Kewpie Third Quarter 2024 Earnings: EPS Beats Expectations

Kewpie (TSE:2809) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥124.1b (up 7.4% from 3Q 2023).
• Net income: JP¥7.24b (up 15% from 3Q 2023).
• Profit margin: 5.8% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: JP¥52.11 (up from JP¥45.21 in 3Q 2023).

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

Kewpie EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 3.3% 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 down 4.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Kewpie's balance sheet and an in-depth analysis of the company's financial position.

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