Boulder Brands Earnings: Here’s Why the Stock is Rising Now

Boulder Brands Inc (NASDAQ:BDBD) 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 0.88%.

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Boulder Brands Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 16.67% to $0.07 in the quarter versus EPS of $0.06 in the year-earlier quarter.

Revenue: Rose 34.57% to $106.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.07 per share. By that measure, the company beat the mean analyst estimate of $0.04. It beat the average revenue estimate of $105.52 million.

Quoting Management: Commenting on the results, Chairman and Chief Executive Officer Stephen Hughes stated, “We started the year off strong and continued to execute on our core strategies. In the first quarter, our Natural segment, which includes the Udi’s, Glutino and Earth Balance brands, represented 56.5% of our total net sales and reported a strong organic net sales increase of 42.6% and organic brand profit growth of 73.8%, in each case compared to the first quarter of 2012. The Natural segment continued to benefit from distribution gains with our gluten-free brands and continued strength in the gluten-free category, resulting in 49.5% organic net sales growth for our gluten free brands in the first quarter. Since acquiring Udi’s, total company organic adjusted EBITDA growth has averaged approximately 35% over the past three quarters.”

Key Stats (on next page)…

Revenue decreased 5.6% from $113.03 million in the previous quarter. EPS increased 16.67% from $0.06 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 $0.07 to a profit $0.04. For the current year, the average estimate has moved down from a profit of $0.32 to a profit of $0.26 over the last ninety days.

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