Middleby Net Sales Fell 26% 3Q-20 As All Eight Public E&S Companies See 25% Decline

Middleby Corp. was the last of the six current and two formerly publicly traded foodservice equipment and supplies companies to report its third-quarter 2020 results and it did so Nov. 5. Like nearly all its competitors, the severe effect of the Covid pandemic continued to undercut its commercial foodservice equipment sales, with revenues off 25.9%…