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Cal-Maine Foods Reports Third Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. reported results for the third quarter of fiscal 2021 (thirteen weeks) and thirty-nine-week period ended February 27, 2021.

Net sales for the third quarter of fiscal 2021 were $359.1 million, a 3.9 percent increase compared to $345.6 million for the third quarter of fiscal 2020. The Company reported net income of $13.5 million, or $0.28 per basic and diluted share, for the third quarter of fiscal 2021, compared to net income of $13.7 million, or $0.28 per basic and diluted share, for the third quarter of fiscal 2020.

For the thirty-nine weeks ended February 27, 2021, net sales were $999.2 million, an 11.2 percent increase compared with $898.3 million for the prior-year period. The Company reported net income of...

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Mar 30 8:24 AM, General News



General Mills Reports Fiscal 2021 Third-Quarter Results

General Mills reported results for the third quarter ended February 28, 2021.

“We continued to execute well and delivered profitable growth in the third quarter,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “We’ve made good progress on our fiscal 2021 priorities, including competing effectively, fueling investment in our brands and capabilities, and reducing our leverage. With our balance sheet in a strong position, we have resumed share repurchase activity in the fourth quarter. We’re continuing to advance our Accelerate strategy, including yesterday’s announcement of our proposed divestiture of our European Yoplait business. Looking ahead, we remain focused on strengthening our momentum and emerging from the pandemic a stronger company, even better positioned to drive long-term shareholder value.”

General Mills is executing its Accelerate strategy to drive sustainable, profitable growth and top-tier shareholder returns over the long term. The strategy focuses on four pillars to create...

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Mar 25 9:06 AM, General News


Weis Markets Reports Results For 2020 And Fourth Quarter

Weis Markets reported total sales of over $4.1 billion for the 52-week period ended December 26, 2020, up 16.1 percent compared to the same period a year ago, while annual comparable store sales increased 16.4 percent. Income from operations increased $78.5 million, or 92.8 percent over the same period in 2019 to $163.2 million.

The Company's net income for fiscal year 2020 increased 74.9 percent to $118.9 million compared to $68.0 million in 2019 while earnings per share for the same period increased $1.89 to $4.42 per share.

"The pandemic has been a supreme challenge for our communities and associates who continue to diligently serve our customers," said Jonathan H. Weis, Weis Markets' Chairman and Chief Executive Officer. "As previously noted in our third quarter results release, in-home meal consumption...

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Mar 10 10:12 AM, General News


Del Taco Restaurants Reports Fiscal Fourth Quarter and Fiscal Year 2020 Financial Results

Del Taco Restaurants reported fiscal fourth quarter and fiscal year 2020 financial results for the 16-week and 52-week periods ending December 29, 2020 and provided a business update.

Management Commentary

John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We delivered a solid fourth quarter performance in terms of comparable restaurant sales growth, restaurant contribution margin and adjusted EBITDA performance. Our great food, great value, and great experiences drove overall satisfaction scores to record levels, while the success of our Crispy Chicken menu and seasonal Tamale promotion enabled us to...

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Mar 9 10:06 AM, General News


Ruth’s Hospitality Group Reports Fourth Quarter With a Return to Positive Net Income

Ruth’s Hospitality Group, Inc. provided a business update on the impact of the COVID-19 pandemic and reported unaudited financial results for its fourth quarter and fiscal year ended December 27, 2020.

Business and Liquidity Update:

At the end of the fourth quarter of 2020, 91% (70 of 77) of company-owned and managed restaurants were open, which included 48 restaurants offering limited capacity dining service, three restaurants offering outdoor seating only, and 19 restaurants offering to-go and delivery service only. Beginning in the second half of November, the Company faced an increasing number of local COVID-19 pandemic-related governmental restrictions, including...

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Mar 8 8:26 AM, General News


BJ’s Wholesale Club Holdings Announces Record Fourth Quarter and Fiscal 2020 Results

BJ’s Wholesale Club Holdings, Inc. announced its financial results for the thirteen and fifty-two weeks ended January 30, 2021.

"2020 was a remarkable, transformative and challenging year that structurally changed our business for the better. While the unique circumstances brought on by the pandemic provided tailwinds, our industry-leading results and significant market share gains demonstrate the strength of our execution in these challenging times. We made substantial strategic progress including delivering record membership results, optimizing merchandising, expanding...

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Mar 4 10:12 AM, General News


Kroger Delivers Strong Fourth Quarter and Fiscal Year 2020 Results

The Kroger Co. reported its fourth quarter and fiscal year 2020 results.

Comments from Chairman and CEO Rodney McMullen

"I am incredibly humbled by the strength of our associates and what we continue to accomplish together. Our customers are at the center of everything we do and we will continue to serve them as we have since the beginning of the pandemic, through our leadership in food and as a health partner, providing COVID-19 testing and vaccines.

"Kroger continued to grow market share during the quarter. Our ability to meet our customers' evolving needs is a testament to our deep competitive moats, disciplined investments in our increasingly robust digital capabilities, as well as our associates' relentless focus on our customers. We finished fiscal year 2020 with...

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Mar 4 9:24 AM, General News


Wendy's Reports Fourth Quarter And Full Year 2020 Results

The Wendy's Company reported results for the fourth quarter and fiscal year ended January 3, 2021.

"I could not be more proud of our results and the work that was done by the Wendy's® System across the globe in 2020 with all the challenges we faced and overcame during the year. I am confident that we have emerged as a stronger, more unified brand that is poised to deliver outsized growth" President and Chief Executive Officer Todd Penegor said. "We accomplished a lot in 2020, including securing our position as the #2 QSR hamburger restaurant chain* in the U.S., achieving our two highest quarterly Global same restaurant sales results in over...

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Mar 3 10:29 AM, General News


Shake Shack Announces Fourth Quarter and Fiscal Year 2020 Financial Results

Shake Shack Inc., reported financial results for the fourth quarter and the fiscal year ended December 30, 2020, periods that included 14 and 53 weeks, respectively, as fiscal 2020 contained an additional operating week compared to fiscal 2019.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “As we close the chapter on 2020, I'm so grateful and proud of the way our Shack family has overcome the obstacles that came our way, and led the continued recovery of our business while supporting each other and our communities. With much of the country still under varying degrees of lockdown, we're pleased to report revenue in the fourth quarter of $157.5 million, with same-Shack sales improving to...

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Mar 3 8:27 AM, General News


Publix Reports Fourth Quarter and Annual Results for 2020

The coronavirus pandemic was declared a national emergency on March 13, 2020 and continues to be a challenge. It remains a top priority of Publix to serve the communities in which it operates in a way that protects the health and safety of its associates and customers.

Publix’s sales for the three months ended Dec. 26, 2020 were $11.2 billion, a 14.8% increase from $9.8 billion in 2019. Comparable store sales for the three months ended Dec. 26, 2020 increased...

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Mar 2 9:56 AM, General News


Dine Brands Global Reports Fourth Quarter and Fiscal 2020 Results

Dine Brands Global, Inc., the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, today announced financial results for the fourth quarter and fiscal 2020.

“Dine Brands enters 2021 positioned for improved sales and robust off-premise growth. In the face of the unprecedented environment resulting from the pandemic, our franchisees, team members and restaurant teams rose to the challenge. Operationally, the collective system implemented heightened cleanliness standards to enhance the safety and well-being of our teams and guests, for both dine-in and off-premise occasions. In 2020, Dine moved swiftly to right size our business and brands in response to...

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Mar 2 9:50 AM, General News


Beyond Meat Reports Fourth Quarter and Full Year 2020 Financial Results 

Beyond Meat, Inc., a leader in plant-based meat, reported financial results for its fourth quarter and full year ended December 31, 2020.

Fourth Quarter 2020 Financial Highlights

  • Net revenues were $101.9 million, an increase of 3.5% year-over-year.
  • Gross profit was $25.4 million, or gross margin of 24.9% of net revenues; Adjusted gross profit was $29.1 million, or
  • Adjusted gross margin of 28.5% of net revenues, reflecting...
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Feb 26 8:55 AM, General News


Papa John’s Announces Fourth Quarter and Full Year 2020 Financial Results

Papa John’s International announced financial results for the three months and full year ended December 27, 2020.

“2020 was a transformational year for Papa John’s, as we turned our focus to the future. We were able to deliver industry-leading sales growth and significant profitability by coming together as a system to take care of our team members, customers and communities in one of the most challenging years in history,” said President & CEO Rob Lynch. “Q4 2020 was the third consecutive quarter of...

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Feb 26 8:28 AM, General News


Domino's Pizza Announces Fourth Quarter and Fiscal 2020 Financial Results

Domino's Pizza, Inc. announced results for the fourth quarter and fiscal 2020, comprised of growth in global retail sales, same store sales and earnings per share. Global retail sales increased 21.7% in the fourth quarter, or 20.9% excluding the positive impact of foreign currency. Global retail sales increased 12.5% in fiscal 2020, or 13.2% excluding the negative impact of foreign currency. Global retail sales were benefited in the fourth quarter and fiscal 2020 by the inclusion of an extra, or 53rd week. Global retail sales increased 12.0% in the fourth quarter, excluding the positive impact of foreign currency and the impact of the 53rd week. Global retail sales increased 10.4% in fiscal 2020 excluding the negative impact of foreign currency and the positive impact of the 53rd week.

U.S. same store sales grew 11.2% during the quarter and 11.5% for the full year, continuing the positive sales momentum in the Company's U.S. stores business. The international business also posted...

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Feb 26 8:28 AM, General News


Maple Leaf Foods Reports Fourth Quarter and Full Year 2020 Financial Results

Maple Leaf Foods Inc. reported its financial results for the fourth quarter and full year ended December 31, 2020.

"We began this unprecedented year with raw optimism from our business momentum, only to pivot in reaction to a global crisis," said Michael H. McCain, the Company's President and CEO. "Our people and our strategies were tested and they excelled, demonstrating skill, speed, agility, and clear prioritization of action in protecting our people first while supporting all our stakeholders."

Our fourth quarter capped off a record performance year, with strong top-line gains coupled with solid Adjusted EBITDA Margin expansion. We have repositioned our portfolio towards two high-growth categories now representing 20% of our annual sales generating a compounded growth rate in excess of...

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Feb 25 10:02 AM, General News


Sanderson Farms Reports Results for First Quarter of Fiscal 2021

Sanderson Farms, Inc., reported results for the first quarter of fiscal 2021.

Net sales for the first quarter of fiscal 2021 were $909.3 million compared with $823.1 million for the same period a year ago. The Company reported net income of $9.5 million, or $0.42 per share, for the quarter compared with a net loss of $38.6 million, or $1.76 per share, for the first quarter of fiscal 2020.

“Our results for the first quarter of fiscal 2021 reflect continuing challenges presented by the COVID-19 pandemic and higher feed grain prices, but we ended the quarter on a strong note amidst encouraging end-market trends and remain optimistic about the future,” said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. “While market prices for boneless breast meat produced at our plants that process larger birds for food service customers remained under pressure during the first two months of the quarter, we saw...

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Feb 25 9:52 AM, General News


Cracker Barrel Reports Second Quarter Fiscal 2021 Results

Cracker Barrel Old Country Store, Inc. reported its financial results for the second quarter of fiscal 2021 ended January 29, 2021.

Second Quarter Fiscal 2021 Highlights

  • Dining room service was adversely impacted by the nationwide resurgence of COVID-19 during the quarter, resulting in increased dining room closures and capacity restrictions compared to...
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Feb 23 9:58 AM, General News


Jack in the Box Reports First Quarter FY 2021 Earnings

Jack in the Box Inc., reported financial results for the first quarter ended January 17, 2021.

Jack in the Box® system same-store sales increased 12.5 percent for the quarter. Company same-store sales increased 7.5 percent in the first quarter driven by average check growth of 21.2 percent while transactions decreased 13.7 percent.

Darin Harris, chief executive officer, said, "Our ongoing strategy continues to resonate with our guests with same-store sales significantly outperforming our peers. We saw strong...

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Feb 18 10:19 AM, General News


Blue Apron Reports Fourth Quarter and Full Year 2020 Results

Blue Apron Holdings, Inc. announced financial results for the quarter and full year ended December 31, 2020.

“Fourth quarter operating results exceeded guidance as we grew net revenue year over year by 22% to $115.5 million. The fourth quarter marks the third consecutive quarter of double-digit year over year increase in net revenue and highlights our continued operating momentum,” said Linda Findley Kozlowski, Blue Apron’s President and Chief Executive Officer. “Product innovation remains central to our strategy and initiatives to drive customer attraction and...

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Feb 18 10:08 AM, General News


Hormel Foods Reports First Quarter Results And Provides Full Year Guidance

Hormel Foods Corporation, a leading global branded food company, reported results for the first quarter of fiscal 2021. All comparisons are to the first quarter of fiscal 2020 unless otherwise noted. Operating free cash flow is presented as a non-GAAP metric.

Executive Summary - First Quarter

  • Volume of 1.2 billion lbs., down 1%
  • Record net sales of $2.5 billion, up 3%
  • Pretax earnings of $277 million, down 5%
  • Operating margin of 10.9%, compared to 11.8% last year
  • Effective tax rate of 19.7%, compared to...
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Feb 18 9:51 AM, General News


Wingstop Reports Fiscal Fourth Quarter and Full Year 2020 Financial Results

 

Wingstop announced financial results for the fiscal fourth quarter and fiscal year ended December 26, 2020.

Highlights for the fiscal fourth quarter 2020 compared to the fiscal fourth quarter 2019:

  • System-wide sales increased 26.5% to $502.5 million
  • 59 net new openings in the fiscal fourth quarter 2020
  • Domestic same-store sales increased 18.2%
  • Domestic restaurant AUV increased to approximately...
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Feb 18 8:23 AM, General News


US Foods Reports Fourth Quarter and Fiscal Year 2020 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, announced results for the fourth quarter and full fiscal year 2020. The fourth quarter of fiscal year 2020 included 14 weeks compared to 13 weeks for the fourth quarter of fiscal year 2019, and the full fiscal year 2020 included 53 weeks compared to 52 weeks in the full fiscal year 2019. Certain financial results in this press release have been presented excluding the "extra week" in the fourth quarter and fiscal year 2020 in an effort to provide comparable results on a year-over-year basis. Organic financial results exclude contributions from Smart Foodservice, which was...

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Feb 16 9:55 AM, General News


Restaurant Brands International Reports Full Year and Fourth Quarter 2020 Results

Restaurant Brands International Inc. reported financial results for the full year and fourth quarter ended December 31, 2020.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "We are confident that our efforts in food and beverage quality, restaurant experience, digital leadership and brand building will be beneficial to returning our business to the growth we know we are capable of in all three brands. While we ended 2020 with about the same restaurant count as 2019, we have been working closely with our network of franchisees on...

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Feb 11 9:56 AM, General News


Kraft Heinz Reports Fourth Quarter and Full Year 2020 Results

The Kraft Heinz Company reported financial results for the fourth quarter and full year 2020.

“Our people’s unwavering commitment during this pandemic has been remarkable, and through it, our organization has rediscovered its agility. This has accelerated our transformation and led to the strong performance we are reporting today,” said Kraft Heinz CEO Miguel Patricio. “We set our multi-year transformation plan this time last year. We exceeded that plan in 2020. We are increasingly confident that we will...

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Feb 11 9:50 AM, General News


Tyson Foods Reports First Quarter 2021 Results

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

First Quarter Highlights

  • GAAP EPS of $1.28, down 7% from prior year; Adjusted EPS of $1.94, up 28% from prior year
  • GAAP operating income of $705 million, down...
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Feb 11 9:44 AM, General News


Pilgrim’s Pride Closes Fiscal Year 2020 with Net Sales of $12.1 Billion

Pilgrim’s Pride Corporation reports fourth quarter and year-end 2020 financial results.

2020 Highlights

  • Net GAAP Income of $94.8 million.
  • Adjusted Operating Income margins of 3.6% in U.S. ex legal settlements, 5.5% in Mexico and 3.1% in Europe operations.
  • Adjusted EBITDA of $788.1 million, or a 6.5% margin.
  • Faced with the global Covid-19 pandemic, we remain guided by our principles of an uncompromising commitment to...
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Feb 11 8:35 AM, General News


Hain Celestial Reports Second Quarter Fiscal Year 2021 Financial Results

The Hain Celestial Group, Inc., a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life™, reported financial results for the second quarter ended December 31, 2020. The results contained herein are presented with the Hain Pure Protein and Tilda operating segments being treated as discontinued operations. All growth comparisons are against the corresponding prior year period unless otherwise noted.

Mark L. Schiller, Hain Celestial's President and Chief Executive Officer, commented, "We are very pleased with our second quarter results, delivering mid-single digit topline growth, several hundred basis points of...

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Feb 10 10:50 AM, General News


Aramark Reports First Quarter Earnings

Aramark reported first quarter fiscal 2021 results.

"The resilience of our business through this dynamic period is rooted in the exceptional performance of our people on the front-lines, serving clients—many of which are essential businesses—across the globe," said John Zillmer, Aramark's Chief Executive Officer. "It has been remarkable to watch our team pull together in the face of such adversity, and I am proud of what we have been able to achieve as a result. Our ability to...

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Feb 9 10:19 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 2021 fiscal year that ended December 27, 2020.

For the fiscal quarter ended December 27, 2020:

  • Revenues were $18,030,000, as compared to $21,376,000 during the thirteen weeks ended December 29, 2019;
  • Income from operations was $4,403,000, as compared to $3,863,000 during the thirteen weeks ended December 29, 2019;
  • Adjusted EBITDA1, a non-GAAP financial measure, was $4,818,000, as compared to $4,546,000 for the thirteen weeks ended December 29, 2019;
  • Income before provision for income taxes was $1,851,000, as compared to $1,573,000 for the thirteen weeks ended December 29, 2019...
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Feb 8 8:06 AM, General News


Yum China Reports Fourth Quarter and Full Year 2020 Results

Yum China Holdings, Inc. reported unaudited results for the fourth quarter and year ended December 31, 2020.

Impact of COVID-19 Outbreak and Mitigation Efforts

Fourth quarter operations improved sequentially from the third quarter. The Company's primary focus continues to be safety, efficiency and sales recovery. To counter the pandemic impact, we ran strong value and digital campaigns to drive traffic. Delivery and takeaway remained popular, while dine-in recovered sequentially. Proactive cost structure realignment, productivity improvements and one-off cost savings helped...

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Feb 5 9:25 AM, General News


Grubhub Reports Fourth Quarter And Full Year 2020 Results

Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, today announced financial results for the fourth quarter and full year ended December 31, 2020 and also posted a letter to shareholders on its investor relations website. For the fourth quarter, the Company reported revenues of $504 million, which is a 48% year-over-year increase from $341 million in the same period last year. Gross Food Sales grew 52% year-over-year to $2.4 billion, up from $1.6 billion in the fourth quarter of 2019...

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Feb 4 9:14 AM, General News


Yum! Brands Reports Fourth-Quarter Results

Yum! Brands, Inc. (NYSE: YUM) today reported results for the fourth-quarter and year ended December 31, 2020. Fourth-quarter GAAP EPS was $1.08, a decrease of (32)%. Full-year GAAP EPS was $2.94, a decrease of (29)%. Fourth-quarter EPS excluding Special Items was $1.15, an increase of 15%. Full-year EPS excluding Special Items was $3.62, an increase of 2%.

DAVID GIBBS & CHRIS TURNER COMMENTS

David Gibbs, CEO, said “Yum! enters 2021 a stronger company primed to profitably grow system sales this year and beyond. Despite the challenges of 2020...

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Feb 4 8:53 AM, General News


Performance Food Group Reports Second Quarter and First Half Fiscal 2021 Results

Performance Food Group Company announced its second quarter and first half fiscal 2021 business results.

“I am proud of how our Company has continued to navigate through the current market conditions and distinguish ourselves as leaders in the food distribution industry,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “Despite the new challenges the holiday season brought for our business, our Foodservice segment still delivered a solid quarter while continuing the smooth integration of Reinhart. Looking ahead, I believe PFG is well-positioned to...

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Feb 4 7:26 AM, General News


Chipotle Announces Fourth Quarter And Full Year 2020 Results

Chipotle Mexican Grill, Inc. reported financial results for its fourth quarter and fiscal year ended December 31, 2020.

Fourth quarter highlights, year over year:

  • Total revenue increased 11.6% to $1.6 billion
  • Comparable restaurant sales increased 5.7%
  • Digital sales grew 177.2% and accounted for 49.0% of sales
  • Restaurant level operating margin was 19.5%, an increase of 30 bps
  • Diluted earnings per share was $6.69, which included...
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Feb 3 8:57 AM, General News


Sysco Reports Second Quarter Fiscal 2021 Results

Sysco Corporation announced financial results for its 13-week second fiscal quarter ended December 26, 2020.

Second Quarter Fiscal 2021 Highlights

  • Sales decreased 23.1% to $11.6 billion
  • Gross profit decreased 25.8% to $2.1 billion; gross margin decreased 67 basis points
  • Operating income decreased 61.6% to $212.1 million; adjusted operating...
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Feb 2 9:42 AM, General News


McDonald's Reports Fourth Quarter And Full Year 2020 Results

McDonald's Corporation announced results for the fourth quarter and year ended December 31, 2020.

"2020 will be remembered as one of McDonald's most challenging, yet inspiring, moments in our long history. The resilience of the McDonald's System was on display – making safety and service a priority, putting our customers and people first, and running great restaurants," said McDonald's President and Chief Executive Officer Chris Kempczinski. "Against an uncertain backdrop, we are committed to staying true to our values and our brand purpose to feed and foster communities. By investing for the future and leveraging competitive strengths within...

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Jan 28 10:08 AM, General News


Starbucks Reports Q1 Fiscal 2021 Results

Starbucks Corporation reported financial results for its 13-week fiscal first quarter ended December 27, 2020. GAAP results in fiscal 2021 and fiscal 2020 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“I am very pleased with our start to fiscal 2021, with meaningful, sequential improvements in quarterly financial results despite ongoing business disruption from the pandemic. Investments in our partners, beverage innovation and digital customer relationships continued to fuel our recovery and...

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Jan 28 8:22 AM, General News


Del Taco Restaurants Announces Preliminary Unaudited Fourth Quarter and Fiscal Year 2020 Results

Del Taco Restaurants, Inc., reported preliminary unaudited fiscal fourth quarter and fiscal year 2020 sales results for the 16 and 52 week periods ending December 29, 2020. The Company also provided a liquidity and share repurchase update and announced that its Board of Directors has authorized the initiation of a quarterly cash dividend.

Management Commentary

John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We are very pleased to report a system-wide comparable restaurant sales increase of 3.8% during the fourth quarter consisting of positive results at both company-operated and franchised restaurants. We are proud of our restaurant teams, franchisees and support center staff for...

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Jan 13 8:27 AM, General News


Shake Shack Provides Fourth Quarter 2020 Business Update

Shake Shack Inc. announced preliminary unaudited results for the fiscal fourth quarter and the fiscal year ended December 30, 2020 ahead of presenting at the 23rd Annual ICR Conference.

“We are pleased to see trends in the fourth quarter 2020 continue to improve with Average Weekly Sales of $62,000 compared to $58,000 in the third quarter 2020, and $45,000 in the second quarter 2020. Also in the fourth quarter 2020, Same-Shack sales declined 17.4% compared to...

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Jan 12 10:28 AM, General News


Albertsons Companies Reports Third Quarter Fiscal 2020 Results

Albertsons Companies, Inc. reported results for the third quarter of fiscal 2020, which ended December 5, 2020.

Third Quarter of Fiscal 2020 Highlights

  • Identical sales growth of 12.3%
  • Digital sales growth of 225%
  • Net income per share of...
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Jan 12 10:21 AM, General News


Conagra Brands Reports Strong Second Quarter Results

Conagra Brands, Inc. reported results for the second quarter of fiscal year 2021, which ended on November 29, 2020. All comparisons are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including "Organic net sales," "EBITDA," and certain "adjusted" results, are defined under the section entitled "Definitions." See page 5 for more information.

Highlights

  • Second quarter net sales increased 6.2%, and organic net sales increased 8.1%, with significant growth in each of the
  • Company's three retail segments on both a reported and an organic basis.
  • Total Company operating margin increased 250 basis points to...
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Jan 8 8:28 AM, General News


Cal-Maine Foods Reports Second Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. reported results for the second quarter of fiscal 2021 (thirteen weeks) and twenty-six-week period ended November 28, 2020.

Net sales for the second quarter of fiscal 2021 were $347.3 million, an 11.5 percent increase compared to $311.5 million for the second quarter of fiscal 2020. The Company reported net income of $12.2 million, or $0.25 per basic and diluted share, for the second quarter of fiscal 2021, compared to a net loss of $10.1 million, or...

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Jan 6 8:54 AM, General News


McDonald's to Launch Three New Chicken Sandwiches Next Month

McDonald's is launching three chicken sandwiches beginning February 24, joining long-time sandwich favorites like the Big Mac, Quarter Pounder, Egg McMuffin, and Filet-O-Fish. The new options include a Crispy Chicken Sandwich, Spicy Chicken Sandwich, and the Deluxe Chicken Sandwich.

McDonald's began testing the Crispy Chicken Sandwich in Houston and Knoxville, Tennessee, last year. The sandwich is made of a fried chicken filet served on a potato roll, topped with butter and pickles. The spicy option comes with a spicy pepper sauce, and the deluxe sandwich comes with shredded lettuce, tomatoes, and mayo.

In November, Joe Erlinger, President of McDonald's USA, said a new crispy chicken sandwich would...

 

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Jan 5 8:28 AM, Urner Barry


Darden Restaurants Reports Fiscal 2021 Second Quarter Results

Darden Restaurants, Inc., (NYSE:DRI) today reported its financial results for the second quarter ended November 29, 2020.

Second Quarter 2021 Financial Highlights, Comparisons to Second Quarter Last Year

  • Total sales of $1.66 billion, a decrease of 19.4% driven by negative blended same-restaurant sales of 20.6% and partially offset by the addition of 19 net new restaurants
  • Same-restaurant sales by segment (Thanksgiving Day shifted to the last week of our second fiscal quarter this year from the first week of our third fiscal quarter last year)...
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Dec 18 9:30 AM, General News


Sanderson Farms Reports Results for Fourth Quarter and Fiscal 2020

Sanderson Farms, Inc. reported results for the fourth quarter and fiscal year ended October 31, 2020.

Net sales for the fourth quarter of fiscal 2020 were $940.0 million compared with $906.5 million for the same period a year ago. For the quarter, the Company reported net income of $27.9 million, or $1.26 per share, compared with...

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Dec 17 9:45 AM, General News


United Natural Foods Reports First Quarter Fiscal 2021 Results

United Natural Foods, Inc. reported financial results for the first quarter of fiscal 2021 (13 weeks) ended October 31, 2020.

First Quarter Fiscal 2021 Highlights (comparisons to first quarter fiscal 2020)

  • Net Sales increased 6.0% to $6.67 billion
  • Net loss of $1 million, including $43 million in pre-tax charges and costs
  • Adjusted EBITDA increased...
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Dec 9 9:42 AM, General News


Cracker Barrel Reports First Quarter Fiscal 2021 Results

Cracker Barrel Old Country Store, Inc. reported its financial results for the first quarter of fiscal 2021 ended October 30, 2020.

First Quarter Fiscal 2021 Highlights

  • Comparable store sales improved significantly compared to the fourth quarter, as comparable store restaurant sales decreased 16.4% in the first quarter compared to a decrease of 39.2% in the fourth quarter, and comparable store retail sales declined...
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Dec 3 10:14 AM, General News


Kroger Reports Third Quarter 2020 Results 

The Kroger Co. reported its third quarter 2020 results, provided a Restock Kroger progress update on the three-year transformation plan, and an update to its COVID-19 response.

Comments from Chairman and CEO Rodney McMullen

"Our Kroger family of associates have been nothing short of incredible during the pandemic and they continue to inspire me every day. I am proud of our dedicated associates who continued to...

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Dec 3 10:03 AM, General News


Costco Reports November and First Quarter Fiscal Year 2021 Sales Results

Costco Wholesale Corporation reported net sales of $15.67 billion for the retail month of November, the four weeks ended November 29, 2020, an increase of 15.1 percent from $13.62 billion last year.

For the twelve-week first quarter ended November 22, 2020, the Company reported net sales of $42.35 billion, an increase of 16.9 percent from...

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Dec 3 9:19 AM, General News


Hormel Foods Reports Fourth Quarter and Fiscal 2020 Earnings

Hormel Foods Corporation reported results for the fourth quarter of fiscal 2020. All comparisons are to the fourth quarter of fiscal 2019 unless otherwise noted.

The impact of the Sadler's Smokehouse acquisition (March 2020) is excluded in the presentation of the fourth quarter of fiscal 2020 non-GAAP measures of organic volume and organic net sales. The impact of the CytoSport divestiture last year is excluded from...

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Nov 24 8:45 AM, General News


Jack In the Box Reports Fourth Quarter FY 2020 Earnings

Jack in the Box Inc. reported financial results for the fourth quarter and fiscal year ended September 27, 2020.

Jack in the Box system same-store sales increased 12.2 percent for the quarter. Company same-store sales increased 9.6 percent in the fourth quarter driven by average check growth of 21.9 percent while transactions decreased 12.3 percent. Improvement in company same-store sales as compared with...

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Nov 23 8:14 AM, General News


Walmart Releases Q3 FY21 Earnings

Walmart has released earnings for Q3 FY21. Below are highlights of the earnings results:

Total Revenue

Total revenue was $134.7 billion, an increase of $6.7 billion, or 5.2%. Excluding currency, total revenue would have increased 6.1% to reach $135.8 billion.

U.S. Comparable Sales

Walmart U.S. comparable sales increased 6.4% with strength across key categories, including...

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Nov 18 8:33 AM, General News


Tyson Foods Reports Strong Fourth Quarter and Fiscal 2020 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 2020 Highlights

  • GAAP EPS of $5.86, up 6% from prior year; Adjusted EPS of $5.64 (52-week basis), up 3% from prior year
  • GAAP operating income of $3,114 million, up 10% from prior year; Adjusted operating income of $3,116 million (52-week basis), up 5% from prior year
  • Total Company GAAP operating margin of...
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Nov 16 8:24 AM, General News


Beyond Meat Reports Third Quarter 2020 Results

Beyond Meat, Inc., a leader in plant-based meat, reported financial results for its third quarter ended September 26, 2020.

Third Quarter 2020 Financial Highlights

  • Net revenues were $94.4 million, an increase of 2.7% year-over-year.
  • Gross profit was $25.5 million, or gross margin of 27.0% of net revenues; Adjusted gross profit was $27.3 million, or
  • Adjusted gross margin of 28.9% of net revenues, reflecting exclusion of expenses attributable to COVID-19.
  • Net loss was $19.3 million, or $0.31 per common share; Adjusted net loss was $17.5 million, or $0.28 per common share, reflecting exclusion of expenses attributable to COVID-19.
  • Adjusted EBITDA was a loss...
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Nov 11 8:15 AM, General News


Hain Celestial Reports First Quarter Fiscal Year 2021 Financial Results

The Hain Celestial Group, Inc., a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East, reported financial results for the first quarter ended September 30, 2020. The results contained herein are presented with the Hain Pure Protein and Tilda operating segments being treated as discontinued operations. All growth comparisons are against corresponding prior year period unless otherwise noted.

Mark L. Schiller, Hain Celestial's President and Chief Executive Officer, commented, "We are very pleased with our first quarter results, which exceeded our initial expectations of several hundred basis points of margin expansion, significant growth in adjusted EBITDA and...

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Nov 10 10:18 AM, General News


Papa John’s Announces Third Quarter 2020 Financial Results 

Papa John’s International, Inc. announced financial results for the three and nine months ended September 27, 2020.

“Thanks to our focus on our strategic priorities, our commitment to an innovation mindset, and our dedication to supporting our team members and franchisees, Papa John’s delivered another quarter of outstanding results,” said President & CEO Rob Lynch. “Double-digit comparable sales growth, dramatically higher earnings and robust free cash flow all reflect a winning strategy and execution that have helped us...

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Nov 6 8:34 AM, General News


Performance Food Group Reports First-Quarter Fiscal 2021 Results

Performance Food Group Company announced its first-quarter fiscal 2021 business results.

“I am very pleased with our first-quarter results as the organization continues to take market share and prove its resiliency,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “Our Foodservice segment once again outperformed the industry, particularly in the independent restaurant channel. The integration of Reinhart has progressed smoothly and Vistar, despite its exposure to some of the hardest hit channels, has remained profitable due to strength in the convenience store channel. Our associates are...

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Nov 5 8:35 AM, General News


Wendy's Reports Third Quarter Results

The Wendy's Company reported unaudited results for the third quarter ended September 27, 2020.

"In the third quarter we posted our highest Global same-restaurant sales growth performance in over 15 years on top of outsized growth in the prior year." President and Chief Executive Officer Todd Penegor said. "In addition to these very strong sales, our restaurant economic model continues to strengthen, with Company-operated restaurant margin expansion compared to the prior year, despite significant commodity headwinds. We remain focused on our goal of delivering efficient, accelerated growth behind...

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Nov 5 8:35 AM, General News


Weis Markets Reports Third Quarter Results

Weis Markets, Inc. reported its sales increased 14.4 percent to $1.0 billion during the thirteen-week period ended September 26, 2020, compared to the same period in 2019, while its third quarter comparable store sales increased 14.8 percent.

The Company's third quarter net income increased 118.8 percent to $31.3 million compared to $14.3 million in 2019, while earnings per share totaled $1.16 compared to $0.53 per share for the same period in 2019. Third quarter ecommerce sales increased 160 percent.

"Our sales and current demand continue to be impacted by a significant number of people working remotely, often with children attending...

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Nov 4 8:20 AM, General News


Sysco Reports Sales Decline in First Quarter Fiscal 2021 Results

On Tuesday Sysco Corporation announced their financial results for its 13-week first fiscal quarter, which ended September 26, 2020. According to the company, sales decreased by 23% to $11.8 billion and gross profit decreased by 24.6% to $2.2 billion.

“Although our first quarter 2021 results continue to be impacted by the pandemic, we are pleased with our overall expense management and our ability to produce positive free cash flow and a profitable quarter despite a 23% reduction in sales,” said Sysco president and CEO Kevin Hourican...

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Nov 3 10:14 AM, SeafoodNews


Publix Reports Third Quarter 2020 Results

The coronavirus pandemic was declared a national emergency on March 13, 2020 and continues to be a challenge. It remains a top priority of Publix to serve the communities in which it operates in a way that protects the health and safety of its associates and customers.

Publix’s sales for the three months ended Sept. 26, 2020 were $11.1 billion, an 18.3% increase from $9.3 billion in 2019. Comparable store sales for the three months ended Sept. 26, 2020 increased 16.5%. The company estimates its sales for the three months ended Sept. 26, 2020 increased approximately $1.25 billion or 13.4% due to the impact of the coronavirus pandemic.

Net earnings for the three months ended Sept. 26, 2020 were $917.6 million, compared to $574 million in 2019, an increase of 59.9%. Earnings per share for the three months ended Sept. 26, 2020 increased to $1.31 per share, up from...

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Nov 3 9:22 AM, General News


US Foods Reports Third Quarter Fiscal 2020 Earnings

US Foods Holding Corp. announced results for the third quarter of fiscal 2020. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from Smart Stores Holding Corp. (“Smart Foodservice”), which was acquired on April 24, 2020. For the Food Group of Companies (the “Food Group”), which was acquired on Sept. 13, 2019, organic financial results include contributions for the Sept. 14, 2020, through Sept. 26, 2020, time period only.

Third Quarter Fiscal 2020 Highlights

  • Total case volume decreased 8.9%; total organic case volume decreased 22.2%
  • Net sales decreased 10.5% to $5.8 billion
  • Gross profit decreased 15.7% to $974 million
  • Net loss available to common shareholders was...
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Nov 3 8:24 AM, General News


The Cheesecake Factory Reports Results for the Third Quarter of 2020

The Cheesecake Factory Incorporated reported financial results for the third quarter of fiscal 2020, which ended on September 29, 2020.

Total revenues were $517.7 million in the third quarter of fiscal 2020 compared to $586.5 million in the third quarter of fiscal 2019. Net loss and diluted net loss per share were $28.3 million and $0.76, respectively, in the third quarter of fiscal 2020, reflecting the impact of COVID-19. The results in this press release include the acquisition of North Italia and the remaining business of Fox Restaurant Concepts LLC (“FRC”) on October 2, 2019.

During the third quarter of fiscal 2020, the Company recorded pre-tax impairment of assets and lease termination expense of $10.4 million, $5.4 million of which was cash lease termination expense associated with one...

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Nov 3 8:24 AM, General News


Ruth's Hospitality Provides Business Update and Reports Third Quarter 2020 Financial Results

Ruth’s Hospitality Group, Inc. provided a business update on the impact of the COVID-19 pandemic and reported unaudited financial results for its third quarter ended September 27, 2020.

Business and Liquidity Update

  • By the end of the third quarter, the Company was able to re-open 94% (72 of 77) of its Company-owned and managed restaurants, which included 71 restaurants offering limited capacity dining service and one restaurant offering to-go and delivery service only.
  • 99% (71 of 72) of the Company’s franchisee-owned restaurants were open with capacity restricted dining rooms as of the end of the third quarter.
  • Third quarter comparable restaurant sales at Company-owned restaurants decreased...
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Nov 3 8:23 AM, General News


Shake Shack Announces Third Quarter 2020 Financial Results

Shake Shack Inc. reported its financial results for the third quarter ended September 23, 2020, a period that included 13 weeks.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “Our business during this most recent quarter showed steady recovery, thanks to the hard work and dedication of our team, their agility in adapting new Shack protocols and models and an increasingly strong suite of digital capabilities. As a result, guests have been able to enjoy their Shack the way they want it, with a choice of convenient and safe ordering and...

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Nov 2 8:27 AM, General News


Starbucks Reports Q4 Fiscal 2020 Results

Starbucks Corporation reported financial results for its 13-week fiscal fourth quarter ended September 27, 2020. GAAP results in fiscal 2020 and fiscal 2019 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“I am very pleased with our strong finish to fiscal 2020, underpinned by a faster-than-expected recovery in our two lead growth markets, the U.S. and China. These results demonstrate the continued strength and relevance of our brand, the effectiveness of...

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Nov 2 8:26 AM, General News


Dunkin' Brands Reports Third Quarter 2020 Results

Dunkin' Brands Group, Inc., the parent company of Dunkin' and Baskin-Robbins, reported results for the third quarter ended September 26, 2020.

"Our strong third quarter results are a testament to our continued focus on the Dunkin' U.S. Blueprint for Growth and demonstrate that our high-frequency, low-touch, affordable-ticket business performs well in any environment. In response to changing consumer patterns, we moved quickly to adapt our menu, introducing new beverages and snacking items designed to appeal to both morning and afternoon traffic, as well as younger consumers. We also doubled down on digital, leveraging...

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Oct 30 8:26 AM, General News


Yum China Reports Third Quarter 2020 Results

Yum China Holdings, Inc. reported unaudited results for the third quarter ended September 30, 2020.

Impact of COVID-19 Outbreak and Mitigation Efforts

Third quarter operations improved, although still impacted by reduced traffic at transportation and tourist locations, the delayed and shortened school holiday and the other lingering effects of the COVID-19 outbreak. Dine-in volume has been recovering, while delivery and takeaway remained popular options. The Company's primary focus continues to be safety, efficiency and driving traffic. We launched attractive digital and membership campaigns with...

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Oct 29 10:00 AM, General News


Blue Apron Reports Third Quarter 2020 Results

Blue Apron Holdings, Inc. announced financial results for the quarter ended September 30, 2020.

“Our third quarter operating results, including the 13% year over year net revenue improvement, exceeded our guidance reflecting continued momentum,” said Linda Findley Kozlowski, Blue Apron Chief Executive Officer. “Our growth initiatives, such as continued product innovation to provide more variety, flexibility and choice, and more efficient marketing to drive higher attraction and engagement, are key factors in the consistent improvements we are generating in Orders per Customer and Average Order Value. These efforts led to Average Revenue per Customer exceeding $300 for the second consecutive quarter. While challenges with labor availability have impacted our ability to address...

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Oct 29 9:53 AM, General News


Pilgrim's Pride Reports Third Quarter Financial Results

Pilgrim’s Pride Corporation reports third quarter 2020 financial results.

Third Quarter Highlights

  • Net Sales of $3.08 billion.
  • Net GAAP Income of $33.4 million. Adjusted Net Income of $161.7 million or adjusted EPS of $0.66 excluding $110.5 million DOJ agreement.
  • Consolidated Operating Income margin of 3% with Adjusted Operating Income margins of 6.7% in U.S. excluding DOJ agreement, 18.4% in Mexico and 3.5% in Europe.
  • Adjusted EBITDA of $305.0 million, or a 9.9% margin, 18% higher than a year ago.
  • Faced with the global Covid-19 pandemic, we continue to be guided by...
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Oct 29 8:39 AM, General News


Dine Brands Global Reports Third Quarter 2020 Results

Dine Brands Global, the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, announced financial results for the third quarter of 2020.

“We continue to execute on our strategy to stabilize our business and restore growth, which resulted in both brands delivering continued improvements during this challenging time for our industry. I want to thank our franchisees and team members who have been working tirelessly this year. They have adapted to the significant challenges of 2020 with remarkable agility, bringing our delicious, affordable food to guests in a low-contact and safe manner,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.

Mr. Joyce added, “We believe that both Applebee’s and IHOP are well-positioned to build on the impressive expansion of our off-premise growth, return restaurant sales to pre-pandemic levels and resume...

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Oct 29 8:23 AM, General News


Maple Leaf Foods Reports Third Quarter 2020 Financial Results

Maple Leaf Foods Inc. reported its financial results for the third quarter ending September 30, 2020.

"Maple Leaf continues to deliver on its responsibility as an essential service, its commitment to protect employees, and its support of local communities during these extraordinary times," stated Michael H. McCain, the Company's President and CEO. "I continue to be amazed and humbled by the steadfastness of our team and their ability to maintain critical infrastructure in the face of extremely challenging circumstances.

"Our operational resiliency, strong brands, and the success of our sustainable meat strategy delivered excellent results in Meat Protein in the third quarter," continued Mr. McCain. "While supply chain disruptions impacted short-term Plant Protein performance, we are seeing...

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Oct 28 9:34 AM, General News


Restaurant Brands International Reports Third Quarter 2020 Results

Restaurant Brands International Inc. reported financial results for the third quarter ended September 30, 2020.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "Our results this quarter are once again a testament to the incredibly hard work our team members, restaurant owners and employees have put in to re-open our restaurants and continue serving millions of guests every day. Looking forward, we are very well-positioned to navigate through a wide range of possible scenarios, especially given the strength of our network of drive-thrus and fast-growing delivery channel."

"Despite our continued near-term focus on confronting the challenges presented by this global health crisis, we continue to make progress behind our long-term vision for the business, including modernizing our brands by...

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Oct 28 8:27 AM, General News


Bloomin’ Brands Reports Strengthening Sales Trends

Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the third quarter 2020 (“Q3 2020”) compared to the third quarter 2019 (“Q3 2019”).

Statement from David Deno, Chief Executive Officer

Our priorities remain unchanged as we are focused on taking care of our people and serving food in an environment that protects both team members and customers. Maintaining a motivated, well trained, and engaged employee base that is committed to providing a safe dining experience is critical to our long-term success. The decision not to furlough any employees during the pandemic reinforced this principle. This decision is paying off and has been a big part of our success in driving results throughout the pandemic...

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Oct 23 8:47 AM, General News


Chipotle Announces Third Quarter 2020 Results

Chipotle Mexican Grill, Inc. reported financial results for its third quarter ended September 30, 2020.

Third quarter highlights, which incorporate the impact of COVID-19, year over year

  • Revenue increased 14.1% to $1.6 billion
  • Comparable restaurant sales increased 8.3%
  • Digital sales grew 202.5% and accounted for 48.8% of sales for the quarter
  • Restaurant level operating margin was 19.5%, a decrease of 1.3%
  • Diluted earnings per share was $2.82, net of a $0.94 after-tax impact from expenses related to...
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Oct 22 9:40 AM, General News


Albertsons Companies Reports Second Quarter Results

Albertsons Companies, Inc. reported results for the second quarter of fiscal 2020, which ended September 12, 2020.

Second Quarter of Fiscal 2020 Highlights

  • Identical sales growth of 13.8%
  • Digital sales growth of 243%
  • Diluted net income per share of $0.49; Adjusted net income per share of $0.60
  • Net income of $284.5 million
  • Adjusted EBITDA of $948.4 million, an increase of...
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Oct 20 8:19 AM, General News


Del Taco Restaurants Reports Fiscal Third Quarter 2020 Financial Results

Del Taco Restaurants, Inc. reported fiscal third quarter 2020 financial results for the 12-week period ending September 8, 2020 and provided a business update.

Management Commentary

John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “As we continue to navigate the challenges and opportunities related to COVID-19, I am proud of our actions to stabilize our business as demonstrated by our strong third quarter performance. Positive third quarter comparable restaurant sales for company-operated and franchised restaurants reflects our value-oriented QSR+ positioning, expanding off-premise convenience and use of innovation with the very successful launch of...

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Oct 19 7:46 AM, General News


Domino's Pizza Announces Third Quarter 2020 Financial Results

Domino's Pizza, Inc. announced results for the third quarter. Global retail sales increased 14.4% in the third quarter, or 14.8% excluding foreign currency impact. U.S. same store sales grew 17.5% during the quarter versus the year-ago period and were positively impacted by customer ordering behavior during the COVID-19 pandemic, continuing the positive sales momentum in the Company's U.S. stores business. The international business also posted positive same store sales results, with growth of 6.2% during the quarter. The third quarter marked the 107th consecutive quarter of international same store sales growth and the 38th consecutive quarter of U.S. same store sales growth.

During the quarter, the Company reported 209 gross new stores and 83 net new stores, comprised of 44 net new U.S. stores and 39 net new international stores. The Company's net store growth reflects the closure of 126 stores, primarily in India. The number of temporary store closures in...

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Oct 12 8:53 AM, General News


Wingstop Releases Preliminary Fiscal Third Quarter 2020 Sales Results 

Wingstop Inc. released preliminary unaudited sales and unit development results for the fiscal third quarter 2020. The Company also announced that it will host a conference call and webcast to discuss its fiscal third quarter 2020 financial results on Monday, November 2, 2020 at 10:00 AM EST.

Highlights for the fiscal third quarter 2020 as compared to the fiscal third quarter 2019:

  • 43 net new openings in fiscal third quarter 2020
  • Domestic same store sales increased 25.4%
  • Company-owned restaurant same store sales increased...
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Oct 7 9:23 AM, General News


United Natural Foods Reports Record Fourth Quarter and Strong Full Year Fiscal 2020 Results

United Natural Foods, Inc. reported financial results for the fourth quarter (13 weeks) and fiscal year (52 weeks) ended August 1, 2020.

Fiscal 2020 Full Year Highlights

(Fiscal 2019 was a 53 week year that included the contribution from an acquisition for 41 weeks)

  • Net sales increased to $26.5 billion
  • Net loss of $(274) million, including $425 million pre-tax goodwill and asset impairment charges recorded in the first quarter of fiscal 2020
  • Adjusted EBITDA increased to $673 million
  • Loss per diluted share (EPS) improved to $(5.10)
  • Adjusted EPS increased to...
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Sep 30 8:23 AM, General News


Papa John's Sustains Strong North America and International Comparable Sales in September

Papa John’s International, Inc. provided preliminary estimated comparable sales information for the month of September and the third quarter fiscal period. In light of the uncertainty related to the pandemic, the company has continued to provide this information on a monthly basis.

President & CEO Rob Lynch said, “Six consecutive months of double-digit comparable sales growth were made possible by the hard work of Papa John’s team members and franchisees during the global pandemic. We remain confident that our innovation pipeline, marketing and technology platforms, and strong operations will continue to...

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Sep 30 8:22 AM, General News


Cal-Maine Foods Reports First Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. reported results for the first quarter of fiscal 2021 (13 weeks) ended August 29, 2020.

Net sales for the first quarter of fiscal 2021 were $292.8 million, a 21.4 percent increase compared to $241.2 million for the first quarter of fiscal 2020. The Company reported a net loss of $19.4 million, or $0.40 per basic and diluted share, for the first quarter of fiscal 2021, compared to a net loss of $45.8 million, or $0.94 per basic and diluted share, for the first quarter of fiscal 2020.

Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., stated, “Our results for the first quarter of fiscal 2021 reflect continued challenging market conditions as we proactively monitor and...

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Sep 28 9:33 AM, General News




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