Hormel Foods Strengthens Retail Division with Key Executive Promotions

Hormel Foods Corporation has unveiled strategic promotions within its executive team, with a focus on enhancing its leadership in the retail sector.

Scott Weisenbeck has been promoted to Vice President of Marketing – Retail. A key driver in the expansion of the company’s bacon category, Weisenbeck will now oversee a broader portfolio of brands. He has been with Hormel Foods for over 30 years and previously served as Assistant Vice President.

Joe O’Connor has been promoted to Vice President of Emerging Brands – Retail. O’Connor, who joined the company...

Dollar General Corporation Reports Fourth Quarter and Fiscal Year Financial Results

Dollar General has reported financial results for the fourth quarter and the 2024 fiscal year.

“We were pleased with the underlying performance of the business in the fourth quarter, including improved execution and solid top-line results,” said Todd Vasos, Dollar General’s chief executive officer. “As we reflect on our full fiscal 2024 year, we believe our Back to Basics work is resonating with customers, as demonstrated by higher customer satisfaction scores and healthy market share gains.”

The company reported net sales...

United Natural Foods Delivers Solid Sales Growth in Q2

United Natural Foods, Inc. (UNFI) has released its financial results for the second quarter, which ended on February 1.

The company reported solid sales growth and an improved Adjusted EBITDA for the sixth consecutive quarter. This performance is aligned with its multi-year strategic plan, which focuses on delivering sustainable value for both customers and suppliers while enhancing profitability.

For the quarter, United Natural Foods reported sales of $8.2 billion, marking a 4.9% increase compared to the same period last year. This growth was...

Publix Sees Solid Growth in Q4 and FY 2024 Results 

In its latest financial results, Publix has seen robust growth in quarterly and fiscal earnings.

For the fourth quarter of 2024, the company reported sales of $15.5 billion, reflecting a 5.5% increase compared to the same period in 2023.

Net earnings for the quarter totaled $1.1 billion.

For the full year, Publix achieved sales of $59.7 billion, a 4.6% increase over fiscal 2023.

Comparable store sales rose by 2.9% year-over-year.

Net earnings for the year amounted to...

Armanino Foods Reports Strong Q4 and Fiscal Year Growth

Armanino Foods of Distinction is celebrating its third consecutive quarter of record financial results.

The company is known for making frozen Italian specialty foods like sauces, pestos, and filled pastas that are manufactured for the foodservice, retail, and industrial markets.

For the quarter, net sales increased by 15%, reaching $18.5 million, compared to $16.1 million in the same period of 2023. For the fiscal year 2024, net sales grew by 9%, totaling $69.4 million, up from $63.6 million in 2023...

US Foods Reports Strong Fourth-Quarter and Fiscal Year 2024 Results

US Foods has announced its fourth-quarter and fiscal year results, showcasing strong growth and solid profit performance.

Fourth Quarter Highlights

US Foods achieved a 3.5% increase in total case volume in Q4. Net sales rose by 6.2%, reaching $9.5 billion. The company also saw a noteable rise in net income, which climbed to $66 million. Gross profit for the quarter increased by 4.8%, totaling $1.7 billion.

Fiscal Year 2024 Overview

For the full fiscal year 2024, the company reported a 4.2%...

Pilgrim’s Pride Delivers Solid Results for Q4 and FY2024

Global leader in poultry, Pilgrim's Pride has reported financial results for the last quarter of FY 2024 showing strong results for the quarter and the year.

The company saw net sales of $17.9 billion for the year, bringing in $4.4 billion for the quarter.

Quarter Highlights

Pilgrim’s US portfolio saw growth from strong seasonal commodity values, increased demand in Case Ready and Small Bird, and operational improvements. US Prepared Foods grew through expanded distribution across retail and foodservice, with significant sales increases in Just...

Kerry Group Reports 7.4% Increase in EBITDA for FY 2024

Kerry Group has released its 2024 financial results, showing group revenue totaling €8.0 billion, with revenue from continuing operations reaching €6.9 billion. Revenue is just below 2023’s €8.02 billion but the groups' EBITDA grew by 7.4% to €1.25 billion.

The company’s Taste & Nutrition division grew by 3.4% in volume compared to a 1.1% growth in 2023. The total group volumes also increased by 3.3%, compared to a negative 0.9% the previous year.

Kerry Group completed the sale of Kerry Dairy Ireland...

Sysco Corporation Reports Strong Q2 Results

Sysco Corporation today announced its financial results for the second quarter, ending December 28, 2024, showing robust growth across key metrics.

Sales increased by 4.5%, reaching $20.2 billion, while gross profit rose by 3.9% to $3.7 billion, reflecting solid performance across the business.

The company met analysts' expectations for the quarter, driven by strong top- and bottom-line growth. International operations, in particular, delivered exceptional results, with operating income rising by 14.5% and adjusted operating income increasing by 26.5%.

"Second quarter results included improvements across the company's core financial drivers... 

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

Red Robin Gourmet Burgers, Inc. ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers and American favorites in a family-friendly atmosphere, today reported preliminary, unaudited revenue results for the fourth quarter ended December 29, 2024.

Preliminary Revenue Results for the Fourth Quarter of Fiscal 2024 as Compared to the Fourth Quarter of Fiscal 2023:

• Total revenue is expected to be approximately $285.2 million, a decrease of $23.8 million, primarily due...

Cal-Maine Foods Posts $954.7M in Q2 Sales, Sets New Records Amid Expanding Operations

Cal-Maine Foods, the nation's largest producer and distributor of fresh shell eggs, has announced its financial results for the second quarter of the 2025 fiscal year. The company reported net sales of $954.7 million, marking a significant 82% increase compared to the same period in 2024. This growth was driven primarily by higher prices and strong demand for its products. This quarter the company also set a quarterly record for total dozens sold and specialty dozens sold... 

Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2024

Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and twelve months ended September 28, 2024.

Robert P. Ingle II, Chairman of the Board, stated, “After Hurricane Helene impacted our communities, I am proud of how not only our associates came together, but our entire region. We are truly thankful for all the volunteers and the outpouring of support for our region.”

Impact of Hurricane Helene

On September 27, 2024, Hurricane Helene severely impacted western North Carolina, including the area where the Company’s headquarters are located...

Darden Restaurants Report Strong Q2 Results with 6.0% Sales Growth

Darden Restaurants reported a 6.0% increase in total sales for Q2 which ended November 24, reaching $2.9 billion, with same-restaurant sales up 2.4%.

Olive Garden generated $1.292 billion in sales, LongHorn Steakhouse brought in $710.1 million, and the company’s Fine Dining segment earned $306 million.

In addition, Darden’s Board of Directors declared a quarterly cash dividend of $1.40 per share on the company’s outstanding common stock.

"We had a strong quarter and I am pleased that our four largest brands...

Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2024

Ark Restaurants Corp. today reported financial results for the fourth quarter and fiscal year ended September 28, 2024.

The Company’s fiscal year ends on the Saturday nearest September 30. The fiscal years ended September 28, 2024 and September 30, 2023 both included 52 weeks and the quarters ended September 28, 2024 and September 30, 2023 both included 13 weeks.

Financial Results

Total revenues for the 13 weeks ended September 28, 2024 were $43,406,000 versus $44,400,000 for the 13 weeks ended...

Campbell's Mark Clouse to Retire on January 31

Campbell’s Company announced that Mick Beekhuizen will succeed Mark Clouse as President and CEO, effective February 1, 2025.

Beekhuizen, currently President of the Meals & Beverages division, has been with Campbell’s since 2019, previously serving as CFO. He is recognized for his leadership and role in Campbell’s successful acquisition of Sovos Brands. Before Campbell’s, he held senior roles at Chobani and Goldman Sachs.

Mark Clouse, who has led Campbell’s since 2019, will retire on January 31, 2025, to become President of the NFL's Washington Commanders.

Under his leadership, Campbell’s...

Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Third Quarter Ended October 6, 2024

Red Robin Gourmet Burgers, Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal third quarter ended October 6, 2024.

Highlights for the Third Quarter of Fiscal 2024, Compared to the Third Quarter of Fiscal 2023:

• Total revenues are $274.6 million, a decrease of $2.9 million.
• Comparable restaurant revenue(1) increased 0.6%.
• Net loss is $18.9 million, compared to...

US Foods Reports Third Quarter Fiscal Year 2024 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2024.

Third Quarter Fiscal Year 2024 Highlights

• Net sales increased 6.8% to $9.7 billion
• Total case volume increased 3.8%; independent restaurant case volume increased 4.1%
• Gross profit increased 8.1% to $1.7 billion
• Net income was $148 million
• Adjusted EBITDA increased 13.2% to $455 million
• Diluted EPS increased 60.5% to $0.61; Adjusted Diluted EPS increased 21.4% to $0.85...

Vital Farms Reports Third Quarter 2024 Financial Results and Raises Fiscal Year 2024 Outlook

Third Quarter Net Revenue of $145.0 million, up 31.3% versus Prior Year Period
Raises Fiscal Year 2024 Guidance and Reiterates Long-term Guidance
On Track to Reach $1 Billion Net Revenue Target in 2027

Vital Farms, a Certified B Corporation that offers a range of ethically produced foods nationwide, today reported financial results for its third quarter ended September 29, 2024.

Financial highlights for the third quarter ended September 29, 2024, compared to the third quarter ended September 24, 2023...

Lineage, Inc. Reports Third-Quarter 2024 Financial Results

Lineage, Inc., the world’s largest global temperature-controlled warehouse REIT, today announced its financial results for the third quarter of 2024.

Third-Quarter 2024 Highlights

• Raised $5.1 billion in gross proceeds from the Company's July 2024 IPO, marking the largest IPO of the year and largest real estate IPO of all-time
• Total revenue increased 0.5% to $1.3 billion
• Net loss of ($543) million, or ($2.44) per diluted common share
• Total NOI increased 2.1% to $439 million
• Adjusted EBITDA increased...

Burger King, KFC Owners Miss Results Estimates as Fast-Food Spending Wanes

Burger King parent Restaurant Brands and KFC owner Yum Brands missed market estimates for quarterly results on Tuesday, hit by weak demand in the United States and abroad from budget-stretched customers.

Consumers are relying on cheaper, home-cooked meals instead of eating out as fast-food prices have risen over the past year, hurting traffic across the industry.

As a result, restaurant operators have turned to aggressive promotions in an attempt to attract value-seeking customers. Burger...

Publix Reports Third Quarter 2024 Results and Stock Price

Publix’s sales for the three months ended Sept. 28, 2024 were $14.6 billion, a 4.9% increase from $14 billion in 2023. Comparable store sales for the three months ended Sept. 28, 2024 increased 3.4%. The company estimates sales for the three months ended Sept. 28, 2024 increased 0.6% due to the impact of Hurricane Helene.

Net earnings for the three months ended Sept. 28, 2024 were $1.1 billion, compared to $833 million in 2023, an increase of 31.7%. Earnings per share...

FAT Brands Inc. Reports Third Quarter 2024 Financial Results

FAT (Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”) today reported financial results for the fiscal third quarter ended September 29, 2024.

Andy Wiederhorn, Chairman of FAT Brands, said, “Over the last three years, we have expanded our brand portfolio to include 18 distinct concepts while our footprint has increased tenfold, now encompassing over 2,300 locations across more than 40 countries and 49 U.S. states or territories. We opened 22 new units during the third quarter, bringing our year-to-date openings to 71 new...

Pilgrim’s Pride Reports Third Quarter 2024 Results with $4.6 Billion in Net Sales

Pilgrim’s Pride Corporation, one of the world's largest poultry producers, reports its third quarter 2024 financial results.

Third Quarter Highlights

• Net Sales of $4.6 billion.
• Consolidated GAAP operating income margin of 11.1%.
• GAAP Net Income of $350.0 million and GAAP EPS of $1.47. Adjusted Net Income of $387.0 million or Adjusted EPS of $1.63.
• Adjusted EBITDA of $660.4 million, or a 14.4% margin.
• Our U.S. Fresh portfolio continued to improve through progress in operational excellence, strong demand, and enhanced...