The 10-second takeaway
For the quarter ended Dec. 29 (Q4), Snyder's-Lance met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Snyder's-Lance reported revenue of $419.8 million. The eight analysts polled by S&P Capital IQ expected a top line of $425.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.29. The nine earnings estimates compiled by S&P Capital IQ predicted $0.26 per share. GAAP EPS of $0.11 for Q4 were 67% lower than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.0%, 100 basis points worse than the prior-year quarter. Operating margin was 6.5%, 210 basis points worse than the prior-year quarter. Net margin was 1.9%, 350 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $436.3 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $1.81 billion. The average EPS estimate is $1.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 68 members out of 80 rating the stock outperform, and 12 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Snyder's-Lance a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Snyder's-Lance is outperform, with an average price target of $26.88.
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