Milky Mist says inflation hit is limited as revenue jumps 42%
In short
Milky Mist said its September quarter was strong. Revenue rose 42% and profit jumped 175%, helped by demand for value-added dairy products and selective price hikes.
The company says inflation, El Niño and geopolitical issues have not hurt it much. The reporting does not say how much came from higher prices or how long the strength may last.
What the reporting says
Milky Mist reported a strong September quarter, with revenue rising 42% and profit jumping 175%, helped by strong demand for value-added dairy products and selective price hikes. The company said inflation, El Niño and geopolitical uncertainties have had limited impact. It is not stated how much of the growth came from pricing versus volume, or whether the margin trend will continue.
Why it matters
Milky Mist reported a September-quarter jump in revenue and profit, with revenue up 42% and profit up 175% on strong demand for value-added dairy products and selective price hikes. The company also said inflation, El Niño and geopolitical uncertainties have had limited impact. The immediate implication is positive for the dairy maker’s operating performance, but the source does not break out volumes, margins, or sustainability.