Earnings Preview: UNFI, CPB, DKS, CASY, THO

By Kirsteen Mackay

Mar 06, 2023

This week’s company earnings include United Natural Foods (NYSE: UNFI), Campbell Soup Company (NYSE: CPB), Dick's Sporting Goods Inc (NYSE: DKS), Casey's General Stores Inc (NASDAQ: CASY), and Thor Industries (NYSE: THO).

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Earnings Preview: UNFI, CPB, DKS, CASY, THOR

It’s a busy week for earnings, with over 300 companies reporting. Some of these include WSP Global (TSE: WSP), ABM Industries (NYSE: ABM), Linamar Corp. (TSE: LNR), Pactiv Evergreen (NASDAQ: PTVE), Maple Leaf Foods (TSE: MFI), Brown-Forman Corp. (NYSE: BF.B), Ciena Corp. (NYSE: CIEN), CrowdStrike Holdings (NASDAQ: CRWD), MasterBrand (NYSE: MBC), Genesco (NYSE: GCO), Transcontinental (TSE: TCL.A), Korn Ferry (NYSE: KFY), Bird Construction (TSE: BDT), Stella-Jones (TSE: SJ), ESAB Corp. (NYSE: ESAB), Crescent Energy Co. (OTC: CRGY), REV Group (NYSE: REVG), Wajax Corp. (TSE: WJX), Life Time Group Holdings (NYSE: LTH), KP Tissue (TSE: KPT), Nutanix (NASDAQ: NTNX), MongoDB (NASDAQ: MDB), Landsea Homes Corp. (NASDAQ: LSEA), Trulieve Cannabis Corp. (CNSX: TRUL), Stitch Fix (NASDAQ: SFIX), Barnes & Noble Education (NYSE: BNED), Softchoice Corp. (TSE: SFTC), Arhaus (NASDAQ: ARHS), Ag Growth International (TSE: AFN), Crawford & Co. (NYSE: CRD.A), Peyto Exploration & Development Corp. (TSE: PEY), Nuvei Corp. (TSE: NVEI), Agiliti (NYSE: AGTI), Element Fleet Management Corp. (TSE: EFN), Calavo Growers (NASDAQ: CVGW), Cargojet (TSE: CJT), Cricut (NASDAQ: CRCT), Pet Valu Holdings Ltd. (TSE: PET), HighPeak Energy (NASDAQ: HPK), Commercial Vehicle Group (NASDAQ: CVGI), Sovos Brands (NASDAQ: SOVO), WW International (NASDAQ: WW), Guidewire Software (NYSE: GWRE), Squarespace (NYSE: SQSP), Lifestance Health Group (NASDAQ: LFST), Zymeworks (NYSE: ZYME), Rubicon Technologies (NYSE: RBT), LoanDepot (NYSE: LDI), First Watch Restaurant Group (NASDAQ: FWRG), Pipestone Energy Corp. (TSE: PIPE), W&T Offshore (NYSE: WTI), Ayr Wellness (TSE: AYR.A), and Asana (NYSE: ASAN).

Here are some of the key earnings updates to look forward to this week:

United Natural Foods (NYSE: UNFI)

On March 8, United Natural Foods (NYSE: UNFI) is set to release its financial results for the second quarter.

According to FactSet analyst estimates, the company's earnings per share (EPS) consensus is predicted to be $1.45, while the sales consensus is $7.7bn.

Over the past year, UNFI's stock has traded between $32.90 and $49.56 and currently sits at around $42.22. Interestingly, this year alone, the United Natural Foods stock price has gone up by 10%, whereas the S&P 500 has only climbed 4% over the same period.

It's worth noting that 16 FactSet analysts have an Overweight rating on UNFI stock, with a target share price of $48.10. 

As of now, UNFI stock has a price-to-earnings ratio (P/E) of 10.80 and a market capitalization of $2.5bn. Unfortunately, there is no shareholder dividend.

Finally, in the last year, UNFI stock has returned 2.88%, while its latest annual revenue reported was $29bn.

About United Natural Foods

UNFI is a leading grocery wholesaler in North America that offers a diverse range of fresh products, including branded and owned brand items, to over 30,000 locations across the continent. These locations include natural product superstores, independent retailers, conventional supermarket chains, ecommerce providers, and food service customers.

In addition to product delivery, UNFI provides various value-added services and segmented marketing expertise, such as proprietary technology, data, market insights, and shelf management, to assist its customers and suppliers in growing their businesses and brands.

UNFI is the largest full-service grocery partner in North America and is dedicated to creating a better food system for all. The company is uniquely positioned to provide customers with great food, more choices, and innovative ideas.

Campbell Soup Company (NYSE: CPB)

Campbell Soup Company (NYSE: CPB) has announced that it will be reporting its financial results for Q2 of fiscal year 2023 on March 8, 2023. The company's President and CEO, Mark Clouse, along with Executive Vice President and CFO, Carrie Anderson, and Executive Vice President and President of Meals & Beverages, Mick Beekhuizen, will be hosting an investor conference call and webcast at 8:00 a.m. ET on the same day to discuss the results.

The quarterly report will provide insights into Campbell Soup Company's financial performance, including revenue, profits, and any notable developments that have occurred during the period.

As a global food company with a portfolio of well-known brands, Campbell Soup Company's financial results can have a significant impact on the food industry and the broader economy. Therefore, the company's quarterly earnings report is closely watched by investors, analysts, and the media.

FactSet analyst estimates predict an EPS consensus of $0.74 and a sales consensus of $2.4bn for the quarter.

Over the past year, CPB stock has traded between $41.72 and $57.78. Today it trades at around $52.42. So far this year, the Campbell Soup Company stock price is down -6.73%.

20 FactSet analysts have a consensus Hold rating on CPB stock with a target share price of $52.29.

CPB stock has a P/E of 20 and a market cap of $15.7bn. The company currently gives shareholders a 2.82% dividend yield. Its latest annual revenue reported was: $8.5bn and in the past year CPB stock has returned 15%.

About Campbell Soup Company

If you're a food lover, chances are you've come across Campbell Soup Company products at some point in your life. For more than 150 years, Campbell has been connecting people through the food they love. From Campbell's soup to Pepperidge Farm cookies, its portfolio includes a range of iconic brands that generations of consumers have trusted to provide delicious and affordable food and beverages.

Campbells is headquartered in Camden, New Jersey, and has been since 1869. In fiscal year 2022, it generated net sales of $8.6bn. Some of the other brands in its portfolio include Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Prego, Pacific Foods, Snyder's of Hanover, Swanson, and V8.

Dick's Sporting Goods Inc (NYSE: DKS)

Dick's Sporting Goods Inc (NYSE: DKS) is set to release its Q4 and full-year 2022 results on Tuesday, March 7th. According to FactSet analyst estimates, the EPS consensus is predicted to be $11.96 (with guidance of 11.50-12.10) and the sales consensus is $12.2bn for the fiscal year.

The company operates in the retail industry and its stock has traded between $63.45 and $138.43 over the past year, with a current trading price of around $129.51. In the year-to-date, the DKS stock price has risen by 7%. 

Of the 26 FactSet analysts covering DKS, there is a consensus Overweight rating on the stock with a target share price of $138.

The company has a P/E ratio of 11.5, a market cap of $10.8bn, and currently offers shareholders a dividend yield of 1.52%. Its latest annual revenue reported was $12.2bn and the DKS stock has returned 15.7% in the past year.

About Dick's Sporting Goods Inc

DICK'S Sporting Goods is a company that's all about helping athletes achieve their dreams. With over 850 stores across the US, DICK'S is a leading retailer that serves sports enthusiasts and outdoor adventurers through its many different brands like Golf Galaxy, Field & Stream, Public Lands, Going Going Gone! and Warehouse Sale. You can also shop online or through the DICK'S mobile app.

DICK'S has been around since 1948 and is based in Pittsburgh. Its believe that sports can make a positive impact on people's lives, and that's why it’s committed to supporting youth sports through its Sports Matter program and other community initiatives. Over the years, the company and its Foundation have donated millions of dollars to help under-resourced teams and athletes.

In addition to its retail stores, DICK'S also owns and operates DICK'S House of Sport and Golf Galaxy Performance Center. It even has a mobile app called GameChanger, which is designed to help with scheduling, communication, live scorekeeping, and video streaming for youth sports teams.

All in all, DICK'S Sporting Goods is a company that's passionate about helping athletes of all levels and ages achieve their goals. Whether you're a seasoned pro or just starting out, it has the equipment, resources, and support you need to succeed.

Casey's General Stores Inc (NASDAQ: CASY)

Casey's General Stores Inc (NASDAQ: CASY) has scheduled its Q3 2023 earnings release for March 7th, 2023, after market hours ET. FactSet analyst estimates suggest an EPS consensus of $1.98 and a sales consensus of $3.3bn.

The company operates in the retail industry, and over the past year, CASY stock has been trading between $170.82 and $249.90. Currently, it is trading around $211.24, and the Casey's General Stores stock price has declined by -4.39% so far this year.

According to 13 FactSet analysts, CASY stock has a consensus Overweight rating with a target share price of $259.75. The company has a P/E ratio of 19.1, a market cap of $7.8bn, and currently offers shareholders a dividend yield of 0.73%. Its latest reported annual revenue was $12.95bn, and in the past year, CASY stock has returned 11.86%.

About Casey's General Stores Inc

Casey's General Stores is a convenience store chain that operates under the names Casey's and Casey's General Store in the Midwestern states of Iowa, Missouri, and Illinois. In addition to these stores, the company also operates two stores called Tobacco City, which specialize in tobacco and nicotine products, one liquor store, and one grocery store.

The stores offer a wide variety of products including food, beverages, tobacco and nicotine products, health and beauty aids, school supplies, housewares, pet supplies, and automotive products. One of the unique features of Casey's stores is their freshly prepared food selection, which includes pizza, donuts, and sandwiches.

Each Casey's store stocks both food and non-food items, with many of the products being similar to what one would find in a supermarket. However, the selection is typically limited to one or two well-known brands of each item.

Overall, Casey's General Stores provide a convenient one-stop-shop for customers looking to grab a quick bite, pick up some household essentials, or purchase tobacco and nicotine products. With a focus on quality and freshness, Casey's has become a beloved staple of the Midwestern community.

Thor Industries (NYSE: THO)

THOR Industries (NYSE: THO) has revealed that it will release its fiscal 2023 second-quarter earnings on Tuesday, March 7, 2023, before the market opens. Additionally, the company will make available an earnings release, a comprehensive question-and-answer document, and a slide presentation on its website upon the release of the quarterly earnings.

FactSet analyst estimates predict an EPS consensus of $1.01 and a sales consensus of $2.45bn.

Over the past year, THO stock has traded between $66.26 and $105.36. Today it trades at around $92.53. So far this year, the Thor Industries stock price is up 22.6%.

13 FactSet analysts have a consensus Hold rating on THO stock with a target share price of $82.80.

THO stock has a price-to-earnings ratio (P/E) of 4.9 and a market cap of $4.9bn. The company currently gives shareholders a 1.98% dividend yield. Its latest annual revenue reported was: $16.3bn and in the past year THO stock has returned -0.98%.

About Thor Industries

If you're in the market for a recreational vehicle, you've probably heard of THOR Industries. That's because the American company is the largest manufacturer of RVs in the world. With a wide range of models available in North America and Europe, THOR builds and sells RVs along with related parts and accessories to independent dealers throughout the United States, Canada, and Europe.

What makes THOR Industries stand out is its decentralised structure. The company is actually a collection of operating companies, each of which operates independently. This structure allows THOR to be nimble and responsive to changes in the market, and to provide the best possible service to its customers. 

THOR's operating companies include Airstream, Thor Motor Coach, Keystone, Heartland, KZ, and Jayco. These companies build a variety of RVs, from luxury motorhomes to travel trailers and more. And with THOR's strong sales and revenues, it's clear that the company is doing something right. 

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Important Notice And Disclaimer

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.