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General Mills Reports Fiscal 2022 First-Quarter Results
General Mills today reported results for the first quarter ended August 29, 2021.
“I’m proud of the way our team is performing in a dynamic and challenging operating environment,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “Our strong execution in the first quarter enabled us to deliver top- and bottom-line results ahead of our expectations. We delivered these good results while continuing to advance our Accelerate strategy, including making important progress on portfolio reshaping in the quarter.”
General Mills is executing its Accelerate strategy to drive sustainable, profitable...
Cracker Barrel Reports Fourth Quarter And Full Year Fiscal 2021 Results And Quarterly Dividend
Cracker Barrel Old Country Store, Inc. today reported its financial results for the fourth quarter of fiscal 2021 ended July 30, 2021.
Fourth Quarter Fiscal 2021 Highlights
- Total revenue in the fourth quarter of $784.4 million was approximately flat compared to the fourth quarter of fiscal 2019 total revenue of $787.1 million.- Compared to the fourth quarter of fiscal 2019, comparable store restaurant sales decreased 6.8% and comparable store retail sales increased 18.2%. - Comparable store off-premise restaurant sales grew 108.6% compared to the...
Kroger Reports Second Quarter Results and Raises Full-Year 2021 Guidance
The Kroger Co. today reported its second quarter 2021 results and will update investors on how key initiatives are positioning the company for long-term sustainable growth.
Comments from Chairman and CEO Rodney McMullen –
"Our strategic focus on leading with fresh and accelerating with digital continues to build momentum across our business. Kroger's seamless ecosystem is working. This was evident during the quarter as we saw customers seamlessly shift between channels, and we continued to see strong digital engagement. Customers are eating more food at home because...
Hormel Foods Reports Third Quarter Results and Updates Full Year Earnings Guidance Range
Hormel Foods Corporation, a leading global branded food company, today reported results for the third quarter of fiscal 2021. All comparisons are to the third quarter of fiscal 2020 unless otherwise noted.
EXECUTIVE SUMMARY – THIRD QUARTER
- Volume of 1.2 billion lbs., up 1%; organic volume1 down 2%- Record net sales of $2.9 billion, up 20%; organic net sales1 up 14%- Net sales growth from all four segments and all four sales channels- Net sales up 25% compared to 2019 pre-pandemic levels- Operating income of...
Walmart Responds to Continued Growth by Hiring 20,000 Additional Supply Chain Associates
As our business continues evolving to meet the needs of today’s customers, having a robust supply chain is more important than ever. That’s why we’re excited to announce that our team is growing.
We released FY22 Q2 earnings last week, and they revealed just how much Walmart has grown over the past year — we had another strong quarter. Innovation across all areas of the business had a huge impact on our growth, and earlier this year, we shared plans to roll out high-tech automation systems to...
PlantX Announces Q1 2022 Financial Results
PlantX Life Inc. (the "Company" or "PlantX") is pleased to announce its interim unaudited condensed consolidated financial results for the three months ended June 30, 2021. All amounts are reported in Canadian dollars unless otherwise stated.
First Quarter 2022 Highlights- The Company generated gross revenue of $4,089,705 for the three month period ended June 30, 2021, an increase of $3,956,815 from the gross revenue generated in Q1 2021.
- Cost of sales for the three months ended June 30, 2021 was $2,952,592.
- Net loss was $10,283,084 of which $5,937,614...
Sanderson Farms Reports Results for Third Quarter of Fiscal 2021
Sanderson Farms, Inc. reported results for the third fiscal quarter and nine months ended July 31, 2021.
Net sales for the third quarter of fiscal 2021 were $1,352.8 million compared with $956.5 million for the same period a year ago. For the quarter, the Company reported net income of $164.8 million, or $7.38 per share, compared with net income of $32.8 million, or $1.48 per share, for the third quarter of fiscal 2020.
Net sales for the first nine months of fiscal 2021 were $3,395.9 million compared with $2,624.2 million for the first nine months of fiscal 2020. Net income for the first nine months of fiscal 2021 totaled...
Innovative Food Holdings Reports Financial Results for Second Quarter and First Half of 2021
Innovative Food Holdings, Inc. (“IVFH” or the “Company”), a leading direct-to-consumer e-commerce platform with complete multi-channel, specialty food and grocery capabilities for both consumers and professional chefs, today reported its financial results for the second quarter and first half of 2021.
“We are thrilled by the return to year-over-year growth within our specialty foodservice operations, which helped produce record second-quarter revenues and a 17% increase over the prior year period. Our foodservice business increased 148% despite continued uncertainty...
SpartanNash Announces Second Quarter Fiscal 2021 Financial Results
SpartanNash Company reported financial results for its 12-week second quarter ended July 17, 2021.
Second Quarter Fiscal 2021 Highlights
- Net sales of $2.11 billion declined 3.6% from prior year quarter net sales of $2.18 billion, due to the prior year’s increased consumer demand related to the COVID-19 pandemic.- Retail comparable store sales declined 2.7% for the quarter. Comparable store sales increased by 12.1% on a two-year basis, representing sequential improvement on a quarterly basis.- EPS was $0.47 per share and adjusted...
Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Second Quarter Ended July 11, 2021
Red Robin Gourmet Burgers, Inc. reported financial results for the quarter ended July 11, 2021.
Key Highlights
- Restaurant revenue of $272.2 million and Restaurant Level Operating Profit as a percentage of restaurant revenue (a non-GAAP metric) of 15.7%;- Second quarter 2021 comparable restaurant revenue increased 66.3% over the same period in 2020, and decreased 2.4% compared to the same period in 2019;- Average weekly sales per fiscal period grew by a total of $2,503 during the second quarter of 2021;- Off-premises sales comprised 32.8%, 63.8% and...
Performance Food Group Company Reports Fourth-Quarter and Full-Year Fiscal 2021 Results
Performance Food Group Company announced its fourth-quarter and full-year fiscal 2021 business results.
“We made consistent progress in fiscal 2021 despite the difficult operating environment,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “In addition to the strong operating results to close out the fiscal year, we made significant headway integrating Reinhart and announced the intention to acquire Core-Mark, creating one of the largest food and convenience store delivery companies in the US.
“We are incredibly pleased with our fiscal fourth quarter results, particularly the momentum we achieved in our sales growth. The quarter saw record sales. Although the labor market remains challenging...
The Wendy's Company Reports Second Quarter 2021 Results
The Wendy's Company reported unaudited results for the second quarter ended July 4, 2021.
"We are thrilled to once again increase our 2021 financial outlook across all key financial metrics, driven by a transformative quarter that showcased our continued momentum and the overall strength of our business," President and Chief Executive Officer Todd Penegor said. "Our robust growth continued in the second quarter, as sales significantly exceeded our expectations, leading to restaurant level margins of more than 20 percent and record profits, fueling our restaurant economic model. We are also excited to meaningfully increase our 2025 Global restaurant target to 8,500 to 9,000, driven by a development commitment with...
Aramark Reports Third Quarter Earnings
Aramark reported third quarter fiscal 2021 results.
“Our third quarter performance continues to reflect Aramark's strong competitive position and flexible business model as we help clients reopen within various stages of recovery, while also driving growth initiatives that resulted in meaningful new business wins and high levels of client retention," said John Zillmer, Aramark's Chief Executive Officer. "I am extremely proud of our team's dedication to serving clients and focusing on our growth agenda.”
THIRD QUARTER RESULTS
Consolidated revenue was $3.0 billion in the quarter, an increase of 39% year-over-year, that reflected increased levels of business activity compared to the prior year and lapping the first full quarter of...
Sysco Delivers Robust Fourth Quarter Results and Raises FY22 Guidance Driven by Accelerating Sales
Sysco Corporation announced financial results for its 14-week fourth fiscal quarter and its fiscal year ended July 3, 2021.
Key highlights for the fourth quarter of fiscal year 2021 included:
- Sales were stronger than expected;- Share gains continue, driven by new customer wins;- Sysco’s Recipe for Growth strategy advances;- Inflation effectively managed;- Cash flow stronger than expected, even with significant inventory investments;- International operations show...
US Foods Reports Second Quarter Fiscal 2021 Earnings
US Foods Holding Corp. announced results for the second quarter of fiscal 2021. In this press release, we refer to certain organic financial results. Organic financial results exclude contributions from Smart Foodservice through April 23, 2021. Smart Foodservice was acquired on April 24, 2020.
- Total case volume increased 53.5%; independent restaurant case volume increased 79.1%- Total organic case volume increased 50.3%; organic independent restaurant case volume increased 74.4%- Net sales increased 68.0% to $7.7 billion- Gross profit increased 74.2% to...
Tyson Foods Reports Third Quarter 2021 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, reported the following results:
First Nine Months Highlights
- GAAP EPS of $4.63, up 20% from prior year; Adjusted EPS of $5.98, up 61% from prior year- GAAP operating income of $2,487 million, up...
Beyond Meat Reports Second Quarter 2021 Financial Results
Beyond Meat, a leader in plant-based meat, reported financial results for its second quarter ended July 3, 2021.
Second Quarter 2021 Financial Highlights
- Net revenues were $149.4 million, an increase of 31.8% year-over-year.
- Gross profit was $47.4 million, or gross margin of 31.7% of net revenues.
- Net loss was $19.7 million or $0.31 per common share. Net loss as a percentage of net revenues was...
Ruth’s Hospitality Group Reports Second Quarter 2021 Financial Results
Ruth’s Hospitality Group reported unaudited financial results for its second quarter ended June 27, 2021 and provided a business update.
CEO Comments
Cheryl Henry, President, Chief Executive Officer and Chairperson of the Board of Ruth’s Hospitality Group, Inc., commented, “I’m pleased to report that we posted strong operating results in the second quarter with sequential growth in comparable sales each month and continued margin improvement. We are excited about this momentum and our renewed commitment to unit growth as we expect to open seven new Company-owned or managed restaurants by the end of 2022.”
Henry added, “All in all, we are a stronger and more nimble enterprise with...
Shake Shack Announces Second Quarter 2021 Financial Results
Shake Shack reported its financial results for the second quarter ended June 30, 2021, a period that included 13 weeks.
Randy Garutti, Chief Executive Officer of Shake Shack, stated, “We remain on the path towards full sales recovery, with total revenue up over 104% versus the second quarter of 2020. As restrictions relaxed across the country, in-Shack sales rose more than 300% year on year. The resilience of our business can be seen through the ongoing revenue improvement in our hardest hit urban Shacks, while at the same time we retained the strong business we built in our suburban Shacks. Additionally, even as more of our guests came back to meet us in person, we still grew our digital business double digits and retained approximately 80% of the digital sales versus...
Maple Leaf Foods Reports Second Quarter 2021 Financial Results
Maple Leaf Foods reported its financial results for the second quarter ended June 30, 2021.
"As we anticipated, our second quarter faced material market headwinds and a difficult year-over-year comparable quarter due to COVID-19 effects, and yet our business delivered excellent results" said Michael H. McCain, President and CEO. "In Meat Protein, performance was impressive with sales growth of 7.4% and Adjusted EBITDA margins of 11.6%. We expect our margins to fully recover beginning in the third quarter...
Papa John’s Announces Second Quarter 2021 Financial Results and Significant Increase in Dividend
Papa John’s International announced financial results for the three and six months ended June 27, 2021.
Second quarter 2021 highlights compared to prior year
- Total company revenues increased 11.8% to $515.0 million- Comparable sales up 5.2% in North America and 21.2% Internationally; Global system-wide restaurant sales of $1.2 billion, up 12.2% driven by innovation, strong customer retention and accelerating domestic and international unit growth- 55 net unit openings driven by International growth- Loss per diluted share of ($2.30), including...
Dine Brands Global Reports Second Quarter 2021 Results
Dine Brands Global, the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, announced financial results for the second quarter of 2021.
“Our strong second-quarter results reflect the perseverance of the Dine Brands system as comp sales for both brands improved significantly. I’m thankful to our teams who have worked so hard to serve our guests and enhance the restaurant experience,” said John Peyton, chief executive officer of Dine Brands Global, Inc.
Mr. Peyton added, “Both Applebee’s and IHOP continue to make meaningful progress in a challenging environment. Relative to 2019, Applebee’s posted its best quarterly comp sales performance in over...
Kraft Heinz Reports Second Quarter 2021 Results
The Kraft Heinz Company reported financial results for the second quarter of 2021.
"Our second quarter results serve as a strong indicator that our Kraft Heinz team will not only deliver a stronger 2021 than we initially anticipated, but will come out of the global pandemic much stronger than we entered,” said Kraft Heinz CEO Miguel Patricio. “We continue to drive our transformation program forward, modernizing our brands and better connecting with our consumers. And while industry challenges, like cost inflation, certainly remain, the investments we are making in our people, brands, and capabilities are enabling us to...
Weis Markets Reports Second Quarter Results
Weis Markets reported its financial results for the thirteen-week period and 26-week period ended June 26, 2021.
Net sales totaled $1.0 billion for the thirteen-week period ended June 26, 2021, compared to $1.1 billion for the same period in 2020, down 4.7 percent. Second quarter comparable store sales decreased 5.8 percent on an individual year over year basis and increased 18.3 percent on a two-year stacked basis.
The Company's second quarter net income totaled $33.5 million compared to $41.5 million in 2020, down 19.3 percent. Second quarter earnings per share totaled...
Blue Apron Holdings, Inc. Reports Second Quarter 2021 Results
Blue Apron Holdings, Inc. announced financial results for the quarter ended June 30, 2021.
“Blue Apron’s solid second quarter results reflect, in part, the benefits of the product roadmap focused on adding variety, flexibility and choice we established two years ago. This has allowed us to continue to attract and retain high-value customers,” said Linda Findley Kozlowski, Blue Apron’s President and Chief Executive Officer. “This was another quarter of strong performance for all our key customer metrics, particularly when considering the return of seasonality impacts. Our Average Order Value, Orders per Customer and Average Revenue per Customer continued to be at record or near-record quarterly levels in the second quarter even as consumers increasingly...
Publix Reports Second Quarter 2021 Results and Stock Price
Publix’s sales for the three months ended June 26, 2021 were $11.8 billion, a 3.9% increase from $11.4 billion in 2020. Comparable store sales for the three months ended June 26, 2021 increased 2.3%.
Net earnings for the three months ended June 26, 2021 were $1 billion, compared to $1.4 billion in 2020, a decrease of 26.2%. Earnings per share for the three months ended June 26, 2021 decreased to $1.46 per share, down from $1.94 per share in 2020. Excluding the impact of net unrealized gains on equity securities in 2021 and 2020, net earnings for the three months ended June 26, 2021 would have been $920.3 million, compared to...
Bloomin' Brands Announces 2021 Q2 Financial Results and Strong Operating Margin Expansion
Bloomin’ Brands, Inc. reported results for the second quarter 2021 (“Q2 2021”) compared to the second quarter 2020 (“Q2 2020”).
“Q2 represented another quarter of strong results. We are well positioned to grow sales and capture additional market share,” said David Deno, Chief Executive Officer. “We are making great progress improving margins, increasing cash flow and retaining off-premises sales as dining rooms have reopened. Our sales momentum has...
Restaurant Brands International Reports Second Quarter 2021 Results
Restaurant Brands International reported financial results for the second quarter ended June 30, 2021.
José E. Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "We are encouraged by the momentum across our business – including sales increases driven by quality menu items, rapid adoption of our digital channels by our guests and an acceleration in new restaurant openings around the world by our franchisees who believe strongly in our brands and business model."
Cil continued, "We also announced an increase in our share buyback authorization to $1 billion over the next two years, demonstrating our confidence in the...
Albertsons Reports First Quarter Fiscal 2021 Results
Albertsons Companies reported results for the first quarter of fiscal 2021, which ended June 19, 2021.
First Quarter of Fiscal 2021 Highlights
- Identical sales decreased 10.0%; on a two-year stacked basis identical sales growth was 16.5%- Sustained digital sales levels; on a two-year stacked basis digital sales growth was 276%- Net income per Class A common share of $0.78; two-year CAGR of 212%- Adjusted net income per Class A common share of...
Yum! Brands Reports Second Quarter Results
Yum! Brands, Inc. reported results for the second-quarter ended June 30, 2021. Worldwide system sales excluding foreign currency translation grew 26%, with 23% same-store sales and 2% unit growth. Second-quarter GAAP EPS was $1.29, an increase of 91% over the prior year quarter. Second-quarter EPS excluding Special Items was $1.16, an increase of 41% over the prior year quarter.
DAVID GIBBS COMMENTS
David Gibbs, CEO, said “Our strong second-quarter results, led by record unit development and 23% same-store sales growth are a testament to our iconic brands, world-class talent, and best-in-class franchisees. I’m proud that each of our divisions reported positive same-store sales growth on a 2-year basis, a step up...
Pilgrim’s Pride Reports Second Quarter 2021 Results with Growth in Sales
Pilgrim’s Pride Corporation reported its second quarter 2021 financial results.
Second Quarter Highlights
- Net Sales of $3.64 billion, up 29% from prior year.- Consolidated GAAP Operating Income margin of (3.4)% with GAAP Operating Income margins of (10.0)% in U.S., 17.5% in Mexico and 2.3% in Europe. Adjusted U.S. Operating Income margin of 7.8%.- GAAP Net Loss of $(166.7) million. Adjusted Net Income of $153.8 million or adjusted EPS of $0.63.- Adjusted EBITDA of $371.6 million, or...
Wingstop Reports Fiscal Second Quarter Financial Results
Wingstop announced financial results for the fiscal second quarter ended June 26, 2021.
Highlights for the fiscal second quarter 2021 compared to the fiscal second quarter 2020:
McDonald's Reports Second Quarter 2021 Results
McDonald's Corporation announced results for the second quarter ended June 30, 2021.
"Our performance is a continued demonstration of the broad-based strength and resiliency of our business as global comp sales in the second quarter increased nearly 7% over 2019. For 65 years, we've created iconic experiences for billions of people around the world. Along the way, we've always focused on following our customers' needs, finding the most convenient and engaging ways for them to enjoy McDonald's. It's clear that...
Bunge Reports Second Quarter 2021 Results
Bunge Limited reported second quarter 2021 results.
• Q2 GAAP EPS of $2.37 vs. $3.47 in the prior year; $2.61 vs. $1.88 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences• Continued strong Agribusiness execution across the global network• Outstanding Refined and Specialty Oils results driven by increasing demand and record refining capacity utilization• Increasing full-year adjusted EPS outlook to at least...
ADM Reports Record Second Quarter Earnings; Expects Momentum to Continue in Second Half
ADM reported financial results for the quarter ended June 30, 2021.
“It was yet another excellent quarter for ADM, as our team delivered record earnings, with strong year-over-year profit growth across all three business units”
“This is a very different ADM than even a few short years ago, and our transformation is far from...
Del Taco Restaurants, Inc. Reports Fiscal Second Quarter 2021 Financial Results
Del Taco Restaurants reported fiscal second quarter 2021 financial results for the 12-week period ended June 15, 2021 and provided a business update.
Management Commentary
John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We generated outstanding revenue and profitability growth during the second quarter as we leveraged our top-line momentum across all key cost inputs. Top-line growth was characterized by system-wide comparable restaurant sales growth versus 2020 in the high teens, representing...
Domino's Pizza Announces Second Quarter 2021 Financial Results
Domino's Pizza announced results for the second quarter. Global retail sales increased 21.6% in the second quarter, or 17.1% excluding foreign currency impact. U.S. same store sales grew 3.5% during the quarter versus the year-ago period, continuing the positive sales momentum in the Company's U.S. stores business. The international business also posted strong results, with same store sales growth of 13.9% during the quarter. The second quarter marked the 110th consecutive quarter of international same store sales growth and the 41st consecutive quarter of U.S. same store sales growth. The Company had second quarter global net store growth of 238 stores, comprised of 35 net U.S. store openings and 203 net international store openings.
"I am very pleased with our strong global retail sales and store growth momentum during the second quarter, which demonstrated the power of our investments in...
Chipotle Announces Second Quarter 2021 Results
Chipotle Mexican Grill reported financial results for its second quarter ended June 30, 2021.
Second quarter highlights, year over year:
Cal-Maine Foods Reports Fourth Quarter Fiscal 2021 Results
Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the fourth quarter (thirteen weeks) and fiscal year ended May 29, 2021.
Net sales for the fourth quarter of fiscal 2021 were $349.8 million, compared to $453.3 million for the fourth quarter of fiscal 2020. The Company reported a net loss of $4.2 million, or $0.09 per basic and diluted share, for the fourth quarter of fiscal 2021, compared to net income of $60.5 million, or $1.25 per basic and...
Profitability and Growth Continue for Fifth Consecutive Year at Church's Chicken
Not even halfway into 2021, and Church's Chicken®, is already poised to turn in another year of exceptional growth and profitability. The brand expects to open nearly 100 new restaurants worldwide (up from 79 new openings last year). And, the average guest check is up just over 30% from 2020 to 2021. Same-store comparable sales are also up over the previous year, by approximately +15% system-wide. While the numbers are substantial under normal circumstances, Church's performance is even more impressive when measured against a pandemic, which still negatively impacts restaurant brands of all kinds. The popular global chicken brand is even ahead of where it was pre-pandemic when it had just surpassed a 10-year company record for system-wide sales in 2019.
"In terms of sustainable growth, Church's is in a very positive place," shares Louis (Dusty) Profumo, Executive Vice President and Chief Financial Officer for the brand. "Across the board, practically...
Kroger Delivers Strong First Quarter Results
The Kroger Co. reported its first quarter 2021 results and will update investors on how Leading with Fresh and Accelerating with Digital initiatives are positioning Kroger for long-term sustainable growth.
Comments from Chairman and CEO Rodney McMullen
"Kroger is even better positioned to connect with our customers than we were prior to the pandemic as a result of our relentless focus on leading with fresh and accelerating with digital. I am incredibly proud of our amazing associates who continue to be there for our customers, communities, and each other when they need us most and who strive to...
United Natural Foods Reports Third Quarter Fiscal 2021 Results
United Natural Foods reported financial results for the third quarter of fiscal 2021 (13 weeks) ended May 1, 2021.
Third Quarter Fiscal 2021 Highlights (comparisons to third quarter fiscal 2020)
Campbell Reports Third-Quarter Fiscal 2021 Results
Campbell Soup Company reported results for its third-quarter fiscal 2021 ended May 2, 2021.
Mark Clouse, Campbell’s President and CEO, said, “While we recognized the third quarter would be a challenging net sales comparison to the demand surge at the onset of the COVID-19 pandemic a year ago, we faced additional headwinds. Our results were impacted by a rising inflationary environment, short-term increases in supply chain costs, and some executional pressures as we continued to advance our transformation agenda, primarily in our Snacks division. We are confident that these are all addressable, and we are taking appropriate actions, including...
SpartanNash Announces First Quarter Fiscal 2021 Financial Results
SpartanNash Company reported financial results for its 16-week first quarter ended April 24, 2021.
First Quarter Fiscal 2021 Highlights
Sanderson Farms Reports Results for Second Quarter of Fiscal 2021
Sanderson Farms reported results for its second fiscal quarter and six months ended April 30, 2021.
Net sales for the second quarter of fiscal 2021 were $1,133.9 million compared with $844.7 million for the same period a year ago. For the quarter, the Company reported net income of $96.9 million, or $4.34 per share, compared with net income of $6.1 million, or $0.28 per share, for the second quarter of fiscal 2020.
Net sales for the first six months of fiscal 2021 were $2,043.2 million compared with $1,667.8 million for the same period of fiscal 2020. Net income for the first half of the fiscal year totaled...
Red Robin Gourmet Burgers Reports Results for the Fiscal First Quarter
Red Robin Gourmet Burgers reported financial results for the quarter ended April 18, 2021.
Cracker Barrel Reports Third Quarter Fiscal 2021 Results
Cracker Barrel Old Country Store reported its financial results for the third quarter of fiscal 2021 ended April 30, 2021.
Third Quarter Fiscal 2021 Highlights
BJ’s Wholesale Club Holdings Announces First Quarter and Fiscal 2021 Results
BJ’s Wholesale Club Holdings announced its financial results for the thirteen weeks ended May 1, 2021.
"Our team members continue to execute at the highest levels and I’m proud of their hard work and dedication amid a difficult environment. We are pleased to start the year with strong first quarter results, powered by solid execution, market share retention and a continuation of elevated consumer spending," said Bob Eddy, President and Chief Executive Officer, BJ’s Wholesale Club. "As we look ahead, we are confident our business will continue to...
Hormel Foods Reports Second Quarter Results
Hormel Foods Corporation reported results for the second quarter of fiscal 2021. All comparisons are to the second quarter of fiscal 2020 unless otherwise noted.
Executive Summary - Second Quarter
Jack in the Box Reports Second Quarter FY 2021 Earnings
Jack in the Box reported financial results for the second quarter ended April 11, 2021 and provided fiscal year 2021 financial guidance.
Jack in the Box total revenues increased 19 percent to $257.2 million, compared to $216.2 million in the comparable period ended April 12, 2020, driven by 20.6 percent growth in system same-store sales. Company same-store sales increased 14.5 percent in the second quarter, reflecting average check growth of 19.9 percent and a 5.4 percent decrease in transactions. Franchise same-store sales increased 21.3 percent.
Net earnings more than tripled to $35.9 million, or $1.58 per diluted share, for the second quarter of fiscal 2021, compared with...
Wendy's Reports First Quarter 2021 Results
The Wendy's Company reported unaudited results for the first quarter ended April 4, 2021.
"We are increasing our 2021 financial outlook meaningfully across all key financial metrics, driven by an outstanding first quarter that underscores our continued momentum and the overall strength of our business," President and Chief Executive Officer Todd Penegor said. "The robust growth in our business continued in the first quarter of 2021 as sales significantly exceeded our expectations and fueled our restaurant economic model, leading to...
US Foods Reports First Quarter Fiscal 2021 Earnings
US Foods Holding Corp., one of the largest foodservice distributors in the United States, announced results for the first quarter of fiscal 2021. In this press release, the company refers to certain organic financial results. Organic financial results exclude contributions from Smart Foodservice, which was acquired on April 24, 2020.
Tyson Foods Reports Second Quarter 2021 Results
Tyson Foods, 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 Six Months Highlights
Beyond Meat Reports First Quarter 2021 Financial Results
Beyond Meat, a leader in plant-based meat, reported financial results for its first quarter ended April 3, 2021.
First Quarter 2021 Financial Highlights
Shake Shack Announces First Quarter 2021 Financial Results
Shake Shack reported its financial results for the first quarter ended March 31, 2021, a period that included 13 weeks.
Randy Garutti, Chief Executive Officer of Shake Shack, stated, “Spring has ushered in a great energy around the country and in our hometown of New York City. With COVID cases stabilizing and more regions steadily loosening restrictions, we are optimistic that improving trends can continue for our industry."
Garutti continued, “In the first quarter and so far through fiscal April, the positive momentum of our financial recovery continued. Total revenue was $155.3 million in the first quarter, up...
Ruth’s Hospitality Group Reports First Quarter 2021 Financial Results
Ruth’s Hospitality Group reported unaudited financial results for its first quarter ended March 28, 2021 and provided a business update.
Cheryl Henry, President and Chief Executive Officer of Ruth’s Hospitality Group, Inc., commented, “Our impressive first quarter results reflect not only accelerating sales trends, but also strong margins as our operators continued to execute the efficiency and capacity utilization initiatives that we implemented in 2020. I would like to express my...
Hain Celestial Reports Third Quarter Fiscal Year 2021 Financial Results
The Hain Celestial Group a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life™, today reported financial results for the third quarter ended March 31, 2021. The results contained herein are presented with the Hain Pure Protein and Tilda operating segments being treated as discontinued operations. All growth comparisons are against the corresponding prior year period unless otherwise noted.
Mark L. Schiller, Hain Celestial's President and Chief Executive Officer, commented, "We are pleased with our strong third quarter results. We successfully lapped the March 2020 stock up period to deliver sales in line with our guidance, several hundred basis points of margin improvement and strong adjusted EBITDA growth. I am extremely proud of our team which continues to execute more than a full year into...
Blue Apron Holdings Reports First Quarter 2021 Results
Blue Apron Holdings announced financial results for the quarter ended March 31, 2021.
“Blue Apron had a strong 2021 first quarter with net revenue rising 27% year over year to $129.7 million, representing our fourth consecutive quarter of double-digit year over year net revenue growth,” said Linda Findley Kozlowski, Blue Apron’s President and Chief Executive Officer. “The first quarter marked another period of year-over-year improvements in all of our key customer metrics. In particular, strong Average Order Value and Orders per Customer drove a 22% improvement in Average Revenue per Customer to an all-time quarterly record level. This demonstrates that...
Papa John’s Announces First Quarter 2021 Financial Results
Papa John’s International announced financial results for the first quarter ended March 28, 2021.
First quarter 2021 highlights compared to first quarter 2020
Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2021 Results
Performance Food Group Company announced its third-quarter and first-nine months fiscal 2021 business results.
“Our Company’s strong momentum and recovery has continued into calendar 2021,” said George Holm, PFG’s Chairman, President & Chief Executive Officer, “and I am extremely pleased with the progress we have made as many markets reopen for business. As we expected, the pace of rebuilding our workforce accelerated to support sales trend improvement. We believe that these expenses put us in a solid position to maintain our top-line performance through the rest of fiscal 2021 and into fiscal 2022. Despite a strong January and February in the year ago period...
Maple Leaf Foods Reports First Quarter 2021 Financial Results
Maple Leaf Foods reported its financial results for the first quarter ended March 31, 2021.
"Maple Leaf remains committed to delivering shared value, and to building an enduring company, with a vision to be the most sustainable protein company on earth," said Michael H. McCain, President and CEO. "We continue to deliver on our commitments. As we cross the one-year mark of the COVID-19 pandemic, I continue to be inspired by our dedicated front-line team members who come into work each day to produce the food we all need to stay healthy. Our number one priority is to keep our people healthy during this global crisis, and beyond. At the same time, we are delivering on our financial commitments, including both significant revenue growth and margin expansion in...
Dine Brands Global Reports First Quarter 2021 Results
Dine Brands Global, the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, announced financial results for the first quarter of 2021.
“Dine Brands first-quarter 2021 results demonstrate positive momentum across our company. Thanks to the strength of our brands, and the resilience and collaboration of our franchisees and team members, we have a sharper focus on digital and marketing capabilities, operational basics and a steadfast dedication to the safety of...
Del Taco Restaurants Reports Fiscal First Quarter 2021 Financial Results
Del Taco Restaurants reported fiscal first quarter 2021 financial results for the 12-week period ending March 23, 2021 and provided a business update.
John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We are pleased to have delivered a very strong first quarter that sets us up for a great year at Del Taco. Although the operating environment remains very difficult due to continued COVID related impacts and very challenging labor availability, our team is doing an outstanding job growing sales by serving guests through our drive-thru, take-out, and delivery channels while managing...
Weis Markets Reports First Quarter Results
Weis Markets reported its sales increased 2.1 percent to $1.0 billion during the thirteen-week period ended March 27, 2021, compared to the same period in 2020, while first quarter comparable store sales increased 1.4 percent.
The Company's first quarter net income decreased 9.1 percent to $24.3 million compared to $26.7 million in 2020, while earnings per share totaled $0.90 compared to $0.99 per share for the same period in 2020.
"The World Health Organization declared the novel coronavirus (COVID-19) a pandemic on March 11, 2020 which resulted in...
Sysco Reports Third Quarter Fiscal 2021 Results
Sysco Corporation announced financial results for its 13-week third fiscal quarter ended March 27, 2021.
Publix Reports First Quarter 2021 Results and Stock Price
The coronavirus pandemic was declared a national emergency on March 13, 2020 and continues to be a challenge. It remains a top priority of Publix to serve the communities in which it operates in a way that protects the health and safety of its associates and customers.
Publix’s sales for the three months ended March 27, 2021 were $11.7 billion, a 3.9% increase from $11.2 billion in 2020. Comparable store sales for the three months ended March 27, 2021 increased 2.4%. The company estimates its sales for the three months ended March 27, 2021 and March 28, 2020 increased approximately...
Restaurant Brands International Reports First Quarter 2021 Results
Restaurant Brands International Inc. reported financial results for the first quarter ended March 31, 2021.
José E. Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "Our first quarter results signal our return to growth with system-wide sales surpassing Q1 2019 and net restaurant growth nearly matching our best-ever Q1 performance in 2018. We are excited by the global growth potential of our brands and are encouraged by this early momentum as we work toward a return to historic levels of unit growth this year."
"Our home market recovery from the pandemic is well-underway, including at Tim Hortons in Canada where our business fundamentals have continued to improve as we execute on our Back to Basics plan, which included exciting product launches in Q1 like our new dark roast coffee and...
The Cheesecake Factory Reports Results for First Quarter of Fiscal 2021 and Provides Business Update
The Cheesecake Factory Incorporated reported financial results for the first quarter of fiscal 2021, which ended on March 30, 2021.
Total revenues were $627.4 million in the first quarter of fiscal 2021 compared to $615.1 million in the first quarter of fiscal 2020. Net loss available to common stockholders and diluted net loss per common share were $1.2 million and $0.03, respectively, in the first quarter of fiscal 2021.
During the first quarter of fiscal 2021, the Company recorded COVID-19 related charges of $4.9 million, for costs such as sick and vaccination pay, healthcare and...
Bloomin’ Brands Announces 2021 Q1 Financial Results and Strong Operating Margin Expansion
Bloomin’ Brands reported results for the first quarter 2021 (“Q1 2021”) compared to the first quarter 2020 (“Q1 2020”).
“The first quarter was a strong start to the year. We are well positioned to grow sales, and capture additional market share as the economic recovery continues,” said David Deno, Chief Executive Officer. “As a result of investments made over the last few years we are making great progress in growing...
Grubhub Reports First Quarter 2021 Results
Grubhub announced financial results for the first quarter ended March 31, 2021 and also posted a letter to shareholders on its investor relations website. For the first quarter, the Company reported revenues of $551 million, which is a 52% year-over-year increase from $363 million in the same period last year. Gross Food Sales grew 60% year-over-year to $2.6 billion, up from $1.6 billion in the first quarter of 2020.
"We are proud of our continued role in helping restaurants grow their businesses and supporting the communities where they operate. Our team continued its strong execution in the first quarter – easily hitting records for all of our key business metrics," said Matt Maloney, Grubhub founder and CEO. "With yesterday's public filing of the registration statement and...
Kraft Heinz Reports First Quarter 2021 Results
The Kraft Heinz Company reported financial results for the first quarter of 2021 that reflected solid net sales growth, favorable product mix, and lower general corporate expenses versus the year-ago period, with strong performance across all business segments.
“Our first quarter was better than expected, with our team delivering strong results on top of exceptional growth last year,” said Kraft Heinz CEO Miguel Patricio. “Looking forward, we will continue to focus on leveraging our tremendous scale by investing to improve our capabilities and overall agility. As we do, we believe we will come out of this period...
Domino's Pizza Announces First Quarter 2021 Financial Results
Domino's Pizza announced results for the first quarter. Global retail sales increased 16.7% in the first quarter, or 14.0% excluding foreign currency impact. U.S. same store sales grew 13.4% during the quarter versus the year-ago period, continuing the positive sales momentum in the Company's U.S. stores business. The international business also posted strong results, with same store sales growth of 11.8% during the quarter. The first quarter marked the 109th consecutive quarter of international same store sales growth and the 40th consecutive quarter of U.S. same store sales growth.
The Company had first quarter global net store growth of 175 stores, comprised of 36 net U.S. store openings and 139 net international store openings.
First quarter diluted EPS was $3.00, down...
McDonald's Reports First Quarter 2021 Results
McDonald's Corporation announced results for the first quarter ended March 31, 2021.
"Our first quarter 2021 global comparable sales and revenues surpassed first quarter 2019 levels, even as resurgences and operating restrictions persist in many parts of the world. I continue to be inspired by the resilience of our crew members, franchisees, suppliers, and company employees as we lead with our values and stay true to our purpose of feeding and fostering communities," said McDonald's President and Chief Executive Officer Chris Kempczinski. "Our teams around the world are focused on executing our Accelerating the Arches strategy at the highest level - we're maximizing our marketing in a culturally relevant way, committed to...
Pilgrim's Pride Reports First Quarter Financial Results
Pilgrim’s Pride Corporation reports first quarter 2021 financial results.
First Quarter Highlights
Starbucks Reports Q2 Fiscal 2021 Results
Starbucks Corporation reported financial results for its 13-week fiscal second quarter ended March 28, 2021. GAAP results in fiscal 2021 and fiscal 2020 include items that 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 am very pleased with our progress to date in fiscal 2021, as our second quarter results demonstrated impressive momentum in the business with full sales recovery in the U.S. Our strong results validate...
Yum China Reports First Quarter 2021 Results
Yum China Holdings reported unaudited results for the first quarter ended March 31, 2021.
Impact of COVID-19 Outbreak and Mitigation Efforts
Yum China reported substantial year-over-year growth in the first quarter, as the Company began to lap prior year periods that were impacted by COVID-19. System sales growth was mainly attributable to same-store sales growth, new unit contribution and substantially fewer temporary store closures. Operating Profit growth was further driven by lower commodity prices and productivity gains.
First quarter sales were impacted by regional resurgences of COVID-19 before the Chinese New Year and tightened public health measures across China. The tightened measures and...
Wingstop Reports Fiscal First Quarter Financial Results
Wingstop announced financial results for the fiscal first quarter ended March 27, 2021.
Highlights for the fiscal first quarter 2021 compared to the fiscal first quarter 2020:
Yum! Brands Reports First-Quarter Results
Yum! Brands reported results for the first-quarter ended March 31, 2021. Worldwide system sales excluding foreign currency translation grew 11%, with 9% same-store sales and 1% unit growth. First-quarter GAAP EPS was $1.07. First-quarter EPS excluding Special Items was also $1.07, an increase of 67% over the prior year quarter.
David Gibbs Comments
David Gibbs, CEO, said “First-quarter results reflect encouraging momentum across our business, including solid 2-year same-store sales growth and a meaningful uplift in unit development, underpinned by the focus and collaboration of our franchise partners and restaurant teams around the world. During the quarter we took important steps to further boost our digital and marketing capabilities through the acquisitions of...
Albertsons Companies Reports Fourth Quarter and Full Year Results
Albertsons Companies, Inc. reported results for the fourth quarter of fiscal 2020 and full year fiscal 2020, which ended February 27, 2021, and provided a fiscal 2021 outlook.
Fourth Quarter 2020 Highlights
Chipotle Announces First Quarter 2021 Results
Chipotle Mexican Grill, Inc. reported financial results for its first quarter ended March 31, 2021.
First quarter highlights, year over year:
Cal-Maine Foods Reports Third Quarter Fiscal 2021 Results
Cal-Maine Foods, Inc. reported results for the third quarter of fiscal 2021 (thirteen weeks) and thirty-nine-week period ended February 27, 2021.
Net sales for the third quarter of fiscal 2021 were $359.1 million, a 3.9 percent increase compared to $345.6 million for the third quarter of fiscal 2020. The Company reported net income of $13.5 million, or $0.28 per basic and diluted share, for the third quarter of fiscal 2021, compared to net income of $13.7 million, or $0.28 per basic and diluted share, for the third quarter of fiscal 2020.
For the thirty-nine weeks ended February 27, 2021, net sales were $999.2 million, an 11.2 percent increase compared with $898.3 million for the prior-year period. The Company reported net income of...
General Mills Reports Fiscal 2021 Third-Quarter Results
General Mills reported results for the third quarter ended February 28, 2021.
“We continued to execute well and delivered profitable growth in the third quarter,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “We’ve made good progress on our fiscal 2021 priorities, including competing effectively, fueling investment in our brands and capabilities, and reducing our leverage. With our balance sheet in a strong position, we have resumed share repurchase activity in the fourth quarter. We’re continuing to advance our Accelerate strategy, including yesterday’s announcement of our proposed divestiture of our European Yoplait business. Looking ahead, we remain focused on strengthening our momentum and emerging from the pandemic a stronger company, even better positioned to drive long-term shareholder value.”
General Mills is executing its Accelerate strategy to drive sustainable, profitable growth and top-tier shareholder returns over the long term. The strategy focuses on four pillars to create...
Weis Markets Reports Results For 2020 And Fourth Quarter
Weis Markets reported total sales of over $4.1 billion for the 52-week period ended December 26, 2020, up 16.1 percent compared to the same period a year ago, while annual comparable store sales increased 16.4 percent. Income from operations increased $78.5 million, or 92.8 percent over the same period in 2019 to $163.2 million.
The Company's net income for fiscal year 2020 increased 74.9 percent to $118.9 million compared to $68.0 million in 2019 while earnings per share for the same period increased $1.89 to $4.42 per share.
"The pandemic has been a supreme challenge for our communities and associates who continue to diligently serve our customers," said Jonathan H. Weis, Weis Markets' Chairman and Chief Executive Officer. "As previously noted in our third quarter results release, in-home meal consumption...
Del Taco Restaurants Reports Fiscal Fourth Quarter and Fiscal Year 2020 Financial Results
Del Taco Restaurants reported fiscal fourth quarter and fiscal year 2020 financial results for the 16-week and 52-week periods ending December 29, 2020 and provided a business update.
John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We delivered a solid fourth quarter performance in terms of comparable restaurant sales growth, restaurant contribution margin and adjusted EBITDA performance. Our great food, great value, and great experiences drove overall satisfaction scores to record levels, while the success of our Crispy Chicken menu and seasonal Tamale promotion enabled us to...
Ruth’s Hospitality Group Reports Fourth Quarter With a Return to Positive Net Income
Ruth’s Hospitality Group, Inc. provided a business update on the impact of the COVID-19 pandemic and reported unaudited financial results for its fourth quarter and fiscal year ended December 27, 2020.
Business and Liquidity Update:
At the end of the fourth quarter of 2020, 91% (70 of 77) of company-owned and managed restaurants were open, which included 48 restaurants offering limited capacity dining service, three restaurants offering outdoor seating only, and 19 restaurants offering to-go and delivery service only. Beginning in the second half of November, the Company faced an increasing number of local COVID-19 pandemic-related governmental restrictions, including...
BJ’s Wholesale Club Holdings Announces Record Fourth Quarter and Fiscal 2020 Results
BJ’s Wholesale Club Holdings, Inc. announced its financial results for the thirteen and fifty-two weeks ended January 30, 2021.
"2020 was a remarkable, transformative and challenging year that structurally changed our business for the better. While the unique circumstances brought on by the pandemic provided tailwinds, our industry-leading results and significant market share gains demonstrate the strength of our execution in these challenging times. We made substantial strategic progress including delivering record membership results, optimizing merchandising, expanding...
Kroger Delivers Strong Fourth Quarter and Fiscal Year 2020 Results
The Kroger Co. reported its fourth quarter and fiscal year 2020 results.
"I am incredibly humbled by the strength of our associates and what we continue to accomplish together. Our customers are at the center of everything we do and we will continue to serve them as we have since the beginning of the pandemic, through our leadership in food and as a health partner, providing COVID-19 testing and vaccines.
"Kroger continued to grow market share during the quarter. Our ability to meet our customers' evolving needs is a testament to our deep competitive moats, disciplined investments in our increasingly robust digital capabilities, as well as our associates' relentless focus on our customers. We finished fiscal year 2020 with...
Wendy's Reports Fourth Quarter And Full Year 2020 Results
The Wendy's Company reported results for the fourth quarter and fiscal year ended January 3, 2021.
"I could not be more proud of our results and the work that was done by the Wendy's® System across the globe in 2020 with all the challenges we faced and overcame during the year. I am confident that we have emerged as a stronger, more unified brand that is poised to deliver outsized growth" President and Chief Executive Officer Todd Penegor said. "We accomplished a lot in 2020, including securing our position as the #2 QSR hamburger restaurant chain* in the U.S., achieving our two highest quarterly Global same restaurant sales results in over...
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