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Four Of Six Public E&S Companies Reported Flat Or Negative Sales Trends 4Q-25 And For All 2025

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For four of the six publicly reporting foodservice equipment and foodservice equipment “adjacent” companies we follow, 4Q-25 and full-year 2025 produced more slow and/or negative sales trends. This comes from an exclusive analysis of the company results for The Ashton Report by John Muldowney, principal at Clarity M&A. Overall, blended sales of the four “original” equipment companies—Middleby…

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