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Campbell Reports Third Quarter Results

Campbell Soup Company reported its third-quarter results for fiscal 2020.

  • Net Sales Increased 15%; Organic Net Sales Increased 17% Reflecting Increased Demand for Our Products
  • Earnings Per Share (EPS) from Continuing Operations of $0.55 Increased 34%; Adjusted EPS of $0.83 Increased 57%
  • Campbell Raises Fiscal 2020 Guidance to Reflect Improved Outlook Based on Current Operating Environment

CEO Comments

Mark Clouse, Campbell’s President and CEO, stated, “Since the onset of the COVID-19 pandemic, we have simplified our mission to keep our people safe, while meeting the urgent need for...

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Jun 4 8:11 AM, General News



Cracker Barrel Reports Third Quarter Fiscal 2020 Results And Provides Business Update

Cracker Barrel Old Country Store, Inc. reported its financial results for the third quarter ended May 1, 2020 and provided an update regarding the impact of the coronavirus disease ("COVID-19") pandemic on the Company's business.

COVID-19 Business Update

Beginning in March, the unprecedented circumstances and rapidly changing market conditions caused by the COVID-19 pandemic resulted in significant disruptions to the restaurant industry and to the Company's business. As previously disclosed, the Company undertook numerous actions in response to the pandemic to...

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Jun 3 8:08 AM, General News


Costco Reports Financial Results for Third Quarter 

Costco Wholesale Corporation announced its operating results for the third quarter (12 weeks) and the first 36 weeks of fiscal 2020, ended May 10, 2020.

Net sales for the quarter increased 7.3 percent, to $36.45 billion from $33.96 billion last year. Net sales for the first 36 weeks increased 7.8 percent, to $110.94 billion from $102.90 billion last year.

Reported net income for the third quarter was $838 million, or $1.89 per share, which was negatively impacted by $283 million pretax, or 47 cents per diluted share, from incremental wage and...

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Jun 1 8:52 AM, General News


FAT Brands Reports First Quarter 2020 Financial Results

FAT(Fresh. Authentic. Tasty.) Brands Inc., reported fiscal first quarter 2020 financial results for the 13-week period ending March 29, 2020 and provided an update on the business as it relates to the COVID-19 pandemic.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “The first five months of 2020 have been unprecedented, and our mission has been steadfast - to guide our franchisees and their employees through these challenging times as safely as possible so they may best serve their communities and guests. As we are now moving into the re-opening phase in many locations both domestically and internationally, our operations teams have...

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Jun 1 8:09 AM, General News


Sanderson Farms Reports Results for Second Quarter of Fiscal 2020

Sanderson Farms, Inc. today reported results for its second fiscal quarter and six months ended April 30, 2020.

Net sales for the second quarter of fiscal 2020 were $844.7 million compared with $845.2 million for the same period a year ago. For the quarter, the Company reported net income of $6.1 million, or $0.28 per share, compared with net income of $40.6 million, or $1.83 per share, for the second quarter of fiscal 2019.

Net sales for the first six months of fiscal 2020 were $1,667.8 million compared with $1,588.6 million for the same period of fiscal 2019. The net loss for the first half of the fiscal year totaled $32.5 million, or $1.48 per share, compared with net income of...

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May 28 8:18 AM, General News


Domino's Pizza Announces Business Update

Domino's Pizza, Inc., announced preliminary information from the first eight weeks of the second quarter in advance of its second quarter earnings release on Thursday, July 16, 2020 in light of the dynamic situation related to the COVID-19 pandemic.

Statement from Ritch Allison, Domino's Chief Executive Officer:

"Today we are providing a business update which includes preliminary sales results from the first eight weeks of the second quarter. We are doing so in the spirit of transparency, and due to the material increase in U.S. same store sales that we have experienced subsequent to...

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May 28 8:14 AM, General News


BJ’s Wholesale Club Announces Record First Quarter Fiscal 2020 Results

BJ’s Wholesale Club Holdings, Inc. announced its financial results for the thirteen weeks ended May 2, 2020.

“Our top priority remains the health and safety of our members and team members during this challenging time and I am deeply thankful for the contributions of our dedicated team members this past quarter,” said Lee Delaney, President and Chief Executive Officer, BJ’s Wholesale Club. "While the coronavirus pandemic increased demand for our services, our team's hard work and the capabilities we have built over the last four years have enabled us to...

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May 22 8:14 AM, General News


Hormel Foods Reports Second Quarter Results

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

The impact of the Sadler’s Smokehouse acquisition (March 2020) and the CytoSport divestiture (April 2019) are excluded in the presentation of the non-GAAP measures of organic volume and organic net sales. The impact of the one-time gain associated with the CytoSport divestiture last year is excluded from prior year adjusted pretax earnings and adjusted diluted earnings per share. Operating free cash flow is also presented as a non-GAAP metric.

Executive Summary

  • Volume of 1.2 billion lbs., up 4%; organic volume1 up 7%
  • Record net sales of $2.4 billion, up...
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May 21 8:20 AM, General News


Walmart Releases Q1 FY21 Earnings

Walmart's net sales and operating results were significantly affected by the outbreak of COVID-19.

Unprecedented demand for products across multiple categories led to strong top-line results. Certain incremental costs negatively affected operating income, including costs associated with enhanced wages and benefits as well as safety and sanitation.

Total revenue was $134.6 billion, an increase of $10.7 billion, or 8.6%. Excluding currency, total revenue would have increased 9.7% to reach $135.9 billion.

Walmart U.S. comp sales increased 10.0%, led by strength in food, consumables, health & wellness and...

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May 19 9:27 AM, General News


United Natural Foods Provides COVID-19 Business Update

United Natural Foods, Inc. provided the following business update related to the COVID-19 pandemic, including announcing preliminary third quarter fiscal 2020 results and actions it is taking to protect and support its associates who are continuing to provide North America with essential services during this time of emergency.

"I am incredibly proud of the entire UNFI team, especially our front line distribution center, transportation and retail associates, who have been working diligently to fulfill UNFI's role as a critical link in the North American food supply chain during this unprecedented time. The safety of our team has always been and will continue to...

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May 14 8:15 AM, General News


Ruth's Hospitality Group Reports First 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 first quarter ended March 29, 2020.

COVID-19 Business Update:

During the first quarter of 2020, the Company began to experience the impact of the COVID-19 pandemic on its business. While first limited to franchise locations in Asia, by the middle of March, the effect of the pandemic was felt throughout the Company’s entire operations. These effects have continued in the second quarter, resulting in...

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May 11 8:13 AM, General News


Papa John’s Announces First Quarter 2020 Results

Papa John’s International, Inc. announced financial results for the first quarter ended March 29, 2020. The company also provided an update on the business impact of the global coronavirus (COVID-19) pandemic.

Rob Lynch, President & CEO said, “Thanks to the tremendous effort of our team members and franchisees, I’m proud to say that Papa John’s has kept its doors open and continued feeding our customers and neighbors in North America and most markets during the COVID-19 pandemic. Guided by the needs of our team members and the communities we serve, we have implemented rigorous additional health and safety measures, including...

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May 7 8:15 AM, General News


Beyond Meat Reports First Quarter 2020 Financial Results 

Beyond Meat, Inc., a leader in plant-based meat, today reported financial results for its first quarter ended March 28, 2020.

“I am proud of our first quarter financial results which exceeded our expectations despite an increasingly challenging operating environment due to the COVID-19 health crisis," said Ethan Brown, Beyond Meat's President and Chief Executive Officer. "The health and safety of our employees and their families is our top priority and we have implemented a series of measures to minimize risks while supporting business continuity. Among other things, these include...

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May 7 8:15 AM, General News


The Wendy's Company Reports First Quarter 2020 Results

The Wendy's Company today reported unaudited results for the first quarter ended March 29, 2020 and provided an update on the impact of the COVID-19 pandemic on the Company's business.

Note from President and CEO, Todd Penegor

At Wendy's, the health, safety and well-being of our teams and customers has always been, and will continue to be, our top priority. We are focused on actions where we can make a positive difference to advance public health goals, safeguard our team members and customers from the spread of COVID-19, maintain essential access to high quality, affordable food, and support our franchisees and employees around the world.

I am very proud of the significant momentum our business generated in 2019 and carried into March of 2020 prior to the negative impact of COVID-19. Our U.S. breakfast launch in early March...

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May 6 9:42 AM, General News


Del Taco Restaurants Reports Fiscal First Quarter 2020 Financial Results

Del Taco Restaurants, the second largest Mexican-American quick service restaurant chain by units in the United States, reported fiscal first quarter 2020 financial results for the 12-week period ending March 24, 2020 and provided a business update related to the impact of COVID-19.

Fiscal First Quarter 2020 Highlights

  • System-wide comparable restaurant sales decreased 3.1%;
  • Company-operated comparable restaurant sales decreased 2.5%. Company-operated comparable restaurant sales were comprised of average check growth of 3.7% offset by a transaction decline of 6.2%;
  • Franchised comparable restaurant sales decreased 3.7%;
  • For the first 10 weeks of the fiscal first quarter through March 10, 2020, system-wide comparable restaurant sales...
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May 6 8:19 AM, General News


Weis Markets Reports First Quarter Results

Weis Markets, Inc. reported its sales increased 12.4 percent to $985.8 million during the thirteen-week period ended March 28, 2020, compared to the same period in 2019, while first quarter comparable store sales increased 12.8 percent.

The Company's first quarter net income increased 86.6 percent to $26.7 million compared to $14.3 million in 2019, while earnings per share totaled $0.99 compared to $0.53 per share for the same period in 2019.

The Company's results were impacted by the onset of the novel coronavirus pandemic (COVID-19) and the subsequent business and school closures and...

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May 6 8:18 AM, General News


Shake Shack Announces First Quarter 2020 Financial Results

Shake Shack Inc. reported its financial results for the first quarter ended March 25, 2020, a period that included 13 weeks.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “I've had the privilege of leading this company through many challenging and incredible moments, but I think we'd all agree that this has been an unprecedented test for our world, and for our teams. Our message across the company has been consistent—to lead with hope, while acting on reality, and to make the necessary...

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May 6 8:18 AM, General News


Aramark Reports Second Quarter Earnings

Aramark today reported second quarter fiscal 2020 results.

“Our hearts go out to everyone who has been impacted by COVID-19, most especially our employees, client partners and customers who have experienced personal and financial hardship," said John Zillmer, Aramark’s Chief Executive Officer. “I am proud of the heroic efforts of our dedicated team members who are providing safe and hygienic food, uniforms and facility services during this challenging time."

"Our financial performance demonstrates the resiliency of Aramark’s flexible business model, as well as our ability to adapt quickly to changing market conditions,” Zillmer added. “The proactive steps we have taken to navigate this difficult economic environment should...

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May 5 9:32 AM, General News


US Foods Reports First Quarter Fiscal 2020 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the first 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 the Food Group of Companies (the "Food Group"), which was acquired on Sept. 13, 2019.

First Quarter Fiscal 2020 Highlights

  • Total case volume increased 3.4%; independent restaurant case volume increased 0.5%
  • Total organic case volume decreased 7.3%; independent restaurant organic case volume decreased 7.4%
  • Net sales increased 5.1% to $6.3 billion
  • Gross profit increased 1.3% to $1.1 billion
  • Loss before income taxes was...
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May 5 9:22 AM, General News


Sysco Reports Third Quarter Fiscal 2020 Results

Sysco Corporation announced financial results for its 13-week third fiscal quarter ended March 28, 2020.

Third Quarter Fiscal 2020 Highlights

  • Sales decreased 6.5% to $13.7 billion
  • Gross profit decreased 6.9% to $2.6 billion; gross margin decreased 7 basis points
  • Operating income decreased 88.6% to $60.3 million; adjusted¹ operating income decreased 39.2% to $377.0 million
  • EPS decreased $0.86 to $(0.01); adjusted...
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May 5 9:17 AM, General News


Performance Food Group Company Reports Third Quarter Results

Performance Food Group Company today announced its third-quarter and first-nine months fiscal 2020 business results.

“The COVID-19 pandemic has brought unique challenges to our industry and Company,” said George Holm, PFG’s Chairman, President & Chief Executive Officer, “and I am very proud of how our associates have responded. PFG is committed to keeping our associates safe and taking actions to support the customers and communities we serve while positioning our business to weather today’s environment and emerge on a strong financial and business footing. We have raised additional capital in both the equity and debt markets to...

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May 4 9:43 AM, General News


Tyson Foods Reports Second Quarter 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:

First Six Months Highlights

  • GAAP EPS of $2.52, down 6% from prior year; Adjusted EPS of $2.43, down 13% from prior year
  • GAAP operating income of $1,327 million; Adjusted operating income of $1,395 million
  • Total Company GAAP operating margin of 6.1% and Adjusted operating margin of 6.4%
  • Record Beef GAAP operating margin of 6.6% and record Adjusted operating margin of 6.9%
  • Record total Company sales of...
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May 4 9:29 AM, General News


Dunkin' Brands Reports First Quarter 2020 Results

Dunkin' Brands Group, Inc., the parent company of Dunkin' and Baskin-Robbins (BR), today reported results for the first quarter ended March 28, 2020.

"Prior to the crisis, we experienced strong first quarter performance across the system, including Dunkin' U.S. which was on track to have its highest quarterly comps in more than six years and positive traffic," said Dave Hoffmann, Dunkin' Brands Chief Executive Officer. "With the number one priority being the safety of crew members and our guests, early in the crisis we implemented strong safety measures at our restaurants with...

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May 1 10:23 AM, General News


Restaurant Brands International Reports First Quarter 2020 Results

Restaurant Brands International Inc. reported financial results for the first quarter ended March 31, 2020.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "I am very proud of the entire RBI family through these early days of the COVID-19 crisis. Our teams have taken thoughtful and immediate actions to protect and serve our guests and our restaurant owners have shown great resilience in overcoming the challenges we all face. In particular, we have worked very closely with our restaurant owners to help them and their team members weather this global crisis."

"We are fortunate to have drive-thru, take-out, mobile order and payment, curbside and delivery options in many of our restaurants that have allowed us to be a safe, trusted and...

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May 1 9:39 AM, General News


McDonald's Reports First Quarter 2020 Results

McDonald's Corporation today announced results for the first quarter ended March 31, 2020.

"Following our strong performance in 2019, McDonald's began 2020 with exceptional global momentum, and our January and February sales were reflective of that trend. Since then, the global crisis caused by the COVID-19 pandemic has significantly disrupted our business, and we continue to operate in a very challenging and unpredictable environment," said McDonald's President and Chief Executive Officer Chris Kempczinski. "McDonald's has seen...

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May 1 9:32 AM, General News


Kraft Heinz Reports First Quarter 2020 Results

The Kraft Heinz Company reported first quarter 2020 financial results that reflected higher net sales and Organic Net Sales growth due to strong demand for its leading brands, as well as the impact of divestitures, unfavorable currency, and higher costs versus the prior year.

“Our first quarter results reflect how strongly our employees have responded to the global COVID-19 challenge and the exceptional level of service our teams have demonstrated during this critical time; and for that, it is an incredible privilege to be part of the Kraft Heinz Company,” said Kraft Heinz CEO Miguel Patricio. "The transformation work we kicked off...

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May 1 8:24 AM, General News


Pilgrim’s Pride Reports Q1 2020 Results 

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

First Quarter Highlights

  • Net Sales of $3.07 billion.
  • Net GAAP Income of $67.3 million, including one-time $0.09 per share gain on case settlement.
  • Operating Income margins of 4.4% in U.S., -7.3% in Mexico and 2.8% in Europe operations, respectively.
  • Adjusted EBITDA of $165.5 million, or a 5.4% margin.
  • Strong focus in execution and dedication by our team members, combined with portfolio strategy of differentiated products, strong Key Customer relationships, and diversified global footprint reducing volatility of specific market conditions, especially under unprecedented Covid-19 impact at end of first quarter...
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May 1 8:21 AM, General News


Dine Brands Global Reports First Quarter 2020 Results 

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

“As we continue to face new challenges posed by the COVID-19 pandemic, I’d like to extend a heartfelt thank you to our family of team members and franchisees for their tireless dedication and resilience. Despite the tremendous adversity we’ve seen, and will continue to see, I could not be prouder of how our teams, franchisees and brands have come together to support one another and their communities. As we work to navigate this situation together...

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May 1 8:21 AM, General News


Maple Leaf Foods Reports First Quarter 2020 Financial Results

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Apr 30 9:27 AM, General News


Starbucks Reports Q2 Fiscal 2020 Results

Starbucks Corporation reported financial results for its 13-week fiscal second quarter ended March 29, 2020. GAAP results in fiscal 2020 and fiscal 2019 include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“People around the world are united around a common cause as we navigate the COVID-19 situation globally. We are very grateful for the heroic efforts of medical personnel, first responders, government officials and volunteers who are working tirelessly in the service of others. I am exceptionally proud of...

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Apr 29 10:16 AM, General News


Yum China Reports First Quarter 2020 Results

Yum China Holdings, Inc. reported unaudited results for the first quarter ended March 31, 2020.

Impact of COVID-19 Outbreak and Mitigation Efforts

As the COVID-19 outbreak progressed, Yum China further heightened its focus on safeguarding the health and safety of its employees and customers. The Company implemented stringent health measures at its restaurants and workplaces, and provided extended healthcare and other support to employees.

First quarter operations were significantly affected by the outbreak. Working closely with local health authorities to safeguard the public, the Company began...

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Apr 29 9:46 AM, General News


FAT Brands Provides Business Update and Reports Financial Results

FAT(Fresh. Authentic. Tasty.) Brands Inc. provided an update on the business as it relates to the COVID-19 pandemic and reported fiscal fourth quarter and fiscal year 2019 financial results for the 13-week and 52-week periods ending December 29, 2019.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are committed to supporting our franchise partners in these challenging times; their health and safety, along with that of their guests, remains our top priority. Our franchisees are complying with all state and local regulations, temporarily closing dining rooms and shifting to a take-out and delivery model only, where it makes sense. We are helping franchisees to acquire...

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Apr 29 8:20 AM, General News


Chipotle Announces First Quarter 2020 Results 

Chipotle Mexican Grill, Inc. reported financial results for its first quarter ended March 31, 2020.

First quarter highlights, year over year:

  • Revenue increased 7.8% to $1.4 billion
  • Comparable restaurant sales increased 3.3% with a 1.4% decrease in transactions including a 1.3% leap day benefit
  • Through the end of February, comparable restaurant sales increased 14.4% with 10.7% transactions growth including a 2.1% leap day benefit and a restaurant level operating margin of 21.8%
  • Comparable restaurant sales during the month of March were negatively impacted by the impact of COVID-19, resulting in a decline of...
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Apr 24 8:18 AM, General News


Grubhub Provides Business Update During COVID-19 Pandemic 

Grubhub Inc., a leading online and mobile food-ordering and delivery marketplace, announced it will release first quarter 2020 earnings results after the market close on Wednesday, May 6, 2020.

The company also today provided a brief business update due to the extraordinary circumstances stemming from the COVID-19 pandemic.

Founder and CEO Matt Maloney and Adam DeWitt, President and CFO, released the following business update...

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Apr 14 8:16 AM, General News


Kraft Heinz Provides Business Update Relating to COVID-19 Outbreak

As communities around the world struggle to cope with the real-life implications of the Coronavirus (COVID-19) outbreak, The Kraft Heinz Company is providing an update on its response to the pandemic, the rescheduling of its upcoming Investor Day and business impacts to date, ahead of its first quarter 2020 earnings call later this month.

Response to the Outbreak

“Right now, our mission as a company has never been clearer: we have a huge responsibility to keep feeding the world,” said CEO Miguel Patricio. “Each leader on our team is focused on making the Company and our global business as flexible and agile as possible to meet demand forecasts that are...

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Apr 7 8:58 AM, General News


Cal-Maine Foods Reports Third Quarter Fiscal 2020 Results

Cal-Maine Foods, Inc. reported results for the third quarter ended February 29, 2020.

Net sales for the third quarter of fiscal 2020 were $345.6 million, a 10.0 percent decrease, compared to $384.0 million for the third quarter of fiscal 2019. The Company reported net income of $13.7 million, or $0.28 per basic and diluted share, for the third quarter of fiscal 2020, compared to net income of $39.8 million, or $0.82 per basic and diluted share, for the third quarter of fiscal 2019.

For the thirty-nine weeks ended February 29, 2020, net sales were $898.3 million compared to $1,080.6 million for the prior-year period. The Company reported net loss of $42.1 million, or...

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Mar 30 8:46 AM, General News


Wendy's Provides Coronavirus Update and Actions Taken

The Wendy's Company announced an update on the impact of the COVID-19 pandemic on the Company's business.

"This is an unprecedented time, and we are focused on the actions where we can make a positive difference. To that end, we have taken several precautionary steps to advance public health goals, maintain essential access to high quality food, support our franchisees, and safeguard our team members and customers from the spread of COVID-19," said President and CEO Todd Penegor. "As we navigate any challenges we face, we'll do it...

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Mar 27 8:21 AM, General News


Darden Restaurants Reports Fiscal 2020 Third Quarter Results

Darden Restaurants, Inc., reported its financial results for the third quarter ended February 23, 2020.

Third Quarter 2020 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

Total sales increased 4.5% to $2.35 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 2.3%

Same-restaurant sales by brand:

  • +2.1% for Olive Garden
  • -1.6% for Cheddar's Scratch Kitchen
  • +3.9% for LongHorn Steakhouse...
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Mar 20 8:21 AM, General News


United Natural Foods Reports Second Quarter Fiscal 2020 Results

United Natural Foods, Inc. reported financial results for the second quarter of fiscal 2020 (13 weeks) ended February 1, 2020.

Second Quarter Fiscal 2020 Highlights

  • Net Sales of $6.14 billion compared to $6.15 billion in last year's fiscal second quarter
  • Total outstanding net debt reduced by $149 million compared to the first quarter of fiscal 2020
  • Gross margin rate increased compared to last year's fiscal second quarter
  • Second quarter GAAP and adjusted results include charges of $0.44 per diluted share associated with three customer bankruptcies
  • Update to...
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Mar 12 8:30 AM, General News


Weis Markets Reports Results for 2019 and Fourth Quarter

Weis Markets reported total sales of over $3.5 billion for the 52-week period ended December 28, 2019, up 1.0 percent compared to the same period a year ago, while annual comparable store sales increased 1.5 percent. Income from operations increased $2.0 million, or 2.4 percent to $84.6 million over the same period in 2018.

The Company's net income for fiscal year 2019 increased 8.4 percent to $68.0 million compared to $62.7 million in 2018 while earnings per share for the same period increased $0.20 to $2.53 per share.

The Company's 2019 sales and comparable-store sales continued to benefit from investments in its Low, Low Price (LLP) program which offers price reductions on 7,000 private-brand items. The Company's sales also benefited from...

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Mar 12 8:23 AM, General News


Kroger Delivers on Key 2019 Commitments

The Kroger Co. reported its fourth quarter and Fiscal Year 2019 results and will update investors on how the Restock Kroger framework is repositioning the company to create value for shareholders, customers and associates.

Comments from Chairman and CEO Rodney McMullen

"We are pleased with our 2019 results and improving trends in our supermarket business. We delivered on our commitments for ID sales without fuel, adjusted FIFO operating profit, and cost savings in addition to generating over $100 million of incremental operating profit through alternative profit streams in 2019. We also delivered strong adjusted free cash flow during...

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Mar 5 10:09 AM, General News


Beyond Meat Reports Fourth Quarter and Full Year 2019 Financial Results

Beyond Meat, Inc. reported financial results for its fourth quarter and full year ended December 31, 2019.

Fourth Quarter 2019 Financial Highlights Compared to Prior Year Period

  • Net revenues were $98.5 million, an increase of 212%, compared to net revenues of $31.5 million in the year-ago period;
  • Gross profit was $33.5 million, or 34.0% of net revenues, compared to gross profit of $7.9 million, or 25.0% of net revenues, in the year-ago period;
  • Net loss was $0.5 million, or $0.01 per common share, compared to net loss of $7.5 million, or $1.10 per common share in the year-ago period; and...
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Feb 28 8:23 AM, General News


Sanderson Farms Reports Results for First Quarter of Fiscal 2020

Sanderson Farms, Inc. reported results for the first quarter of fiscal 2020.

Net sales for the first quarter of fiscal 2020 were $823.1 million compared with $743.4 million for the same period a year ago. The Company reported a net loss of $38.6 million, or $1.76 per share, for the quarter compared with a net loss of $17.8 million, or $0.82 per share, for the first quarter of fiscal 2019.

“Our results for the first quarter reflect continued challenging market conditions with market prices for boneless breast meat produced at our plants that process larger birds for food service customers reaching record low levels in January,” said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. “However, average prices for tray pack products sold to...

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Feb 27 9:55 AM, General News


Papa John’s Announces Fourth Quarter 2019 Results

Papa John’s International, Inc. today announced financial results for the three months and full year ended December 29, 2019.

Highlights

  • Fourth quarter 2019 loss per diluted share of ($0.18) and adjusted earnings per diluted share, excluding the impact of Special items, of $0.37 versus fourth quarter 2018 loss per diluted share of ($0.41) and adjusted earnings per diluted share of $0.18
  • Full Year 2019 loss per diluted share of ($0.24) and adjusted earnings per diluted share, excluding the impact of Special items, of $1.17 versus full year 2018 earnings per diluted share of $0.08 and...
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Feb 26 12:07 PM, General News


Wendy's Reports Fourth Quarter And Full Year 2019 Results

The Wendy's Company reported results for the fourth quarter and fiscal year ended December 29, 2019.

"We delivered a very strong year of sales growth and have laid the foundation in 2019 to set the Wendy's brand up for future success," President and Chief Executive Officer Todd Penegor said. "We have momentum in our business as evidenced by our accelerating sales growth in the second half of the year, which sets us up well going into 2020. Our focus remains on efficient, accelerated growth behind our three major growth pillars: entering the breakfast daypart, growing our digital business, and expanding...

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Feb 26 9:55 AM, General News


Shake Shack Announces Fourth Quarter and Fiscal 2019 Financial Results

Shake Shack Inc. reported financial results for the fourth quarter and the fiscal year ended December 25, 2019, periods that included 13 and 52 weeks, respectively.

Financial Highlights for the Fourth Quarter 2019:

  • Total revenue increased 21.9% to $151.4 million.
  • Shack sales increased 20.8% to $145.8 million.
  • Same-Shack sales decreased 3.6%.
  • Licensed revenue increased 58.6% to $5.6 million.
  • Shack system-wide sales increased 31.4% to...
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Feb 25 11:55 AM, General News


Cracker Barrel Reports Second Quarter Fiscal 2020 Results

Cracker Barrel Old Country Store, Inc. reported its financial results for the second quarter ended January 31, 2020.

Second Quarter Fiscal 2020 Highlights

  • Comparable store restaurant sales growth of 3.8% and traffic of -0.2% outperformed the casual dining industry. Comparable store retail sales increased 1.3%.
  • Operating income was $79.1 million, a 3.2% increase compared to the prior year.
  • GAAP earnings per diluted share were $2.55, which includes an unfavorable impact to...
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Feb 25 8:47 AM, General News


Dine Brands Global Reports Solid Fourth Quarter and Full-Year 2019 Results

Dine Brands Global, the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, today announced financial results for the fourth quarter and fiscal 2019.

“This past year for Dine Brands was defined by several significant achievements. Notably, we successfully completed a $1.3 billion refinancing of our existing debt through a securitization. We delivered a significant increase in net income of 30%, which resulted in strong growth in adjusted EBITDA of 19% for the year. Our franchised business model continued to generate robust adjusted free...

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Feb 24 10:05 AM, General News


Jack in the Box Reports First Quarter FY 2020 Earnings

Jack in the Box Inc. reported financial results for the first quarter ended January 19, 2020.

Jack in the Box system same-store sales increased 1.7 percent for the quarter. Company same-store sales increased 2.9 percent in the first quarter driven by average check growth of 2.6 percent and transaction growth of 0.3 percent.

Lenny Comma, chairman and chief executive officer, said, "Our same-store sales growth in the first quarter resulted from guests continuing to respond favorably to our breadth of promotions, including compelling bundles at competitive price points and innovation on products guests crave. Looking to the remainder of 2020, we reiterate our annual targets as we...

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Feb 21 9:32 AM, General News


Ruth’s Hospitality Group Reports Fourth Quarter and Fiscal Year 2019 Financial Results

Ruth’s Hospitality Group, Inc. reported unaudited financial results for its fourth quarter and fiscal year ended December 29, 2019.

Highlights for the fourth quarter of 2019 were as follows:

  • Total revenues in the fourth quarter of 2019 increased 6.2% to $135.0 million, compared to $127.2 million in the fourth quarter of 2018.
  • Net income in the fourth quarter of 2019 decreased 2.7% to $14.5 million, or $0.50 per diluted share, compared to net income of $14.9 million, or $0.49 per diluted share, in the...
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Feb 21 9:24 AM, General News


Pilgrim's Pride Reports Fourth Quarter and Year-End Financial Results

Pilgrim’s Pride Corporation reports fourth quarter and year-end 2019 financial results.

2019 Highlights

  • Operating Income margins of 6.4% in U.S., 8.9% in Mexico and 3.3% in Europe operations, respectively.
  • Net Income of $455.9 million, or an 84% increase from last year.
  • Adjusted EBITDA of $973.8 million, a 22% increase over 2018, or an 8.5% margin.
  • Portfolio strategy and geographic diversification reducing the impact of challenging specific market conditions. EBITDA outpacing the industry competition, driven by improved execution and increased operating performance across all business units, including the U.S., Mexico and Europe.
  • Operating results from...
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Feb 21 8:28 AM, General News


Hormel Foods Reports First Quarter Results

Hormel Foods Corporation reported results for the first quarter of fiscal 2020. All comparisons are to the first quarter of fiscal 2019 unless otherwise noted. The impact of the CytoSport divestiture is excluded in the presentation of the non-GAAP measures below.

Executive Summary

  • Volume of 1.2 billion lbs., down 1%; organic volume1 up 2%
  • Net sales of $2.4 billion, up 1%; organic net sales1 up 4%
  • Pretax earnings of $290 million, down 5% primarily due to the divestiture of CytoSport
  • Operating margin of 11.8%, compared to...
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Feb 21 8:17 AM, General News


The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2019 

The Cheesecake Factory Incorporated today reported financial results for the fourth quarter of fiscal 2019, which ended on December 31, 2019.

Total revenues were $694.0 million in the fourth quarter of fiscal 2019 compared to $585.2 million in the fourth quarter of fiscal 2018. Net income and diluted net income per share were $48.7 million and $1.10, respectively, in the fourth quarter of fiscal 2019. The results in this press release include the acquisition of North Italia and the remaining business of Fox Restaurant Concepts LLC on October 2, 2019.

Bottom line results of the core business were within the Company’s guidance range and the impact from the acquisition to fourth quarter results was also within...

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Feb 20 11:43 AM, General News


SpartanNash Announces Fourth Quarter and Fiscal 2019 Financial Results

SpartanNash reported financial results for its 12-week fourth quarter and 52-week fiscal year ended December 28, 2019.

Fourth Quarter Fiscal 2019 Highlights

  • Net sales growth of 5.3%, to $2.00 billion from $1.90 billion in the prior year quarter, representing the fifteenth consecutive quarter of growth.
  • Retail comparable store sales of 0.5%, were positive for the second consecutive quarter.
  • EPS of $0.15 per share; Adjusted EPS of $0.23, including $0.11 in CEO transition and supplemental incentive program costs.
  • Significant working capital improvements over the prior year, including over...
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Feb 20 10:07 AM, General News


Domino's Pizza Announces Fourth Quarter and Fiscal 2019 Financial Results

Domino's Pizza announced results for the fourth quarter and fiscal 2019, comprised of growth in global retail sales, same store sales and earnings per share. Global retail sales increased 6.9% in the fourth quarter, or 7.6% excluding foreign currency impact. Global retail sales increased 5.7% in fiscal 2019, or 8.0% excluding foreign currency impact. U.S. same store sales grew 3.4% during the quarter and 3.2% for the full year, continuing the positive sales momentum in the Company's U.S. stores business.

The international business also posted positive results, with same store sales growth of 1.7% during the quarter and 1.9% for the full year. The fourth quarter marked the 104th consecutive quarter of international same store sales growth and the 35th consecutive quarter of...

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Feb 20 9:51 AM, General News


Marfrig Reports Record-High Results for Q4

Marfrig Global Foods S.A. announced its results for the fourth quarter of 2019 (4Q19). Except where stated otherwise, the following operating and financial information is presented in nominal Brazilian real, in accordance with International Financial Reporting Standards (IFRS), and should be read together with the financial statements and respective notes for the period ended December 31, 2019 filed at the Securities and Exchange Commission of Brazil (CVM).

To improve comparisons, the results herein are identified as “proforma,” i.e., including 100% of the results of Quickfood, Várzea Grande and Iowa Premium in 4Q18. Results described as...

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Feb 20 8:29 AM, General News


Walmart Releases Q4 and FY20 Full-Year Earnings

Fourth-quarter highlights

  • Total revenue was $141.7 billion, an increase of $2.9 billion, or 2.1%.
  • Walmart U.S. comp sales increased on a two-year stacked basis by 6.0% with continued strength in food and consumables.
  • Walmart U.S. eCommerce had strong growth in grocery pickup and delivery, and walmart.com had its highest quarterly growth rate of the year.
  • Sam’s Club comp sales increased 0.8%, and eCommerce sales grew 33%. Reduced tobacco sales negatively affected comp sales by approximately 300 basis points.
  • Net sales at Walmart International were...
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Feb 18 9:43 AM, General News


Kraft Heinz Reports Fourth Quarter and Full Year 2019 Results

The Kraft Heinz Company today reported fourth quarter and full year 2019 financial results.

“While our 2019 results were disappointing, we closed the year with performance consistent with our expectations, and driven by factors we anticipated,” said Kraft Heinz CEO Miguel Patricio. "We have taken critical actions over the past six months to re-establish visibility and control over the business. And we remain convinced Kraft Heinz has the potential to achieve best-in-class financial performance as we begin transforming our capabilities and making necessary investments in our brands based on deep consumer insights. Our turnaround will take time, but we expect to make significant progress in 2020, laying a strong foundation for future growth.”

Q4 2019 Financial Summary

Net sales were $6.5 billion, down 5.1 percent versus the year-ago period, including a negative 2.3 percentage point impact from divestitures and...

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Feb 13 9:14 AM, General News


US Foods Reports Fourth Quarter and Fiscal Year 2019 Earnings

US Foods Holding Corp. announced results for the fourth quarter and full fiscal year 2019. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from the Food Group of Companies (the "Food Group"), which was acquired on Sept. 13, 2019.

Fourth Quarter Fiscal 2019 Highlights

  • Total case volume increased 12.3%; independent restaurant case volume increased 11.9%
  • Total organic case volume increased 0.4%; independent restaurant organic case volume increased 2.9%
  • Net sales increased 14.8% to $6.9 billion; organic Net sales increased 3.0% to $6.2 billion
  • Gross profit increased 13.3% to $1.2 billion
  • Income from continuing operations before income taxes decreased $10 million to...
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Feb 11 10:03 AM, General News


Restaurant Brands International Reports Full Year and Fourth Quarter 2019 Results

Restaurant Brands International Inc. today reported financial results for the full year and fourth quarter ended December 31, 2019.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "We have three iconic restaurant brands that are together growing rapidly around the world. Last year, we shared a long-term aspiration to build the most loved restaurant brands in the world and have more than 40,000 restaurants open within 8-10 years. I'm proud that our 2019 results have us solidly on track."

"Burger King delivered its strongest year of restaurant growth in the last two decades. Popeyes launched an iconic Chicken Sandwich that has proven to be a game changer for the brand in every way. At Tim Hortons, our performance did not...

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Feb 10 9:36 AM, General News


Yum! Brands Reports Solid Fourth-Quarter Results

Yum! Brands, Inc. today reported results for the fourth-quarter and year ended December 31, 2019. Fourth-quarter GAAP EPS was $1.58, an increase of 51%. Full-year GAAP EPS was $4.14, a decrease of (12)%. Fourth-quarter EPS excluding Special Items was $1.00, an increase of 148%. Full-year EPS excluding Special Items was $3.55, an increase of 12%.

David Gibbs & Chris Turner Comments

David Gibbs, CEO, said “I am proud to announce that we completed our three-year transformation of Yum!, having achieved all of our transformation goals and evolved into a more focused, more franchised and more efficient business. 2019 was a truly historic year for our company. For the full-year, we generated over $50 billion in system sales and ended the year with over...

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Feb 6 10:40 AM, General News


Yum China Reports Fourth Quarter and Fiscal Year 2019 Results

Yum China Holdings, Inc. today reported unaudited results for the fourth quarter and year ended December 31, 2019. Reported GAAP results include Special Items, which are excluded from adjusted measures. Special Items are not allocated to any segment and therefore only impact reported GAAP results of Yum China. See "Reconciliation of Reported GAAP Results to Adjusted Measures" within this release.

Fourth Quarter Highlights

  • Total revenues increased 6% year over year to $2.03 billion from $1.91 billion (8% increase excluding foreign currency translation ("F/X")).
  • Total system sales grew 8% year over year, with growth of 10% at KFC and 1% at Pizza Hut, excluding F/X.
  • Same-store sales grew 2% year over year, with a 3% increase at KFC and flat same-store sales at...
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Feb 6 10:15 AM, General News


Dunkin' Brands Reports Fourth Quarter and Fiscal Year 2019 Results

Dunkin' Brands Group, Inc., the parent company of Dunkin' and Baskin-Robbins (BR), today reported results for the fourth quarter and fiscal year ended December 28, 2019.

"Our strong performance in 2019 is indicative of the progress we're making to transform our two beloved brands around the world. All business segments delivered positive comparable store sales growth in the fourth quarter and for the fiscal year, reflecting broad-based momentum across the system," said Dave Hoffmann, Dunkin' Brands Chief Executive Officer. "We had a strong finish to the year, led by Dunkin' U.S. comparable store sales growth of 2.8 percent in the fourth quarter, the...

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Feb 6 9:59 AM, General News


Tyson Foods Reports First Quarter 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:

First Quarter Highlights

  • GAAP EPS of $1.52, up 1% from prior year; Adjusted EPS of $1.66, up 5% from prior year
  • GAAP operating income of $826 million, up 2% from prior year
  • Adjusted operating income of $894 million, up 6% from prior year...
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Feb 6 9:39 AM, Urner Barry


Performance Food Group Reports Second-Quarter and First-Half Fiscal 2020 Results

Performance Food Group Company today announced its second-quarter and first-half fiscal 2020 business results.

“After a strong start to the year, I am pleased that our business momentum continued into the second quarter. Our results were driven by solid top-line performance and strong EBITDA contribution from both the Vistar and Foodservice segments,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “We are pleased with the broad-based profit contribution across our operating segments and are excited to have closed the Reinhart acquisition as planned. The early integration of Reinhart is proceeding very well, and we remain on track for...

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Feb 5 11:39 AM, General News


Chipotle Announces Fourth Quarter and Full Year 2019 Results

Chipotle Mexican Grill, Inc. today reported financial results for its fourth quarter and fiscal year ended December 31, 2019.

Fourth quarter highlights, year over year:

  • Revenue increased 17.6% to $1.4 billion
  • Comparable restaurant sales increased 13.4% with no net impact from loyalty deferral, and included 8.0% comparable restaurant transactions growth
  • Digital sales grew 78.3% and accounted for 19.6% of sales
  • Restaurant level operating margin was 19.2%, an increase of...
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Feb 5 10:12 AM, General News


Aramark Reports First Quarter Results

Aramark today reported first quarter fiscal 2020 results.

"Our financial performance in the quarter largely materialized as expected and reflects the early actions of our strategies to unlock the economic potential of the business," said John Zillmer, Aramark's Chief Executive Officer. "In just a few short months, we have mobilized strategic leadership changes and targeted investments, as well as realigned resources to more directly support our field organization and clients—all of which creates catalysts to drive future growth in the business."

First Quarter Results

Consolidated Revenue was $4.3 billion in the quarter, down 0.3% year-over-year, primarily due to approximately six weeks of...

 

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Feb 4 9:56 AM, General News


Sysco Reports Second Quarter Fiscal 2020 Results

Sysco Corporation today announced financial results for its 13-week second fiscal quarter ended December 28, 2019.

Second Quarter Fiscal 2020 Highlights

  • Sales increased 1.8% to $15.0 billion
  • Gross profit increased 2.0% to $2.8 billion; gross margin increased 5 basis points
  • Operating income increased 22.3% to $552.5 million; adjusted operating income increased 3.9% to $626.9 million
  • EPS increased $0.23 to $0.74; adjusted EPS increased $0.10 to $0.85

First Half Fiscal 2020 Highlights

  • Sales increased 1.2% to $30.3 billion
  • Gross profit increased...
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Feb 3 9:40 AM, General News


Amazon Announces Fourth Quarter Sales Up 21% to $87.4 Billion

Amazon.com, Inc. today announced financial results for its fourth quarter ended December 31, 2019.

Operating cash flow increased 25% to $38.5 billion for the trailing twelve months, compared with $30.7 billion for the trailing twelve months ended December 31, 2018. Free cash flow increased to $25.8 billion for the trailing twelve months, compared with $19.4 billion for the trailing twelve months ended December 31, 2018. Free cash flow less principal repayments of finance leases and financing obligations increased to $16.2 billion for the trailing twelve months, compared with $11.6 billion for the trailing twelve months ended December 31, 2018. Free cash flow less equipment finance...

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Jan 31 9:54 AM, General News


Starbucks Reports Q1 Fiscal 2020 Results

Starbucks Corporation today reported financial results for its 13-week fiscal first quarter ended December 29, 2019. GAAP results in fiscal 2020 and fiscal 2019 include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“Building on solid business momentum from fiscal 2019, Starbucks performed very well throughout the first quarter, including one of the strongest holiday seasons in the history of our company. As a result, we are off to a strong start in fiscal 2020,” said Kevin Johnson, president and ceo. “Our growth was fueled by a healthy balance of comparable sales growth and new store development, as well as...

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Jan 29 10:08 AM, General News


McDonald's Reports Fourth Quarter and Full Year 2019 Results 

McDonald's Corporation today announced results for the fourth quarter and year ended December 31, 2019.

"2019 marked a year of significant milestones for McDonald's - including surpassing $100 billion in Systemwide sales and achieving our highest global comparable sales growth in over a decade," said McDonald's President and Chief Executive Officer Chris Kempczinski. "Through the execution of our Velocity Growth Plan, we once again served more customers the food they crave, marking three consecutive years of global comparable guest count growth."

Fourth quarter highlights...

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Jan 29 9:42 AM, General News


Cranswick Releases Financial Results 

Cranswick plc released an unscheduled trading update.

Current trading

The Group’s Adjusted Profit Before Tax (under IFRS16, pre-exceptionals) for the year ending 31 March 2020 is now expected to be higher than current market forecasts.

The interim results announcement dated 26 November 2019 stated the Group had delivered a robust performance, in a competitive UK market. That performance, and market backdrop, in the UK continued...

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Jan 17 9:10 AM, General News


Albertsons Companies Reports Third Quarter Results

Albertsons Companies, Inc. reported results for the third quarter of fiscal 2019, which ended November 30, 2019.

Third Quarter of Fiscal 2019 Highlights

  • Identical sales growth of 2.7%; marked the eighth consecutive quarter of identical sales growth
  • Net income of $55 million
  • Adjusted EBITDA of $634 million, slightly ahead of our expectations
  • Own Brands sales penetration reached a new high of 25.6%
  • Online home delivery and Drive Up and Go sales growth of...
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Jan 9 8:15 AM, General News


Cargill Reports Fiscal 2020 Second-Quarter Results

Cargill today reported results for the fiscal 2020 second quarter ended Nov. 30, 2019. Key measures include:

  • Adjusted operating earnings were $1.02 billion, up 19% from $853 million last year. For the first half of the year, this brought adjusted earnings to $1.93 billion.
  • Net earnings on a U.S. GAAP basis for the quarter were $1.19 billion, up 61% from a year ago. The increase included gains from divesting Cargill’s malt business and financial subsidiary, CarVal Investors. Net earnings for the first half climbed 20% to $2.11 billion.
  • Second-quarter revenues rose 4% to $29.2 billion. Six-month revenues totaled $58.2 billion, a 3% rise.

“We saw very good execution from our global teams throughout the quarter, as they focused on delivering...

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Jan 7 9:34 AM, General News


Cal-Maine Foods Reports Second Quarter Fiscal 2020 Results

Cal-Maine Foods, Inc. today reported results for the second quarter (thirteen weeks) ended November 30, 2019.

Net sales for the second quarter of fiscal 2020 were $311.5 million, a 12.5 percent decrease, compared to $356.0 million for the second quarter of fiscal 2019. The Company reported net loss of $10.1 million, or $0.21 per basic and diluted share, for the second quarter of fiscal 2020, compared to net income of $21.8 million, or $0.45 per basic and diluted share, for the second quarter of fiscal 2019.

For the twenty-six weeks ended November 30, 2019, net sales were $552.7 million compared to $696.6 million for the prior-year period. The Company reported net loss of $55.8 million, or $1.15 per basic and diluted share, for...

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Jan 6 9:50 AM, General News


Sanderson Farms, Inc. Reports Results for Fourth Quarter and Fiscal 2019

Sanderson Farms, Inc. today reported results for the fourth quarter and fiscal year ended October 31, 2019.

Net sales for the fourth quarter of fiscal 2019 were $906.5 million compared with $798.1 million for the same period a year ago. For the quarter, the Company reported a net loss of $22.9 million, or $1.05 per share, compared with a net loss of $ 43.2 million, or $1.95 per share, for the fourth quarter of fiscal 2018.

Net sales for fiscal 2019 were $3.440 billion compared with $3.236 billion for fiscal 2018. Net income for the fiscal year totaled $53.3 million, or $2.41 per share, compared with...

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Dec 19 10:07 AM, General News


Conagra Brands Reports Solid Second Quarter Results

Today Conagra Brands, Inc. reported results for the second quarter of fiscal year 2020, which ended on November 24, 2019. All comparisons are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including "Organic net sales," "EBITDA," "Free cash flow," and certain "adjusted" results, are defined under the section entitled "Definitions." See page 6 for more information.

Highlights

  • Second quarter net sales increased 18.3%; organic net sales increased 1.6%, with positive organic net sales growth in each reporting segment.
  • Diluted earnings per share from continuing operations (EPS) was $0.53 in the quarter; adjusted EPS was $0.63, with...
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Dec 19 9:02 AM, General News


United Natural Foods Reports First Quarter Fiscal 2020 Results

United Natural Foods reported financial results for the first quarter of fiscal 2020 (13 weeks) ended November 2, 2019.

First Quarter Fiscal 2020 Highlights

  • Net Sales Increased to $6.0 billion, including an incremental $3.1 billion from SUPERVALU
  • Re-affirms guidance for full year net sales, Adjusted EPS, and Adjusted EBITDA
  • Balance sheet reflects addition of approximately $1 billion in operating lease assets and liabilities as UNFI adopts...
Full Story »
Dec 11 9:12 AM, General News




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