Search:

The search returned 28 results.

Start:    End:       Search Title?    Search Article?    Search Tags?
YOUR SEARCH RESULTS:




























Publix Reports Fourth Quarter and Annual Results for 2023

Publix’s sales for the three months ended Dec. 30, 2023, a 13-week quarter, were $14.7 billion, a 4% decrease from $15.3 billion in 2022, a 14‑week quarter. Excluding the additional week in the fourth quarter of 2022, sales for the fourth quarter of 2023 would have increased 2.8%. Comparable store sales for the three months ended Dec. 30, 2023 increased 0.4%.

Net earnings for the three months ended Dec. 30, 2023 were $1.2 billion, compared to $1.3 billion in 2022, a decrease of 7.8%...

Full Story »
Mar 1 12:23 PM, Urner Barry



Wen’s Food Group Reports Approx. $9 Bln Loss in Pig Business for FY 2023

Wen's Food Group, a major Chinese food conglomerate specializing in pig breeding, processing, and distribution of pork products, provided a detailed breakdown of its FY 2023 losses during a recent conference call with investors.

Previously, in January, Wen’s Food Group announced it expected a year-on-year loss between CNY 61-67 billion (approximately $9-10 billion) for FY 2023. The company attributed this loss largely to a decrease in the Chinese market hog and broiler prices...

Full Story »
Feb 28 8:21 AM, FeedInfo


The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2023

The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2023, which ended on January 2, 2024.

Total revenues were $877.0 million in the fourth quarter of fiscal 2023 compared to $892.8 million in the fourth quarter of fiscal 2022. The fourth quarter of fiscal 2023 included 13 weeks compared to 14 weeks in the fourth quarter of fiscal 2022. Excluding the impact of the additional week in fiscal 2022, which contributed approximately $78.4...

Full Story »
Feb 23 10:10 AM, Urner Barry


US Foods Reports Fourth Quarter and Fiscal Year 2023 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2023.

Fourth Quarter Fiscal 2023 Highlights

  • Net sales increased 4.9% to $8.9 billion
  • Total case volume increased 5.6%; independent restaurant case volume increased 7.3%
  • Gross profit increased 9.4% to $1.6 billion
  • Net income available to common shareholders was $147 million
  • Adjusted EBITDA increased 10.9% to $388 million
  • Diluted EPS increased 59.5% to $0.59; Adjusted...
Full Story »
Feb 15 8:49 AM, Urner Barry


November Pork Export Value Highest in 30 Months; Asia Headwinds Persist for Beef

Fueled by record performances in Mexico, Central America and Colombia, November exports of U.S. pork reached the highest value since mid-2021, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). U.S. beef exports slowed in November, recording the third lowest value of 2023. November lamb exports also trended lower.

November pork exports totaled 258,601 metric tons (mt), up 5% from a year ago and the highest in six months. Export value was up 2% to $737.4 million, the highest...

Full Story »
Jan 15 9:49 AM, Urner Barry


Cracker Barrel Reports First Quarter Fiscal 2024 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the first quarter of fiscal 2024 ended October 27, 2023.

First Quarter Fiscal 2024 Highlights

  • The Company reported first quarter total revenue of $823.8 million. Compared to the prior year first quarter, total revenue decreased 1.9%.
  • Comparable store restaurant sales decreased 0.5%, while comparable store retail sales decreased 8.1%.
  • GAAP operating income for the first quarter was $11.4 million, or 1.4% of total revenue, and adjusted1 operating income was $19.0...
Full Story »
Dec 1 8:00 AM, Urner Barry


Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2023

Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and twelve months ended September 30, 2023.

Robert P. Ingle II, Chairman of the Board, stated, “We are happy to report results for the quarter and year-end. We continue to thank our associates for the dedication and hard work they provide to serve our customers.”

Fourth Quarter Results

Net sales totaled $1.58 billion for the quarter ended September 30, 2023, compared with $1.45 billion for the quarter ended September 24, 2022...

Full Story »
Nov 29 10:17 AM, Urner Barry


Census Says Retail Sales Grew Year Over Year in October But Growth Continued to Slow

Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, National Retail Federation Chief Economist Jack Kleinhenz said in response to the U.S. Census Bureau’s release of monthly retail sales data today.

“Fourth-quarter consumer spending stepped off on a more moderate pace, as expected,” Kleinhenz said. “The staying power of the American consumer has been the story of 2023, but financial conditions have...

 

Full Story »
Nov 17 8:02 AM, Urner Barry


Brazil Food Processor BRF Widens Net Loss in Q3 on Grain Prices, Chicken Glut

BRF SA, the Brazilian pork and poultry processor, widened its third-quarter loss from the year-ago period as it continued to deal with a chicken oversupply while also trying to rein in grain prices, it said on Monday.

BRF reported a 262 million real ($53.37 million) net loss in the third quarter, larger than the 136.7 million loss a year ago but slightly better than an LSEG consensus forecast of a 279 million real loss.

Despite the hit, BRF said improvements in the company's...

Full Story »
Nov 14 8:40 AM, Foodmarket


US Foods Reports Third Quarter Fiscal Year 2023 Earnings

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2023.

Third Quarter Fiscal 2023 Highlights

  • Net sales increased 2.1% to $9.1 billion
  • Total case volume increased 4.0%; independent restaurant case volume increased 5.8%
  • Gross profit increased 5.6% to $1.5 billion
  • Net income available to common shareholders was $95 million
  • Adjusted EBITDA increased 14.5% to $402 million
  • Diluted EPS decreased 11.6% to $0.38; Adjusted Diluted EPS increased 16.7% to $0.70...
Full Story »
Nov 9 8:29 AM, Urner Barry


Publix Reports Third Quarter 2023 Results and Stock Price

Publix’s sales for the three months ended Sept. 30, 2023 were $14 billion, a 7.2% increase from $13 billion in 2022. Comparable store sales for the three months ended Sept. 30, 2023 increased 4.3%.

Net earnings for the three months ended Sept. 30, 2023 were $833 million, compared to $394 million in 2022, an increase of 111.4%. Earnings per share for the three months ended Sept. 30, 2023 increased to $0.25 per share, up from $0.12 per share in 2022. Excluding the impact of... 

Full Story »
Nov 2 7:58 AM, Urner Barry


Albertsons Companies, Inc. Reports Second Quarter Fiscal 2023 Results

Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the second quarter of fiscal 2023, which ended September 9, 2023.

Second Quarter of Fiscal 2023 Highlights

  • Identical sales increased 2.9%
  • Digital sales increased 19%
  • Loyalty members increased 17% to 37.4 million
  • Net income of $267 million, or $0.46 per share
  • Adjusted net income of $368 million, or $0.63 per share
  • Adjusted EBITDA of $977 million

Vivek Sankaran, CEO commented, "During the second quarter, we continued to execute against our Customers for Life transformation...

Full Story »
Oct 17 10:11 AM, Urner Barry


Armanino Foods Reports Record Breaking Sales and the Highest Quarterly and Year to Date Profits Ever

Armanino Foods of Distinction, Inc. Reports Record Breaking Sales and the Highest Quarterly and Year to Date Profits Ever for the Third Quarter and Nine Months Ended September 30, 2023

Net sales for the third quarter of 2023 were $16,080,356 compared to $15,400,353 for the same period last year, an increase of 4%. Income before taxes for Q3 2023 was $3,050,211 compared to $2,055,215 for the same quarter in 2022, an increase of 48%...

Full Story »
Oct 16 8:40 AM, Urner Barry


Despite ‘One Thing’ or ‘Another,’ NRF Economist Says U.S. Economy Still Shows Resilience

The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said today.

”As Gilda Radner used to say on Saturday Night Live, ‘If it’s not one thing, it's another,’ ” Kleinhenz said. “This is certainly one of those times when that expression fits well with what is going on in the economy.”

“New turbulence from the expanding autoworkers strike and the threat of...

Full Story »
Oct 9 8:16 AM, Urner Barry


Cal-Maine Foods Reports Results for First Quarter Fiscal 2024

Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the first quarter of fiscal 2024 (thirteen weeks) ended September 2, 2023.

First Quarter Fiscal Year 2024 Highlights

  • Quarterly net sales of $459.3 million
  • Quarterly net income of $926,000 or $0.02 per basic and diluted common share
  • Net average selling price for specialty eggs increased 8.4 percent quarter-over-quarter....
Full Story »
Oct 4 10:20 AM, Urner Barry


Hormel Foods Reports Third Quarter Fiscal 2023 Results

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the third quarter of fiscal 2023. All comparisons are to the third quarter of fiscal 2022 unless otherwise noted.

EXECUTIVE SUMMARY — THIRD QUARTER

  • Net sales of $3.0 billion
  • Operating income of $217 million, reflecting the impact of an adverse arbitration ruling totaling $70 million; adjusted operating income of $287 million
  • Operating margin of 7.3%; adjusted operating margin1 of 9.7%
  • Earnings before income taxes of $208 million; adjusted earnings before income...
Full Story »
Aug 31 8:39 AM, Urner Barry


Stock Futures Rebound Early Thursday Following Fed Minutes from July Meeting, Walmart Earnings 

On Wednesday, the Federal Reserve released minutes from its latest policy meeting that took place on July 25-26, contributing to a lower close in stock futures at midweek as traders weighed the potential for additional interest rate hikes. The next FOMC meeting is scheduled for September 19-20. 

"In their discussion of current economic conditions, participants noted that economic activity had been expanding at a moderate pace. Job gains had been robust in recent months, and the unemployment rate remained low. Inflation remained elevated," said the minutes...

Full Story »
Aug 17 7:30 AM, UB Newswires


Retail Sales Rose Sharply in July Amid Prime Day, Back-to-School Sales and Rising Wages

Retail sales reversed their downward trend in July as Prime Day and major promotions by other brands prompted increased shopping while wage increases gave consumers more money to spend, the National Retail Federation said today.

“July retail sales show consumers continue to drive the economy through this period of economic pressure with robust spending supported by steady job growth and wage gains,” NRF President and CEO Matthew Shay said. “Retailers remain focused on providing essential items at competitive prices for families and students as...

 

Full Story »
Aug 16 9:59 AM, Urner Barry


Kraft Heinz Names Carlos Abrams-Rivera as Next CEO

Carlos Abrams-Rivera, head of Kraft Heinz 's North American operations, becomes president immediately. PHOTO: Taylor Glascock for The Wall Street Journal

Kraft Heinz named Carlos Abrams-Rivera as its next chief executive, elevating the head of the food company's North American business.

The maker of sliced cheese and ketchup said Monday that Abrams-Rivera, who has served since December 2021 as the company's executive vice president and president of its biggest division by sales, would assume the CEO position on Jan. 1.

Kraft Heinz said Miguel Patricio, who has been...

Full Story »
Aug 16 7:58 AM, Urner Barry


Blue Apron Cuts 20% Corporate Workforce After FreshRealm Sale, Eyeing Sales Growth in ‘24

Blue Apron said it reduced its corporate workforce by 20% after it sold its assets to FreshRealm earlier this year, the company announced in its second quarter fiscal results.

The company still expects to see benefits from the sale starting in 2024, with Linda Findley, Blue Apron’s President and CEO, citing a “lower fixed cost base, a stronger balance sheet and new revenue opportunities, including the introduction of a new product line expected in the first half of next year...

Full Story »
Aug 10 10:26 AM, General News


Grocery Outlet Says Its Seeing Strength Across All Income Levels

  • Net sales increased 12.5% and achieved first quarterly $1 billion net sales performance in Company's history
  • Comparable store sales increased 9.2%
  • GAAP net income increased 21.8% with diluted EPS of $0.24
  • Adjusted EBITDA(1) increased 22.7% to $70.5 million
  • Company raises key guidance for fiscal 2023

Grocery Outlet Holding Corp., today announced financial results for the second quarter of fiscal 2023 ended July 1, 2023.

Highlights for Second Quarter Fiscal 2023 as compared to Second Quarter Fiscal 2022:

  • Net sales increased by 12.5% to $1.01 billion...
Full Story »
Aug 10 7:58 AM, Urner Barry


The Wendy's Company Reports Second Quarter 2023 Resuts

"I am proud of the entire Wendy's® system for delivering another quarter of meaningful sales and profit growth alongside sustained progress against our strategic growth pillars," President and Chief Executive Officer Todd Penegor said. "We continued to drive significant profit expansion, supported by strong same-restaurant sales momentum, resulting in an over 200 basis point year-over-year increase in U.S. Company-operated restaurant margin. During the quarter, our breakfast and late-night dayparts delivered outsized growth and we sustained our digital strength. We also continued to...

Full Story »
Aug 9 10:55 AM, Urner Barry


Weis Markets Reports Second Quarter 2023 Results

Weis Markets, Inc. today reported its financial results for the 13-week second quarter and 26-week year-to-date period ended July 1, 2023.

"In the second quarter, we generated solid results due to the hard work and commitment of our associates at every level of our company," said Weis Markets, Inc.'s Chairman and Chief Executive Officer Jonathan H. Weis. "We continue to make strategic investments for long-term profitable growth which benefits our associates, customers, communities, and shareholders. We are keenly aware that our customers are looking for value and...

Full Story »
Aug 9 8:02 AM, Urner Barry


Restaurant Brands International Inc. Reports Second Quarter 2023 Results

Restaurant Brands International Inc. today reported financial results for the second quarter ended June 30, 2023. Josh Kobza, Chief Executive Officer of RBI commented, "I am very proud of the continued performance of our teams and our franchisees who helped drive 14% growth in system-wide sales and another quarter of improved franchisee profitability. We are generating positive momentum and results behind each of our iconic brands by focusing on new menu innovations, supported by exceptional marketing and operations. I know the team is very motivated by the significant growth...

Full Story »
Aug 9 7:56 AM, Urner Barry


Nathan's Famous, Inc. Reports First Quarter Results

Nathan's Famous, Inc. today reported results for its first fiscal quarter ended June 25, 2023.

For the thirteen-week period ended June 25, 2023 (“first quarter fiscal 2024”):

  • Revenues were $41,985,000 as compared to $39,720,000 during the thirteen weeks ended June 26, 2022;
  • Income from operations was $11,463,000 as compared to $11,780,000 during the thirteen weeks ended June 26, 2022;
  • Adjusted EBITDA1, a non-GAAP financial measure, was $12,036,000 as compared to $12,065,000 during the thirteen weeks ended June 26, 2022;
  • Income before provision for income...
Full Story »
Aug 3 12:10 PM, Urner Barry


Dine Brands Global, Inc. Reports Second Quarter 2023 Results

“Dine Brands is well-positioned to invest in our brands, drive growth and maximize returns. Despite some market volatility, our business model’s resiliency is evident through consistent financial results, enabling us to pursue long-term growth opportunities, debt reduction and returning capital to shareholders,” said John Peyton, chief executive officer, Dine Brands Global. “Looking ahead, we will continue to maintain our disciplined approach to creating value for stakeholders and demand from our guests.”

Vance Chang, chief financial officer, added, “Our focus, in collaboration with our franchisees, is to drive consistent sales...

Full Story »
Aug 3 9:33 AM, Urner Barry


Wingstop Inc. Reports Fiscal Second Quarter 2023 Financial Results

Wingstop Inc. today announced financial results for the fiscal second quarter ended July 1, 2023.

Highlights for the fiscal second quarter 2023 compared to the fiscal second quarter 2022:

  • System-wide sales increased 27.8% to $809.8 million
  • 50 net new openings in the fiscal second quarter 2023
  • Domestic same store sales increased 16.8%
  • Domestic restaurant AUVs exceeded $1.7 million
  • Digital sales increased to 65.2%
  • Total revenue increased 27.9% to $107.2 million
  • Net income increased 21.6% to $16.2 million, or $0.54 per diluted...
Full Story »
Aug 2 2:57 PM, Urner Barry


Publix Reports Second Quarter 2023 Results

Publix’s sales for the three months ended July 1, 2023 were $14.1 billion, an 8.9% increase from $12.9 billion in 2022. Comparable store sales for the three months ended July 1, 2023 increased 6.2%.
Net earnings for the three months ended July 1, 2023 were $1.1 billion, compared to $628 million in 2022, an increase of 74.7%. Earnings per share for the three months ended July 1, 2023 increased to $0.33 per share, up from $0.18 per share in 2022. Excluding the impact of net...

Full Story »
Aug 2 10:03 AM, Urner Barry







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

DISCLAIMER
THE INFORMATION, PRODUCTS, CONTENT AND DATA ON THE SITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN INFORMATION, CONTENT AND DATA ON THE SITE (INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT) WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE SUCH INFORMATION, CONTENT AND DATA AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. MOREOVER, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF ANY INFORMATION, CONTENT, DATA, PRODUCTS OR SERVICES CONTAINED ON OR OFFERED, MADE AVAILABLE THROUGH, OR OTHERWISE RELATED IN ANY WAY TO THE SITE, INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT, OR ANY THIRD-PARTY SITES, PRODUCTS OR SERVICES LINKED TO FROM THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, COMPLETENESS, RELIABILITY, SAFETY OR OTHERWISE. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.