Most of the analysts covering Kraft Heinz (KHC) stock are maintaining a positive outlook after the 2Q17 results.
Kraft Heinz’s (KHC) adjusted EBITDA rose 0.70% to $2.1 billion in 2Q17. Improvement in the United States more than offset the other segments.
Kraft Heinz’s (KHC) sales of $6.7 billion fell short of analysts’ consensus estimate, falling 1.7% YoY. Weak volumes took a toll on its top-line performance.
Kraft Heinz (KHC) posted better-than-expected 2Q17 bottom line results on August 3, 2017. Its adjusted EPS of $0.98 surpassed the Wall Street estimate.
According to the latest data compiled by Thomson Reuters, Sprouts Farmers Market’ current average target price by 21 Wall Street analysts is $25.81, reflecting an upside of 8%.
SFM’s top line is expected to grow 13%–14% based on its sales comp growth of 1.5%–2.0% and 32 new store openings.
Sprouts Farmers Market (SFM) reported a 14.7% year-over-year increase in sales to $1.2 billion in 2Q17.
Phoenix, Arizona–based Sprouts Farmers Market (SFM) reported its 2Q17 results on August 3. Total sales for SFM increased 15% year-over-year to $1.2 billion, $17.0 million more than consensus estimates.
As of August 4, 2017, The Kellogg Company (K) stock was trading at a 12-month forward PE (price-to-earnings) multiple of 17.2x.
Kellogg (K) reported better-than-expected 2Q17 results. As a result, several analysts upgraded their target price on Kellogg stock.
Kellogg (K) is banking on lowering costs and driving productivity savings to accelerate its margins growth amid a slowdown in consumption.
Kellogg’s (K) international business reported strong top-line growth, except in Europe where it continued to post sluggish sales.
Kellogg (K) continues to report sluggish sales in North America. Weak consumption trends, primarily in the US (SPY), resulted in lower volumes.
Kellogg’s (K) 2Q17 sales of 3.2 billion beat analysts’ consensus estimate. However, sales fell 2.5% YoY (year-over-year) due to the weak consumption trend.
Kellogg (K) reported better-than-expected 2Q17 earnings results on August 3, 2017, despite a continued decline in consumption for packaged food.
On August 2, 2017, Mondelēz stock was trading at $44.10, reflecting an upside of 13.1% to the analysts’ target price of $49.87.
Despite lower gross margins, Mondelēz’s adjusted operating profit margin expanded 90 basis points to 15.8%, reflecting a fall in overhead costs and marketing costs.
Mondelēz’s net sales in Europe decreased 5.3% during the 2Q17 malware incident, which negatively impacted the region’s sales growth by 220 basis points.
Mondelēz International’s (MDLZ) 2Q17 sales of $6.0 billion came in marginally above Wall Street’s consensus estimate but declined 5.0% year-over-year.
Mondelēz’s adjusted EPS (earnings per share) of $0.48 surpassed Wall Street analysts’ consensus estimate of $0.45.