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.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Snyder's-Lance. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Snyder's-Lance to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.