Middleby CorpMIDD
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Raised full-year revenue guidance and returned $1.3 billion to shareholders via buybacks.
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Middleby CorpMiddleby reported second quarter 2026 results with commercial foodservice organic revenue growth of 8.3% to approximately $631 million, and raised its full-year revenue guidance. CEO Timothy FitzGerald said the company completed the spin-off of its food processing business as MDF on July 6, and returned $1.3 billion to shareholders through repurchases including $200 million in the second quarter. CFO Brittany Cerwin provided third quarter revenue guidance of $620 million to $640 million and full-year revenue guidance of $2.48 billion to $2.53 billion, with adjusted EPS of $6.73 to $6.89. The company cited margin pressures from ice and beverage platform investments and accelerated inflation, but expects sequential margin improvement in the second half.
Middleby CorpRaised full-year revenue guidance and returned $1.3 billion to shareholders via buybacks.