Earnings
Post Holdings: Volumes Normalizing After FY2023 Declines
Post Holdings reported overall net sales gains in Q4 paired with volume declines across categories and a healthy bump from its new pet food business.
Instacart: Double-Digit Revenue Increase In First Earnings Since IPO
In its first public earnings call, ecommerce delivery platform Instacart (listed as MapleBear Inc.) reported revenues of $764 million, a 14% improvement from the same period last year.
WK Kellogg: Cereal Spin-Off ‘On Track’ To Meet Full-Year Projections
WK Kellogg Co., the recently spun-off cereal business from the Kellogg Company, reported net sales fell by -2% to $692 million in Q3 during its first earnings report as an independent company yesterday.
Beyond Meat “Disappointed” With Q3 U.S. Retail Sales Declines
In its Q3 earnings call, Beyond Meat announced sales declines as it continues to institute a plan to cut costs and prioritize growth after posting high single-digit revenue losses year-over-year.
Hain Celestial: Net Sales Continue Expected Decline As New Company Strategy Takes Effect
The Hain Celestial Group saw net sales drop 3.3% in Q1 FY2024 (compared to a 2% drop in Q4 2023) as the impact of its Hain Reimagined strategy is being felt, said president and CEO Wendy Davidson in a statement.
Mondelez: Pricing Drives Q3 Growth as Biscuits, Snack Bars Rise
As it continues to focus on its core categories of chocolate, biscuits and baked snacks, Mondelez International reported net revenue growth up 16.3% in Q3 to over $9 billion, raising its full year revenue growth outlook from 12% to 14%-15%.
Beyond Meat Plans For Cost Cuts, 19% Workforce Reduction
Soft sales in the plant-based meat category continue to batter Beyond Meat’s revenue in Q3, according to president and CEO Ethan Brown, as the company reported a loss of between about $7 million to $8 million in gross profit despite earning $75 million in net sales.
Kraft Heinz Raises FY Outlook as Price Hikes Improve Margins
Global food giant Kraft Heinz reported a 1% increase in net sales this quarter, attributable to the performance of its core three pillars – U.S. Retail GROW Platforms, Foodservice and Emerging Markets.
Hershey Says Opportunity Lies In “Satiating” Salty Snacks
The Hershey Company saw net sales rise 11.1% year-over-year to over $3 billion during Q3 – driven by seasonal demand and the impact of its new Salty Snacks ERP system, according to an earnings report released this morning.
Simply Good Foods: Refreshes Atkins, Forecasts FY24 Single Digit Sales Growth
Simply Good Foods, parent company to both the Atkins and Quest Nutrition, reported 17% sales growth with gross margins of 37.6% in its Q4 earnings call.