Yamazaki Baking Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Yamazaki Baking (TSE:2212) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥301.8b (up 6.9% from 3Q 2023).
• Net income: JP¥5.24b (up 8.8% from 3Q 2023).
• Profit margin: 1.7% (in line with 3Q 2023).
• EPS: JP¥26.13 (up from JP¥23.36 in 3Q 2023).

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

Yamazaki Baking Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 7.6%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Japan.

Performance of the Japanese Food industry.

The company's shares are up 19% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Yamazaki Baking's balance sheet and an in-depth analysis of the company's financial position.

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