Blue Buffalo Pet Products (BUFF) Tops Q1 EPS by 1c, Beat on Revenues; Offers FY17 Outlook

Blue Buffalo Pet Products (NASDAQ: BUFF) reported Q1 EPS of $0.23, $0.01 better than the analyst estimate of $0.22. Revenue for the quarter came in at $302 million versus the consensus estimate of $299.84 million.

First Quarter Highlights

• Net sales of $302 million, up 7.9%
• Net income of $44 million, up 18.1%; Adjusted Net Income of $45 million, up 18.0%
• Adjusted EBITDA of $78 million, up 15.0%
• Diluted EPS of $0.22, up 17.3%; Adjusted Diluted EPS of $0.23, up 17.3%

2017 Outlook

• Net sales between $1,240 million and $1,270 million
• Adjusted Diluted EPS of $0.91 to $0.94

GUIDANCE:

Blue Buffalo Pet Products sees FY2017 EPS of $0.91-$0.94, versus the consensus of $0.92. Blue Buffalo Pet Products sees FY2017 revenue of $1.24-1.27 billion, versus the consensus of $1.25 billion.

For earnings history and earnings-related data on Blue Buffalo Pet Products (BUFF) click here.

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