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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...
Full Story »
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


Red Robin Gourmet Burgers Reports Results for the Fiscal First Quarter Ended April 21, 2019

Red Robin Gourmet Burgers, Inc., (NASDAQ:RRGB) last week reported financial results for the quarter ended April 21, 2019.

First Quarter 2019 Financial Highlights Compared to First Quarter 2018

  • GAAP earnings per diluted share were $0.05 compared to $0.34;
  • Adjusted earnings per diluted share were $0.19 compared to $0.69 (see Schedule I);
    Total revenues were $409.9 million, a decrease of 2.8%;
  • Off-premise sales increased 20.6%, now comprising 11.6% of total food and beverage sales, including catering;
  • Comparable restaurant revenue decreased 3.3% (using...
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Jun 3 12:11 PM, General News


Sanderson Farms Inc Reports Results for Second Quarter of Fiscal 2019

Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for its second fiscal quarter and six months ended April 30, 2019.

Net sales for the second quarter of fiscal 2019 were $845.2 million compared with $813.5 million for the same period a year ago. For the quarter, net income was $40.6 million, or $1.83 per share, compared with net income of $41.9 million, or $1.84 per share, for the second quarter of fiscal 2018.

Net sales for the first six months of fiscal 2019 were $1,588.6 million compared with $1,585.4 million for the same period of fiscal 2018. Net income for the first half of the fiscal year totaled $22.8 million, or $1.03 per share, compared with net income of $93.2 million, or $4.08 per share, for the first six months of fiscal 2018...

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May 30 9:03 AM, General News


BJ’s Wholesale Club Holdings Inc Announces First Quarter Fiscal 2019 Results

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) (the "Company") today announced its financial results for the thirteen weeks ended May 4, 2019.

“We are pleased with our solid start to the year,” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. "We delivered merchandise comparable sales of 1.9%, improved margins and continued to grow earnings by executing against our strategic priorities. Looking forward, we continue to see momentum across our business and are encouraged by the opportunities ahead of us, as we continue to transform BJ's Wholesale Club."

“In addition, Robert Steele has been appointed to serve as BJ’s Lead Independent Director,” said Baldwin. “His extensive experience and knowledge of our industry and business will be invaluable to our company.”

Additional Highlights...

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May 23 11:17 AM, General News


Hormel Foods Reports Second Quarter Results

Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the second quarter of fiscal 2019. All comparisons are to the second quarter of fiscal 2018 unless otherwise noted.

Executive Summary 

  • Volume of 1.2 billion lbs., up 1%
  • Record net sales of $2.3 billion, up 1%
  • Pretax earnings of $318 million, up 7%
  • Diluted earnings per share of $0.52
  • Excluding one-time gain on the divestiture of CytoSport, adjusted diluted EPS1 of $0.46 per share
  • Effective tax rate of 11.1% compared to 20.0% last year
  • Operating margin of 13.3% compared to 12.9% last year
  • Year-to-date cash flow from operations of $366 million, down 18% due to...
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May 23 8:18 AM, General News


SpartanNash Announces First Quarter 2019 Financial Results

SpartanNash Company (the "Company") (Nasdaq: SPTN) today reported financial results for the 16-week first quarter ended April 20, 2019.

"We are pleased with our team's efforts to grow net sales across all three business segments, particularly in light of the challenging operating environment," said David Staples, President and Chief Executive Officer. "While we are not satisfied with our bottom-line results for the quarter, our team remains committed to our fiscal 2019 objectives and long-term strategy, which we believe will support both future growth and profitability long-term."

Strategic Business Objectives

As outlined in its fourth quarter earnings release, the Company has defined its top five objectives for 2019. These objectives remain critical in the context of the Company's long-term strategic objective to evolve into a company with a national, highly efficient distribution platform servicing a diverse customer base through...

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May 21 8:56 AM, General News


FAT Brands Inc Reports Fiscal First Quarter 2019 Financial Results

FAT(Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported fiscal first quarter 2019 financial results for the 13-week period ending March 31, 2019.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “Results in the first quarter reflect continued strength of the Fatburger brand and improvements at the Hurricane brand, offset by softness at Ponderosa and Bonanza Steakhouses.

During the quarter, we continued to execute our key strategic initiatives to drive same-store sales growth across our brands...

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May 15 9:59 AM, General News


Alibaba Group Announces March Quarter and Full Fiscal Year 2019 Results

Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter and fiscal year ended March 31, 2019. “More and more, Alibaba is becoming synonymous with everyday consumption in China, growing our base to 654 million annual active consumers and extending our penetration in less-developed cities,” said Daniel Zhang, Chief Executive Officer of Alibaba Group. “Our cloud and data technology and tremendous traction in New Retail have enabled us to continuously transform the way businesses operate in China and other emerging markets, which will contribute to our long-term growth.”

“We delivered another strong quarter and excellent fiscal year, led by fiscal year revenue growth of 51% as well as robust user growth and engagement across our ecosystem. Excluding the effects of consolidating acquired businesses, revenue would have...

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May 15 8:37 AM, General News


The Wendy's Company Reports First Quarter 2019 Results

The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the first quarter ended March 31, 2019.

"We delivered strong earnings growth in the first quarter and are proud of 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 food our customers love, friendly service, value, and an inviting atmosphere will continue to drive growth in the future...

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May 9 8:19 AM, General News


Del Taco Restaurants Reports Fiscal First Quarter 2019 Financial Results

Del Taco Restaurants, Inc., (NASDAQ: TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal first quarter 2019 financial results for the 12-week period ending March 26, 2019. Del Taco also reaffirmed its previously announced guidance for fiscal year 2019.

Fiscal First Quarter 2019 Highlights

  • System-wide comparable restaurant sales decreased 0.1%;
  • Company-operated comparable restaurant sales decreased 0.6%. Company-operated comparable restaurant sales were comprised of average check growth of 4.9%, including nearly 1% of menu mix growth, offset by a transaction decline of 5.5%;
  • Franchised comparable restaurant sales grew...
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May 7 3:19 PM, General News


US Foods Reports First 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 first quarter of fiscal 2019.

First Quarter Fiscal 2019 Highlights

  • Total case volume increased 1.4%; independent restaurant case volume increased 5.5%
  • Net sales increased 3.6% to $6.0 billion
  • Gross profit increased 6.0% to $1,052 million
  • Income before income taxes increased $28 million to $91 million
  • Net income increased $4 million to $71 million
  • Adjusted EBITDA increased 3.6% to...
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May 7 11:54 AM, General News


Sysco Reports Third Quarter Fiscal 2019 Results

Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week third fiscal quarter ended March 30, 2019.

Third Quarter Fiscal 2019 Highlights

  • Sales increased 2.2% to $14.7 billion
  • Gross profit increased 2.9% to $2.8 billion; gross margin increased 14 basis points
  • Operating income increased 9.8% to $529.6 million; adjusted¹ operating income increased 16.6% to $620.2 million
  • EPS increased $0.22 to $0.85; adjusted¹ EPS increased $0.12 to $0.79...
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May 6 11:32 AM, General News


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

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) today reported unaudited financial results for its first quarter ended March 31, 2019.

Highlights for the first quarter of 2019 were as follows:

  • Restaurant sales in the first quarter of 2019 increased 2.4% to $113.0 million compared to $110.4 million in the first quarter of 2018. Average unit weekly sales were $111.4 thousand in the first quarter of 2019, an increase of 1.1% compared to $110.3 thousand in the first quarter of 2018.
  • Net income in the first quarter of 2019 was $13.9 million, or $0.47 per diluted share, compared to net income of $13.6 million, or $0.45 per diluted share, in the first quarter of 2018...
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May 6 8:51 AM, General News


Tyson Foods Reports Strong Second Quarter Fiscal 2019 Results

Tyson Foods, Inc. (NYSE: TSN), 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

  • GAAP EPS of $2.67, down 49% from record prior year (prior year included a one-time tax benefit of $2.71)
  • Adjusted EPS of $2.78, down 10% from record prior year
  • GAAP operating income of $1,442 million; Adjusted operating income of $1,495 million
  • Total Company GAAP operating margin of 7.0%; Adjusted operating margin of...
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May 6 8:47 AM, General News


Shake Shack Announces First Quarter 2019 Financial Results

Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today reported its financial results for the first quarter ended March 27, 2019, a period that included 13 weeks.

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

  • Total revenue increased 33.8% to $132.6 million.
  • Shack sales increased 33.8% to $128.6 million.
  • Same-Shack sales increased 3.6%.
  • Shack system-wide sales increased 33.5% to $195.2 million.
  • Operating income was $5.2 million, or 3.9% of total revenue, which included the impact of costs associated with Project Concrete and other one-time items totaling $0.5 million, resulting in a decrease of 20.8%.
  • Shack-level operating profit...
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May 3 9:44 AM, General News


The Cheesecake Factory Reports Results for First Quarter of Fiscal 2019

The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the first quarter of fiscal 2019, which ended on April 2, 2019.

Total revenues were $599.5 million in the first quarter of fiscal 2019 compared to $584.7 million in the first quarter of fiscal 2018. Net income and diluted net income per share were $27.0 million and $0.60, respectively, in the first quarter of fiscal 2019.

Excluding the after-tax impact of the $1.5 million loss on the Company’s minority investments, net income and diluted net income per share for the first quarter of fiscal 2019 would have been $28.1 million and $0.62, respectively. Please see the Company’s reconciliation of non-GAAP financial measures at the end of this release...

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May 2 11:40 AM, General News


Maple Leaf Foods Reports First Quarter 2019 Financial Results

Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for the first quarter ending March 31, 2019.

Quarter highlights

  • Sales up 11.0% driven by acquisitions and growth in core business
  • Adjusted EBITDA margin of 9.3%, impacted by investments in growth for plant-based protein, start-up in new capacity in protein kits and meat pies, and integration of 2018 acquisitions
  • Announced capital investment of US$336.0 million to expand plant-based protein capacity to secure continued leadership position and meet escalating demand...
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May 2 11:26 AM, General News


Dunkin' Brands Reports First Quarter 2019 Results

Dunkin' Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' and Baskin-Robbins (BR), today reported results for the first quarter ended March 30, 2019.

"While we are still in the early innings of the implementation of our Blueprint for Growth, Dunkin' U.S. delivered a strong first quarter, including 5.5 percent systemwide sales growth and a 2.4 percent increase in comparable store sales, which was the largest quarterly comparable store sales increase in four years. This solid performance, across both morning and afternoon, was driven by consistent, compelling national value promotions and continued beverage sales momentum. In particular, the relaunch of our highly successful...

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May 2 10:28 AM, General News


Pilgrim's Pride Releases First Quarter Results

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

First Quarter Highlights

  • Net Sales of $2.72 billion.
  • Net Income of $84.0 million.
  • Operating Income margins of 6.1% in U.S., 2.9% in Mexico and 2.5% in Europe operations, respectively.
  • Adjusted EBITDA of $204.4 million (or a 7.5% margin), and Adjusted EPS of $0.35.
  • Significant sequential rebound in U.S. operations vs. Q4, driven by stronger markets as feature activities tracked much closer to seasonality. Our balanced portfolio has continued to evolve, realizing the results of investments made...
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May 2 9:22 AM, General News


Dine Brands Global Reports First Quarter 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 first quarter of 2019.

“Dine Brands delivered another impressive quarter. Our performance and momentum reflect the continued improvement in our core business. We delivered double-digit growth in several key metrics. The implementation of multi-pronged strategies at Applebee’s and IHOP have produced positive results. Both brands reported positive comparable sales growth for the first quarter, lapping over positive sales results for the first quarter of 2018,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc...

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May 2 9:14 AM, General News


Yum! Brands Reports First Quarter Results 

Yum! Brands, Inc. (NYSE: YUM) today reported results for the first-quarter ended March 31, 2019. Worldwide system sales excluding foreign currency translation grew 8%, with 7% net-new units and 4% same-store sales growth. First-quarter GAAP EPS was $0.83, a decrease of (35)%. First-quarter EPS excluding Special Items was $0.82, a decrease of (8)%.

Greg Creed Comments

Greg Creed, CEO, said, “The third and final year of our transformation is underway and I’m thrilled with the progress towards our commitment to becoming a more focused, more franchised, and more efficient growth company. First-quarter results were a solid start to the year, reflecting particular strength at the KFC division and Taco Bell U.S. With this quarter, we have a healthy foundation to...

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May 2 9:07 AM, General News


McDonald's Reports First Quarter 2019 Results

McDonald's Corporation today announced results for the first quarter ended March 31, 2019.

"We started the year strong with our 15th consecutive quarter of positive global comparable sales, reflecting continued broad-based momentum across each of our global segments," said McDonald's President and Chief Executive Officer Steve Easterbrook. "We remain focused on running better restaurants and elevating the experience for our customers by providing convenience on their terms through delivery, Experience of the Future, and our evolving digital channels."

First quarter highlights...

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Apr 30 9:22 AM, General News


Restaurant Brands International Inc. Reports First Quarter 2019 Results

Restaurant Brands International Inc. (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the first quarter ended March 31, 2019.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "At BURGER KING® and POPEYES®, we saw strong system-wide sales growth driven by net restaurant growth, reflecting the strength of our brands and business model around the world. Underlying fundamentals at TIM HORTONS® remain strong and we are excited about our first three restaurants in China. Overall, we are confident in the long-term growth prospects for each of our three iconic brands, and remain focused on providing a great guest experience while driving franchisee profitability...

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Apr 29 9:56 AM, General News


Starbucks Reports Q2 Fiscal 2019 Results

Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter ended March 31, 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 another quarter of solid operating results, demonstrating that our ‘Growth at Scale’ agenda is working,” said Kevin Johnson, president and ceo. “We are especially pleased with our comparable store sales growth in our two lead markets, the U.S. and China, where we are also continuing to drive strong new store development with industry-leading returns. With solid first-half financial results, we are on track to deliver on our full-year commitments...

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Apr 26 10:03 AM, General News


Amazon.com Announces First Quarter Sales

Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2019.

Operating cash flow increased 89% to $34.4 billion for the trailing twelve months, compared with $18.2 billion for the trailing twelve months ended March 31, 2018. Free cash flow increased to $23.0 billion for the trailing twelve months, compared with $7.3 billion for the trailing twelve months ended March 31, 2018. Free cash flow less principal repayments of finance leases and financing obligations increased to $15.1 billion for the trailing twelve months, compared with $1.1 billion for the trailing twelve months ended March 31, 2018. Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to an inflow of $11.8 billion for the trailing twelve months, compared with an outflow of $3.0 billion for the trailing twelve months ended March 31, 2018.

On January 1, 2019, we adopted accounting guidance amending the accounting for leases, which did not have a material impact on our first quarter operating results. Prior period amounts were not retrospectively adjusted. Under this new guidance...

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Apr 26 8:40 AM, General News


Grubhub Reports First 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 first quarter ended March 31, 2019. The Company posted revenues of $324 million, which is a 39% year-over-year increase from $233 million in the first quarter of 2018. Gross Food Sales grew 21% year-over-year to $1.5 billion, up from $1.2 billion in the same period last year.

"We are extremely proud of our entire team for another fantastic quarter of execution - record new diner growth, thousands of new quality restaurants added to our platform and a sixth consecutive quarter of organic order acceleration. Even with our recent ramp in growth investments, adjusted EBITDA per order improved during the quarter, underscoring our ability to grow in a long-term sustainable manner...

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Apr 26 8:28 AM, General News


Chipotle Announces First Quarter 2019 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2019.

First quarter highlights, year over year:

  • Revenue increased 13.9% to $1.3 billion
  • Comparable restaurant sales increased 9.9%, net of 30 bps from loyalty deferral, and included 5.8% of comparable restaurant transaction growth and 2% in mix contribution
  • Digital sales grew 100.7% and accounted for 15.7% of sales for the quarter
  • Restaurant level operating margin was 21.0%, an increase from...
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Apr 25 9:01 AM, General News


Domino's Pizza Announces First Quarter 2019 Financial Results

Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world based on global retail sales, announced results for the first quarter, comprised of healthy growth in global retail sales and earnings per share. Global retail sales increased 4.6% in the first quarter, or 8.5% without the negative impact of changes in foreign currency exchange rates. U.S. same store sales grew 3.9% during the quarter versus the year-ago period, 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 1.8% during the quarter. The first quarter marked the 101st consecutive quarter of international same store sales growth and the 32nd consecutive quarter of U.S. same store sales growth. The Company had first quarter global net store growth of 200 stores, comprised of...

 

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Apr 24 9:45 AM, General News


Cal-Maine Foods Reports Third Quarter Fiscal 2019 Results and Announces Expansion Projects

Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the third quarter (thirteen weeks) ended March 2, 2019.

Net sales for the third quarter of fiscal 2019 were $384.0 million, an 11.9 percent decrease, compared to $435.8 million for the third quarter of fiscal 2018. The Company reported net income of $39.8 million, or $0.82 per basic and diluted share, for the third quarter of fiscal 2019, compared to net income of $96.3 million, or $1.99 per basic and diluted share, for the third quarter of fiscal 2018. Results for the third quarter of fiscal 2018 were favorably affected by a $35.0 million, or $0.72 per basic and diluted share, discrete tax benefit related to the Tax Cuts and Jobs Act (TCJA) tax reform legislation enacted during the period, and the subsequent revaluation of the Company’s deferred tax liabilities at the new, lower corporate tax rate.

For the thirty-nine weeks ended March 2, 2019, net sales were $1,080.6 million compared to $1,059.8 million for the prior-year period. The Company reported net income of ...

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Apr 2 9:25 AM, General News


Cargill Reports Fiscal 2019 Third-Quarter Results

Cargill today reported results for the fiscal 2019 third quarter and first nine months ended Feb. 28, 2019. Key measures include:

  • Adjusted operating earnings were $604 million, up 8 percent from the $559 million earned last year. This brought earnings for the first nine months to $2.34 billion, a 2 percent decrease from the prior year.
  • Net earnings on a U.S. GAAP basis for the quarter were $566 million, a 14 percent increase from $495 million in the year-ago period. For the nine-month period, net earnings declined 3 percent to $2.33 billion.
  • Third-quarter revenues decreased 4 percent to ...
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Mar 28 11:40 AM, General News


FAT Brands Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2018 Financial Results

FAT(Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported fiscal fourth quarter and fiscal year 2018 financial results for the 13-week and 52-week periods ending December 30, 2018.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “2018 was our first full year operating with our management platform, which was designed to seamlessly scale with new brand acquisitions. We demonstrated its capability through the smooth integration of both Hurricane Grill & Wings and Yalla Mediterranean into our system. We continue to seek synergistic acquisition opportunities that meet our criteria, where we can leverage our platform to drive efficiencies and growth.”

Because 2018 was our initial full year of operation, comparative information is not available for ...

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Mar 27 10:10 AM, General News


Conagra Brands Reports Third Quarter Results

Today Conagra Brands, Inc. (NYSE: CAG) reported results for the third quarter of fiscal year 2019, which ended on February 24, 2019. All comparisons for 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," "pro forma," "EBITDA," and certain "adjusted" results, are defined under the section entitled "Definitions."

Highlights

  • Net sales grew 35.7%, driven primarily by the Pinnacle Foods acquisition. Organic net sales excluding the sale of the Trenton, Missouri production facility (Trenton) increased 1.9%.
  • The Grocery & Snacks segment grew net sales by 2.9% behind continued ...
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Mar 21 8:53 AM, General News


Weis Markets Reports Results for 2018 and Fourth Quarter

Weis Markets, Inc. (NYSE: WMK) today reported record total sales of over $3.5 billion for the 52-week period ended December 29, 2018, up 1.2 percent compared to the same period a year ago, while annual comparable store sales increased 0.7 percent. Income from operations rose $7.2 million, or 9.4 percent to $83.6 million compared to $76.4 million for the same period in 2017.

The Company's annual and fourth quarter net income comparisons are impacted by the federal government's implementation of the Tax Cuts and Jobs Act (Tax Reform) in 2017. The Company realized a $49.3 million decrease in its deferred income tax due to this legislation, which improved net income in both its 2017 and fourth quarter results. The current annual results contain ...

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Mar 12 9:15 AM, General News


Kroger Delivers Key Year-One Restock Kroger Commitments

The Kroger Co. (NYSE: KR) today reported fourth quarter and fiscal 2018 results and provided a Restock Kroger progress update after its first full year executing the company's three-year transformation plan.

Comments from Chairman and CEO Rodney McMullen

"Kroger solidly delivered on what we set out to do in 2018, which was an investment year that laid the groundwork for us to achieve our 2020 Restock Kroger targets including financials. We reached our FIFO operating profit goal and finished the year with sales and business momentum. We have a clear path to ...

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Mar 7 8:37 AM, General News


BJ’s Wholesale Club Holdings, Inc. Announces Record Fourth Quarter Fiscal 2018 Results

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) today announced its financial results for the thirteen and fifty-two weeks ended February 2, 2019.

“We’re pleased with our fourth quarter and full year performance, which exceeded our expectations for sales and earnings,” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. “We ended the year with all-time high renewal rates and membership fee income. We delivered strong fourth quarter merchandise comp sales, supported by a successful holiday season and continued momentum through January. Looking ahead, we intend to continue ...

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Mar 7 8:15 AM, General News


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

United Natural Foods, Inc. (NYSE: UNFI) (the "Company" or "UNFI") today reported financial results for the second quarter of fiscal 2019 ended January 26, 2019.

Second Quarter Fiscal 2019 Highlights

  • Net Sales Increased To $6.15 Billion, Including $3.47 Billion From SUPERVALU
  • Legacy UNFI Sales Increased 5.8%
  • Results Include $370.9 Million Non-Cash Goodwill Impairment Charge

"I'm pleased by the tremendous work and meaningful progress our team accomplished this quarter on the integration of ...

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Mar 6 8:20 AM, General News


Maple Leaf Foods Reports Results for the Fourth Quarter and Year-End 2018

Maple Leaf Foods Inc. (the "Company") (TSX: MFI) today reported its financial results for the fourth quarter and full year ended December 31, 2018. The Company also announced it will increase its quarterly dividend by $0.015 per share or 11.5% to $0.145 per share, effective the first quarter of 2019.

Quarter highlights

  • Sales growth driven by core business offset by declines in fresh market prices
  • Adjusted EBITDA(1) margin of 10.0% with strong commercial performance offset by adverse fresh market conditions
  • Meaningful progress on strategic growth initiatives including further momentum in sustainable meats, renovation of the entire brand portfolio completed and continued double-digit growth in plant protein
  • Closed the strategic acquisitions of Cericola Farms and VIAU Foods providing new and attractive growth avenues in underlying businesses
  • Announced $605.5 million investment to construct state-of-the-art poultry facility to ...
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Feb 28 2:19 PM, General News


Ahold Delhaize Releases Q4 and Full Year 2018 Results

Fourth quarter:

  • Net sales of €16.5 billion, up 3.0% at constant exchange rates
  • Net consumer online sales up 25.0% at constant exchange rates
  • Operating income of €627 million, up 9.1% at constant exchange rates
  • Underlying operating margin of 4.2%, up 0.2% points, supported by synergies
  • Performance in the U.S. continued good momentum, underlying operating margin up 0.2% points
  • Solid growth in the Netherlands, with bol.com net consumer sales up 32.3%
  • New strategy in Belgium gaining traction, with sales growth and margin recovery

Full year:

  • Free cash flow €2.3 billion, up 24.0% at constant exchange rates
  • Underlying income per share* €1.60, up 29.6% at constant exchange rates
  • Proposed dividend of €0.70, up 11.1% compared to 2017

Ahold Delhaize, one of the world’s largest food retail groups and a leader in both supermarkets and eCommerce, reports...

Full Story »
Feb 28 8:15 AM, General News


Red Robin Reports Results for the Fiscal Fourth Quarter and Year Ended December 30, 2018

Red Robin Gourmet Burgers, Inc., (NASDAQ: RRGB), 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 and year ended December 30, 2018.

Financial Highlights for the 12 Weeks Ended December 30, 2018 Compared to the 13 Weeks Ended December 31, 2017

  • GAAP loss per diluted share was $0.82 compared to earnings per diluted share of $0.68;
  • Adjusted earnings per diluted share were $0.43 compared to $0.78;
  • Total revenues were $306.8 million, a decrease of 10.8%, including the negative impact of $24.3 million from having one fewer week in 2018 compared to 2017;
  • Off-premise sales increased 23.2%, now comprising 10.6% of total food and beverage sales, including catering;
  • Comparable restaurant revenue decreased 4.5% (using constant currency rates); and ...
Full Story »
Feb 27 11:55 AM, General News


Papa John's Announces Fourth Quarter 2018 Results and Provides 2019 Outlook 

Papa John’s International, Inc. (NASDAQ: PZZA)today announced financial results for the three months and full year ended December 30, 2018.

Highlights

  • Loss per diluted share of ($0.44) and adjusted earnings per diluted share of $0.15 in the fourth quarter of 2018, excluding the impact of Special items; adjusted earnings per diluted share down 72.2% from the fourth quarter 2017 of $0.54
  • Earnings per diluted share of $0.05 and adjusted earnings per diluted share of $1.34 for full year 2018, excluding Special items; adjusted earnings per diluted share down 46.6% from full year 2017 of $2.51
  • System-wide North America comparable sales decreases of 8.1% for the fourth quarter and 7.3% for the full year
  • International comparable sales decreases of 2.6% for the fourth quarter and 1.6% for the full year ...
Full Story »
Feb 27 8:23 AM, General News


Shake Shack Announces Fourth Quarter and Fiscal Year Ended 2018 Financial Results

Shake Shack Inc. (NYSE: SHAK), today reported financial results for the fourth quarter and the fiscal year ended December 26, 2018, periods that included 13 and 52 weeks, respectively.

Financial Highlights for the Fourth Quarter 2018:

  • Total revenue increased 29.3% to $124.3 million.
  • Shack sales increased 29.6% to $120.7 million.
  • Same-Shack sales increased 2.3%.
  • Shack system-wide sales increased 27.2% to $178.9 million
  • Operating income was $2.8 million, or 2.3% of total revenue, which included the impact of costs associated with Project Concrete and other one-time items totaling $0.7 million.
  • Shack-level operating profit*, a non-GAAP measure, increased 15.6% to ...
Full Story »
Feb 26 9:35 AM, General News


Cracker Barrel Reports Second Quarter Fiscal 2019 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the second quarter of fiscal 2019 ended February 1, 2019.

Second Quarter Fiscal 2019 Highlights

  • Compared to the prior year second quarter, comparable restaurant sales increased 3.8% with comparable restaurant traffic increasing 0.1%. Comparable store retail sales declined 1.4%.
  • Comparable restaurant sales and traffic growth outperformed the casual dining industry.
  • Earnings per diluted share were $2.52, compared to prior year second quarter GAAP earnings per diluted share of $3.79 (including a $1.06 per share benefit in Q2 2018 resulting from a one-time non-cash revaluation of the Company's deferred tax liability in conjunction with the Tax Cut and Jobs Act of 2017) and adjusted earnings per diluted share of $2.73 (see non-GAAP reconciliation below).
  • Operating income margin was 9.5% of revenue, compared to ...
Full Story »
Feb 26 8:56 AM, General News


Sanderson Farms, Inc. Reports Results for First Quarter of Fiscal 2019

Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the first quarter of fiscal 2019.

Net sales for the first quarter of fiscal 2019 were $743.4 million compared with $771.9 million for the same period a year ago. The Company reported a net loss of $17.8 million, or $0.82 per share, for the quarter compared with net income of $51.2 million, or $2.24 per share, for the first quarter of fiscal 2018.

Net income for last year’s first fiscal quarter reflected a one-time non-cash tax benefit of $37.5 million from an adjustment to the Company’s deferred income tax liability, which resulted from a lower tax rate under the December 2017 federal tax legislation.

“Our results for the first quarter reflect continued challenging market conditions with significantly lower market prices for boneless breast meat produced at our big bird deboning plants compared with last year’s first quarter,” said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. “However, average prices for tray pack products sold to retail grocery store customers were higher both sequentially and ...

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Feb 26 8:29 AM, General News


Ruth’s Hospitality Group, Inc. Reports Fourth Quarter and Full Year 2018 Financial Results

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) today reported unaudited financial results for its 13-week fourth quarter and 52-week full year ended December 30, 2018.

Highlights for the 13-week fourth quarter of 2018 compared to the 14-week fourth quarter of 2017 were as follows:

  • Restaurant sales in the 13-week fourth quarter of 2018 increased 2.3% to $120.0 million compared to $117.4 million in the 14-week fourth quarter of 2017. Average unit weekly sales were $117.8 thousand in the fourth quarter of 2018, an increase of 0.4% compared to $117.4 thousand in the fourth quarter of 2017.
  • Net income in the fourth quarter of 2018 was $14.9 million, or $0.49 per diluted share, compared to net income of $9.6 million, or $0.31 per diluted share, in the fourth quarter of 2017.
  • Net income in the fourth quarter of 2018 included $0.3 million in acquisition-related expenses associated with the acquisition of the six restaurants from ...
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Feb 22 4:18 PM, General News


The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2018

The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2018, which ended on January 1, 2019.

Total revenues were $585.2 million in the fourth quarter of fiscal 2018 compared to $571.8 million in the fourth quarter of fiscal 2017. Net income and diluted net income per share were $16.2 million and $0.35, respectively, in the fourth quarter of fiscal 2018.

The Company recorded a pre-tax charge of $15.0 million during the fourth quarter of fiscal 2018, including $13.9 million in non-cash impairment primarily related to one restaurant in each of the Cheesecake Factory, Grand Lux Cafe and RockSugar Southeast Asian Kitchen brands. Excluding the after-tax impact from this item, net income and diluted net income per share for the fourth quarter of fiscal 2018 would have ...

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Feb 22 10:03 AM, General News


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

Jack in the Box Inc. (NASDAQ: JACK) yesterday reported financial results for the first quarter ended January 20, 2019.

The company completed the sale of Qdoba Restaurant Corporation ("Qdoba") on March 21, 2018. Qdoba results are included in discontinued operations for all periods presented.

Earnings from continuing operations were $31.1 million, or $1.19 per diluted share, for the first quarter of fiscal 2019 compared with $12.9 million, or $0.43 per diluted share, for the first quarter of fiscal 2018.

Operating Earnings Per Share, a non-GAAP measure, were $1.35 in the first quarter of fiscal 2019 compared with $1.23 in the prior year quarter ....

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Feb 22 9:56 AM, General News


Hormel Foods Reports First Quarter Results And Reaffirms Fiscal 2019 Guidance

Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the first quarter of fiscal 2019. All comparisons are to the first quarter of fiscal 2018 unless otherwise noted.

Executive Summary

  • Fiscal 2019 earnings guidance reaffirmed at $1.77 to $1.91 per share
  • Volume of 1.2 billion lbs., up 1%
  • Net sales of $2.4 billion, up 1%
  • Pre-tax earnings of $307 million, up 1%
  • Diluted earnings per share of $0.44, down $0.12 per share due to the impact of tax reform in 2018
  • Effective tax rate of 21.3% compared to 0.6% last year ...
Full Story »
Feb 21 12:38 PM, General News


Dine Brands Global, Inc. Reports Strong Fourth Quarter and Fiscal 2018 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 fourth quarter and fiscal 2018.

“Dine Brand’s strong performance in the fourth quarter and throughout 2018 is the result of a clear strategic vision and unwavering commitment to sustainable growth. Both Applebee’s and IHOP have outperformed their respective categories by delivering on comprehensive efforts to drive their businesses and delight guests. The momentum we are seeing is bolstered by meaningful improvements in the in-restaurant experience, ongoing investment in guest-facing technologies, breakthrough marketing and further extending our off-premise platforms for both brands. I am very proud of the Dine teams, our franchisees and ...

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Feb 21 12:25 PM, General News


Domino's Pizza Announces Fourth Quarter and Fiscal 2018 Financial Results

Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world based on global retail sales, announced results for the fourth quarter and fiscal 2018, comprised of strong growth in global retail sales and earnings per share. Global retail sales increased 6.5% in the fourth quarter, or 9.5% without the negative impact of changes in foreign currency exchange rates. U.S. same store sales grew 5.6% during the quarter versus the year-ago period, and 6.6% for the full year, 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 2.4% during the quarter and 3.5% for the full year. The fourth quarter marked the 100th consecutive quarter of international same store sales growth and the 31st consecutive quarter of U.S. same store sales growth.

The Company had fourth quarter global net store growth of 560 stores, comprised of 125 net new U.S. stores and 435 net new international stores. In fiscal 2018, the Company opened 1,058 net new stores, comprised of 258 net new U.S. stores and ... 

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Feb 21 11:08 AM, General News


The Wendy's Company Reports Preliminary 2018 Results; Announces 2019 Outlook And New 2020 Goals

The Wendy's Company (NASDAQ: WEN) today reported preliminary unaudited results for the fourth quarter and fiscal year ended December 30, 2018. The Company plans to release its audited financial results on or before February 27, 2019.

"We are proud of the progress we made in 2018 to strengthen our brand by ensuring more customers enjoy Wendy's® more often including expanding our number of restaurants, reimaging existing restaurants, and executing a well-balanced marketing approach that strives to drive profitable growth for our franchisees," President and Chief Executive Officer Todd Penegor said. "Our resilient business model generated significantly higher cash ...

Full Story »
Feb 21 8:27 AM, General News


Pilgrim's Pride Highlights Chicken, Prepared Foods as Areas for Growth

“In the U.S. we endured a very challenging environment in commodity chicken, slower than expected recovery from weather disruptions at some complexes, partially offset by an improvement in operating results from Prepared Foods. In Europe we improved the performance through expected synergies but were impacted by higher feed inputs as a result of a drought that will be passed to our prices in coming quarters. Our Mexican operations produced a very strong first half, a weaker than seasonal Q3, followed by a rebound in Q4. The diversity of our portfolio of bird sizes, geographical market exposure, our culture and our people, are what fundamentally differentiate us from the competition, giving us the potential to reduce volatility and generate higher margins over time, and the results for 2018 represented the power of that strategy. As we begin 2019, conditions in the U.S. commodity markets including exports are already recovering, supporting OECD-FAO data that over the longer term chicken as a protein will continue to outperform in terms of growth potential globally...

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Feb 14 8:59 AM, General News


US Foods Reports Fourth Quarter and Fiscal Year 2018 Earnings 

US Foods Holding Corp. (NYSE: USFD),one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2018.

Fourth Quarter Fiscal 2018 Highlights

  • Total case volume decreased 0.8%; independent restaurant case volume increased 3.9%
  • Net sales increased 0.8% to $6.0 billion
  • Gross profit of $1.1 billion increased 1.6%
  • Income before income taxes decreased $5 million to $132 million
  • Net income decreased $156 million to $100 million ...
Full Story »
Feb 12 8:35 AM, General News


Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2018 Results

Restaurant Brands International Inc. (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the full year and fourth quarter ended December 31, 2018.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "I am pleased to report that our business continued to deliver strong system-wide sales growth in 2018, driven by acceleration of net restaurant growth at Burger King and Popeyes and improved momentum in comparable sales at Tim Hortons through our 'Winning Together' plan. We have demonstrated our increased focus on technology and made notable progress against many of our initiatives including delivery, kiosks, and mobile app development. Throughout the year, we continued to maintain a balanced approach to capital allocation through our increased dividend, share repurchases, and reinvestment in our brands, illustrating our confidence in ...

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Feb 12 8:15 AM, General News


Chipotle Announces Improved Fourth Quarter 2018 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) has reported financial results for its fourth quarter and year ended December 31, 2018.

Revenue for the quarter was $1.2 billion, an increase of 10.4% from the fourth quarter of 2017. The increase in revenue was driven by a 6.1% increase in comparable restaurant sales and new restaurant openings. Comparable restaurant sales improved primarily as a result of an increase in average check which includes a 3.3% benefit from menu price increases. Comparable restaurant sales also improved due to a 2% increase in comparable restaurant transactions.

We opened 40 new restaurants during the quarter and closed or relocated 12, bringing the total restaurant count to 2,491.

Food, beverage and packaging costs were 33.2% of revenue, a decrease of 100 basis points compared to the fourth quarter of 2017. The decrease was primarily due to the benefit of menu price increases taken in late 2017 and early 2018 and to a lesser extent favorable avocado pricing, partially offset by increased freight expenses and...

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Feb 8 8:12 AM, General News


Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2019 Results

Performance Food Group Company  today announced its second-quarter and first-half fiscal 2019 business results.

“Our second quarter results were strong driven by Vistar’s robust top-line results,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “Vistar is having an outstanding year and grew its EBITDA by over 30% in the second quarter. We are also pleased to have experienced sequential improvement in our Foodservice segment as our strategic investments continue to be on track to support our long-term growth objectives. We are on track for another year of strong growth across our Company...

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Feb 7 9:58 AM, General News


Grubhub Reports Record Fourth Quarter And Full Year 2018 Results

Grubhub Inc. (NYSE: GRUB), the nation's leading online and mobile food-ordering and delivery marketplace, today announced financial results for the fourth quarter ended Dec. 31, 2018. The Company posted revenues of $288 million, which is a 40% year-over-year increase from $205 million in the fourth quarter of 2017. Gross Food Sales grew 21% year-over-year to $1.4 billion, up from $1.1 billion in the same period last year.

"2018 was a transformational year for Grubhub. We made great progress connecting hungry takeout diners with the restaurants they want, further positioning ourselves to continue to ...

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Feb 7 9:20 AM, General News


Nathan's Famous, Inc. Reports Third Quarter Results

Nathan's Famous, Inc. (NASDAQ: NATH) today reported results for the third quarter of its 2019 fiscal year that ended December 23, 2018.

For the fiscal quarter ended December 23, 2018:

  • Revenues were $20,222,000, as compared to $22,021,000 during the thirteen weeks ended December 24, 2017;
  • Adjusted EBITDA, as subsequently defined, was $16,306,000, as compared to $5,855,000 for the thirteen weeks ended December 24, 2017;
  • Income before provision for income taxes was $13,349,000, as compared to a loss before benefit for income taxes of $7,086,000 for the thirteen weeks ended December 24, 2017;
  • Net income was $9,722,000, as compared to a net loss of $3,779,000 for the thirteen weeks ended December 24, 2017;
  • Earnings per diluted share were $2.30 per share, as compared to a loss per diluted share of ...
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Feb 5 8:45 AM, General News


Papa John’s Announces Strategic Investment from Starboard and Appointment of Three New Directors

Papa John’s International, Inc. (NASDAQ: PZZA) today announced that it has entered into a securities purchase agreement with Starboard Value LP pursuant to which Starboard is making a $200 million strategic investment in the Company with the option to make an additional $50 million investment through March 29, 2019, as described below.

In connection with the investment, the Papa John’s Board of Directors is expanding to include two new independent directors, including Jeffrey C. Smith, Chief Executive Officer of Starboard, who has been appointed Chairman of the Papa John’s Board, and Anthony M. Sanfilippo, former Chairman and Chief Executive Officer of Pinnacle Entertainment, Inc. These directors bring substantial experience in the restaurant, retail and hospitality industries, with skill sets spanning operational turnarounds, corporate finance and corporate governance. Their expertise and new perspectives will help support ...

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Feb 4 9:35 AM, General News


Sysco Reports Second Quarter Fiscal 2019 Results

The Company delivered results in line with expectations

Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week second fiscal quarter ended December 29, 2018.

Second Quarter Fiscal 2019 Highlights

  • Sales increased 2.5% to $14.8 billion
  • Gross profit increased 2.7% to $2.8 billion; gross margin increased 4 basis points
  • Operating income decreased 14.5% to $451.9 million; adjusted¹ operating income increased 4.8% to $603.3 million
  • EPS decreased $0.03 to $0.51; adjusted¹ EPS decreased $0.03 to $0.75

First Half Fiscal 2019 Highlights

  • Sales increased 3.2% to $30.0 billion ...
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Feb 4 8:59 AM, General News


Amazon.com Announces Fourth Quarter Sales up 20% to $72.4 Billion

Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2018.

Operating cash flow increased 67% to $30.7 billion for the trailing twelve months, compared with $18.4 billion for the trailing twelve months ended December 31, 2017. Free cash flow increased to $19.4 billion for the trailing twelve months, compared with $8.3 billion for the trailing twelve months ended December 31, 2017. Free cash flow less lease principal repayments increased to $11.6 billion for the trailing twelve months, compared with $3.3 billion for the trailing twelve months ended December 31, 2017. Free cash flow less finance lease principal repayments and assets acquired under capital leases increased to ...

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Feb 1 9:45 AM, General News


Brinker International Reports Second Quarter Results

Brinker International, Inc. (NYSE: EAT) today announced results for the fiscal second quarter ended December 26, 2018.

"Brinker delivered our fifth consecutive quarter of sequential sales improvement, posting positive sales and industry leading traffic," said Wyman Roberts, Chief Executive Officer and President. "Our sustained momentum is being driven by several key factors including operational execution, takeout, and value."

Highlights include the following...

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Jan 31 10:00 AM, General News


Menu Price Increases Help Boost McDonald's Q4 Sales Up 2.3% in U.S.

McDonald's Corporation today announced results for the fourth quarter and year ended December 31, 2018.

"Our performance in 2018 was strong, driven by the Velocity Growth Plan with broad-based momentum across each of our global segments. We continued to transform our business by making substantial progress on modernising our restaurants and offering more convenience, choice and value to our customers," said McDonald's President and Chief Executive Officer Steve Easterbrook. "We've now achieved 14 consecutive quarters of positive global comparable sales and our customers rewarded us with more visits in 2018, helping us to achieve two consecutive years of global guest count growth for the first time since 2012...

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Jan 30 10:34 AM, General News


Starbucks Reports Q1 Fiscal 2019 Results

Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 30, 2018. 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 solid operating results in the first quarter, demonstrating continued momentum in our business, as we drive our growth-at-scale agenda with focus and discipline,” said Kevin Johnson, president and ceo. “We are particularly pleased with the sequential improvement in quarterly comparable store transactions in the U.S., underpinned by our digital initiatives and improved execution of our in-store experience. With this solid start to the fiscal year, we are on track to deliver on our full-year commitments ...

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Jan 25 8:58 AM, General News


Ahold Delhaize Reports Strong Sales Growth in the Fourth Quarter

Following the introduction of our Leading Together strategy at our Capital Markets Day in November, Ahold Delhaize today announced consolidated net sales of €16.5 billion for the fourth quarter of 2018, an increase of 3.0% at constant exchange rates compared to the fourth quarter of last year.

Overall the business delivered another strong sales performance in the fourth quarter and for the full year 2018. For the full year, net sales reached €62.8 billion, up 2.5% at constant exchange rates.

Sales performance in the United States continued to show good momentum with 2.7% comparable sales growth excluding gasoline in the fourth quarter, including a slightly favorable weather impact. In our markets we saw a lower level of inflation compared to the previous quarter. Online sales growth accelerated to ...

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Jan 24 10:17 AM, General News


Albertsons Companies, Inc. Reports Third Quarter Results

Albertsons Companies, Inc. (the "Company") today reported results for the third quarter of fiscal 2018, which ended December 1, 2018.

Third Quarter of Fiscal 2018 Highlights and Update on Fiscal 2018 Outlook

  • Identical sales increased 1.9%
  • Adjusted EBITDA increased over 50%
  • eCommerce sales growth of 73%
  • Own Brands sales penetration increased to an all-time high of 25.2%
  • Completed refinancing and $1 billion paydown of our term loan facility
  • Fiscal 2018 Adjusted EBITDA updated to be in the range of...
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Jan 14 2:43 PM, General News


Del Taco Restaurants, Inc. Announces Preliminary Unaudited Fiscal Fourth Quarter 2018 Sales Results 

Del Taco Restaurants, Inc., (NASDAQ: TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today announced preliminary unaudited fiscal fourth quarter 2018 sales results for the period ending January 1, 2019 ahead of management’s presentation and webcast at the ICR Conference at 10:00 am ET this morning. Del Taco also provided updated guidance for fiscal year 2018 as well as initial guidance for fiscal year 2019.

Fiscal Fourth Quarter 2018 Highlights

  • System-wide comparable restaurant sales grew 1.9%, marking the 21st consecutive quarter of gains;
  • Company-operated comparable restaurant sales grew 1.0%, marking the 26th consecutive quarter of gains. Company-operated comparable restaurant sales growth was comprised of average check growth of 4.9%, including ...
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Jan 14 11:30 AM, General News


Cal-Maine Foods Reports Second Quarter Fiscal 2019 Results

Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the second quarter (thirteen weeks) ended December 1, 2018.

Net sales for the second quarter of fiscal 2019 were $356.0 million, a 1.4 percent decrease, compared to $361.2 million for the second quarter of fiscal 2018. The Company reported net income of $21.8 million, or $0.45 per basic and diluted share, for the second quarter of fiscal 2019, compared to a loss of $26.1 million, or $0.54 per basic and diluted share, for the second quarter of fiscal 2018. Results for the second quarters of fiscal 2019 and 2018 include charges for certain legal settlements of $1.7 million and $52.8 million ...

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Jan 4 9:32 AM, General News


Cargill Reports Fiscal 2019 Second-Quarter Results

Cargill performs reliably in a dynamic, uncertain environment

Cargill today reported results for the fiscal 2019 second quarter and first half ended Nov. 30, 2018. Key measures include:

  • Adjusted operating earnings were $853 million, down 10 percent from the $948 million earned in last year’s strong comparative period. This brought first-half earnings to $1.74 billion, a 5 percent decrease from the prior year.
  • Net earnings on a U.S. GAAP basis for the quarter were $741 million, a 20 percent decline from $924 million in the year-ago period. For the half, net earnings dipped 7 percent to $1.76 billion.
  • Second-quarter revenues decreased 4 percent to ...
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Jan 3 9:02 AM, General News


Sanderson Farms, Inc. Reports Results for Fourth Quarter and Fiscal 2018

Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the fourth quarter and fiscal year ended October 31, 2018.

Net sales for the fourth quarter of fiscal 2018 were $798.1 million compared with $919.9 million for the same period a year ago. For the quarter, the Company reported a net loss of $43.2 million, or $1.95 per share, compared with net income of $72.9 million, or $3.20 per share, for the fourth quarter of fiscal 2017.

Net sales for fiscal 2018 were $3.236 billion compared with $3.342 billion for fiscal 2017. Net income for the fiscal year totaled $61.4 million, or $2.70 per share, compared with ...

 

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Dec 21 10:01 AM, General News


Ingles Markets Incorporated Reports Record Sales and Net Income for Fiscal 2018 

Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported total sales of $4.09 billion for fiscal year 2018 compared with $4.00 billion in fiscal year 2017. For the fiscal years ended September 2018 and 2017, net income totaled $97.4 million in 2018 compared with $53.9 million in 2017. Fiscal year 2018 net income was positively impacted by the passage of the Tax Cuts and Jobs Act of 2017 (Tax Act).

Total sales for the 13 week fourth quarter of fiscal 2018 were $1.06 billion compared with $1.09 billion for the 14 week fourth quarter of fiscal 2017. Net income for the fourth quarter of fiscal 2018 totaled $18.4 million compared with net income of $19.4 million for the fourth quarter of fiscal 2017 ...

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Dec 10 12:37 PM, General News


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

Net Sales Increased 16.7% to $2.87 Billion
Provides Fiscal 2019 Guidance Inclusive of SUPERVALU

United Natural Foods, Inc. (Nasdaq: UNFI) (the "Company" or "UNFI") today reported financial results for the first quarter of fiscal 2019 ended October 27, 2018.

"We closed on the previously announced purchase of SUPERVALU which will accelerate UNFI's transformation of food distribution throughout North America," said Steven L. Spinner, Chairman and Chief Executive Officer. "The integration of the two companies is well underway and we continue to be excited about the long-term creation of value for our shareholders we expect to deliver with this combination."

First Quarter Fiscal 2019 Summary

Gross margin for the first quarter of fiscal 2019 was 14.38% of net sales and included a $1.8 million, or 0.06% of net sales, inventory fair value adjustment charge related to the acquisition of SUPERVALU. When adjusted for this charge ...

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Dec 10 9:20 AM, General News


Kroger Reports Third Quarter 2018 Results

The Kroger Co. (NYSE: KR) today reported GAAP net earnings of $317 million, or $0.39 per diluted share, in the third quarter of 2018, which ended on November 10. Kroger's third quarter adjusted operating net earnings were $394 million, or $0.48 per diluted share (see table 6, 2018 Third Quarter Adjustment Item). The 2018 third quarter adjustment item relates to the change in the market value of Kroger's investment in Ocado securities. GAAP net earnings for the third quarter 2017 were $397 million, or $0.44 per diluted share. Kroger reported identical sales growth, without fuel, of 1.6% for the third quarter of 2018.

For the first three quarters of 2018, Kroger's... 

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Dec 6 9:07 AM, General News


Cracker Barrel Reports First Quarter Fiscal 2019 Results and Declares Quarterly Dividend 

Company reports positive comparable store restaurant and retail sales

Board declares quarterly dividend of $1.25 per share

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the first quarter ended November 2, 2018.

First Quarter Fiscal 2019 Highlights

  • Earnings per diluted share were $1.96, a 2.1% increase compared to $1.92 in the prior year first quarter.
  • Compared to the prior year, comparable restaurant sales increased 1.4% and comparable retail sales increased 4.3%.
  • The Company's Board of Directors declared a quarterly dividend of $1.25 per share on the Company's common stock, payable on February 5, 2019 to shareholders of record on January 18, 2019...
Full Story »
Nov 29 9:57 AM, General News


Hormel Foods Reports Record Fourth Quarter And Fiscal 2018 Earnings; Provides Fiscal 2019 Outlook

The company announces a 12% dividend increase; its 53rd consecutive annual increase.

Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the fourth quarter of fiscal 2018. All comparisons are to the fourth quarter of fiscal 2017 unless otherwise noted.

Executive Summary – Fiscal 2018

  • Record diluted earnings per share of $1.86, up 18% from 2017 EPS of $1.57
  • Excluding a non-cash impairment, adjusted diluted earnings per share1 of $1.89, up 20%
  • Record cash flow from operations...

 

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Nov 20 9:12 AM, General News


The Wendy's Company Reports Third Quarter 2018 Results

The Wendy's Company (NASDAQ: WEN) today reported unaudited results for the third quarter ended September 30, 2018.

"We are proud of the progress we continue to make, ensuring more customers enjoy Wendy's® more often by expanding our number of restaurants, reimaging existing restaurants, and executing a well-balanced marketing approach that strengthens our brand," President and Chief Executive Officer Todd Penegor said. "Our third quarter results demonstrate Wendy's ability to maintain strong performance on the bottom line despite a challenging sales environment, and are a clear testament to our resilient business model. Our relentless focus on executing every element of The Wendy's Way by providing food our customers love, friendly service, value, and an inviting atmosphere will position us to win and drive profitable growth in the future...

Full Story »
Nov 9 9:13 AM, General News


Twin Peaks Leads the Industry in Sales and Traffic for the Third Quarter

Twin Peaks is having an exceptional year. The ultimate sports lodge continues to top the casual dining sector in sales and traffic.

With a 6% increase in third quarter comparable same store sales and an almost 3% climb in comparable same store traffic, Twin Peaks is showing no signs of slowing down. In fact, Knapp-Track, a respected barometer of restaurant performance, ranked Twin Peaks number one in the casual dining sector for September.

“We are outperforming an already strong restaurant industry report, which is an exciting accomplishment for our entire team,” said Joe Hummel, Chief Executive Officer of Twin Peaks. “To stay at the top of the leader board, we are doubling down our efforts to provide exceptional customer experiences and phenomenal menu options, every time. We are proud of our local events, beverage offerings and elevated sports experiences.”

Twin Peaks is also accelerating development with new restaurant openings and...

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Nov 9 8:57 AM, General News


Red Robin Gourmet Burgers Reports Results for the Fiscal Third Quarter Ended October 7, 2018

Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB), 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 7, 2018.

Third Quarter 2018 Financial Highlights Compared to Third Quarter 2017

  • GAAP earnings per diluted share were $0.13 compared to $0.21;
  • Adjusted earnings per diluted share were $0.16 compared to $0.21 (see Schedule I);
  • Total revenues were $294.9 million, a decrease of 3.5%;
  • Off-premise sales increased 22.7%, now comprising 10.1% of total food and beverage sales;
  • Comparable restaurant revenue decreased 3.4% (using constant currency rates);
  • Comparable restaurant guest counts decreased 1.9%;
  • Cost of sales as a percentage of revenue remained flat at 23.8%; and
  • Restaurant labor costs as a percentage of restaurant revenue remained flat at 35.3%...
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Nov 8 10:35 AM, General News


Darling Ingredients Inc. Reports Third Quarter 2018 Financial Results

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Darling Ingredients Inc. (NYSE: DAR), a global developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries, today announced financial results for the 2018 third quarter ended September 29, 2018...

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Nov 8 9:04 AM, General News


Papa John's Announces Third Quarter 2018 Results Showing Decrease in Sales

Papa John’s International, Inc. (NASDAQ: PZZA)today announced financial results for the three and nine months ended September 30, 2018.

Highlights

  • Loss per diluted share of ($0.41) and adjusted earnings per diluted share of $0.20 in the third quarter of 2018, excluding the impact of Special items; adjusted earnings per diluted share down 66.7% from the third quarter 2017 of $0.60
  • System-wide North America comparable sales decrease of 9.8%
  • International comparable sales decrease of 3.3%; total international sales increase of 10.0%, driven by unit growth
  • Company completed the refranchising of...
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Nov 7 8:52 AM, General News


Weis Markets Reports Strong Third Quarter Results

Weis Markets Inc. (NYSE:WMK) today reported its third quarter sales increased 1.7 percent to $869.1 million compared to the same period in 2017, while third quarter comparable store sales increased 0.7 percent. During the thirteen-week period ended September 29, 2018, the Company’s net income increased 219.3 percent to $14.2 million compared to $4.4 million in 2017 while third quarter earnings per share increased $0.37 to $0.53 per share.

In the third quarter, the Company’s income before income taxes increased...

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Nov 5 1:37 PM, General News




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