옵션 체인은 다양한 행사가격과 만기일에 대한 Chefs' Warehouse의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Chefs' Warehouse에 대한 시장 심리를 평가합니다..

Chefs' Warehouse (NASDAQ:CHEF) 주식, 옵션 체인

Chefs' Warehouse

The Chefs' Warehouse

The Chefs' Warehouse Inc is a specialty food distributor in metropolitan areas across the United States and Canada. The company's product portfolio is comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. The Chefs' Warehouse operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, mid and west coasts of the U.S. The company provides service to restaurants, clubs, hotels, caterers, schools, bakeries, casinos and speciality food stores.

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캠벨 스프 (NYSE:CPB)는 견고한 공급망, 성공적인 혁신 및 효과적인 마케팅 프로그램으로 인해 어려운 소비자 환경 속에서도 탄력을 보여주고 있다.회사의 비용 절감 계획 또한 이러한 성공 이야기에 이바지하고 있다. 2024 회계 연도 2분기까지 회사는 스나이더스 랜스(Snyder&#39;s-Lance) 시너지를 포함한 여러 해 동안의 비용 절감 프로그램의 일환으로 9억 1500만 달러의 비용 절감을 발생시켰다. 경영진은 2025 회계 연도 말까지 10억달러 상당의 비용 절감을 실현할 것으로 예상되는 가운데 있는 것으로 보인다.

캠벨 수프(CPB)는 브랜드 강도를 바탕으로 회복력을 과시

The Chefs' Warehouse, Inc. - Common Stock

The Chefs' Warehouse Inc

<p>As of Jan. 16, 2025, two stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to<a href="https://pro.benzinga.com/"> Benzinga Pro</a>. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>Chefs&#8217; Warehouse Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>)</strong></h3>
<ul>
<li>On Jan. 13, Chefs&#8217; Warehouse announced FY25 outlook, seeing net sales of $3.94 billion to $4.04 billion and adjusted EBITDA of $233 million to $246 million. The company's stock surged around 7% over the past month and has a <a href="https://www.benzinga.com/quote/CHEF">52-week high of $53.31</a>.</li>
<li><strong>RSI Value:</strong> 77.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>CHEF Price Action:</strong> Shares of Chefs&#8217; Warehouse gained 1.9% to close at $52.59 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Walgreens Boots Alliance Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)</strong></h3>
<ul>
<li>On Jan. 10, Walgreens Boots Alliance reported better-than-expected quarterly financial results. Walgreens Boots Alliance maintains fiscal 2025 adjusted EPS guidance of $1.40 – $1.80 versus the consensus of $1.52. The company expects growth in U.S. Healthcare and International offset by pressure in U.S. Retail Pharmacy largely driven by weaker retail front end performance. The company's stock gained around 32% over the past five days and<a href="https://www.benzinga.com/quote/WBA"> has a 52-week high</a> of $23.76.</li>
<li><strong>RSI Value:</strong> 74.5</li>
<li><strong>WBA Price Action:</strong> Shares of Walgreens gained 2.4% to close at $12.53 on Wednesday.</li>
</ul>
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Short Ideas

Pre-Market Outlook

Top 2 Risk Off Stocks You May Want To Dump This Quarter

<p>Chefs' Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th align="right"><strong>Bullish</strong></th>
<th align="right"><strong>Somewhat Bullish</strong></th>
<th align="right"><strong>Indifferent</strong></th>
<th align="right"><strong>Somewhat Bearish</strong></th>
<th align="right"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $58.25, with a high estimate of $60.00 and a low estimate of $55.00. Witnessing a positive shift, the current average has risen by 11.48% from the previous average price target of $52.25.</p>
<p><img src="https://www.benzinga.com/files/images/story/2025/1736967664_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>The standing of Chefs' Warehouse among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andy Barish</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Alexander Slagle</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$58.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Ben Klieve</td>
<td>Lake Street</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Kelly Bania</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Chefs' Warehouse. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Chefs' Warehouse compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of Chefs' Warehouse's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Chefs' Warehouse's market position. Stay informed and make well-informed decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/CHEF/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Chefs' Warehouse analyst ratings.</strong></a></p>
<h2>Delving into Chefs' Warehouse's Background</h2>
<p>The Chefs' Warehouse Inc is a specialty food distributor in metropolitan areas across the United States and Canada. The company's product portfolio is comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. The Chefs' Warehouse operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, mid and west coasts of the U.S. The company provides service to restaurants, clubs, hotels, caterers, schools, bakeries, casinos and speciality food stores.</p>
<h3>Chefs' Warehouse's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Chefs' Warehouse showcased positive performance, achieving a revenue growth rate of <strong>5.63%</strong> as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>1.51%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>2.99%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Chefs' Warehouse's ROA excels beyond industry benchmarks, reaching <strong>0.81%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Chefs' Warehouse's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>1.93</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
<p>Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights"><strong>Click here for urgent details</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Assessing Chefs' Warehouse: Insights From 4 Financial Analysts

<p>Jefferies  analyst Andy Barish   maintains Chefs' Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) with a Buy and raises the price target from $58 to $60.</p>


Price Target

Jefferies Maintains Buy on Chefs' Warehouse, Raises Price Target to $60

<p>The Chefs' Warehouse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) (the "Company" or "Chefs'"), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today announced its preliminary outlook for fiscal year 2025.</p>
<p>Based on current trends in the business, the Company is providing the following financial guidance for fiscal year 2025:</p>
<ul>
<li>Net sales in the range of $3.94 billion and $4.04 billion;</li>
<li>Gross profit to be between $951 million and $976 million; and</li>
<li>Adjusted EBITDA, a non-GAAP measure, to be between $233 million and $246 million.<br /><br />&nbsp;</li>
</ul>
<p>The Company's full year diluted share count is forecasted to be between 46.3 and 47.0 million&nbsp;shares and assumes no future share repurchases. The Company expects its senior convertible notes due in 2028 to be dilutive for the full year and accordingly, has included in the forecasted fully diluted share count approximately 6.5 million shares that could be issued upon conversion of the notes.</p>


Guidance

Chefs' Warehouse Announces FY25 Outlook, Sees Net Sales $3.94B-$4.04B, Gross Profit $951M-$976M, Adjusted EBITDA $233M-$246M

<p>Lake Street  analyst Ben Klieve   maintains Chefs' Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) with a Buy and raises the price target from $48 to $60.</p>


Lake Street Maintains Buy on Chefs' Warehouse, Raises Price Target to $60

<p>BMO Capital  analyst Kelly Bania   maintains Chefs' Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) with a Outperform and raises the price target from $50 to $55.</p>


BMO Capital Maintains Outperform on Chefs' Warehouse, Raises Price Target to $55

<p><strong>2024 Guidance</strong></p>
<p>We are providing fiscal 2024 full year financial guidance as follows:</p>
<ul>
<li>Net sales in the range of $3.710 billion to $3.775 billion,</li>
<li>Gross profit to be between $890.0 million and $906.0 million and</li>
<li>Adjusted EBITDA to be between $210.0 million and $219.0 million.</li>
</ul>


The Chefs' Warehouse Sees FY24 Revenue Of $3.710B-$3.775B (Prior $3.665B - $3.785B) Vs. $3.77B Est.

Earnings

Earnings Beats

Earnings Misses

The Chefs' Warehouse Q3 2024 Adj. EPS $0.36 Beats $0.34 Estimate, Sales $931.452M Miss $936.292M Estimate

<p><strong>Helen of Troy Limited</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hele#NASDAQ">HELE</a>) posted second-quarter fiscal 2025 results, wherein both the top and bottom lines declined year over year. However, both metrics beat the Zacks Consensus Estimate.</p>
<p>During the quarter, management advanced its long-term strategies by strengthening the core business and reshaping the growth portfolio. Despite ongoing macroeconomic challenges, the company achieved early success with its &#39;Reset and Revitalize&#39; initiative, driven by stronger brand fundamentals, refined marketing and innovation efforts and expanded distribution.</p>
<h2>HELE&#39;s Q2 in Detail</h2>
<p>Adjusted earnings of $1.21 per share surpassed the Zacks Consensus Estimate of $1.08, delivering a positive surprise of around 12%. However, the bottom line declined 30.5% year over year due to reduced adjusted operating income and higher tax rates. These were somewhat countered by lower interest expenses and shares outstanding.</p>
<div class="chart_embed">
<h3>Helen of Troy Limited Price, Consensus and EPS Surprise</h3>
<p><img alt="Helen of Troy Limited Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/05/1728481189.png" style="height:265px; width:576px" title="" /></p>
<p>Helen of Troy Limited price-consensus-eps-surprise-chart | Helen of Troy Limited Quote</p>
<p>Consolidated net sales of $474.2 million came ahead of the Zacks Consensus Estimate of $457 million. However, the metric fell 3.5% from the year-ago quarter&#39;s tally. This downtick was caused by reduced sales of hair appliances, humidifiers and air purifiers in the Beauty &amp; Wellness unit. This was partly compensated by growth in the home and insulated beverageware categories in the Home &amp; Outdoor segment. The decline in net sales was also partly mitigated by international expansion and increased sales of fans and thermometers within the Beauty &amp; Wellness category.</p>
<p>The consolidated gross profit margin contracted 110 basis points (bps) to 45.6% due to less favorable product and customer mixes within the Home &amp; Outdoor unit, partly made up by reduced commodity and product costs resulting from Project Pegasus initiatives.</p>
<p>The consolidated SG&amp;A ratio increased 140 basis points (bps) to 37.9%. The rise in such costs was due to increased spending on marketing, partly offset by reduced personnel costs.</p>
<p>The adjusted operating income declined 25.5% to $46.4 million, with the adjusted operating margin contracting 290 bps to 9.8%. Our model suggested an adjusted operating margin contraction of 360 bps.</p>
</div>
<h2>HELE&#39;s Segmental Performance</h2>
<p>Net sales in the <strong>Home &amp; Outdoor</strong> segment rose 0.8% to $241.9 million, fueled by greater insulated beverageware category sales and international sales. These were countered by weaker consumer demand, reduced replenishment orders from retail customers, and continued sluggishness in technical packs and related accessories.</p>
<p>Net sales in the <strong>Beauty &amp; Wellness</strong> segment declined 7.7% to $232.3 million. The decline was mainly caused by reduced sales of hair appliances stemming from softer consumer demand, changes in consumer spending habits and increased competition. Lower sales of humidifiers and air purifiers were due to lower orders from retail customers. There was also a decrease in water filtration product revenues due to the expiration of a licensing agreement. Nevertheless, these challenges were partly balanced by an increase in fan and thermometer sales. We expected Beauty &amp; Wellness net sales to decline 6.8% in the second quarter.</p>
<h2>Other Details</h2>
<p>Helen of Troy ended the quarter with cash and cash equivalents of $20.1 million and total short and long-term debt of $713.2 million. Net cash provided by operating activities for the first six months of fiscal 2025 was $69.9 million.&nbsp; The free cash flow for the same period was $55.9 million.</p>
<h2>What to Expect From HELE in FY25?</h2>
<p>For fiscal 2025, HELE anticipates consolidated net sales revenues to range between $1.885 billion and $1.935 billion, indicating a decline of 6% to 3.5% year over year. This sales outlook reflects ongoing concerns about persistent inflation and continued softness in consumer spending, particularly in certain discretionary product categories. The forecast also considers anticipated challenges in operational performance at the Tennessee distribution facility, along with heightened macroeconomic uncertainty. Management also anticipates a more competitive promotional environment and increased vigilance from retailers in managing their inventory levels.</p>
<p>In the Home &amp; Outdoor segment, net sales growth is now expected to range between a 2.3% decline and 1.4% growth compared to the earlier view of a 3-1% decline. The revised guidance includes shipping disruption impacts in the company&#39;s Tennessee distribution facility.</p>
<p>For the Beauty &amp; Wellness segment, net sales are projected to decline 9-7.5% now compared with an 8-5% decline expected before.</p>
<p>The company still envisions fiscal 2025 adjusted EPS to range from $7.00 to $7.50, indicating a decline of 15.8% to 21.4%. It expects adjusted EBITDA in the range of $287-$297 million, suggesting a fall of 11.8-14.6%. GAAP EPS is still expected between $4.69 and $5.45 in fiscal 2025.</p>
<p>The free cash flow is expected in the band of $180-$200 million now, down from the earlier view of $220-$240 million.</p>
<p>For the third quarter of fiscal 2025, the company expects sales to decline 1-4.5%. Management anticipates adjusted EPS to decline by 3-10% in the fiscal third quarter.</p>
<p>Shares of this Zacks Rank #3 (Hold) company have risen 1% in the past three months compared to the industry&#39;s 12.1% decline.</p>
<h2>Three Staple Stocks Worth Betting On</h2>
<p><strong>The Chef&#39;s Warehouse</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), which engages in the distribution of specialty food products, currently carries a Zacks Rank #2 (Buy).</p>
<p>CHEF has a trailing four-quarter earnings surprise of 33.7%, on average. The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.</p>
<p><strong>Flowers Foods</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flo#NYSE">FLO</a>), a packaged bakery food company, currently carries a Zacks Rank #2. FLO has a trailing four-quarter earnings surprise of 1.9%, on average.</p>
<p>The Zacks Consensus Estimate for Flowers Foods&#39; current financial-year sales and earnings implies growth of around 1% and 5%, respectively, from the year-ago reported numbers.</p>
<p><strong>McCormick </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkc#NYSE">MKC</a>) is a leading manufacturer, marketer and distributor of spices, seasonings, specialty foods and flavors. It currently carries a Zacks Rank of 2.</p>
<p>The Zacks Consensus Estimate for McCormick &amp; Company&#39;s current fiscal-year earnings indicates an advancement of 5.9% from the year-ago reported figures. MKC has a trailing four-quarter earnings surprise of 13.8%, on average.</p>
<p><a href="https://www.zacks.com/stock/news/2348407/helen-of-troy-q2-earnings-top-beauty-wellness-sales-decline-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2348407">To read this article on Zacks.com click here.</a></p>


Large Cap

Macro Economic Events

Mid Cap

Retail Sales

Management

Economics

HELE

Helen of Troy Q2 Earnings Top, Beauty & Wellness Sales Decline Y/Y

<p><strong>PepsiCo, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>) benefits from strength in core categories, diversified portfolio, modernized supply chain, improved digital capabilities and flexible go-to-market distribution systems. In the latest revelation, the company has agreed to buy Garza Food Ventures LLC, dba Siete Foods (Siete), worth $1.2 billion.</p>
<h2>More on PEP&#39;s Latest Transaction</h2>
<p>Founded 10 years back, Siete offers Mexican-American food. This deal looks forward to complementing PepsiCo&#39;s portfolio by adding this attractive Mexican-American brand, apart from expanding the better-for-you offerings.</p>
<p>The deal will add new heritage-inspired Siete products to PepsiCo&#39;s portfolio. Siete makes authentic tortillas, salsas, seasonings, sauces, cookies and snacks, among others. Its products are available in grocery stores, club stores and organic food retailers mainly in the United States.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/29/79976.jpg?v=1932505363" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>Hence, PepsiCo is quite excited to carry forward the legacy of the Garza family. Management looks to create and expand PEP&#39;s multicultural portfolio with the incredible food offerings of Siete. This will further strengthen its snacking category and enable it to reach out to more consumers with Siete&#39;s authentic food offerings.</p>
<h2>PepsiCo&#39;s Other Notable Efforts</h2>
<p>PepsiCo&#39;s robust strategies position it well for growth ahead. The company is focused on boosting greater efficiency by reducing costs and investing these savings back to develop scale and core capabilities. PEP expects to achieve the productivity goal through savings generated from restructuring actions. Such actions aim at further simplifying, synchronizing and automating processes.</p>
<p>The company also concentrates on holistic cost-management initiatives to boost productivity. It uses these savings to mitigate cost inflation and prioritize investments in its brands as well as for innovation and channel expansion. Such cost-management initiatives have been aiding PEP&#39;s margins for a while. In addition, it has been reinforcing its international footprint.</p>
<h2>PEP&#39;s Performance</h2>
<p>Shares of this beverage giant have gained 6.2% in the past three months compared with the industry&#39;s 9.2% growth. The company has been facing challenges in its North American operations since the start of 2024, affecting its overall sales performance.</p>
<p>Nevertheless, the aforesaid transaction, coupled with its robust strategic efforts, will likely boost this Zacks Rank #3 (Hold) company&#39;s performance.</p>
<h2>Stocks to Consider</h2>
<p><strong>The Chef&#39;s Warehouse</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), which is a distributor of specialty food products in the United States, currently sports a Zacks Rank #1 (Strong Buy).</p>
<p>CHEF has a trailing four-quarter earnings surprise of 33.7%, on average.</p>
<p>The Zacks Consensus Estimate for CHEF&#39;s current financial-year sales and earnings per share indicates growth of 9.7% and 12.6%, respectively, from the year-ago numbers.</p>
<p><strong>Flowers Foods</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flo#NYSE">FLO</a>) offers baked items and has a Zacks Rank # 2 (Buy) at present. FLO has a trailing four-quarter average earnings surprise of 1.9%.</p>
<p>The Zacks Consensus Estimate for Flowers Foods&#39; current financial-year sales and EPS implies growth of 1% and 5%, respectively, from the year-ago numbers.</p>
<p><strong>Nomad Foods</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nomd#NYSE">NOMD</a>), which manufactures frozen foods, currently carries a Zacks Rank of 2. NOMD has a trailing four-quarter earnings surprise of 3.1%, on average.</p>
<p>The Zacks Consensus Estimate for Nomad Foods&#39; current financial-year sales and EPS indicates growth of 4.3% and 12.6%, respectively, from the year-ago numbers.</p>
<p><a href="https://www.zacks.com/stock/news/2344987/pepsico-to-buy-siete-in-a-1-2b-deal-will-it-boost-the-stock?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2344987">To read this article on Zacks.com click here.</a></p>


Offerings

NOMD

PepsiCo to Buy Siete in a $1.2B Deal: Will it Boost the Stock?

<p><strong>The Kraft Heinz Company </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/khc#NASDAQ">KHC</a>) is demonstrating resilience in a tough economic landscape thanks to its effective pricing strategies. In second-quarter 2024, KHC reported an adjusted gross profit of $2,296 million, up 2.5% year over year. The upside highlights the company&#39;s ability to maintain robust profit margins, even as inflationary pressures persist. With its adjusted gross margin expanding 210 basis points (bps) to 35.5%, the company is proving that it can navigate a challenging consumer environment while generating profits.</p>
<p>However, the company&#39;s growth is not without hurdles. In spite of bright spots in its three core segments &mdash; Foodservice, Emerging Markets and U.S. Retail Grow platforms &mdash; KHC is battling shifts in consumer behavior and declining demand for certain products. As we explore Kraft Heinz&#39;s strategies and challenges, it becomes clear that the company is at a critical juncture.</p>
<h2>KHC Navigating Inflation and Boosting Margins</h2>
<p>The ability to implement successful pricing strategies played a pivotal role in its performance. In the second quarter, the company&#39;s pricing moved up 1 percentage point, driven by higher pricing in the North America and Emerging Markets segments. Its focus on adjusting prices in response to rising input costs has paid off, as seen in its improved adjusted operating income &mdash; rising 2% to $1,380 million in the quarter. The uptick not only reflects the benefits of improved pricing but also projects KHC&#39;s proactive stance in managing costs.</p>
<p>KHC&#39;s strategic initiatives have also contributed to margin improvement. The introduction of its Agile@Scale program aims to enhance operational agility, resulting in a notable 190-bps increase in gross profit margin during the first half of 2024. By collaborating with technology partners and increasing research and development investments, KHC is poised to innovate and respond to evolving consumer preferences, particularly in the wellness and plant-based sectors.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b3/79961.jpg?v=836828920" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Expansion and Growth Opportunities for KHC</h2>
<p>Kraft Heinz&#39;s growth strategy hinges on its three key segments. In North America, the ACCELERATE platforms are projected to achieve an annual growth rate of 4% over the next decade. Brands such as Heinz and Ore-Ida are driving this momentum through strategic investments and product innovations. Although challenges exist in Emerging Markets &mdash; most notable in China and Brazil &mdash; Kraft Heinz still managed to post high single-digit growth in the second quarter. In Global Away From Home, its plant resumed operations and the company is successfully expanding into new business areas and non-commercial channels.</p>
<p>The company&#39;s expansion efforts are also global. By bringing successful North American solutions to international markets, Kraft Heinz aims to capture a broader consumer base. Its commitment to innovation is evident in its product pipeline, which contributed to organic net sales. However, as consumer preferences shift, the company must remain agile to adapt to these trends.</p>
<h2>Challenges Linger Amid Positive Developments</h2>
<p>Despite its strategic advantages, Kraft Heinz faces several headwinds. The current consumer landscape is characterized by slow income growth and persistent inflation, factors that have dampened consumer sentiment. In fact, the company registered a 2.4% decline in organic net sales in the second quarter, thanks to lower demand for products like Lunchables.</p>
<p>The downturn is particularly pronounced in North America, where organic net sales fell 2.9%. Internationally, developed markets fared even worse, with a 3.9% decline. These results prompted the company to revise its expectations for organic net sales in 2024, now anticipating a decline of 2% to remain flat.</p>
<h2>Volume Declines and Currency Risks Hurt KHC</h2>
<p>Kraft Heinz&#39;s struggles extend beyond declining sales &mdash; the company also experienced a 3.4 percentage point decline in volume/mix in the second quarter, particularly in North America and developed markets. This trend raises concerns about the sustainability of profitability in the long run. KHC&#39;s extensive international operations expose it to risks from adverse currency fluctuations, which negatively impacted net sales by 1 percentage point in the second quarter.</p>
<h2>Conclusion: A Critical Crossroads for Kraft Heinz</h2>
<p>Kraft Heinz stands at a critical crossroads. While the company has demonstrated solid pricing strategies and maintained strong brand performance, significant challenges loom. The declining consumer demand and operational difficulties present hurdles that could impede future growth. As investors monitor Kraft Heinz&#39;s journey, it will be essential to watch how the company navigates these complexities and capitalizes on its strengths in the coming quarters. At present, Kraft Heinz carries a Zacks Rank of #3 (Hold).</p>
<p>KHC&#39;s stock has increased 9.6% in the past three months compared with the industry&#39;s 8.8% growth.</p>
<h2>Some Better-Ranked Staple Bets</h2>
<p>Here, we have highlighted three top-ranked food stocks &mdash; <strong>The Chef&#39;s Warehouse</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), <strong>Flowers Foods</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flo#NYSE">FLO</a>) and McCormick &amp; Company, Inc.</p>
<p>The Chef&#39;s Warehouse, which distributes specialty food products, currently carries a Zacks Rank #2 (Buy).</p>
<p>CHEF has a trailing four-quarter earnings surprise of 33.7%, on average. The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings each indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.</p>
<p>Flowers Foods, one of the largest producers of packaged bakery foods in the United States, currently carries a Zacks Rank #2. FLO has a trailing four-quarter earnings surprise of 1.9%, on average. The Zacks Consensus Estimate for Flowers Foods&#39; current financial-year sales and earnings implies growth of around 1% and 5%, respectively, from the year-ago reported numbers.</p>
<p>McCormick is a leading manufacturer, marketer and distributor of spices, seasonings, specialty foods and flavors. It currently carries a Zacks Rank of 2. The Zacks Consensus Estimate for McCormick &amp; Company&#39;s current fiscal-year sales and earnings indicates advancements of 0.2% and 5.6%, respectively, from the year-ago reported figures. MKC has a trailing four-quarter earnings surprise of 8.3%, on average.</p>
<p><a href="https://www.zacks.com/stock/news/2344659/is-khc-s-pricing-strategy-enough-to-sustain-growth-amid-challenges?cid=CS-BENZ-FT-analyst_blog|rank_focused-2344659">To read this article on Zacks.com click here.</a></p>


Emerging Markets

Is KHC's Pricing Strategy Enough to Sustain Growth Amid Challenges?

<p><strong>McCormick &amp; Company, Incorporated</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkc#NYSE">MKC</a>) reported solid third-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate, and earnings increased year over year.</p>
<p>The company achieved a significant milestone by delivering overall global positive volume growth in the quarter, indicating improving trends across both business segments. The momentum is expected to carry into the fourth quarter. In the Consumer segment, MKC recorded solid volume growth despite facing a challenging macroeconomic environment in China. Meanwhile, in the Flavor Solutions segment, sequential volume improvements were realized, driven by strong growth in Branded Foodservice.</p>
<p>Management continues to bolster its position across major markets and core categories by focusing on growth levers such as brand marketing, product and packaging innovation, category management and proprietary technology. The company expects its cost-saving initiatives to help fund future investments and drive operating margin expansion. The year-to-date results, combined with strategic growth plans, reinforce confidence in achieving the mid-to-high range of projected sales growth for 2024.</p>
<div class="chart_embed">
<h3>McCormick &amp; Company, Incorporated Price, Consensus and EPS Surprise<br />
<img alt="McCormick &amp; Company, Incorporated Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/ae/1727790166.png" style="height:265px; width:576px" title="" /></h3>
<p>McCormick &amp; Company, Incorporated price-consensus-eps-surprise-chart | McCormick &amp; Company, Incorporated Quote</p>
</div>
<h2>MKC&#39;s Quarterly Performance: Key Metrics and Insights</h2>
<p>Adjusted earnings of 83 cents per share increased from 65 cents reported in the year-ago quarter. The metric came above the Zacks Consensus Estimate of 68 cents per share, representing a surprise of 22.1%. The year-over-year upside can be attributed to greater operating profit, the timing of a specific tax benefit and increased income from unconsolidated operations, fueled by robust performance from McCormick de Mexico, the company&#39;s largest joint venture.</p>
<p>This global leader in flavor generated sales of $1,679.8 million, flat year over year, including minimum impacts from currency movements. Impacts from the company&#39;s strategic decision to divest its canning business were offset by a 1% increase in volume backed by the Consumer segment, somewhat negated by pricing. The top line exceeded the Zacks Consensus Estimate of $1,664 million.</p>
<p>McCormick&#39;s gross profit margin expanded 170 basis points. The upside can be attributed to improved mix and cost savings from the Comprehensive Continuous Improvement&nbsp;program.</p>
<p>The adjusted operating income came in at $288 million, up 15% year over year, reflecting gross margin expansion and reduced SG&amp;A expenses.</p>
<h2>Decoding MKC&#39;s Segmental Performance</h2>
<p><strong>Consumer:</strong> Sales remained flat year over year at $937.4 million, with a negligible impact on currency movements. Sales were hurt by a 1% decline from pricing actions, offset by 1% volume growth. Volume growth in the Americas and the Europe, Middle East, and Africa (&quot;EMEA&quot;) regions was partly negated by declines in the Asia-Pacific region (APAC). Sales remained flat year over year in the Americas while moving up 3% in the EMEA region. Segment sales dipped 1% in the APAC.</p>
<p><strong>Flavor Solutions: </strong>Sales in the segment inched down 1% to $742.4 million. On a constant-currency basis, sales were flat year over year as a 1% rise in pricing was countered by the company&#39;s strategic move to sell off its canning business. Flavor Solutions&#39; sales in the Americas grew 2%. Flavor Solutions&#39; sales in the EMEA fell by 8%. Sales in the APAC market fell 1% year over year.</p>
<h2>MKC&#39;s Financial Health Snapshot</h2>
<p>McCormick exited the quarter with cash and cash equivalents of $200.8 million, long-term debt of $3,343.1 million and total shareholders&#39; equity of $5,451 million. In the nine months ended Aug. 31, 2024, net cash provided by operating activities was $463.2 million.</p>
<h2>What to Expect From MKC in 2024?</h2>
<p>For fiscal 2024, McCormick is focused on strengthening its volume trends and prioritizing investments to fuel profits. The company&#39;s CCI and Global Operating Effectiveness programs are driving growth investments and operating margin expansion. Management anticipates currency movements to have a minimal impact on 2024 results.</p>
<p>For 2024, management expects sales to range between a 1% decline and 1% growth, including minimal currency impacts. The company anticipates witnessing a favorable impact of pricing actions undertaken in the prior year. Volume trends are likely to improve due to solid brands and targeted investments. However, its decision to discontinue the low-margin business and sell the canning business is likely to put some pressure on volume during 2024.</p>
<p>Management expects adjusted operating income to grow 4-6%, including minimal currency impacts. This is likely to be driven by gross margin expansion, somewhat offset by a major rise in brand marketing investments.</p>
<p>Management envisions 2024 adjusted EPS in the band of $2.85-$2.90, which suggests a 5-7% increase from the year-ago period, including minimal currency impacts. On a GAAP basis, McCormick projects 2024 earnings in the range of $2.81- $2.86 per share compared with the year-ago period figure of $2.52.</p>
<p>This Zacks Rank #2 (Buy) stock has rallied 17.2% in the past three months compared with the industry&#39;s growth of 8.8%.</p>
<h2>Other Top Staple Stocks</h2>
<p>Here, we have highlighted three other top-ranked consumer staple stocks &mdash; <strong>The Chef&#39;s Warehouse</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), <strong>Flowers Foods </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flo#NYSE">FLO</a>) and <strong>Kimberly-Clark Corporation</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmb#NYSE">KMB</a>).</p>
<p>The Chef&#39;s Warehouse, which engages in the distribution of specialty food products, currently sports a Zacks Rank #1 (Strong Buy).</p>
<p>CHEF has a trailing four-quarter earnings surprise of 33.7%, on average. The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.</p>
<p>Flowers Foods, one of the largest producers of packaged bakery foods in the United States, currently carries a Zacks Rank #2. FLO has a trailing four-quarter earnings surprise of 1.9%, on average.</p>
<p>The Zacks Consensus Estimate for Flowers Foods&#39; current financial-year sales and earnings implies growth of around 1% and 5%, respectively, from the year-ago reported numbers.</p>
<p>Kimberly-Clark is a personal care and consumer tissue product company that currently carries a Zacks Rank of 2.</p>
<p>The Zacks Consensus Estimate for Kimberly-Clark&#39;s current fiscal-year earnings indicates an advancement of 10.4% from the year-ago reported figure. KMB has a trailing four-quarter earnings surprise of 12.6%, on average.</p>
<p><a href="https://www.zacks.com/stock/news/2344136/mccormick-q3-earnings-top-estimates-mkc-volumes-improve-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2344136">To read this article on Zacks.com click here.</a></p>


McCormick Q3 Earnings Top Estimates, MKC Volumes Improve Y/Y

<p>Jefferies  analyst Alexander Slagle   maintains Chefs' Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) with a Buy and raises the price target from $51 to $53.</p>


Jefferies Maintains Buy on Chefs' Warehouse, Raises Price Target to $53

<p><strong>Post Holdings, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/post#NYSE">POST</a>) is propelled by strategic initiatives amid a volatile consumer landscape marked by inflation, evolving preferences, and heightened competition in the staples sector. The company&#39;s established brand presence enables it to maintain a stable market position in the sector known for steady demand, as consumer staples are essential in daily life.</p>
<p>A major factor behind this success was the Post Consumer Brands segment, which experienced a 15.7% year-over-year increase in net sales, largely driven by $428.9 million from acquisitions.</p>
<p>Over the past three months, POST&#39;s stock has gained 12%, outpacing the industry&#39;s growth of 7.3%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/5a/77012.jpg?v=1344778609" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Factors Driving Post Holdings&#39; Momentum</h2>
<p>Post Holdings has been capitalizing on strategic pricing actions to offset inflationary pressures, a trend that persisted in the third quarter of fiscal 2024. The company&#39;s top and bottom lines experienced growth, driven by higher average net selling prices, particularly in the Post Consumer Brands segment. This pricing strategy has played a critical role in bolstering the company&#39;s performance and is likely to remain a key driver of growth in the coming quarters.</p>
<p>Moving on to the Weetabix segment, it recorded notable growth of 1.4% in net sales, supported by the Deeside acquisition and a modest foreign currency tailwind of 80 basis points from a stronger British pound. This growth reflects the positive impact of strategic acquisitions and favorable currency movements.</p>
<p>Strategic acquisitions have been crucial for Post Holdings in broadening its market reach and solidifying its market position. In December 2023, Post Holdings acquired Perfection Pet, integrating it into its Post Consumer Brands segment. Additionally, on April 28, 2023, Post Holdings acquired a select pet food brand from The J.M. Smucker Co. This acquisition provides Post Holdings with a strategic entry into the burgeoning and lucrative pet food market, enhancing its presence in this growing category.</p>
<p>The third quarter of 2024 was marked by strong sales of branded and big cereal products, notable outperformance in the pet category against our underwriting case, and a substantial improvement in the value-added egg mix. It is envisioned that these favorable trends will continue throughout fiscal 2025.</p>
<h2>POST Faces Some Concerns in the Near Term</h2>
<p>Post Holdings has experienced a rise in SG&amp;A costs over recent quarters. In the third quarter of fiscal 2024, SG&amp;A expenses grew by 7.8%. This increase was due to ongoing targeted marketing investments in retail businesses. This increase was significantly influenced by the inclusion of Pet Food in the company&#39;s portfolio.</p>
<p>The Refrigerated Retail segment of Post Holdings reported a 7.1% decrease in net sales in the third quarter of fiscal 2024. Volumes decreased by 0.5%, and average net prices dropped due to increased trade promotions and a portfolio shift towards dinner sides. Adjusted EBITDA decreased by 37%, impacted by lower net pricing and higher selling costs.</p>
<p>While Post Holdings has demonstrated strong performance in certain areas, such as strategic pricing and acquisitions, challenges persist in segments like Refrigerated Retail. Maintaining positions in the stock appears prudent as it allows investors to stay engaged with the company while monitoring its ability to address current challenges and capitalize on growth opportunities.</p>
<p>Post Holdings currently carries a Zacks Rank #3 (Hold).</p>
<h2>3 Staple Stocks to Consider</h2>
<p>Here, we have highlighted three better-ranked food stocks, namely,<strong> The Chef&#39;s Warehouse </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), <strong>Pilgrim&#39;s Pride</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) and<strong> Ollie&#39;s Bargain Outlet </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/olli#NASDAQ">OLLI</a>).</p>
<p>The Chef&#39;s Warehouse, which engages in the distribution of specialty food products, currently sports a Zacks Rank #1 (Strong Buy).</p>
<p>CHEF has a trailing four-quarter earnings surprise of 33.7%, on average. The Zacks Consensus Estimated figure for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.</p>
<p>Pilgrim&#39;s Pride, which produces, processes, markets and distributes fresh, frozen and value-added chicken and pork products, currently sports a Zacks Rank #1. PPC delivered a positive earnings surprise of 27.3% in the trailing four quarters, on average.</p>
<p>The Zacks Consensus Estimated figure for Pilgrim&#39;s Pride&#39;s current financial-year earnings indicates growth of 183.43%, respectively, from the prior-year reported level.</p>
<p>Ollie&#39;s Bargain, the extreme-value retailer of brand-name merchandise, currently carries a Zacks Rank #2 (Buy). OLLI has a trailing four-quarter earnings surprise of 7.9%, on average.</p>
<p>The Zacks Consensus Estimated figure for Ollie&#39;s Bargain&#39;s current financial-year sales and earnings indicates a rise of around 8.7% and 12.71%, respectively, from the year-earlier levels.</p>
<p><a href="https://www.zacks.com/stock/news/2333524/post-holdings-drives-growth-with-strategic-moves-and-strong-brands?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333524">To read this article on Zacks.com click here.</a></p>


OLLI

POST

Post Holdings Drives Growth With Strategic Moves and Strong Brands

<p><strong>The Hain Celestial Group, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hain#NASDAQ">HAIN</a>) posted fourth-quarter fiscal 2024 results, with the top line declining year over year but surpassing the Zacks Consensus Estimate. The bottom line rose year over year and beat the consensus mark.</p>
<p>The fiscal 2024 marked a pivotal year for the company&#39;s Hain Reimagined strategy, during which it made significant strides in simplifying its operations and driving growth. The transition to a global operating model helped reduce geographic complexity, enhance scale and foster a performance-driven, values-based culture. Looking ahead to the fiscal 2025, HAIN plans to focus on commercial execution to boost both top- and bottom-line growth. Management remains confident in the Hain Reimagined strategy, emphasizing the strength of the company&#39;s diversified portfolio and global footprint.</p>
<h2>More on Hain Celestial&#39;s Q4 Financial Results</h2>
<p>HAIN posted adjusted earnings of 13 cents per share, outpacing the Zacks Consensus Estimate of 8 cents. The bottom line increased from adjusted earnings of 11 cents reported in the year-ago quarter.</p>
<p>Net sales of $419 million beat the consensus estimate of $418.2 million. The top line declined 6% year over year. Organic sales fell 4% from the year-ago quarter&#39;s reported figure.</p>
<div class="chart_embed">
<h3>The Hain Celestial Group, Inc. Price, Consensus and EPS Surprise</h3>
<p><img alt="The Hain Celestial Group, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/1f/1724768862.png" style="height:268px; width:570px" title="" /></p>
<p>The Hain Celestial Group, Inc. price-consensus-eps-surprise-chart | The Hain Celestial Group, Inc. Quote</p>
<p>The adjusted gross profit of almost $98 million fell 3.7% from the year-ago quarter&#39;s figure. In comparison, the adjusted gross margin expanded 70 basis points (bps) from the year-ago quarter&#39;s reported figure to 23.4%. We had expected the adjusted gross margin to expand 40 bps to 23.1%.</p>
</div>
<p>SG&amp;A expenses came in at $72.3 million, up from $66.9 million reported in the year-ago quarter.</p>
<p>Adjusted EBITDA stood at $40 million down from $44 million reported in the year-ago quarter&#39;s reported figure. The adjusted EBITDA margin contracted 30 bps to 9.4%. We had expected an adjusted EBITDA margin contraction of 80 bps to 8.9%.</p>
<h2>HAIN Provides Q4 Revenue &amp; Profit Insights by Segment</h2>
<p>Net sales in the <strong>North America</strong> segment tumbled 8% from the year-ago quarter&#39;s reported figure to $260 million. Segmental organic net sales fell 5% year over year, mainly due to reduced personal care sales, partly owing to portfolio simplification and a decline in infant formula sales within the baby and kids category. This drop was partially offset by growth in the snacks segment. We expected North America&#39;s sales to fall 7.6% to $260.3 million in the reported quarter.</p>
<p>The segment&#39;s adjusted EBITDA amounted to $21 million, down from $27 million reported in the year-ago quarter. Adjusted EBITDA margin in the quarter dropped to 8% from 9.6% reported in the year-ago quarter.</p>
<p>The <strong>International</strong> segment&#39;s net sales fell 4% from the year-ago quarter&#39;s reported figure to $159 million. Segmental organic net sales also fell 4% year over year, primarily due to lower sales in plant-based meat alternatives within the meal prep category and a decline in snacks. The downside was partially offset by growth in the beverages segment. We had anticipated the segment&#39;s sales to decline 6.6% to $155.1 million in the reported quarter.</p>
<p>The segment&#39;s adjusted EBITDA was $27 million, flat year over year. Adjusted EBITDA margin in the quarter expanded 40 bps to 17%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/5e/75586.jpg?v=1083651962" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>HAIN&#39;s Financial Snapshot: Cash, Debt and Equity Overview</h2>
<p>The Zacks Rank #3 (Hold) company ended the reported quarter with cash and cash equivalents of $54.3 million, long-term debt (excluding the current portion) of $736.5 million and total shareholders&#39; equity of $942.9 million.</p>
<p>The company reported cash provided by operating activities of $39 million and a free cash flow of $31 million during the quarter under review.</p>
<h2>What Lies Ahead For Hain Celestial?</h2>
<p>For fiscal 2025, management expects organic net sales to be stable or show improvement year-over-year. Adjusted EBITDA is projected to grow by mid-single digits and gross margin is anticipated to rise by at least 125 basis points. Additionally, the company forecasts generating at least $60 million in free cash flow for the year.</p>
<p>The company&#39;s shares have dropped 3.1% in the past three months against the industry&#39;s 2.4% growth.</p>
<h2>Stocks to Consider</h2>
<p><strong>The Chef&#39;s Warehouse</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), which distributes specialty food products, currently sports a Zacks Rank #1 (Strong Buy). CHEF has a trailing four-quarter earnings surprise of 33.7%, on average.</p>
<p>The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.</p>
<p><strong>Vital Farms</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>) offers a range of produced pasture-raised foods. It currently carries a Zacks Rank #2 (Buy). VITL has a trailing four-quarter earnings surprise of 82.5%, on average.</p>
<p>The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and earnings indicate growth of 26.3% and 88.1%, respectively, from the prior-year reported level.</p>
<p><strong>Nomad Foods</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nomd#NYSE">NOMD</a>), carrying a Zacks Rank #2, manufactures and distributes frozen foods. NOMD has a trailing four-quarter earnings surprise of 3.1%, on average.</p>
<p>The Zacks Consensus Estimate for Nomad Foods&#39; current financial-year sales and earnings indicates growth of 4.3% and 11.5%, respectively, from the prior-year reported level.</p>
<p><a href="https://www.zacks.com/stock/news/2327847/hain-celestial-q4-earnings-top-hain-reimagined-strategy-yields?cid=CS-BENZ-FT-analyst_blog|earnings_article-2327847">To read this article on Zacks.com click here.</a></p>


HAIN

Hain Celestial Q4 Earnings Top, Hain Reimagined Strategy Yields

<p><strong>Ollie&#39;s Bargain Outlet Holdings, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/olli#NASDAQ">OLLI</a>) has taken a significant step forward in its nationwide expansion with the grand opening of its fourth distribution center in Princeton, IL. The new 615,000-square-foot distribution hub is not just a milestone in Ollie&#39;s growth strategy, but a crucial hub that will drive the company&#39;s expansion in the Midwest and support its push westward.</p>
<p>Strategically designed to improve efficiency, the Princeton distribution center will initially serve around 60 stores across nine states. As Ollie&#39;s continues to grow, this center&#39;s reach will extend, ultimately supporting more than 150 stores. The distribution facility, built with an investment of more than $75 million, will not only streamline operations but also bring substantial economic benefits to the local community.</p>
<p>This new distribution center is anticipated to create more than 200 full-time jobs, greatly benefiting the local economy.</p>
<p>As Ollie&#39;s currently operates 525 stores across 31 states with a dedicated team of over 12,000 employees, the company has set its sights on an ambitious goal to open more than 1,300 stores nationwide. The new Princeton distribution center will play a pivotal role in achieving this expansion, serving as a cornerstone of Ollie&#39;s future growth and continued success. This investment in the Illinois distribution center highlights the company&#39;s dedication to providing outstanding value to its customers and fostering economic growth in the areas served.</p>
<h2>What&#39;s More for OLLI?</h2>
<p>Ollie&#39;s has achieved a notable 10.4% CAGR in its store network, growing from 345 stores in fiscal 2019 to 512 in fiscal 2023. The company opened 45 and 40 stores in the past two fiscal years, respectively, and aims to open 50 new stores in fiscal 2024. Its real estate strategy emphasizes flexibility, targeting second-generation sites of 25,000-35,000 square feet with an average initial investment of $1 million.</p>
<p>Furthermore, Ollie&#39;s success story revolves around the business model of &lsquo;buying cheap and selling cheap,&#39; along with its cost-containment strategies, focus on store productivity and the expansion of its customer reward program, Ollie&#39;s Army. The customer loyalty program, Ollie&#39;s Army, significantly enhances Ollie&#39;s competitive edge by increasing customer retention and enticing new shoppers.</p>
<p>This Zacks Rank #2 (Buy) company&#39;s shares have increased 32% in the past three months compared with the industry&#39;s growth of 6%.</p>
<h2><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fd/75091.jpg?v=661246925" /></h2>
<p>Image Source: Zacks Investment Research</p>
<h2>Other Stocks to Consider</h2>
<p>Here, we have highlighted three other top-ranked food stocks, namely, The <strong>Chef&#39;s Warehouse </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), <strong>Pilgrim&#39;s Pride</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) and <strong>Vital Farms</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>).</p>
<p>The Chef&#39;s Warehouse, which engages in the distribution of specialty food products, currently sports a Zacks Rank #1 (Strong Buy). CHEF has a trailing four-quarter earnings surprise of 33.7%, on average.</p>
<p>The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.</p>
<p>Pilgrim&#39;s Pride, which produces, processes, markets and distributes fresh, frozen and value-added chicken and pork products, currently sports a Zacks Rank #1. PPC delivered a positive earnings surprise of 27.3% in the trailing four quarters, on average.</p>
<p>The Zacks Consensus Estimate for Pilgrim&#39;s Pride&#39;s current financial-year earnings indicates growth of 183.43%, respectively, from the prior-year reported level.</p>
<p>Vital Farms offers a range of produced pasture-raised foods. It currently carries a Zacks Rank #2. VITL has a trailing four-quarter average earnings surprise of 82.5%.</p>
<p>The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and earnings indicates growth of 26.3% and 88.1%, respectively, from the prior-year reported level.</p>
<p><a href="https://www.zacks.com/stock/news/2325852/ollie-s-olli-expands-supply-with-new-distribution-hub?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2325852">To read this article on Zacks.com click here.</a></p>


Ollie's Expands Supply With New Distribution Hub

<p><strong>Nu Skin Enterprises, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nus#NYSE">NUS</a>) has not been in its best shape lately, with its shares down 27.7% in the past three months compared with the industry&#39;s 21.3% decline. Additionally, this beauty and wellness product company has trailed the broader Zacks Consumer Staples sector and the S&amp;P 500&#39;s respective growth of 1.2% and 4.2%.</p>
<p>Despite being a prominent player in the beauty and wellness industry, Nu Skin has struggled to navigate a series of macroeconomic headwinds that have dampened consumer spending, particularly on premium products. Additionally, the company has been severely impacted by stronger-than-expected foreign currency fluctuations and ongoing pressures within the direct selling industry, contributing to a disappointing second-quarter 2024 performance.</p>
<p>Considering the company&#39;s first-half 2024 performance and rising foreign exchange headwinds, management tightened the annual guidance range for 2024 in its second-quarter earnings release.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a3/74745.jpg?v=1909197970" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Macroeconomic Hurdles Persist</h3>
<p>Nu Skin has been encountering persistent macroeconomic obstacles, which continued in the second quarter of 2024. The company&#39;s performance was hurt by continuous macroeconomic headwinds across most regions, which weighed on consumer spending and customer acquisition, especially for premium products. Additionally, NUS grappled with pressures in the direct selling industry.</p>
<p>These headwinds, along with foreign adverse currency fluctuations, hurt Nu Skin&#39;s quarterly revenues, which tumbled 12.2% year over year to $439.1 million in the second quarter. On a constant-currency basis, revenues fell 8%.&nbsp; Sales leaders were down 16% year over year to 38,592. Nu Skin&#39;s customer base dropped 14% to 893,514. The company&#39;s paid affiliates were down 17% to 155,486. On an adjusted basis, paid affiliates tumbled 9%.</p>
<h3>Volatile Currency Movements</h3>
<p>Nu Skin&#39;s strong international presence exposes it to the risk of volatile currency movements. Any adverse currency fluctuation is likely to weigh on the company&#39;s operating performance. Nu Skin&#39;s second-quarter 2024 revenues witnessed strong currency headwinds. Revenues included a negative impact of 4.2% from foreign currency fluctuations. The company envisions unfavorable foreign currency impacts of around 4-3% on third-quarter and 2024 revenues.</p>
<h3>Bumpy Road Ahead</h3>
<p>The operating environment for Nu Skin&#39;s core business remains challenging, primarily due to macroeconomic factors and pressures within the direct selling industry. Nu Skin now anticipates revenues in the band of $1.73-$1.81 billion for 2024, which suggests a 12-8% decline from the year-ago period&#39;s reported figure. Earlier, the metric was expected in the range of $1.73-$1.87 billion. Management envisions an adjusted earnings per share of 75-95 cents. The projection suggests a decline from adjusted earnings of $1.85 recorded in 2023. Management had earlier envisioned an adjusted EPS of 95 cents to $1.35 for 2024.</p>
<p>For the third quarter of 2024, the company expects revenues between $430 million and $465 million, which suggests a decline of 14% to 7% from the year-ago quarter&#39;s reported level. NUS expects adjusted earnings in the band of 15-25 cents a share in the third quarter compared with 56 cents recorded in the same period last year.</p>
<h3>Estimates Lose Sheen</h3>
<p>The Zacks Consensus Estimate for 2024 earnings per share has declined from $1.10 to 78 cents over the past 30 days. The consensus estimate for the third-quarter EPS has tumbled from 48 to 20 cents in the same time frame. This downward adjustment reflects a negative sentiment among analysts and suggests potential challenges in achieving projected profitability.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/37/74746.jpg?v=388068093" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Wrapping Up</h3>
<p>Nu Skin is navigating through a turbulent period, with its stock performance reflecting the ongoing macroeconomic and industry-specific challenges. While the company is actively pursuing strategic initiatives to reinvigorate its market presence and drive growth through new product launches and the strength of its Rhyz business, these efforts may take time to bear fruit. In the near term, the combination of persistent headwinds and tighter guidance suggests that Nu Skin faces a difficult road ahead.</p>
<p>Investors should remain cautious, keeping a close eye on how the company manages these challenges and whether its strategic initiatives can offset the current pressures. Nu Skin presently carries a Zacks Rank #5 (Strong Sell).</p>
<h3>Better-Ranked Staple Bets</h3>
<p><strong>The Chef&#39;s Warehouse</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), which distributes specialty food and center-of-the-plate products, has a trailing four-quarter earnings surprise of 33.7%, on average. CHEF currently sports a Zacks Rank #1 (Strong Buy).</p>
<p>The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current financial-year sales and earnings calls for growth of 9.7% and 12.6%, respectively, from the prior-year reported level.</p>
<p><strong>Vital Farms </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>) offers a range of produced pasture-raised foods. It currently carries a Zacks Rank #2 (Buy). VITL has a trailing four-quarter earnings surprise of 82.5%, on average.</p>
<p>The Zacks Consensus Estimate for Vital Farms&#39; current financial-year earnings indicates growth of 72.9% from the year-ago reported numbers.</p>
<p><strong>Nomad Foods</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nomd#NYSE">NOMD</a>), carrying a Zacks Rank #2, manufactures and distributes frozen foods. NOMD has a trailing four-quarter earnings surprise of 3.1%, on average.</p>
<p>The Zacks Consensus Estimate for Nomad Foods&#39; current financial-year sales and earnings implies growth of 4.3% and 11.5%, respectively, from the prior-year reported level.</p>
<p><a href="https://www.zacks.com/stock/news/2324418/nu-skin-nus-down-28-in-3-months-what-s-the-next-best-move?cid=CS-BENZ-FT-analyst_blog|rank_focused-2324418">To read this article on Zacks.com click here.</a></p>


Nu Skin Down 28% in 3 Months: What's the Next Best Move?

<p><strong>Lowe&#39;s Companies, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/low#NYSE">LOW</a>) came up with second-quarter fiscal 2024 results, wherein the top line fell short of the Zacks Consensus Estimate, while the bottom line surpassed the same. This Mooresville, NC-based company experienced a year-over-year decline in both metrics and continued with its trend of dismal comparable sales.</p>
<p>The drop in big-ticket discretionary spending among Do-It-Yourself customers, along with adverse weather affecting seasonal and other outdoor categories, hurt the company&#39;s performance. These challenges, coupled with a difficult macroeconomic backdrop, led management to revise its full-year forecast downward.</p>
<p>On a positive note, Lowe&#39;s Total Home strategy showed continued progress, driven by growth in the Pro segment and online sales. The company achieved mid-single-digit growth in comparable sales with Pro customers.</p>
<h3>Q2 in Detail</h3>
<p>The home improvement retailer posted adjusted quarterly earnings of $4.10 per share, which came ahead of the Zacks Consensus Estimate of $3.96. However, the figure marked a decline from earnings of $4.56 per share reported in the same period last year.</p>
<p>Net sales of $23,586 million missed the Zacks Consensus Estimate of $23,907 million and fell 5.5% year over year. Comparable sales for the quarter declined 5.1%, primarily due to muted demand from DIY customers, partly offset by strength in the Pro segment and online sales. We had expected a comparable sales decline of 4.2%.</p>
<p>The gross profit declined 6% year over year to $7,895 million, whereas the gross margin shrunk 20 basis points to 33.5%. We had expected a gross margin contraction of 40 basis points.</p>
<p>The operating income decreased 11.3% to $3,447 million, while the operating margin shrunk 100 basis points to 14.6%. The company reported an adjusted operating income of $3,404 million and an adjusted operating margin of 14.4%.</p>
<div class="chart_embed">
<h3>Lowe&#39;s Companies, Inc. Price, Consensus and EPS Surprise</h3>
<p><img alt="Lowe's Companies, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/2f/1724159825.png" style="height:265px; width:587px" title="" /></p>
<p>Lowe&#39;s Companies, Inc. price-consensus-eps-surprise-chart | Lowe&#39;s Companies, Inc. Quote</p>
</div>
<h3>Other Financial Aspects</h3>
<p>This Zacks Rank #4 (Sell) company ended the quarter with cash and cash equivalents of $4,360 million, long-term debt (excluding current maturities) of $34,659 million and shareholders&#39; deficit of $13,763 million.</p>
<p>For the six months ended Aug 2, 2024, Lowe&#39;s generated cash flow from operations of $7,415 million. The company executed a buyback of around 4.4 million shares, amounting to $1 billion.</p>
<h3>FY2024 Outlook</h3>
<p>Lowe&#39;s now anticipates total sales in the range of $82.7 billion-$83.2 billion, a downward revision from the prior estimate of $84 to $85 billion. Comparable sales are expected to decline by 3.5% to 4% compared to the prior year, a steeper drop than the earlier forecast of a 2% to 3% decrease.</p>
<p>The adjusted operating margin is projected between 12.4% and 12.5%. This is a slight decrease from the previously guided range of 12.6%-12.7%. The forecast for adjusted earnings per share has been revised to a range of $11.70-$11.90, down from the earlier expectation of $12.00 to $12.30. Management maintained its capital expenditure plan of approximately $2 billion for fiscal 2024.</p>
<h3>Price Performance</h3>
<p>Shares of Lowe&#39;s have risen 6.8% in the past six months compared with the industry&#39;s growth of 0.7%.</p>
<h3>Don&#39;t Miss These Solid Bets</h3>
<p><strong>The Chefs&#39; Warehouse</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>) is a premier distributor of specialty food products in the United States, the Middle East and Canada. It currently sports a Zacks Rank #1 (Strong Buy). CHEF has a trailing four-quarter earnings surprise of 33.7%, on average.</p>
<p>The Zacks Consensus Estimate for Chefs&#39; current financial-year sales and earnings suggests growth of around 9.7% and 12.6%, respectively, from the year-ago reported numbers.</p>
<p><strong>Sprouts Farmers</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfm#NASDAQ">SFM</a>), which is engaged in the retailing of fresh, natural and organic food products, currently sports a Zacks Rank #1. SFM has a trailing four-quarter earnings surprise of 12%, on average.</p>
<p>The Zacks Consensus Estimate for Sprouts Farmers&#39; current financial-year sales and earnings implies growth of around 9.6% and 18.7%, respectively, from the year-ago reported numbers.</p>
<p><strong>BJ&#39;s Wholesale Club</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bj#NYSE">BJ</a>), which operates a membership-only warehouse club chain, currently has a Zacks Rank #2 (Buy). BJ has a trailing four-quarter earnings surprise of 4.5%, on average.&nbsp;</p>
<p>The Zacks Consensus Estimate for BJ&#39;s Wholesale Club&#39;s current financial-year sales suggests growth of 4% from the year-ago reported figure.</p>
<p><a href="https://www.zacks.com/stock/news/2324439/lowe-s-low-q2-earnings-beat-comps-fall-fy24-outlook-cut?cid=CS-BENZ-FT-analyst_blog|earnings_article-2324439">To read this article on Zacks.com click here.</a></p>


Buybacks

Lowe's Q2 Earnings Beat, Comps Fall & FY24 Outlook Cut

<p><strong>The Estee Lauder Companies Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/el#NYSE">EL</a>) reported fourth-quarter fiscal 2024 results, wherein the top and bottom lines increased year over year and beat the respective Zacks Consensus Estimate even amid a tough landscape.</p>
<p>For fiscal 2025, management expects continued sluggishness in the prestige beauty segment in China, mainly due to ongoing weak consumer sentiment. In other areas of the business, the company plans to deliver improved performance across both developed and emerging markets.</p>
<h3>Quarter in Detail</h3>
<p>The company posted adjusted earnings of 64 cents per share, which surpassed the Zacks Consensus Estimate of 25 cents. The bottom line increased significantly from earnings of 7 cents reported in the year-ago quarter. Adjusted EPS was 67 cents at constant currency or cc.</p>
<h3>The Estee Lauder Companies Inc. Price, Consensus and EPS Surprise</h3>
<div class="chart_embed">
<h3><img alt="The Estee Lauder Companies Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/3b/1724073485.png" style="height:265px; width:576px" title="" /></h3>
<p>The Estee Lauder Companies Inc. price-consensus-eps-surprise-chart | The Estee Lauder Companies Inc. Quote</p>
<p>Net sales of $3,871 million surpassed the Zacks Consensus Estimate of $3,833 million. The top line advanced 7% year over year despite sluggishness in core business areas, especially mainland China, Asia travel retail and North America.</p>
<p>Organic net sales rose 8%, courtesy of increases in all product categories, led by Skin Care, which was backed by EL&#39;s global travel retail business. The growth in organic net sales also shows strength across markets in the EMEA, offset by declines in the Americas and Asia/Pacific.</p>
<p>The gross profit came in at $2,778 million, up 14% year over year. The gross margin came in at 71.8%, up from 67.8% reported in the year-ago quarter.</p>
<p>The adjusted operating income came in at $349 million, up significantly from $71 million reported in the year-ago period. The operating income margin soared to around 9% from nearly 2% reported in the year-ago quarter.</p>
</div>
<h3>Product-Based Segment Results</h3>
<p>Skin Care&#39;s sales were up 13% year over year to $2,035 million. Makeup revenues remained flat year over year at $1,105 million. In the Fragrance category, revenues of $539 million dipped 1% from the year-ago quarter&#39;s figure. Hair Care sales totaled $165 million, up 1% year over year.</p>
<h3>Regional Results</h3>
<p>Sales in the Americas fell 5% year over year at $1,014 million, resulting from company-specific hurdles, an intensified competitive landscape and a general slowdown in prestige beauty growth in North America.</p>
<p>Revenues in the EMEA region grew 32% to $1,652 million, mainly driven by the Makeup category. In the Asia-Pacific region, sales tumbled 7% to $1,205 million, largely due to weakness in mainland China.</p>
<h3>Other Updates</h3>
<p>The Estee Lauder Companies exited the quarter with cash and cash equivalents of $3,395 million, long-term debt of $7,267 million and total equity of $5,314 million.</p>
<p>The net cash flow provided by operating activities for the 12 months ended Jun 30, 2024 was $2.36 billion. Capital expenditures during this time amounted to $0.92 billion. For fiscal 2025, net cash flow from operating activities is likely to be in the band of $1.8-$2.0 billion. Capital expenditures are expected to be nearly 5%-5.5% of the forecasted sales.</p>
<p>The Estee Lauder Companies returned $0.95 billion to shareholders through dividend payouts in fiscal 2024. In a separate press release, the company has declared a quarterly dividend of 66 cents per share on Class A and Class B shares. The dividend will be paid out on Sep 16, 2024 to shareholders of record as of Aug 30.</p>
<p>The Estee Lauder Companies acquired the multi-brand company DECIEM Beauty Group Inc. in May 2024.</p>
<h3>Fiscal 2025 Outlook</h3>
<p>Management anticipates global prestige beauty growth of 2%-3% in fiscal 2025, driven by sustained strength across many developed and emerging markets worldwide. However, this growth will be moderated by more subdued performance in key markets like North America and offset by continued declines in mainland China and Asia travel retail, where consumer sentiment and conversion rates remain low. For fiscal 2026, the company expects global prestige beauty to regain momentum, returning to historical mid-single-digit growth.</p>
<p>For fiscal 2025, the company projects a more restrained performance compared to the industry average, largely due to its substantial business presence in mainland China and Asia travel retail. Nevertheless, EL anticipates accelerated net sales growth in other regions, fueled by strategic initiatives aimed at revitalizing Skin Care, leveraging the growth drivers of high-end Fragrance, rapidly capitalizing on successful channels, launching innovative and accretive new products and enhancing precision marketing capabilities.</p>
<p>The company is committed to executing its Profit Recovery and Growth Plan (&quot;PRGP&quot;), previously known as the Profit Recovery Plan, which has been renamed to better reflect its dual focus on accelerating sales growth and recovering profit margins. The PRGP is structured to enhance the gross margin, reduce EL&#39;s cost base, establish expense leverage even at lower sales growth levels, and boost agility and speed-to-market.</p>
<p>The PRGP initiatives are likely to generate operating profit net savings in the band of $1.1-$1.4 billion in fiscal years 2025 and 2026, with slightly more than half of these savings anticipated to be realized by the end of fiscal 2025. However, the strong challenges in mainland China and Asia travel retail are likely to partially offset the initial net benefits of the PRGP.</p>
<p>Additionally, management is carefully monitoring potential risks, such as retailer destocking, which may be influenced by factors like weak consumer sentiment, causing ongoing declines in the prestige beauty market in mainland China and Asia travel retail. Additionally, changes in traveler behavior, with more people spending on experiences instead of products, are affecting Asia travel retail. The company also faces the challenge of adapting to shifts in sales channels and navigating tough competition, particularly as the prestige beauty market slows down in North America.</p>
<p>All said, for fiscal 2025, management projects net sales and organic sales growth in the range of 1% decrease to 2% growth.</p>
<p>The adjusted operating margin for the fiscal is envisioned in the band of 11-11.5%, including gains from PRGP. Adjusted EPS is expected to grow 7-5% to the $2.78-$2.98 band at cc.</p>
<h3>Q1 Guidance</h3>
<p>For the first quarter of fiscal 2025, The Estee Lauder Companies anticipates reported and organic net sales to decline 5-3% year over year. Adjusted EPS, on a cc basis, is expected to slump 89-17% to 1-9 cents.</p>
<p>This Zacks Rank #4 (Sell) stock has tumbled 27.6% in the past three months compared with the industry&#39;s decline of 21.3%.</p>
<h3>Better-Ranked Staple Bets</h3>
<p><strong>The Chef&#39;s Warehouse</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), which distributes specialty food and center-of-the-plate products, has a trailing four-quarter earnings surprise of 33.7%, on average. CHEF currently sports a Zacks Rank #1 (Strong Buy).</p>
<p>The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current financial-year sales and earnings calls for growth of 9.7% and 12.6%, respectively, from the prior-year reported level.</p>
<p><strong>Vital Farms </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>) offers a range of produced pasture-raised foods. It currently carries a Zacks Rank #2 (Buy). VITL has a trailing four-quarter earnings surprise of 82.5%, on average.</p>
<p>The Zacks Consensus Estimate for Vital Farms&#39; current financial-year earnings indicates growth of 72.9% from the year-ago reported numbers.</p>
<p><strong>Nomad Foods</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nomd#NYSE">NOMD</a>), carrying a Zacks Rank #2, manufactures and distributes frozen foods. NOMD has a trailing four-quarter earnings surprise of 3.1%, on average.</p>
<p>The Zacks Consensus Estimate for Nomad Foods&#39; current financial-year sales and earnings implies growth of 4.3% and 11.5%, respectively, from the prior-year reported level.</p>
<p><a href="https://www.zacks.com/stock/news/2323837/estee-lauder-el-q4-earnings-top-asia-travel-retail-sluggish?cid=CS-BENZ-FT-analyst_blog|earnings_article-2323837">To read this article on Zacks.com click here.</a></p>


Dividends

Estee Lauder Q4 Earnings Top, Asia Travel Retail Sluggish

<p><strong>Helen of Troy Limited</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hele#NASDAQ">HELE</a>) is struggling with operational challenges, heightened macroeconomic uncertainty and a financially-strained consumer environment. HELE is grappling with high costs that are impacting its performance. Unimpressively, the company posted soft results in first-quarter fiscal 2025, following which it lowered its outlook for the fiscal 2025.</p>
<p>The Zacks Rank #5 (Strong Sell) company&#39;s shares have slumped 57.4% year to date against the industry&#39;s 32.8% decline. The stock has underperformed the Zacks Consumer Staple sector&#39;s appreciation of 6.2% during this time.</p>
<p>Let&#39;s delve deeper.</p>
<h3>Lower Demand Dampens Performance</h3>
<p>Helen of Troy is facing a tough macroeconomic environment with lower consumer and retailer demand. Consumers are prioritizing essentials over discretionary items, leading to a slowdown in sales for outdoor products, specialty and mass beauty items and other discretionary household goods like dry food storage. Retailers are tightening inventory management in response, which is heightening the company&#39;s exposure to market volatility and reducing clarity on order volumes and timing.</p>
<p>These factors put pressure on HELE&#39;s first-quarter fiscal 2025 results, with the top and the bottom line missing the Zacks Consensus Estimate and declining year over year. Quarterly net sales of $416.8 million fell 12.2%, mainly due to reduced sales of hair appliances and prestige hair care products in the Beauty &amp; Wellness unit and lower demand for humidifiers. Quarterly adjusted earnings of 99 cents per share declined 49% due to reduced adjusted operating income and higher tax rates.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a1/74454.jpg?v=606064200" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>High-Cost Environment</h3>
<p>Helen of Troy has been struggling with rising selling, general and administrative (SG&amp;A) expenses. In first-quarter fiscal 2025, the SG&amp;A ratio expanded 560 basis points to 40.9%, driven by higher marketing costs, operational inefficiencies from automation issues at the Tennessee distribution facility, increased depreciation and rising health insurance and product liability expenses. This led to a 35.1% drop in adjusted operating income to $43 million and a 360-bps contraction in the adjusted operating margin to 10.3%, primarily due to increased marketing expenses and automation-related costs, among other reasons.</p>
<h3>Road Ahead Seems Challenging</h3>
<p>Considering the operational challenges, heightened macroeconomic uncertainty, a financially-stressed consumer base, increased promotional activity and stricter inventory management by retailers, management recently revised its fiscal 2025 forecast downward.</p>
<p>For the fiscal 2025, HELE anticipates consolidated net sales revenues in the range of $1.885-$1.935 billion, indicating a decline of 6% to 3.5% compared with the previous expectation of a 2% decline to 1% growth. This updated sales outlook reflects ongoing concerns about persistent inflation and persistent softness in consumer spending, particularly in certain discretionary product categories. The revised forecast considers anticipated challenges in operational performance at the Tennessee distribution facility, along with heightened macroeconomic uncertainty.</p>
<p>Adjusted earnings per share are now projected to range from $7.00 to $7.50, indicating a decline of 15.8% to 21.4% for the fiscal 2025. Previously, the metric was anticipated to be between $8.70 and $9.20.</p>
<h3>Better-Ranked Staple Bets</h3>
<p><strong>The Chef&#39;s Warehouse </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), which distributes specialty food products, currently sports a Zacks Rank #1 (Strong Buy). CHEF has a trailing four-quarter earnings surprise of 33.7%, on average.</p>
<p>The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.</p>
<p><strong>Vital Farms</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>) offers a range of produced pasture-raised foods. It currently carries a Zacks Rank #2 (Buy). VITL has a trailing four-quarter earnings surprise of 82.5%, on average.</p>
<p>The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and earnings indicate growth of 26.3% and 88.1%, respectively, from the prior-year reported level.</p>
<p><strong>Nomad Foods</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nomd#NYSE">NOMD</a>), carrying a Zacks Rank #2, manufactures and distributes frozen foods. NOMD has a trailing four-quarter earnings surprise of 3.1%, on average.</p>
<p>The Zacks Consensus Estimate for Nomad Foods&#39; current financial-year sales and earnings indicates growth of 4.3% and 11.5%, respectively, from the prior-year reported level.</p>
<p><a href="https://www.zacks.com/stock/news/2323337/helen-of-troy-s-hele-stock-down-more-than-57-ytd-here-s-why?cid=CS-BENZ-FT-analyst_blog|rank_focused-2323337">To read this article on Zacks.com click here.</a></p>


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The Chefs' Warehouse: Still Flavorful On Expectations Of A Bright Future

BMO Capital raised the firm's price target on Chefs' Warehouse (CHEF) to $60 from $55 and keeps an Outperform rating on the shares as part of a bro...

Chefs' Warehouse price target raised to $60 from $55 at BMO Capital

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Performance Food Group Company: I'm Sticking To My Guns

The Chefs' Warehouse expects FY25 net sales in the range of $3.94B and $4.04B

Jefferies raised the firm's price target on Chefs' Warehouse (CHEF) to $60 from $58 and keeps a Buy rating on the shares. No Q4 update was issued i...

Chefs' Warehouse price target raised to $60 from $58 at Jefferies

Jefferies analyst Andy Barish maintained a Buy rating on The Chefs' Warehouse (CHEF – Research Report) today and set a price target of $62.00. The ...

Jefferies Sticks to Their Buy Rating for The Chefs' Warehouse (CHEF)

The Chefs' Warehouse: An Appetizing Stock With Strong Margin Expansion Ahead

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Press Releases

The Chefs' Warehouse, Inc. to Participate in the BMO Global Farm to Market Conference

The Chefs' Warehouse Reports First Quarter 2024 Financial Results

The Chefs' Warehouse to Announce Second Quarter Results on July 31, 2024

The Chefs' Warehouse Reports Second Quarter 2024 Financial Results

The Chefs' Warehouse, Inc. to Participate in CL King's 22nd Best Ideas Conference

The Chefs' Warehouse to Announce Third Quarter Results on October 30, 2024

The Chefs' Warehouse Reports Third Quarter 2024 Financial Results

The Chefs' Warehouse Announces Preliminary Fiscal Year 2025 Guidance

GREENLEAF, A CHEFS' WAREHOUSE COMPANY, IS NOW DISTRIBUTING PRODUCE TO CHEFS' WAREHOUSE CUSTOMERS IN SOUTHERN CALIFORNIA

The Chefs' Warehouse to Announce Fourth Quarter and Fiscal Year 2024 Results on February 12, 2025

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