Westrock Coffee (NASDAQ:WEST) Full Year 2023 Results

Key Financial Results

• Revenue: US$864.7m (flat on FY 2022).
• Net loss: US$34.7m (loss narrowed by 55% from FY 2022).
• US$0.43 loss per share (improved from US$1.60 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Westrock Coffee Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 87%.

The primary driver behind last 12 months revenue was the Beverage Solutions segment contributing a total revenue of US$722.9m (84% of total revenue). Notably, cost of sales worth US$724.9m amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$142.1m (81% of total expenses). Explore how WEST's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Food industry in the US.

Performance of the American Food industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Westrock Coffee that you should be aware of.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.