earnings
confidence high
sentiment negative
materiality 0.75
Universal Q1 FY2027 net loss $5M; revenue down 12% YoY; tobacco ops income down 90%
UNIVERSAL CORP /VA/
- Net loss of $5.0M ($0.20 diluted loss) vs net income of $8.5M ($0.34 diluted EPS) in prior year.
- Revenue $523.8M, down 12% YoY; gross margin fell 330 bps to 15.9%.
- Tobacco segment operating income $3.5M, down 90% on slower purchasing amid oversupply.
- Ingredients segment posted operating loss of $0.7M vs income $1.7M, hurt by consumer headwinds and high fixed costs.
- Shareholders re-elected three directors, approved say-on-pay, and ratified Ernst & Young as auditor.