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Stock impact report

Why Is The Middleby (MIDD) Up 0.8% Since Last Earnings Report? [Yahoo! Finance]

The Middleby Corporation (MIDD) 
Last the middleby corporation earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is The Middleby due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Middleby Q4 Earnings Beat, Revenues Decrease Y/Y Middleby reported fourth-quarter 2023 adjusted earnings of $2.65 per share, which surpassed the Zacks Consensus Estimate of $2.44. The bottom line increased 3.1% year over year due to lower costs. Net sales of $1.00 billion missed the consensus estimate of $1.01 billion. The top line dipped 2.2% year over year. Organic revenues in the reported quarter decreased 4.7%. Acquired assets boosted sales by 1.3% while movements in foreign currencies had a positive impact of 1.2%. Segmental Results Sales from the Commercial Foodservice Equipment Group (representing 62.3% of the net sales) were $627.9 million, down 0.2% year over ye Show less Read more
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