The Zacks Consensus Estimate for Inter Parfums’ current financial year sales and earnings suggests growth of 15.3% and 7.3%, respectively, from the year-ago reported numbers. You can see the complete list of today’s Zacks #1 Rank stocks here. Inter Parfums currently sports a Zacks Rank #1(Strong Buy). IPAR has an expected long-term earnings growth rate of 15% and a trailing four-quarter earnings surprise of 36.2%, on average. Some better-ranked stocks are Inter Parfums IPAR, General Mills GIS and Kimberly-Clark Corporation KMB. Adjusted EBITDA margin of 3.6% contracted from 11.8% reported in the year-ago quarter. Adjusted EBITDA of $151.9 million decreased from $501.8 million reported in the year-ago quarter. Gross profit slumped to $173 million from $542 million. Pilgrim's Pride’s cost of sales increased to $3,992.6 million from $3,698.4 million reported in the year-ago quarter. and Europe businesses gained from continued focus on driving scale, investments in network optimization and cost synergies across its businesses, which also resulted in consistent growth in adjusted EBITDA during the quarter. Net sales from Europe operations rose to $1,239.3 million in the quarter under review from $1,192 million in the prior year. Its operations also recovered from the live challenges. Pilgrim's Pride’s Mexico business witnessed improved results throughout the quarter, with market conditions improving sequentially. Mexico operations generated net sales of $493.8 million in the reported quarter, up from $467.2 million in the prior-year quarter. Management is on track with investments in expansion at the Athens, GA plant, construction of a protein conversion plant in South Georgia and several automation projects to enhance its portfolio. Although its varied portfolio of products across bird sizes and branded offerings lessened market effects, its performance was improved by its intense focus on operational excellence. Management highlighted that its commodity business in the United States remained extremely challenging, particularly in January. operations were $2,432.6 million, down from $2,581.2 million reported in the year-ago quarter. Net sales increased in Europe and Mexico operations. The producer, marketer and distributor of fresh, frozen and value-added chicken and pork products generated net sales of $4,165.6 million, which dipped 1.8% from the year-ago quarter’s level. However, the bottom line deteriorated from earnings of $1.18 per share reported in the year-ago quarter. The company reported adjusted earnings of 8 cents a share, which surpassed the Zacks Consensus Estimate of adjusted loss of 1 cent. Pilgrim's Pride Corporation price-consensus-eps-surprise-chart | Pilgrim's Pride Corporation Quote Q1 in Detail Pilgrim's Pride Corporation Price, Consensus and EPS Surprise
0 Comments
Leave a Reply. |