Shelf-Stable Food Stocks Q1 Highlights: Hormel Foods

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

Shelf-stable food stocks reported mixed first-quarter results, with revenues in line with analysts' consensus estimates but next quarter's revenue guidance coming in 11.6% below expectations. Hormel Foods posted revenues of $2.97 billion, up 2.5% year on year, matching expectations and delivering strong beats on EBITDA and gross margin estimates. Hershey outperformed with revenues of $3.10 billion, up 10.6% year on year, exceeding expectations by 2.4% and beating EBITDA and organic revenue estimates. BellRing Brands was the weakest performer, with revenues of $598.7 million, up 1.8% year on year, missing expectations by 1.7% and issuing full-year EBITDA guidance significantly below estimates. B&G Foods topped expectations by 2.4% with revenues of $408.9 million, down 3.9% year on year, and achieved the highest full-year guidance raise among its peers. Campbell's missed expectations by 0.6% with revenues of $2.37 billion, down 4.4% year on year, in a mixed quarter that included a narrow EBITDA beat.

Impact on stocks 5

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

BellRing Brands missed revenue expectations and issued full-year EBITDA guidance significantly below estimates.

Hormel Foods Corporation
HRL
▲ PositiveCapitalrelevance

Hormel Foods matched revenue expectations and delivered strong beats on EBITDA and gross margin estimates.

Hershey Co
HSY
▲ PositiveCapitalrelevance

Hershey outperformed with revenues exceeding expectations and beating EBITDA and organic revenue estimates.

B&G Foods Inc
BGS
▲ PositiveCapitalrelevance

B&G Foods topped revenue expectations and raised full-year guidance the most among peers.

Campbell’s Co
CPB
▼ NegativeCapitalrelevance

Campbell's missed revenue expectations and revenues declined year on year.