Fevertree

Can the posh mixers maker regain some fizz when it posts 2022 results?

After enjoying years of fizzing earnings upgrades and share price gains off the back of its 2014 stock market listing, posh mixers maker Fevertree (FEVR:AIM) has gone flat in recent times.

In January the company downgraded 2023 guidance thanks to rising costs – this negative news coming off the back of three profit warnings in 2022.

A key selling point for Fevertree and its premium proposition is its glass bottles (which now account for 80% of its sales mix) but the cost of producing these is heavily tied to volatile energy prices. Supply chain issues have also impacted US sales.

When it reports 2022 results on 22 March, Fevertree needs to demonstrate it is making progress on a plan to bring on stream bottling capacity in the US to help limit logistics costs and disruption. [TS]

Kingfisher

B&Q-owner bemoaned a ‘challenging’ consumer outlook when downgrading profit guidance in November

Full year results (21 March 2023) from Kingfisher (KGF) will reveal if the DIY retailer’s sales resilience continued in the final quarter, supported by demand for energy- efficiency products.

The B&Q, Screwfix and Castorama brands owner proved a lockdown winner as spending on home improvement projects surged, but the cost-of-living crisis and housing market downturn represent stiff headwinds for the company.

Kingfisher lowered its full year profit outlook with its third quarter update (24 November 2022) due to the ‘challenging’ outlook for consumer spending. [JC]

Nike

The sportswear firm is hoping for a boost from China reopening as its main rival struggles

US trainers and sportswear giant Nike (NKE:NYSE) posts third quarter numbers on 21 March with investors hoping it can match the strong second quarter update.

In the previous three-month period, earnings per share of $0.85 was comfortably ahead of the $0.64 consensus forecast and the company also raised its outlook, as management flagged progress clearing a chunky inventory pile that arose in large part due to supply chain disruptions.

Key areas of focus for the third quarter will be the impact of China reopening on its sales and whether it has been able to capitalise on the recent travails of its rival Adidas (ADS:ETR) which boss Bjørn Gulden, who took over at the start of 2023, is hoping to turn around. [TS]

General Mills 

Investors will have much to chew over with the company's Q3 results

Third quarter results (23 March) from General Mills (GIS:NYSE) provide an opportunity to see if the cereal maker has sustained the positive momentum engendered by its ‘Accelerate’ strategy as consumers grapple with cost-of-living pressures. The food multinational behind the Cheerios, Nature Valley and Haagen-Dazs brands recently raised guidance for the financial year to May 2023, citing resilient consumer demand and the growth opportunities afforded by its brand portfolio, notably dog and cat food brand Blue Buffalo. [JC]

UK UPDATES OVER THE NEXT 7 DAYS

FULL-YEAR RESULTS

21 March: Kingfisher, Oxford Nanopore Technologies, Fintel, Ergomed, Alliance Pharma, Zotefoams

Kape Technologies, Tissue Regenix, Luceco, Gamma Communications, Aptitude Software, Quixant, Henry Boot, Equals, Staffline

22 March: Hostelworld, Ten Entertainment, Vistry, Fevertree Drinks, Pendragon, LSL Property Services, Anpario, MPAC, Genel Energy, Judges Scientific, Essentra, BioPharma Credit

23 March: Playtech, Portmeirion, Safestyle, Sopheon, Pollen Street

HALF-YEAR RESULTS

20 March: SCS, YouGov

23 March: Smiths Group

TRADING UPDATES

22 March: Bloomsbury Publishing

US UPDATES OVER THE NEXT 7 DAYS

QUARTERLY RESULTS

17 March: Lithium Americas, Ballard, Orla Mining, Janux Therapeutics

20 March: Cathay Financial, Foot Locker

21 March: Nike

22 March: Tencent, GameStop

23 March: Accenture, General Mills, Cintas, Carnival

EUROPE UPDATES OVER THE NEXT 7 DAYS

QUARTERLY RESULTS

17 March: Vonovia

23 March: Hamburger Hafen

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