Stock Analysis

Bega Cheese Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

Published September 02, 2024

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).

ASX:BGA Revenue and Expenses Breakdown September 2nd 2024

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 4.7% growth forecast for the Food industry in Australia.

Performance of the Australian Food industry.

The company's shares are up 18% from a week ago.

Risk Analysis

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.