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MGP Ingredients names ex-Constellation, Coke exec CEO
MGP Ingredients names ex-Constellation, Coke exec CEO

Yahoo

time20 hours ago

  • Business
  • Yahoo

MGP Ingredients names ex-Constellation, Coke exec CEO

US distiller MGP Ingredients has named former Constellation Brands and Coca-Cola executive Julie Francis its president and CEO. The whiskey, vodka and gin distiller said Francis would take the helm today (21 July). Brandon Gall, who has been interim president and CEO since January, will continue to be the CFO of the Remus Bourbon owner. Gall took the reins when David Bratcher resigned just before Christmas after less than a year as MGP Ingredients CEO. 'Julie is a proven leader with decades of experience driving growth and value creation across the food and beverage space, making her the ideal candidate to lead MGP forward,' chairman Martin Roper said. Roper added the new CEO would 'build on the actions that Brandon and the MGP team have taken to better align our businesses with current consumer trends'. In 2024, MGP Ingredients sales fell 16% to $703.6m and its adjusted EBITDA decreased 6% to $196.5m. Net income slid by more than two thirds from $107.5m to $34.7m. Last October, amid pressure on spirits sales in the US and higher levels of inventory across the country's whiskey industry, MGP Ingredients issued a profit warning. The group subsequently announced plans to cut whiskey production. In the first quarter of 2025, MGP Ingredients' sales decreased 29% to $121.7m. The company recorded a loss of $3.1m, which it was said was primarily due to the change in 'fair value of the contingent consideration liability' related to the "improved performance" of the Penelope Bourbon brand. On an adjusted basis, net income decreased 68% to $7.8m. For 2025 as a whole, the company is forecasting sales of $520-$540m and adjusted EBITDA of $105-115m. Francis' most recent executive role was COO at US frozen-food group Schwan's Company from January 2021 to July 2024, according to her LinkedIn profile. She joined Schwan's in 2018 after just under 18 months at Constellation Brands, where she was senior vice president of commercial and category development for the Modelo brewer's Total Beverage Alcohol platform. Before Constellation, Francis was chief commercial officer for The Coca-Cola Company for five years. Before The Coca-Cola Company, her six years at the then Coca-Cola European Partners included two as VP for sales and marketing in North America. 'MGP's strong foundation, built on a legacy of quality, operational excellence, and a portfolio of attractive alcoholic spirits brands, is a true credit to this talented team,' she said in a statement. 'I am excited to partner with Brandon and the MGP team as we build upon this excellent platform to grow our brands, deepen consumer connections, and create value for all stakeholders.' "MGP Ingredients names ex-Constellation, Coke exec CEO" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Coca-Cola Earnings: What To Look For From KO
Coca-Cola Earnings: What To Look For From KO

Yahoo

timea day ago

  • Business
  • Yahoo

Coca-Cola Earnings: What To Look For From KO

Beverage company Coca-Cola (NYSE:KO) will be announcing earnings results this Tuesday before market open. Here's what to expect. Coca-Cola beat analysts' revenue expectations by 0.6% last quarter, reporting revenues of $11.22 billion, flat year on year. It was a satisfactory quarter for the company, with a decent beat of analysts' organic revenue estimates but EBITDA in line with analysts' estimates. Is Coca-Cola a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Coca-Cola's revenue to grow 1.5% year on year to $12.55 billion, slowing from the 3.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.84 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 8 downward revisions over the last 30 days (we track 12 analysts). Coca-Cola has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.4% on average. Looking at Coca-Cola's peers in the consumer staples segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Constellation Brands's revenues decreased 5.5% year on year, missing analysts' expectations by 1.5%, and McCormick reported flat revenue, in line with consensus estimates. Constellation Brands traded up 4.5% following the results while McCormick was also up 3.6%. Read our full analysis of Constellation Brands's results here and McCormick's results here. Investors in the consumer staples segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Coca-Cola's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $77.71 (compared to the current share price of $70.06). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio

What To Expect From Philip Morris's (PM) Q2 Earnings
What To Expect From Philip Morris's (PM) Q2 Earnings

Yahoo

timea day ago

  • Business
  • Yahoo

What To Expect From Philip Morris's (PM) Q2 Earnings

Tobacco company Philip Morris International (NYSE:PM) will be reporting results this Tuesday before market hours. Here's what to expect. Philip Morris beat analysts' revenue expectations by 2.6% last quarter, reporting revenues of $9.30 billion, up 5.8% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EBITDA estimates and a decent beat of analysts' gross margin estimates. Is Philip Morris a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Philip Morris's revenue to grow 8.6% year on year to $10.28 billion, improving from the 5.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.86 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Philip Morris has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 2.1% on average. Looking at Philip Morris's peers in the consumer staples segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Constellation Brands's revenues decreased 5.5% year on year, missing analysts' expectations by 1.5%, and McCormick reported flat revenue, in line with consensus estimates. Constellation Brands traded up 4.5% following the results while McCormick was also up 3.6%. Read our full analysis of Constellation Brands's results here and McCormick's results here. Investors in the consumer staples segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Philip Morris is down 3.1% during the same time and is heading into earnings with an average analyst price target of $184.32 (compared to the current share price of $179.24). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio

Constellation Brands' (NYSE:STZ) Returns On Capital Are Heading Higher
Constellation Brands' (NYSE:STZ) Returns On Capital Are Heading Higher

Yahoo

time2 days ago

  • Business
  • Yahoo

Constellation Brands' (NYSE:STZ) Returns On Capital Are Heading Higher

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Speaking of which, we noticed some great changes in Constellation Brands' (NYSE:STZ) returns on capital, so let's have a look. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. What Is Return On Capital Employed (ROCE)? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Constellation Brands: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.18 = US$3.4b ÷ (US$22b - US$3.7b) (Based on the trailing twelve months to May 2025). Thus, Constellation Brands has an ROCE of 18%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Beverage industry average of 17%. Check out our latest analysis for Constellation Brands In the above chart we have measured Constellation Brands' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Constellation Brands . What The Trend Of ROCE Can Tell Us You'd find it hard not to be impressed with the ROCE trend at Constellation Brands. The data shows that returns on capital have increased by 63% over the trailing five years. That's not bad because this tells for every dollar invested (capital employed), the company is increasing the amount earned from that dollar. Interestingly, the business may be becoming more efficient because it's applying 24% less capital than it was five years ago. A business that's shrinking its asset base like this isn't usually typical of a soon to be multi-bagger company. Our Take On Constellation Brands' ROCE In a nutshell, we're pleased to see that Constellation Brands has been able to generate higher returns from less capital. Considering the stock has delivered 2.4% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up. If you'd like to know about the risks facing Constellation Brands, we've discovered 2 warning signs that you should be aware of. While Constellation Brands isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio

What To Expect From PepsiCo's (PEP) Q2 Earnings
What To Expect From PepsiCo's (PEP) Q2 Earnings

Yahoo

time6 days ago

  • Business
  • Yahoo

What To Expect From PepsiCo's (PEP) Q2 Earnings

Food and beverage company PepsiCo (NASDAQ:PEP) will be reporting results this Thursday before the bell. Here's what to expect. PepsiCo beat analysts' revenue expectations by 0.7% last quarter, reporting revenues of $17.92 billion, down 1.8% year on year. It was a mixed quarter for the company, with a decent beat of analysts' organic revenue estimates but a slight miss of analysts' EPS estimates. Is PepsiCo a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting PepsiCo's revenue to be flat year on year at $22.35 billion, slowing from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $2.03 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 5 downward revisions over the last 30 days (we track 10 analysts). PepsiCo has missed Wall Street's revenue estimates five times over the last two years. Looking at PepsiCo's peers in the consumer staples segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Constellation Brands's revenues decreased 5.5% year on year, missing analysts' expectations by 1.5%, and McCormick reported flat revenue, in line with consensus estimates. Constellation Brands traded up 4.5% following the results while McCormick was also up 3.6%. Read our full analysis of Constellation Brands's results here and McCormick's results here. Investors in the consumer staples segment have had steady hands going into earnings, with share prices flat over the last month. PepsiCo is up 1.9% during the same time and is heading into earnings with an average analyst price target of $147.70 (compared to the current share price of $133.94). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

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