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Middleby (MIDD) Reports Q1 Earnings: What Key Metrics Have to Say

May 8, 2024, 10:53 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Middleby reported revenue of $926.93 million, down 8% YoY, EPS $1.89. - Revenue came in below Zacks estimate, EPS also missed expectations. - Key metrics for commercial foodservice, residential kitchen, and food processing all declined. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Middleby reported revenue of $926.93 million, down 8% YoY, EPS $1.89.
  • Revenue came in below Zacks estimate, EPS also missed expectations.
  • Key metrics for commercial foodservice, residential kitchen, and food processing all declined.

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