Good Times Restaurants Reports Second Fiscal Quarter Same Store Sales

Good Times Restaurants Inc., operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that same store sales1 increased 0.9% for its Good Times brand and decreased 3.2% for its Bad Daddy’s brand compared to the same prior-year fiscal quarter and average weekly sales2 were $27,133 and $50,880 for its Good Times and Bad Daddy’s brands, respectively, for its second fiscal quarter ended March 26, 2024.

Ryan Zink, President and CEO, said “The strength of our Good Times brand is clearly evident from...

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...

Circana Report Reveals Private Brands Surge Amidst Inflation 

Supporting shoppers by investing in innovation and promotions is key for retailers.

Circana™, the leading advisor on the complexity of consumer behavior, ​​today released a new report on the state of private brands (also referred to as store brands or private labels). Despite high inflation, private brands have experienced growth, surpassing $217 billion in sales in the United States market. The report, “CPG Private Brands Update,” provides an update on the store brand landscape, and identifies retailer opportunities to increase demand for their own brand and private brand...

Publix Reports Fourth Quarter and Annual Results for 2023

Publix’s sales for the three months ended Dec. 30, 2023, a 13-week quarter, were $14.7 billion, a 4% decrease from $15.3 billion in 2022, a 14‑week quarter. Excluding the additional week in the fourth quarter of 2022, sales for the fourth quarter of 2023 would have increased 2.8%. Comparable store sales for the three months ended Dec. 30, 2023 increased 0.4%.

Net earnings for the three months ended Dec. 30, 2023 were $1.2 billion, compared to $1.3 billion in 2022, a decrease of 7.8%...

Wen’s Food Group Reports Approx. $9 Bln Loss in Pig Business for FY 2023

Wen's Food Group, a major Chinese food conglomerate specializing in pig breeding, processing, and distribution of pork products, provided a detailed breakdown of its FY 2023 losses during a recent conference call with investors.

Previously, in January, Wen’s Food Group announced it expected a year-on-year loss between CNY 61-67 billion (approximately $9-10 billion) for FY 2023. The company attributed this loss largely to a decrease in the Chinese market hog and broiler prices...

The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2023

The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2023, which ended on January 2, 2024.

Total revenues were $877.0 million in the fourth quarter of fiscal 2023 compared to $892.8 million in the fourth quarter of fiscal 2022. The fourth quarter of fiscal 2023 included 13 weeks compared to 14 weeks in the fourth quarter of fiscal 2022. Excluding the impact of the additional week in fiscal 2022, which contributed approximately $78.4...

US Foods Reports Fourth Quarter and Fiscal Year 2023 Earnings

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

Fourth Quarter Fiscal 2023 Highlights

• Net sales increased 4.9% to $8.9 billion
• Total case volume increased 5.6%; independent restaurant case volume increased 7.3%
• Gross profit increased 9.4% to $1.6 billion
• Net income available to common shareholders was $147 million
• Adjusted EBITDA increased 10.9% to $388 million
• Diluted EPS increased 59.5% to $0.59; Adjusted...

November Pork Export Value Highest in 30 Months; Asia Headwinds Persist for Beef

Fueled by record performances in Mexico, Central America and Colombia, November exports of U.S. pork reached the highest value since mid-2021, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). U.S. beef exports slowed in November, recording the third lowest value of 2023. November lamb exports also trended lower.

November pork exports totaled 258,601 metric tons (mt), up 5% from a year ago and the highest in six months. Export value was up 2% to $737.4 million, the highest...

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...

Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2023

Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and twelve months ended September 30, 2023.

Robert P. Ingle II, Chairman of the Board, stated, “We are happy to report results for the quarter and year-end. We continue to thank our associates for the dedication and hard work they provide to serve our customers.”

Fourth Quarter Results

Net sales totaled $1.58 billion for the quarter ended September 30, 2023, compared with $1.45 billion for the quarter ended September 24, 2022...

Census Says Retail Sales Grew Year Over Year in October But Growth Continued to Slow

Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, National Retail Federation Chief Economist Jack Kleinhenz said in response to the U.S. Census Bureau’s release of monthly retail sales data today.

“Fourth-quarter consumer spending stepped off on a more moderate pace, as expected,” Kleinhenz said. “The staying power of the American consumer has been the story of 2023, but financial conditions have...

Brazil Food Processor BRF Widens Net Loss in Q3 on Grain Prices, Chicken Glut

BRF SA, the Brazilian pork and poultry processor, widened its third-quarter loss from the year-ago period as it continued to deal with a chicken oversupply while also trying to rein in grain prices, it said on Monday.

BRF reported a 262 million real ($53.37 million) net loss in the third quarter, larger than the 136.7 million loss a year ago but slightly better than an LSEG consensus forecast of a 279 million real loss.

Despite the hit, BRF said improvements in the company's...

US Foods Reports Third Quarter Fiscal Year 2023 Earnings

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2023.

Third Quarter Fiscal 2023 Highlights

• Net sales increased 2.1% to $9.1 billion
• Total case volume increased 4.0%; independent restaurant case volume increased 5.8%
• Gross profit increased 5.6% to $1.5 billion
• Net income available to common shareholders was $95 million
• Adjusted EBITDA increased 14.5% to $402 million
• Diluted EPS decreased 11.6% to $0.38; Adjusted Diluted EPS increased 16.7% to $0.70...

Publix Reports Third Quarter 2023 Results and Stock Price

Publix’s sales for the three months ended Sept. 30, 2023 were $14 billion, a 7.2% increase from $13 billion in 2022. Comparable store sales for the three months ended Sept. 30, 2023 increased 4.3%.

Net earnings for the three months ended Sept. 30, 2023 were $833 million, compared to $394 million in 2022, an increase of 111.4%. Earnings per share for the three months ended Sept. 30, 2023 increased to $0.25 per share, up from $0.12 per share in 2022. Excluding the impact of... 

Albertsons Companies, Inc. Reports Second Quarter Fiscal 2023 Results

Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the second quarter of fiscal 2023, which ended September 9, 2023.

Second Quarter of Fiscal 2023 Highlights

• Identical sales increased 2.9%
• Digital sales increased 19%
• Loyalty members increased 17% to 37.4 million
• Net income of $267 million, or $0.46 per share
• Adjusted net income of $368 million, or $0.63 per share
• Adjusted EBITDA of $977 million

Vivek Sankaran, CEO commented, "During the second quarter, we continued to execute against our Customers for Life transformation...

Armanino Foods Reports Record Breaking Sales and the Highest Quarterly and Year to Date Profits Ever

Armanino Foods of Distinction, Inc. Reports Record Breaking Sales and the Highest Quarterly and Year to Date Profits Ever for the Third Quarter and Nine Months Ended September 30, 2023

Net sales for the third quarter of 2023 were $16,080,356 compared to $15,400,353 for the same period last year, an increase of 4%. Income before taxes for Q3 2023 was $3,050,211 compared to $2,055,215 for the same quarter in 2022, an increase of 48%...

Despite ‘One Thing’ or ‘Another,’ NRF Economist Says U.S. Economy Still Shows Resilience

The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said today.

”As Gilda Radner used to say on Saturday Night Live, ‘If it’s not one thing, it's another,’ ” Kleinhenz said. “This is certainly one of those times when that expression fits well with what is going on in the economy.”

“New turbulence from the expanding autoworkers strike and the threat of...

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....