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
Kellanova: Earnings Flat In First Report Since Corporate Split
Kellanova reported “better-than-expected results” marked by flat net sales and higher profits in its first full quarter since The Kellogg’s Company split the snacks, meals, frozen and international business from its domestic cereal brands.
Hershey: ‘Historic’ Cocoa Prices Will Limit FY 2024 Earnings Growth
The Hershey Company today reported Q4 net sales grew a modest 0.2% year-over-year to $2.65 billion, reflecting inflationary headwinds such as rising cocoa and sugar prices, which are expected to continue constraining earnings growth in the year to come.
Conagra Brands: Slower-Than-Expected Volume Recovery Hinders Q2 Results
Conagra Brands is increasing investment in innovation, advertising and merchandising to reverse volume declines.
General Mills: Cost Savings Brighten Q2 Sales Slump
General Mills struggled to keep pace in Q2 with the price increase-driven double-digit dollar sales growth of the same period last year, per its quarterly earnings report.
Campbell’s: Q1 Earnings As Expected; Growth From Snack, DSD and Sovos To Come
The Campbell Soup Company celebrated the recovery of sales lost to private brands in 2022 across its top three Thanksgiving-driven categories – results that president and CEO Mark Clouse said indicate a notable shift in consumer behavior and cooling inflationary pressures in Q1.
J.M Smucker: Hostess, Uncrustables and Coffee Bolster Earnings Results
Though margin improvements have helped cushion some of the impact, recent pet brand divestments helped push net sales at J.M. Smucker Co. were down 12% during Q2 according to the company’s latest earnings report.
Post Holdings: Volumes Normalizing After FY2023 Declines
Post Holdings reported overall net sales gains in Q4 paired with volume declines across categories and a healthy bump from its new pet food business.
Instacart: Double-Digit Revenue Increase In First Earnings Since IPO
In its first public earnings call, ecommerce delivery platform Instacart (listed as MapleBear Inc.) reported revenues of $764 million, a 14% improvement from the same period last year.
WK Kellogg: Cereal Spin-Off ‘On Track’ To Meet Full-Year Projections
WK Kellogg Co., the recently spun-off cereal business from the Kellogg Company, reported net sales fell by -2% to $692 million in Q3 during its first earnings report as an independent company yesterday.
Beyond Meat “Disappointed” With Q3 U.S. Retail Sales Declines
In its Q3 earnings call, Beyond Meat announced sales declines as it continues to institute a plan to cut costs and prioritize growth after posting high single-digit revenue losses year-over-year.