BEAM Earnings: Everything You Must Know Now

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BEAM Inc (NYSE:BEAM) 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.

BEAM Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 10.34% to $0.64 in the quarter versus EPS of $0.58 in the year-earlier quarter.

Revenue: Decreased 15.26% to $637.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: BEAM Inc reported adjusted EPS income of $0.64 per share. By that measure, the company beat the mean analyst estimate of $0.6. It beat the average revenue estimate of $628.58 million.

Quoting Management: “Beam delivered strong second quarter results as five of our seven Power Brands produced double-digit sales growth,” said Matt Shattock, president and chief executive officer of Beam. “Our strategy to Create Famous Brands paid off in strong demand for our flagship Jim Beam brand, which grew double digits across the US and Europe as premium innovations such as Jim Beam Honey and Devil’s Cut added to growth for the core Jim Beam white label. We gained share in Tequila on strong performance for Sauza and Hornitos, and in vodka as Pinnacle continued its double-digit growth trajectory. At the same time, our total sales growth was tempered by soft conditions in the US ready-to-serve cocktails category.” The company noted that an increase in US distributor inventories in the second quarter largely offset the adverse sales impact of factors previously identified by the company, principally the timing of Maker’s Mark sales and lower results in India.”

Key Stats (on next page)…

Revenue increased 10.37% from $577.7 million in the previous quarter. EPS increased 0% from $0.64 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.66 and has not changed. For the current year, the average estimate has moved down from a profit of $2.66 to a profit of $2.65 over the last ninety days.

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

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