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
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.
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.