Aug. 7 at 4:43 PM
$MIDD beats EPS estimates but faces margin pressure 📉
Adjusted earnings of
$2.35 per share topped the Zacks Consensus Estimate of
$2.20, yet gross margin slipped 30 bps YoY to 38%. Operating income also fell 11.6%, with the operating margin decreasing by 180 bps.
Full analysis here 👉 https://www.zacks.com/stock/news/2678947/middlebys-q2-earnings-and-sales-beat-estimates-decline-yy?cid=sm-stocktwits-2-2678947-body-6726&ADID=SYND_STOCKTWITS_TWEET_2_2678947_BODY_6726