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Archer Daniels Midland Company (ADM - Free Report) is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products.Shares of Archer Daniels have outpaced the industry in a year's time on robust earnings surprise trend, which continued in third-quarter 2022. Both top and bottom lines beat estimates and grew year over year. This marked the 13th straight quarter of an earnings surprise and the 12th straight quarter of adjusted operating profit growth. Results were bolstered by robust global demand, gains from the integrated global value chain and a solid product portfolio. Persistent growth in the Nutrition segment remained a key growth driver. It expects the nutrition segment operating profit growth of 15-20% in 2022. The fourth-quarter performance is likely to be higher year over year, driven by the continued demand in the Human Nutrition unit. Archer Daniels is on track with the Readiness goals of driving business improvement, standardizing functions and enriching consumers’ experience. As a part of readiness efforts, the company introduced a company-wide simplification initiative. The company’s strategic pillars for growth as well as the aforementioned new initiatives are guided and supported by the Readiness program, focused on accelerating and enhancing competitiveness.
Walmart Inc. (WMT - Free Report) has evolved from just being a traditional brick-and-mortar retailer into an omnichannel player.Walmart has outpaced the industry in the past three months. Shares of Walmart have increased 11.5% in the past three months compared with the industry’s growth of 9.5%. WMT delivered a trailing four-quarter earnings surprise of 3.8%, on average. The Zacks Consensus Estimate for Walmart’s fiscal 2023 earnings has moved 3.8% north in the past 60 days. The company has been gaining from its sturdy comp sales record, which in turn is driven by its constant expansion efforts and splendid e-commerce performance. The company has been benefiting from its robust omnichannel operations due to its efforts to enhance both store and online experience. Walmart has been particularly gaining from its efforts to boost delivery services through acquisitions and partnerships. The company’s U.S. comp sales continued to benefit from an increased market share in grocery in the second quarter of fiscal 2023, wherein the top line grew year over year. Management raised its net sales view for fiscal 2023.
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Archer Daniels Midland Company (ADM - Free Report) is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products.Shares of Archer Daniels have outpaced the industry in a year's time on robust earnings surprise trend, which continued in third-quarter 2022. Both top and bottom lines beat estimates and grew year over year. This marked the 13th straight quarter of an earnings surprise and the 12th straight quarter of adjusted operating profit growth. Results were bolstered by robust global demand, gains from the integrated global value chain and a solid product portfolio. Persistent growth in the Nutrition segment remained a key growth driver. It expects the nutrition segment operating profit growth of 15-20% in 2022. The fourth-quarter performance is likely to be higher year over year, driven by the continued demand in the Human Nutrition unit. Archer Daniels is on track with the Readiness goals of driving business improvement, standardizing functions and enriching consumers’ experience. As a part of readiness efforts, the company introduced a company-wide simplification initiative. The company’s strategic pillars for growth as well as the aforementioned new initiatives are guided and supported by the Readiness program, focused on accelerating and enhancing competitiveness.
Walmart Inc. (WMT - Free Report) has evolved from just being a traditional brick-and-mortar retailer into an omnichannel player.Walmart has outpaced the industry in the past three months. Shares of Walmart have increased 11.5% in the past three months compared with the industry’s growth of 9.5%. WMT delivered a trailing four-quarter earnings surprise of 3.8%, on average. The Zacks Consensus Estimate for Walmart’s fiscal 2023 earnings has moved 3.8% north in the past 60 days. The company has been gaining from its sturdy comp sales record, which in turn is driven by its constant expansion efforts and splendid e-commerce performance. The company has been benefiting from its robust omnichannel operations due to its efforts to enhance both store and online experience. Walmart has been particularly gaining from its efforts to boost delivery services through acquisitions and partnerships. The company’s U.S. comp sales continued to benefit from an increased market share in grocery in the second quarter of fiscal 2023, wherein the top line grew year over year. Management raised its net sales view for fiscal 2023.