Shelf-Stable Food Stocks Post Mixed Q1 as Marzetti Misses Estimates

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

The shelf-stable food industry reported mixed first-quarter results, with The Marzetti Company falling short of expectations. Marzetti posted flat revenues of $451.8 million, missing analyst estimates by 2.6%, and also fell short on earnings per share and EBITDA. Among the 17 tracked companies, aggregate revenues met consensus, but next-quarter guidance came in 11.6% below expectations. Hershey was the top performer with revenue up 10.6% to $3.10 billion, while BellRing Brands was the weakest, with shares tumbling 32.6% after missing estimates and issuing disappointing full-year EBITDA guidance. Simply Good Foods also lagged, with revenue down 9.4% and a significant guidance miss, while Utz met revenue expectations and beat on EBITDA and operating income.

Impact on stocks 5

Consumer Staples± Mixed · 5 stocks
Bellring Brands LLC
BRBR
▼ NegativeCapitalrelevance

Missed estimates and issued disappointing full-year EBITDA guidance, causing shares to tumble 32.6%.

Hershey Co
HSY
▲ PositiveDemandrelevance

Top performer with revenue up 10.6% to $3.10 billion.

The Marzetti Company
MZTI
▼ NegativeCapitalrelevance

Flat revenues missed analyst estimates by 2.6%, and fell short on EPS and EBITDA.

Utz Brands Inc
UTZ
▲ PositiveCapitalrelevance

Met revenue expectations and beat on EBITDA and operating income.