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
Beyond Meat: Q4 Report Lends Optimism To Future Earnings
Beyond Meat executives expressed renewed confidence that the company’s “decisive actions” to prioritize positive cash flow above growth is beginning to work even as the company announced net revenues of $79.9 million, a decrease of -20.6% from Q4 2021.
Nestlé Plans Additional Price Hikes After Inflationary Headwinds Hurt 2022 Earnings
Nestlé announced on Thursday plans to further increase prices across several product lines after inflationary headwinds, including heightened ingredient costs, contributed to a decline in sales volumes for the fourth quarter.
TreeHouse: Reshaped Portfolio Focuses on Private Label Snacking and Beverage Categories
TreeHouse Foods’ newly reshaped portfolio is focused on higher growth and higher margin private label snacking and beverage categories to “drive improved execution,” the company said during its Q4 2022 earnings call today.
Kellogg: Company to Keep Plant-Based Meat Biz, Snacks Drive Sales in Latest Earnings
Kellogg Co. chairman and CEO Steven Cahillane told investors and analysts during an earnings call today that the company had reassessed its outlook on its Morningstar Farms brand.
Hain Celestial: Q2 Earnings Surpass Expectations as Company Reaffirms Guidance
The Hain Celestial Group bested analysts’ expectations in its Q2 earnings report today, as the company saw net sales decline just -4.8% while growing its snack business and expanding distribution.
News Roundup: Anne Hathaway Invests in The EVERY Co.; La Porteña Wins Latino Entrepreneur Accelerator Program
In this week’s news roundup, actress Anne Hathaway has invested in food tech company The EVERY Co., Brazilian frozen foods brand Brazi Bites has named La Porteña Foods as the winner of its first Latino Entrepreneur Accelerator Program, and The Hershey Company reports Q4 and FY 2022 earnings.
Mondelez: Snacks, Volume and Pricing Support Growth, Offset EU Chocolate Challenges
Mondelez is gearing up for continued double-digit inflationary headwinds in 2023, aiming to hedge against what it believes are misguided projections that input and operating costs will begin to decline this year.
Albertsons: Inflation Boosts Q3 Revenue & Sales, While Margins Tighten
Albertsons Companies released its quarterly earnings on Tuesday, reporting net sales and other revenue reached $18.2 billion in Q3, a 1% increase from Q2 results, with growth largely driven by retail price inflation and higher fuel sales.
Strvye Reports Drop in Net Sales in Q3, CEO Sees “Renovation Opportunities”
Despite declining sales year-over-year, executives at meat snack brand Stryve said on the company’s third quarter earnings call yesterday that it is making progress in reversing losses and controlling expenses.
Tyson: CFO Apologizes For Arrest, Profits Miss
Tyson Foods CFO John R. Tyson apologized for his arrest on November 6 during the company’s Q4 FY2022 earnings call Monday. The company reported record sales for 2022 but fell short of FY revenue expectations on the back of high beef prices and headwinds to pork sales.