Annie’s Earnings: Here’s Everything You Need to Know Now

Annie’s (NYSE:BNNY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.03%.

Annie’s Earnings Cheat Sheet

Results: Adjusted Earnings Per Share came in at $0.15.

Revenue: Increased to $37.85 million from $31 million in the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $36.6 million.

Quoting Management: “We again delivered overall strong financial results and continue to make important investments to support and drive future growth,” commented John Foraker, CEO of Annie’s. “Consumption trends remain robust and the outlook for natural and organic foods remains strong. Our key growth strategies around mainline aisle placement, securing deeper distribution, increasing brand awareness and driving innovation continue to deliver strong results. Our organization responded well during our recent voluntary product recall of frozen pizza products, and we are moving aggressively to regain momentum in this important growth initiative. Overall, we executed well during the quarter and are looking forward to continued improvements and further growth in the fourth quarter and throughout our next fiscal year, fiscal 2014. We are excited about the opportunities ahead.”

Key Stats (on next page)…

Revenue decreased 18.93% from $46.69 million in the previous quarter. EPS decreased 37.5% from $0.24 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.3 to a profit $0.29. For the current year, the average estimate has moved down from a profit of $0.82 to a profit of $0.8 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)