Earnings Feed

Consumer

Adjusted EPS was $0.41, exceeding guidance of $0.15 to $0.20, driven by sales growth, expense discipline, and tariff mitigation.
Capital expenditures decreased to $343 million from $432 million, and share repurchases totaled $151 million in the quarter, with $1.2 billion remaining authorization.
Core adjusted EBITDA was $377 million (7.5% of revenue), above guidance of 6.0% to 6.2%.
Gross margin was 39.7% of net sales, slightly below last year's 40.5%, impacted by proactive markdowns and tariffs.
Macy's Inc. reported net sales of $4.8 billion, down 2.5% year-over-year, with a 1.9% comparable sales growth, the strongest in 12 quarters.
Operating cash flow improved to $255 million year-to-date, free cash flow outflow narrowed to $13 million from $244 million last year.
SG&A expenses declined by $29 million to $1.9 billion, reflecting store closures and cost containment, partially offset by investments in growth initiatives.

CPB

Consumer

Adjusted EBIT decreased 2% in Q4 with margin down 50 basis points, including a 30 basis point tariff impact.
Adjusted EBIT increased 2% for full year; adjusted EPS decreased 4% due to higher interest expense.
Full-year net sales grew 6%, driven by Sovos Brands acquisition; organic net sales declined 1%.
Meals and Beverages segment showed flat net sales in Q4, organic net sales down 3%, operating earnings down 5%.
Net debt to adjusted EBITDA leverage ratio improved slightly to 3.6x from 3.7x in prior year.
Operating cash flow was $1.13 billion for fiscal 2025; capital expenditures were $426 million, down 18% year-over-year.
Q4 net sales increased 1% reported, organic net sales declined 3% excluding additional week and divestitures.
Snacks segment net sales increased 2% reported, organic net sales down 2%, operating margin decreased 30 basis points.