S Foods Inc

S Foods (2292): Remarkable Positive Surprises. Significant Upward Revision of Guidance

Equity Bottom-Up
161 Views, 13 Jan 2022 18:41
EXECUTIVE SUMMARY
  • Record 1-3Q OP +41% YoY; Significant upward revision of full-year guidance
  • Demand for restaurants during the year-end and New Year holidays appears to have been strong, and we assume that meat wholesaling to restaurants was generally robust
  • With the recent announcement of price hikes by a number of major competitors, it is becoming easier for the company to expect an easing of the competitive environment
detail (11-minute read)
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