Hillshire Brands (NYSE:HSH) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Hillshire Brands Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 52.7% to $0.35 in the quarter versus EPS of $0.74 in the year-earlier quarter.
Revenue: Decreased 51.34% to $924 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hillshire Brands reported adjusted EPS income of $0.35 per share. By that measure, the company beat the mean analyst estimate of $0.32. It missed the average revenue estimate of $954 million.
Quoting Management: “We continue to make progress in executing our three-year plan, making strides in brand building, innovation and rigorous cost management,” said Sean Connolly, president and chief executive officer, The Hillshire Brands Company.
Key Stats (on next page)…