Middleby's Q3 Earnings and Sales Miss Estimates, Decline Y/Y [Yahoo! Finance]
The Middleby Corporation (MIDD)
Last the middleby corporation earnings: 2/26 07:00 am
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=85145&p=irol-irhome
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Source: Yahoo! Finance
The bottom line decreased 1.7% year over year due to lower sales. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Net sales of $942.8 million missed the consensus estimate of $997 million. The top line declined 3.9% year over year. Organic sales decreased 4.1%. Acquired assets boosted sales by 0.2%, while movements in foreign currencies had a positive impact of 0.1%. Sales from the Commercial Foodservice Equipment Group segment (representing 63.7% of net sales) were $600.1 million, down 5.3% year over year. Organic sales decreased 5.3%. Buyouts did not have any material impact on sales, while foreign-currency translation had an adverse impact of 0.1%. Sales from the Residential Kitchen Equipment Group segment (18.3%) totaled $173.2 million, down 3.8% year over year. Our estimate was $189.2 million. Organic sales plunged 4.5%. Buyouts boosted sales by 0.1%, while foreign-currency translation had a positive impact of 0.6%. Sales from the Food Processin
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MIDD
News
- The Middleby Co. (NASDAQ: MIDD) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $155.00 price target on the stock.MarketBeat
- The Middleby Co. (NASDAQ: MIDD) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $160.00 price target on the stock, down previously from $170.00.MarketBeat
- Registration Now Open for Specialty Coffee Expo Scheduled for April 25-27, 2025, in Houston, TX; Event is Produced by The Specialty Coffee Association [Yahoo! Finance]Yahoo! Finance
- Outdoor Kitchen Cabinets Market to Grow by USD 1.70 Billion (2024-2028), Driven by Rising Online Sales of Outdoor Furniture, with AI Powering Market Evolution - Technavio [Yahoo! Finance]Yahoo! Finance
- Middleby Enhances Food Processing Group With Gorreri Acquisition [Yahoo! Finance]Yahoo! Finance
MIDD
Earnings
- 10/31/24 - Miss
MIDD
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form 4
- 11/7/24 - Form 10-Q
- MIDD's page on the SEC website