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TGI Fridays Credits Digital Innovation, Craveable Menu for Industry-Leading Performance

TGI Fridays®, the world's first and most recognized casual bar and grill, today announced its year-to-date financial results with 41 consecutive weeks of same-store sales growth versus pre-pandemic numbers in 2019 and double-digit growth in the back half of 2021. This industry-leading performance is driven by its digital channels, where year-to-date sales volumes are up 290 percent compared to 2019; new revenue streams through virtual restaurants; and continuing to offer the craveable food guests have come to love...

 

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Jan 21 1:12 PM, General News



Albertsons Companies, Inc. Reports Third Quarter Fiscal 2021 Results

Albertsons Companies, Inc. today reported results for the third quarter of fiscal 2021, which ended December 4, 2021.

Third Quarter of Fiscal 2021 Highlights

- Identical sales increased 5.2%; on a two-year stacked basis identical sales growth was 17.5%
- Digital sales increased 9%; on a two-year stacked basis digital sales growth was 234%
- Net income of $425 million, or $0.74 per Class A common share
- Adjusted net income of $457 million, or $0.79 per Class A common share
- Adjusted EBITDA of $1,051 million..

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Jan 12 7:53 AM, General News


Cal-Maine Foods Reports Second Quarter Fiscal 2022 Results

Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the second quarter of fiscal 2022 (thirteen weeks) and 26-week period ended November 27, 2021.

Net sales in the second quarter of fiscal 2022 increased 12.5 percent to $390.9 million compared to $347.3 million in the second quarter of fiscal 2021. The Company reported net income of $1.2 million, or $0.02 per basic and diluted common share, for the second quarter of fiscal 2022, compared to net income of $12.2 million, or $0.25 per...

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Dec 29 8:16 AM, General News


Hormel Foods Reports Record Fourth Quarter Sales And Earnings 

Hormel Foods Corporation, a leading global branded food company, today reported results for the fourth quarter of fiscal 2021. The fourth quarter and full year of 2021 contain an extra week as compared to the prior year. All comparisons are to the fourth quarter of fiscal 2020 unless otherwise noted.

EXECUTIVE SUMMARY - FOURTH QUARTER

- Volume of 1.4 billion lbs., up 14%; organic volume1 up 8%
- Record net sales of $3.5 billion, up 43%; organic net sales1 up 32%
- Operating income of $358 million, up 29%
- Operating margin of 10.4%...

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Dec 10 7:57 AM, General News


Kroger Reports Third Quarter 2021 Results and Raises Full-Year Guidance

The Kroger Co. today reported its third quarter 2021 results and will update investors on how key initiatives are positioning the company for long-term sustainable growth.

Comments from Chairman and CEO Rodney McMullen

"Kroger's strategy to lead with fresh and accelerate with digital continues to connect with our customers. Our agility, and the commitment from our amazing associates, is allowing us to navigate current labor and supply chain conditions and provide the freshest food at affordable prices across our store and digital ecosystem.

"Our focus on execution, combined..."

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Dec 2 9:37 AM, General News


Jack in the Box Inc. Reports Fourth Quarter and Full-Year 2021 Earnings

Jack in the Box Inc. announced financial results for the fourth quarter ended October 3, 2021, comprised of growth in systemwide sales, same store sales and earnings per share.

"I am very proud of the execution and determination shown by our outstanding franchisees and corporate team members, continuing to deliver for our guests during a challenging operating environment,” said Darin Harris, Jack in the Box Chief Executive Officer. “We closed the year with strong comps on a two-year basis of +12.3% in Q4, leading us..."

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Nov 29 8:00 AM, General News


Cracker Barrel Reports First Quarter Fiscal 2022 Results and Declares Quarterly Dividend

Cracker Barrel Old Country Store, Inc. today reported its financial results for the first quarter of fiscal 2022 ended October 29, 2021.

First Quarter Fiscal 2022 Highlights

- Compared to the first quarter of fiscal 20191, comparable store restaurant sales increased 1.4% and comparable store retail sales increased 17.6%.
- Comparable store off-premise restaurant sales grew 168% compared to the first quarter of 20191 and represented approximately 20% of restaurant sales.
- GAAP operating income in the first quarter was $42.9 million, or 5.5% of total revenue...

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Nov 23 8:19 AM, General News


Nathan's Famous, Inc. Reports Second Quarter Results

Nathan's Famous, Inc. today reported results for its second fiscal quarter ended September 26, 2021.

For the fiscal quarter ended September 26, 2021:

- Revenues were $32,878,000 as compared to $21,839,000 during the thirteen weeks ended September 27, 2020;
- Income from operations was $7,439,000 as compared to $7,584,000 during the thirteen weeks ended September 27, 2020;
- Adjusted EBITDA, a non-GAAP financial measure, was $7,771,000 as compared to $8,040,000 for the thirteen weeks ended September 27, 2020;
- Income before provision for income taxes was $4,821,000 as...

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Nov 18 8:00 AM, General News


Aramark Reports Fourth Quarter and Fiscal Year 2021 Results

Aramark today reported fourth quarter and full-year fiscal 2021 results.

"Our fourth quarter and full year results reflected the progress we have made across our business as organic revenue reached 87% of pre-COVID levels. The Company achieved record Net New Business performance across lines of business, geographies, and client size—demonstrating the execution of our strategic growth initiatives, which we are confident will position Aramark to drive higher sustainable growth and create meaningful value for our stakeholders," said John Zillmer, Aramark's Chief Executive Officer...

 

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Nov 17 8:00 AM, General News


Tyson Foods Reports Fourth 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, today reported the following results:

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). Adjusted sales, adjusted operating income and adjusted net income per share attributable to Tyson (Adjusted EPS) are non-GAAP financial measures. Refer to the end of this release for an explanation and reconciliation of these and other non-GAAP...



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Nov 15 8:31 AM, General News


Dine Brands Global, Inc. Reports Third Quarter 2021 Results

Dine Brands Global, Inc., the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, today announced financial results for the third quarter of 2021.

“This was another strong quarter for Dine Brands. We recorded a second consecutive period of both IHOP and Applebee’s beating their competitive sets, average weekly sales for both brands exceeded 2019 pre-pandemic levels, and we delivered a 48% increase in quarter-over-quarter EBITDA. The strength of our two world-class brands, combined with the benefits of our asset-lite business model..."

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Nov 10 8:00 AM, General News


Sysco Delivers Strong First Quarter Results; Reiterating Fiscal Year 2022 Guidance

Sysco Corporation today announced financial results for its 13-week first fiscal quarter ended October 2, 2021.

Key highlights for the first quarter of fiscal year 2022:

- Strong sales growth of 8% compared to 2019 levels, with meaningful market share gains;
- October sales growth of 10% compared to 2019 levels, continuing Q1 sequential sales improvement;
- Generated EBITDA comparable to pre-COVID 2019 levels;
- Inflation effectively managed, despite the dynamic supply chain environment;
- Gross profit per case increases across all segments;
- Sysco’s Recipe for Growth strategy advances; and
- International operations...

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Nov 9 9:07 AM, General News


US Foods Reports Third Quarter Fiscal 2021 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the third quarter of fiscal 2021. In this press release for year to date results, we refer to certain organic financial results which exclude contributions from Smart Foodservice through April 23, 2021. Smart Foodservice was acquired on April 24, 2020.

Third Quarter Fiscal 2021 Highlights

- Total case volume increased 18.5%; independent restaurant case volume increased 25.1%
- Net sales increased 34.9% to $7.9 billion
- Gross profit increased 27.4% to $1.2 billion...


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Nov 8 8:37 AM, General News


Maple Leaf Foods Reports Third Quarter 2021 Financial Results

Maple Leaf Foods Inc. today reported its financial results for the third quarter ended September 30, 2021.

"Our meat protein business delivered exceptional results in the third quarter," said Michael H. McCain, President and CEO of Maple Leaf Foods. "Our revenue grew by over 13% and our Adjusted EBITDA grew by 22%, driven by a 90 bps improvement in margin to 13.0%, the result of outstanding execution of our strategies to become the most sustainable protein company on earth. I am grateful for the tireless commitment of our teams who are..."

 

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Nov 4 8:16 AM, General News


Wingstop Inc. Reports Fiscal Third Quarter Financial Results

Wingstop Inc. today announced financial results for the fiscal third quarter ended September 25, 2021.

Highlights for the fiscal third quarter 2021 compared to the fiscal third quarter 2020:

- System-wide sales increased 16.7% to $594.3 million
- 49 net new openings in the fiscal third quarter 2021, an increase of 13.1%
- Domestic same-store sales increased 3.9%
- Domestic restaurant AUV of approximately $1.6 million
- Digital sales were 61.6% of sales, comparable to the prior fiscal third quarter
- Total revenue increased 2.8% to $65.8 million, which was impacted by...

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Nov 3 8:17 AM, General News


Ruth’s Hospitality Group, Inc. Reports Third Quarter 2021 Financial Results

Ruth’s Hospitality Group, Inc. today reported unaudited financial results for its third quarter ended September 26, 2021 and provided a business update.

CEO Comments

Cheryl Henry, President, Chief Executive Officer and Chairperson of the Board of Ruth’s Hospitality Group, Inc., commented, “Our third quarter results demonstrated our team’s operational excellence in a challenging and dynamic environment. Our performance this quarter also reminded us of how sought after and trusted the Ruth’s Chris brand experience is.”

Henry added, “Although elevated beef costs continue to be a headwind, we are encouraged by..."

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Nov 1 8:03 AM, General News


Yum! Brands Reports Third-Quarter Results

Yum! Brands, Inc. today reported results for the third-quarter ended September 30, 2021. Worldwide system sales excluding foreign currency translation grew 8%, with 5% same-store sales and 4% unit growth. Third-quarter GAAP EPS was $1.75, an increase of 90% over the prior year quarter. Third-quarter EPS excluding Special Items was $1.22, an increase of 21% over the prior year quarter.

DAVID GIBBS COMMENTS

David Gibbs, CEO, said “Our third quarter results, led by record-breaking unit development and sustained momentum in digital sales, are a testament to the..."

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Oct 29 8:00 AM, General News


Pilgrim’s Pride Reports Third Quarter 2021 Results with Strong Growth in Sales and Adjusted EBITDA

Pilgrim’s Pride Corporation, one of the world's largest poultry producers, reports its third quarter 2021 financial results.

Third Quarter Highlights

- Net Sales of $3.83 billion, up 24% from prior year.
- Consolidated GAAP Operating Income margin of 3.2% with GAAP Operating Income margins of 2.9% in U.S., 11.5% in Mexico and marginally positive in Europe. Adjusted U.S. Operating Income margin of 8.2%.
- GAAP Net Income of $60.8 million. Adjusted Net Income of $162.5 million or adjusted EPS of $0.67...

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Oct 28 9:05 AM, General News


Kraft Heinz Reports Third Quarter 2021 Results

The Kraft Heinz Company today reported financial results for the third quarter of 2021, which reflected gains in Organic Net Sales on top of exceptionally strong growth in 2020. The Company also reported better-than-expected results, enabled by improvements in its operating model and an agile approach to managing supply and services through volatile markets.

"I am incredibly proud of our Kraft Heinz team for delivering another quarter of results that exceed our expectations, even as we face the ongoing challenges of the pandemic and, now, escalating inflation,” said Kraft Heinz CEO...

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Oct 27 8:34 AM, General News


Beyond Meat® Updates Third Quarter 2021 Outlook

Beyond Meat, Inc. today announced that the Company is reducing its third quarter net revenues outlook. The Company is proceeding through its quarterly close, and based on preliminary results, the Company now expects third quarter net revenues of approximately $106 million as compared to prior guidance of $120 million to $140 million. Although the Company’s previous third quarter guidance anticipated a sequential decline in net revenues, the deceleration was larger than anticipated. Multiple factors contributed to the shortfall during the quarter.

While the Company continues to study the drivers...

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Oct 26 7:57 AM, General News


Chipotle Announces Third Quarter 2021 Results

Chipotle Mexican Grill, Inc. today reported financial results for its third quarter ended September 30, 2021.

Third quarter highlights, year over year:

- Total revenue increased 21.9% to $2.0 billion
- Comparable restaurant sales increased 15.1%
- Digital sales grew 8.6% and accounted for 42.8% of sales
- Operating margin was 12.3%, an increase from 6.7%
- Restaurant level operating margin was 23.5% 1, an increase of 400 basis points
- Diluted earnings per share was $7.18, a 154.6% increase from $2.82. Excluding a $0.16 after-tax net impact resulting from a tax benefit, which...

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Oct 22 8:29 AM, General News


Domino's Pizza® Announces Third Quarter 2021 Financial Results

Domino's Pizza, Inc., the largest pizza company in the world, announced results for the third quarter. Global retail sales increased 10.0% in the third quarter, or 8.5% excluding foreign currency impact. U.S. same store sales decreased 1.9% during the quarter versus the year-ago period. The international business posted strong results, with same store sales growth of 8.8% during the quarter. The third quarter marked the 111th consecutive quarter of international same store sales growth. The Company had third quarter global net store growth of 323 stores, comprised of 45 net...

 

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Oct 15 8:00 AM, General News


General Mills Reports Fiscal 2022 First-Quarter Results

General Mills today reported results for the first quarter ended August 29, 2021.

“I’m proud of the way our team is performing in a dynamic and challenging operating environment,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “Our strong execution in the first quarter enabled us to deliver top- and bottom-line results ahead of our expectations. We delivered these good results while continuing to advance our Accelerate strategy, including making important progress on portfolio reshaping in the quarter.”

General Mills is executing its Accelerate strategy to drive sustainable, profitable...

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Sep 22 8:36 AM, General News


Cracker Barrel Reports Fourth Quarter And Full Year Fiscal 2021 Results And Quarterly Dividend

Cracker Barrel Old Country Store, Inc. today reported its financial results for the fourth quarter of fiscal 2021 ended July 30, 2021.

Fourth Quarter Fiscal 2021 Highlights

- Total revenue in the fourth quarter of $784.4 million was approximately flat compared to the fourth quarter of fiscal 2019 total revenue of $787.1 million.
- Compared to the fourth quarter of fiscal 2019, comparable store restaurant sales decreased 6.8% and comparable store retail sales increased 18.2%.
       - Comparable store off-premise restaurant sales grew 108.6% compared to the...

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Sep 21 8:46 AM, General News


Kroger Reports Second Quarter Results and Raises Full-Year 2021 Guidance

The Kroger Co. today reported its second quarter 2021 results and will update investors on how key initiatives are positioning the company for long-term sustainable growth.

Comments from Chairman and CEO Rodney McMullen –

"Our strategic focus on leading with fresh and accelerating with digital continues to build momentum across our business. Kroger's seamless ecosystem is working. This was evident during the quarter as we saw customers seamlessly shift between channels, and we continued to see strong digital engagement. Customers are eating more food at home because...

 

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Sep 10 9:04 AM, General News


Hormel Foods Reports Third Quarter Results and Updates Full Year Earnings Guidance Range

Hormel Foods Corporation, a leading global branded food company, today reported results for the third quarter of fiscal 2021. All comparisons are to the third quarter of fiscal 2020 unless otherwise noted.

EXECUTIVE SUMMARY – THIRD QUARTER

- Volume of 1.2 billion lbs., up 1%; organic volume1 down 2%
- Record net sales of $2.9 billion, up 20%; organic net sales1 up 14%
- Net sales growth from all four segments and all four sales channels
- Net sales up 25% compared to 2019 pre-pandemic levels
- Operating income of...

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Sep 3 8:40 AM, General News


Walmart Responds to Continued Growth by Hiring 20,000 Additional Supply Chain Associates

As our business continues evolving to meet the needs of today’s customers, having a robust supply chain is more important than ever. That’s why we’re excited to announce that our team is growing.

We released FY22 Q2 earnings last week, and they revealed just how much Walmart has grown over the past year — we had another strong quarter. Innovation across all areas of the business had a huge impact on our growth, and earlier this year, we shared plans to roll out high-tech automation systems to...

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Sep 1 8:53 AM, General News


PlantX Announces Q1 2022 Financial Results

PlantX Life Inc. (the "Company" or "PlantX") is pleased to announce its interim unaudited condensed consolidated financial results for the three months ended June 30, 2021. All amounts are reported in Canadian dollars unless otherwise stated.

First Quarter 2022 Highlights
- The Company generated gross revenue of $4,089,705 for the three month period ended June 30, 2021, an increase of $3,956,815 from the gross revenue generated in Q1 2021.

- Cost of sales for the three months ended June 30, 2021 was $2,952,592.

- Net loss was $10,283,084 of which $5,937,614...

 

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Aug 30 9:03 AM, General News


Sanderson Farms Reports Results for Third Quarter of Fiscal 2021

Sanderson Farms, Inc. reported results for the third fiscal quarter and nine months ended July 31, 2021.

Net sales for the third quarter of fiscal 2021 were $1,352.8 million compared with $956.5 million for the same period a year ago. For the quarter, the Company reported net income of $164.8 million, or $7.38 per share, compared with net income of $32.8 million, or $1.48 per share, for the third quarter of fiscal 2020.

Net sales for the first nine months of fiscal 2021 were $3,395.9 million compared with $2,624.2 million for the first nine months of fiscal 2020. Net income for the first nine months of fiscal 2021 totaled...

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Aug 27 8:38 AM, General News


Innovative Food Holdings Reports Financial Results for Second Quarter and First Half of 2021

Innovative Food Holdings, Inc. (“IVFH” or the “Company”), a leading direct-to-consumer e-commerce platform with complete multi-channel, specialty food and grocery capabilities for both consumers and professional chefs, today reported its financial results for the second quarter and first half of 2021.

“We are thrilled by the return to year-over-year growth within our specialty foodservice operations, which helped produce record second-quarter revenues and a 17% increase over the prior year period. Our foodservice business increased 148% despite continued uncertainty...

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Aug 25 8:24 AM, General News


SpartanNash Announces Second Quarter Fiscal 2021 Financial Results

SpartanNash Company reported financial results for its 12-week second quarter ended July 17, 2021.

Second Quarter Fiscal 2021 Highlights

- Net sales of $2.11 billion declined 3.6% from prior year quarter net sales of $2.18 billion, due to the prior year’s increased consumer demand related to the COVID-19 pandemic.
- Retail comparable store sales declined 2.7% for the quarter. Comparable store sales increased by 12.1% on a two-year basis, representing sequential improvement on a quarterly basis.
- EPS was $0.47 per share and adjusted...


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Aug 20 8:20 AM, General News


Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Second Quarter Ended July 11, 2021

Red Robin Gourmet Burgers, Inc. reported financial results for the quarter ended July 11, 2021.

Key Highlights

- Restaurant revenue of $272.2 million and Restaurant Level Operating Profit as a percentage of restaurant revenue (a non-GAAP metric) of 15.7%;
- Second quarter 2021 comparable restaurant revenue increased 66.3% over the same period in 2020, and decreased 2.4% compared to the same period in 2019;
- Average weekly sales per fiscal period grew by a total of $2,503 during the second quarter of 2021;
- Off-premises sales comprised 32.8%, 63.8% and...

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Aug 19 10:28 AM, General News


Performance Food Group Company Reports Fourth-Quarter and Full-Year Fiscal 2021 Results

Performance Food Group Company announced its fourth-quarter and full-year fiscal 2021 business results.

“We made consistent progress in fiscal 2021 despite the difficult operating environment,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “In addition to the strong operating results to close out the fiscal year, we made significant headway integrating Reinhart and announced the intention to acquire Core-Mark, creating one of the largest food and convenience store delivery companies in the US.

“We are incredibly pleased with our fiscal fourth quarter results, particularly the momentum we achieved in our sales growth. The quarter saw record sales. Although the labor market remains challenging...

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Aug 19 10:04 AM, General News


The Wendy's Company Reports Second Quarter 2021 Results

The Wendy's Company reported unaudited results for the second quarter ended July 4, 2021.

"We are thrilled to once again increase our 2021 financial outlook across all key financial metrics, driven by a transformative quarter that showcased our continued momentum and the overall strength of our business," President and Chief Executive Officer Todd Penegor said. "Our robust growth continued in the second quarter, as sales significantly exceeded our expectations, leading to restaurant level margins of more than 20 percent and record profits, fueling our restaurant economic model. We are also excited to meaningfully increase our 2025 Global restaurant target to 8,500 to 9,000, driven by a development commitment with...

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Aug 12 8:30 AM, General News


Aramark Reports Third Quarter Earnings

Aramark reported third quarter fiscal 2021 results.

“Our third quarter performance continues to reflect Aramark's strong competitive position and flexible business model as we help clients reopen within various stages of recovery, while also driving growth initiatives that resulted in meaningful new business wins and high levels of client retention," said John Zillmer, Aramark's Chief Executive Officer. "I am extremely proud of our team's dedication to serving clients and focusing on our growth agenda.”

THIRD QUARTER RESULTS

Consolidated revenue was $3.0 billion in the quarter, an increase of 39% year-over-year, that reflected increased levels of business activity compared to the prior year and lapping the first full quarter of...

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Aug 11 8:29 AM, General News


Sysco Delivers Robust Fourth Quarter Results and Raises FY22 Guidance Driven by Accelerating Sales

Sysco Corporation announced financial results for its 14-week fourth fiscal quarter and its fiscal year ended July 3, 2021.

Key highlights for the fourth quarter of fiscal year 2021 included:

- Sales were stronger than expected;
- Share gains continue, driven by new customer wins;
- Sysco’s Recipe for Growth strategy advances;
- Inflation effectively managed;
- Cash flow stronger than expected, even with significant inventory investments;
- International operations show...

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Aug 10 9:17 AM, General News


US Foods Reports Second Quarter Fiscal 2021 Earnings

US Foods Holding Corp. announced results for the second quarter of fiscal 2021. In this press release, we refer to certain organic financial results. Organic financial results exclude contributions from Smart Foodservice through April 23, 2021. Smart Foodservice was acquired on April 24, 2020.

Second Quarter Fiscal 2021 Highlights

- Total case volume increased 53.5%; independent restaurant case volume increased 79.1%
- Total organic case volume increased 50.3%; organic independent restaurant case volume increased 74.4%
- Net sales increased 68.0% to $7.7 billion
- Gross profit increased 74.2% to...

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Aug 10 8:26 AM, General News


Tyson Foods Reports Third 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 Nine Months Highlights

- GAAP EPS of $4.63, up 20% from prior year; Adjusted EPS of $5.98, up 61% from prior year
- GAAP operating income of $2,487 million, up...

 

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Aug 9 9:03 AM, General News


Beyond Meat Reports Second Quarter 2021 Financial Results

Beyond Meat, a leader in plant-based meat, reported financial results for its second quarter ended July 3, 2021.

Second Quarter 2021 Financial Highlights

- Net revenues were $149.4 million, an increase of 31.8% year-over-year.

- Gross profit was $47.4 million, or gross margin of 31.7% of net revenues.

- Net loss was $19.7 million or $0.31 per common share. Net loss as a percentage of net revenues was...

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Aug 9 8:22 AM, General News


Ruth’s Hospitality Group Reports Second Quarter 2021 Financial Results

Ruth’s Hospitality Group reported unaudited financial results for its second quarter ended June 27, 2021 and provided a business update.

CEO Comments

Cheryl Henry, President, Chief Executive Officer and Chairperson of the Board of Ruth’s Hospitality Group, Inc., commented, “I’m pleased to report that we posted strong operating results in the second quarter with sequential growth in comparable sales each month and continued margin improvement. We are excited about this momentum and our renewed commitment to unit growth as we expect to open seven new Company-owned or managed restaurants by the end of 2022.”

Henry added, “All in all, we are a stronger and more nimble enterprise with...

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Aug 9 8:22 AM, General News


Shake Shack Announces Second Quarter 2021 Financial Results

Shake Shack reported its financial results for the second quarter ended June 30, 2021, a period that included 13 weeks.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “We remain on the path towards full sales recovery, with total revenue up over 104% versus the second quarter of 2020. As restrictions relaxed across the country, in-Shack sales rose more than 300% year on year. The resilience of our business can be seen through the ongoing revenue improvement in our hardest hit urban Shacks, while at the same time we retained the strong business we built in our suburban Shacks. Additionally, even as more of our guests came back to meet us in person, we still grew our digital business double digits and retained approximately 80% of the digital sales versus...

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Aug 9 8:21 AM, General News


Maple Leaf Foods Reports Second Quarter 2021 Financial Results

Maple Leaf Foods reported its financial results for the second quarter ended June 30, 2021.

"As we anticipated, our second quarter faced material market headwinds and a difficult year-over-year comparable quarter due to COVID-19 effects, and yet our business delivered excellent results" said Michael H. McCain, President and CEO. "In Meat Protein, performance was impressive with sales growth of 7.4% and Adjusted EBITDA margins of 11.6%. We expect our margins to fully recover beginning in the third quarter...

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Aug 6 9:10 AM, General News


Papa John’s Announces Second Quarter 2021 Financial Results and Significant Increase in Dividend

Papa John’s International announced financial results for the three and six months ended June 27, 2021.

Second quarter 2021 highlights compared to prior year

- Total company revenues increased 11.8% to $515.0 million
- Comparable sales up 5.2% in North America and 21.2% Internationally; Global system-wide restaurant sales of $1.2 billion, up 12.2% driven by innovation, strong customer retention and accelerating domestic and international unit growth
- 55 net unit openings driven by International growth
- Loss per diluted share of ($2.30), including...

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Aug 6 8:20 AM, General News


Dine Brands Global Reports Second Quarter 2021 Results

Dine Brands Global, the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, announced financial results for the second quarter of 2021.

“Our strong second-quarter results reflect the perseverance of the Dine Brands system as comp sales for both brands improved significantly. I’m thankful to our teams who have worked so hard to serve our guests and enhance the restaurant experience,” said John Peyton, chief executive officer of Dine Brands Global, Inc.

Mr. Peyton added, “Both Applebee’s and IHOP continue to make meaningful progress in a challenging environment. Relative to 2019, Applebee’s posted its best quarterly comp sales performance in over...

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Aug 6 8:19 AM, General News


Kraft Heinz Reports Second Quarter 2021 Results

The Kraft Heinz Company reported financial results for the second quarter of 2021.

"Our second quarter results serve as a strong indicator that our Kraft Heinz team will not only deliver a stronger 2021 than we initially anticipated, but will come out of the global pandemic much stronger than we entered,” said Kraft Heinz CEO Miguel Patricio. “We continue to drive our transformation program forward, modernizing our brands and better connecting with our consumers. And while industry challenges, like cost inflation, certainly remain, the investments we are making in our people, brands, and capabilities are enabling us to...

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Aug 5 8:26 AM, General News


Weis Markets Reports Second Quarter Results

Weis Markets reported its financial results for the thirteen-week period and 26-week period ended June 26, 2021.

Net sales totaled $1.0 billion for the thirteen-week period ended June 26, 2021, compared to $1.1 billion for the same period in 2020, down 4.7 percent. Second quarter comparable store sales decreased 5.8 percent on an individual year over year basis and increased 18.3 percent on a two-year stacked basis.

The Company's second quarter net income totaled $33.5 million compared to $41.5 million in 2020, down 19.3 percent. Second quarter earnings per share totaled...

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Aug 4 9:56 AM, General News


Blue Apron Holdings, Inc. Reports Second Quarter 2021 Results

Blue Apron Holdings, Inc. announced financial results for the quarter ended June 30, 2021.

“Blue Apron’s solid second quarter results reflect, in part, the benefits of the product roadmap focused on adding variety, flexibility and choice we established two years ago. This has allowed us to continue to attract and retain high-value customers,” said Linda Findley Kozlowski, Blue Apron’s President and Chief Executive Officer. “This was another quarter of strong performance for all our key customer metrics, particularly when considering the return of seasonality impacts. Our Average Order Value, Orders per Customer and Average Revenue per Customer continued to be at record or near-record quarterly levels in the second quarter even as consumers increasingly...

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Aug 4 8:34 AM, General News


Publix Reports Second Quarter 2021 Results and Stock Price

Publix’s sales for the three months ended June 26, 2021 were $11.8 billion, a 3.9% increase from $11.4 billion in 2020. Comparable store sales for the three months ended June 26, 2021 increased 2.3%.

Net earnings for the three months ended June 26, 2021 were $1 billion, compared to $1.4 billion in 2020, a decrease of 26.2%. Earnings per share for the three months ended June 26, 2021 decreased to $1.46 per share, down from $1.94 per share in 2020. Excluding the impact of net unrealized gains on equity securities in 2021 and 2020, net earnings for the three months ended June 26, 2021 would have been $920.3 million, compared to...

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Aug 3 8:30 AM, General News


Bloomin' Brands Announces 2021 Q2 Financial Results and Strong Operating Margin Expansion

Bloomin’ Brands, Inc. reported results for the second quarter 2021 (“Q2 2021”) compared to the second quarter 2020 (“Q2 2020”).

CEO Comments

“Q2 represented another quarter of strong results. We are well positioned to grow sales and capture additional market share,” said David Deno, Chief Executive Officer. “We are making great progress improving margins, increasing cash flow and retaining off-premises sales as dining rooms have reopened. Our sales momentum has...

 

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Aug 2 8:23 AM, General News


Restaurant Brands International Reports Second Quarter 2021 Results

Restaurant Brands International reported financial results for the second quarter ended June 30, 2021.

José E. Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "We are encouraged by the momentum across our business – including sales increases driven by quality menu items, rapid adoption of our digital channels by our guests and an acceleration in new restaurant openings around the world by our franchisees who believe strongly in our brands and business model."

Cil continued, "We also announced an increase in our share buyback authorization to $1 billion over the next two years, demonstrating our confidence in the...

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Aug 2 8:22 AM, General News


Albertsons Reports First Quarter Fiscal 2021 Results

Albertsons Companies reported results for the first quarter of fiscal 2021, which ended June 19, 2021.

First Quarter of Fiscal 2021 Highlights

- Identical sales decreased 10.0%; on a two-year stacked basis identical sales growth was 16.5%
- Sustained digital sales levels; on a two-year stacked basis digital sales growth was 276%
- Net income per Class A common share of $0.78; two-year CAGR of 212%
- Adjusted net income per Class A common share of...

 

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Jul 30 8:33 AM, General News


Yum! Brands Reports Second Quarter Results

Yum! Brands, Inc. reported results for the second-quarter ended June 30, 2021. Worldwide system sales excluding foreign currency translation grew 26%, with 23% same-store sales and 2% unit growth. Second-quarter GAAP EPS was $1.29, an increase of 91% over the prior year quarter. Second-quarter EPS excluding Special Items was $1.16, an increase of 41% over the prior year quarter.

DAVID GIBBS COMMENTS

David Gibbs, CEO, said “Our strong second-quarter results, led by record unit development and 23% same-store sales growth are a testament to our iconic brands, world-class talent, and best-in-class franchisees. I’m proud that each of our divisions reported positive same-store sales growth on a 2-year basis, a step up...

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Jul 29 10:18 AM, General News


Pilgrim’s Pride Reports Second Quarter 2021 Results with Growth in Sales

Pilgrim’s Pride Corporation reported its second quarter 2021 financial results.

Second Quarter Highlights

- Net Sales of $3.64 billion, up 29% from prior year.
- Consolidated GAAP Operating Income margin of (3.4)% with GAAP Operating Income margins of (10.0)% in U.S., 17.5% in Mexico and 2.3% in Europe. Adjusted U.S. Operating Income margin of 7.8%.
- GAAP Net Loss of $(166.7) million. Adjusted Net Income of $153.8 million or adjusted EPS of $0.63.
- Adjusted EBITDA of $371.6 million, or...

 

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Jul 29 9:07 AM, General News


Wingstop Reports Fiscal Second Quarter Financial Results

Wingstop announced financial results for the fiscal second quarter ended June 26, 2021.

Highlights for the fiscal second quarter 2021 compared to the fiscal second quarter 2020:

  • System-wide sales increased 15.8% to $589.7 million
  • 45 net new openings in the fiscal second quarter 2021, an increase of 13.1%
  • Domestic same-store sales increased 2.1%
  • Domestic restaurant AUV increased to approximately $1.6 million, compared to $1.4 million in the prior fiscal second quarter
  • Digital sales increased to 64.5% of sales, compared to 63.7% in the prior fiscal second quarter
  • Total revenue increased 11.9% to...
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Jul 28 10:37 AM, General News


McDonald's Reports Second Quarter 2021 Results

McDonald's Corporation announced results for the second quarter ended June 30, 2021.

"Our performance is a continued demonstration of the broad-based strength and resiliency of our business as global comp sales in the second quarter increased nearly 7% over 2019. For 65 years, we've created iconic experiences for billions of people around the world. Along the way, we've always focused on following our customers' needs, finding the most convenient and engaging ways for them to enjoy McDonald's. It's clear that...

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Jul 28 8:40 AM, General News


Bunge Reports Second Quarter 2021 Results

Bunge Limited reported second quarter 2021 results.

• Q2 GAAP EPS of $2.37 vs. $3.47 in the prior year; $2.61 vs. $1.88 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences
• Continued strong Agribusiness execution across the global network
• Outstanding Refined and Specialty Oils results driven by increasing demand and record refining capacity utilization
• Increasing full-year adjusted EPS outlook to at least...

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Jul 28 8:33 AM, General News


ADM Reports Record Second Quarter Earnings; Expects Momentum to Continue in Second Half

ADM reported financial results for the quarter ended June 30, 2021.

“It was yet another excellent quarter for ADM, as our team delivered record earnings, with strong year-over-year profit growth across all three business units”

“This is a very different ADM than even a few short years ago, and our transformation is far from...

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Jul 28 8:24 AM, General News


Del Taco Restaurants, Inc. Reports Fiscal Second Quarter 2021 Financial Results

Del Taco Restaurants reported fiscal second quarter 2021 financial results for the 12-week period ended June 15, 2021 and provided a business update.

Management Commentary

John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We generated outstanding revenue and profitability growth during the second quarter as we leveraged our top-line momentum across all key cost inputs. Top-line growth was characterized by system-wide comparable restaurant sales growth versus 2020 in the high teens, representing...

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Jul 26 8:25 AM, General News


Domino's Pizza Announces Second Quarter 2021 Financial Results

Domino's Pizza announced results for the second quarter. Global retail sales increased 21.6% in the second quarter, or 17.1% excluding foreign currency impact. U.S. same store sales grew 3.5% during the quarter versus the year-ago period, continuing the positive sales momentum in the Company's U.S. stores business. The international business also posted strong results, with same store sales growth of 13.9% during the quarter. The second quarter marked the 110th consecutive quarter of international same store sales growth and the 41st consecutive quarter of U.S. same store sales growth. The Company had second quarter global net store growth of 238 stores, comprised of 35 net U.S. store openings and 203 net international store openings.

"I am very pleased with our strong global retail sales and store growth momentum during the second quarter, which demonstrated the power of our investments in...

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Jul 23 8:24 AM, General News


Chipotle Announces Second Quarter 2021 Results

Chipotle Mexican Grill reported financial results for its second quarter ended June 30, 2021.

Second quarter highlights, year over year:

  • Revenue increased 38.7% to $1.9 billion
  • Comparable restaurant sales increased 31.2%
  • Digital sales grew 10.5% and accounted for 48.5% of sales
  • Operating margin was 13.0%, an increase from...
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Jul 21 10:13 AM, General News


Cal-Maine Foods Reports Fourth Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the fourth quarter (thirteen weeks) and fiscal year ended May 29, 2021.

Net sales for the fourth quarter of fiscal 2021 were $349.8 million, compared to $453.3 million for the fourth quarter of fiscal 2020. The Company reported a net loss of $4.2 million, or $0.09 per basic and diluted share, for the fourth quarter of fiscal 2021, compared to net income of $60.5 million, or $1.25 per basic and...

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Jul 19 9:19 AM, General News


Profitability and Growth Continue for Fifth Consecutive Year at Church's Chicken

Not even halfway into 2021, and Church's Chicken®, is already poised to turn in another year of exceptional growth and profitability. The brand expects to open nearly 100 new restaurants worldwide (up from 79 new openings last year). And, the average guest check is up just over 30% from 2020 to 2021. Same-store comparable sales are also up over the previous year, by approximately +15% system-wide. While the numbers are substantial under normal circumstances, Church's performance is even more impressive when measured against a pandemic, which still negatively impacts restaurant brands of all kinds. The popular global chicken brand is even ahead of where it was pre-pandemic when it had just surpassed a 10-year company record for system-wide sales in 2019.

"In terms of sustainable growth, Church's is in a very positive place," shares Louis (Dusty) Profumo, Executive Vice President and Chief Financial Officer for the brand. "Across the board, practically...

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Jul 1 8:14 AM, General News


Kroger Delivers Strong First Quarter Results 

The Kroger Co. reported its first quarter 2021 results and will update investors on how Leading with Fresh and Accelerating with Digital initiatives are positioning Kroger for long-term sustainable growth.

Comments from Chairman and CEO Rodney McMullen

"Kroger is even better positioned to connect with our customers than we were prior to the pandemic as a result of our relentless focus on leading with fresh and accelerating with digital. I am incredibly proud of our amazing associates who continue to be there for our customers, communities, and each other when they need us most and who strive to...

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Jun 17 9:35 AM, General News


United Natural Foods Reports Third Quarter Fiscal 2021 Results

United Natural Foods reported financial results for the third quarter of fiscal 2021 (13 weeks) ended May 1, 2021.

Third Quarter Fiscal 2021 Highlights (comparisons to third quarter fiscal 2020)

  • Net sales of $6.62 billion, a decrease of 5.9% (+6.7% on a two-year stack basis)
  • Net income of $49 million, a decrease of approximately $40 million
  • Adjusted EBITDA of $179 million, a decrease of...
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Jun 10 8:31 AM, General News


Campbell Reports Third-Quarter Fiscal 2021 Results

Campbell Soup Company reported results for its third-quarter fiscal 2021 ended May 2, 2021.

CEO Comments

Mark Clouse, Campbell’s President and CEO, said, “While we recognized the third quarter would be a challenging net sales comparison to the demand surge at the onset of the COVID-19 pandemic a year ago, we faced additional headwinds. Our results were impacted by a rising inflationary environment, short-term increases in supply chain costs, and some executional pressures as we continued to advance our transformation agenda, primarily in our Snacks division. We are confident that these are all addressable, and we are taking appropriate actions, including...

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Jun 10 8:31 AM, General News


SpartanNash Announces First Quarter Fiscal 2021 Financial Results

SpartanNash Company reported financial results for its 16-week first quarter ended April 24, 2021.

First Quarter Fiscal 2021 Highlights

  • Net sales of $2.66 billion, declined 7.0% from the prior year quarter net sales of $2.86 billion, due to the prior year’s increased consumer demand related to the COVID-19 pandemic.
  • Retail comparable store sales declined 7.0% for the quarter. Comparable store sales increased by 9.3% on a two-year basis, representing a continuation of the trend experienced through...
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Jun 4 8:27 AM, General News


Sanderson Farms Reports Results for Second Quarter of Fiscal 2021

Sanderson Farms reported results for its second fiscal quarter and six months ended April 30, 2021.

Net sales for the second quarter of fiscal 2021 were $1,133.9 million compared with $844.7 million for the same period a year ago. For the quarter, the Company reported net income of $96.9 million, or $4.34 per share, compared with net income of $6.1 million, or $0.28 per share, for the second quarter of fiscal 2020.

Net sales for the first six months of fiscal 2021 were $2,043.2 million compared with $1,667.8 million for the same period of fiscal 2020. Net income for the first half of the fiscal year totaled...

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May 27 9:54 AM, General News


Red Robin Gourmet Burgers Reports Results for the Fiscal First Quarter 

Red Robin Gourmet Burgers reported financial results for the quarter ended April 18, 2021.

Key Highlights

  • As of the end of our fiscal fifth period, all Company-owned restaurants have re-opened indoor dining rooms with varying levels of capacity;
  • Restaurant revenue of $318.7 million and Restaurant Level Operating Profit (a non-GAAP metric) of 15.7%, an increase of 690 basis points over the same period...
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May 26 9:54 AM, General News


Cracker Barrel Reports Third Quarter Fiscal 2021 Results

Cracker Barrel Old Country Store reported its financial results for the third quarter of fiscal 2021 ended April 30, 2021.

Third Quarter Fiscal 2021 Highlights

  • The Company continued its sales recovery during the third quarter with both restaurant and retail comparable store sales improvements compared to the second quarter. Driven by the reopening of dining rooms and strategic sales initiatives, the Company further rebuilt its sales volumes.
  • Versus the third quarter of fiscal 20191, comparable store restaurant sales decreased...
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May 26 8:25 AM, General News


BJ’s Wholesale Club Holdings Announces First Quarter and Fiscal 2021 Results

BJ’s Wholesale Club Holdings announced its financial results for the thirteen weeks ended May 1, 2021.

"Our team members continue to execute at the highest levels and I’m proud of their hard work and dedication amid a difficult environment. We are pleased to start the year with strong first quarter results, powered by solid execution, market share retention and a continuation of elevated consumer spending," said Bob Eddy, President and Chief Executive Officer, BJ’s Wholesale Club. "As we look ahead, we are confident our business will continue to...

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May 21 8:38 AM, General News


Hormel Foods Reports Second Quarter Results 

Hormel Foods Corporation reported results for the second quarter of fiscal 2021. All comparisons are to the second quarter of fiscal 2020 unless otherwise noted.

Executive Summary - Second Quarter

  • Volume of 1.2 billion lbs., down 3%
  • Record net sales of $2.6 billion, up 8%
  • Pretax earnings of $293 million, up 2%
  • Operating margin of 11.1%, compared to...
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May 21 8:37 AM, General News


Jack in the Box Reports Second Quarter FY 2021 Earnings

Jack in the Box reported financial results for the second quarter ended April 11, 2021 and provided fiscal year 2021 financial guidance.

Jack in the Box total revenues increased 19 percent to $257.2 million, compared to $216.2 million in the comparable period ended April 12, 2020, driven by 20.6 percent growth in system same-store sales. Company same-store sales increased 14.5 percent in the second quarter, reflecting average check growth of 19.9 percent and a 5.4 percent decrease in transactions. Franchise same-store sales increased 21.3 percent.

Net earnings more than tripled to $35.9 million, or $1.58 per diluted share, for the second quarter of fiscal 2021, compared with...

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May 14 8:31 AM, General News


Wendy's Reports First Quarter 2021 Results

The Wendy's Company reported unaudited results for the first quarter ended April 4, 2021.

"We are increasing our 2021 financial outlook meaningfully across all key financial metrics, driven by an outstanding first quarter that underscores our continued momentum and the overall strength of our business," President and Chief Executive Officer Todd Penegor said. "The robust growth in our business continued in the first quarter of 2021 as sales significantly exceeded our expectations and fueled our restaurant economic model, leading to...

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May 12 10:50 AM, General News


US Foods Reports First Quarter Fiscal 2021 Earnings 

US Foods Holding Corp., one of the largest foodservice distributors in the United States, announced results for the first quarter of fiscal 2021. In this press release, the company refers to certain organic financial results. Organic financial results exclude contributions from Smart Foodservice, which was acquired on April 24, 2020.

First Quarter Fiscal 2021 Highlights

  • Total case volume decreased 0.9%; independent restaurant case volume increased 8.1%
  • Total organic case volume decreased 6.4%; organic independent restaurant case volume increased 0.2%
  • Net sales decreased 0.7% to...
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May 10 8:42 AM, General News


Tyson Foods Reports Second Quarter 2021 Results

Tyson Foods, 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 $2.58, up 7% from prior year; Adjusted EPS of $3.28, up 41% from prior year
  • GAAP operating income of $1,425 million, up 12% from prior year; Adjusted operating income of $1,764 million, up 32% from prior year
  • Total Company GAAP operating margin of...
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May 10 8:33 AM, General News


Beyond Meat Reports First Quarter 2021 Financial Results 

Beyond Meat, a leader in plant-based meat, reported financial results for its first quarter ended April 3, 2021.

First Quarter 2021 Financial Highlights

  • Net revenues were $108.2 million, an increase of 11.4% year-over-year.
  • Gross profit was $32.7 million, or gross margin of 30.2% of net revenues.
  • Net loss was $27.3 million, or $0.43 per common share; Adjusted net loss was $26.2 million, or $0.42 per common share, reflecting...
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May 10 8:25 AM, General News


Shake Shack Announces First Quarter 2021 Financial Results

Shake Shack reported its financial results for the first quarter ended March 31, 2021, a period that included 13 weeks.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “Spring has ushered in a great energy around the country and in our hometown of New York City. With COVID cases stabilizing and more regions steadily loosening restrictions, we are optimistic that improving trends can continue for our industry."

Garutti continued, “In the first quarter and so far through fiscal April, the positive momentum of our financial recovery continued. Total revenue was $155.3 million in the first quarter, up...

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May 7 10:13 AM, General News


Ruth’s Hospitality Group Reports First Quarter 2021 Financial Results

Ruth’s Hospitality Group reported unaudited financial results for its first quarter ended March 28, 2021 and provided a business update.

CEO Comments

Cheryl Henry, President and Chief Executive Officer of Ruth’s Hospitality Group, Inc., commented, “Our impressive first quarter results reflect not only accelerating sales trends, but also strong margins as our operators continued to execute the efficiency and capacity utilization initiatives that we implemented in 2020. I would like to express my...

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May 7 10:03 AM, General News


Hain Celestial Reports Third Quarter Fiscal Year 2021 Financial Results

The Hain Celestial Group 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™, today reported financial results for the third quarter ended March 31, 2021. 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 pleased with our strong third quarter results. We successfully lapped the March 2020 stock up period to deliver sales in line with our guidance, several hundred basis points of margin improvement and strong adjusted EBITDA growth. I am extremely proud of our team which continues to execute more than a full year into...

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May 7 8:27 AM, General News


Blue Apron Holdings Reports First Quarter 2021 Results

Blue Apron Holdings announced financial results for the quarter ended March 31, 2021.

“Blue Apron had a strong 2021 first quarter with net revenue rising 27% year over year to $129.7 million, representing our fourth consecutive quarter of double-digit year over year net revenue growth,” said Linda Findley Kozlowski, Blue Apron’s President and Chief Executive Officer. “The first quarter marked another period of year-over-year improvements in all of our key customer metrics. In particular, strong Average Order Value and Orders per Customer drove a 22% improvement in Average Revenue per Customer to an all-time quarterly record level. This demonstrates that...

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May 6 10:20 AM, General News


Papa John’s Announces First Quarter 2021 Financial Results

Papa John’s International announced financial results for the first quarter ended March 28, 2021.

First quarter 2021 highlights compared to first quarter 2020

  • Total revenues increased 24.9% to $511.7 million
  • Comparable sales up 26.2% in North America and 23.2% Internationally driven by menu innovation, including the new Epic Stuffed Crust pizza in North America, and...
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May 6 10:11 AM, General News


Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2021 Results

Performance Food Group Company announced its third-quarter and first-nine months fiscal 2021 business results.

“Our Company’s strong momentum and recovery has continued into calendar 2021,” said George Holm, PFG’s Chairman, President & Chief Executive Officer, “and I am extremely pleased with the progress we have made as many markets reopen for business. As we expected, the pace of rebuilding our workforce accelerated to support sales trend improvement. We believe that these expenses put us in a solid position to maintain our top-line performance through the rest of fiscal 2021 and into fiscal 2022. Despite a strong January and February in the year ago period...

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May 6 8:26 AM, General News


Maple Leaf Foods Reports First Quarter 2021 Financial Results

Maple Leaf Foods reported its financial results for the first quarter ended March 31, 2021.

"Maple Leaf remains committed to delivering shared value, and to building an enduring company, with a vision to be the most sustainable protein company on earth," said Michael H. McCain, President and CEO. "We continue to deliver on our commitments. As we cross the one-year mark of the COVID-19 pandemic, I continue to be inspired by our dedicated front-line team members who come into work each day to produce the food we all need to stay healthy. Our number one priority is to keep our people healthy during this global crisis, and beyond. At the same time, we are delivering on our financial commitments, including both significant revenue growth and margin expansion in...

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May 5 9:46 AM, General News


Dine Brands Global Reports First Quarter 2021 Results

Dine Brands Global, the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, announced financial results for the first quarter of 2021.

“Dine Brands first-quarter 2021 results demonstrate positive momentum across our company. Thanks to the strength of our brands, and the resilience and collaboration of our franchisees and team members, we have a sharper focus on digital and marketing capabilities, operational basics and a steadfast dedication to the safety of...

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May 5 9:27 AM, General News


Del Taco Restaurants Reports Fiscal First Quarter 2021 Financial Results

Del Taco Restaurants reported fiscal first quarter 2021 financial results for the 12-week period ending March 23, 2021 and provided a business update.

Management Commentary

John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We are pleased to have delivered a very strong first quarter that sets us up for a great year at Del Taco. Although the operating environment remains very difficult due to continued COVID related impacts and very challenging labor availability, our team is doing an outstanding job growing sales by serving guests through our drive-thru, take-out, and delivery channels while managing...

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May 5 8:27 AM, General News


Weis Markets Reports First Quarter Results

Weis Markets reported its sales increased 2.1 percent to $1.0 billion during the thirteen-week period ended March 27, 2021, compared to the same period in 2020, while first quarter comparable store sales increased 1.4 percent.

The Company's first quarter net income decreased 9.1 percent to $24.3 million compared to $26.7 million in 2020, while earnings per share totaled $0.90 compared to $0.99 per share for the same period in 2020.

"The World Health Organization declared the novel coronavirus (COVID-19) a pandemic on March 11, 2020 which resulted in...

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May 5 8:26 AM, General News


Sysco Reports Third Quarter Fiscal 2021 Results

Sysco Corporation announced financial results for its 13-week third fiscal quarter ended March 27, 2021.

  • Sales trends improving as markets reopen; Q3 decreased 13.7% versus FY20 and decreased 19.3% versus FY19; April increased 102.1% versus 2020 and decreased 8.8% versus 2019;
  • We are now serving more independent customers compared to pre-COVID;
  • Gross profit decreased 17.2% to $2.1 billion; industry-leading gross margin decreased...
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May 4 9:43 AM, General News


Publix Reports First Quarter 2021 Results and Stock Price

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 March 27, 2021 were $11.7 billion, a 3.9% increase from $11.2 billion in 2020. Comparable store sales for the three months ended March 27, 2021 increased 2.4%. The company estimates its sales for the three months ended March 27, 2021 and March 28, 2020 increased approximately...

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May 4 8:25 AM, General News


Restaurant Brands International Reports First Quarter 2021 Results

Restaurant Brands International Inc. reported financial results for the first quarter ended March 31, 2021.

José E. Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "Our first quarter results signal our return to growth with system-wide sales surpassing Q1 2019 and net restaurant growth nearly matching our best-ever Q1 performance in 2018. We are excited by the global growth potential of our brands and are encouraged by this early momentum as we work toward a return to historic levels of unit growth this year."

"Our home market recovery from the pandemic is well-underway, including at Tim Hortons in Canada where our business fundamentals have continued to improve as we execute on our Back to Basics plan, which included exciting product launches in Q1 like our new dark roast coffee and...

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May 3 8:20 AM, General News


The Cheesecake Factory Reports Results for First Quarter of Fiscal 2021 and Provides Business Update

The Cheesecake Factory Incorporated reported financial results for the first quarter of fiscal 2021, which ended on March 30, 2021.

Total revenues were $627.4 million in the first quarter of fiscal 2021 compared to $615.1 million in the first quarter of fiscal 2020. Net loss available to common stockholders and diluted net loss per common share were $1.2 million and $0.03, respectively, in the first quarter of fiscal 2021.

During the first quarter of fiscal 2021, the Company recorded COVID-19 related charges of $4.9 million, for costs such as sick and vaccination pay, healthcare and...

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Apr 30 8:29 AM, General News


Bloomin’ Brands Announces 2021 Q1 Financial Results and Strong Operating Margin Expansion

Bloomin’ Brands reported results for the first quarter 2021 (“Q1 2021”) compared to the first quarter 2020 (“Q1 2020”).

CEO Comments

“The first quarter was a strong start to the year. We are well positioned to grow sales, and capture additional market share as the economic recovery continues,” said David Deno, Chief Executive Officer. “As a result of investments made over the last few years we are making great progress in growing...

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Apr 30 8:28 AM, General News







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