Middleby Corp Reports Record Q3 2026 Sales and Raises Full-Year Guidance
Middleby Corp (MIDD) delivered a strong third quarter for fiscal year 2026, reporting record net sales of $652.6 million, an 8.2% increase year-over-year. The company's commercial foodservice business drove significant growth, contributing to organic revenue expansion of 7.7%. Adjusted EPS rose 19% to $2.07, outperforming management's previous guidance range. Driven by robust international performance and operational efficiencies from lean manufacturing initiatives, Middleby raised its full-year outlook for revenue, adjusted EBITDA, and adjusted EPS. While the company noted headwinds from geopolitical inflation and mix shifts in lower-margin divisions, it remains focused on long-term margin expansion through the exit of its brewing business and optimized production at key facilities.
Tickers: $MIDD
Topics: Adjusted EBITDA EPS Beat Net Sales Organic Revenue Growth Revenue Guidance Share Repurchases