International Meal Company Alimentação Third Quarter 2023 Earnings: Revenues Miss Expectations

International Meal Company Alimentação (BVMF:MEAL3) Third Quarter 2023 Results

Key Financial Results

• Revenue: R$626.0m (down 3.1% from 3Q 2022).
• Net income: R$23.8m (up from R$32.0m loss in 3Q 2022).
• Profit margin: 3.8% (up from net loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

International Meal Company Alimentação Revenues Disappoint

Revenue missed analyst estimates by 3.3%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in South America.

Performance of the market in Brazil.

The company's shares are up 5.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - International Meal Company Alimentação has 2 warning signs we think you should be aware of.

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