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
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.
B&G Foods “Actively Seeking” Back to Nature Buyer
B&G Foods is “actively seeking” a buyer for snack brand Back to Nature, stating on this week’s third quarter earnings report that while the brand was performing well enough, the divestment is part of a larger initiative to refocus B&G’s core portfolio and reduce debt.
Beyond Meat CEO: Company Will Pivot to Focus on Profit Over Growth
After reporting “disappointing” revenues, Beyond Meat CEO Ethan Brown told analysts on the company’s third quarter earnings call that he is taking “aggressive measures” to right the ship at the plant-based meat brand.
Kellogg’s: Guidance Raised, Snack Sales Flourish
The Kellogg Company reported Thursday morning $4.1 billion in organic net sales and raised its full-year 2022 guidance on the back of its strong snack category growth during its third quarter earnings report.
Kraft-Heinz: Building Back Margins, Focused On Market Share
Kraft-Heinz reported $6.5 billion in sales and $1.84 billion in profits for its Q3 2022 earnings report, continuing to equalize margins and focusing on channel market share as it rides the economy’s recent volatility.
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.