Earnings

Flowers Foods posted solid Q3 performance despite reporting a net sales decrease of 0.7% to $1.19 billion as positive pricing more than offset volume declines.

WK Kellogg reported an expected net sales decrease of 0.4% year-over-year during Q3 and marked its first full year since spinning off as an independent company.

The Hershey Company announced today it has downgraded its fiscal year 2024 guidance after high cocoa costs and increased pressure across all segments dragged down its third-quarter earnings.

SunOpta reported strong, volume-driven revenue growth in Q3, according to its latest earnings released on Tuesday.

B&G Foods, the maker of Ortega, Cream of Wheat, and Crisco, is considering the divestiture of “some or all of the assets” in its Green Giant frozen and vegetable business unit to improve margins and cash flow following mixed Q3 results.

Halloween isn’t the only holiday this week… It’s also time for many publicly traded CPG companies to report Q3 earnings! Don’t be spooked by the arcane financial documents: we’ve done the heavy lifting and siphoned out some bite-sized insights.

The Kraft Heinz Company reported lower-than-expected net sales and income as volume struggles and consumer demand for key brands continued to decline in its third quarter.

Mondelēz International posted strong Q3 results yesterday as sales and volume growth remained steady amid a host of challenges including volatile cocoa prices and changes to consumer demand in the wake of continued high grocery costs.

After a positive Q4, Simply Good Foods presented an optimistic outlook for the coming FY2025 with a continued restructuring of the Atkins brand and the further integration of OWYN into its portfolio.

Albertsons Companies surpassed analysts’ projections in reporting second-quarter net sales and other revenue of $18.6 billion today, up from $18.3 billion last year, propelled by an increase in digital sales and omnichannel shoppers.