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Hooters Celebrates 40th Anniversary with Strong Same-Store-Sales Performance & Prime Growth Markets
Hooters®, the original American wing joint, celebrates 40 years of restaurant industry success. As an iconic brand with global appeal and 100 percent unaided brand awareness, Hooters enters its 40th year signaling the next era of growth and innovation. Entering its third year of same-store-sales growth, company leadership is honing in on U.S. development with prime territories available across the country. In celebration of the 40th anniversary, Hooters is giving away 40 weeks of free royalties for any new franchisee that signs on for...
Hormel Foods Reports First Quarter Fiscal 2023 Results
Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the first quarter of fiscal 2023. Effective Oct. 31, 2022, the Company transitioned to three operating segments – Retail, Foodservice and International. The Company provided recast financial information for fiscal years 2021 and 2022 via a Form 8-K filed with the U.S. Securities and Exchange Commission on Feb. 28, 2023. All comparisons are to the first quarter of fiscal 2022 unless otherwise noted.
EXECUTIVE SUMMARY - FIRST QUARTER...
Publix Reports Fourth Quarter and Annual Results for 2022
Publix’s sales for the three months ended Dec. 31, 2022, a 14‑week quarter, were $15.3 billion, a 22% increase from $12.6 billion in 2021, a 13‑week quarter. The additional week in the fourth quarter of 2022 increased sales by 8.1%. Comparable store sales for the three months ended Dec. 31, 2022 increased 12.4%.
Net earnings for the three months ended Dec. 31, 2022 were $1.3 billion, compared to $1.1 billion in 2021, an increase of 21.6%...
Dine Brands Global, Inc. Reports Fourth Quarter and Fiscal 2022 Results
Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee’s Neighborhood Grill & Bar®, IHOP® and Fuzzy’s Taco Shop® restaurants, today announced financial results for the fourth quarter and fiscal 2022.
“The common denominator in the solid quarter and full-year results was the hard work of our entire team, from our franchisees to our creative and agile brand leaders,” said John Peyton, chief executive officer of Dine Brands Global, Inc. “Despite ongoing economic pressures and uncertainties, our...
SpartanNash Announces Fourth Quarter and Fiscal 2022 Results
Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today reported financial results for its 12-week fourth quarter and 52-week fiscal year ended December 31, 2022.
Fourth Quarter and Fiscal 2022 Highlights
- Net sales of $2.3 billion for the quarter, increased 10.3% compared to $2.1 billion in the prior year quarter. Net sales of $9.6 billion for the fiscal year, increased 8.0% compared to $8.9 billion in the prior fiscal year.
- Retail comparable sales increased 9.1% for the quarter and 7.7% for the fiscal year...
Wingstop Inc. Reports Fiscal Fourth Quarter and Full Year 2022 Financial Results
Wingstop Inc. (NASDAQ: WING) today announced financial results for the fiscal fourth quarter and fiscal year ended December 31, 2022, periods that benefited from a 53rd week as compared to fiscal 2021.
Highlights for the fiscal fourth quarter 2022 compared to the fiscal fourth quarter 2021:
- System-wide sales increased 28.9% to $775.7 million- 61 net new openings in the fiscal fourth quarter 2022- Domestic same store sales increased 8.7%- Domestic restaurant AUV of $1.6 million...
Texas Roadhouse, Inc. Announces Fourth Quarter 2022 Results
Texas Roadhouse, Inc. (NasdaqGS: TXRH), today announced financial results for the 13 and 52 weeks ended December 27, 2022.
Financial results for the 13 and 52 weeks ended December 27, 2022 and December 28, 2021 were as follows:
Results for the fourth quarter, as compared to the prior year as applicable, included the following:
- Comparable restaurant sales increased 7.3% at company restaurants and increased 7.2% at domestic franchise restaurants;- Average weekly sales at company restaurants were $130,176 of which 12.6% were to-go sales as compared to average weekly...
Shake Shack Announces Fourth Quarter and Fiscal Year 2022 Financial Results
Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) has posted its results for the fourth quarter and the fiscal year ended December 28, 2022 in a Shareholder Letter in the Quarterly Results section of the Company's Investor Relations website, which can be found here: Q4 2022 Shareholder Letter.
Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Randy Garutti, Chief Executive Officer, and Katherine Fogertey, Chief Financial Officer. The conference call can be accessed...
Pilgrim’s Pride Reports Fourth Quarter and Year-End 2022 Results
Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its fourth quarter and year-end 2022 financial results.
- Net Sales of $17.5 billion, up 18.2% from prior year.- Consolidated GAAP Operating Income margin of 6.7% with GAAP operating income margins of 10.2% in U.S., 4.5% in Mexico, and break-even in Europe.- Adjusted EBITDA of $1.6 billion, or an 9.4% margin, 27.9% higher than prior year.- Sales and Adjusted EBITDA growth despite historically high market volatility and significant inflationary headwinds throughout...
Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2023 Results
Performance Food Group Company (“PFG” or the “Company”) (NYSE: PFGC) today announced its second quarter and first half fiscal 2023 business results.
“Our momentum continued into the fiscal second quarter, with another period of strong sales and profit results for our company,” said George Holm, PFG’s Chairman & Chief Executive Officer. “Our Foodservice segment produced organic independent restaurant case growth, leading to another quarter of market share gains. Our execution across all business segments, along with positive mix shift, led to margin expansion and strong cash flow generation...
Sysco Reports Second Quarter Results
Sysco Corporation (NYSE: SYY) (“Sysco” or the “company”) today announced financial results for its 13-week second fiscal quarter ended December 31, 2022.
Key financial results for the second quarter of fiscal year 2023 include:
- Sales increased 13.9% versus the same period in fiscal year 2022;- U.S. Foodservice volume increased 5.2% versus the same period in fiscal year 2022;- Gross profit increased 15.9% to $3.3 billion, as compared to the same period last year;- Operating income increased 44.0% to $640.6 million, and adjusted1 operating income increased to...
The Wendy's Company Reports Preliminary Fourth Quarter and Full Year 2022 Results
The Wendy's Company (Nasdaq: WEN) today reported preliminary, unaudited results for the fourth quarter and fiscal year ended January 1, 2023. The Company plans to release its audited financial statements and file its annual report on Form 10-K on March 1, 2023.
"Our 2022 results highlight the strength and resiliency of the Wendy's® brand as we continued to deliver compelling sales and profit growth," President and Chief Executive Officer Todd Penegor said. "During the year, global same-restaurant sales reached double digits on a two-year...
BurgerFi Provides Fiscal Year 2022 Business Update
BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”), today reported preliminary sales results for the year ended January 2, 2023. The Company also has introduced its business outlook for fiscal year 2023.
Ophir Sternberg, Executive Chairman of BurgerFi, stated, “2022 was a transformative year for the company
Conagra Brands Reports Second Quarter Results
Today Conagra Brands, Inc. (NYSE: CAG) reported results for the second quarter of fiscal year 2023, which ended on November 27, 2022. All comparisons are against the prior-year fiscal period, unless otherwise noted.
- Second quarter net sales increased 8.3%; organic net sales increased 8.6%
- Operating margin increased 320 basis points in the quarter to 16.6%; adjusted operating margin increased 237 basis points to 17.0%
- Diluted earnings per share (EPS) for the second quarter increased 38.6% to $0.79, and adjusted EPS increased 26.6% to $0.81...
Alternative Protein Maker All Y'alls Foods Hits Highest Sales Month of 2022 on Amazon
All Y'alls Foods, a mission-driven plant-based proteins maker of It's Jerky Y'all (3 SKUs: Black Pepper & Sea Salt, Prickly Pear Teriyaki, and Prickly Pear Chipotle) and It's Big Crunchy Bacony Bits Y'all, continues to grow with their most robust month of Amazon sales – exceeding last year's sales by 100%.
Taking a Piece of the Plant-based Pie
With 62% of U.S. households now choosing plant-based products, All Y'alls Foods are taking their share of the plant-based market – especially on Amazon by doubling...
Cracker Barrel Reports First Quarter Fiscal 2023 Results
Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") today reported its financial results for the first quarter of fiscal 2023 ended October 28, 2022.
First Quarter Fiscal 2023 Highlights
Hormel Foods Reports Record Sales and Double-Digit Earnings Growth in Fiscal 2022
Hormel Foods Corporation, a Fortune 500 leading global branded food company, today reported results for the fourth quarter of fiscal 2022. The fourth quarter and full year of 2022 reflect one fewer week compared to the prior year. All comparisons are to the fourth quarter of fiscal 2021 unless otherwise noted.
EXECUTIVE SUMMARY - FISCAL 2022
Tyson Foods Reports Fourth Quarter and Fiscal 2022 Results
Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:
Fiscal 2022 Highlights
Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2022 Financial Results
Grocery Outlet Holding Corp. today announced financial results for the third quarter of fiscal 2022 ended October 1, 2022.
Highlights for the Third Quarter Fiscal 2022 as compared to the Third Quarter Fiscal 2021:
Maple Leaf Foods Reports Third Quarter 2022 Financial Results
Meat Protein delivers top-line growth of 3.8% and Adjusted EBITDA Margin of 8.5% in the quarter
Plant Protein targeting neutral or better Adjusted EBITDA in the latter half of 2023
Maple Leaf Foods Inc. today reported its financial results for the third quarter ended September 30, 2022.
"We are at an important inflection point in our business, grounded in exceptional underlying strength and opportunity even though this is not immediately obvious in current performance or reflected in our share price," said Michael H. McCain, Chief Executive Officer of Maple Leaf...
Restaurant Brands International Inc. Reports Third Quarter 2022 Results
Consolidated system-wide sales grow 14%, including 12% at Popeyes, 13% at Tim Hortons and 14% at Burger King
Global comparable sales accelerate to 9%, led by 11% growth at Tim Hortons Canada and 15% at Burger King International
Digital sales grow 26% year-over-year to approximately $3.4 billion, representing a third of system-wide sales
RBI continues to return capital through its industry-leading dividend while investing in its brands and reducing net leverage
Restaurant Brands International Inc. today reported financial results for the third quarter ended September...
Yum! Brands Reports Third-Quarter Results
Yum! Brands, Inc. today reported results for the third quarter ended September 30, 2022. Worldwide system sales excluding foreign currency translation grew 7%, with 5% same-store sales growth and 4% unit growth. Third quarter GAAP operating profit grew 4%. Third quarter core operating profit grew 8% including a 3-point headwind from Russia. Third quarter GAAP EPS was $1.14 and third quarter EPS excluding Special Items was $1.09. Our year-over-year EPS excluding Special Items results reflect a $0.23 negative impact from a higher current year...
Sysco Delivers Double-Digit Sales and Profit Growth
Sysco Corporation today announced financial results for its 13-week first fiscal quarter ended October 1, 2022.
Key highlights for the first quarter of fiscal year 2023 include:
“Sysco began the fiscal year generating double-digit top-line and bottom-line growth, as we effectively managed inflation, increased case volume and grew market share. We remain on target to grow over 1.35..."
Pilgrim’s Pride Reports Third Quarter 2022 Results
Pilgrim’s Pride Corporation, one of the world's largest poultry producers, reports its third quarter 2022 financial results.
Third Quarter Highlights
McDonald's Reports Third Quarter 2022 Results
McDonald's Corporation today announced results for the third quarter ended September 30, 2022.
"Our third quarter 2022 performance demonstrated broad-based business momentum as global comparable sales increased nearly 10%. I remain confident in..."
Wingstop Inc. Reports Fiscal Third Quarter Financial Results
Wingstop Inc. today announced financial results for the fiscal third quarter ended September 24, 2022.
Highlights for the fiscal third quarter 2022 compared to the fiscal third quarter 2021:
Albertsons Companies, Inc. Reports Second Quarter Fiscal 2022 Results
Albertsons Companies, Inc. today reported results for the second quarter of fiscal 2022, which ended September 10, 2022.
Second Quarter of Fiscal 2022 Highlights
- Identical sales increased 7.4%- Digital sales increased 36%- Loyalty members increased 16% to 31.8 million- Net income of $343 million, or $0.59 per share- Adjusted net income of $418 million, or $0.72 per share- Adjusted EBITDA of $1,049 million
"Our team continued to deliver strong performance during the second quarter," said Vivek Sankaran, CEO. "Throughout the quarter, we continued to invest in..."
Domino's Pizza® Announces Third Quarter 2022 Financial Results
Global retail sales growth (excluding foreign currency impact) of 4.7%
U.S. same store sales growth of 2.0%
International same store sales decline (excluding foreign currency impact) of 1.8%
Global net store growth of 225
Diluted EPS down 13.9% to $2.79
Domino's Pizza, Inc., the largest pizza company in the world, announced results for the third quarter of 2022. Global retail sales, excluding the negative impact of foreign currency, grew 4.7% in the third quarter of 2022. Without adjusting for the impact of foreign currency, global retail sales declined...
Conagra Brands Reports First Quarter Results
Today Conagra Brands, Inc. reported results for the first quarter of fiscal year 2023, which ended on August 28, 2022. All comparisons are against the prior-year fiscal period, unless otherwise noted.
Highlights- First quarter net sales increased 9.5%; organic net sales increased 9.7%- Operating margin in the quarter was (0.7%); adjusted operating margin was 13.7%- Diluted loss per share for the first quarter was $0.16, and adjusted earnings per share (EPS) was $0.57- First quarter operating margin, net income, and diluted EPS were impacted by non-cash goodwill and intangible asset...
Cracker Barrel Reports Fourth Quarter Fiscal 2022 Results and Provides Fiscal 2023 Outlook
Cracker Barrel Old Country Store, Inc. today reported its financial results for the fourth quarter of fiscal 2022 ended July 29, 2022.
Fourth Quarter Fiscal 2022 Highlights
- The Company reported fourth quarter total revenue of $830.4 million. Compared to the prior year fourth quarter, total revenue increased 5.9%.- Comparable store restaurant sales increased 6.1%, while comparable store retail sales increased 3.0%.
- GAAP operating income for the fourth quarter was $33.0 million, or 4.0% of total revenue, and adjusted1 operating income was $36.2 million, or...
RAVE Restaurant Group, Inc. Reports Fourth Quarter and Year End Financial Results
RAVE Restaurant Group, Inc. today reported financial results for the fourth quarter and fiscal year ended June 26, 2022.
Fourth Quarter Highlights:- The Company recorded net income of $6.8 million for the fourth quarter of fiscal 2022 compared to net income of $0.9 million for the same period of the prior year.- Income before taxes was $1.1 million for the fourth quarter of fiscal 2022 compared to net income before taxes of $0.9 million for the same period of the prior year...
Kroger Reports Second Quarter 2022 Results and Raises Full-Year Guidance
Second Quarter Highlights:
- Identical Sales without fuel increased 5.8%- Operating Profit of $954 million; Adjusted FIFO Operating Profit of $1,110 million- EPS of $1.00; Adjusted EPS of $0.90- Company is executing its go-to-market strategy to deliver value for customers - Our Brands identical sales increased 10.2% - Digital sales grew 8% - Accelerated our Fresh Produce Initiative with 864 stores now certified, driving higher identical sales
The Kroger Co. (NYSE: KR) today reported its second quarter 2022 results and will update...
Restaurant365 Data Reveals Increase in 2022 Mid-Year Sales
Restaurant365, the leading all-in-one restaurant enterprise management software, reported that demand remained strong for restaurants in the second quarter of 2022, citing a 12% increase in its customers' sales from Q1 to Q2, despite the challenges of inflation and rising food costs.
"As economists discuss a potential economic slowdown, restaurants may not yet feel impacted because their sales continue to grow," stated Tony Smith, CEO and co-founder of Restaurant365. "A decline is still a very real possibility, so now is the best time for restaurants to take action..."
Kraft Heinz Affirms Full Year 2022 Guidance, Reduces Leverage Target and Details Long-term Algorithm
The Kraft Heinz Company will today affirm its full year 2022 guidance, announce a reduced leverage target and outline additional details on its long-term algorithm, as executives participate in the 2022 Barclays Global Consumer Staples Conference. Miguel Patricio, Chief Executive Officer and Chair of the Board of Directors; Andre Maciel, EVP and Global Chief Financial Officer; and Carlos Abrams-Rivera, EVP and President, North America Zone, will share their perspectives as part of a discussion about the ongoing Kraft Heinz transformation and plans to...
Steakholder Foods™ Reports Financial Results for Q2 2022 and Provides Business Update
Steakholder Foods, formerly MeaTech 3D Ltd., an international deep-tech food company at the forefront of the cultured meat industry, today released its financial results for Q2 2022 and provided a business update.
Steakholder Foods is developing high quality beef, chicken, pork, and seafood products made from animal cells rather than farm-raised animals — as whole cuts, ground and raw materials — that are safer and with significantly less impact than conventional meat.
Q2 2022 Financial Results Summary
- Research and development expenses totaled...
Nomad Foods Reports Second Quarter 2022 Financial Results
Nomad Foods Limited, today reported financial results for the three and six month periods ended June 30, 2022. Key operating highlights and financial performance for the second quarter 2022, when compared to the second quarter 2021, include:
- Reported revenue increased 17.0% to €697 million- Organic revenue decline of 3.2%- Reported Profit for the period of €75 million- Adjusted EBITDA increased 2.9% to €127 million- Adjusted EPS remained unchanged at €0.40
Management CommentsStéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated...
Ahold Delhaize Delivers Resilient Performance in Q2 2022
- With high levels of inflation, our brands are focused on helping customers efficiently manage their spending. Driven by our €850 million Save For Our Customers cost savings program, our brands are absorbing cost increases for customers, introducing more entry-priced products, expanding high-quality own-brand assortments and delivering personalized value through loyalty programs.- Q2 Group net sales increased 6.4% at constant exchange rates to €21.4 billion. At actual exchange rates, net sales grew 15.0%.- Q2 net sales accelerated in both regions compared to Q1, growing 7.7% in the...
Jack in the Box Inc. Reports Third Quarter 2022 Earnings
Jack in the Box Inc. announced financial results for the Jack in the Box and Del Taco segments in the third quarter, ended July 10, 2022.
“I am very encouraged by the commitment shown by our franchisees, operators and corporate team members as we navigate this challenging and complex operating environment. We have remained steadfast in executing our four strategic pillars by focusing on what we can control,” said Darin Harris, Jack in the Box Chief Executive Officer. “Both Jack and Del Taco demonstrated top-line strength, delivering excellent..."
The Wendy's Company Reports Second Quarter 2022 Results
The Wendy's Company today reported unaudited results for the second quarter ended July 3, 2022.
"We are proud of the entire Wendy's® system for delivering a third consecutive quarter of accelerating double digit Global same-restaurant sales on a two-year basis, which exceeded our expectations," President and Chief Executive Officer Todd Penegor said. "This momentum contributed to a significant sequential Company-operated restaurant margin expansion, highlighting the strength of the underlying business and our brand as well as our commitment to the restaurant economic model in a challenging environment..."
Sysco Delivers Over 1.3 Times U.S. Market Share Growth and Strong Profit
Sysco Corporation today announced financial results for its 13-week fourth fiscal quarter and its 52-week fiscal year ended July 2, 2022. In fiscal year 2021, the fourth quarter included 14 weeks, and the year included 53 weeks.
Key highlights for the fourth quarter and full year of fiscal year 2022 include:
- Sysco growth outpaced the U.S. market by more than 1.3 times for the full year;- Recipe For Growth advanced as planned;- Volume growth for the quarter and year;- Effective pass-through of rising product costs...
Restaurant Brands International Inc. Reports Second Quarter 2022 Results
Restaurant Brands International Inc. today reported financial results for the second quarter ended June 30, 2022.
"We made significant progress across our business in the second quarter, accelerating consolidated comparable sales to 9% and driving 14% growth in global system-wide sales. These results reflect benefits from our dedicated investments in key areas of the business, including people, technology, operations and marketing," said José Cil, Chief Executive Officer of RBI.
"The team at Tim Hortons Canada delivered exceptional results this quarter, aided by investments against our Back to Basics plan and..."
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