The 10-second takeaway
For the quarter ended March 30 (Q1), Snyder's-Lance missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share grew significantly.
Margins grew across the board.
Snyder's-Lance chalked up revenue of $418.6 million. The six analysts polled by S&P Capital IQ predicted sales of $431.8 million on the same basis. GAAP reported sales were 6.5% higher than the prior-year quarter's $392.8 million.
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 $0.28. The seven earnings estimates compiled by S&P Capital IQ averaged $0.25 per share. GAAP EPS of $0.28 for Q1 were 33% higher than the prior-year quarter's $0.21 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 34.6%, 180 basis points better than the prior-year quarter. Operating margin was 8.4%, 340 basis points better than the prior-year quarter. Net margin was 4.7%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $447.5 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $1.79 billion. The average EPS estimate is $1.21.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 66 members out of 78 rating the stock outperform, and 12 members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 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 $27.14.
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