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 Reports Q1 Net Loss of $4.1M, Continues Turnaround Efforts
Laird Superfood announced a net loss of $4.1 million in Q1 2023 as the plant-based food company continues its turnaround efforts.
Beyond Meat: “Tangible Progress” To Cash Flow Positive Future Despite Q1 Losses
Beyond Meat showed “solid progression” in its goal to become cash flow positive despite a net loss for Q1 2023 while also announcing a $200 million “at the market” new stock offering to help bolster its cash reserves.
Hain: FY Outlook Falls After Q3 Sales Miss
Hain Celestial has downgraded its full-year 2023 guidance after posting a net sales of $455.2 million Tuesday morning, down about 9% from the same period last year.
TreeHouse: Price Increases, Recovery of Supply Chain Propel Q1 Sales Growth Past Analysts’ Expectations
Price increases and improvements in its supply chain helped TreeHouse Foods beat analysts’ expectations and drive net sales up 15.8% year-over-year in Q1 2023, the company announced in an earnings call this morning.
Blue Apron ‘Actively Pursuing All Options’ for Financing Following $17M Net Loss in Q1
On an earnings call today, Blue Apron executives said the company is “actively pursuing all options” to bring in much-needed capital as it continues to suffer significant quarterly losses.
Sprouts: Q1 Growth Is ‘Direct Result’ of Consumer Engagement, Product Differentiation
On its earnings call this week, Sprouts Farmers Market credited its Q1 sales growth as a “direct result” of its customer engagement efforts, which have helped grow both basket size and as well as increase trip count among its loyal shoppers.
Mondelēz: Consumers Remain Loyal to Brands, Clif Reports Strong Financial Improvement
Mondelēz reported strong top line growth on its Q1 earnings call yesterday. In the first quarter, executives noted, 2022 acquisition Clif Bar showed double-digit revenue growth.
Hershey Q1: Salty Snack Brands Outpace the Category, Confectionery Price Hikes to Come
The Hershey Company set a positive tone for 2023, raising its full year financial outlook after outperforming expectations in its Q1 earnings report today. According to the company, consolidated net sales were up just over 12% in Q1 to $2.9 billion (organic net sales grew 12.2%) while reported net income increased 10.9% to $587.2 million.
Stryve: Net Sales Decline After Successful Expense Reductions Measures
Air dried meat snack company Stryve reported a 1.3% decline in net sales year-over-year to $5.4 million in Q4, largely due to the company’s SKU rationalization efforts and other cash conservation measures.
Laird: Company Emphasizes Turnaround Efforts After $15.6M Q4 Net Loss
Facing a net loss of $15.6 million in Q4 2022 – up 126% year-over-year – plant-based food and powdered drink brand Laird Superfood said it is emphasizing turnaround efforts in the new year during an earnings call this week.