Middleby Q3 sales beat estimates on commercial foodservice growth
MIDD•Middleby’s Q3 net sales rose 7.7% to $652.58 million, beating analyst estimates of $634.03 million, while adjusted EPS increased 19% to $2.07. The company raised its FY 2026 organic sales growth outlook to 7%-8%.
1. Quarterly results
Middleby reported Q3 adjusted EBITDA of $155.8 million, above the $146.59 million analyst estimate. The company said strong organic growth was driven by its commercial foodservice business and cited strategic investments and product innovation. Q3 operating income was affected by $26 million in charges related to closing Brewing businesses.
2. Raised outlook
Middleby expects FY 2026 organic net sales growth of 7%-8% and adjusted EPS of $7.13-$7.29. It forecasts Q4 net sales of $621 million to $635 million and organic growth of 4.4%. The company repurchased 1 million shares in Q3.
