Annie's sinks after FQ4 results and soft guidance

|By:, SA News Editor

Annie's (BNNY) trades lower after posting disappointing FQ4 results and issuing weak guidance.

High commodity prices and new expenses tied to production capacity increases cut into profits.

During the company's earnings call, execs revealed they expect the company to lose $6M-$8M due to Whole Foods Market trimming inventories.

Earnings call transcript

BNNY -16.5% premarket to $29.15.