Armanino Foods of Distinction, Inc. Reports the Highest First Quarter Profits in Company's History

Armanino Foods of Distinction, Inc. reported its highest quarterly profits ever for the first quarter ending March 31, 2024. Armanino continued its profitability streak for the 83rd quarter in a row.

Net sales for the first quarter of 2024 were $15,720,317 compared to $16,351,866 for the same period last year, a decrease of 4%. Income before taxes for Q1 2024 was $3,116,504 compared to $2,561,406 for the same quarter in 2023, an increase of 22%. Net income for this period was...

Deliveroo Guides For Higher Earnings, Positive Free Cash Flow

Deliveroo guided for further growth in its core earnings this year after its 2023 results were better than expected.

The food-delivery company expects its adjusted earnings before interest, taxes, depreciation and amortization—a metric that strips out exceptional and other one-off items—to be between 110 million and 130 million pounds ($141 million-$166 million) in 2024, it said Thursday. It guided for positive free cash flow for the year, and expects its gross transaction value to grow between 5% and 9%, with a first quarter...

Good Times Restaurants Reports Results for the 2024 First Fiscal Quarter Ending December 26, 2023

Good Times Restaurants Inc. (Nasdaq: GTIM), operator of the Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard restaurant brands, today reported financial results for the 2024 first fiscal quarter ended December 26, 2023.

Key highlights of the Company’s financial results include:

• Total Revenues for the quarter decreased 0.8% to $33.1 million compared to the first quarter of fiscal 2023
• Total Restaurant Sales for Bad Daddy’s restaurants were $24.1 million for the quarter
• Same Store Sales1 for company-owned Bad Daddy’s restaurants...

Cracker Barrel Reports First Quarter Fiscal 2024 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the first quarter of fiscal 2024 ended October 27, 2023.

First Quarter Fiscal 2024 Highlights

• The Company reported first quarter total revenue of $823.8 million. Compared to the prior year first quarter, total revenue decreased 1.9%.
• Comparable store restaurant sales decreased 0.5%, while comparable store retail sales decreased 8.1%.
• GAAP operating income for the first quarter was $11.4 million, or 1.4% of total revenue, and adjusted1 operating income was $19.0...

Cal-Maine Foods Reports Results for First Quarter Fiscal 2024

Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the first quarter of fiscal 2024 (thirteen weeks) ended September 2, 2023.

First Quarter Fiscal Year 2024 Highlights

• Quarterly net sales of $459.3 million
• Quarterly net income of $926,000 or $0.02 per basic and diluted common share
• Net average selling price for specialty eggs increased 8.4 percent quarter-over-quarter....

Nathan's Famous, Inc. Reports First Quarter Results

Nathan's Famous, Inc. today reported results for its first fiscal quarter ended June 25, 2023.

For the thirteen-week period ended June 25, 2023 (“first quarter fiscal 2024”):

• Revenues were $41,985,000 as compared to $39,720,000 during the thirteen weeks ended June 26, 2022;
• Income from operations was $11,463,000 as compared to $11,780,000 during the thirteen weeks ended June 26, 2022;
• Adjusted EBITDA1, a non-GAAP financial measure, was $12,036,000 as compared to $12,065,000 during the thirteen weeks ended June 26, 2022;
• Income before provision for income...

Albertsons Companies, Inc. Reports First Quarter Fiscal 2023 Results

Albertsons Companies, Inc. today reported results for the first quarter of fiscal 2023, which ended June 17, 2023.

First Quarter of Fiscal 2023 Highlights

• Identical sales increased 4.9%
• Digital sales increased 22%
• Loyalty members increased 16% to 35.9 million
• Net income of $417 million, or $0.72 per share
• Adjusted net income of $546 million, or $0.93 per share
• Adjusted EBITDA of $1,319 million

Vivek Sankaran, CEO commented, "Our first quarter results demonstrate the resilience of our business, and the effectiveness of our Customers for Life transformation...

Kroger Beats Profit Estimates on Easing Costs, Steady Grocery Demand

Supermarket chain Kroger topped Wall Street estimates for first-quarter profit and same-store sales on Thursday, helped by steady demand for groceries and household essentials even as food prices remain high and easing supply chain costs.

Big-box retailers such as Kroger and Walmart have used their extensive nationwide operations to negotiate better deals with suppliers, which allowed them to keep prices substantially lower than competition and lure more people.

Kroger also profited from shoppers - including higher-income consumers looking for more economical options amid persistent inflation...

Restaurant Loyalty Program Points and Rewards Redemption Increased by 26% 

Lingering inflation and higher food prices in the first quarter of 2023 had many foodservice consumers looking for a deal. Customer visits to restaurants and retail foodservice outlets that took advantage of a deal rose by 8% in the quarter ending March compared to a year ago, reports Circana, formerly IRI and The NPD Group. The increase in deal visits helped to grow total commercial foodservice visits by 1% over a year ago, a traffic gain after four consecutive quarters of flat or declining growth.

Although 73% of all foodservice...

Dollar Tree, Inc. Reports Results for the First Quarter Fiscal 2023

Dollar Tree, Inc. today reported financial results for its first quarter ended April 29, 2023.

“Our initiatives to drive customer traffic and increase store productivity are having the desired impact. The Dollar Tree segment delivered a 3.4% comp, successfully cycling the 11.2% comp from the prior year’s quarter. Family Dollar continued its sales momentum with a 6.6% same-store sales increase. Importantly, both segments experienced a mid-single digit percent step-up in comp traffic. We are clearly gaining market share across the entire enterprise,” stated Rick Dreiling, Chairman...

Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 16, 2023

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 first quarter ended April 16, 2023.

Highlights for the First Quarter of Fiscal 2023, Compared to the First Quarter of Fiscal 2022:

• Total revenues are $418.0 million, an increase of $22.4 million compared to 2022.
   -Comparable restaurant revenue(1) increased 8.6%.
   -Ninth consecutive quarter of positive comparable restaurant revenue(1) growth...

BJ’s Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2023 Results

BJ’s Wholesale Club Holdings, Inc. today announced its financial results for the thirteen weeks ended April 29, 2023.

“We reported a record first quarter in net income and adjusted EBITDA, demonstrating the power of our business model and the warehouse club channel,” said Bob Eddy, President and Chief Executive Officer, BJ’s Wholesale Club. “We drove topline growth bolstered by robust traffic and share gains. We also made significant improvements on our merchandise margins largely due to waning supply chain pressures and...

New Insights from Gravy Analytics Reveal Consumers Are Choosing to Shop and Dine Closer to Home

Gravy Analytics, the leading provider of enterprise location intelligence, today released its Q1 Consumer Trends Report, which analyzed foot traffic data across a variety of locations from Q1 2022 to Q1 2023 to see how consumer behavior has changed across industries. The report found that foot traffic increased to businesses in categories like shopping and restaurants, but there was a significant decrease in accommodation traffic. The data indicates a modest return to discretionary spending, with consumers prioritizing shopping and dining out closer to home... 

G. WIlli-Food International Reports First Quarter 2023 Results with a Record High Quarterly Sales

G. Willi-Food International Ltd., a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the first quarter ended March 31, 2023.

First Quarter Fiscal Year 2023

• Sales increased by 28.2% to NIS 151.4 million (US$ 41.9 million) from NIS 118.1million (US$ 32.7 million) in the first quarter of 2022.
• Gross profit increased by 17.0% year-over-year to NIS 40.0 million (US$ 11.1 million).
• Operating income increased by 37.7%... 

Maple Leaf Foods Reports First Quarter 2023 Financial Results

Maple Leaf Foods Inc. today reported its financial results for the first quarter ended March 31, 2023.

"Although global pork markets continued in their dislocation during our first quarter as expected, we made excellent progress in important dimensions of this inflection point year," said Michael H. McCain, Executive Chair and CEO of Maple Leaf Foods. "Our supply chain has made exceptional progress back to full normalization, we have advanced our much-needed inflation pricing, we began taking advantage of our renewed access to the Chinese markets and continue to see...

US Foods Reports First Quarter Fiscal Year 2023 Earnings

US Foods Holding Corp one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2023.

First Quarter Fiscal 2023 Highlights

• Net income available to common shareholders improved to $75 million
• Adjusted EBITDA increased 39.8% to $337 million
• Diluted EPS was $0.32; Adjusted Diluted EPS was $0.50
• Net sales increased 9.5% to $8.5 billion
• Total case volume increased 5.7%; independent restaurant case volume increased 8.1%

“We are encouraged by our start to the year as US Foods delivered...

March Pork Exports Largest in Nearly Two Years; Beef Exports Show Signs of Rebound

March exports of U.S. pork were the largest since May 2021, according to data released by USDA and compiled by USMEF. While below last year’s high volume, March beef exports were the largest since October.

March pork exports totaled 260,195 metric tons (mt), up 17% year-over-year and the ninth largest volume on record. Export value was also ninth largest at $724 million, up 18% from a year ago. These results capped a strong first quarter for U.S. pork as exports reached 716,691 mt...

Wingstop Inc. Reports Fiscal Quarter 2023 Fiancial Results

Wingstop Inc. today announced financial results for the fiscal first quarter ended April 1, 2023.

Highlights for the fiscal first quarter 2023 compared to the fiscal first quarter 2022:

• System-wide sales increased 30.4% to $821.6 million
• 37 net new openings in the fiscal first quarter 2023, resulting in an increase in unit count of 11.4%
• Domestic same store sales increased 20.1%
• Domestic restaurant AUVs increased to $1.7 million
• Digital sales increased to 65.2%
• Total revenue increased 42.7% to $108.7 million
• Net income increased 80.6% to... 

Dine Brands Global, Inc. Reports Q1 Same Store Sales and Profit Growth

Dine Brands Global, Inc. ,the parent company of Applebee’s Neighborhood Grill & Bar, IHOP and Fuzzy’s Taco Shop restaurants, today announced financial results for the first quarter of fiscal 2023.

“Dine Brands has demonstrated resiliency in a challenging operating environment, which reflects the strength of our brands and strong execution,” said John Peyton, chief executive officer, Dine Brands Global. “Looking ahead, we will adapt with agility and a guest-first mindset. Dine remains committed to investing in growth, generating cash and creating value for our shareholders.”

Vance Chang, chief...

The Chefs’ Warehouse Reports First Quarter 2023 Financial Results

The Chefs’ Warehouse, Inc., a premier distributor of specialty food products in the United States, Middle East, and Canada, today reported financial results for its first quarter ended March 31, 2023.

Financial highlights for the first quarter of 2023:

• Net sales increased 40.5% to $719.6 million for the first quarter of 2023 from $512.1 million for the first quarter of 2022.
• GAAP net income was $1.4 million, or $0.04 per diluted share, for the first quarter of 2023 compared to $1.4 million, or $0.04...