The Middleby Corporation Reports First Quarter Results and Provides COVID-19 Update
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Middleby Corp (MIDD) Misses Q1 EPS by 3c, Revenues Miss
May 7, 2020 7:25 AM EDTMiddleby Corp (NASDAQ: MIDD) reported Q1 EPS of $1.33, $0.03 worse than the analyst estimate of $1.36. Revenue for the quarter came in at $677.46 million versus the consensus estimate of $678.21 million.
In response to the COVID-19 pandemic, we have implemented swift actions to protect our employees, ensure uninterrupted service to our customers and aggressively adjust our business and cost structure for an expected revenue decline, said Middleby Chief Executive Officer Tim FitzGerald. Our businesses across all three segments support the foodservice industry and have been designated as essential in most global locations. We are proud to continue... More
