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
SunOpta: Demand For Plant-Based Products Fuels Record Growth In Q2
SunOpta reported one of its strongest quarters in company history, posting a record $145.9 million in revenue on the back of a record 31% growth in plant-based food and beverage.
Hershey: Chocolate Maker Raises Guidance On Solid Q2 Earnings
The Hershey Company announced double digit sales growth in its second quarter earnings report Thursday morning, leading the confectioner to raise its guidance for earnings per share and sales for the second half of the year. A growing salty snacks business played a key role in revenue growth.
Very Good Food Company Reports Q1 Results; Revenue Declines as Company’s Future Remains Uncertain
The Very Good Food Company still reported a significant drop in revenue in its 2022 Q1 earnings statement yesterday, despite net loss decreasing 37% to $13 million over the last quarter. The announcement comes as the company has continued to struggle with financial performance, seen turnover in key executive roles and needs to bring in new capital in order to survive beyond the next 30 days.
Lancaster to Divest from Bantam Bagels Citing ‘No Foreseeable Path to Profitability’
Less than four years after acquiring the brand, Lancaster Colony Corporation plans to divest from the frozen food maker Bantam Bagels later this summer.
Kellogg’s Says Snack Segment Is Driving Sales, Affirms Full Year Outlook
Snack sales, emerging market growth and positive price realization helped Kellogg’s overcome cereal inventory issues to score a 4% increase in organic net sales during Q1 2022.
Kraft-Heinz Credits Growth To Core, Conventional Lines and Company’s ‘Consumer Obsession’
Despite record levels of inflation following two years of supply chain disruptions and market volatility caused by the war in Ukraine, Kraft Heinz CEO Miguel Patrico said the company is “well positioned for the path forward” after reporting a 6.8% increase in organic net sales in its Q1 2022 earnings report, released Wednesday morning.
Conagra: Snacks, Frozen Categories Drive Q3 Net Sales; Inflationary Pressures Linger
Conagra reported a 6% increase in organic net sales during Q3 fiscal year 2022, largely driven by consistent consumer demand for its frozen and snack products. However, the company said it experienced “higher-than-anticipated” market inflation throughout the quarter, which it expects will continue to impact pricing across its frozen, refrigerated and snack businesses.
Posting Losses, Hain Celestial Execs Note ‘Transformation Takes Time’
The organic and natural products company reported a net loss of $69.9 million for the quarter, but the executive team has hope that the company can successfully pivot toward profitability.
RXBAR Boosts Kellogg’s Quarterly Earnings
In Kellogg’s quarterly earnings report published Thursday, the company said the protein bar brand contributed $59 million in sales during the second quarter and $110 million year-to-date.
As U.S. Sales Sink, Hain Celestial Outlines Adapted Game Plan
Organic and natural products company Hain Celestial Group saw its stock hit a five-year low yesterday after the company announced it had disappointing U.S. sales this quarter.