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
Campbell’s: Q1 Earnings As Expected; Growth From Snack, DSD and Sovos To Come
The Campbell Soup Company celebrated the recovery of sales lost to private brands in 2022 across its top three Thanksgiving-driven categories – results that president and CEO Mark Clouse said indicate a notable shift in consumer behavior and cooling inflationary pressures in Q1.
J.M Smucker: Hostess, Uncrustables and Coffee Bolster Earnings Results
Though margin improvements have helped cushion some of the impact, recent pet brand divestments helped push net sales at J.M. Smucker Co. were down 12% during Q2 according to the company’s latest earnings report.
Post Holdings: Volumes Normalizing After FY2023 Declines
Post Holdings reported overall net sales gains in Q4 paired with volume declines across categories and a healthy bump from its new pet food business.
Instacart: Double-Digit Revenue Increase In First Earnings Since IPO
In its first public earnings call, ecommerce delivery platform Instacart (listed as MapleBear Inc.) reported revenues of $764 million, a 14% improvement from the same period last year.
WK Kellogg: Cereal Spin-Off ‘On Track’ To Meet Full-Year Projections
WK Kellogg Co., the recently spun-off cereal business from the Kellogg Company, reported net sales fell by -2% to $692 million in Q3 during its first earnings report as an independent company yesterday.
Beyond Meat “Disappointed” With Q3 U.S. Retail Sales Declines
In its Q3 earnings call, Beyond Meat announced sales declines as it continues to institute a plan to cut costs and prioritize growth after posting high single-digit revenue losses year-over-year.
Hain Celestial: Net Sales Continue Expected Decline As New Company Strategy Takes Effect
The Hain Celestial Group saw net sales drop 3.3% in Q1 FY2024 (compared to a 2% drop in Q4 2023) as the impact of its Hain Reimagined strategy is being felt, said president and CEO Wendy Davidson in a statement.
Mondelez: Pricing Drives Q3 Growth as Biscuits, Snack Bars Rise
As it continues to focus on its core categories of chocolate, biscuits and baked snacks, Mondelez International reported net revenue growth up 16.3% in Q3 to over $9 billion, raising its full year revenue growth outlook from 12% to 14%-15%.
Beyond Meat Plans For Cost Cuts, 19% Workforce Reduction
Soft sales in the plant-based meat category continue to batter Beyond Meat’s revenue in Q3, according to president and CEO Ethan Brown, as the company reported a loss of between about $7 million to $8 million in gross profit despite earning $75 million in net sales.
Kraft Heinz Raises FY Outlook as Price Hikes Improve Margins
Global food giant Kraft Heinz reported a 1% increase in net sales this quarter, attributable to the performance of its core three pillars – U.S. Retail GROW Platforms, Foodservice and Emerging Markets.