August Retail Sales Supported by Job and Wage Gains Amid Continued Inflation

Consumers’ willingness to spend overcame inflation again in August as more jobs and higher wages helped ease some of the pressure of continuing high prices, the National Retail Federation said today.

“August retail sales show consumers’ resiliency to spend on household priorities despite persistent inflation and rising interest rates,” NRF President and CEO Matthew Shay said. “As we gear up for the holiday season, consumers are seeking value to make their dollars stretch. Retailers have been hard at work managing their supply chains and holiday inventories to provide..."

April Retail Sales Grew With Consumers ‘Taking Higher Prices in Stride’

Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases, the National Retail Federation said today.

“April retail sales demonstrate consumer strength and willingness to spend despite persistent inflation, supply chain constraints, market volatility and global unrest,” NRF President and CEO Matthew Shay said. “While consumers are facing higher prices, they are preserving their budgets by shopping smart. Retail businesses are also facing increased costs like higher energy bills and rents as well as the..."

February Retail Sales Rose Strongly Year-Over-Year While Monthly Pace Slowed Amid Inflation

Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said today.

“Retail sales data continues to show impressive consumer resilience,” NRF President and CEO Matthew Shay said. “Despite all that’s been thrown at them including inflation, supply chain constraints, market volatility and significant geopolitical events, consumers remain able and willing to spend... 

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

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

- The overall Frozen category (2) grew 4.2% over the four-week period.
- The Health & Wellness Frozen Food subcategory...

January Retail Sales Overcome Omicron and Inflation to Show Strong Gains

Retail sales powered through COVID-19’s omicron variant, inflation and other challenges to post strong increases in January, the National Retail Federation said today.

“January’s numbers show that 2022 is starting very strong for consumers and retailers, especially on the heels of a record holiday season and record sales in 2021,” NRF President and CEO Matthew Shay said. “While the year ahead has challenges with inflationary pressures, labor shortages, COVID-19 impacts and uncertainty related to international tensions in Russia and China, today’s numbers show that despite these..."

Tyson Foods Reports First Quarter 2022 Results

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

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

November Retail Sales Put Holiday Season on Track to Set New Records

Retail sales continued to grow in November, putting the 2021 holiday season on the home stretch for record spending despite inflation, supply chain disruptions and COVID-19, the National Retail Federation said today.

“Despite economic headwinds, November retail sales data confirms that consumers continue to spend, as demonstrated by a 14 percent increase in sales year-over-year,” NRF President and CEO Matthew Shay said. “We expect demand will remain strong through December, even though consumers started holiday shopping earlier than ever this year. Despite the rise of..."

Real Good Foods Highlights Sales Growth and Velocity Acceleration in Retail Channel

The Real Good Food Company, Inc., an innovative, high-growth, branded, health- and wellness-focused frozen food company, today released U.S. SPINS retail scanner data for the most recent four week period ending November 28, 2021.(1) For perspective, SPINS data captures consumption data in the Food, Drug and Mass retail channel, which has historically represented approximately 50% of the Company's net sales.

- The overall Frozen Food category grew 7.1% over the period.
- The Health & Wellness Frozen Food subcategory grew 12.6% over the period...

Tyson Foods: Outpacing a Growing, Global Protein Market

Tyson Foods is a global protein leader with a diverse portfolio of iconic brands and a clear and compelling path to growth, company leaders told investors and analysts today during Tyson Foods’ virtual Investor Day.

Chairman John H. Tyson, President and CEO Donnie King and members of the company’s senior leadership team spoke at the event. They showcased Tyson Foods’ role as a leading protein company in a growing, global market; the company’s efforts to increase value-added and overall production capacity as part of a plan to drive accelerated volume and...

Hormel Foods Reports Record Fourth Quarter Sales And Earnings 

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

EXECUTIVE SUMMARY - FOURTH QUARTER

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

Kraft Heinz Announces Intention to Combine U.S. and Canada Businesses to Form the North America Zone

The Kraft Heinz Company announced today that it will combine its U.S. and Canada businesses to create the North America Zone, which is expected to be effective in the second fiscal quarter of 2022. The move is meant to advance the global food and beverage leader’s long-term, sustainable growth plans—which were first outlined at its Investor Day event in September 2020—by bringing increased agility to its innovation agenda, operations, and go-to-market approach. The Company’s U.S. and Canada businesses...

October Retail Sales Grew as Consumers Got an Early Start on Holiday Shopping

Retail sales rose in October as many consumers began holiday shopping early to avoid any shortages amid pandemic-driven supply chain disruptions that are dominating businesses and shoppers this holiday season, the National Retail Federation said today.

“Retail sales data for October reflects the enduring strength of consumers’ finances and willingness to spend as the holiday season gets underway,” NRF President and CEO Matthew Shay said. “The robust balance sheets of American households are being met by retailer preparation and hard work to provide products that consumers...

Tyson Foods Reports Fourth Quarter 2021 Results

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

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

Beyond Meat® Reports Third Quarter 2021 Financial Results

Beyond Meat, Inc., a leader in plant-based meat, today reported financial results for its third quarter ended October 2, 2021.

Third Quarter 2021 Financial Highlights

- Net revenues were $106.4 million, an increase of 12.7% year-over-year.

- Gross profit was $23.0 million, or gross margin of 21.6% of net revenues.

- Net loss was $54.8 million, or $0.87 per common share. Net loss as a percentage of net revenues was -51.5%.

- Adjusted EBITDA was a loss of $36.8 million, or -34.5% of net revenues...

Meijer Touts Low Turkey Prices to Help Families Celebrate Thanksgiving

Amid growing concerns about the supply and price of turkeys this year, Meijer is hanging its hat on value and well-stocked birds.

Customers can purchase Meijer brand frozen turkeys for 33 cents per pound through Nov. 27.

Additionally, Meijer is carrying a wide array of small and large birds to accommodate every gathering size. The retailer is offering a vast selection of turkeys; including fresh, frozen, organic and antibiotic-free birds to suit every household's preferences. Meijer brand fresh turkeys cost 99 cents per pound and Butterball fresh turkeys...

NRF Predicts Highest Holiday Retail Sales on Record

Holiday spending has the potential to shatter previous records, as the National Retail Federation today forecast that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. The numbers, which exclude automobile dealers, gasoline stations and restaurants, compare with a previous high of 8.2 percent in 2020 to $777.3 billion and an average increase of 4.4 percent over the past five years.

“There is considerable momentum heading into the holiday shopping season,” NRF President and CEO...

September Retail Sales Grew as Delta Variant Favored Spending on Goods Over Services

Retail sales increased again in September as worries about the COVID-19 delta variant pushed consumer spending toward merchandise rather than services like dining, entertainment or travel despite supply chain disruptions and inflation, the National Retail Federation said today.

“Today’s retail sales data confirms the sheer power of the consumer to spend, and we expect this to continue,” NRF President and CEO Matthew Shay said. “Despite persistent challenges related to the global pandemic, supply chain and labor shortages, retailers and their partners have shown resilience..."