Earnings
Featured Earnings Content
Beyond: New $100M Investment Amid ‘Disappointing’ Q1
Beyond Meat reported its Q1 earnings yesterday afternoon with sales slipping 9.1% year-over-year and volume down 11.2% as the company plots a path forward with a new $100 million capital infusion.
General Mills Slashes FY 2025 Profit Forecast as It Doubles Down on Promotions
Despite posting better-than-expected Q2 results, Cheerios and Betty Crocker maker General Mills announced yesterday that it has lowered its profit outlook for fiscal 2025 as it implements short-term promotions to attract budget-conscious consumers.
Instacart Posts Strong Q2 Results As It Embraces Grocery Tech
Instacart’s core business has moved well beyond its origins in the gig-economy, third-party delivery space as it diversifies deeper into tech-based services. And those efforts appear to be paying off.
Additional Content
Laird Superfood: Q1 Earnings Marks Return to ‘Growth Story’
Don’t call it a turnaround – at least that was the attitude of Laird Superfood CEO Jason Vieth during the nutrition brand’s Q1 2024 earnings call yesterday, declaring that the “turnaround story has officially become a growth story once again.”
Mondelēz Grows Q1 Revenue, Profits Despite Challenging Operating Environment
Mondelēz posted “solid top-line” results in Q1 2024 with net revenue up 1.4% and organic net growing 4.2%; however the multinational chocolate, candy and snack producer saw volume/mix decline 2.1%.
CPG Week: Reading The Earnings Report Tea Leaves, Whole Foods’ Daily Shop
The Nosh and BevNET team talks cereal struggles, energy drink earnings, up-and-down reports from plant-based industry leaders and Whole Foods’ newest attempt at a smaller footprint store concept.
UNFI Posts Profit Decline, Names New President and CFO
United Natural Foods Inc (UNFI) reported a 0.5% decrease in net sales to $7.8 billion during Q2 2024 in an earnings release this morning, missing analyst revenue expectations but beating share price predictions.
Campbell’s: Q2 Earnings ‘Right Where Expected,’ Readies For Sovos Deal Close
Campbell Soup Company released its second-quarter 2024 earnings with net sales at $2.4 billion, a -1% decline from the year-ago period. The company reported sequential volume improvements and margin growth as it prepares to close the acquisition of Sovos Brands next week.
WK Kellogg: Cereal Business “Stable” As 2024 Volumes Stabilize
WK Kellogg Co reported its first standalone quarterly earnings with net sales up for the FY2023 as the company focuses on supply chain management and operational efficiency.
Kellanova: Earnings Flat In First Report Since Corporate Split
Kellanova reported “better-than-expected results” marked by flat net sales and higher profits in its first full quarter since The Kellogg’s Company split the snacks, meals, frozen and international business from its domestic cereal brands.
Hershey: ‘Historic’ Cocoa Prices Will Limit FY 2024 Earnings Growth
The Hershey Company today reported Q4 net sales grew a modest 0.2% year-over-year to $2.65 billion, reflecting inflationary headwinds such as rising cocoa and sugar prices, which are expected to continue constraining earnings growth in the year to come.
Conagra Brands: Slower-Than-Expected Volume Recovery Hinders Q2 Results
Conagra Brands is increasing investment in innovation, advertising and merchandising to reverse volume declines.
General Mills: Cost Savings Brighten Q2 Sales Slump
General Mills struggled to keep pace in Q2 with the price increase-driven double-digit dollar sales growth of the same period last year, per its quarterly earnings report.