Middleby's Q3 Earnings and Sales Miss Estimates, Decline Y/Y

The Middleby Corporation (MIDD) reported third-quarter 2024 adjusted earnings of $2.33 per share, which missed the Zacks Consensus Estimate of$2.47. The bottom line decreased 1.7% year over year due to lower sales.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Net sales of $942.8 million missed the consensus estimate of$997 million. The top line declined 3.9% year over year. Organic sales decreased 4.1%. Acquired assets boosted sales by 0.2%, while movements in foreign currencies ...