Consumer Defensive Earnings Report — 2026-09-24 to 2026-11-08

25 most recent Consumer Defensive earnings

1. Nov 6, 2026, 6:36 AM ET·UTZ·Consumer Defensive

   Utz Brands — Third Quarter 2026 Earnings Summary

   UTZ BRANDS INC

   Net sales decreased 2.3% year-over-year to $369.2 million, while adjusted net income and adjusted EPS fell 57.6% and 56.5% respectively to $14.2 million and $0.10; adjusted EBITDA dropped 30.3% to $42.0 million. Gross profit margin declined 320 basis points to 21.0% due to supply chain cost inflation and volume/mix reductions, though Branded Salty Snacks organic sales rose 0.3% led by the "Power Four Brands." The company will not provide 2026 forward-looking guidance or host a conference call due to the pending take-private transaction, with SG&A expenses rising to $97.4 million primarily from transaction-related costs. Utz entered a definitive agreement for Intersnack Group to acquire all outstanding shares for $14.25 per share in cash, expected to close in Q4 2026 subject to a stockholder vote on November 13, 2026. Year-to-date adjusted free cash flow was $(42.1) million, while total liquidity stood at $153.8 million and net leverage remained consistent at 3.9x.

2. Nov 5, 2026, 4:13 PM ET·SKIN·Consumer Defensive

   SkinHealth Systems — Q3 2026 Earnings Summary

   SKINHEALTH SYSTEMS INC

   Total net sales declined 2.1% to $69.2 million in Q3 2026 driven by lower delivery systems sales, while consumables rose to $50.4 million; gross margin improved to 68.2% and adjusted EBITDA increased to $13.4 million (19.3% margin) compared to $8.9 million in Q3 2025. The Company retired $103.2 million in 2026 Notes, reducing total liabilities to $333.3 million, though cash and cash equivalents decreased to $112 million from $233 million at year-end 2025. Fiscal 2026 guidance was updated to net sales of $281–$287 million and adjusted EBITDA of $48–$50 million, reflecting continued sales pressure and cost discipline. Strategic initiatives included the launch of HydraClear™ Treatment Booster and SkinStylus™ in six European markets, alongside a transition to distributor models in China and Australia/New Zealand. A 1-for-20 reverse stock split was effected on October 14, 2026, and the company faces upcoming risks including the November 2028 maturity of convertible notes and a proposed securities class action settlement.

3. Nov 5, 2026, 4:10 PM ET·WEST·Consumer Defensive

   Westrock Coffee Company — Third Quarter 2026 Earnings Summary

   WESTROCK COFFEE CO

   Consolidated net sales declined 15.4% year-over-year to $300.2 million, while net loss narrowed to $10.0 million from $19.1 million; Adjusted EBITDA rose 14.0% to $26.4 million, and nine-month Adjusted EBITDA increased to $73.7 million from $46.7 million. The company reaffirmed 2026 Adjusted EBITDA guidance of $90.0 million to $100.0 million and issued preliminary 2027 guidance of approximately $130.0 million. On October 21, 2026, the company closed a $600.0 million upsized refinancing for its Beverage Solutions segment, repurchased $40.0 million of convertible senior notes, and amended remaining notes to extend maturity to January 2032. Capital expenditures decreased to $8.8 million from $18.1 million in the prior year quarter, though total shareholders' equity deficit widened to $(34.9) million and cash reserves fell to $41.1 million.

4. Nov 5, 2026, 4:09 PM ET·PYXSQ·Consumer Defensive

   Pyxus International, Inc. — Second Quarter Fiscal 2027 Earnings Summary

   PYXUS INTERNATIONAL INC

   Q2 revenues declined 6.3% year-over-year to $534.4 million, while net income improved to $4.1 million from a $0.9 million loss; however, Adjusted EBITDA fell 21.6% to $43.0 million and operating income dropped to $40.0 million from $46.7 million. Full-year Adjusted EBITDA guidance was tightened to $215 million–$235 million (from $210 million–$240 million), though net sales guidance remains unchanged at $2.3 billion–$2.5 billion. Management expects a heavily weighted second half with nearly 95% of lower-cost processed inventory committed, as volumes delayed by global shipping constraints and purchasing timelines are included in the second-half shipment plan. Net debt decreased $13.6 million to $1,250.5 million, and the company recognized a $9.1 million gain from the sale of its Araranguá, Brazil processing facility.

5. Nov 5, 2026, 4:01 PM ET·PRDO·Consumer Defensive

   Perdoceo Education Corporation — Third Quarter 2026 Earnings Summary

   PERDOCEO EDUCATION CORP

   Third quarter 2026 revenue rose 1.9% year-over-year to $215.9 million, while diluted earnings per share increased 16.7% to $0.70 and adjusted diluted EPS grew 18.5% to $0.77; year-to-date revenue and diluted EPS rose 2.6% and 23.6% respectively. Full-year 2026 operating income is guided to $221.0–$224.0 million and adjusted operating income to $260.0–$263.0 million, with Q4 2026 operating income projected between $47.9 million and $50.9 million. The company entered a definitive agreement to acquire 100% of South University for approximately $130–$150 million at closing plus deferred and earn-out payments, expected to close by April 2027 and be immediately accretive to adjusted operating income in 2027. Capital returns included a $0.17 per share quarterly dividend declared on November 5, 2026, and $19.9 million in share repurchases during the quarter, leaving $65.1 million remaining under the current program. Total student enrollments increased 1.6% to 47,260, driven by 7.5% growth at AIUS and 3.2% at USAHS, while CTU enrollments dipped 0.5% due to increased legal fees impacting its operating income.

6. Nov 5, 2026, 7:14 AM ET·MH·Consumer Defensive

   McGraw Hill, Inc. — Fiscal Second Quarter 2027 Earnings Summary

   MCGRAW HILL INC

   Total revenue declined 5.5% YoY to $632.2 million for the quarter, while GAAP net income fell to $86.4 million from $105.3 million; however, year-to-date net income rose to $144.2 million, and re-occurring revenue grew 3.7% YoY on a year-to-date basis. The company reaffirmed full-year 2027 guidance for revenue ($2.115–$2.175 billion), re-occurring revenue ($1.587–$1.627 billion), and Adjusted EBITDA ($750–$790 million), citing confidence in accelerating growth for fiscal 2028 driven by a K-12 ELA super-cycle. Strategic progress includes $700 million in gross debt reduction since IPO with net leverage tracking toward a 2.0–2.5x target, alongside credit rating upgrades from S&P and Moody's and the expansion of agentic AI capabilities through acquisitions of TeachFX and Teachally. Segment performance showed mixed results with Higher Education revenue up 0.2% YoY and Global Professional re-occurring revenue up 5.5%, offset by a 9.6% YoY decline in K-12 revenue due to lower capture rates in select math markets.

7. Nov 5, 2026, 6:53 AM ET·DNUT·Consumer Defensive

   Krispy Kreme — Third Quarter 2026 Earnings Summary

   KRISPY KREME INC

   Net revenue declined 12.4% YoY to $328.8 million due to refranchising in Japan and the western U.S., though GAAP net loss narrowed to $13.3 million and adjusted EBITDA margin improved 240 bps YoY excluding a prior-year cyber recovery. 2026 net revenue guidance was increased and narrowed to $1.35 billion–$1.40 billion, with adjusted EBITDA guidance raised to $140 million–$150 million and capital expenditures reduced to $40 million–$45 million. Strategic refranchising efforts included the completion of deals in Japan and the western U.S., alongside new development agreements for 120 shops in Pakistan and 33 shops in the NYC metro area, driving net leverage down to 5.5x. Year-to-date free cash flow improved by $82 million to ($10) million, supported by a 64.6% reduction in capital expenditures and $111.4 million in net proceeds from refranchising transactions.

8. Nov 5, 2026, 6:49 AM ET·USFD·Consumer Defensive

   US Foods — Third Quarter Fiscal 2026 Earnings Summary

   US FOODS HOLDING CORP

   Net sales rose 2.1% year-over-year to $10.4 billion, while net income surged 42.5% to $218 million and diluted EPS increased 49.3% to $1.00. Full-year fiscal 2026 guidance was tightened across all metrics: net sales growth to 4–5%, Adjusted EBITDA growth to 9–11%, and Adjusted Diluted EPS growth to 18–20%, citing a slower macroeconomic environment and elevated fuel costs. The company achieved 22 consecutive quarters of market share gains in the Independent Restaurant segment and 24 in Healthcare, alongside the October acquisition of Prime Line Distributors. Capital allocation included $191 million in share repurchases during the quarter, leaving $450 million remaining under the authorized program, while net debt to Adjusted EBITDA improved to 2.4x.

9. Nov 5, 2026, 6:35 AM ET·STRA·Consumer Defensive

   Strategic Education, Inc. — Third Quarter 2026 Earnings Summary

   STRATEGIC EDUCATION INC

   Consolidated revenue rose 1.6% year-over-year to $325.1 million; however, GAAP loss from operations was $87.6 million due to a $134.1 million non-cash impairment charge related to the Torrens University acquisition, while adjusted diluted EPS increased to $1.69. Management reassessed near-term growth expectations for the Australia/New Zealand segment, citing persistent international student immigration constraints and regulatory challenges that drove a 9.1% enrollment decline in the region. Education Technology Services revenue grew 11.9% to $42.8 million, and U.S. Higher Education revenue increased 0.3% to $213.7 million, driven by higher revenue per student and a 9% year-over-year increase in healthcare portfolio enrollment. The company returned $28.5 million to shareholders via share repurchases in the quarter and declared a $0.60 quarterly cash dividend, maintaining a strong liquidity position with $138.6 million in cash and no debt outstanding.

10. Nov 5, 2026, 6:33 AM ET·TAP·Consumer Defensive

    Molson Coors Beverage Company — 2026 Third Quarter Earnings Summary

    MOLSON COORS BEVERAGE CO

    Consolidated net sales declined 1.6% reported (1.2% constant currency) to $2,926.5 million for the quarter, while underlying income before taxes fell 17.4% in constant currency to $349.0 million; GAAP net income rebounded to $271.5 million from a prior-year loss driven by the absence of a $3.6 billion goodwill impairment. Management revised full-year 2026 guidance downward, now expecting net sales to decline 1–2% (vs. flat previously), underlying income to drop 21–24% (vs. 15–18%), and underlying free cash flow to reach $1.0 billion (vs. $1.1 billion). Persistent headwinds include elevated commodity and logistics costs, a strengthening U.S. dollar, and soft volume trends across the Americas and U.K., with management forecasting these pressures to persist through Q4 2026. Strategic initiatives under the "Horizon 2030" plan continue with $650 million in capital expenditure guidance and $254.9 million in share repurchases year-to-date, though restructuring charges are expected to continue into 2027.

11. Nov 5, 2026, 6:33 AM ET·KMB·Consumer Defensive

    Kimberly-Clark — Third Quarter 2026 Earnings Summary

    KIMBERLY CLARK CORP

    Financial Results: Net sales declined 0.4% year-over-year to $4.1 billion with organic sales down 1.3%, while diluted EPS from continuing operations rose to $1.19; year-to-date net sales grew 1.0% to $12.5 billion and adjusted operating profit increased 3.0% to $2.2 billion. One-Time Gains: Income from discontinued operations surged to $1.4 billion driven by a pre-tax gain from the July 1, 2026, International Family Care and Professional (IFP) transaction, which also included $52 million in separation costs. Strategic Milestones: The company completed the Kenvue acquisition on November 2, 2026, and returned $1.3 billion to shareholders via dividends in the first nine months of 2026, with quarterly dividends increased 1.6% to $1.28 per share. Outlook & Guidance: Full-year 2026 organic sales growth is projected to be approximately 100 basis points below the 1.7% category growth rate due to a 100 basis point headwind from China social media disruptions; adjusted EPS from continuing operations is expected to grow high single digits on a constant-currency basis. Segment Performance: North America sales grew 0.9% driven by volume, while International Personal Care sales fell 2.8% with a 4.6% organic decline, heavily impacted by the 770 basis point China disruption headwind.

12. Nov 5, 2026, 6:12 AM ET·INGR·Consumer Defensive

    Ingredion Incorporated — Third Quarter 2026 Earnings Summary

    INGREDION INC

    Reported diluted EPS of $2.23 and adjusted diluted EPS of $2.28 for Q3 2026 declined 15% and 17% respectively versus the prior year period, while net sales fell 1% to $1.792 billion (up 2% excluding Pakistan). Full-year 2026 guidance was lowered, with adjusted diluted EPS now projected at $9.25–$9.70 and adjusted operating income expected to decline mid-teens, driven by the Argo facility recovery delays, higher input costs, and the Pakistan business sale. Segment performance was mixed: Texture & Healthful Solutions delivered 10 consecutive quarters of volume growth despite 10% operating income decline, while Food & Industrial Ingredients–U.S./CAN saw operating income drop 36% due to manufacturing expenses and volume declines. The company declared a dividend increase to $0.83 per share (12th consecutive year) and repurchased $85 million of common stock year-to-date, while pending integration planning for the Tate & Lyle acquisition continues.

13. Nov 5, 2026, 6:05 AM ET·PRMB·Consumer Defensive

    Primo Brands — Third Quarter 2026 Earnings Summary

    PRIMO BRANDS CORP

    Net sales rose 3.1% year-over-year to $1,821.0 million, while net income from continuing operations surged to $124.5 million from $40.5 million, and adjusted EBITDA increased 1.6% to $411.0 million. Full-year 2026 guidance remains at the midpoint for net sales growth (2% to 4%) and the lower end for adjusted EBITDA ($1,465 million to $1,515 million), with adjusted free cash flow guidance unchanged at $790 million to $810 million. The Board authorized a new $300 million share repurchase program replacing the existing one and declared a $0.12 per share cash dividend, while net debt decreased to $4.8 billion with a leverage ratio of 3.32x. Growth was driven by premium brands and regional spring water, though adjusted free cash flow declined to $274.2 million from $311.1 million due to higher transportation costs and capital expenditures.

14. Nov 5, 2026, 6:03 AM ET·CELH·Consumer Defensive

    Celsius Holdings — Third Quarter 2026 Earnings Summary

    CELSIUS HOLDINGS INC

    Q3 2026 revenue reached a record $847.2 million, up 17% year-over-year, while net income turned positive at $127.0 million compared to a $61.0 million loss in the prior year; year-to-date revenue and net income grew 36% and 251% respectively. Gross margin declined 450 basis points to 46.8% due to commodity inflation and a higher mix of DSD sales, though management expects long-term margin expansion as integration initiatives mature. Portfolio performance was mixed: Alani Nu revenue surged 24% to $410.1 million, while the CELSIUS brand declined 6% to $356.8 million due to SKU optimization and channel softness; the company holds a 20.7% dollar share in the U.S. RTD energy category. The company repurchased $44.5 million of shares in Q3 2026 (totaling $168.8 million year-to-date) and appointed new leadership for CELSIUS and Rockstar Energy to strengthen execution.

15. Nov 4, 2026, 5:27 PM ET·NATR·Consumer Defensive

    Nature's Sunshine — Third Quarter 2026 Earnings Summary

    NATURES SUNSHINE PRODUCTS INC

    Net sales declined 9% year-over-year to $116.6 million, while GAAP net income and Adjusted EBITDA fell to $1.9 million and $11.1 million respectively, down from $5.3 million and $15.2 million in the prior year quarter. Full-year 2026 guidance was lowered to net sales of $460–$470 million and Adjusted EBITDA of $44–$48 million, citing a stronger U.S. dollar and operational challenges in the China market. The company holds $89.4 million in cash with zero debt, having repurchased 345,000 shares for $6.1 million during the first nine months of 2026. Management acknowledged disappointing results driven by foreign exchange headwinds and China disruptions but reaffirmed confidence in long-term potential while rebuilding the consultant leadership base.

16. Nov 4, 2026, 4:57 PM ET·BYND·Consumer Defensive

    Beyond Meat — Third Quarter 2026 Earnings Summary

    BEYOND MEAT INC

    Total net revenues declined 8.1% year-over-year to $64.5 million, while gross margin expanded significantly to 19.3% from 7.4% in the prior year period, excluding $1.7 million in prior-year China cessation expenses. Net loss narrowed to $82.8 million from $97.0 million previously, driven by a $21.8 million litigation accrual reduction and a $13.3 million non-cash derivative gain, though results included $57.1 million in non-cash asset impairment charges. Q4 2026 revenue guidance is set at $54 million to $59 million, with management citing elevated environmental uncertainty and a strategic pivot to reposition as "Beyond The Plant Protein Company." International retail revenues grew 13.3% to $17.9 million, offsetting declines in U.S. retail (-13.2%) and foodservice channels (-9.7%), while the company executed a $15.0 million 2027 Notes exchange for equity in September 2026. The company holds $169.3 million in cash and $313.9 million in debt, having reduced net cash used in operating activities to $37.3 million for the nine-month period, though it no longer qualifies for Form S-3 or at-the-market offerings.

17. Nov 4, 2026, 4:49 PM ET·IPAR·Consumer Defensive

    Interparfums, Inc. — Third Quarter 2026 Earnings Summary

    INTERPARFUMS INC

    Q3 net sales remained flat at $430 million year-over-year, while nine-month sales rose 1% to $1.115 billion; diluted EPS increased 4% to $2.13 in Q3 and 2% to $4.43 for the nine-month period, driven by gross margin expansion to 67.1% and one-time IEEPA tariff refunds totaling $14.8 million YTD. The Company raised full-year 2026 sales guidance to $1.49 billion (from $1.48 billion) while reaffirming diluted EPS guidance of $4.85, which includes approximately $17.7 million in estimated tariff refunds. Strategic capital allocation included a $50 million share repurchase in Q3 to increase ownership of Interparfums SA to 74.3%, alongside a declared quarterly cash dividend of $0.80 per share. Regional performance was mixed, with double-digit growth in Asia/Pacific and Central/South America offset by declines in Western Europe, Eastern Europe, and the Middle East due to geopolitical challenges. Management expressed optimism for 2027 and 2028 citing a pipeline of blockbuster releases and reinvestment of tariff refunds into U.S. marketing, with full-year 2027 guidance scheduled for release on November 18, 2026.

18. Nov 4, 2026, 4:31 PM ET·COTY·Consumer Defensive

    Coty Inc. — First Quarter Fiscal 2027 Earnings Summary

    COTY INC

    Financial Results: Net revenues declined 1% reported/2% LFL to $1,555.2 million; while reported operating income and adjusted EBITDA fell 8% YoY, reported net income surged 64% to $106.2 million and adjusted net income rose 38% to $146.1 million, driven by lower costs and one-time items. Cash & Balance Sheet: Free cash flow improved significantly to $84.6 million (vs. $11.2 million prior year), enabling a reduction in financial net debt to $2,576.4 million and a leverage ratio of 3.1x. Segment Performance: Top 6 Core Prestige brands returned to growth with 5% LFL, while Consumer Beauty LFL decline narrowed to 3%; however, the Consumer Beauty segment reported an operating loss of $(24.1) million, widening from the prior year. Guidance & Outlook: Q2 FY27 LFL revenue is expected to decline low-single digits with high-single-digit adjusted EBITDA pressure; full-year FY27 is defined as a transition year with a broader outlook to be provided after the strategic review concludes in calendar 2026. Strategic Actions: Coty extended the Marc Jacobs license for 40 years and suspended common stock dividends to prioritize debt reduction and reinvestment, while conducting a strategic review of the Consumer Beauty business.

19. Nov 4, 2026, 4:17 PM ET·UVV·Consumer Defensive

    Universal Corporation — Second Quarter Fiscal Year 2027 Earnings Summary

    UNIVERSAL CORP

    Consolidated revenue declined 18% year-over-year to $621.8 million for the quarter and 15% to $1.146 billion for the six months, while net income fell 63% to $12.6 million for the quarter and 82% to $7.6 million for the six months. Adjusted diluted EPS dropped 71% to $0.39 for the quarter and 89% to $0.19 for the six months, driven by a 120 basis point contraction in gross margin and a 37% decline in operating income for the quarter. Management forecasts tobacco shipments to remain heavily weighted to the second half of fiscal 2027, citing customer commitments in line with full-year plans and emerging volume interest linked to El Niño weather concerns. The company continues to transform its Ingredients platform to improve efficiency, though the segment reported a $2.1 million operating loss for the quarter due to tight apple supplies and high raw material costs. Total debt increased to $1.196 billion as of September 30, 2026, with available liquidity standing at approximately $945 million.

20. Nov 4, 2026, 4:15 PM ET·COKE·Consumer Defensive

    Coca-Cola Consolidated — Third Quarter and First Nine Months 2026 Earnings Summary

    COCA-COLA CONSOLIDATED INC

    Net sales grew 5.4% to $1,989.5 million in Q3 2026 and 10.6% to $5,888.6 million for the first nine months, driven by volume increases of 1.4% and 7.1% respectively, though Q3 volume was negatively impacted by a 1.0% shift in the Fourth of July holiday timing. Q3 net income rose 23.6% to $175.9 million, while first nine-month net income increased 3.0% to $446.2 million; however, adjusted net income declined 2.2% in Q3 and 5.5% for the nine-month period due to gross margin compression from higher commodity costs and increased net interest expense. Operating margin expanded to 13.7% in Q3 (up 60 basis points) and remained flat at 13.3% for the first nine months, supported by disciplined expense management despite higher labor and supply chain costs. Management expects full-year 2026 capital expenditures to be approximately $300 million, with long-term debt reduced by $450 million to $2,413.9 million as of October 2, 2026, while committing to strategic investments including a new glass bottle production line in Indianapolis.

21. Nov 4, 2026, 4:12 PM ET·ZVIA·Consumer Defensive

    Zevia — Third Quarter 2026 Earnings Summary

    ZEVIA PBC

    Net sales rose 18.4% year-over-year to $48.3 million, while net loss narrowed to $2.2 million ($0.03/share) from $2.8 million ($0.04/share) in the prior year period. Full-year 2026 net sales guidance was raised to $177–$179 million, with Adjusted EBITDA guidance updated to a range between breakeven and a $0.4 million loss. The company secured a $20 million growth equity investment via a definitive agreement to issue convertible preferred stock, strengthening its capital position alongside $29.5 million in existing cash and no outstanding debt. Gross margin improved 80 basis points to 46.4% driven by pricing actions and the absence of a prior-year inventory write-down, though partially offset by elevated aluminum and fuel costs. Operating cash flow for the first nine months of 2026 turned positive at $5.465 million, reversing a $4.196 million cash outflow in the same period of 2025.

22. Nov 4, 2026, 4:11 PM ET·ELF·Consumer Defensive

    e.l.f. Beauty — Second Quarter Fiscal 2027 Earnings Summary

    ELF BEAUTY INC

    Net sales increased 51% year-over-year to $520.8 million for the quarter and 43% to $1,000.2 million for the six months, marking the 31st consecutive quarter of growth. The company raised full-year fiscal 2027 guidance across all metrics, projecting net sales of $2,003-$2,029 million (up from $1,938-$1,968 million) and adjusted diluted EPS of $3.82-$3.86 (up from $3.50-$3.55). Adjusted net income reached $72.7 million for the quarter and $177.2 million for the six months, while adjusted EBITDA grew 86% and 90% year-over-year respectively, driven by a 71% gross margin and favorable tariff refunds. Strategic financial position strengthened with cash and cash equivalents rising to $350.8 million and total debt decreasing to $826.7 million, alongside a $33.8 million fair value adjustment on the rhode acquisition contingent consideration.

23. Nov 4, 2026, 4:05 PM ET·LOPE·Consumer Defensive

    Grand Canyon Education, Inc. — Third Quarter 2026 Earnings Summary

    GRAND CANYON EDUCATION INC

    Q3 2026 service revenue rose 2.4% YoY to $267.3 million, while operating income surged 185.6% to $51.5 million and net income increased 164.3% to $43.0 million, driven by enrollment growth and the absence of a 2025 litigation settlement. Full-year 2026 guidance projects service revenue between $1,160.7 million and $1,161.7 million, operating margins of 27.6%–27.7%, and diluted EPS of $9.81–$9.85. The Board approved a $355.0 million increase to the stock repurchase program, raising total authorization to $2.9 billion, with $394.5 million available as of November 2, 2026. Total enrollments grew 5.2% to 145,270, with off-campus site enrollments up 12.6% and GCU online enrollments up 7.1%, partially offset by a 4.1% decline in GCU ground student enrollments. Liquidity decreased by $137.9 million to $162.1 million as cash used for share repurchases ($278.3 million) and capital expenditures ($29.6 million) exceeded operating cash flow during the nine-month period.

24. Nov 4, 2026, 2:13 PM ET·FRPT·Consumer Defensive

    Freshpet, Inc. — Third Quarter 2026 Earnings Summary

    FRESHPET INC

    Q3 2026 net sales reached $317.8 million (up 10.0% YoY) driven by 10.0% volume gains, while Adjusted EBITDA rose to $64.5 million (20.3% of sales) from $54.6 million in the prior year; YTD net sales totaled $921.1 million (up 12.8% YoY). Full-year 2026 guidance was raised to net sales growth of 12%–13% (previously 10%–12%) and Adjusted EBITDA of $215 million–$220 million (previously $210 million–$220 million), with capital expenditures narrowed to $125 million–$150 million. Long-term 2027 outlook reiterates net sales growth well in excess of category growth, maintaining an Adjusted Gross Margin target of at least 49% and an Adjusted EBITDA margin target of 20%–22%. The company completed $102.3 million in share repurchases during the first nine months of 2026, while Free Cash Flow for the period increased to $65.3 million from $10.3 million in the prior year. Net income decreased YoY in both Q3 ($29.7 million vs. $101.7 million) and YTD ($97.7 million vs. $105.3 million) primarily due to a $77.9 million discrete tax benefit in the prior year and increased logistics costs, partially offset by a $66.6 million gain on equity investment.

25. Nov 4, 2026, 11:42 AM ET·CHSCP·Consumer Defensive

    CHS Inc. — Fiscal Year 2026 Earnings Summary

    CHS INC

    Fiscal year 2026 net income reached $1.1 billion, up from $597.9 million in fiscal year 2025, while consolidated revenues rose to $39.2 billion from $35.5 billion, driven by higher commodity prices. The company announced plans to return $300 million to owners in fiscal year 2027 via cash patronage and equity redemptions, representing a 150% increase over fiscal year 2026 distributions. Two major capital projects are pending approval: a $450 million phosphate facility in Louisiana and a $700 million soybean processing facility in Wisconsin, both expected to be operational in late 2028 or 2029. Segment performance varied significantly, with Energy pretax earnings surging $573.6 million and Grains up $83.4 million, while Agronomy and Corporate/Services pretax earnings declined by $20.6 million and $122.4 million respectively.