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Cracker Barrel Reports Third Quarter Fiscal 2022 Results

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

Third Quarter Fiscal 2022 Highlights

- The Company reported third quarter total revenue of $790.2 million. Compared to the prior year third quarter, total revenue increased 10.8%.
- Comparable store restaurant sales increased 10.9%, while comparable store retail sales increased 9.7%.

- GAAP operating income for the third quarter was $30.5 million, or 3.9% of total revenue, and adjusted1 operating income was $33.6 million, or 4.3% of total revenue...

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Jun 7 8:48 AM, General News



Hormel Foods Reports Record Sales and Double-Digit Earnings Growth in the Second Quarter

Hormel Foods Corporation, a leading global branded food company, today reported results for the second quarter of fiscal 2022. All comparisons are to the second quarter of fiscal 2021 unless otherwise noted.

EXECUTIVE SUMMARY

SECOND QUARTER

- Volume of 1.2 billion lbs., down 2%; organic volume1 down 8%
- Record net sales of $3.1 billion, up 19%; organic net sales1 up 10%
- Operating income of $335 million, up 16%
- Operating margin of 10.8%, compared to 11.1% last year and 10.5% last quarter
- Pretax earnings of...

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Jun 2 9:26 AM, General News


The Wendy's Company Reaffirms 2022 Outlook

The Wendy's Company today reaffirmed its 2022 outlook.

"As evidenced by our sales momentum, which accelerated on a 2-year basis in Q1 2022, we continue to make significant progress across our three long-term growth pillars: building our breakfast daypart, accelerating our digital business, and expanding our footprint across the globe," President and Chief Executive Officer Todd Penegor said. "We achieved a second consecutive quarter of double digit 2‐year global same‐restaurant sales, opened over 90 new restaurants, accelerated our global digital business to over 10% of total sales..."

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May 27 8:47 AM, General News


Minerva Foods Posts Record Consolidated Gross Revenue and EBITDA in the First Quarter of 2022

Minerva Foods, the South American leader in the export of fresh beef and cattle byproducts, which also operates in the processed foods segment, announces to the market the financial results for the first quarter of 2022 (1Q22).

The Company's consolidated gross revenue totaled R$7.6 billion in 1Q22, up by 25% over 1Q21. In the 12 months ended March 2022 (LTM1Q22), consolidated gross revenue reached R$30.1 billion, a 35% increase over LTM1Q21.

In 1Q22, exports accounted for 70% of Minerva Foods' gross...

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May 13 8:00 AM, General News


Blue Apron Provides Details Regarding Next Phase of Strategic Plans 

- Introduced Next Phase of Strategy Towards Path to Adjusted EBITDA Profitability in 2023 and Free Cash Flow Generation in 2024
- Highlighted Drivers of Success Behind Eight Straight Quarters of Elevated Customer Metrics
- Outlined Plans to Drive Customer Growth Through Targeted Marketing Spend, Product Innovation, Customizations, Add-ons, and Non-Subscription Offerings
- Targeted Long-Term Steady-State Variable Margin of 40% and PTG&A of 20% of Revenue
- Discussed Strategy to Responsibly Deploy Recent Equity Capital Raised to Invest in Platform to Help Execute Its New Strategy

Blue Apron hosted...

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May 12 8:00 AM, General News


The Wendy's Company Reports First Quarter 2022 Results

The Wendy's Company today reported unaudited results for the first quarter ended April 3, 2022.

"We continue to make meaningful progress against our three strategic growth pillars, reinforcing the strength and resiliency of the Wendy's® brand and driving robust AUV and sales increases," President and Chief Executive Officer Todd Penegor said. "We had one of our best quarters in our history for unit growth, with over 90 new restaurant openings, and are on track to reach our planned net unit growth goal of 5 to 6 percent for the year..." 

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May 11 8:30 AM, General News


Sysco Third Quarter Results Delivered Market Share Gains & Growing Profitability

Sysco Corporation today announced financial results for its 13-week third fiscal quarter ended April 2, 2022.

Key highlights for the third quarter of fiscal year 2022:

- Robust consumer and customer away-from-home demand in late February and March, as Sysco’s resilient business snapped back from the impact of Omicron;
- Meaningful market share gains in the U.S. and International Segments based on Sysco’s Recipe for Growth strategy;
- Significant volume improvements, with U.S. Broadline volume up 18.8% versus the same period in fiscal year 2021, with our U.S. Foodservice segment...

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May 10 8:55 AM, General News


Tyson Foods Reports Second Quarter 2022 Results

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

First Six Months Highlights

- GAAP EPS of $5.35, up 107% from prior year; Adjusted EPS of $5.16, up 57% from prior year
- GAAP operating income of $2,611 million, up 83% from prior year; Adjusted operating income of $2,593 million, up 47% from prior year
- Total Company GAAP and Adjusted operating margin...

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May 9 9:54 AM, General News


Papa John’s International Announces First Quarter 2022 Financial Results

Papa John’s International, Inc. today announced financial results for the first quarter ended March 27, 2022.

First quarter 2022 highlights compared to first quarter of 2021

- Total company revenues increased 6.0% to $542.7 million; global system-wide restaurant sales of $1.3 billion, up 5.3% (excluding the impact of foreign currency)
- Comparable sales up 1.9% in North America and 0.8% Internationally, lapping prior year gains of 26.2% and 23.2%, respectively
- 62 net unit openings driven by accelerating development activity and growing pipeline, especially Internationally...

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May 5 9:25 AM, General News


Weis Markets Reports First Quarter 2022 Results

Weis Markets, Inc. today reported its financial results for the 13-week first quarter ended March 26, 2022.

"We continued to build on our momentum in the first quarter, when we generated strong comparable store sales and net income increases. Despite significant inflationary pressures, we were able to maintain stable gross profit margins and effectively manage expenses," said Weis Markets' Chairman, President and CEO Jonathan H. Weis. "These results reflect the hard work and dedication of associates at every level of our company. They have helped us navigate the challenges of a..."

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May 5 8:00 AM, General News


Yum! Brands Reports First-Quarter Results

Yum! Brands, Inc. today reported results for the first quarter ended March 31, 2022. Worldwide system sales excluding foreign currency translation grew 8%, with 6% unit growth and 3% same-store sales growth. First quarter GAAP EPS was $1.36, an increase of 27% year-over-year. First quarter EPS excluding Special Items was $1.05, a decrease of (1)% year-over-year.

DAVID GIBBS COMMENTS

David Gibbs, CEO, said “Our system sales grew 8% despite the difficult operating environment, a testament to the demand for our iconic brands and the unmatched operating...

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May 4 9:05 AM, General News


Wingstop Inc. Reports Fiscal First Quarter Financial Results

Wingstop Inc. today announced financial results for the fiscal first quarter ended March 26, 2022.

Highlights for the fiscal first quarter 2022 compared to the fiscal first quarter 2021:

- System-wide sales increased 12.7% to $630.0 million
- 60 net new openings in the fiscal first quarter 2022, an increase of 13.4%
- Domestic same-store sales increased 1.2%
- Three-year domestic same-store sales increased 31.8%
- Domestic restaurant AUV increased to $1.6 million
- Digital sales were 62.3% of sales, comparable to the prior fiscal first quarter...

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May 4 8:22 AM, General News


Restaurant Brands International Inc. Reports First Quarter 2022 Results 

First quarter system-wide sales grew 14% year-over-year, up nearly $1 billion year-over-year

Global comparable sales growth of 8% driven by over 10% at Tim Hortons Canada and over 20% at Burger King International

Home market digital sales reach their highest levels ever as a percentage of system-wide sales

Record number of first quarter restaurant openings, led by multi-brand international growth and Popeyes in the US

Over $400 million of capital returned to shareholders in Q1 through dividends and share buybacks...

 

 

 

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May 3 8:13 AM, General News


Publix Reports First Quarter 2022 Results and Stock Price

Publix’s sales for the three months ended March 26, 2022 were $13.2 billion, a 13.5% increase from $11.7 billion in 2021. Comparable store sales for the three months ended March 26, 2022 increased 11.7%.

Net earnings for the three months ended March 26, 2022 were $618 million, compared to $1.5 billion in 2021, a decrease of 58.7%. Earnings per share for the three months ended March 26, 2022 decreased to $0.90 per share, down from $2.16 per share in 2021. Excluding the impact of net...

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May 3 8:00 AM, General News


US Restaurant Industry Ends Challenging First Quarter with Customer Traffic Down from A Year Ago

In the first quarter of 2021, the third round of stimulus payments, availability of COVID vaccines and relaxed pandemic restrictions helped increase online and physical visits to U.S. restaurants by 3% compared to the same period a year before, according to The NPD Group. The first quarter of 2022, in contrast, presented a host of headwinds, including higher food and energy costs, for restaurant consumers and restaurants. Challenged by these headwinds and compared to a 3% gain in last year’s first quarter, online and physical...

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Apr 29 7:52 AM, General News


Kraft Heinz Reports First Quarter 2022 Results

The Kraft Heinz Company today reported financial results for the first quarter of 2022 that reflected strong price realization, resilient retail demand, and foodservice growth.

"Our first quarter was a strong start to the year and yet another period where our team rose to mitigate new and different macro environment challenges," said Kraft Heinz CEO Miguel Patricio. "We continue to build critical capabilities, greater corporate agility, and additional financial flexibility to address short-term turmoil while building our long-term advantage. We still have work to do, more opportunity ahead, and we remain..."

 

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Apr 27 8:36 AM, General News


Real Good Foods Highlights Another Consecutive Period of Strong Sales and Velocity Growth

The Real Good Food Company, Inc., an innovative, high-growth, branded, health- and wellness-focused frozen food company, today released the U.S. SPINS retail scanner performance data across all its products from the most recent period ending March 20th, 2022(1). For perspective, SPINS data captures consumption data in the Food, Drug and Mass retail channel, which represents approximately 50% of the Company's sales.

- The overall Frozen category (2) grew 5.8% over the four-week period.
- The Health & Wellness Frozen Food subcategory (2), which includes Health and...

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Apr 12 9:50 AM, General News


Cal-Maine Foods Reports Third Quarter Fiscal 2022 Results

Cal-Maine Foods, Inc. reported results for the third quarter of fiscal 2022 (thirteen weeks) and 39-week period ended February 26, 2022.

Net sales in the third quarter of fiscal 2022 increased 33.0 percent to $477.5 million compared to $359.1 million in the third quarter of fiscal 2021. The Company reported net income of $39.5 million, or $0.81 per basic and diluted common share, for the third quarter of fiscal 2022, compared to net income of $13.5 million, or $0.28 per basic...

 

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Mar 31 9:29 AM, General News


Wingstop Inc. Completes $250 Million Securitization Transaction and Declares Special Dividend 

Wingstop Inc., completed a securitized financing transaction on March 9, 2022, which included the issuance of a new series of $250 million of securitized notes (the "Notes"). The Series 2022-1 Class A-2 Senior Secured Notes are subject to 1% annual amortization, bear interest at a rate of 3.734% per annum, and have an anticipated repayment date of March 2029. Interest and principal payments on the Notes are payable on a quarterly basis.

In addition to the Notes, the Company also entered into a $200...

 

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Mar 14 7:50 AM, General News


Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Fourth Quarter

Red Robin Gourmet Burgers, Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal fourth quarter and year ended December 26, 2021.

Fourth Quarter 2021 Key Highlights

- Restaurant revenue of $276.7 million increased 41.5% compared to 2020;
- Comparable restaurant revenue increased 40.1% compared to 2020;
- Restaurants that were at or above 2019 staffing levels had comparable restaurant revenues of 49.3%, compared to 2020;
- Net loss of $21.3 million improved...

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Mar 11 9:11 AM, General News


Kroger Reports Fourth Quarter and Full-Year 2021 Results

Fourth Quarter Highlights

- Identical Sales without fuel increased 4.0%; two-year stack increased 14.6%
- Digital Sales two-year stack grew 105%
- EPS of $0.75; Adjusted EPS of $0.91
- Operating Profit of $965 million; Adjusted FIFO Operating Profit of $1,014 million

Fiscal 2021 Highlights

- Identical Sales without fuel increased 0.2%; two-year stack increased 14.3%
- Digital Sales two-year stack grew 113%
- EPS of $2.17; Adjusted EPS of $3.68
- Operating Profit of $3.5 billion; Adjusted FIFO Operating Profit of $4.3 billion
- Cost savings...

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Mar 10 7:57 AM, General News


Campbell Reports Second-Quarter Fiscal 2022 Results

- Earnings Per Share (EPS) from Continuing Operations were $0.70. Adjusted EPS decreased $0.13, or 16%, to $0.69 due to industry-wide inflation and supply constraints.
- Net Sales decreased 3%; Organic Net Sales decreased 2%. Compared to the second quarter of fiscal 2020, net sales increased 2% and organic net sales increased 3%. Demand remained strong with consumption up 1% compared to prior year and up 9% on a two-year basis.
- Year-over-year second half financial performance expected to improve as recent pricing actions will be fully reflected in...

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Mar 9 9:06 AM, General News


United Natural Foods, Inc. Reports Second Quarter Fiscal 2022 Results

United Natural Foods, Inc. today reported financial results for the second quarter of fiscal 2022 (13 weeks) ended January 29, 2022.

Second Quarter Fiscal 2022 Highlights (comparisons to second quarter fiscal 2021)

- Net sales of $7.4 billion, an increase of 7.5% (+14.6% on a two-year stack basis)
- Net income of $66 million, an increase of 11.9%
- Adjusted EBITDA of $201 million, a decrease of 2.4%
- Earnings per diluted share (EPS) of $1.08, an increase of 8.0%
- Adjusted EPS of $1.13, a decrease of...

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Mar 9 9:00 AM, General News


Target Corporation Reports Fourth Quarter and Full-Year 2021 Earnings

Q4 2021 Highlights

- Comparable sales grew 8.9 percent, on top of 20.5 percent in Q4 2020.
- Comparable traffic grew 8.1 percent on top of 6.5 percent in Q4 2020.
- More than 95 percent of Target's fourth quarter sales were fulfilled by its stores.
- EPS established an all-time high with GAAP EPS of $3.21 and Adjusted EPS1 of $3.19, despite significant investments in team, price, and inventory availability.

Full-Year 2021 Highlights

- Target delivered $106 billion in total revenue, having grown nearly $28 billion, or more...

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Mar 2 8:00 AM, General News


Hormel Foods Reports Record First Quarter Sales And Reaffirms Full Year Sales and Earnings Guidance

Hormel Foods Corporation, a leading global branded food company, today reported results for the first quarter of fiscal 2022. All comparisons are to the first quarter of fiscal 2021 unless otherwise noted.

EXECUTIVE SUMMARY – FIRST QUARTER

- Volume of 1.2 billion lbs., up 2%; organic volume1 down 4%
- Record net sales of $3.0 billion, up 24%; organic net sales1 up 13%
- Operating income of $320 million, up 19%
- Operating margin of 10.5%, compared to 10.9% last year
- Pretax earnings of $309 million, up...

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Mar 1 8:48 AM, General News


Domino's Pizza® Announces Fourth Quarter and Fiscal 2021 Financial Results

Domino's Pizza, Inc., the largest pizza company in the world, announced results for the fourth quarter and fiscal 2021. Global retail sales were benefited in the fourth quarter and fiscal 2020 by the inclusion of an extra, or 53rd week. Global retail sales increased 9.0% in the fourth quarter of 2021, excluding the negative impact of foreign currency and the 53rd week impact. Global retail sales increased 11.7% in fiscal 2021, excluding the positive impact of foreign currency and the 53rd week impact. Global retail sales increased...

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Mar 1 8:31 AM, General News


The Wendy's Company Reports Fourth Quarter and Full Year 2021 Results

The Wendy's Company today reported results for the fourth quarter and fiscal year ended January 2, 2022.

"2021 was a breakthrough year, as evidenced by significant growth across our business," President and Chief Executive Officer Todd Penegor said. "Global same-restaurant sales accelerated to double digits on a one- and two-year basis, Company restaurant margins expanded by almost 200 basis points, and we opened more than 200 restaurants, highlighting the success of our strong brand and aligned system. In 2022, we are planning to deliver...

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Mar 1 8:21 AM, General News


Wingstop Inc. Announces Intention to Enter Into New Securitized Financing Facility

Wingstop Inc., today announced its intention to complete a securitized financing transaction, which will include a new series of securitized debt. The Company also expects to enter into a new variable funding note facility.

The Company intends to issue $250 million of new securitized notes (the "Notes"), in addition to its existing Series 2020-1 Fixed Rate Senior Notes. The Company intends to use the net proceeds from the issuance to pay transaction fees, strengthen the Company's liquidity position, and for general corporate purposes, which may include a...

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Feb 28 8:29 AM, General News


Jack in the Box Inc. Reports First Quarter 2022 Earnings

Jack in the Box Inc. announced financial results for the first quarter ended January 23, 2022, comprised of growth in systemwide sales and same-store sales.

“We began fiscal 2022 with solid results, including comps on a two-year basis of +13.7%, despite a challenging operating environment for the entire industry,” said Darin Harris, Jack in the Box Chief Executive Officer. “I am proud of the resilience demonstrated by our franchisees, operators and corporate team members in delivering for our guests during a difficult period. We remain highly focused..."

 

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Feb 23 8:48 AM, General News


Subway® Record-Setting 2021 Sales Results to Fuel 2022 Positive Momentum

Subway, one of the world's largest quick service restaurant brands, announced that 2021 was a record-setting year for the brand, driven by the launch of Eat Fresh® Refresh, the largest menu update in the brand's history, and the kick-off of its ongoing multi-year transformation journey.

Subway ended the year with U.S. sales exceeding projections by nearly $1.4 billion and its highest annual system average unit volume (AUV) since 2014. Despite challenges brought on by the pandemic, such as reduced operating hours, 75% of...

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Feb 22 8:57 AM, General News


Cracker Barrel Reports Second Quarter Fiscal 2022 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the second quarter of fiscal 2022 ended January 28, 2022.

Second Quarter Fiscal 2022 Highlights

- Compared to the second quarter of fiscal 20191, total revenue increased by 6.2% including comparable store restaurant sales increase of 1.9%, comparable store retail sales increase of 13.7%, and 7 Cracker Barrel and 31 Maple Street net unit additions.
- Comparable store off-premise restaurant sales grew 123% compared to the second quarter of 20191 and represented approximately 24%...

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Feb 22 8:21 AM, General News


Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2021 Results

Restaurant Brands International Inc. today reported financial results for the full year and fourth quarter ended December 31, 2021.

José Cil, Chief Executive Officer of RBI commented, "I'm proud of the strong performance our brands delivered as we closed out 2021. During the quarter, we saw sequential improvements in each brand and around the world, including notable growth at Tim Hortons Canada and Burger King U.S.

Cil continued, "Two areas of particular strength across our business have been in digital sales and restaurant growth. Our digital investments have..."

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Feb 17 8:31 AM, General News


Wingstop Inc. Reports Fiscal Fourth Quarter Financial Results

Wingstop Inc. today announced financial results for the fiscal fourth quarter ended December 25, 2021.

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

- 58 net new openings in the fiscal fourth quarter 2021
- Domestic same store sales increased 7.5%
- Two-year domestic same store sales increased 25.7%
- Domestic average unit volume ("AUV") increased to approximately $1.6 million
- System-wide sales increased 19.8% to $601.9 million
- Digital sales were 61.3% of sales, comparable to the prior fiscal fourth quarter
- Total revenue increased 13.8%...

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Feb 16 8:51 AM, General News


Kraft Heinz Reports Fourth Quarter and Full Year 2021 Results

The Kraft Heinz Company today reported financial results for the fourth quarter and full year 2021.

“Our strategic transformation has powered another year of outstanding performance,” said Kraft Heinz CEO Miguel Patricio. “Our achievements are proof that our scale and agility have led to better results and greater relevance with customers and consumers. We are generating efficiencies to fuel incremental investments in our business, which, along with successful pricing, are mitigating inflationary pressures. I'm proud of our incredible team and have great confidence that we will build on our momentum..."

 

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Feb 16 8:44 AM, General News


Pilgrim’s Pride Reports Fourth Quarter and Year-End 2021 Results

Pilgrim’s Pride Corporation, one of the world's largest poultry producers, reports its fourth quarter and year-end 2021 financial results.

2021 Highlights

- Net Sales of $14.8 billion, up 22% from prior year.
- Consolidated GAAP Operating Income margin of 1.4% with Adjusted U.S. Operating Income margin of 7.1%.
- GAAP Net Income of $31.0 million. Adjusted Net Income of $557.4 million, or adjusted EPS of $2.28.
- Adjusted EBITDA of $1.3 billion, or an 8.7% margin, 64% higher than prior year.
- Our strategy and our portfolio continue to...

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Feb 10 9:03 AM, General News


Yum China Reports Fourth Quarter and Full Year 2021 Results

Yum China Holdings, Inc. today reported unaudited results for the fourth quarter and year ended December 31, 2021.

Impact of COVID-19 Outbreak and Mitigation Efforts

Multiple waves of Delta variant outbreaks persisted throughout the fourth quarter, spreading to nearly all provinces in China. Case counts in the fourth quarter were the highest since the first quarter of 2020. These widespread outbreaks resulted in more stringent public health measures nationwide in pursuit of a zero-COVID-19 case goal. These preventive measures, which include mass testing, regional lockdowns and travel...

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Feb 9 8:32 AM, General News


Chipotle Announces Fourth Quarter and Full Year 2021 Results

Chipotle Mexican Grill, Inc. today reported financial results for its fourth quarter and fiscal year ended December 31, 2021.

Fourth quarter highlights, year over year:

- Total revenue increased 22.0% to $2.0 billion
- Comparable restaurant sales increased 15.2%
- Digital sales grew 3.8% and accounted for 41.6% of sales
- Operating margin was 8.1%, an increase from 7.3%
- Restaurant level operating margin was 20.2%1, an increase of 70 basis points
- Diluted earnings per share was $4.69, compared to $6.69. The fourth quarter of 2020 included an...

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Feb 9 8:22 AM, General News


Sysco Second Quarter Results Include Meaningful Market Share Gains & Progress in Growth Strategy

Sysco Corporation today announced financial results for its 13-week second fiscal quarter ended January 1, 2022.

Key highlights for the second quarter of fiscal year 2022:

- Second quarter sales increased 41.2% versus the same period in fiscal year 2021 and increased 10.5% versus the same period in fiscal year 2019, with meaningful market share gains;
- Product inflation effectively managed, despite the dynamic supply chain environment;
- Gross profit per case increased across all segments;
- Profitability impacted by temporary Omicron and labor cost increases during the quarter...

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Feb 8 9:47 AM, General News


Aramark Reports First Quarter Earnings

Aramark today reported first quarter fiscal 2022 results.

"I am grateful to the Aramark team around the world and their commitment to our hospitality culture," said John Zillmer, Aramark's Chief Executive Officer. "Their ongoing dedication is evident in our financial performance, with organic revenue reaching 92% of pre-COVID levels in the first quarter, while effectively managing through a heightened inflationary environment."

*Pre-COVID level reflects performance compared to the same period in fiscal '19

FIRST QUARTER RESULTS
Consolidated revenue was $3.9 billion in the quarter, an increase of 44% compared to the prior...

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Feb 8 9:02 AM, General News


Tyson Foods Reports First Quarter 2022 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the First Quarter 2022 Results.

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). 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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Feb 7 9:42 AM, General News


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







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