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The backdrop is a business performing exceptionally well by almost every operating measure. Net sales hit a record $479 million in the quarter, up 48% year-over-year, with non-GAAP EPS up 79%. Full-year guidance was raised for the second time this fiscal year, and management …

Order phasing isn't fabricated revenue; it's real sales that would otherwise have landed in a different quarter, pulled forward because a major retail event happened earlier in the calendar than the prior year. That's a timing effect, not a demand effect, and timing effects …

The setup is straightforward on paper. Analyst consensus estimates, according to FactSet and TradingView data, call for EPS of approximately $1.32 and revenue of around $1.43 billion for the quarter ended May 31, 2026. Those numbers alone don't tell the full story, though — …

Adjusted diluted EPS came in at $1.85 against a consensus estimate of $1.69 — an earnings surprise in the 9.6% to 13.5% range depending on which consensus figure is used. Revenue of $448.5 million beat expectations of $434.5 million, representing 6.3% year-over-year growth. What's …

Quarterly revenue came in at $8.2 million with gross profit of $4.3 million — a 52% gross margin, a figure many far larger and more heavily followed companies would envy. Results ran slightly ahead of annual guidance, driven by accelerated lot deliveries tied to …

The closure sits alongside two other significant charges this quarter: a $3.6 million inventory write-down and a $2.3 million inventory reserve. Together, these three items pushed reported gross margin down to just 11% of net revenue, even as management maintains that adjusted gross margin …

At the consolidated level, the numbers look healthy: roughly 7% revenue growth in the first half of 2026, with global food volumes up 3% and beverage volumes up 2%, representing the fastest volume growth the company has posted since 2022. That's a meaningfully strong …