Stock Track | Middleby Soars 6.67% in Pre-Market on Strong Q1 Results and Raised Guidance

Stock Track
May 07

Middleby's stock price surged 6.67% during pre-market trading following the release of better-than-expected first-quarter results and raised full-year guidance.

The food equipment maker reported Q1 2026 sales of $839.91 million, beating analyst estimates of $777.71 million. Adjusted earnings per share came in at $2.16, exceeding the $1.94 consensus estimate, while adjusted EBITDA of $181 million also topped expectations of $170.4 million.

Middleby raised its full-year 2026 guidance, now expecting net sales in the range of $3.36 billion to $3.44 billion compared to the FactSet estimate of $3.32 billion. The company also increased its adjusted EPS guidance to $9.54-$9.70 from the previous FactSet estimate of $9.29. Strong performance was driven by 8.1% organic sales growth in Commercial Foodservice and 25% growth in the Food Processing segment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10