Economy · News reference
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
General Mills beat Q1 earnings estimates with adjusted EPS of 75 cents, though both net sales and EPS declined year-over-year. The company faced headwinds from higher input costs and lower volume, partially offset by favorable pricing and product mix. Gross margins contracted 90 basis points to 33.3%. General Mills maintained its fiscal 2027 guidance for $3-$3.20 EPS and organic sales growth of -1.5% to +0.5%.
Coty Inc. reported positive growth in its Americas business during Q4 fiscal 2026, with net revenues rising 9% to $554.7 million and like-for-like sales up 6%. The growth was driven by stronger prestige fragrance and mass cosmetics orders in the U.S., with brands Sally Hansen and CoverGirl showing improving retail trends. However, full-year fiscal 2026 Americas revenues declined 1% on a reported basis.
Kraft Heinz is implementing a promotional strategy focused on affordability and improved ROI to combat declining volume trends. The company achieved a 3.4 percentage point increase in promotional ROI year-to-date and introduced smaller pack sizes across key categories. However, Q2 2026 volume/mix still declined 2.6 points overall, with North America down 3.8 points, indicating the strategy's effectiveness remains to be proven in the second half of 2026.
Monster Beverage's international sales jumped 34.6% to $1.16B in Q2 2026, now representing 46% of total sales. Strong growth in EMEA (27.2%), Asia-Pacific (35.7%), and Latin America (56.1%) is driven by product innovation, cooler placements, and Coca-Cola bottler partnerships. However, lower overseas margins and inflation in aluminum, freight, and fuel pose challenges. The stock trades at a premium 36.59X forward P/E, well above the industry average of 19.32X.
Mama's Creations reported Q3 2026 earnings of $0.06 per share, beating consensus estimates of $0.05, with revenues of $54.58 million exceeding expectations by 2.79%. Despite the beat and 15.9% year-to-date stock gain, the company received a Zacks Rank #4 (Sell) rating due to unfavorable estimate revision trends. The Food - Miscellaneous industry ranks in the bottom 20% of Zacks industries, which may negatively impact future performance.
Mama's Creations (NASDAQ:MAMA) released second-quarter financial results and hosted an earnings call on Thursday. Read the complete transcript below. This transcript is brought to you by Benzinga APIs. For real-time