Del Taco Restaurants Reports Fiscal Third Quarter 2020 Financial Results

Del Taco Restaurants, Inc. reported fiscal third quarter 2020 financial results for the 12-week period ending September 8, 2020 and provided a business update.

Management Commentary

John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “As we continue to navigate the challenges and opportunities related to COVID-19, I am proud of our actions to stabilize our business as demonstrated by our strong third quarter performance. Positive third quarter comparable restaurant sales for company-operated and franchised restaurants reflects our value-oriented QSR+ positioning, expanding off-premise convenience and use of innovation with the very successful launch of...

Domino's Pizza Announces Third Quarter 2020 Financial Results

Domino's Pizza, Inc. announced results for the third quarter. Global retail sales increased 14.4% in the third quarter, or 14.8% excluding foreign currency impact. U.S. same store sales grew 17.5% during the quarter versus the year-ago period and were positively impacted by customer ordering behavior during the COVID-19 pandemic, continuing the positive sales momentum in the Company's U.S. stores business. The international business also posted positive same store sales results, with growth of 6.2% during the quarter. The third quarter marked the 107th consecutive quarter of international same store sales growth and the 38th consecutive quarter of U.S. same store sales growth.

During the quarter, the Company reported 209 gross new stores and 83 net new stores, comprised of 44 net new U.S. stores and 39 net new international stores. The Company's net store growth reflects the closure of 126 stores, primarily in India. The number of temporary store closures in...

Wingstop Releases Preliminary Fiscal Third Quarter 2020 Sales Results 

Wingstop Inc. released preliminary unaudited sales and unit development results for the fiscal third quarter 2020. The Company also announced that it will host a conference call and webcast to discuss its fiscal third quarter 2020 financial results on Monday, November 2, 2020 at 10:00 AM EST.

Highlights for the fiscal third quarter 2020 as compared to the fiscal third quarter 2019:

• 43 net new openings in fiscal third quarter 2020
• Domestic same store sales increased 25.4%
• Company-owned restaurant same store sales increased...

United Natural Foods Reports Record Fourth Quarter and Strong Full Year Fiscal 2020 Results

United Natural Foods, Inc. reported financial results for the fourth quarter (13 weeks) and fiscal year (52 weeks) ended August 1, 2020.

Fiscal 2020 Full Year Highlights

(Fiscal 2019 was a 53 week year that included the contribution from an acquisition for 41 weeks)

• Net sales increased to $26.5 billion
• Net loss of $(274) million, including $425 million pre-tax goodwill and asset impairment charges recorded in the first quarter of fiscal 2020
• Adjusted EBITDA increased to $673 million
• Loss per diluted share (EPS) improved to $(5.10)
• Adjusted EPS increased to...

Papa John's Sustains Strong North America and International Comparable Sales in September

Papa John’s International, Inc. provided preliminary estimated comparable sales information for the month of September and the third quarter fiscal period. In light of the uncertainty related to the pandemic, the company has continued to provide this information on a monthly basis.

President & CEO Rob Lynch said, “Six consecutive months of double-digit comparable sales growth were made possible by the hard work of Papa John’s team members and franchisees during the global pandemic. We remain confident that our innovation pipeline, marketing and technology platforms, and strong operations will continue to...

Cal-Maine Foods Reports First Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. reported results for the first quarter of fiscal 2021 (13 weeks) ended August 29, 2020.

Net sales for the first quarter of fiscal 2021 were $292.8 million, a 21.4 percent increase compared to $241.2 million for the first quarter of fiscal 2020. The Company reported a net loss of $19.4 million, or $0.40 per basic and diluted share, for the first quarter of fiscal 2021, compared to a net loss of $45.8 million, or $0.94 per basic and diluted share, for the first quarter of fiscal 2020.

Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., stated, “Our results for the first quarter of fiscal 2021 reflect continued challenging market conditions as we proactively monitor and...

Darden Restaurants Reports Fiscal 2021 First Quarter Results

Darden Restaurants, Inc., (NYSE:DRI) today reported its financial results for the first quarter ended August 30, 2020.

First Quarter 2021 Financial Highlights, Comparisons to First Quarter Last Year

• Total sales of $1.53 billion, a decrease of 28.4% driven by negative blended same-restaurant sales of 29.0% and partially offset by the addition of 14 net new restaurants
• Same-restaurant sales by segment:..

Cracker Barrel Reports Fourth Quarter and Full Year Fiscal 2020 Results

Cracker Barrel Old Country Store reported its financial results for the fourth quarter of fiscal 2020 ended July 31, 2020 and provided an update regarding the impact of the COVID-19 pandemic on the Company's business.

Fourth Quarter Fiscal 2020 Highlights

• Dining room service gradually returned during the first two months of the quarter, and by the end of June, substantially all dining rooms were open at varying levels of reduced capacity.
• Comparable store restaurant and retail sales both improved sequentially each month during the quarter. Comparable store restaurant sales decreased...

Kroger Reports Second Quarter 2020 Results and Updates Full-Year 2020 Guidance

The Kroger Co. reported its second quarter 2020 results, provided a Restock Kroger progress update on the three-year transformation plan, and shared a COVID-19 response update.

Comments from Chairman and CEO Rodney McMullen

"Each day I'm inspired by the work our incredible associates do to bring to life our purpose, to Feed the Human Spirit. I am proud of our dedicated associates who are serving our customers when they need us most. Our top priority is to provide a safe environment for associates and customers and as the pandemic continues, we will continue to rise to meet the challenge.

Customers are at the center of everything we do and, as a result, we are...

Costco Wholesale Reports August Sales Results 

Costco Wholesale Corporation reported net sales of $13.56 billion for the retail month of August, the four weeks ended August 30, 2020, an increase of 15.0 percent from $11.79 billion last year.

For the 16-week fourth quarter ended August 30, 2020, the Company reported net sales of $52.3 billion, an increase of 12.7 percent compared to net sales of $46.4 billion during the similar period last year.

For the 52-week fiscal year ended August 30, 2020, the Company reported...

Campbell Reports Fourth-Quarter and Full-Year Fiscal 2020 Results

Campbell Soup Company reported results for its fourth-quarter and full-year fiscal 2020. Fiscal 2020 was a 53-week year, with the extra week falling in the fourth quarter. The benefit of the additional week in both the fourth-quarter and full-year results is estimated to be $0.04 per share.

• Fourth-quarter Net Sales increased 18%; Organic Net Sales increased 12% reflecting continued increased demand for our products
• Fourth-quarter Earnings Per Share (EPS) from Continuing Operations of $0.28 increased from a loss of $0.02; Adjusted EPS of $0.63 increased 50%
• Full-year Net Sales and Organic Net Sales increased 7% and EPS from Continuing Operations of...

Sanderson Farms Reports Results for Third Quarter of Fiscal 2020

Sanderson Farms, Inc. reported results for the third fiscal quarter and nine months ended July 31, 2020.

Net sales for the third quarter of fiscal 2020 were $956.5 million compared with $945.2 million for the same period a year ago. For the quarter, the Company reported net income of $32.8 million, or $1.48 per share, compared with...

Hain Celestial Reports Fourth Quarter and Fiscal Year 2020 Financial Results

The Hain Celestial Group, Inc. reported financial results for the fourth quarter and fiscal year ended June 30, 2020. The results contained herein are presented with the Hain Pure Protein and Tilda operating segments being treated as discontinued operations.

Mark L. Schiller, Hain Celestial's President and Chief Executive Officer, commented, "We are pleased to report profitability at the high-end of our expectations for the fiscal year. Our results were strong because of our team's execution of...

Papa John’s Reports Continued Strong August Sales in North America

Papa John’s International, Inc. provided preliminary estimated comparable sales information for the August fiscal period. In light of the uncertainty and volatility related to the pandemic, the company has continued to provide this information on a monthly basis.

President & CEO Rob Lynch said, “Papa John’s sales, driven by product innovation, remained strong in August. As we have added new customers throughout 2020, our customer satisfaction and brand affinity scores also...

Hormel Foods Reports Third Quarter Results

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

The impact of the Sadler's Smokehouse acquisition (March 2020) is excluded in the presentation of the third quarter of fiscal 2020 non-GAAP measures of organic volume and organic net sales. Operating free cash flow is also presented as a non-GAAP metric.

Executive Summary - Third Quarter

• Volume of 1.2 billion lbs., up 4%; organic volume up...

BJ’s Wholesale Club Holdings Announces Record Second Quarter Fiscal 2020 Results

BJ’s Wholesale Club Holdings, Inc. announced its financial results for the thirteen and twenty-six weeks ended August 1, 2020.

Highlights

• Comparable club sales, excluding gasoline sales, increased by 24.2%, including digitally enabled sales growth of over 300% for the second quarter of fiscal 2020.
• Income from continuing operations increased by 96.5% year-over-year to $106.7 million, for the second quarter of fiscal 2020.
• Adjusted EBITDA increased by 41.6% year-over-year to $216.9 million, for the second quarter of fiscal 2020.
• Earnings per diluted share of...

Marfrig Reports Results for the Second Quarter of 2020 

Marfrig Global Foods S.A. announced its results for the second quarter of 2020. Except where stated otherwise, the following operating and financial information is presented in nominal Brazilian real, in accordance with International Financial Reporting Standards (IFRS), and should be read together with the income statement and notes to the financial statements for the period ended June 30, 2020 filed at the Securities and Exchange Commission of
Brazil (CVM).

To improve comparisons, the results herein are identified as “proforma,” i.e., including 100% of the results of Quickfood, Várzea Grande and Iowa Premium in 2Q19.

Results described as “Continuing Operations” consider...

SpartanNash Announces Second Quarter Fiscal 2020 Financial Results

SpartanNash Company reported financial results for its 12-week second quarter ended July 11, 2020.

Second Quarter Fiscal 2020 Highlights

• Net sales growth of 9.4% to $2.18 billion from $2.00 billion in the prior year quarter, representing the seventeenth consecutive quarter of growth.
• Retail comparable store sales of 17.1% were positive for the fourth consecutive quarter, representing a continuation of trends driven by increased consumer demand related to the COVID-19 pandemic.
• EPS of $0.80 per share, compared to...

Red Robin Reports Results for the Second Quarter of 2020

Red Robin Gourmet Burgers, Inc. reported financial results for the quarter ended July 12, 2020.

Second Quarter 2020 Financial Summary Compared to Second Quarter 2019

• Total revenues were $161.1 million, a decrease of 47.7%, primarily resulting from our operational shift in response to COVID-19, including limited occupant capacity as we reopen dining rooms, operating an off-premise only model at our restaurants with closed dining rooms, and closed restaurants;
• Comparable restaurant revenue decreased 41.4%;
• Comparable average Guest check decreased 2.9%, resulting from a 5.7% decrease from...

Bell Food Group Reports Financial Results for the First Half of 2020 

Thanks to its broadly supported business model and high productive capacity, the Bell Food Group made operational progress in the first half of 2020 in spite of the coronavirus pandemic. Organic revenue growth was 2.9 percent.

The operating result at EBIT level rose by 2.4 percent. The Bell Switzerland and Bell International business areas made a particular contribution to this growth, while the Convenience business area was affected strongly by the fallout of the coronavirus pandemic. The Bell Food Group is highlighting its commitment to sustainability and is publishing a complete Sustainability Report in accordance with...

Performance Food Group Company Reports Fourth-Quarter and Full-Year Fiscal 2020 Results

Performance Food Group Company announced its fourth-quarter and full-year fiscal 2020 business results.

Fourth-Quarter Fiscal 2020 Highlights

• Total case volume declined 11.5%
• Net sales declined 2.1% to $5.8 billion
• Gross profit declined 8.7% to $639.1 million
• Net loss of $151.2 million
• Adjusted EBITDA declined...

WH Group Announces 2020 Interim Results 

WH Group Limited announced the unaudited consolidated interim results of the Company and its subsidiaries for the six months ended June 30, 2020.

Highlights

• Revenue increased by 12.2% to US$12,481 million
• Operating profit increased by 20.9% to US$925 million
• Profit attributable to owners of the Company, before biological fair value
adjustments, increased by...

Smithfield Foods' Adjusted Operating Results Swing to Loss in Second Quarter Amid COVID-19 Pandemic

Smithfield Foods, Inc. announced that it has spent $350 million to protect its team members and the American food supply during the COVID-19 pandemic, causing adjusted operating results to swing to a loss in the second quarter of 2020.

At Smithfield, the first half of 2020 was "a tale of two tapes": pre-pandemic and pandemic. Prior to the onset of COVID-19 in the U.S., Smithfield delivered record results in the first quarter of 2020, which were 190 percent higher than 2019. However, the impact of the pandemic weighed heavily on the company's second quarter, pushing adjusted operating results 140 percent below...

Sysco Sees Sales Drop in Fourth Quarter, Fiscal Year 2020 as COVID-19 Pandemic Impacts Foodservice

Sysco reported its fourth quarter and fiscal year 2020 financial results on Tuesday.

The company’s U.S. foodservice operations saw a 42.8% decrease in Q4 sales compared to the same period last year, totaling $6.1 billion.

Sysco also noted its gross profit decreased by 45.7% to $1.2 billion, and gross margin decreased 102 basis points to 19.1%, compared to the same period last year.

For its international foodservice business, Sysco noted a 53.4% drop in sales, totaling $1.4 billion for Q4 2020...

Papa John’s Announces Second Quarter 2020 Results

Papa John’s International, Inc. announced financial results for the three and six months ended June 28, 2020. The company also provided an update on the business impact of the global coronavirus (COVID-19) pandemic.

“Faced with an unprecedented global challenge but guided by our values and purpose, Papa John’s achieved record sales in the second quarter,” said Rob Lynch, President & CEO. “Across the U.S. and those international markets where delivery-based businesses have remained open, we have safely and successfully met...

Restaurant Brands International Reports Second Quarter 2020 Results

Restaurant Brands International reported financial results for the second quarter ended June 30, 2020.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "The COVID-19 pandemic has introduced a host of unprecedented challenges, but our proactive and coordinated response across the globe has helped drive a significant recovery in performance since March. I am so proud of our restaurant owners, our restaurant team members, and...

Wendy's Reports Second Quarter 2020 Results

The Wendy's Company reported unaudited results for the second quarter ended June 28, 2020 and provided an update on the impact of the COVID-19 pandemic on the Company's business.

"I continue to be extremely proud of, and humbled by, the tireless efforts and dedication from our employees, franchisees and supplier partners across the globe as we successfully manage through COVID-19," President and Chief Executive Officer Todd Penegor said. "Our business and restaurant economic model continue to show incredible resilience as we build momentum with U.S. same-restaurant sales accelerating to high-single digit growth in July, driven by...

Beyond Meat Reports Second Quarter 2020 Financial Results

Beyond Meat, Inc. reported financial results for its second quarter ended June 27, 2020.

Beyond Meat President and CEO Ethan Brown commented, "I am proud of our record net revenues and growth during a very challenging period. As the toll of the COVID-19 pandemic took hold across the foodservice industry, we repurposed assets and repacked and rerouted products to meet increased consumer activity in the retail aisles. Throughout the quarter, our brand experienced an enviable combination of consumer trends – increasing household penetration; increasing buying levels per household; and strong repeat purchase rates of nearly...

Weis Markets Reports Second Quarter Results

Weis Markets reported its sales increased 23.7 percent to $1.1 billion during the thirteen-week period ended June 27, 2020, compared to the same period in 2019, while second quarter comparable store sales increased 24.1 percent.

The Company's second quarter net income increased 102.5 percent to $41.5 million compared to $20.5 million in 2019, while earnings per share totaled $1.54 compared to $0.76 per share for the same period in 2019. Ecommerce sales increased 243 percent during the same period.

"The coronavirus pandemic has altered most aspects of daily life in our seven-state market area which was impacted by...

Jack in the Box Announces Departure of CFO

Jack in the Box announced that Lance Tucker, Executive Vice President and Chief Financial Officer, has provided his intent to resign and will be leaving the company effective within the next six weeks. The company has initiated a search for a new Chief Financial Officer. While the company searches to identify a successor, the senior members of the company’s finance department will assume Tucker’s responsibilities on an interim basis.

Dawn Hooper, the company’s controller, has been appointed to principal financial officer effective on Tucker’s last day. Hooper has been with Jack in the Box Inc. for almost 20 years, with her tenure in leadership positions within finance. She, in conjunction with Sean Bogue, the company’s treasurer, will ensure...

Ruth's Hospitality Group Provides Business Update and Financial Results for Q2 2020

Ruth’s Hospitality Group, Inc. provided a business update on the impact of the COVID-19 pandemic and reported unaudited financial results for its second quarter ended June 28, 2020.

COVID-19 Business Update:

During the second quarter of 2020, the COVID-19 pandemic continued to impact overall sales and traffic. As previously reported, Company-operated Ruth’s Chris dining rooms were closed in all domestic U.S. locations during April, and the Company transitioned its services to take-out and delivery operations in...

Aramark Reports Third Quarter Earnings

Aramark reported third quarter fiscal 2020 results.

“I am encouraged by how well the Company continues to navigate the complexities and challenges of the current environment. Our balance sheet and new business pipeline remain strong, and we have taken strategic actions to fortify Aramark for the future," said John Zillmer, Aramark’s Chief Executive Officer. “I am also proud of how our team members have remained focused on serving our client partners and communities in the face of significant adversity.”

Third Quarter Results

Consolidated Revenue was $2.2 billion in the quarter, down 46.3% year-over-year from the impact of COVID-19 that more than offset modest underlying growth in the overall business. Revenue improved sequentially through each fiscal month with April reflecting...

US Foods Reports Second Quarter Fiscal 2020 Earnings

US Foods Holding Corp. announced results for the second quarter of fiscal 2020. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from Smart Stores Holding Corp. (“Smart Foodservice”), which was acquired on April 24, 2020 and the Food Group of Companies (the "Food Group"), which was acquired on Sept. 13, 2019.

Second Quarter Fiscal 2020 Highlights

• Total case volume decreased 28.0%; total organic case volume decreased 40.2%
• Net sales decreased 29.2% to $4.6 billion
• Gross profit decreased 41.2% to $671 million
• Net loss available to common shareholders was...

Shake Shack Announces Second Quarter 2020 Financial Results

Shake Shack Inc. reported its financial results for the second quarter ended June 24, 2020, a period that included 13 weeks.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “Throughout this difficult time, I remain incredibly proud of our team. They've continued to show up, to support each other, our guests, our communities and our suppliers. They’ve had an unwavering commitment to excellence and hospitality in the face of an incredibly challenging operating environment. We owe them a debt of gratitude, and...

Tyson Foods Reports Third Quarter 2020 Results

Tyson Foods, Inc. today reported the following results:

First Nine Months Highlights

• GAAP EPS of $3.96, down 12% from prior year; Adjusted EPS of $3.83, down 10% from prior year
• GAAP operating income of $2,102 million; Adjusted operating income of $2,155 million
• Total Company GAAP operating margin of 6.6% and Adjusted operating margin of 6.8%
• Generated $2.7 billion of...

Kraft Heinz Reports Second Quarter 2020 Results

The Kraft Heinz Company reported financial results for the second quarter of 2020 that reflected solid net sales growth of 3.8 percent and Organic Net Sales growth of 7.4 percent versus the year-ago period due to strong retail performance across all business segments. Results also included non-cash impairment charges related to goodwill and intangible assets.

“Our response to the ongoing COVID-19 pandemic reflects the hard work and dedication of our remarkable employees around the world,” said Kraft Heinz CEO Miguel Patricio. "We are now starting to realize the benefits of agility and scale, while implementing changes across the Company to further drive agility, both internally and how we go to market. We believe this will be the key to...

Dunkin' Brands Reports Second Quarter 2020 Results

Dunkin' Brands Group, Inc., the parent company of Dunkin' and Baskin-Robbins (BR), reported results for the second quarter ended June 27, 2020.

"For Dunkin' U.S., same store sales improved sequentially throughout the quarter, largely as a result of our ability to pivot quickly and introduce new menu items designed to appeal to customers who are now visiting us later in the day. Our digital platform -- a cornerstone of our Dunkin' Blueprint for Growth -- drove significant customer engagement and rapid recovery during the quarter, and last week we announced...

Yum China Reports Second Quarter 2020 Results

Yum China Holdings, Inc. reported unaudited results for the second quarter ended June 30, 2020.

Impact of COVID-19 Outbreak and Mitigation Efforts

Second quarter operations improved since the COVID-19 outbreak. More than 99% of stores in China are now open, with sales and profits trending unevenly. Sales improved sequentially in April and May but softened in June. Sales were primarily impacted by significantly reduced traffic at transportation and tourist locations, delayed and shortened school holidays and resurging regional infections. These factors and the lingering effect of COVID-19 continue to...

Pilgrim's Pride Reports Financial Results for Q2

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

Second Quarter Highlights

• Net Sales of $2.82 billion.
• Net GAAP loss of $(6.0) million.
• Operating Income margins of 2.2% in U.S., -13.3% in Mexico and 3.1% in Europe operations, respectively.
• Adjusted EBITDA of $112.2 million, or a 4.0% margin.
• Faced with the global Covid-19 pandemic, we remain guided by our principles of an uncompromising commitment to the safety of our team members, our duty to provide quality food globally, and our responsibility to provide continued...

Dine Brands Global Reports Second Quarter 2020 Results

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

“As we continue to navigate through the challenges currently facing our industry, we have remained resolute in our focus to return to growth. Throughout the second quarter, weekly comparable sales and traffic at both Applebee’s and IHOP improved as state and local governments began to ease restrictions on dining room operations. This, coupled with the significant growth of our brands’ off-premise business, contributed to...

Wingstop Reports Fiscal Second Quarter 2020 Financial Results

Wingstop announced financial results for the fiscal second quarter ended June 27, 2020.

"I am very proud of our team members and brand partners and the extraordinary results we achieved against a challenging backdrop. We benefited from a steadfast focus on expanding our digital business and leveraging delivery to make it seamless for fans to access the craveable flavors of our fresh, cook-to-order wings, fries and sides," commented Charlie Morrison, Chairman and Chief Executive Officer of Wingstop. "Despite the unprecedented circumstances, we opened 23 net new restaurants which highlights...

Starbucks Reports Q3 Fiscal 2020 Results

Starbucks Corporation reported financial results for its 13-week fiscal third quarter ended June 28, 2020. GAAP results in fiscal 2020 and fiscal 2019 include items that 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.

“Since the beginning of the COVID-19 outbreak in January, we have taken a principled approach to navigate the crisis, true to our mission and values. Every step of the way, we have thoughtfully addressed the needs of Starbucks stakeholders and are particularly proud of the industry-leading investments we have made to support our partners while creating...

Del Taco Reports Second Quarter Financial Results

Del Taco Restaurants reported fiscal second quarter 2020 financial results for the 12-week period ending June 16, 2020 and provided a business update related to the impact of COVID-19.

Management Commentary

John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “Our restaurant teams, franchise partners and support staff are doing exceptional work supporting our people, serving our guests and strengthening our brand as we successfully navigate the business recovery phase of our strategy while preparing for brand acceleration. Despite the pandemic-induced headwind affecting our industry, our system-wide comparable restaurant sales continue to improve sequentially and are...

Albertsons Reports First Quarter Results

Albertsons Companies, Inc. reported results for the first quarter of fiscal 2020, which ended June 20, 2020.

First Quarter of Fiscal 2020 Highlights

• Identical sales growth of 26.5%
• Digital sales growth of 276%
• Diluted net income per share of $1.00; Adjusted net income per share of $1.35
• Net income of $586 million
• Adjusted EBITDA of $1.7 billion, an increase of 93% compared to the first quarter last year
• COVID-19 related investments of approximately...

McDonald's Reports Second Quarter 2020 Results

McDonald's Corporation today announced results for the second quarter ended June 30, 2020.

"Throughout our history, McDonald's has demonstrated the strategic foresight necessary to position our business for the future. Our strong drive-thru presence and the investments we've made in delivery and digital over the past few years have served us well through these uncertain times. We saw continued improvement in our results throughout the second quarter as markets reopened around the world," said McDonald's President and Chief Executive Officer Chris Kempczinski. "I'm especially proud of the way the McDonald's System continues to provide a safe environment for both customers and crew, building on...

Chipotle Reports Second Quarter 2020 Results 

Chipotle Mexican Grill, Inc. reported financial results for its second quarter ended June 30, 2020.

Second quarter highlights, which incorporate the impact of COVID-19, year over year:

• Revenue decreased 4.8% to $1.4 billion
• Comparable restaurant sales declined 9.8%
• Digital sales grew 216.3% and accounted for 60.7% of sales for the quarter
• Restaurant level operating margin was 12.2%, a decrease of 8.7%
• Diluted earnings per share was $0.29, net of a $0.11 after-tax impact from expenses related to restaurant asset impairment and closure costs, as well as...

Cal-Maine Foods Reports Fourth Quarter and Fiscal 2020 Results

Cal-Maine Foods, Inc. reported results for the fourth quarter (13 weeks) and fiscal year ended May 30, 2020.

Net sales for the fourth quarter of fiscal 2020 were $453.3 million, a 61.6 percent increase compared to $280.6 million for the fourth quarter of fiscal 2019. The Company reported net income of $60.5 million, or $1.25 per basic share and $1.24 per diluted share, for the fourth quarter of fiscal 2020, compared to net loss of $19.8 million, or $(0.41) per basic and diluted share, for the fourth quarter of fiscal 2019.

For the fiscal year 2020, net sales were $1,351.6 million compared to $1,361.2 million for the prior year. The Company reported net income of $18.4 million, or $0.38 per basic and diluted share, for fiscal 2020, compared to...

Domino's Pizza Announces Second Quarter 2020 Financial Results

Domino's Pizza announced results for the second quarter. Global retail sales increased 5.7% in the second quarter, or 8.1% excluding foreign currency impact. Global retail sales in the second quarter were positively impacted by U.S. same store sales, but were negatively impacted by temporary store closures in certain international markets. U.S. same store sales grew 16.1% during the quarter versus the year-ago period and were positively impacted by customer ordering behavior during the COVID-19 pandemic, continuing the positive sales momentum in the Company's U.S. stores business.

The international business also posted positive same store sales results, with growth of 1.3% during the quarter. The second quarter marked the 106th consecutive quarter of international same store sales growth and...

Shake Shack Provides Business Update

Shake Shack Inc. provided a business update given the ongoing COVID-19 pandemic. With gradual sales recovery progressing and a strong balance sheet, the Company has restarted new Shack development both domestically and internationally as it looks forward to long-term growth.

“As always, and especially during this recovery period, our priority remains the safety of our team and our communities. Amidst our gradual sales recovery, we've started to open new Shacks again and are looking to the significant growth opportunity that we believe lies ahead for Shake Shack. I am so proud of the resilience of our teams in the Shacks, the innovation across our operating model and our relentless efforts to continue to...

General Mills Reports Results for Fiscal 2020 and Outlines Fiscal 2021 Priorities

General Mills reported results for the fourth quarter and fiscal year ended May 31, 2020. Fiscal 2020 was a 53-week year, with the extra week falling in the fourth quarter.

“I’m proud of the way our organization has remained focused on serving the needs of our consumers and communities while protecting the health and safety of our employees throughout the COVID-19 pandemic,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “Amid significant challenge and change in the world around us, General Mills adapted and executed in fiscal 2020 to deliver outstanding financial results while fulfilling our purpose of making food the world loves. We’ve demonstrated extraordinary agility to meet the unprecedented increase in demand for food at home and to win across our categories.

“As we turn to fiscal 2021, we’ll maintain a sharp focus on the near-term opportunity to meet continued elevated demand while continuing to advance our long-term strategies by...

Papa John’s Provides Business Update on Ongoing Impact of COVID-19 Pandemic

Papa John’s International, Inc. provided an additional update on the ongoing business impact of the global coronavirus (COVID-19) pandemic, including preliminary estimated comparable sales information for the June month and second quarter fiscal periods. In light of the uncertainty and volatility related to the pandemic, the company has continued to provide this information on a monthly basis.

Rob Lynch, President & CEO said, “In June Papa John’s delivered a third consecutive month of double-digit sales growth in North America and strong growth internationally. Continued strong results reflect both the hard work of our team members and local franchisees, as well as the trust that we have earned from millions of customers who have...

Church's Chicken Rallies in Q2, Sets Sights on Continued Growth and Positive Momentum

Just six months ago, Church's Chicken turned in its best performance in ten years for comparable same-store sales, and made 2020 the launch date for the brand's five-year strategic plan. Then, like all restaurants and businesses, plans were set back due to COVID-19 and the brand enacted a refocused action plan in response. Overall, the COVID-19 sales challenges were only temporary for Church's, as it reports that domestic sales have returned to pre-pandemic positive trends the past two months.

"Without question, our ability to weather this crisis is due to our entire franchise community, corporate and restaurant team members coming together to quickly and effectively adapt to a changing market and continue to...

Darden Restaurants Reports Financial Results and Provides 2021 First Quarter Outlook

Darden Restaurants, Inc., reported its financial results for the fourth quarter and fiscal year ended May 31, 2020, which included a 53rd week of operations compared to 52 weeks last year.

Statement from Gene Lee, CEO:

"The strategy we put in place five years ago helped us successfully navigate one of the most challenging periods in our Company's history. When our dining rooms closed, our operators did an amazing job of reimagining the guest experience by staying true to our back-to-basics operating philosophy.

We benefited greatly from our competitive advantages that form the foundation of our strategy, especially our scale and our culture. Our scale allowed us to quickly react to...

Kroger Reports First Quarter 2020 Results and Provides Update on COVID-19 Response

The Kroger Co. reported its first quarter 2020 results, provided a Restock Kroger progress update on the three-year transformation plan and an update to the COVID-19 response.

Comments from Chairman and CEO Rodney McMullen

"The COVID-19 pandemic and the most recent instances of racial injustice have changed our country in unmistakable ways, not the least of which is the devastating loss of life and livelihood that has affected so many Americans. Kroger remains guided by our purpose and our values. I am proud of our associates who stepped up when we were called to be there for our customers, communities and each other. Our company is proud to...

McDonald's Reports April and May 2020 Comparable Sales and Provides COVID-19 Business Update

McDonald's is providing comparable sales results and an update on the COVID-19 impact to the Company's operations ahead of the second quarter earnings announcement.

Highlights:

• 95% of McDonald's restaurants around the world are open to serve customers.
• Comparable sales have improved sequentially from late March through May.
• The Company is investing in the System to accelerate recovery.

"Our strong foundation and the unique advantages of the McDonald's System, including...

United Natural Foods Reports Third Quarter Fiscal 2020 Results

United Natural Foods, Inc. reported financial results for the third quarter of fiscal 2020 (13 weeks) ended May 2, 2020.

Third Quarter Fiscal 2020 Highlights

• Net Sales increased 12% to $6.67 billion compared to $5.96 billion in last year's fiscal third quarter
• Net income increased 54% to $88 million; Adjusted EBITDA increased 32% to $222 million
• Earnings per diluted share (EPS) of $1.60; Adjusted EPS increased 130% to $1.40
• Net debt reduced by $302 million compared to the second quarter of fiscal 2020
• Updates fiscal 2020 guidance, which includes the impact of Retail included...

Campbell Reports Third Quarter Results

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

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

CEO Comments

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

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

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

COVID-19 Business Update

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

Costco Reports Financial Results for Third Quarter 

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

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

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

FAT Brands Reports First Quarter 2020 Financial Results

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

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

Sanderson Farms Reports Results for Second Quarter of Fiscal 2020

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

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

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

Domino's Pizza Announces Business Update

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

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

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

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

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

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

Hormel Foods Reports Second Quarter Results

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

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

Executive Summary

• Volume of 1.2 billion lbs., up 4%; organic volume1 up 7%
• Record net sales of $2.4 billion, up...

Walmart Releases Q1 FY21 Earnings

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

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

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

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

United Natural Foods Provides COVID-19 Business Update

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

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

Ruth's Hospitality Group Reports First Quarter 2020 Financial Results

Ruth’s Hospitality Group, Inc., provided a business update on the impact of the COVID-19 pandemic, and reported unaudited financial results for its first quarter ended March 29, 2020.

COVID-19 Business Update:

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

Papa John’s Announces First Quarter 2020 Results

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

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

Beyond Meat Reports First Quarter 2020 Financial Results 

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

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

The Wendy's Company Reports First Quarter 2020 Results

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

Note from President and CEO, Todd Penegor

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

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

Del Taco Restaurants Reports Fiscal First Quarter 2020 Financial Results

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

Fiscal First Quarter 2020 Highlights

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

Weis Markets Reports First Quarter Results

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

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

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

Shake Shack Announces First Quarter 2020 Financial Results

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

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

Aramark Reports Second Quarter Earnings

Aramark today reported second quarter fiscal 2020 results.

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

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

US Foods Reports First Quarter Fiscal 2020 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the first quarter of fiscal 2020. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from the Food Group of Companies (the "Food Group"), which was acquired on Sept. 13, 2019.

First Quarter Fiscal 2020 Highlights

• Total case volume increased 3.4%; independent restaurant case volume increased 0.5%
• Total organic case volume decreased 7.3%; independent restaurant organic case volume decreased 7.4%
• Net sales increased 5.1% to $6.3 billion
• Gross profit increased 1.3% to $1.1 billion
• Loss before income taxes was...

Sysco Reports Third Quarter Fiscal 2020 Results

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

Third Quarter Fiscal 2020 Highlights

• Sales decreased 6.5% to $13.7 billion
• Gross profit decreased 6.9% to $2.6 billion; gross margin decreased 7 basis points
• Operating income decreased 88.6% to $60.3 million; adjusted¹ operating income decreased 39.2% to $377.0 million
• EPS decreased $0.86 to $(0.01); adjusted...

Performance Food Group Company Reports Third Quarter Results

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

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

Tyson Foods Reports Second Quarter 2020 Results

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

First Six Months Highlights

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

Dunkin' Brands Reports First Quarter 2020 Results

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

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

Restaurant Brands International Reports First Quarter 2020 Results

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

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

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

McDonald's Reports First Quarter 2020 Results

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

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

Kraft Heinz Reports First Quarter 2020 Results

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

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

Pilgrim’s Pride Reports Q1 2020 Results 

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

First Quarter Highlights

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

Dine Brands Global Reports First Quarter 2020 Results 

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

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

Maple Leaf Foods Reports First Quarter 2020 Financial Results