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KMB Q3 Earnings Beat Estimates, Sales In Line With the Year-Ago Level
ZACKS· 2025-10-30 15:36
Key Takeaways Kimberly-Clark's Q3 adjusted EPS of $1.82 beat estimates and matched the prior year's performance. Net sales held at $4.2 billion, as volume gains offset the impacts of the U.S. diaper business exits.Operating profit stayed flat year over year, supported by productivity and cost controls. Kimberly-Clark Corporation ((KMB) posted third-quarter 2025 results that reflected resilient consumer demand, steady volume growth and ongoing productivity gains, even as margin pressures persisted. Both the ...
McCormick Lowers Profit View Despite Q3 Earnings & Sales Beat
ZACKS· 2025-10-07 16:56
Core Insights - McCormick & Company, Incorporated (MKC) reported third-quarter fiscal 2025 results showing volume-led growth and resilience despite a challenging cost environment, with both earnings and sales increasing year over year and surpassing the Zacks Consensus Estimate [1] Financial Performance - Adjusted earnings per share rose to 85 cents, up from 83 cents in the prior year, exceeding the Zacks Consensus Estimate of 81 cents, driven by higher operating income and disciplined cost management, although gross margin softened due to rising commodity costs and tariffs [2] - Net sales reached $1,724.9 million, a 3% increase year over year, including a 1% positive currency impact, beating the consensus mark of $1,715 million; organic sales grew 2%, supported by volume growth of over 1% and a 1% contribution from pricing [3] - Gross profit for the quarter was $645.1 million, down from $649.9 million in the previous year, with gross margin contracting 130 basis points to 37.4%; adjusted gross margin also contracted 120 basis points due to elevated input costs [4] Segment Performance - Consumer segment sales advanced 4% year over year to $973 million, with organic sales growing 3% driven by improved volume and mix; adjusted operating income rose 4% to $194 million [6] - Flavor Solutions segment sales increased 1% to $752 million, with organic sales up 1% on pricing; adjusted operating income dipped 2% to $100 million due to higher input costs and tariffs [7] Financial Health - McCormick ended the quarter with cash and cash equivalents of $94.9 million, long-term debt of $3.1 billion, and total shareholders' equity of $5.8 billion; year-to-date operating cash flow was $420.2 million, with expectations for robust cash generation in fiscal 2025 [8] Future Outlook - The company reiterated its sales growth outlook for fiscal 2025 while lowering profitability guidance due to rising commodity costs and tariffs, expecting net sales growth of 0-2% [9][10] - Adjusted EPS is now projected between $3.00 and $3.05, indicating 2-4% year-over-year growth, down from the previous expectation of $3.03 to $3.08 [11]
'Wizard of Oz'-themed butter sculpture unveiled at New York State Fair
NBC News· 2025-08-20 20:18
I can't believe it's butter. The American Dairy Association unveiled the 57th annual butter sculpture at the great New York State Fair. And let's just say it's really on a roll.This enormous spread is made up of 800 lb of butter. It's inspired by the 125th anniversary of the Wizard of Oz. It took 11 days to whip up this sculpture, and so clearly there was no margarine for error.Once the fair ends, the butter will be recycled and used as a renewable energy source. ...
X @Wendy O
Wendy O· 2025-08-19 01:17
I would really appreciate a massive tub of butter or cheese in this very moment.Thank you ...
Vital Farms to Report Second Quarter 2025 Financial Results on August 7, 2025
Globenewswire· 2025-07-24 12:30
Core Viewpoint - Vital Farms, a Certified B Corporation, is set to report its financial results for Q2 2025 on August 7, 2025, before market open [1] Company Overview - Vital Farms, founded in 2007 in Austin, Texas, has grown from a single farm to a national consumer brand, collaborating with over 500 family farms [3] - The company is recognized as the leading U.S. brand of pasture-raised eggs by retail dollar sales [3] - Vital Farms emphasizes humane treatment of farm animals and sustainable farming practices, prioritizing long-term benefits for all stakeholders, including farmers, customers, and the environment [3] - Its product range includes shell eggs, butter, hard-boiled eggs, and liquid whole eggs, available in approximately 26,000 stores nationwide [3] Upcoming Events - A conference call and webcast will be held on August 7, 2025, at 8:30 a.m. ET to discuss the financial results [2] - Participants can join the call via specific North American and international phone numbers or access the live webcast on the Vital Farms Investor Relations website [2]
Why has butter gotten so expensive?
Bloomberg Television· 2025-07-08 04:30
Why has butter gotten so expensive. The price of butter is lingering near record high for most parts of the world, and it doesn't seem like it's going to head down anytime soon. It doesn't help that global demand is forecast to outpace production this year.Butter has grown in popularity as more people shun ultrarocessed foods. And while not part of most traditional fair in Asia, consumers there are also increasingly welcoming buttery goods into their diets. The problem is supply is struggling to keep up wit ...
Vital Farms Appoints Billy Cyr to Board of Directors
Globenewswire· 2025-07-02 20:05
Core Insights - Vital Farms has appointed William B. (Billy) Cyr to its board of directors effective July 1, 2025, enhancing its leadership team with his extensive experience in the consumer packaged goods sector [1][2]. Group 1: Appointment Details - Cyr has over 40 years of experience in the consumer packaged goods industry, currently serving as CEO of Freshpet, Inc. since September 2016 [2]. - He has held significant positions at Sunny Delight Beverages Co. and Procter & Gamble, where he was Vice President and General Manager of the North American Juice Business and Global Nutritional Beverages [2]. - Cyr will serve on the board's audit committee, replacing Karl Khoury, who will transition to the nominating and governance committee [3]. Group 2: Company Background - Vital Farms is a Certified B Corporation that offers ethically produced foods and is the leading U.S. brand of pasture-raised eggs by retail dollar sales [4]. - The company started in 2007 on a single farm in Austin, Texas, and now collaborates with over 450 family farms, selling products in approximately 26,000 stores nationwide [4]. - Vital Farms emphasizes humane treatment of farm animals and sustainable farming practices, prioritizing long-term benefits for all stakeholders, including farmers, consumers, and the environment [4].
Vital Farms to Participate in June 2025 Investor Conferences
Globenewswire· 2025-05-20 12:30
Company Overview - Vital Farms (Nasdaq: VITL) is a Certified B Corporation that provides a variety of ethically produced foods across the United States [3] - The company began in 2007 on a single farm in Austin, Texas, and has grown to become a national consumer brand collaborating with over 450 family farms [3] - Vital Farms is recognized as the leading U.S. brand of pasture-raised eggs by retail dollar sales [3] - The company emphasizes humane treatment of farm animals and sustainable farming practices [3] - Vital Farms operates as a Delaware public benefit corporation, focusing on long-term benefits for all stakeholders, including farmers, customers, communities, and stockholders [3] - Its product range includes shell eggs, butter, hard-boiled eggs, and liquid whole eggs, available in approximately 26,000 stores nationwide [3] Upcoming Investor Conferences - Vital Farms will participate in the Deutsche Bank dbAccess Global Consumer Conference in Paris, France, from June 3-5, 2025, with 1x1 meetings scheduled for June 3 and 4 [1] - The company will also attend the Jefferies Consumer Conference in Nantucket, MA, on June 17-18, 2025, offering 1x1 meetings on both days and participating in an analyst-hosted breakout session on June 18 at 11:30 a.m. Eastern Time [2]
Vital Farms to Report First Quarter 2025 Financial Results on May 8, 2025
Globenewswire· 2025-04-24 12:30
Company Overview - Vital Farms is a Certified B Corporation that offers a range of ethically produced foods nationwide [3] - The company started in 2007 on a single farm in Austin, Texas, and has grown to work with over 425 family farms [3] - Vital Farms is the leading U.S. brand of pasture-raised eggs by retail dollar sales [3] - The company emphasizes humane treatment of farm animals and sustainable farming practices [3] - Vital Farms' products include shell eggs, butter, hard-boiled eggs, and liquid whole eggs, sold in approximately 24,000 stores nationwide [3] Upcoming Financial Results - Vital Farms will report financial results for the first quarter ended March 30, 2025, on May 8, 2025, before market open [1] - A conference call and webcast will be held at 8:30 a.m. ET on the same day to discuss the results [2] - Participants can access the live call via specific phone numbers or through the Vital Farms Investor Relations website [2]