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Certified Angus Beef Brand Announces 15th Consecutive Year of Growth

For the 13th straight year, Certified Angus Beef LLC reported record sales of its signature Certified Angus Beef brand. It's also the 15th consecutive year of growth for the original brand of premium Angus beef. Nearly 19,000 processor, foodservice and retail global partners marketed 1.25 billion pounds in fiscal 2019, ending Sept. 30, a 3.1% increase over fiscal 2018.

That growth, said brand president John Stika, was made possible by "an entire community of Angus farmers, ranchers and feeders being extremely intentional over several years in how they breed, raise and care for cattle with a focus on quality."

It starts at the farm, but Stika credited everyone from gate to plate who brings...

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Oct 10 8:20 AM, General News



Domino's Pizza Announces Third Quarter 2019 Financial Results

Domino's Pizza, Inc., the largest pizza company in the world based on global retail sales, announced results for the third quarter, comprised of growth in global retail sales and earnings per share. Global retail sales increased 5.8% in the third quarter, or 7.5% without the negative impact of changes in foreign currency exchange rates. U.S. same store sales grew 2.4% during the quarter versus the prior year quarter, continuing the positive sales momentum in the Company's U.S. business.

The international division also posted positive results, with same store sales growth of 1.7% during the quarter. The third quarter marked the 103rd consecutive quarter of international same store sales growth and the 34th consecutive quarter of...

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Oct 8 10:07 AM, General News


United Natural Foods, Inc. Reports Fourth Quarter Fiscal 2019 Results

United Natural Foods, Inc. today reported financial results for the fourth quarter and fiscal year ended August 3, 2019.

Highlights

  • Fourth Quarter Net Sales Increased to $6.41 billion, or 2.8% when excluding the contribution from SUPERVALU and the additional week in the quarter compared to last year's fourth quarter
  • Fourth Quarter Net income of $18.9 million
  • Fourth Quarter Earnings Per Diluted Share (EPS) of $0.36; Adjusted EPS of $0.44
  • Net outstanding debt decreased by $166 million since the end of the third quarter and...
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Oct 2 8:18 AM, General News


Cal-Maine Foods Reports First Quarter Fiscal 2020 Results

Cal-Maine Foods, Inc. today reported results for the first quarter (thirteen weeks) ended August 31, 2019.

Net sales for the first quarter of fiscal 2020 were $241.2 million, a 29.2 percent decrease, compared to $340.6 million for the first quarter of fiscal 2018. The Company reported net loss of $45.8 million, or ($0.94) per basic and diluted share, for the first quarter of fiscal 2020, compared to net income of $12.4 million, or $0.26 per basic and diluted share, for the first quarter of fiscal 2019. Results for the first quarter of fiscal 2020 include a non-cash impairment charge of $2.9 million related to decommissioning some older, less efficient production facilities as the Company continues to...

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Sep 30 11:49 AM, General News


Conagra Brands Reports First Quarter Results

Today Conagra Brands, Inc. reported results for the first quarter of fiscal year 2020, which ended on August 25, 2019. All comparisons are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including "Organic net sales," "EBITDA," "Free cash flow," "Legacy Conagra," "Legacy Pinnacle," and certain "adjusted" results, are defined under the section entitled "Definitions." Effective as of the first quarter, the Company allocated the business components comprising the previous Pinnacle Foods reporting segment to the four Legacy Conagra reporting segments.

Highlights

  • First quarter net sales grew 30.3%, and organic net sales decreased 1.7%.
  • Diluted earnings per share from continuing operations (EPS) was $0.36 in the quarter; adjusted EPS of $0.43 benefitted from double-digit growth in...
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Sep 26 9:40 AM, General News


Cargill Reports Fiscal 2020 First-Quarter Results

Cargill today reported results for the fiscal 2020 first quarter ended Aug. 31, 2019. Key measures include:

  • Adjusted operating earnings were $908 million, up 3% from $883 million last year.
  • Net earnings on a U.S. GAAP basis were $915 million, a 10% decrease from last year’s strong comparative of $1.02 billion.
  • First-quarter revenues rose 1% to $29 billion.

“Our year started on a good note as we continued to help our customers navigate an unpredictable business environment,” said Dave MacLennan, Cargill’s chairman and chief executive officer. “Right now, we are focused on modernizing all aspects of our operations so we can...

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Sep 26 9:26 AM, General News


Darden Restaurants Reports Fiscal 2020 First Quarter Results

Darden Restaurants, Inc., today reported its financial results for the first quarter ended August 25, 2019.

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

Total sales increased 3.5% to $2.13 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 0.9%
Same-restaurant sales by brand...

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Sep 19 9:26 AM, General News


Cracker Barrel Reports Strong Fourth Quarter And Full Year Fiscal 2019 Results

Cracker Barrel Old Country Store, Inc., today reported its financial results for the fourth quarter of fiscal 2019 ended August 2, 2019.

Fourth Quarter Fiscal 2019 Highlights

  • Comparable store restaurant sales growth of 3.8% and traffic growth of 0.2% outperformed the casual dining industry.
  • Earnings per diluted share were $2.70 compared to prior year fourth quarter GAAP earnings per diluted share of $2.55, or $2.19 per share when adjusting for the impact of the prior year 53rd week.
  • As previously announced, the Company entered into a strategic relationship with Punch Bowl Social ("PBS") on July 18, 2019 by acquiring a...
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Sep 18 8:53 AM, General News


Kroger Reports Second Quarter 2019 Results

The Kroger Co. today reported its second quarter 2019 results and provided a Restock Kroger progress update on the company's three-year transformation plan.

Comments from Chairman and CEO Rodney McMullen

"The Restock Kroger framework is designed to reposition our core business by 2020 while continuing to deliver for shareholders.

We are pleased with the improvement of trends in our supermarket business in the second quarter. Guided by our customer obsession, Kroger delivered our best identical sales, without fuel, result since the launch of our transformation plan. FIFO gross margin, without fuel and pharmacy, was stable in our supermarket business. Gross margin headwinds in pharmacy were offset by strong fuel performance during...

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Sep 12 8:54 AM, General News


Tyson Foods Experiencing Short-Term Challenges in Fiscal Fourth Quarter

Tyson Foods, Inc. today said it is experiencing short-term challenges that are negatively affecting fourth quarter earnings. These challenges include margin compression related to a reversal of a gain on mark to market grain derivatives recognized in our third quarter, commodity market volatility, implementation of enhanced food safety initiatives, a beef processing plant fire, and slower than expected operational improvements in the Chicken segment. As a result, the company is revising its fiscal 2019 adjusted earnings guidance to a range of $5.30 to $5.70 per share and we continue to monitor potentially adverse mark-to-market movements and other volatilities.

“The discrete challenges we’ve encountered this quarter now lead us to believe we will fall short of our previously stated guidance,” said Noel White, Tyson Foods’ president and CEO, “but our outlook for fiscal 2020 remains...

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Sep 4 8:40 AM, General News


Sanderson Farms Reports Results for Third Quarter of Fiscal 2019

Sanderson Farms, Inc., today reported results for the third fiscal quarter and nine months ended July 31, 2019.

Net sales for the third quarter of fiscal 2019 were $945.2 million compared with $852.4 million for the same period a year ago. For the quarter, the Company reported net income of $53.4 million, or $2.41 per share, compared with net income of $11.5 million, or $0.50 per share, for the third quarter of fiscal 2018.

Net sales for the first nine months of fiscal 2019 were $2,533.8 million compared with $2,437.9 million for the first nine months of fiscal 2018. Net income for the first nine months of fiscal 2019 totaled $76.2 million, or $3.44 per share, compared with net income of $104.6 million, or $4.58 per share, for the first nine months of fiscal 2018. Net income for the first nine months of fiscal 2018 reflects a one-time non-cash benefit of $37.5 million, or...

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Aug 29 8:55 AM, General News


Red Robin Gourmet Burgers Reports Results for the Fiscal Second 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 quarter ended July 14, 2019.

Second Quarter 2019 Financial Highlights Compared to Second Quarter 2018

  • GAAP earnings per diluted share were $0.08 compared to a $0.14 loss per diluted share;
  • Adjusted earnings per diluted share were $1.03 compared to $0.46;
  • Net Income was $1.0 million compared to a net loss of $1.9 million;
  • Adjusted EBITDA was $25.5 million compared to...
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Aug 23 8:24 AM, General News


BJ’s Wholesale Club Announces Second Quarter Fiscal 2019 Results

BJ’s Wholesale Club Holdings, Inc., today announced its financial results for the thirteen and twenty-six weeks ended August 3, 2019.

“Second quarter results for sales and earnings were in line with our expectations,” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. "We delivered improved margins and continued to grow earnings as we executed against our strategic priorities. Our sales were particularly strong in the second half of the quarter as weather improved, and we ended with strong momentum. We are confident that we will deliver on our full-year expectations as we continue to...

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Aug 22 9:33 AM, General News


Hormel Foods Reports Third Quarter Results

Hormel Foods Corporation, a leading global branded food company, today reported results for the third quarter of fiscal 2019. All comparisons are to the third quarter of fiscal 2018 unless otherwise noted. Results reflect the divestiture of the CytoSport business. The impact of this transaction is excluded in the presentation of the non-GAAP measures below.

Executive Summary

  • Volume of 1.1 billion lbs., down 4%; organic volume down 1%
  • Net sales of $2.3 billion, down 3%; organic net sales flat
  • Pretax earnings of $261 million, up 1%
  • Operating margin of 11.2% compared to 10.9% last year
  • Effective tax rate of 23.6% compared to...
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Aug 22 9:11 AM, General News


Target Reports Second Quarter 2019 Earnings

Target Corporation today announced its second quarter 2019 performance, including comparable sales growth of 3.4 percent driven by a 2.4 percent increase in comparable traffic. The Company reported GAAP earnings per share (EPS) from continuing operations of $1.82 in second quarter 2019, up 22.0 percent from $1.49 in second quarter 2018. Second quarter Adjusted EPS of $1.82 was 23.9 percent higher than $1.47 in second quarter 2018. The attached tables provide a reconciliation of non-GAAP to GAAP measures. All earnings per share figures refer to diluted EPS.

  • Second quarter comparable sales grew 3.4 percent, driven by 2.4 percent traffic growth.
  • Comparable sales have grown approximately 10 percent over the last two years — the best performance in more than...
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Aug 21 8:50 AM, General News


SpartanNash Announces Second Quarter 2019 Financial Results

SpartanNash Company today reported financial results for the 12-week second quarter and 28-week period ended July 13, 2019.

“Consistent with our comments in the press release issued earlier this week, the Board of Directors and I remain confident in the Company’s overall strategic direction,” said Dennis Eidson, Interim President and Chief Executive Officer. “I am excited to work with our team of talented associates as we focus our efforts on improved execution, while continuing to...

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Aug 16 8:15 AM, General News


Walmart Releases Q2 FY20 Earnings

Total revenue was $130.4 billion, an increase of $2.3 billion, or 1.8%. Excluding currency, total revenue was $131.7 billion, an increase of $3.7 billion, or 2.9%.

Walmart U.S. comp sales increased on a two-year stacked basis by 7.3%, which is the strongest growth in more than 10 years. Segment operating income increased 4%, marking the fifth consecutive quarter of growth.

Walmart U.S. eCommerce sales growth of 37% includes strong growth in online grocery.

Sam's Club comp sales increased 1.2%, and eCommerce sales grew 35%. Reduced tobacco sales negatively affected...

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Aug 15 8:29 AM, General News


Kraft Heinz Reports Preliminary Financial Results for the First Half Of 2019

The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported preliminary financial results for the first half of 2019 that reflected lower net sales despite improving consumer takeaway trends in key markets, as well as the adverse impacts of ongoing cost inflation, greater investments, and higher depreciation and amortization expenses. Results also included preliminary non-cash impairment charges related to goodwill and intangible assets that more than offset a one-time gain on the sale of the Company's India nutritional beverages business.

“The level of decline we experienced in the first half of this year is nothing we should find acceptable moving forward," said Kraft Heinz CEO Miguel Patricio. "We have significant work ahead of us to set our strategic priorities and change...

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Aug 14 10:04 AM, General News


Performance Food Group Reports Fourth-Quarter and Full-Year Fiscal 2019 Results

Performance Food Group Company today announced its fourth-quarter and full-year fiscal 2019 business results. “Fiscal 2019 was a successful year for PFG, and I’m very pleased with our team’s execution,” said George Holm, PFG’s Chairman, President and Chief Executive Officer. “Our strong top-line growth, combined with increased gross profit per case, led to profitability at the high end of our expectations for the year. Our core business segments delivered strong financial results led by Vistar’s double-digit EBITDA growth. Looking ahead to fiscal 2020, we believe our two recently announced strategic acquisitions position us well across our business and we expect fiscal 2020 to be another year of solid earnings growth.”

Fourth-Quarter Fiscal 2019 Highlights

  • Total case volume grew 9.2%
  • Net sales increased 28.4% to $5.9 billion
  • Gross profit improved 14.4% to...
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Aug 14 8:26 AM, General News


FAT Brands Reports Fiscal Second Quarter 2019 Financial Results

FAT Brands Inc. today reported fiscal second quarter 2019 financial results for the 13-week period ending June 30, 2019.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased to report that the considerable growth in revenues was matched by an equally robust increase in adjusted EBTDA and that we leveraged our G&A expenses on our expanded top-line.”

Wiederhorn continued, “We are also excited to have closed on our acquisition of Elevation Burger in June. The brand is well-aligned with our own commitment to fresh, authentic, tasty food and we are confident that it has considerable opportunity to expand domestically and internationally with its organic, free-range, grass-fed offerings. Elevation Burger reflects another synergistic opportunity for...

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Aug 14 8:19 AM, General News


Sysco Reports Fourth Quarter and Full Year 2019 Results

Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 29, 2019.

Fourth Quarter Fiscal 2019 Highlights

  • Sales increased 1.0% to $15.5 billion
  • Gross profit increased 2.1% to $3.0 billion; gross margin increased 21 basis points
  • Operating income increased 5.4% to $720.5 million; adjusted¹ operating income increased 6.6% to $818.1 million
  • EPS increased $0.18 to $1.03; adjusted EPS increased...
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Aug 12 9:22 AM, General News


Nathan's Famous, Inc. Reports First Quarter Results

Nathan's Famous, Inc. (“Nathan’s”, the “Company”,  today reported results for its first fiscal quarter ended June 30, 2019.

For the thirteen-week period ended June 30, 2019 (“first quarter fiscal 2020”):

  • Revenues were $30,518,000, as compared to $30,168,000 during the thirteen weeks ended June 24, 2018;
  • Income from operations was $9,448,000, as compared to $9,087,000 during the thirteen weeks ended June 24, 2018;
  • Adjusted EBITDA1 , a non-GAAP financial measure, was $10,173,000 as compared to $9,595,000 for the thirteen weeks ended...
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Aug 9 9:32 AM, General News


The Wendy's Company Reports Second Quarter 2019 Results

The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the second quarter ended June 30, 2019.

"We delivered another quarter of strong earnings growth and are pleased with our continued progress to build an even stronger foundation for the Wendy's® brand," President and Chief Executive Officer Todd Penegor said. "We are executing on our plan to accelerate same-restaurant sales in North America and drive global restaurant expansion, fueled by a healthy restaurant economic model . Our relentless focus on bringing every element of The Wendy's Way to life by providing...

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Aug 7 9:20 AM, General News


Papa John's Announces Second Quarter 2019 Results 

Papa John’s International, Inc. (NASDAQ: PZZA)today announced financial results for the three and six months ended June 30, 2019.

Highlights

  • Second quarter 2019 earnings per diluted share of $0.15
  • Excluding Special items, adjusted earnings per diluted share of $0.28 compared to $0.48 for the second quarter of 2018
  • Second quarter system-wide North America comparable sales decrease of 5.7%
  • Second quarter international comparable sales increase of...
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Aug 7 8:20 AM, General News


Aramark Reports Third Quarter Results

Aramark (NYSE: ARMK) today reported third quarter fiscal 2019 results.

“Our performance in the third quarter was strong and broad-based, anchored in a relentless focus on innovative growth strategies that directly engage the millions of consumers we serve every day,” said Eric J. Foss, Aramark’s Chairman, President and CEO. "We continue to advance our brand and product offerings as part of our commitment to combine technology, convenience and curation across our portfolio. This disciplined approach, combined with the exemplary efforts of our global team members, drove solid year-to-date results, positioning us well to achieve our full year expectations.

“The foundation we are creating provides us with ample opportunity to infuse sales growth and optimize our investments to scale the business,” Foss added. “As a testament to our enhanced...

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Aug 6 9:49 AM, General News


US Foods Reports Second Quarter Fiscal 2019 Earnings

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the second quarter of fiscal 2019.

Second Quarter Fiscal 2019 Highlights

  • Total case volume increased 1.7%; independent restaurant case volume increased 4.8%
  • Net sales increased 4.6% to $6.4 billion
  • Gross profit increased 2.5% to $1.1 billion
  • Income before income taxes decreased $7 million to $154 million
  • Net income decreased $10 million to $116 million
  • Adjusted EBITDA increased 6.7% to...
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Aug 6 9:39 AM, General News


Blue Apron Holdings Reports Second Quarter 2019 Results

Blue Apron Holdings, Inc. (NYSE: APRN) announced today financial results for the quarter ended June 30, 2019.

“Blue Apron’s next phase will be defined by focusing on our customers and our core business in order to return the business to growth in 2020,” said Linda Findley Kozlowski, Blue Apron Chief Executive Officer. “We’ve clearly and thoroughly demonstrated results in operational optimization and fiscal discipline throughout the organization. Now, we need to prove we can grow our customer base and revenue through both better execution and new initiatives that enable our core business to reach its full potential. Our market opportunity is large and we believe that it is growing, leading to...

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Aug 6 8:42 AM, General News


Tyson Foods Reports Third Quarter Fiscal 2019 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 Nine Months Highlights

•GAAP EPS of $4.51, down 33% from record prior year (prior year included a one-time tax benefit of $2.71)
•Adjusted EPS of $4.25, down 7% from record prior year
•GAAP operating income of $2,223 million; Adjusted operating income of $2,291 million
•Total Company GAAP operating margin...

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Aug 5 8:24 AM, General News


Ruth’s Hospitality Group Reports Second Quarter 2019 Financial Results

Ruth’s Hospitality Group, Inc. (the “Company”) (NASDAQ: RUTH) today reported unaudited financial results for its second quarter ended June 30, 2019.

Highlights for the second quarter of 2019 were as follows:

  • Restaurant sales in the second quarter of 2019 increased 0.5% to $104.0 million compared to $103.5 million in the second quarter of 2018. Average unit weekly sales were $102.6 thousand in the second quarter of 2019, a decrease of 0.8% compared to $103.4 thousand in the second quarter of 2018.
  • Net income in the second quarter of 2019 was $9.3 million, or $0.31 per diluted share, compared to net income of $9.6 million, or $0.32 per diluted share, in the second quarter of 2018.

Net income in the second quarter of 2019 included $71 thousand in acquisition-related expenses associated with...

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Aug 2 9:14 AM, General News


Restaurant Brands International Reports Second Quarter 2019 Results

Restaurant Brands International Inc. today reported financial results for the second quarter ended June 30, 2019.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the second quarter, we grew global system-wide sales nearly 8% and crossed two restaurant milestones with more than 26,000 restaurants globally, including more than 18,000 Burger King restaurants."

"We are excited by the tremendous opportunity for restaurant growth in front of us, most recently highlighted by new partnerships we announced for Popeyes in China and Spain, and Tim Hortons in Thailand," continued Cil. "We are working closely with our restaurant owners to deliver an enhanced guest experience including...

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Aug 2 9:03 AM, General News


Dunkin' Brands Reports Second Quarter 2019 Results

Dunkin' Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' and Baskin-Robbins (BR), today reported results for the second quarter ended June 29, 2019.

"Continuing the momentum established earlier in the year, our second quarter performance was highlighted by double-digit sales growth of espresso, our national value platforms, and terrific consumer reception to our latest menu innovation, our better-for-you Power Platform. We're attracting a new consumer with both espresso and our Power Platform and will continue to bring more on-trend innovation to fuel guests throughout the day," said David Hoffmann, Dunkin' Brands Chief Executive Officer and President of Dunkin' U.S. "Additionally, as a result of...

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Aug 2 8:17 AM, General News


Pilgrim's Pride Reports Second Quarter Results

Pilgrim’s Pride Corporation (NASDAQ: PPC) reports second quarter 2019 financial results.

Second Quarter Highlights

  • Net Sales of $2.84 billion.
  • Net Income of $170.1 million.
  • Operating Income margins of 9.8% in U.S., 17.5% in Mexico and 4.5% in Europe operations, respectively.
  • Adjusted EBITDA of $349.3 million (or a 12.3% margin), and Adjusted EPS of $0.69.
  • U.S. portfolio continues to deliver strong results in our differentiated segments, while more market features and promotional activity of chicken supported better demand in the commodity segment. We continue to evolve our well-balanced portfolio to further...
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Aug 2 8:17 AM, General News


Maple Leaf Foods Reports Second Quarter 2019 Financial Results

Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for the second quarter ending June 30, 2019.

Quarterly Highlights

  • Sales increased by 12.5%, driven by acquisitions, our value-added product portfolio and continued double-digit growth in plant-based protein
  • Recorded a net loss of $6.3 million or $0.05 per share due to $60.7 million of non-cash fair value changes on balance sheet items, not reflective of the commercial performance of the Company and excluded from Adjusted EBITDA
  • Adjusted EBITDA Margin of 11.3% in meat protein and 10.6% for the Company, driven by strong commercial performance
  • Net Debt of $403.4 million, of which...
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Aug 1 9:38 AM, General News


Dine Brands Global Inc Reports Strong Second Quarter 2019 Results

Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, today announced financial results for the second quarter of 2019.

“Our strategy continues to drive significant improvements across key metrics. We have made important decisions over the last two years that have improved our fundamentals and enhanced our ability to deliver sustainable growth. We successfully completed a $1.3 billion refinancing of our securitized debt, replacing our 2014 fixed rate senior secured notes. We are also pleased to announce that Applebee’s franchisees agreed to extend the increase in the advertising contribution rate to 4.25% through the end of next year,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.

Mr. Joyce continued, “Our performance reflects the strength and stability of our highly franchised business model. While comparable same-restaurant sales at Applebee’s were lower than expected, these results are not indicative of...

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Aug 1 9:16 AM, General News


Yum China Reports Second Quarter 2019 Results

Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today reported unaudited results for the second quarter ended June 30, 2019. Reported GAAP results include Special Items, which are excluded from adjusted measures. Special Items are not allocated to any segment and therefore only impact reported GAAP results of Yum China. See "Reconciliation of Reported GAAP Results to Adjusted Measures" within this release.

Second Quarter Highlights

  • Total revenues increased 3% year over year to $2.12 billion from $2.07 billion (10% year over year increase excluding foreign currency translation ("F/X")).
  • Total system sales grew 10% year over year, with growth of 12% at KFC and 4% at Pizza Hut, excluding F/X.
  • Same-store sales grew...
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Jul 31 8:19 AM, General News


Grubhub Reports Second Quarter 2019 Results

Grubhub Inc. (NYSE: GRUB), the nation's leading online and mobile food-ordering and delivery marketplace, today announced financial results for the second quarter ended June 30, 2019. The Company posted revenues of $325 million, which is a 36% year-over-year increase from $240 million in the second quarter of 2018. Gross Food Sales grew 20% year-over-year to $1.5 billion, up from $1.2 billion in the same period last year.

"The team continued executing in the second quarter, adding thousands of new, high-quality independent and enterprise restaurants and growing our active diner base to more than 20 million," said Matt Maloney, Grubhub founder and CEO. "We are excited about the trajectory of our two-sided marketplace – both in terms of geographic diversity and depth in individual markets. Restaurants are increasingly valuing the incremental sales and...

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Jul 30 9:38 AM, General News


Del Taco Restaurants Reports Fiscal Second Quarter 2019 Financial Results

Del Taco Restaurants, Inc. (“Del Taco” or the “Company”), (NASDAQ: TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal second quarter 2019 financial results for the 12-week period ending June 18, 2019. Del Taco also reaffirmed its previously announced guidance for fiscal year 2019.

Fiscal Second Quarter 2019 Highlights

  • System-wide comparable restaurant sales increased 2.2%;
  • Company-operated comparable restaurant sales increased 1.7%. Company-operated comparable restaurant sales were comprised of average check growth of 4.2%, including slight menu mix growth, partially offset by a transaction decline of 2.5%;
  • Franchised comparable restaurant sales increased...
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Jul 30 8:55 AM, General News


Beyond Meat Reports Second Quarter 2019 Financial Results 

Beyond Meat, Inc. (NASDAQ:BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today reported financial results for its second quarter and six months ended June 29, 2019.

Second Quarter 2019 Financial Highlights Compared to Prior Year Period

  • Net revenues were $67.3 million, an increase of 287%;
  • Gross profit was $22.7 million, or 33.8% as a percentage of net revenues, compared to gross profit of $2.6 million, or 15.0% as a percentage of net revenues, in the year-ago period;
  • Net loss was $9.4 million, or a loss of $0.24 per common share, compared to net loss of $7.4 million, or a loss of $1.22 per common share in the year-ago period; and...
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Jul 30 8:21 AM, General News


Starbucks Reports Q3 Fiscal 2019 Results

Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended June 30, 2019. GAAP results in fiscal 2019 and fiscal 2018 include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“Starbucks delivered strong operating performance in the third quarter, further demonstrating that our ‘Growth at Scale’ agenda is working,” says Kevin Johnson, president and ceo. “Our two targeted long-term growth markets, the U.S. and China, performed extremely well across a number of measures as a result of our focus on enhancing...

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Jul 26 10:15 AM, General News


Chipotle Announces Second Quarter 2019 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2019.

Second quarter highlights, year over year:

  • Revenue increased 13.2% to $1.4 billion
  • Comparable restaurant sales increased 10.0%, net of 40 bps from loyalty deferral, and included nearly 7% of comparable restaurant transaction growth
  • Digital sales grew 99.1% and accounted for 18.2% of sales for the quarter
  • Restaurant level operating margin was 20.9%, an increase from 19.7%
  • Diluted earnings per share was $3.22, net of a $0.77 after-tax impact from expenses related to restaurant asset impairment, corporate restructuring, and certain other costs, a 91.7% increase from $1.68. Adjusted diluted earnings per share excluding...
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Jul 25 8:26 AM, General News


Albertsons Reports First Quarter Results

Albertsons Companies, Inc. (the "Company") today reported results for the first quarter of fiscal 2019, which ended June 15, 2019.

First Quarter of Fiscal 2019 Highlights

  • Identical sales increased 1.5%
  • Adjusted EBITDA increased 7.5% to $877 million compared to last year
  • Net income of $49.0 million compared to a net loss of $17.7 million last year
  • Own Brands sales penetration reached 25.3%
  • Digital and eCommerce sales grew 33%
  • Net debt leverage reduced to...
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Jul 25 8:26 AM, General News


Cargill Reports Fiscal 2019 Fourth-quarter and Full-year Results

Cargill today reported results for the fiscal 2019 fourth quarter and full year ended May 31, 2019. Key measures include: 

  • Adjusted operating earnings were $476 million, down 41% from the $809 million earned in last year’s record fourth quarter. This brought earnings for the full fiscal year to $2.82 billion, 12% below last year’s top performance.
  • Net earnings on a U.S. GAAP basis were $235 million, down 67% from $711 million in the strong comparative period. For the 12 months, net earnings decreased 17% to $2.56 billion...
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Jul 11 9:15 AM, General News


Conagra Brands Reports Fourth Quarter And Full-Year Results 

Today Conagra Brands, Inc. (NYSE: CAG) reported results for the fourth quarter and full fiscal year 2019, which ended on May 26, 2019. All comparisons for total Company and Legacy Conagra results are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including "Organic net sales," "Legacy Conagra," "EBITDA," "Free cash flow," and certain "adjusted" results, are defined under the section entitled "Definitions." 

Highlights 

- Fiscal 2019 net sales grew 20.2%; organic net sales excluding the sale of the Trenton, Missouri production facility (Trenton) grew...

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Jun 27 10:16 AM, General News


Darden Restaurants Reports Fiscal 2019 Fourth Quarter and Full Year Results

Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the fourth quarter and fiscal year ended May 26, 2019.

Fourth Quarter 2019 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

  • Total sales increased 4.5% to $2.23 billion driven by the addition of 39 net new restaurants and a blended same-restaurant sales increase of 1.6%
  • Reported diluted net earnings per share from continuing operations increased 19.3% to $1.67
  • Adjusted diluted net earnings per share from continuing operations increased 26.6% to $1.76 after excluding approximately $0.09 of a non-cash charge related to restaurant asset impairments
  • The Company repurchased approximately $42 million of...
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Jun 21 8:23 AM, General News


Kroger Reports First Quarter 2019 Results

The Kroger Co. (NYSE: KR) today reported its first quarter 2019 results and provided a Restock Kroger progress update on the company's three-year transformation plan.

Comments from Chairman and CEO Rodney McMullen

"Because the retail industry is constantly transforming, we proactively launched Restock Kroger to deliver for our customers and shareholders. It all starts with our customer obsession, which is why Kroger is assembling a platform to deliver anything, anytime, anywhere.

We are building momentum in the second year of Restock Kroger, which is off to a solid start. The entire company is focused on redefining the grocery customer experience, improved upon by...

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Jun 20 12:30 PM, General News


United Natural Foods Inc Reports Third Quarter Fiscal 2019 Results

United Natural Foods, Inc. (NYSE: UNFI) (the "Company" or "UNFI") today reported financial results for the third quarter of fiscal 2019 ended April 27, 2019.

Third Quarter Fiscal 2019 Highlights

  • Net Sales Increased to $5.96 Billion, Including $3.24 Billion from SUPERVALU
  • Earnings Per Diluted Share (EPS) of $1.12; Adjusted EPS of $0.61
  • Integration of SUPERVALU Progressing; UNFI Now Operating As One Company with A National Leadership Team and Structure

"Our transformational journey continues, and I'm proud of what our team has accomplished this quarter," said Steven L. Spinner, Chairman and Chief Executive Officer. "I am excited about our next chapter and the acceleration of value creation we expect to...

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Jun 6 8:57 AM, General News


Cracker Barrel Reports Third Quarter Fiscal 2019 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the third quarter of fiscal 2019 ended May 3, 2019.

Third Quarter Fiscal 2019 Highlights

  • Comparable store restaurant sales growth of 1.3% and traffic of -1.8% outperformed the casual dining industry.
  • Earnings per diluted share were $2.09, a 3.0% increase compared to $2.03 in the prior year third quarter.
  • The Company announced its Board of Directors increased the quarterly dividend to $1.30 per share on...
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Jun 5 9:24 AM, General News


Red Robin Gourmet Burgers Reports Results for the Fiscal First Quarter Ended April 21, 2019

Red Robin Gourmet Burgers, Inc., (NASDAQ:RRGB) last week reported financial results for the quarter ended April 21, 2019.

First Quarter 2019 Financial Highlights Compared to First Quarter 2018

  • GAAP earnings per diluted share were $0.05 compared to $0.34;
  • Adjusted earnings per diluted share were $0.19 compared to $0.69 (see Schedule I);
    Total revenues were $409.9 million, a decrease of 2.8%;
  • Off-premise sales increased 20.6%, now comprising 11.6% of total food and beverage sales, including catering;
  • Comparable restaurant revenue decreased 3.3% (using...
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Jun 3 12:11 PM, General News


Sanderson Farms Inc Reports Results for Second Quarter of Fiscal 2019

Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for its second fiscal quarter and six months ended April 30, 2019.

Net sales for the second quarter of fiscal 2019 were $845.2 million compared with $813.5 million for the same period a year ago. For the quarter, net income was $40.6 million, or $1.83 per share, compared with net income of $41.9 million, or $1.84 per share, for the second quarter of fiscal 2018.

Net sales for the first six months of fiscal 2019 were $1,588.6 million compared with $1,585.4 million for the same period of fiscal 2018. Net income for the first half of the fiscal year totaled $22.8 million, or $1.03 per share, compared with net income of $93.2 million, or $4.08 per share, for the first six months of fiscal 2018...

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May 30 9:03 AM, General News


BJ’s Wholesale Club Holdings Inc Announces First Quarter Fiscal 2019 Results

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) (the "Company") today announced its financial results for the thirteen weeks ended May 4, 2019.

“We are pleased with our solid start to the year,” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. "We delivered merchandise comparable sales of 1.9%, improved margins and continued to grow earnings by executing against our strategic priorities. Looking forward, we continue to see momentum across our business and are encouraged by the opportunities ahead of us, as we continue to transform BJ's Wholesale Club."

“In addition, Robert Steele has been appointed to serve as BJ’s Lead Independent Director,” said Baldwin. “His extensive experience and knowledge of our industry and business will be invaluable to our company.”

Additional Highlights...

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May 23 11:17 AM, General News


Hormel Foods Reports Second Quarter Results

Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the second quarter of fiscal 2019. All comparisons are to the second quarter of fiscal 2018 unless otherwise noted.

Executive Summary 

  • Volume of 1.2 billion lbs., up 1%
  • Record net sales of $2.3 billion, up 1%
  • Pretax earnings of $318 million, up 7%
  • Diluted earnings per share of $0.52
  • Excluding one-time gain on the divestiture of CytoSport, adjusted diluted EPS1 of $0.46 per share
  • Effective tax rate of 11.1% compared to 20.0% last year
  • Operating margin of 13.3% compared to 12.9% last year
  • Year-to-date cash flow from operations of $366 million, down 18% due to...
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May 23 8:18 AM, General News


SpartanNash Announces First Quarter 2019 Financial Results

SpartanNash Company (the "Company") (Nasdaq: SPTN) today reported financial results for the 16-week first quarter ended April 20, 2019.

"We are pleased with our team's efforts to grow net sales across all three business segments, particularly in light of the challenging operating environment," said David Staples, President and Chief Executive Officer. "While we are not satisfied with our bottom-line results for the quarter, our team remains committed to our fiscal 2019 objectives and long-term strategy, which we believe will support both future growth and profitability long-term."

Strategic Business Objectives

As outlined in its fourth quarter earnings release, the Company has defined its top five objectives for 2019. These objectives remain critical in the context of the Company's long-term strategic objective to evolve into a company with a national, highly efficient distribution platform servicing a diverse customer base through...

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May 21 8:56 AM, General News


FAT Brands Inc Reports Fiscal First Quarter 2019 Financial Results

FAT(Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported fiscal first quarter 2019 financial results for the 13-week period ending March 31, 2019.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “Results in the first quarter reflect continued strength of the Fatburger brand and improvements at the Hurricane brand, offset by softness at Ponderosa and Bonanza Steakhouses.

During the quarter, we continued to execute our key strategic initiatives to drive same-store sales growth across our brands...

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May 15 9:59 AM, General News


Alibaba Group Announces March Quarter and Full Fiscal Year 2019 Results

Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter and fiscal year ended March 31, 2019. “More and more, Alibaba is becoming synonymous with everyday consumption in China, growing our base to 654 million annual active consumers and extending our penetration in less-developed cities,” said Daniel Zhang, Chief Executive Officer of Alibaba Group. “Our cloud and data technology and tremendous traction in New Retail have enabled us to continuously transform the way businesses operate in China and other emerging markets, which will contribute to our long-term growth.”

“We delivered another strong quarter and excellent fiscal year, led by fiscal year revenue growth of 51% as well as robust user growth and engagement across our ecosystem. Excluding the effects of consolidating acquired businesses, revenue would have...

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May 15 8:37 AM, General News


The Wendy's Company Reports First Quarter 2019 Results

The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the first quarter ended March 31, 2019.

"We delivered strong earnings growth in the first quarter and are proud of our continued progress to build an even stronger foundation for the Wendy's brand," President and Chief Executive Officer Todd Penegor said. "We are executing on our plan to accelerate same-restaurant sales in North America and drive global restaurant expansion, fueled by a healthy restaurant economic model. Our relentless focus on bringing every element of The Wendy's Way to life by providing food our customers love, friendly service, value, and an inviting atmosphere will continue to drive growth in the future...

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May 9 8:19 AM, General News


Del Taco Restaurants Reports Fiscal First Quarter 2019 Financial Results

Del Taco Restaurants, Inc., (NASDAQ: TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal first quarter 2019 financial results for the 12-week period ending March 26, 2019. Del Taco also reaffirmed its previously announced guidance for fiscal year 2019.

Fiscal First Quarter 2019 Highlights

  • System-wide comparable restaurant sales decreased 0.1%;
  • Company-operated comparable restaurant sales decreased 0.6%. Company-operated comparable restaurant sales were comprised of average check growth of 4.9%, including nearly 1% of menu mix growth, offset by a transaction decline of 5.5%;
  • Franchised comparable restaurant sales grew...
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May 7 3:19 PM, General News


US Foods Reports First Quarter Fiscal 2019 Earnings 

US Foods Holding Corp. (NYSE: USFD),one of the largest foodservice distributors in the United States, today announced results for the first quarter of fiscal 2019.

First Quarter Fiscal 2019 Highlights

  • Total case volume increased 1.4%; independent restaurant case volume increased 5.5%
  • Net sales increased 3.6% to $6.0 billion
  • Gross profit increased 6.0% to $1,052 million
  • Income before income taxes increased $28 million to $91 million
  • Net income increased $4 million to $71 million
  • Adjusted EBITDA increased 3.6% to...
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May 7 11:54 AM, General News


Sysco Reports Third Quarter Fiscal 2019 Results

Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week third fiscal quarter ended March 30, 2019.

Third Quarter Fiscal 2019 Highlights

  • Sales increased 2.2% to $14.7 billion
  • Gross profit increased 2.9% to $2.8 billion; gross margin increased 14 basis points
  • Operating income increased 9.8% to $529.6 million; adjusted¹ operating income increased 16.6% to $620.2 million
  • EPS increased $0.22 to $0.85; adjusted¹ EPS increased $0.12 to $0.79...
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May 6 11:32 AM, General News


Ruth’s Hospitality Group, Inc. Reports First Quarter 2019 Financial Results

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) today reported unaudited financial results for its first quarter ended March 31, 2019.

Highlights for the first quarter of 2019 were as follows:

  • Restaurant sales in the first quarter of 2019 increased 2.4% to $113.0 million compared to $110.4 million in the first quarter of 2018. Average unit weekly sales were $111.4 thousand in the first quarter of 2019, an increase of 1.1% compared to $110.3 thousand in the first quarter of 2018.
  • Net income in the first quarter of 2019 was $13.9 million, or $0.47 per diluted share, compared to net income of $13.6 million, or $0.45 per diluted share, in the first quarter of 2018...
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May 6 8:51 AM, General News


Tyson Foods Reports Strong Second Quarter Fiscal 2019 Results

Tyson Foods, Inc. (NYSE: TSN), 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 $2.67, down 49% from record prior year (prior year included a one-time tax benefit of $2.71)
  • Adjusted EPS of $2.78, down 10% from record prior year
  • GAAP operating income of $1,442 million; Adjusted operating income of $1,495 million
  • Total Company GAAP operating margin of 7.0%; Adjusted operating margin of...
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May 6 8:47 AM, General News


Shake Shack Announces First Quarter 2019 Financial Results

Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today reported its financial results for the first quarter ended March 27, 2019, a period that included 13 weeks.

Financial Highlights for the First Quarter 2019 compared to the First Quarter 2018:

  • Total revenue increased 33.8% to $132.6 million.
  • Shack sales increased 33.8% to $128.6 million.
  • Same-Shack sales increased 3.6%.
  • Shack system-wide sales increased 33.5% to $195.2 million.
  • Operating income was $5.2 million, or 3.9% of total revenue, which included the impact of costs associated with Project Concrete and other one-time items totaling $0.5 million, resulting in a decrease of 20.8%.
  • Shack-level operating profit...
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May 3 9:44 AM, General News


The Cheesecake Factory Reports Results for First Quarter of Fiscal 2019

The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the first quarter of fiscal 2019, which ended on April 2, 2019.

Total revenues were $599.5 million in the first quarter of fiscal 2019 compared to $584.7 million in the first quarter of fiscal 2018. Net income and diluted net income per share were $27.0 million and $0.60, respectively, in the first quarter of fiscal 2019.

Excluding the after-tax impact of the $1.5 million loss on the Company’s minority investments, net income and diluted net income per share for the first quarter of fiscal 2019 would have been $28.1 million and $0.62, respectively. Please see the Company’s reconciliation of non-GAAP financial measures at the end of this release...

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May 2 11:40 AM, General News


Maple Leaf Foods Reports First Quarter 2019 Financial Results

Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for the first quarter ending March 31, 2019.

Quarter highlights

  • Sales up 11.0% driven by acquisitions and growth in core business
  • Adjusted EBITDA margin of 9.3%, impacted by investments in growth for plant-based protein, start-up in new capacity in protein kits and meat pies, and integration of 2018 acquisitions
  • Announced capital investment of US$336.0 million to expand plant-based protein capacity to secure continued leadership position and meet escalating demand...
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May 2 11:26 AM, General News


Dunkin' Brands Reports First Quarter 2019 Results

Dunkin' Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' and Baskin-Robbins (BR), today reported results for the first quarter ended March 30, 2019.

"While we are still in the early innings of the implementation of our Blueprint for Growth, Dunkin' U.S. delivered a strong first quarter, including 5.5 percent systemwide sales growth and a 2.4 percent increase in comparable store sales, which was the largest quarterly comparable store sales increase in four years. This solid performance, across both morning and afternoon, was driven by consistent, compelling national value promotions and continued beverage sales momentum. In particular, the relaunch of our highly successful...

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May 2 10:28 AM, General News


Pilgrim's Pride Releases First Quarter Results

Pilgrim’s Pride Corporation (NASDAQ: PPC) reports first quarter 2019 financial results.

First Quarter Highlights

  • Net Sales of $2.72 billion.
  • Net Income of $84.0 million.
  • Operating Income margins of 6.1% in U.S., 2.9% in Mexico and 2.5% in Europe operations, respectively.
  • Adjusted EBITDA of $204.4 million (or a 7.5% margin), and Adjusted EPS of $0.35.
  • Significant sequential rebound in U.S. operations vs. Q4, driven by stronger markets as feature activities tracked much closer to seasonality. Our balanced portfolio has continued to evolve, realizing the results of investments made...
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May 2 9:22 AM, General News


Dine Brands Global Reports First Quarter Results 

Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, today announced financial results for the first quarter of 2019.

“Dine Brands delivered another impressive quarter. Our performance and momentum reflect the continued improvement in our core business. We delivered double-digit growth in several key metrics. The implementation of multi-pronged strategies at Applebee’s and IHOP have produced positive results. Both brands reported positive comparable sales growth for the first quarter, lapping over positive sales results for the first quarter of 2018,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc...

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May 2 9:14 AM, General News


Yum! Brands Reports First Quarter Results 

Yum! Brands, Inc. (NYSE: YUM) today reported results for the first-quarter ended March 31, 2019. Worldwide system sales excluding foreign currency translation grew 8%, with 7% net-new units and 4% same-store sales growth. First-quarter GAAP EPS was $0.83, a decrease of (35)%. First-quarter EPS excluding Special Items was $0.82, a decrease of (8)%.

Greg Creed Comments

Greg Creed, CEO, said, “The third and final year of our transformation is underway and I’m thrilled with the progress towards our commitment to becoming a more focused, more franchised, and more efficient growth company. First-quarter results were a solid start to the year, reflecting particular strength at the KFC division and Taco Bell U.S. With this quarter, we have a healthy foundation to...

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May 2 9:07 AM, General News


McDonald's Reports First Quarter 2019 Results

McDonald's Corporation today announced results for the first quarter ended March 31, 2019.

"We started the year strong with our 15th consecutive quarter of positive global comparable sales, reflecting continued broad-based momentum across each of our global segments," said McDonald's President and Chief Executive Officer Steve Easterbrook. "We remain focused on running better restaurants and elevating the experience for our customers by providing convenience on their terms through delivery, Experience of the Future, and our evolving digital channels."

First quarter highlights...

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Apr 30 9:22 AM, General News


Restaurant Brands International Inc. Reports First Quarter 2019 Results

Restaurant Brands International Inc. (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the first quarter ended March 31, 2019.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "At BURGER KING® and POPEYES®, we saw strong system-wide sales growth driven by net restaurant growth, reflecting the strength of our brands and business model around the world. Underlying fundamentals at TIM HORTONS® remain strong and we are excited about our first three restaurants in China. Overall, we are confident in the long-term growth prospects for each of our three iconic brands, and remain focused on providing a great guest experience while driving franchisee profitability...

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Apr 29 9:56 AM, General News


Starbucks Reports Q2 Fiscal 2019 Results

Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter ended March 31, 2019. GAAP results in fiscal 2019 and fiscal 2018 include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“Starbucks delivered another quarter of solid operating results, demonstrating that our ‘Growth at Scale’ agenda is working,” said Kevin Johnson, president and ceo. “We are especially pleased with our comparable store sales growth in our two lead markets, the U.S. and China, where we are also continuing to drive strong new store development with industry-leading returns. With solid first-half financial results, we are on track to deliver on our full-year commitments...

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Apr 26 10:03 AM, General News


Amazon.com Announces First Quarter Sales

Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2019.

Operating cash flow increased 89% to $34.4 billion for the trailing twelve months, compared with $18.2 billion for the trailing twelve months ended March 31, 2018. Free cash flow increased to $23.0 billion for the trailing twelve months, compared with $7.3 billion for the trailing twelve months ended March 31, 2018. Free cash flow less principal repayments of finance leases and financing obligations increased to $15.1 billion for the trailing twelve months, compared with $1.1 billion for the trailing twelve months ended March 31, 2018. Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to an inflow of $11.8 billion for the trailing twelve months, compared with an outflow of $3.0 billion for the trailing twelve months ended March 31, 2018.

On January 1, 2019, we adopted accounting guidance amending the accounting for leases, which did not have a material impact on our first quarter operating results. Prior period amounts were not retrospectively adjusted. Under this new guidance...

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Apr 26 8:40 AM, General News


Grubhub Reports First Quarter 2019 Results

Grubhub Inc. (NYSE: GRUB), the nation's leading online and mobile food-ordering and delivery marketplace, today announced financial results for the first quarter ended March 31, 2019. The Company posted revenues of $324 million, which is a 39% year-over-year increase from $233 million in the first quarter of 2018. Gross Food Sales grew 21% year-over-year to $1.5 billion, up from $1.2 billion in the same period last year.

"We are extremely proud of our entire team for another fantastic quarter of execution - record new diner growth, thousands of new quality restaurants added to our platform and a sixth consecutive quarter of organic order acceleration. Even with our recent ramp in growth investments, adjusted EBITDA per order improved during the quarter, underscoring our ability to grow in a long-term sustainable manner...

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Apr 26 8:28 AM, General News


Chipotle Announces First Quarter 2019 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2019.

First quarter highlights, year over year:

  • Revenue increased 13.9% to $1.3 billion
  • Comparable restaurant sales increased 9.9%, net of 30 bps from loyalty deferral, and included 5.8% of comparable restaurant transaction growth and 2% in mix contribution
  • Digital sales grew 100.7% and accounted for 15.7% of sales for the quarter
  • Restaurant level operating margin was 21.0%, an increase from...
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Apr 25 9:01 AM, General News


Domino's Pizza Announces First Quarter 2019 Financial Results

Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world based on global retail sales, announced results for the first quarter, comprised of healthy growth in global retail sales and earnings per share. Global retail sales increased 4.6% in the first quarter, or 8.5% without the negative impact of changes in foreign currency exchange rates. U.S. same store sales grew 3.9% during the quarter versus the year-ago period, continuing the positive sales momentum in the Company's U.S. business.

The international division also posted positive results, with same store sales growth of 1.8% during the quarter. The first quarter marked the 101st consecutive quarter of international same store sales growth and the 32nd consecutive quarter of U.S. same store sales growth. The Company had first quarter global net store growth of 200 stores, comprised of...

 

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Apr 24 9:45 AM, General News


Cal-Maine Foods Reports Third Quarter Fiscal 2019 Results and Announces Expansion Projects

Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the third quarter (thirteen weeks) ended March 2, 2019.

Net sales for the third quarter of fiscal 2019 were $384.0 million, an 11.9 percent decrease, compared to $435.8 million for the third quarter of fiscal 2018. The Company reported net income of $39.8 million, or $0.82 per basic and diluted share, for the third quarter of fiscal 2019, compared to net income of $96.3 million, or $1.99 per basic and diluted share, for the third quarter of fiscal 2018. Results for the third quarter of fiscal 2018 were favorably affected by a $35.0 million, or $0.72 per basic and diluted share, discrete tax benefit related to the Tax Cuts and Jobs Act (TCJA) tax reform legislation enacted during the period, and the subsequent revaluation of the Company’s deferred tax liabilities at the new, lower corporate tax rate.

For the thirty-nine weeks ended March 2, 2019, net sales were $1,080.6 million compared to $1,059.8 million for the prior-year period. The Company reported net income of ...

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Apr 2 9:25 AM, General News


Cargill Reports Fiscal 2019 Third-Quarter Results

Cargill today reported results for the fiscal 2019 third quarter and first nine months ended Feb. 28, 2019. Key measures include:

  • Adjusted operating earnings were $604 million, up 8 percent from the $559 million earned last year. This brought earnings for the first nine months to $2.34 billion, a 2 percent decrease from the prior year.
  • Net earnings on a U.S. GAAP basis for the quarter were $566 million, a 14 percent increase from $495 million in the year-ago period. For the nine-month period, net earnings declined 3 percent to $2.33 billion.
  • Third-quarter revenues decreased 4 percent to ...
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Mar 28 11:40 AM, General News


FAT Brands Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2018 Financial Results

FAT(Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported fiscal fourth quarter and fiscal year 2018 financial results for the 13-week and 52-week periods ending December 30, 2018.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “2018 was our first full year operating with our management platform, which was designed to seamlessly scale with new brand acquisitions. We demonstrated its capability through the smooth integration of both Hurricane Grill & Wings and Yalla Mediterranean into our system. We continue to seek synergistic acquisition opportunities that meet our criteria, where we can leverage our platform to drive efficiencies and growth.”

Because 2018 was our initial full year of operation, comparative information is not available for ...

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Mar 27 10:10 AM, General News


Conagra Brands Reports Third Quarter Results

Today Conagra Brands, Inc. (NYSE: CAG) reported results for the third quarter of fiscal year 2019, which ended on February 24, 2019. All comparisons for Legacy Conagra results are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including "organic net sales," "Legacy Conagra," "pro forma," "EBITDA," and certain "adjusted" results, are defined under the section entitled "Definitions."

Highlights

  • Net sales grew 35.7%, driven primarily by the Pinnacle Foods acquisition. Organic net sales excluding the sale of the Trenton, Missouri production facility (Trenton) increased 1.9%.
  • The Grocery & Snacks segment grew net sales by 2.9% behind continued ...
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Mar 21 8:53 AM, General News


Weis Markets Reports Results for 2018 and Fourth Quarter

Weis Markets, Inc. (NYSE: WMK) today reported record total sales of over $3.5 billion for the 52-week period ended December 29, 2018, up 1.2 percent compared to the same period a year ago, while annual comparable store sales increased 0.7 percent. Income from operations rose $7.2 million, or 9.4 percent to $83.6 million compared to $76.4 million for the same period in 2017.

The Company's annual and fourth quarter net income comparisons are impacted by the federal government's implementation of the Tax Cuts and Jobs Act (Tax Reform) in 2017. The Company realized a $49.3 million decrease in its deferred income tax due to this legislation, which improved net income in both its 2017 and fourth quarter results. The current annual results contain ...

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Mar 12 9:15 AM, General News


Kroger Delivers Key Year-One Restock Kroger Commitments

The Kroger Co. (NYSE: KR) today reported fourth quarter and fiscal 2018 results and provided a Restock Kroger progress update after its first full year executing the company's three-year transformation plan.

Comments from Chairman and CEO Rodney McMullen

"Kroger solidly delivered on what we set out to do in 2018, which was an investment year that laid the groundwork for us to achieve our 2020 Restock Kroger targets including financials. We reached our FIFO operating profit goal and finished the year with sales and business momentum. We have a clear path to ...

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Mar 7 8:37 AM, General News


BJ’s Wholesale Club Holdings, Inc. Announces Record Fourth Quarter Fiscal 2018 Results

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) today announced its financial results for the thirteen and fifty-two weeks ended February 2, 2019.

“We’re pleased with our fourth quarter and full year performance, which exceeded our expectations for sales and earnings,” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. “We ended the year with all-time high renewal rates and membership fee income. We delivered strong fourth quarter merchandise comp sales, supported by a successful holiday season and continued momentum through January. Looking ahead, we intend to continue ...

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Mar 7 8:15 AM, General News


United Natural Foods, Inc. Reports Second Quarter Fiscal 2019 Results

United Natural Foods, Inc. (NYSE: UNFI) (the "Company" or "UNFI") today reported financial results for the second quarter of fiscal 2019 ended January 26, 2019.

Second Quarter Fiscal 2019 Highlights

  • Net Sales Increased To $6.15 Billion, Including $3.47 Billion From SUPERVALU
  • Legacy UNFI Sales Increased 5.8%
  • Results Include $370.9 Million Non-Cash Goodwill Impairment Charge

"I'm pleased by the tremendous work and meaningful progress our team accomplished this quarter on the integration of ...

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Mar 6 8:20 AM, General News


Maple Leaf Foods Reports Results for the Fourth Quarter and Year-End 2018

Maple Leaf Foods Inc. (the "Company") (TSX: MFI) today reported its financial results for the fourth quarter and full year ended December 31, 2018. The Company also announced it will increase its quarterly dividend by $0.015 per share or 11.5% to $0.145 per share, effective the first quarter of 2019.

Quarter highlights

  • Sales growth driven by core business offset by declines in fresh market prices
  • Adjusted EBITDA(1) margin of 10.0% with strong commercial performance offset by adverse fresh market conditions
  • Meaningful progress on strategic growth initiatives including further momentum in sustainable meats, renovation of the entire brand portfolio completed and continued double-digit growth in plant protein
  • Closed the strategic acquisitions of Cericola Farms and VIAU Foods providing new and attractive growth avenues in underlying businesses
  • Announced $605.5 million investment to construct state-of-the-art poultry facility to ...
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Feb 28 2:19 PM, General News




URNER BARRY INDICES




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

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