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Costco Reports November and First Quarter Fiscal Year 2020 Sales Results 

Costco Wholesale Corporation reported net sales of $13.62 billion for the retail month of November, the four weeks ended December 1, 2019, an increase of 6.7 percent from $12.77 billion last year.

For the twelve-week first quarter ended November 24, 2019, the Company reported net sales of $36.24 billion, an increase of 5.6 percent from $34.31 billion last year.

For the thirteen weeks ended December 1, 2019, the Company reported net sales of $39.95 billion, an increase of 6.3 percent from...

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Dec 6 8:15 AM, General News



Kroger Reports Third Quarter 2019 Results

The Kroger Co. today reported its third quarter 2019 results and provided a Restock Kroger progress update on the company's three-year transformation plan.

Comments from Chairman and CEO Rodney McMullen

"Kroger's customer obsession and focus on operational excellence continued to generate positive results in the third quarter. Identical sales were the strongest since we started Restock Kroger and gross margin rate, excluding fuel and pharmacy, improved slightly in the quarter. At the same time, we continued to reduce costs as a percentage of sales.

We are using the power of Kroger's stable and growing supermarket business to create meaningful incremental operating profit through the alternative profit stream businesses, which adds...

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Dec 5 9:33 AM, General News


Cracker Barrel Reports First Quarter Fiscal 2020 Results

Cracker Barrel Old Country Store today reported its financial results for the first quarter ended November 1, 2019.

First Quarter Fiscal 2020 Highlights

  • Comparable store restaurant sales growth of 2.1% and traffic of -1.5% outperformed the casual dining industry.
  • As previously announced, the Company acquired Maple Street Biscuit Company in an all-cash transaction for $36 million.
  • The Company repurchased $14.2 million in shares in the first quarter.
  • GAAP earnings per diluted share were $1.79 compared to prior year first quarter earnings per diluted share of $1.96. This figure includes unfavorable impacts to earnings per diluted share for...
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Nov 26 10:04 AM, General News


Hormel Foods Reports Fourth Quarter And Fiscal 2019 Earnings

Hormel Foods Corporation, a leading global branded food company, today reported results for the fourth quarter of fiscal 2019. All comparisons are to the fourth quarter of fiscal 2018 unless otherwise noted. Results reflect the divestiture of the CytoSport business. The impact of this transaction is excluded in the presentation of the non-GAAP measures below.

Executive Summary - Fiscal 2019

  • Volume of 4.74 billion lbs., down 1%; organic volume flat
  • Net sales of $9.50 billion, down 1%; organic net sales up 1%
  • Operating income of $1.20 billion, up 1%
  • Operating margin of 12.6% compared to 12.4% last year
  • Effective tax rate of 19.1% compared to 14.3% last year
  • Diluted earnings per share of $1.80, down 3% from...
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Nov 26 9:37 AM, General News


ARYZTA Releases Q1 Financial Results

Q1 2020 Performance Overview

Group organic revenue declined by (2.5)% during the quarter. ARYZTA Europe organic revenue declined by (0.9)%, reflecting our focus on profitable revenue. ARYZTA North America organic revenue declined by (6.1)%, as previously indicated. ARYZTA Rest of World had another strong performance with organic revenue growth of 7.5%.

Group reported revenue declined by (2.1)% to €843.9m, reflecting the impact from disposals of (1.6)% and a positive currency impact of 2.0%.

Q1 2020 Performance Summary

ARYZTA AG Chief Executive Officer, Kevin Toland, commented...

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Nov 22 9:24 AM, General News


Jack in the Box Inc. Reports Fourth Quarter FY 2019 Earnings

Jack in the Box today reported financial results for the fourth quarter and fiscal year ended September 29, 2019.

Jack in the Box system same-store sales increased 3.0 percent in the fourth quarter. Company same-store sales increased 3.5 percent, driven by average check growth of 2.8 percent and transaction growth of 0.7 percent.

Lenny Comma, chairman and chief executive officer, said, "Our 2019 operating results demonstrate the momentum in the Jack in the Box brand, with same-store sales improving to the strongest performance in four years. We have now achieved...

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Nov 21 9:28 AM, General News


BJ’s Wholesale Club Holdings, Inc. Announces Third Quarter Fiscal 2019 Results

BJ’s Wholesale Club Holdings, Inc. today announced its financial results for the thirteen and thirty-nine weeks ended November 2, 2019.

“We delivered solid margin improvement and continued earnings growth in the third quarter ” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. "We remain focused on executing against our strategic plan and transforming our business to be well positioned for the long-term. The board's decision to authorize a stock repurchase program reflects...

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Nov 21 9:19 AM, General News


Aramark Reports Fourth Quarter and Full Year 2019 Earnings

Aramark today reported fourth quarter and full-year fiscal 2019 results.

“Aramark is an iconic company with a promising future. I am incredibly inspired by the many talented field leaders and valued client partners I have met in just 45 days back with the Company,” said John Zillmer, Chief Executive Officer, Aramark. “My immediate priority is to elevate the Company’s hospitality culture and drive the business forward in a way that unlocks meaningful value for all stakeholders."

Fourth Quarter Results

Consolidated revenue was $4.0 billion in the quarter, an increase of 1.0% over the prior year. Adjusted Revenue grew 4.9% compared to the prior year attributed to...

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Nov 19 10:06 AM, General News


Walmart Releases Q3 FY20 Earnings

"We're pleased with our performance for the quarter. Our associates are responding to change in an inspiring way, and we're proud of them. The Walmart U.S. business saw strong comp sales and expense leverage, and operating income grew for the sixth consecutive quarter. We also celebrated the first anniversary of Flipkart and PhonePe as part of the Walmart family. It was great to see record sales in India during The Big Billion Days event. Looking ahead, we're prepared for a good holiday season. Our integrated offering with stores and eCommerce delivers value and convenience for our customers. Our associates are working hard to ensure we succeed -- one customer, one interaction at a time," said CEO and President Doug McMillon.

  • Total revenue was $128.0 billion, an increase of $3.1 billion, or 2.5%. Excluding currency, total revenue was $129.0 billion, an increase of $4.1 billion, or 3.3%.
  • Walmart U.S. comp sales increased on a two-year stacked basis by 6.6%. Market share gains in the business were led by food and consumables, including...
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Nov 14 10:03 AM, General News


Tyson Foods Reports Fourth Quarter and Fiscal 2019 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:

Fiscal 2019 Highlights

  • GAAP EPS of $5.52, down 33% from record prior year (prior year included a one-time tax benefit of $2.71)
  • Adjusted EPS of $5.46, down 11% from record prior year
  • GAAP operating income of $2,827 million; Adjusted operating income of $2,977 million
  • GAAP operating margin of 6.7%; Adjusted operating margin of...
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Nov 12 9:31 AM, General News


FAT Brands Inc. Reports Fiscal Third Quarter 2019 Financial Results

FAT Brands Inc. today reported fiscal third quarter 2019 financial results for the 13-week period ending September 29, 2019.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased with our performance in the third quarter which included nearly 11% revenue growth and EBITDA growth of over 70%, as we continue to execute our brand acquisition strategy. During the quarter we successfully integrated our latest acquisition, Elevation Burger, which is now running at full synergies. We have built a considerable brand pipeline from which we will acquire synergistic brands to add to our unique platform.”

Wiederhorn continued, “We continue to pursue financing that will lower our cost of capital. To that end, we recently completed the initial closing of our Series B preferred offering...

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Nov 8 10:13 AM, General News


Performance Food Group Reports First-Quarter Fiscal 2020 Results

Performance Food Group Company announced its first-quarter fiscal 2020 business results.

“I am pleased with our first-quarter results driven by double-digit EBITDA growth in our Foodservice and Vistar segments,” said George Holm, PFG’s President & Chief Executive Officer. “Vistar continued to deliver strong top and bottom-line results fueled by broad-based growth across its sales channels. Our Foodservice segment generated 13% in EBITDA growth driven by its customer-centric focus and its continued strategic investments in people and technology. Based on our strong start to the year, we are pleased to increase our full-year Adjusted EBITDA and Adjusted Diluted EPS outlook.”

First-Quarter Fiscal 2020 Financial Summary

Total case volume increased 10.7% for the first quarter of fiscal 2020 compared to the prior year period, with underlying organic growth of 3.2%. Total case volume included Eby-Brown Company, LLC (“Eby-Brown”), a 5.6% increase in...

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Nov 7 10:08 AM, General News


Ajinomoto Reports Financial Results for the Interim Period of Fiscal 2019 

An overview of the consolidated financial results of Ajinomoto Co., Inc. for the interim period of fiscal 2019 (April 1, 2019 - September 30, 2019) is as follows.

In the interim period of fiscal 2019, consolidated sales decreased JPY 7.7 billion (-1.4%) compared with the same period of the previous fiscal year to JPY 538.7 billion due to factors including a substantial decline in animal nutrition sales. Business profit increased JPY 3.4 billion (+7.8%) to JPY 48.0 billion due to substantial increases in profit from umami seasonings for processed food manufacturers, frozen foods (International) and frozen foods (Japan), among other factors, despite impairment loss on...

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Nov 6 11:51 AM, General News


Kerry Group Reports Financial Results for the Third Quarter 

Kerry, the global taste & nutrition and consumer foods group, issues the following Interim Management Statement for the nine months ended 30 September 2019.

Q3 YTD Key Highlights

• 3.1% growth in business volumes
— Taste & Nutrition +3.9%
— Consumer Foods -0.7% (excluding contract exit +0.6%)
• Pricing -0.1%
• Reported revenue +10.0%
• Group trading margin +20bps
— Taste & Nutrition +20bps...

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Nov 6 11:30 AM, General News


Papa John’s Announces Third Quarter 2019 Results

Papa John’s International, Inc. today announced financial results for the three and nine months ended September 29, 2019.

Highlights

  • Third quarter 2019 loss per diluted share of ($0.10) as compared to third quarter 2018 loss per diluted share of ($0.42)
  • Excluding Special items, adjusted earnings per diluted share of $0.21 compared to $0.19 for the third quarter of 2018
  • Third quarter system-wide North America comparable sales increase of 1.0%
  • Third quarter international comparable sales increase of 1.6%; international franchise sales increase of...
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Nov 6 10:22 AM, General News


The Wendy's Company Reports Third Quarter 2019 Results

The Wendy's Company today reported unaudited results for the third quarter ended September 29, 2019.

"We delivered a strong quarter of sales and earnings growth, demonstrating that we are building an even stronger foundation for the Wendy's® brand," President and Chief Executive Officer Todd Penegor said. "We remain relentlessly focused on executing our plan to accelerate same-restaurant sales and drive global restaurant expansion across the globe. We are well positioned to drive growth in 2020 and beyond to achieve our vision of becoming the world's most thriving and beloved restaurant brand, and to become...

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Nov 6 8:58 AM, General News


Red Robin Gourmet Burgers Reports Results for the Fiscal Third Quarter

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 quarter ended October 6, 2019.

Third Quarter 2019 Financial Summary Compared to Third Quarter 2018

  • Comparable restaurant revenue increased 1.6% (using constant currency rates), the third consecutive quarter of improved trends;
  • Comparable restaurant guest counts decreased 3.1%;
  • Off-premise sales, including catering, increased 37.3% and comprised 13.2% of total food and beverage sales, including...
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Nov 6 8:48 AM, General News


US Foods Reports Third Quarter Fiscal 2019 Earnings 

US Foods Holding Corp., one of the leading foodservice distributors in the United States, today announced results for the third quarter of fiscal 2019. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from the Food Group of Companies (the "Food Group"), which was acquired on September 13, 2019.

Third Quarter Fiscal 2019 Highlights

  • Total case volume increased 3.0%; independent restaurant case volume increased 6.3%
  • Total organic case volume increased 0.9%; independent restaurant organic case volume increased 4.2%
  • Net sales increased 6.1% to $6.5 billion; organic Net sales increased 4.0% to...
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Nov 5 9:40 AM, General News


Associated British Foods Reports Annual Financial Results 

Associated British Foods has announced financial results for fiscal year 2019.

Statutory operating profit down 5% to £1,282m mainly as a result of an exceptional charge of £79m included in this year’s income statement. This year includes a greater loss on closure of businesses, and so statutory profit before tax was down 8% to £1,173m and basic earnings per share were down 13% to 111.1p.

George Weston, Chief Executive of Associated British Foods, said...

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Nov 5 9:11 AM, General News


Shake Shack Announces Third Quarter Financial Results 

Shake Shack Inc. today reported its financial results for the third quarter ended September 25, 2019, a period that included 13 weeks.

Financial Highlights for the Third Quarter 2019 compared to the Third Quarter 2018:

  • Total revenue increased 31.9% to $157.8 million.
  • Shack sales increased 31.5% to $152.4 million.
  • Same-Shack sales increased 2.0%.
  • Licensed revenue increased 43.3% to $5.4 million.
  • Shack system-wide sales increased 35.0% to $239.1 million.
  • Operating income was $8.2 million, or 5.2% of...
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Nov 5 8:34 AM, General News


Blue Apron Reports Third Quarter Results 

Blue Apron Holdings, Inc. announced today financial results for the quarter ended September 30, 2019.

“We delivered third quarter results in line with our guidance as we continue to focus on building for the future and managing the business for sustainable, long-term growth,” said Linda Findley Kozlowski, Blue Apron Chief Executive Officer. “We’re pleased to see the continued strengthening of our customer base with year-over-year improvements in certain key customer metrics in the third quarter. We continue to believe that the potential for Blue Apron remains significant and that with the execution of our strategy, we will achieve our 2020 growth targets.”

“We are pleased to have recently completed the refinancing of our revolving credit facility with our existing lender syndicate which we expect will support the continued execution of our growth strategy,” said Tim Bensley, Blue Apron Chief Financial Officer. “This transaction also...

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Nov 4 11:48 AM, General News


Sysco Reports First Quarter Fiscal 2020 Results

Sysco Corporation today announced financial results for its 13-week first fiscal quarter ended September 28, 2019.

First Quarter Fiscal 2020 Highlights

  • Sales increased 0.6% to $15.3 billion
  • Gross profit increased 1.4% to $2.9 billion; gross margin increased 15 basis points
  • Operating income increased 6.4% to $668.3 million; adjusted¹ operating income increased 7.3% to $741.9 million
  • EPS increased $0.06 to $0.87; adjusted¹ EPS increased $0.08 to $0.98

“We saw improved financial results in the first quarter with adjusted operating income growth that was...

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Nov 4 9:54 AM, General News


El Pollo Loco Announces Third Quarter 2019 Financial Results

El Pollo Loco Holdings, Inc. announced financial results for the 13-week period ended September 25, 2019.

Highlights for the third quarter ended September 25, 2019, compared to the third quarter ended September 26, 2018 were as follows:

  • Total revenue was $112.1 million compared to $112.2 million.
  • System-wide comparable restaurant sales increased 1.1%, including a 1.6% increase for company-operated restaurants, and a 0.6% increase for franchised restaurants.
  • Net income was $6.4 million, or $0.18 per diluted share, compared to...
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Nov 1 11:50 AM, General News


Ruth’s Hospitality Group, Inc. Reports Third Quarter 2019 Financial Results

Ruth’s Hospitality Group, Inc. today reported unaudited financial results for its third quarter ended September 29, 2019.

Highlights for the third quarter of 2019 were as follows:

  • Total revenues in the third quarter of 2019 increased 4.0% to $103.0 million compared to $99.0 million in the third quarter of 2018.
  • Net income in the third quarter of 2019 increased 25.7% to $4.5 million, or $0.16 per diluted share, compared to net income of $3.6 million, or $0.12 per diluted share, in the third quarter of 2018...
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Nov 1 9:03 AM, General News


Pilgrim's Pride Reports Third Quarter Results

Pilgrim’s Pride Corporation reports third quarter 2019 financial results.

Third Quarter Highlights

  • Net Sales of $2.78 billion.
  • Net Income of $109.8 million.
  • Operating Income margins of 6.5% in U.S., 11.5% in Mexico and 4.9% in Europe operations, respectively.
  • Adjusted EBITDA of $258.4 million (or a 9.3% margin), and Adjusted EPS of $0.45.
  • U.S portfolio generated an improved performance due to our differentiated strategy. Demand in less commoditized segment remained strong while pure commodity was significantly better year on year but...
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Oct 31 10:06 AM, General News


Starbucks Reports Q4 and Full Year Fiscal 2019 Results

Starbucks Corporation today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2019. GAAP results in fiscal 2019 and fiscal 2018 include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“I’m very pleased with our strong finish to fiscal 2019, as we sustained positive momentum across each of our business segments,” said Kevin Johnson, president and ceo. “Our U.S. business delivered 6% comparable store sales growth in the fourth quarter, while China grew comparable store sales by...

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Oct 31 9:25 AM, General News


Kraft Heinz Reports Third Quarter 2019 Results

The Kraft Heinz Company today reported third quarter 2019 financial results that reflected a one-time gain on the sale of the Company's Canadian natural cheese business, lower net sales, and higher input costs.

“While our third-quarter results remain below our potential, we showed sequential improvement versus the first half, and I believe we are beginning to operate the business better,” said Kraft Heinz CEO Miguel Patricio. "We are making good progress in identifying and addressing the root causes of past performance, as well as setting our strategic direction. Although there is still much work ahead, we’re encouraged by our improving performance, and...

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Oct 31 9:05 AM, General News


Glanbia Releases Third Quarter Results 

Glanbia plc, the global nutrition group, is issuing this Interim Management Statement for the nine month period ended 5 October 2019.

Results summary for the first nine months of 2019:

  • Revenues up 16.9% driven by volume up 2.4%, price up 3.2% and acquisitions adding 11.3%;
  • Strong performance from Nutritional Solutions (“NS”) growing revenue 25.4% with the Watson acquisition adding 12.2%, volume up 9.3% and price up 3.9% with good growth across dairy and non-dairy solutions globally;
  • Watson acquisition performing well with the integration on track within NS ;
  • Glanbia Performance Nutrition (“GPN”) increased revenue by 16.5% with the SlimFast acquisition adding 25.8% offset by a price decline of 1.4% and a volume decline of...
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Oct 31 8:47 AM, General News


Dine Brands Global, Inc. Reports Third Quarter 2019 Results

Dine Brands Global, Inc., the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, today announced financial results for the third quarter of 2019.

“We are pleased with our overall performance. Our business model continues to deliver robust margin expansion and generate significant adjusted free cash flow. IHOP achieved its seventh consecutive quarter of positive sales growth. While Applebee’s faced a difficult comparison against very strong same-restaurant sales in the third quarter of 2018, we are confident in the brand’s strategy that’s in place,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.

Mr. Joyce added, “We are seeing significant unit growth opportunities as...

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Oct 31 8:15 AM, General News


Yum! Brands Reports Third Quarter Results

Yum! Brands, Inc. today reported results for the third-quarter ended September 30, 2019. Worldwide system sales excluding foreign currency translation grew 8%, with 7% net-new units and 3% same-store sales growth. Third-quarter GAAP EPS was $0.81, a decrease of (42)%. Third-quarter EPS excluding Special Items was $0.80, a decrease of (23)%.

Greg Creed Comments

Greg Creed, CEO, said “Following a very strong first half of 2019 and in line with our expectations, third-quarter results were consistent with our long-term growth model. We delivered system sales growth of 8%, with same-store sales of...

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Oct 30 11:52 AM, General News


Maple Leaf Foods Reports Third Quarter 2019 Financial Results

Maple Leaf Foods Inc. today reported its financial results for the third quarter ended September 30, 2019.

Quarterly Highlights

  • Initial quarter with segmented results; meat protein and plant protein each with distinct value creation strategies
  • Sales increased 13.8%, or 5.4% excluding acquisitions, driven by growth in both meat and plant protein businesses
  • Meat Protein Group delivered Adjusted EBITDA margin(1) of 9.0% in erratic markets
  • Plant Protein Group sales grew 30.1%, while maintaining a solid core gross margin of 28.9%, or...

 

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Oct 30 8:53 AM, General News


Beyond Meat Reports Third Quarter 2019 Results 

Beyond Meat, Inc., a leader in plant-based meat, today reported financial results for its third quarter and nine months ended September 28, 2019.

Third Quarter 2019 Financial Highlights Compared to Prior Year Period

  • Net revenues were $92.0 million, an increase of 250.0%;
  • Gross profit was $32.8 million, or 35.6% of net revenues, compared to gross profit of $5.0 million, or 19.2% of net revenues, in the year-ago period;
  • Net income was $4.1 million, or $0.06 per diluted common share, compared to net loss of $9.3 million, or $1.45 per common share in the year-ago period; and...
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Oct 29 9:08 AM, General News


Grubhub Reports Third Quarter 2019 Results

Grubhub Inc., the nation's leading online and mobile food-ordering and delivery marketplace, today announced financial results for the third quarter ended September 30, 2019 and also posted a letter to shareholders on its investor relations website. The Company reported revenues of $322 million, which is a 30% year-over-year increase from $247 million in the third quarter of 2018. Gross Food Sales grew 15% year-over-year to $1.4 billion, up from $1.2 billion in the same period last year.

"Our teams had another strong quarter of execution, adding nearly one million active diners and 15,000 restaurants to our platform," said Matt Maloney, Grubhub founder and CEO. "As we detail in our shareholder letter, we are entering the next phase of growth in the U.S. online food ordering industry where...

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Oct 29 8:58 AM, General News


Wakefern Food Corp. Announces $16.6 Billion in Sales

Wakefern Food Corp. Chairman and CEO Joseph S. Colalillo, President and COO Joe Sheridan, and Executive Vice President Chris Lane addressed Wakefern shareholders, store management and staff at the company's annual shareholder meeting on October 24 in East Brunswick, New Jersey.

The company reported retail sales of $16.6 billion for the 52-week fiscal year ending September 28, 2019, a 0.7% increase from the prior year. The largest retailer-owned cooperative in the United States, Wakefern opened five new ShopRite® stores and also welcomed a new banner, Manhattan-based Gourmet Garage, during the same period.

“It’s a time of great change and challenge in our industry, but we’re excited for the journey ahead. With every new program we roll out, we are committed to providing...

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Oct 29 8:26 AM, General News


Restaurant Brands International Inc. Reports Third Quarter 2019 Results

Restaurant Brands International Inc. today reported financial results for the third quarter ended September 30, 2019.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the third quarter, we grew system-wide sales nearly 9% through a combination of strong global comparable sales growth and restaurant expansion. At Burger King, we continue to see exciting growth around the world, with our system-wide sales increasing approximately 15% internationally for the quarter and the successful launch of our Impossible Whopper driving 5% comparable sales growth in the US, our strongest level since 2015. Popeyes had one of...

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Oct 28 8:23 AM, General News


Chipotle Announces Third Quarter 2019 Results

Chipotle Mexican Grill, Inc. reported financial results for its third quarter ended September 30, 2019.

Third quarter highlights, year over year:

  • Revenue increased 14.6% to $1.4 billion
  • Comparable restaurant sales increased 11.0%, net of 10 bps from loyalty deferral, and included nearly 7.5% of comparable restaurant transactions growth
  • Digital sales grew 87.9% and accounted for 18.3% of sales for the quarter
  • Restaurant level operating margin was 20.8%, an increase of 210 basis points
  • Diluted earnings per share was $3.47, net of...
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Oct 23 8:49 AM, General News


McDonald's Reports Third Quarter 2019 Results

McDonald's Corporation today announced results for the third quarter ended September 30, 2019.

"Our third quarter performance was strong, and broad-based momentum continued with our 17th consecutive quarter of global comparable sales growth," said McDonald's President and Chief Executive Officer Steve Easterbrook. "Globally, our customers are rewarding our commitment of running better restaurants and executing our Velocity Growth Plan by visiting more often."

Third Quarter Highlights:

  • Strong, global comparable sales of 5.9% demonstrated broad-based strength with the International Operated segment increase of 5.6%, the U.S. increase of 4.8%, and the International Developmental Licensed segment increase of...
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Oct 22 9:13 AM, General News


Del Taco Reports Fiscal Third Quarter 2019 Financial Results

Del Taco Restaurants, Inc., the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal third quarter 2019 financial results for the 12-week period ending September 10, 2019.

Fiscal Third Quarter 2019 Highlights

  • System-wide comparable restaurant sales increased 1.0%;
  • Company-operated comparable restaurant sales increased 0.4%. Company-operated comparable restaurant sales were comprised of average check growth of 4.1%, including modest menu mix growth, mostly offset by a transaction decline of 3.7%;
  • Franchised comparable restaurant sales increased 1.8%;
  • Total revenue of $120.2 million representing...
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Oct 22 8:55 AM, General News


Certified Angus Beef Brand Announces 15th Consecutive Year of Growth

For the 13th straight year, Certified Angus Beef LLC reported record sales of its signature Certified Angus Beef brand. It's also the 15th consecutive year of growth for the original brand of premium Angus beef. Nearly 19,000 processor, foodservice and retail global partners marketed 1.25 billion pounds in fiscal 2019, ending Sept. 30, a 3.1% increase over fiscal 2018.

That growth, said brand president John Stika, was made possible by "an entire community of Angus farmers, ranchers and feeders being extremely intentional over several years in how they breed, raise and care for cattle with a focus on quality."

It starts at the farm, but Stika credited everyone from gate to plate who brings...

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Oct 10 8:20 AM, General News


Domino's Pizza Announces Third Quarter 2019 Financial Results

Domino's Pizza, Inc., the largest pizza company in the world based on global retail sales, announced results for the third quarter, comprised of growth in global retail sales and earnings per share. Global retail sales increased 5.8% in the third quarter, or 7.5% without the negative impact of changes in foreign currency exchange rates. U.S. same store sales grew 2.4% during the quarter versus the prior year quarter, continuing the positive sales momentum in the Company's U.S. business.

The international division also posted positive results, with same store sales growth of 1.7% during the quarter. The third quarter marked the 103rd consecutive quarter of international same store sales growth and the 34th consecutive quarter of...

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Oct 8 10:07 AM, General News


United Natural Foods, Inc. Reports Fourth Quarter Fiscal 2019 Results

United Natural Foods, Inc. today reported financial results for the fourth quarter and fiscal year ended August 3, 2019.

Highlights

  • Fourth Quarter Net Sales Increased to $6.41 billion, or 2.8% when excluding the contribution from SUPERVALU and the additional week in the quarter compared to last year's fourth quarter
  • Fourth Quarter Net income of $18.9 million
  • Fourth Quarter Earnings Per Diluted Share (EPS) of $0.36; Adjusted EPS of $0.44
  • Net outstanding debt decreased by $166 million since the end of the third quarter and...
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Oct 2 8:18 AM, General News


Cal-Maine Foods Reports First Quarter Fiscal 2020 Results

Cal-Maine Foods, Inc. today reported results for the first quarter (thirteen weeks) ended August 31, 2019.

Net sales for the first quarter of fiscal 2020 were $241.2 million, a 29.2 percent decrease, compared to $340.6 million for the first quarter of fiscal 2018. The Company reported net loss of $45.8 million, or ($0.94) per basic and diluted share, for the first quarter of fiscal 2020, compared to net income of $12.4 million, or $0.26 per basic and diluted share, for the first quarter of fiscal 2019. Results for the first quarter of fiscal 2020 include a non-cash impairment charge of $2.9 million related to decommissioning some older, less efficient production facilities as the Company continues to...

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Sep 30 11:49 AM, General News


Conagra Brands Reports First Quarter Results

Today Conagra Brands, Inc. reported results for the first quarter of fiscal year 2020, which ended on August 25, 2019. All comparisons are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including "Organic net sales," "EBITDA," "Free cash flow," "Legacy Conagra," "Legacy Pinnacle," and certain "adjusted" results, are defined under the section entitled "Definitions." Effective as of the first quarter, the Company allocated the business components comprising the previous Pinnacle Foods reporting segment to the four Legacy Conagra reporting segments.

Highlights

  • First quarter net sales grew 30.3%, and organic net sales decreased 1.7%.
  • Diluted earnings per share from continuing operations (EPS) was $0.36 in the quarter; adjusted EPS of $0.43 benefitted from double-digit growth in...
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Sep 26 9:40 AM, General News


Cargill Reports Fiscal 2020 First-Quarter Results

Cargill today reported results for the fiscal 2020 first quarter ended Aug. 31, 2019. Key measures include:

  • Adjusted operating earnings were $908 million, up 3% from $883 million last year.
  • Net earnings on a U.S. GAAP basis were $915 million, a 10% decrease from last year’s strong comparative of $1.02 billion.
  • First-quarter revenues rose 1% to $29 billion.

“Our year started on a good note as we continued to help our customers navigate an unpredictable business environment,” said Dave MacLennan, Cargill’s chairman and chief executive officer. “Right now, we are focused on modernizing all aspects of our operations so we can...

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Sep 26 9:26 AM, General News


Darden Restaurants Reports Fiscal 2020 First Quarter Results

Darden Restaurants, Inc., today reported its financial results for the first quarter ended August 25, 2019.

First Quarter 2020 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

Total sales increased 3.5% to $2.13 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 0.9%
Same-restaurant sales by brand...

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Sep 19 9:26 AM, General News


Cracker Barrel Reports Strong Fourth Quarter And Full Year Fiscal 2019 Results

Cracker Barrel Old Country Store, Inc., today reported its financial results for the fourth quarter of fiscal 2019 ended August 2, 2019.

Fourth Quarter Fiscal 2019 Highlights

  • Comparable store restaurant sales growth of 3.8% and traffic growth of 0.2% outperformed the casual dining industry.
  • Earnings per diluted share were $2.70 compared to prior year fourth quarter GAAP earnings per diluted share of $2.55, or $2.19 per share when adjusting for the impact of the prior year 53rd week.
  • As previously announced, the Company entered into a strategic relationship with Punch Bowl Social ("PBS") on July 18, 2019 by acquiring a...
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Sep 18 8:53 AM, General News


Kroger Reports Second Quarter 2019 Results

The Kroger Co. today reported its second quarter 2019 results and provided a Restock Kroger progress update on the company's three-year transformation plan.

Comments from Chairman and CEO Rodney McMullen

"The Restock Kroger framework is designed to reposition our core business by 2020 while continuing to deliver for shareholders.

We are pleased with the improvement of trends in our supermarket business in the second quarter. Guided by our customer obsession, Kroger delivered our best identical sales, without fuel, result since the launch of our transformation plan. FIFO gross margin, without fuel and pharmacy, was stable in our supermarket business. Gross margin headwinds in pharmacy were offset by strong fuel performance during...

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Sep 12 8:54 AM, General News


Tyson Foods Experiencing Short-Term Challenges in Fiscal Fourth Quarter

Tyson Foods, Inc. today said it is experiencing short-term challenges that are negatively affecting fourth quarter earnings. These challenges include margin compression related to a reversal of a gain on mark to market grain derivatives recognized in our third quarter, commodity market volatility, implementation of enhanced food safety initiatives, a beef processing plant fire, and slower than expected operational improvements in the Chicken segment. As a result, the company is revising its fiscal 2019 adjusted earnings guidance to a range of $5.30 to $5.70 per share and we continue to monitor potentially adverse mark-to-market movements and other volatilities.

“The discrete challenges we’ve encountered this quarter now lead us to believe we will fall short of our previously stated guidance,” said Noel White, Tyson Foods’ president and CEO, “but our outlook for fiscal 2020 remains...

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Sep 4 8:40 AM, General News


Sanderson Farms Reports Results for Third Quarter of Fiscal 2019

Sanderson Farms, Inc., today reported results for the third fiscal quarter and nine months ended July 31, 2019.

Net sales for the third quarter of fiscal 2019 were $945.2 million compared with $852.4 million for the same period a year ago. For the quarter, the Company reported net income of $53.4 million, or $2.41 per share, compared with net income of $11.5 million, or $0.50 per share, for the third quarter of fiscal 2018.

Net sales for the first nine months of fiscal 2019 were $2,533.8 million compared with $2,437.9 million for the first nine months of fiscal 2018. Net income for the first nine months of fiscal 2019 totaled $76.2 million, or $3.44 per share, compared with net income of $104.6 million, or $4.58 per share, for the first nine months of fiscal 2018. Net income for the first nine months of fiscal 2018 reflects a one-time non-cash benefit of $37.5 million, or...

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Aug 29 8:55 AM, General News


Red Robin Gourmet Burgers Reports Results for the Fiscal Second Quarter

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 quarter ended July 14, 2019.

Second Quarter 2019 Financial Highlights Compared to Second Quarter 2018

  • GAAP earnings per diluted share were $0.08 compared to a $0.14 loss per diluted share;
  • Adjusted earnings per diluted share were $1.03 compared to $0.46;
  • Net Income was $1.0 million compared to a net loss of $1.9 million;
  • Adjusted EBITDA was $25.5 million compared to...
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Aug 23 8:24 AM, General News


BJ’s Wholesale Club Announces Second Quarter Fiscal 2019 Results

BJ’s Wholesale Club Holdings, Inc., today announced its financial results for the thirteen and twenty-six weeks ended August 3, 2019.

“Second quarter results for sales and earnings were in line with our expectations,” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. "We delivered improved margins and continued to grow earnings as we executed against our strategic priorities. Our sales were particularly strong in the second half of the quarter as weather improved, and we ended with strong momentum. We are confident that we will deliver on our full-year expectations as we continue to...

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Aug 22 9:33 AM, General News


Hormel Foods Reports Third Quarter Results

Hormel Foods Corporation, a leading global branded food company, today reported results for the third quarter of fiscal 2019. All comparisons are to the third quarter of fiscal 2018 unless otherwise noted. Results reflect the divestiture of the CytoSport business. The impact of this transaction is excluded in the presentation of the non-GAAP measures below.

Executive Summary

  • Volume of 1.1 billion lbs., down 4%; organic volume down 1%
  • Net sales of $2.3 billion, down 3%; organic net sales flat
  • Pretax earnings of $261 million, up 1%
  • Operating margin of 11.2% compared to 10.9% last year
  • Effective tax rate of 23.6% compared to...
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Aug 22 9:11 AM, General News


Target Reports Second Quarter 2019 Earnings

Target Corporation today announced its second quarter 2019 performance, including comparable sales growth of 3.4 percent driven by a 2.4 percent increase in comparable traffic. The Company reported GAAP earnings per share (EPS) from continuing operations of $1.82 in second quarter 2019, up 22.0 percent from $1.49 in second quarter 2018. Second quarter Adjusted EPS of $1.82 was 23.9 percent higher than $1.47 in second quarter 2018. The attached tables provide a reconciliation of non-GAAP to GAAP measures. All earnings per share figures refer to diluted EPS.

  • Second quarter comparable sales grew 3.4 percent, driven by 2.4 percent traffic growth.
  • Comparable sales have grown approximately 10 percent over the last two years — the best performance in more than...
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Aug 21 8:50 AM, General News


SpartanNash Announces Second Quarter 2019 Financial Results

SpartanNash Company today reported financial results for the 12-week second quarter and 28-week period ended July 13, 2019.

“Consistent with our comments in the press release issued earlier this week, the Board of Directors and I remain confident in the Company’s overall strategic direction,” said Dennis Eidson, Interim President and Chief Executive Officer. “I am excited to work with our team of talented associates as we focus our efforts on improved execution, while continuing to...

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Aug 16 8:15 AM, General News


Walmart Releases Q2 FY20 Earnings

Total revenue was $130.4 billion, an increase of $2.3 billion, or 1.8%. Excluding currency, total revenue was $131.7 billion, an increase of $3.7 billion, or 2.9%.

Walmart U.S. comp sales increased on a two-year stacked basis by 7.3%, which is the strongest growth in more than 10 years. Segment operating income increased 4%, marking the fifth consecutive quarter of growth.

Walmart U.S. eCommerce sales growth of 37% includes strong growth in online grocery.

Sam's Club comp sales increased 1.2%, and eCommerce sales grew 35%. Reduced tobacco sales negatively affected...

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Aug 15 8:29 AM, General News


Kraft Heinz Reports Preliminary Financial Results for the First Half Of 2019

The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported preliminary financial results for the first half of 2019 that reflected lower net sales despite improving consumer takeaway trends in key markets, as well as the adverse impacts of ongoing cost inflation, greater investments, and higher depreciation and amortization expenses. Results also included preliminary non-cash impairment charges related to goodwill and intangible assets that more than offset a one-time gain on the sale of the Company's India nutritional beverages business.

“The level of decline we experienced in the first half of this year is nothing we should find acceptable moving forward," said Kraft Heinz CEO Miguel Patricio. "We have significant work ahead of us to set our strategic priorities and change...

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Aug 14 10:04 AM, General News


Performance Food Group Reports Fourth-Quarter and Full-Year Fiscal 2019 Results

Performance Food Group Company today announced its fourth-quarter and full-year fiscal 2019 business results. “Fiscal 2019 was a successful year for PFG, and I’m very pleased with our team’s execution,” said George Holm, PFG’s Chairman, President and Chief Executive Officer. “Our strong top-line growth, combined with increased gross profit per case, led to profitability at the high end of our expectations for the year. Our core business segments delivered strong financial results led by Vistar’s double-digit EBITDA growth. Looking ahead to fiscal 2020, we believe our two recently announced strategic acquisitions position us well across our business and we expect fiscal 2020 to be another year of solid earnings growth.”

Fourth-Quarter Fiscal 2019 Highlights

  • Total case volume grew 9.2%
  • Net sales increased 28.4% to $5.9 billion
  • Gross profit improved 14.4% to...
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Aug 14 8:26 AM, General News


FAT Brands Reports Fiscal Second Quarter 2019 Financial Results

FAT Brands Inc. today reported fiscal second quarter 2019 financial results for the 13-week period ending June 30, 2019.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased to report that the considerable growth in revenues was matched by an equally robust increase in adjusted EBTDA and that we leveraged our G&A expenses on our expanded top-line.”

Wiederhorn continued, “We are also excited to have closed on our acquisition of Elevation Burger in June. The brand is well-aligned with our own commitment to fresh, authentic, tasty food and we are confident that it has considerable opportunity to expand domestically and internationally with its organic, free-range, grass-fed offerings. Elevation Burger reflects another synergistic opportunity for...

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Aug 14 8:19 AM, General News


Sysco Reports Fourth Quarter and Full Year 2019 Results

Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 29, 2019.

Fourth Quarter Fiscal 2019 Highlights

  • Sales increased 1.0% to $15.5 billion
  • Gross profit increased 2.1% to $3.0 billion; gross margin increased 21 basis points
  • Operating income increased 5.4% to $720.5 million; adjusted¹ operating income increased 6.6% to $818.1 million
  • EPS increased $0.18 to $1.03; adjusted EPS increased...
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Aug 12 9:22 AM, General News


Nathan's Famous, Inc. Reports First Quarter Results

Nathan's Famous, Inc. (“Nathan’s”, the “Company”,  today reported results for its first fiscal quarter ended June 30, 2019.

For the thirteen-week period ended June 30, 2019 (“first quarter fiscal 2020”):

  • Revenues were $30,518,000, as compared to $30,168,000 during the thirteen weeks ended June 24, 2018;
  • Income from operations was $9,448,000, as compared to $9,087,000 during the thirteen weeks ended June 24, 2018;
  • Adjusted EBITDA1 , a non-GAAP financial measure, was $10,173,000 as compared to $9,595,000 for the thirteen weeks ended...
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Aug 9 9:32 AM, General News


The Wendy's Company Reports Second Quarter 2019 Results

The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the second quarter ended June 30, 2019.

"We delivered another quarter of strong earnings growth and are pleased with our continued progress to build an even stronger foundation for the Wendy's® brand," President and Chief Executive Officer Todd Penegor said. "We are executing on our plan to accelerate same-restaurant sales in North America and drive global restaurant expansion, fueled by a healthy restaurant economic model . Our relentless focus on bringing every element of The Wendy's Way to life by providing...

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Aug 7 9:20 AM, General News


Papa John's Announces Second Quarter 2019 Results 

Papa John’s International, Inc. (NASDAQ: PZZA)today announced financial results for the three and six months ended June 30, 2019.

Highlights

  • Second quarter 2019 earnings per diluted share of $0.15
  • Excluding Special items, adjusted earnings per diluted share of $0.28 compared to $0.48 for the second quarter of 2018
  • Second quarter system-wide North America comparable sales decrease of 5.7%
  • Second quarter international comparable sales increase of...
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Aug 7 8:20 AM, General News


Aramark Reports Third Quarter Results

Aramark (NYSE: ARMK) today reported third quarter fiscal 2019 results.

“Our performance in the third quarter was strong and broad-based, anchored in a relentless focus on innovative growth strategies that directly engage the millions of consumers we serve every day,” said Eric J. Foss, Aramark’s Chairman, President and CEO. "We continue to advance our brand and product offerings as part of our commitment to combine technology, convenience and curation across our portfolio. This disciplined approach, combined with the exemplary efforts of our global team members, drove solid year-to-date results, positioning us well to achieve our full year expectations.

“The foundation we are creating provides us with ample opportunity to infuse sales growth and optimize our investments to scale the business,” Foss added. “As a testament to our enhanced...

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Aug 6 9:49 AM, General News


US Foods Reports Second Quarter Fiscal 2019 Earnings

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the second quarter of fiscal 2019.

Second Quarter Fiscal 2019 Highlights

  • Total case volume increased 1.7%; independent restaurant case volume increased 4.8%
  • Net sales increased 4.6% to $6.4 billion
  • Gross profit increased 2.5% to $1.1 billion
  • Income before income taxes decreased $7 million to $154 million
  • Net income decreased $10 million to $116 million
  • Adjusted EBITDA increased 6.7% to...
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Aug 6 9:39 AM, General News


Blue Apron Holdings Reports Second Quarter 2019 Results

Blue Apron Holdings, Inc. (NYSE: APRN) announced today financial results for the quarter ended June 30, 2019.

“Blue Apron’s next phase will be defined by focusing on our customers and our core business in order to return the business to growth in 2020,” said Linda Findley Kozlowski, Blue Apron Chief Executive Officer. “We’ve clearly and thoroughly demonstrated results in operational optimization and fiscal discipline throughout the organization. Now, we need to prove we can grow our customer base and revenue through both better execution and new initiatives that enable our core business to reach its full potential. Our market opportunity is large and we believe that it is growing, leading to...

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Aug 6 8:42 AM, General News


Tyson Foods Reports Third Quarter Fiscal 2019 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:

First Nine Months Highlights

•GAAP EPS of $4.51, down 33% from record prior year (prior year included a one-time tax benefit of $2.71)
•Adjusted EPS of $4.25, down 7% from record prior year
•GAAP operating income of $2,223 million; Adjusted operating income of $2,291 million
•Total Company GAAP operating margin...

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Aug 5 8:24 AM, General News


Ruth’s Hospitality Group Reports Second Quarter 2019 Financial Results

Ruth’s Hospitality Group, Inc. (the “Company”) (NASDAQ: RUTH) today reported unaudited financial results for its second quarter ended June 30, 2019.

Highlights for the second quarter of 2019 were as follows:

  • Restaurant sales in the second quarter of 2019 increased 0.5% to $104.0 million compared to $103.5 million in the second quarter of 2018. Average unit weekly sales were $102.6 thousand in the second quarter of 2019, a decrease of 0.8% compared to $103.4 thousand in the second quarter of 2018.
  • Net income in the second quarter of 2019 was $9.3 million, or $0.31 per diluted share, compared to net income of $9.6 million, or $0.32 per diluted share, in the second quarter of 2018.

Net income in the second quarter of 2019 included $71 thousand in acquisition-related expenses associated with...

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Aug 2 9:14 AM, General News


Restaurant Brands International Reports Second Quarter 2019 Results

Restaurant Brands International Inc. today reported financial results for the second quarter ended June 30, 2019.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the second quarter, we grew global system-wide sales nearly 8% and crossed two restaurant milestones with more than 26,000 restaurants globally, including more than 18,000 Burger King restaurants."

"We are excited by the tremendous opportunity for restaurant growth in front of us, most recently highlighted by new partnerships we announced for Popeyes in China and Spain, and Tim Hortons in Thailand," continued Cil. "We are working closely with our restaurant owners to deliver an enhanced guest experience including...

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Aug 2 9:03 AM, General News


Dunkin' Brands Reports Second Quarter 2019 Results

Dunkin' Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' and Baskin-Robbins (BR), today reported results for the second quarter ended June 29, 2019.

"Continuing the momentum established earlier in the year, our second quarter performance was highlighted by double-digit sales growth of espresso, our national value platforms, and terrific consumer reception to our latest menu innovation, our better-for-you Power Platform. We're attracting a new consumer with both espresso and our Power Platform and will continue to bring more on-trend innovation to fuel guests throughout the day," said David Hoffmann, Dunkin' Brands Chief Executive Officer and President of Dunkin' U.S. "Additionally, as a result of...

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Aug 2 8:17 AM, General News


Pilgrim's Pride Reports Second Quarter Results

Pilgrim’s Pride Corporation (NASDAQ: PPC) reports second quarter 2019 financial results.

Second Quarter Highlights

  • Net Sales of $2.84 billion.
  • Net Income of $170.1 million.
  • Operating Income margins of 9.8% in U.S., 17.5% in Mexico and 4.5% in Europe operations, respectively.
  • Adjusted EBITDA of $349.3 million (or a 12.3% margin), and Adjusted EPS of $0.69.
  • U.S. portfolio continues to deliver strong results in our differentiated segments, while more market features and promotional activity of chicken supported better demand in the commodity segment. We continue to evolve our well-balanced portfolio to further...
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Aug 2 8:17 AM, General News


Maple Leaf Foods Reports Second Quarter 2019 Financial Results

Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for the second quarter ending June 30, 2019.

Quarterly Highlights

  • Sales increased by 12.5%, driven by acquisitions, our value-added product portfolio and continued double-digit growth in plant-based protein
  • Recorded a net loss of $6.3 million or $0.05 per share due to $60.7 million of non-cash fair value changes on balance sheet items, not reflective of the commercial performance of the Company and excluded from Adjusted EBITDA
  • Adjusted EBITDA Margin of 11.3% in meat protein and 10.6% for the Company, driven by strong commercial performance
  • Net Debt of $403.4 million, of which...
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Aug 1 9:38 AM, General News


Dine Brands Global Inc Reports Strong Second Quarter 2019 Results

Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, today announced financial results for the second quarter of 2019.

“Our strategy continues to drive significant improvements across key metrics. We have made important decisions over the last two years that have improved our fundamentals and enhanced our ability to deliver sustainable growth. We successfully completed a $1.3 billion refinancing of our securitized debt, replacing our 2014 fixed rate senior secured notes. We are also pleased to announce that Applebee’s franchisees agreed to extend the increase in the advertising contribution rate to 4.25% through the end of next year,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.

Mr. Joyce continued, “Our performance reflects the strength and stability of our highly franchised business model. While comparable same-restaurant sales at Applebee’s were lower than expected, these results are not indicative of...

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Aug 1 9:16 AM, General News


Yum China Reports Second Quarter 2019 Results

Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today reported unaudited results for the second quarter ended June 30, 2019. Reported GAAP results include Special Items, which are excluded from adjusted measures. Special Items are not allocated to any segment and therefore only impact reported GAAP results of Yum China. See "Reconciliation of Reported GAAP Results to Adjusted Measures" within this release.

Second Quarter Highlights

  • Total revenues increased 3% year over year to $2.12 billion from $2.07 billion (10% year over year increase excluding foreign currency translation ("F/X")).
  • Total system sales grew 10% year over year, with growth of 12% at KFC and 4% at Pizza Hut, excluding F/X.
  • Same-store sales grew...
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Jul 31 8:19 AM, General News


Grubhub Reports Second Quarter 2019 Results

Grubhub Inc. (NYSE: GRUB), the nation's leading online and mobile food-ordering and delivery marketplace, today announced financial results for the second quarter ended June 30, 2019. The Company posted revenues of $325 million, which is a 36% year-over-year increase from $240 million in the second quarter of 2018. Gross Food Sales grew 20% year-over-year to $1.5 billion, up from $1.2 billion in the same period last year.

"The team continued executing in the second quarter, adding thousands of new, high-quality independent and enterprise restaurants and growing our active diner base to more than 20 million," said Matt Maloney, Grubhub founder and CEO. "We are excited about the trajectory of our two-sided marketplace – both in terms of geographic diversity and depth in individual markets. Restaurants are increasingly valuing the incremental sales and...

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Jul 30 9:38 AM, General News


Del Taco Restaurants Reports Fiscal Second Quarter 2019 Financial Results

Del Taco Restaurants, Inc. (“Del Taco” or the “Company”), (NASDAQ: TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal second quarter 2019 financial results for the 12-week period ending June 18, 2019. Del Taco also reaffirmed its previously announced guidance for fiscal year 2019.

Fiscal Second Quarter 2019 Highlights

  • System-wide comparable restaurant sales increased 2.2%;
  • Company-operated comparable restaurant sales increased 1.7%. Company-operated comparable restaurant sales were comprised of average check growth of 4.2%, including slight menu mix growth, partially offset by a transaction decline of 2.5%;
  • Franchised comparable restaurant sales increased...
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Jul 30 8:55 AM, General News


Beyond Meat Reports Second Quarter 2019 Financial Results 

Beyond Meat, Inc. (NASDAQ:BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today reported financial results for its second quarter and six months ended June 29, 2019.

Second Quarter 2019 Financial Highlights Compared to Prior Year Period

  • Net revenues were $67.3 million, an increase of 287%;
  • Gross profit was $22.7 million, or 33.8% as a percentage of net revenues, compared to gross profit of $2.6 million, or 15.0% as a percentage of net revenues, in the year-ago period;
  • Net loss was $9.4 million, or a loss of $0.24 per common share, compared to net loss of $7.4 million, or a loss of $1.22 per common share in the year-ago period; and...
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Jul 30 8:21 AM, General News


Starbucks Reports Q3 Fiscal 2019 Results

Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended June 30, 2019. GAAP results in fiscal 2019 and fiscal 2018 include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“Starbucks delivered strong operating performance in the third quarter, further demonstrating that our ‘Growth at Scale’ agenda is working,” says Kevin Johnson, president and ceo. “Our two targeted long-term growth markets, the U.S. and China, performed extremely well across a number of measures as a result of our focus on enhancing...

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Jul 26 10:15 AM, General News


Chipotle Announces Second Quarter 2019 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2019.

Second quarter highlights, year over year:

  • Revenue increased 13.2% to $1.4 billion
  • Comparable restaurant sales increased 10.0%, net of 40 bps from loyalty deferral, and included nearly 7% of comparable restaurant transaction growth
  • Digital sales grew 99.1% and accounted for 18.2% of sales for the quarter
  • Restaurant level operating margin was 20.9%, an increase from 19.7%
  • Diluted earnings per share was $3.22, net of a $0.77 after-tax impact from expenses related to restaurant asset impairment, corporate restructuring, and certain other costs, a 91.7% increase from $1.68. Adjusted diluted earnings per share excluding...
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Jul 25 8:26 AM, General News


Albertsons Reports First Quarter Results

Albertsons Companies, Inc. (the "Company") today reported results for the first quarter of fiscal 2019, which ended June 15, 2019.

First Quarter of Fiscal 2019 Highlights

  • Identical sales increased 1.5%
  • Adjusted EBITDA increased 7.5% to $877 million compared to last year
  • Net income of $49.0 million compared to a net loss of $17.7 million last year
  • Own Brands sales penetration reached 25.3%
  • Digital and eCommerce sales grew 33%
  • Net debt leverage reduced to...
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Jul 25 8:26 AM, General News


Cargill Reports Fiscal 2019 Fourth-quarter and Full-year Results

Cargill today reported results for the fiscal 2019 fourth quarter and full year ended May 31, 2019. Key measures include: 

  • Adjusted operating earnings were $476 million, down 41% from the $809 million earned in last year’s record fourth quarter. This brought earnings for the full fiscal year to $2.82 billion, 12% below last year’s top performance.
  • Net earnings on a U.S. GAAP basis were $235 million, down 67% from $711 million in the strong comparative period. For the 12 months, net earnings decreased 17% to $2.56 billion...
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Jul 11 9:15 AM, General News


Conagra Brands Reports Fourth Quarter And Full-Year Results 

Today Conagra Brands, Inc. (NYSE: CAG) reported results for the fourth quarter and full fiscal year 2019, which ended on May 26, 2019. All comparisons for total Company and Legacy Conagra results are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including "Organic net sales," "Legacy Conagra," "EBITDA," "Free cash flow," and certain "adjusted" results, are defined under the section entitled "Definitions." 

Highlights 

- Fiscal 2019 net sales grew 20.2%; organic net sales excluding the sale of the Trenton, Missouri production facility (Trenton) grew...

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Jun 27 10:16 AM, General News


Darden Restaurants Reports Fiscal 2019 Fourth Quarter and Full Year Results

Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the fourth quarter and fiscal year ended May 26, 2019.

Fourth Quarter 2019 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

  • Total sales increased 4.5% to $2.23 billion driven by the addition of 39 net new restaurants and a blended same-restaurant sales increase of 1.6%
  • Reported diluted net earnings per share from continuing operations increased 19.3% to $1.67
  • Adjusted diluted net earnings per share from continuing operations increased 26.6% to $1.76 after excluding approximately $0.09 of a non-cash charge related to restaurant asset impairments
  • The Company repurchased approximately $42 million of...
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Jun 21 8:23 AM, General News


Kroger Reports First Quarter 2019 Results

The Kroger Co. (NYSE: KR) today reported its first quarter 2019 results and provided a Restock Kroger progress update on the company's three-year transformation plan.

Comments from Chairman and CEO Rodney McMullen

"Because the retail industry is constantly transforming, we proactively launched Restock Kroger to deliver for our customers and shareholders. It all starts with our customer obsession, which is why Kroger is assembling a platform to deliver anything, anytime, anywhere.

We are building momentum in the second year of Restock Kroger, which is off to a solid start. The entire company is focused on redefining the grocery customer experience, improved upon by...

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Jun 20 12:30 PM, General News


United Natural Foods Inc Reports Third Quarter Fiscal 2019 Results

United Natural Foods, Inc. (NYSE: UNFI) (the "Company" or "UNFI") today reported financial results for the third quarter of fiscal 2019 ended April 27, 2019.

Third Quarter Fiscal 2019 Highlights

  • Net Sales Increased to $5.96 Billion, Including $3.24 Billion from SUPERVALU
  • Earnings Per Diluted Share (EPS) of $1.12; Adjusted EPS of $0.61
  • Integration of SUPERVALU Progressing; UNFI Now Operating As One Company with A National Leadership Team and Structure

"Our transformational journey continues, and I'm proud of what our team has accomplished this quarter," said Steven L. Spinner, Chairman and Chief Executive Officer. "I am excited about our next chapter and the acceleration of value creation we expect to...

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Jun 6 8:57 AM, General News


Cracker Barrel Reports Third Quarter Fiscal 2019 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the third quarter of fiscal 2019 ended May 3, 2019.

Third Quarter Fiscal 2019 Highlights

  • Comparable store restaurant sales growth of 1.3% and traffic of -1.8% outperformed the casual dining industry.
  • Earnings per diluted share were $2.09, a 3.0% increase compared to $2.03 in the prior year third quarter.
  • The Company announced its Board of Directors increased the quarterly dividend to $1.30 per share on...
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Jun 5 9:24 AM, General News




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Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

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