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
UNFI Posts Double-Digit Q4 Sales Growth as Transformation Efforts Continue
United Natural Foods Inc. (UNFI) posted a 10% year-over-year increase in net sales to $8.2 billion during Q4 2024 amid the Health and specialty food distributor’s ongoing transformation efforts, according to an earnings report released this morning.
General Mills Bets on Bolt-Ons for Growth Following Q1 Sales, Profit Declines
After announcing the sale of its North American yogurt business last week, CPG giant General Mills plans to shift its focus to bolt-on acquisitions of “smaller size assets” to enhance growth, said chairman and CEO Jeff Harmening in today’s Q1 earnings report.
Beyond Meat: Q2 Sees Revenue Down, Margins Up
Beyond Meat made progress in its mission to reach profitable growth in Q2 with gross margins and profits increasing despite a net revenue drop of -8.8% year-over-year.
Laird: ‘Eye-Popping’ Ecommerce Growth Leads Q2 Earnings
Laird Superfood showed “tremendous progress” in Q2 posting net sales of $10 million on the back of its DTC and ecommerce growth.
CPG Week: Zombie Brands, Kellanova Rumors & Beverage Business Updates
The CPG Week podcast team talks “zombie brands,” a rumored mega-merger of snacks and sweets, beverage brands earnings, and more legal woes for PRIME.
WK Kellogg To ‘Modernize’ Legacy Cereal Brand Supply Chains
WK Kellogg’s net sales slumped 3.9% to $672 million during Q2 as it grappled with price increases (+2.1%) and volume declines (-4.8%) amid a “difficult business environment.”
BellRing: Premier Protein Drives Double-Digit Q3 Growth As Powders Move Towards Mainstream
BellRing Brands – the producer of Premier Protein and Dymatize brands – reported 15.6% net sales growth to $515.4 million in its Q3 earnings report this morning as the company works to build up demand and household penetration for its shakes and powders.
TreeHouse Foods Bets On Long-Term Private Label Potential
Despite a spike in private label popularity, TreeHouse Foods posted a 1.9% sales decline in Q2 as the company’s balance sheet recovers from significant divestitures and it works to regain momentum after a planned renovation to its broth facility.
Insider Daily Briefing: Cautious Consumers Drag On Big CPG’s Bottom Line
Also in this edition: this week’s new products, how a Friendly Bread is diversifying via the freezer, IFG snaps up a Killer Brownie brand and surprising foods that are all the rage at the 2024 Paris Olympics.
Kraft Heinz Seeks To Deliver Value As Sales, Volumes Decline
The Kraft Heinz Company lowered its full-year outlook after reporting lower-than-expected Q2 earnings yesterday, citing “cautious” consumer sentiment on grocery prices amidst downtrading across center-store categories.