💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Light guidance from Amplify Snack Brands

Published 08/08/2017, 08:39 AM
© Reuters.  Light guidance from Amplify Snack Brands
BETR
-
  • Amplify Snack Brands (NYSE:BETR) reports sales growth of 69% in Q2 as the addition of the Tyrrell's international business and Oatmega factored in. The company says a strong promotions campaign for SkinnyPop products also boosted demand.
  • Gross margin came in at 38.1% of sales to miss the consensus estimate for a 40.7% mark. Adjusted EBITDA was 22.4% of sales during the quarter.
  • The company sees FY17 sales of $385M to $400M vs. $403M consensus and EPS of $0.35 to $0.40 vs. $0.42 consensus.
  • Previously: Amplify Snack EPS in-line, beats on revenue (Aug. 8)
  • Now read: Amira Nature Foods: Too Cheap To Be True


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.