Westrock Coffee Company (WEST) Announces Q3 Loss but Exceeds Revenue Projections
Quarterly Performance: Westrock Coffee Company reported a quarterly loss of $0.05 per share, matching the Zacks Consensus Estimate, with revenues of $354.83 million, exceeding expectations by 24.20%.
Stock Outlook: The company's shares have declined by 33.7% this year, and its Zacks Rank is currently #3 (Hold), indicating expected performance in line with the market.
Earnings Estimates: The consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $295.37 million, while the current fiscal year estimate is -$0.29 on $1.08 billion in revenues.
Industry Context: The Beverages - Soft drinks industry is ranked in the bottom 41% of Zacks industries, suggesting that the overall industry outlook could significantly impact Westrock's stock performance.
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What’s Happening with Leslie's Stock Today?
Mixed Financial Results: Leslie’s, Inc. reported adjusted earnings per share of nine cents, significantly missing the consensus estimate of $1.29, while revenue of $389.20 million exceeded expectations of $370.63 million.
Store Closures and Strategic Changes: The company plans to close 80 to 90 underperforming stores and one distribution center as part of a strategy to improve EBITDA by fiscal 2026, alongside a 10% reduction in inventory.
Impairment Charges and Profit Margins: Leslie's recorded $183.8 million in impairment charges, with gross profit increasing by 4.8% to $150.1 million, despite a 6.5% decline in comparable sales.
Analyst Reactions and Stock Performance: Following the earnings report, analysts adjusted their price targets downward, with Leslie’s shares trading 20.95% lower at $2.83.
