Market Overview

Why Blue Buffalo Is Soaring

Share:

Blue Buffalo Pet Products Inc (NASDAQ: BUFF) shares are up 22.09 percent at $22.66 on Wednesday.

The rise comes on back of a positive fourth-quarter and full-year 2015 results.

Q4 Highlights

Highlights from the results include net sales up 11.4 percent at $265 million; net income down 54.4 percent at $10 million, but adjusted net income up 35.2 percent at $31 million; adjusted EBITA up 28.8 percent at $56 million; diluted EPS down 54.4 percent at $0.05 and adjusted diluted EPS up 35.2 percent at $0.16.

Full-Year Highlights

For the full year, net sales came in up 12 percent at $1,017; net income was down 12.3 percent at $89 million, but adjusted net income came in up 14.9 percent at $122 million; adjusted EBITDA was up 14.8 percent at $222 million; diluted EPS was down 12.4 percent at $0.45, but adjusted diluted EPS up 14.8 percent at $0.62.

Blue Buffalo CEO Kurt Schmidt commented, "I am pleased with our fourth quarter results. Blue Buffalo delivered a strong finish to a strong year. We continued to gain share, improve our margins and invest in new legs of growth."

Looking forward, the 2016 outlook includes net sales of $1,120 million to $1,140 million, and an adjusted diluted EPS between $0.72 and $0.74.

Posted-In: Kurt SchmidtEarnings News Movers Trading Ideas

 

Related Articles (BUFF)

View Comments and Join the Discussion!

Nomura Hikes Wendy's Sales Outlook After 'Favorable' Burger Channel Checks

MKM Partners Says To Expects The Vix Curve To Cycle Trough To Peak, Sees Elevated Spot Floor Between 15-17 Range