Bega Cheese Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags
Bega Cheese (ASX:BGA) Full Year 2024 Results
Key Financial Results
Revenue: AU$3.52b (up 4.3% from FY 2023).
Net income: AU$30.5m (up from AU$229.9m loss in FY 2023).
Profit margin: 0.9% (up from net loss in FY 2023).
EPS: AU$0.10 (up from AU$0.76 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bega Cheese Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 13%.
The primary driver behind last 12 months revenue was the Branded segment contributing a total revenue of AU$3.04b (86% of total revenue). Notably, cost of sales worth AU$2.82b amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to AU$422.5m (63% of total expenses). Explore how BGA's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Food industry in Australia.
Performance of the Australian Food industry.
The company's shares are up 16% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Bega Cheese that you should be aware of.
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