
Middleby (MIDD) Stock Forecast & Price Target
Middleby (MIDD) Analyst Ratings
Bulls say
Middleby Corp demonstrated significant growth and resilience, with revenue increasing by 29% year-over-year in 2024, rebounding from a decrease of 3% in 2023. Additionally, sales in Canada notably surged by 60%, rising from $1.1 billion in 2020 to $1.7 billion in 2024, underscoring strong market demand. Furthermore, the company successfully gained 135 basis points of market share in 2024, achieving a total market share of 7.7%, reflecting its competitive positioning and growth strategy in the foodservice equipment sector.
Bears say
Middleby Corp's Commercial Foodservice Equipment Group experienced a notable decline in organic sales, dropping by 5.5% in Q2 due to decreased demand from major chain customers facing reduced traffic and cost pressures. The mixed same-store sales results among premier clients, with some chains like Pizza Hut and KFC reporting traffic declines, further highlight the challenges within the sector. Overall, the ongoing pressure on customer traffic and demand in the foodservice industry contributes to a negative outlook for Middleby's financial performance.
This aggregate rating is based on analysts' research of Middleby and is not a guaranteed prediction by Public.com or investment advice.
Middleby (MIDD) Analyst Forecast & Price Prediction
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