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
J.M. Smucker Posts Double-Digit Profit Gains Following Acquisition of Hostess Brands
The J.M. Smucker Company surpassed analysts’ projections in reporting a 15% year-over-year increase in adjusted gross profit for the quarter ended April 30, as price hikes and lower input costs helped offset a slump in sales.
Campbell’s: Strong Sales Elevate FY Guidance Post-Sovos Acquisition
The Campbell Soup Company posted solid third-quarter earnings this morning, beating analyst expectations as net sales increased 6% driven by the Sovos Brands acquisition and integration.
UNFI Reports Mixed Q3 Results Amid Business Transformation Efforts
Health and specialty food distributor United Natural Foods Inc. (UNFI) posted a 0.1% decrease in net sales to $7.5 billion during Q3 2024 in an earnings release this morning amid the company’s ongoing business transformation efforts. “We delivered another quarter in line with our fiscal 2024 plan and our third consecutive quarter of improving profitability… Read more »
Costco Posts Strong Q3 Results, Confirms $1.50 Hot Dog Price ‘Safe’
The club business continues to capture consumers on price, according to Costco’s latest earnings results. The club store chain reported net income of $1.68 billion during Q3 2024.
Laird Superfood: Q1 Earnings Marks Return to ‘Growth Story’
Don’t call it a turnaround – at least that was the attitude of Laird Superfood CEO Jason Vieth during the nutrition brand’s Q1 2024 earnings call yesterday, declaring that the “turnaround story has officially become a growth story once again.”
Mondelēz Grows Q1 Revenue, Profits Despite Challenging Operating Environment
Mondelēz posted “solid top-line” results in Q1 2024 with net revenue up 1.4% and organic net growing 4.2%; however the multinational chocolate, candy and snack producer saw volume/mix decline 2.1%.
CPG Week: Reading The Earnings Report Tea Leaves, Whole Foods’ Daily Shop
The Nosh and BevNET team talks cereal struggles, energy drink earnings, up-and-down reports from plant-based industry leaders and Whole Foods’ newest attempt at a smaller footprint store concept.
UNFI Posts Profit Decline, Names New President and CFO
United Natural Foods Inc (UNFI) reported a 0.5% decrease in net sales to $7.8 billion during Q2 2024 in an earnings release this morning, missing analyst revenue expectations but beating share price predictions.
Campbell’s: Q2 Earnings ‘Right Where Expected,’ Readies For Sovos Deal Close
Campbell Soup Company released its second-quarter 2024 earnings with net sales at $2.4 billion, a -1% decline from the year-ago period. The company reported sequential volume improvements and margin growth as it prepares to close the acquisition of Sovos Brands next week.
WK Kellogg: Cereal Business “Stable” As 2024 Volumes Stabilize
WK Kellogg Co reported its first standalone quarterly earnings with net sales up for the FY2023 as the company focuses on supply chain management and operational efficiency.