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
Hershey Says Opportunity Lies In “Satiating” Salty Snacks
The Hershey Company saw net sales rise 11.1% year-over-year to over $3 billion during Q3 – driven by seasonal demand and the impact of its new Salty Snacks ERP system, according to an earnings report released this morning.
Simply Good Foods: Refreshes Atkins, Forecasts FY24 Single Digit Sales Growth
Simply Good Foods, parent company to both the Atkins and Quest Nutrition, reported 17% sales growth with gross margins of 37.6% in its Q4 earnings call.
‘A Wildcard’: Hormel Lowers Full Year Outlook, Citing Weak International Performance
Hormel Foods today lowered its net sales guidance for the full year to the low single-digit range citing unfavorable pork and turkey commodity markets and weakened demand in China.
Campbell’s: Betting On Snacks, Sovos Deal To Buoy Margins
Campbell’s Q4 results exemplified the company’s emphasis on its snack brands with an eye towards how it expects the Sovos acquisition might grow margins in the Meals category for the coming year.
Laird: “Unsteady” Progress in Turnaround, Q2 Net Loss at $3.5M
Laird Superfood reported a net loss of $3.5 million during its second quarter as it continues its long-term turnaround effort, a process CEO Jason Vieth described to investors as “by nature an unsteady progression.”
After Disappointing Quarter, Beyond Meat Acknowledges Consumer Divide
Beyond Meat reported a 30% drop in net revenue in its ‘disappointing’ second quarter, citing a decline in U.S. consumer demand for plant-based meat products.
Sprouts: Product Differentiation, Omnichannel Presence Drive Q2 Growth
Sprouts Farmers Market credited its differentiated dairy, proteins, and bakery offerings for growing sales in its Q2 earnings report.
Mondelez: Price Increases, SKU Cuts Improve Clif’s Margins, Full Impact Still To Come
Mondelēz notched a better-than-expected second quarter with net revenue jumping 17%, driven by a 15.8% increase in organic revenue growth.
Campbell Soup Company: Snacks Lead Q3 Growth as Soup Remains Flat
The Campbell Soup Company reported Q3 FY2023 earnings in line with its expectations as net sales grew 5%, according to the company’s earnings report this morning. Reported earnings before interest and taxes (EBIT) fell by 14% to $254 million and adjusted EBIT was down 2% to $313 million.
J.M. Smucker: Coffee, Uncrustables Fuel 10% Q4 Earnings Growth
J.M. Smucker Co. reported a 10% net sales growth year-over-year on the back of its coffee and Uncrustables brands during its Q4 earnings call and is expecting about $8.5 billion in sales for FY2024 with gross margins hovering around 36.5% to 37%.