Sysco Corporation Delivers Q3 Financial Results

Sysco Corporation released its financial results for the third quarter of its fiscal year, highlighting some growth despite a challenging operating environment. Unfavorable foreign exchange movements, disruptive weather events, wildfires, and softening consumer confidence have all impacted results for the period.

Total Sysco

Sysco Corporation reported a 1.1% increase in sales for the third quarter, despite a 2.0% decline in U.S. Foodservice volume. Gross profit edged down 0.8% to $3.6 billion, while operating income fell 5.7% to $681 million. Adjusted operating income declined 3.3% to $773...

Chipotle Reports Q1 2025 Revenue Growth Despite Avocado Cost Pressures 

California-based chain Chipotle Mexican Grill, Inc. reported its first-quarter results for the period ended March 31, 2025.

First quarter highlights, year over year:

• Total revenue increased 6.4% to $2.9 billion
• Comparable restaurant sales decreased 0.4%
• Operating margin was 16.7%, an increase from 16.3%
• Restaurant level operating margin was 26.2%, a decrease from 27.5%
• Diluted earnings per share was $0.28, a 7.7% increase from $0.26
• Adjusted diluted earnings per share was $0.29, a 7.4% increase from $0.27

Cal-Maine Foods Announce Q3 Earnings

Cal-Maine Foods announced its financial results for the third quarter of fiscal 2025, reporting net sales of $1.4 billion and net income of $508.5 million.

The company saw strong demand, setting a record for the highest total number of dozens sold during the quarter. Additionally, Cal-Maine made significant progress in its efforts to address the ongoing challenges posed by tight egg supplies in the U.S., exacerbated by rapid outbreaks of bird flu.

Key highlights from the quarter include:

• 14% increase in the...

Hormel Foods Strengthens Retail Division with Key Executive Promotions

Hormel Foods Corporation has unveiled strategic promotions within its executive team, with a focus on enhancing its leadership in the retail sector.

Scott Weisenbeck has been promoted to Vice President of Marketing – Retail. A key driver in the expansion of the company’s bacon category, Weisenbeck will now oversee a broader portfolio of brands. He has been with Hormel Foods for over 30 years and previously served as Assistant Vice President.

Joe O’Connor has been promoted to Vice President of Emerging Brands – Retail. O’Connor, who joined the company...

Dollar General Corporation Reports Fourth Quarter and Fiscal Year Financial Results

Dollar General has reported financial results for the fourth quarter and the 2024 fiscal year.

“We were pleased with the underlying performance of the business in the fourth quarter, including improved execution and solid top-line results,” said Todd Vasos, Dollar General’s chief executive officer. “As we reflect on our full fiscal 2024 year, we believe our Back to Basics work is resonating with customers, as demonstrated by higher customer satisfaction scores and healthy market share gains.”

The company reported net sales...

United Natural Foods Delivers Solid Sales Growth in Q2

United Natural Foods, Inc. (UNFI) has released its financial results for the second quarter, which ended on February 1.

The company reported solid sales growth and an improved Adjusted EBITDA for the sixth consecutive quarter. This performance is aligned with its multi-year strategic plan, which focuses on delivering sustainable value for both customers and suppliers while enhancing profitability.

For the quarter, United Natural Foods reported sales of $8.2 billion, marking a 4.9% increase compared to the same period last year. This growth was...

Publix Sees Solid Growth in Q4 and FY 2024 Results 

In its latest financial results, Publix has seen robust growth in quarterly and fiscal earnings.

For the fourth quarter of 2024, the company reported sales of $15.5 billion, reflecting a 5.5% increase compared to the same period in 2023.

Net earnings for the quarter totaled $1.1 billion.

For the full year, Publix achieved sales of $59.7 billion, a 4.6% increase over fiscal 2023.

Comparable store sales rose by 2.9% year-over-year.

Net earnings for the year amounted to...

Armanino Foods Reports Strong Q4 and Fiscal Year Growth

Armanino Foods of Distinction is celebrating its third consecutive quarter of record financial results.

The company is known for making frozen Italian specialty foods like sauces, pestos, and filled pastas that are manufactured for the foodservice, retail, and industrial markets.

For the quarter, net sales increased by 15%, reaching $18.5 million, compared to $16.1 million in the same period of 2023. For the fiscal year 2024, net sales grew by 9%, totaling $69.4 million, up from $63.6 million in 2023...

US Foods Reports Strong Fourth-Quarter and Fiscal Year 2024 Results

US Foods has announced its fourth-quarter and fiscal year results, showcasing strong growth and solid profit performance.

Fourth Quarter Highlights

US Foods achieved a 3.5% increase in total case volume in Q4. Net sales rose by 6.2%, reaching $9.5 billion. The company also saw a noteable rise in net income, which climbed to $66 million. Gross profit for the quarter increased by 4.8%, totaling $1.7 billion.

Fiscal Year 2024 Overview

For the full fiscal year 2024, the company reported a 4.2%...

Pilgrim’s Pride Delivers Solid Results for Q4 and FY2024

Global leader in poultry, Pilgrim's Pride has reported financial results for the last quarter of FY 2024 showing strong results for the quarter and the year.

The company saw net sales of $17.9 billion for the year, bringing in $4.4 billion for the quarter.

Quarter Highlights

Pilgrim’s US portfolio saw growth from strong seasonal commodity values, increased demand in Case Ready and Small Bird, and operational improvements. US Prepared Foods grew through expanded distribution across retail and foodservice, with significant sales increases in Just...

Kerry Group Reports 7.4% Increase in EBITDA for FY 2024

Kerry Group has released its 2024 financial results, showing group revenue totaling €8.0 billion, with revenue from continuing operations reaching €6.9 billion. Revenue is just below 2023’s €8.02 billion but the groups' EBITDA grew by 7.4% to €1.25 billion.

The company’s Taste & Nutrition division grew by 3.4% in volume compared to a 1.1% growth in 2023. The total group volumes also increased by 3.3%, compared to a negative 0.9% the previous year.

Kerry Group completed the sale of Kerry Dairy Ireland...

Sysco Corporation Reports Strong Q2 Results

Sysco Corporation today announced its financial results for the second quarter, ending December 28, 2024, showing robust growth across key metrics.

Sales increased by 4.5%, reaching $20.2 billion, while gross profit rose by 3.9% to $3.7 billion, reflecting solid performance across the business.

The company met analysts' expectations for the quarter, driven by strong top- and bottom-line growth. International operations, in particular, delivered exceptional results, with operating income rising by 14.5% and adjusted operating income increasing by 26.5%.

"Second quarter results included improvements across the company's core financial drivers... 

Red Robin Gourmet Burgers, Inc. Reports Preliminary Revenue Results for the Fourth Quarter 

Red Robin Gourmet Burgers, Inc. ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers and American favorites in a family-friendly atmosphere, today reported preliminary, unaudited revenue results for the fourth quarter ended December 29, 2024.

Preliminary Revenue Results for the Fourth Quarter of Fiscal 2024 as Compared to the Fourth Quarter of Fiscal 2023:

• Total revenue is expected to be approximately $285.2 million, a decrease of $23.8 million, primarily due...

Cal-Maine Foods Posts $954.7M in Q2 Sales, Sets New Records Amid Expanding Operations

Cal-Maine Foods, the nation's largest producer and distributor of fresh shell eggs, has announced its financial results for the second quarter of the 2025 fiscal year. The company reported net sales of $954.7 million, marking a significant 82% increase compared to the same period in 2024. This growth was driven primarily by higher prices and strong demand for its products. This quarter the company also set a quarterly record for total dozens sold and specialty dozens sold... 

Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2024

Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and twelve months ended September 28, 2024.

Robert P. Ingle II, Chairman of the Board, stated, “After Hurricane Helene impacted our communities, I am proud of how not only our associates came together, but our entire region. We are truly thankful for all the volunteers and the outpouring of support for our region.”

Impact of Hurricane Helene

On September 27, 2024, Hurricane Helene severely impacted western North Carolina, including the area where the Company’s headquarters are located...

Darden Restaurants Report Strong Q2 Results with 6.0% Sales Growth

Darden Restaurants reported a 6.0% increase in total sales for Q2 which ended November 24, reaching $2.9 billion, with same-restaurant sales up 2.4%.

Olive Garden generated $1.292 billion in sales, LongHorn Steakhouse brought in $710.1 million, and the company’s Fine Dining segment earned $306 million.

In addition, Darden’s Board of Directors declared a quarterly cash dividend of $1.40 per share on the company’s outstanding common stock.

"We had a strong quarter and I am pleased that our four largest brands...

Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2024

Ark Restaurants Corp. today reported financial results for the fourth quarter and fiscal year ended September 28, 2024.

The Company’s fiscal year ends on the Saturday nearest September 30. The fiscal years ended September 28, 2024 and September 30, 2023 both included 52 weeks and the quarters ended September 28, 2024 and September 30, 2023 both included 13 weeks.

Financial Results

Total revenues for the 13 weeks ended September 28, 2024 were $43,406,000 versus $44,400,000 for the 13 weeks ended...

Campbell's Mark Clouse to Retire on January 31

Campbell’s Company announced that Mick Beekhuizen will succeed Mark Clouse as President and CEO, effective February 1, 2025.

Beekhuizen, currently President of the Meals & Beverages division, has been with Campbell’s since 2019, previously serving as CFO. He is recognized for his leadership and role in Campbell’s successful acquisition of Sovos Brands. Before Campbell’s, he held senior roles at Chobani and Goldman Sachs.

Mark Clouse, who has led Campbell’s since 2019, will retire on January 31, 2025, to become President of the NFL's Washington Commanders.

Under his leadership, Campbell’s...

Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Third Quarter Ended October 6, 2024

Red Robin Gourmet Burgers, Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal third quarter ended October 6, 2024.

Highlights for the Third Quarter of Fiscal 2024, Compared to the Third Quarter of Fiscal 2023:

• Total revenues are $274.6 million, a decrease of $2.9 million.
• Comparable restaurant revenue(1) increased 0.6%.
• Net loss is $18.9 million, compared to...