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WH Group Limited (WHGLY)
OTHER OTC:WHGLY
Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -4.27%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant profit improvements across various regions, especially in North America and Europe, driven by strategic initiatives and operational efficiencies. However, these gains were offset by challenges such as declining sales volumes and volatility in hog prices, particularly in China. Despite these issues, the company's focus on cost management and strategic positioning suggests a cautiously optimistic outlook.Company Guidance
During the WH Group's Q3 2024 earnings call, management provided detailed guidance on various financial metrics, highlighting significant improvements despite some revenue declines. Total revenue for the first nine months of 2024 was USD 18.8 billion, a year-over-year decrease of 3.2%, while the EBITDA increased by 38.9% to USD 2.25 billion. Operating profit soared by 71% to USD 1.79 billion, and profit attributable to owners of the company rose by 90% to USD 1.0 billion, resulting in a basic EPS of USD 8.43. Packaged meats, accounting for 52.5% of revenue and 93.8% of operating profit, remained the core business driver. Geographically, North America contributed 52.5% of the revenue and 46.9% of the operating profit, while China and Europe accounted for 33% and 14.5% of revenue, respectively. Hog prices in China increased, affecting supply, whereas in the U.S., improved hog production was noted with a rebound in prices and reduced feed costs. The company aims to continue optimizing business structures, leveraging industrialization, and enhancing cost management to sustain growth.EBITDA and Profit Surge
EBITDA increased by 38.9% to $2.25 billion, and operating profit increased by 71% to $1.79 billion. Profit attributable to owners rose by 90% to $1.0 billion.
North America Profit Turnaround
North America's operating profit was $841 million, a 589% increase, with packaged meats profit up 11.6% and pork business turning a substantial loss into a profit.
Strong European Performance
European operating profit increased by 64.2%, with packaged meats and pork business profits increasing by 50% and 64%, respectively.
Packaged Meats Strategy Success
The U.S. packaged meats business saw improvements in per metric ton profit, driven by a 3% increase in average selling price and improved product mix.
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WHGLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WHGLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $16.17 | $16.12 | -0.31% |
| Aug 13, 2024 | $13.26 | $13.23 | -0.23% |
| Apr 22, 2024 | $12.96 | $13.18 | +1.70% |
| Mar 26, 2024 | $12.33 | $12.40 | +0.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does WH Group Limited (WHGLY) report earnings?
WH Group Limited (WHGLY) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is WH Group Limited (WHGLY) earnings time?
WH Group Limited (WHGLY) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WHGLY EPS forecast?
Currently, no data Available
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