EarningsQ3 2024 Earnings Report

WH Group (288N) Q3 2024 Earnings Report

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Previous Report: Q2 2024

Next Report: Q4 2024

MX:288N Q3 2024 EPS Results

Actual EPS―

Consensus EPS―

Beat/Miss―

One Year Ago EPS$0.61

MX:288N Q3 2024 Revenue Results

Actual Revenue―

Expected Revenue$117.14B

Beat/Miss―

YoY Revenue Growth―

Earnings Announcement Details

QuarterQ3 2024

Date10/29/2024

TimeBefore Open

Conference CallTuesday, October 29, 2024

MX:288N Upcoming Earnings

WH Group 's next earnings date is estimated for November 25, 2026, based on past reporting schedules.

Q3 2024 Earnings Call Audio

MX:288N Q3 2024 Earnings Call

0:00 / 0:00

Q3 2024 Earnings Slide Deck

Q3 2024 Earnings Call Summary

Q3 2024

Earnings Call Date:Oct 29, 2024|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call reflected significant profit growth and improvements in North America and Europe, countered by declines in sales volume and revenue, particularly in China. Despite challenges, strategic cost management and market adjustments in the U.S. drove substantial profitability gains.

Company Guidance

During the Q3 2024 earnings call for WH Group, the company reported a total revenue of USD 18.8 billion, marking a year-over-year decline of 3.2%. Despite this, significant improvements were noted in profitability metrics: EBITDA increased by 38.9% to $2.25 billion, operating profit surged by 71% to $1.79 billion, and profit attributable to owners rose by 90% to $1.0 billion. Basic EPS also saw a 90% improvement, reaching $8.43. The packaged meats segment contributed 52.5% to the revenue and a substantial 93.8% to the operating profit, while the pork business accounted for 40.1% of revenue and 12.3% of operating profit. Regionally, North America was the main revenue generator with 52.5%, followed by China at 33%, and Europe at 14.5%. The call also highlighted market dynamics, such as rising hog prices in China and declining hog prices in Europe. Looking forward, WH Group plans to maintain its market position by optimizing operations, enhancing cost management, and leveraging its diversified business model across various regions.

Significant Profit Growth

EBITDA increased by 38.9% to $2.25 billion, operating profit increased by 71% to $1.79 billion, and profit attributable to owners increased by 90% to $1.0 billion compared to last year.

Strong North America Performance

Operating profit in North America increased by 589% to $841 million, with packaged meats profit increasing by 11.6% and pork business turning from a loss to a profit.

European Business Growth

Operating profit in Europe increased by 64.2% to $225 million, with packaged meats' operating profit up 50% and pork business profit up 64% compared to last year.

Improved Cost Structure in U.S. Hog Production

U.S. hog production turned profitable with a cost reduction of 30% in feed costs, driven by genetic improvements and better health management.

MX:288N Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 25, 2026	2026 (Q3)	- / -	1.121	―
Aug 28, 2026	2026 (Q2)	1.08 / 1.10	1.121	-1.64% (-0.02)
Apr 28, 2026	2026 (Q1)	- / 0.68	0.551	23.33% (+0.13)
Mar 24, 2026	2025 (Q4)	1.10 / 1.29	1.102	16.67% (+0.18)
Oct 28, 2025	2025 (Q3)	- / -	1.121	―
Aug 12, 2025	2025 (Q2)	1.10 / 1.12	1.121	0.00% (0.00)
Apr 29, 2025	2025 (Q1)	- / 0.55	0.661	-16.67% (-0.11)
Mar 25, 2025	2024 (Q4)	- / 1.10	0.294	275.00% (+0.81)
Oct 29, 2024	2024 (Q3)	- / -	0.606	―
Aug 13, 2024	2024 (Q2)	- / 1.12	0.606	84.85% (+0.51)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed