Blue Apron Announces What to Expect in 2020 

In an earnings call this week, Blue Apron discussed the meal kit company's strategy for the upcoming year. In the near-term, Blue Apron CEO Linda Findley Kozlowski stated that the company would prioritize the second pillar of their strategy which includes providing more choices and enabling more flexibility to accommodate a wider range of consumers' needs and preferences.

In early December, Blue Apron launched its latest menu expansion, allowing all customers to select from any eleven recipes on their Signature Two-Serving menu each week. The increase from eight to...

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FSIS Lifts Suspension on Brazil’s Exports of Raw Intact Beef Products to the U.S.

FSIS takes very seriously the responsibility to ensure the safety of meat, poultry, and processed egg products for American consumers. FSIS recently conducted a targeted, on-site equivalence verifcation audit of Brazil’s raw intact beef products to verify the implementation of corrective actions in response to several audits and technical discussions since FSIS suspended the export of raw intact beef from Brazil in 2017.

FSIS uses a three-pronged approach to verify that a foreign country’s inspection system for imported meat, poultry, and processed egg products achieves an equivalent level of public health protection as the U.S. inspection system...

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Feb 21 5:02 PM, Urner Barry



Blue Apron Announces What to Expect in 2020 

In an earnings call this week, Blue Apron discussed the meal kit company's strategy for the upcoming year. In the near-term, Blue Apron CEO Linda Findley Kozlowski stated that the company would prioritize the second pillar of their strategy which includes providing more choices and enabling more flexibility to accommodate a wider range of consumers' needs and preferences.

In early December, Blue Apron launched its latest menu expansion, allowing all customers to select from any eleven recipes on their Signature Two-Serving menu each week. The increase from eight to...

Full Story »
Feb 21 12:14 PM, Urner Barry


Jack in the Box Reports First Quarter FY 2020 Earnings

Jack in the Box Inc. reported financial results for the first quarter ended January 19, 2020.

Jack in the Box system same-store sales increased 1.7 percent for the quarter. Company same-store sales increased 2.9 percent in the first quarter driven by average check growth of 2.6 percent and transaction growth of 0.3 percent.

Lenny Comma, chairman and chief executive officer, said, "Our same-store sales growth in the first quarter resulted from guests continuing to respond favorably to our breadth of promotions, including compelling bundles at competitive price points and innovation on products guests crave. Looking to the remainder of 2020, we reiterate our annual targets as we...

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Feb 21 9:32 AM, General News


Ruth’s Hospitality Group Reports Fourth Quarter and Fiscal Year 2019 Financial Results

Ruth’s Hospitality Group, Inc. reported unaudited financial results for its fourth quarter and fiscal year ended December 29, 2019.

Highlights for the fourth quarter of 2019 were as follows:

  • Total revenues in the fourth quarter of 2019 increased 6.2% to $135.0 million, compared to $127.2 million in the fourth quarter of 2018.
  • Net income in the fourth quarter of 2019 decreased 2.7% to $14.5 million, or $0.50 per diluted share, compared to net income of $14.9 million, or $0.49 per diluted share, in the...
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Feb 21 9:24 AM, General News


Feb 21 8:41 AM, Urner Barry Video

VIDEO: Foodservice Suffers; Chicken Production Analysis

Foodservice Continues to Suffer from Coronavirus; Keeping Tabs on the Q1 Protein Production Trend; Sponsored by Urner Barry's Prospector
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Pilgrim's Pride Reports Fourth Quarter and Year-End Financial Results

Pilgrim’s Pride Corporation reports fourth quarter and year-end 2019 financial results.

2019 Highlights

  • Operating Income margins of 6.4% in U.S., 8.9% in Mexico and 3.3% in Europe operations, respectively.
  • Net Income of $455.9 million, or an 84% increase from last year.
  • Adjusted EBITDA of $973.8 million, a 22% increase over 2018, or an 8.5% margin.
  • Portfolio strategy and geographic diversification reducing the impact of challenging specific market conditions. EBITDA outpacing the industry competition, driven by improved execution and increased operating performance across all business units, including the U.S., Mexico and Europe.
  • Operating results from...
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Feb 21 8:28 AM, General News


ANALYSIS: Keeping Tabs on the Q1 Protein Production Trend

In light of this week’s uninspiring level of spot trade activity, we thought it would be a good opportunity to venture away from the day-to-day in favor of a broader view of...

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Feb 21 8:18 AM, Urner Barry


Hormel Foods Reports First Quarter Results

Hormel Foods Corporation reported results for the first quarter of fiscal 2020. All comparisons are to the first quarter of fiscal 2019 unless otherwise noted. The impact of the CytoSport divestiture is excluded in the presentation of the non-GAAP measures below.

Executive Summary

  • Volume of 1.2 billion lbs., down 1%; organic volume1 up 2%
  • Net sales of $2.4 billion, up 1%; organic net sales1 up 4%
  • Pretax earnings of $290 million, down 5% primarily due to the divestiture of CytoSport
  • Operating margin of 11.8%, compared to...
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Feb 21 8:17 AM, General News


Barilla Reformulates Protein+ Line

Barilla is offering a new and improved Protein+ line, now made entirely with 100% plant-based ingredients, specifically semolina durum wheat mixed with protein from lentils, chickpeas and peas. As today's consumers are increasingly looking for plant-based products, Barilla identified a delicious new recipe that removes the egg whites from the formula, while maintaining the same great taste and "al dente" texture of traditional semolina pasta.

The reformulation of Protein+ can complement a variety of lifestyles, including those that are vegan or are simply looking to incorporate more protein and fiber into their diet. The new formula now includes...

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Feb 21 8:16 AM, General News


KFC Brings Chicken & Donuts to Restaurants Nationwide

After creating a consumer frenzy with a limited run test in 2019, Kentucky Fried Chicken announced today it is bringing its coveted, always hot, Kentucky Fried Chicken & Donuts to fans nationwide.

Kentucky Fried Chicken & Donuts brings two all-American classics together, a delicious pairing of KFC's world-famous fried chicken, coupled with a warm, fresh-glazed donut. Beginning February 24, Kentucky Fried Chicken & Donuts will be available at participating restaurants in the U.S. for a limited time only.

Like the nationwide debut of Nashville Hot Chicken in 2016 and Chicken & Waffles in 2018, KFC is once again bringing the latest rising fried chicken trend to the masses with the introduction of Kentucky Fried Chicken & Donuts. This latest pairing has...

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Feb 21 8:15 AM, General News


U.S. Pork Industry Requests Additional ASF Prevention Measures

Thanks to continued vigilance by the U.S. Department of Agriculture (USDA), the Bureau of Customs and Border Protection (CBP) and the U.S. pork industry, the United States has so far prevented an outbreak of African swine fever (ASF), an animal disease affecting only pigs with no human health or food safety risks. To ensure the U.S. swine herd remains free of the disease, the National Pork Producers Council (NPPC) and 30 state pork producer associations today asked Agriculture Secretary Perdue to take additional measures, including restricting imports of organic soy products for animal feeds from all ASF-positive countries.

The U.S. pork and feed industries have adopted holding times to allow for the natural degradation of any viruses, to ensure that most imported feed ingredients are safe to use. Research indicates, however...

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Feb 20 11:51 AM, General News


The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2019 

The Cheesecake Factory Incorporated today reported financial results for the fourth quarter of fiscal 2019, which ended on December 31, 2019.

Total revenues were $694.0 million in the fourth quarter of fiscal 2019 compared to $585.2 million in the fourth quarter of fiscal 2018. Net income and diluted net income per share were $48.7 million and $1.10, respectively, in the fourth quarter of fiscal 2019. The results in this press release include the acquisition of North Italia and the remaining business of Fox Restaurant Concepts LLC on October 2, 2019.

Bottom line results of the core business were within the Company’s guidance range and the impact from the acquisition to fourth quarter results was also within...

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Feb 20 11:43 AM, General News


SpartanNash Announces Fourth Quarter and Fiscal 2019 Financial Results

SpartanNash reported financial results for its 12-week fourth quarter and 52-week fiscal year ended December 28, 2019.

Fourth Quarter Fiscal 2019 Highlights

  • Net sales growth of 5.3%, to $2.00 billion from $1.90 billion in the prior year quarter, representing the fifteenth consecutive quarter of growth.
  • Retail comparable store sales of 0.5%, were positive for the second consecutive quarter.
  • EPS of $0.15 per share; Adjusted EPS of $0.23, including $0.11 in CEO transition and supplemental incentive program costs.
  • Significant working capital improvements over the prior year, including over...
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Feb 20 10:07 AM, General News


Hormel Foods Announces Acquisition of Sadler's Smokehouse Business

Hormel Foods Corporation announced it has reached an agreement to acquire Texas-based Sadler's Smokehouse. Sadler's Smokehouse is a family-owned business that specializes in premium and authentic pit-smoked meats for retail and foodservice customers. Hormel Foods has been a customer of Sadler's Smokehouse for over two decades.

"Sadler's Smokehouse is a great company with an impressive history, talented team and an outstanding portfolio of on-trend products that resonate with consumers, customers and operators," said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods. "This is a very strategic acquisition for...

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Feb 20 9:55 AM, General News


Domino's Pizza Announces Fourth Quarter and Fiscal 2019 Financial Results

Domino's Pizza announced results for the fourth quarter and fiscal 2019, comprised of growth in global retail sales, same store sales and earnings per share. Global retail sales increased 6.9% in the fourth quarter, or 7.6% excluding foreign currency impact. Global retail sales increased 5.7% in fiscal 2019, or 8.0% excluding foreign currency impact. U.S. same store sales grew 3.4% during the quarter and 3.2% for the full year, continuing the positive sales momentum in the Company's U.S. stores business.

The international business also posted positive results, with same store sales growth of 1.7% during the quarter and 1.9% for the full year. The fourth quarter marked the 104th consecutive quarter of international same store sales growth and the 35th consecutive quarter of...

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Feb 20 9:51 AM, General News


Tyson Foods States Company is Uniquely Positioned to Meet Global Protein Demand 

Tyson Foods, Inc. CEO Noel White reiterated today at the Consumer Analyst Group of New York annual conference that, “Tyson Foods’ scale, diversified portfolio, international footprint and financial track record uniquely position the company for continued, long-term growth at a time when there’s growing global demand for protein.”

Dean Banks, who recently joined Tyson Foods as its president, said, “We have a global opportunity and innovation across our portfolio is the key,” adding, “I have a passion for innovation and have been impressed with the innovation culture at Tyson Foods.”

Banks highlighted Tyson Air Fried Perfectly Crispy Chicken, Tyson Instant Pot Kits, Jimmy Dean Omelet Minis, Jimmy Dean Loaded Sausage Bites, Hillshire Snacking Bruschetta and Pact as examples of...

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Feb 20 9:40 AM, General News


Blue Apron Closing Arlington Facility, Laying Off 240 Employees

Blue Apron announced in an earnings call this week that they are closing their facility in Arlington, Texas. The news comes after the meal kit company downsized last year at their facilities in Linden, New Jersey and Richmond, California.

CEO Linda Findley Kozlowski said that their decision to close the Arlington facility is because the company is "building a foundation of operational optimization and fiscal discipline to support our strategy to return to growth."

"Given advancements in sourcing, production and logistics, we believe this consolidation of volume into Linden and Richmond...

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Feb 20 9:38 AM, SeafoodNews


Sysco Announces Exclusive New Product Offerings from Cutting Edge Solutions

Sysco Corporation announced today the launch of eleven new and exciting menu concepts. These innovative products are available exclusively for Sysco customers nationwide through the company’s Cutting Edge Solutions platform.

Designed to help Sysco’s customers stay ahead of their competition, Cutting Edge Solutions products are sourced from best-in-class suppliers at the forefront of innovation. From better-for-you ingredients to labor-saving products, Cutting Edge Solutions products help operators easily update their menus and delight patrons with chef-tested, on-trend and innovative solutions. These versatile products also represent...

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Feb 20 8:38 AM, General News


Marfrig Reports Record-High Results for Q4

Marfrig Global Foods S.A. announced its results for the fourth quarter of 2019 (4Q19). Except where stated otherwise, the following operating and financial information is presented in nominal Brazilian real, in accordance with International Financial Reporting Standards (IFRS), and should be read together with the financial statements and respective notes for the period ended December 31, 2019 filed at the Securities and Exchange Commission of Brazil (CVM).

To improve comparisons, the results herein are identified as “proforma,” i.e., including 100% of the results of Quickfood, Várzea Grande and Iowa Premium in 4Q18. Results described as...

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Feb 20 8:29 AM, General News


Feb 20 8:23 AM, Urner Barry Video

VIDEO: Cold Storage Predictions; Turkey Export Analysis

Monthly Cold Storage Predictions; Analysis: Year-End Export Figures Are In; Sponsored by COMTELL's Phone App
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ANALYSIS: And the Year-End Export Figures Are...

The most recent release of the USDA’s export data paints a fairly choppy year-end picture to the turkey side of the business...

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Feb 20 8:20 AM, Urner Barry


Kerry Doughty Receives NTF Lifetime Achievement Award

The National Turkey Federation (NTF) and its members congratulate Kerry Doughty, 2019 NTF chairman and former CEO of Butterball, LLC, as the recipient of the 2020 NTF Lifetime Achievement Award.

Doughty received the NTF Lifetime Achievement Award during a ceremony at NTF’s 2020 Annual Convention in Nashville, Tennessee, on Saturday, February 15. Randy Day, a longtime friend and current CEO of Perdue Farms, presented Doughty with the award. Several members of Doughty’s family, including his wife, Jan, were present as well as close friends and former colleagues.

During the presentation, Day said: “Kerry and I worked together for many years. During that time, I came to admire his strong work ethic, his devotion to friends and family and...

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Feb 20 8:18 AM, General News


Farmers Join Forces for Sustainability and Responsible Climate Policy

Twenty-one farm and ranch groups representing millions of U.S. farmers and ranchers are launching Farmers for a Sustainable Future (FSF), a coalition committed to environmental and economic sustainability. This coalition will serve as a primary resource for lawmakers and policymakers as they consider climate policies.

The coalition will share with elected officials, media and the public U.S. agriculture’s commitment to sustainability and the incredible strides already made to reduce agriculture’s environmental footprint. As policy proposals are developed and considered, the goal is for the coalition and its guiding principles to serve as...

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Feb 20 8:18 AM, General News


Rabobank: Foodservice Industry Continues to Suffer from Coronavirus Outbreak

The coronavirus has had a huge impact in China, and with the virus still not under control, the foodservice industry will continue to suffer. Therefore, it is very likely that 2020 will be a difficult year.

China’s Foodservice Industry Continues to Suffer

The coronavirus outbreak will continue to impact the foodservices industry, as many of the foodservice stores, such as Starbucks, Haidilao, McDonald’s, and Yum China remain closed until further notice. With no clear sign that things will get back to normal soon, we estimate that the 50%-80% revenue losses felt during the Chinese New Year could last longer. Table 1 below shows the industry’s 2020 sales growth based on the 50%-80% revenue losses model, lasting...

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Feb 20 8:17 AM, General News


American Egg Board Introduces Made with Real Eggs Seal

People want to know and understand what is in the food they eat. To help restaurants and food manufacturers give consumers confidence in their products, the American Egg Board (AEB) has introduced the new Made with REAL Eggs certification seal to easily communicate their food products are made of genuine eggs.

Additionally, new research shows that when consumers know a product is made with real eggs, the value of the product increases. More than 80 percent of those who buy egg products said seeing the Made with REAL Eggs seal would positively influence their purchase decision. The seal also gave consumers confidence that a manufacturer's brand was of high quality (82 percent) and that a product would taste better (80 percent).

"Eggs are recognized as one of nature's most perfect foods, and one of the most popular foods among Americans today. In fact, consumer demand for eggs and egg products has reached...

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Feb 20 8:17 AM, General News


Burger King Launches Ad Campaign About Removing Artificial Preservatives from the Whopper

The Burger King brand has pulled a surprising, global, integrated advertising campaign showing its iconic Whopper sandwich covered in mold. Yes, you read it right. A Whopper sandwich covered in mold.

Instead of featuring its product with the classic, flawless, and often perfect photographic style commonly used to showcase fast food products, the Burger King brand let its most iconic product rot to make a powerful statement: The brand has achieved a milestone by...

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Feb 19 10:09 AM, General News


Feb 19 9:11 AM, Urner Barry Video

VIDEO: Monthly Cattle on Feed Predictions; Arby’s Sparks Fish Sandwich War

February Monthly Cattle on Feed Predictions;
Arby’s Sparks Fish Sandwich War;
Sponsored by Obsono’s Market Insight Report
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White Castle to Complement Impossible Slider with Dairy-Free Cheese at Select Locations

White Castle will soon become one of the first fast-food hamburger chains in the U.S. to offer a dairy-free alternative to cheddar cheese. White Castle announced that it will launch the non-dairy product on March 1 in its New Jersey and New York City restaurants.

Customers will be able to order dairy free cheddar to top any slider, including the Impossible Slider, the plant-based slider that White Castle introduced in April 2018 as a test item and then launched as a permanent menu item five months later.

"Our Impossible Slider was an instant Craver favorite, but it's about to get a new dimension with...

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Feb 19 8:16 AM, General News


PODCAST: Coronavirus and Maritime: What's the Deal?

CNBC's Lori Ann LaRocco joins the show to discuss the implications of coronavirus on protein and overall trade. With up to the minute information on international shipments and concellations, you won't want to miss this segment...

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Feb 19 8:15 AM, Urner Barry


The National Poultry & Food Distributors Association Awards Two Industry Leaders 

The National Poultry & Food Distributors Association (NPFDA) awarded two Industry Leaders during its Awards Reception at Annual Poultry Convention at the Hyatt Regency Atlanta on January 29.

Marci Walker, Corporate Director of Sales of Kelly’s Foods in Winter Garden, Florida was awarded the coveted Member of the Year Award. Pete Martin, the Senior Vice President of New Business Development from Mar-Jac Poultry in Gainesville, Georgia Farms was awarded The NPFDA Lifetime Achievement Award.

Marci Walker joined the NPFDA Board 5 years ago and was named the First female president in 2018. She has remained involved throughout the transition of NPFDA’s new Executive Director and...

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Feb 18 1:35 PM, General News


Amanda Clark Joins Papa John's as Chief Development Officer 

Papa John's International, Inc. announced the appointment of Amanda Clark as its Chief Development Officer. Ms. Clark will lead the company’s strategy to continue expanding its restaurant footprint in North America and internationally.

“Amanda is a passionate leader with a proven track record of driving growth at one of the restaurant industry’s biggest success stories over the past 10 years,” said Papa John’s President and CEO Rob Lynch. “I had the pleasure of working with Amanda during my time at both Procter & Gamble and Taco Bell, and...

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Feb 18 11:12 AM, General News


Rembrandt Foods Issues Incident Alert Update

On Friday, Rembrandt Foods shared that a cage system collapsed in one of the barns at the Rembrandt Foods Plant in Rembrandt, Iowa. One employee was missing and there was reason to believe that he was in the barn at the time of the incident. Immediate efforts went underway by several local search and rescue teams to find him.

Today, Rembrandt Foods' Sheila Hagen issued the following update...

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Feb 18 9:56 AM, General News


Walmart Releases Q4 and FY20 Full-Year Earnings

Fourth-quarter highlights

  • Total revenue was $141.7 billion, an increase of $2.9 billion, or 2.1%.
  • Walmart U.S. comp sales increased on a two-year stacked basis by 6.0% with continued strength in food and consumables.
  • Walmart U.S. eCommerce had strong growth in grocery pickup and delivery, and walmart.com had its highest quarterly growth rate of the year.
  • Sam’s Club comp sales increased 0.8%, and eCommerce sales grew 33%. Reduced tobacco sales negatively affected comp sales by approximately 300 basis points.
  • Net sales at Walmart International were...
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Feb 18 9:43 AM, General News


Feb 18 8:12 AM, Urner Barry Video

VIDEO: Poultry Trade Developments; Salmon Tariffs

China Approved Imports of All Poultry Products from U.S.; USTR Salmon Tariffs Pulled Back; Sponsored by The Meat Buyer's Guide Online
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CHART: Industry Expectations for Weekly Cattle Slaughter

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Feb 17 3:01 PM, Urner Barry


Feb 17 8:13 AM, Urner Barry Video

Influence Technology as on Consumers’ Dining Experiences; Movers of the Week from the HRI Buyers Guide; Sponsored by Obsono's Market Insight E
If you cannot see this video, please click here
 
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