Q1 Earnings Highs And Lows: The Marzetti Company (NASDAQ:MZTI) Vs The Rest Of The Shelf-Stable Food Stocks
View original at finance.yahoo.comQ1 Earnings Highs And Lows: The Marzetti Company (NASDAQ:MZTI) Vs The Rest Of The Shelf-Stable Food Stocks Q1 Earnings Highs And Lows: The Marzetti Company (NASDAQ:MZTI) Vs The Rest Of The Shelf-Stable Food Stocks As the Q1 earnings season wraps, let's dig into this quarter's best and worst performers in the shelf-stab…
Ce que nous avons tiré de cette source
The claims Via News extracted from this document. We point to the source; we don't replace it.
As a group, the 17 shelf-stable food stocks reported revenues in line with analyst consensus estimates for Q1, while next quarter revenue guidance was 11.6% below consensus.
60% confidenceSister Schubert's dinner roll sales benefited from pull-forward of demand due to the earlier Easter holiday.
60% confidenceRetail segment gains were more than offset by category softness and reduced sales into the club channel.
60% confidenceMarzetti reported record-high gross profit in Q1 despite the decline in net sales.
60% confidenceNew York Bakery frozen garlic bread products continued to grow sales and increase market share in the Retail segment.
60% confidenceFoodservice reported net sales increased 1.5% and Adjusted Foodservice Net Sales (excluding non-core TSA sales) grew 1.8%, led by higher demand from core national chain restaurant accounts.
60% confidenceShelf-stable food stocks have collectively declined; average share prices are down 3.2% since the latest earnings results.
60% confidence