Bellring Brands LLCBellRing Brands missed revenue expectations and issued full-year EBITDA guidance significantly below estimates.
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.
Bellring Brands LLCBellRing Brands missed revenue expectations and issued full-year EBITDA guidance significantly below estimates.
Hormel Foods CorporationHormel Foods matched revenue expectations and delivered strong beats on EBITDA and gross margin estimates.
Hershey CoHershey outperformed with revenues exceeding expectations and beating EBITDA and organic revenue estimates.
B&G Foods IncB&G Foods topped revenue expectations and raised full-year guidance the most among peers.
Campbell’s CoCampbell's missed revenue expectations and revenues declined year on year.