Core Viewpoint - The Marzetti Company, formerly known as Lancaster Colony Corporation, has rebranded to emphasize its commitment to high-quality food products and to honor its 130-year history with the Marzetti brand [3][4]. Company Overview - The rebranding to The Marzetti Company took effect on June 27, 2025, reflecting a strategic shift to better position the business within the food industry [3]. - The Marzetti name is seen as essential for communicating the company's value to stakeholders [4].

Core Insights - Campbell's Company (CPB) reported mixed results for the second quarter of fiscal 2025, with net sales increasing year over year but missing the Zacks Consensus Estimate, while adjusted earnings declined year over year but exceeded expectations [1][3][4] Financial Performance - Adjusted earnings were 74 cents, down 8% year over year, primarily due to increased net interest expenses, although higher adjusted EBIT partially offset this decline [3] - Net sales reached $2,685 million, reflecting a 9% year-over-year growth but falling short of the Zacks Consensus Estimate of $2,738 million, with organic net sales declining by 2% [4] - Adjusted gross profit was $815 million, up from $772 million in the prior-year quarter, but the adjusted gross profit margin contracted by 100 basis points to 30.4% due to various cost pressures [5] Segment Performance - Meals & Beverages segment net sales were $1,679 million, up 21% year over year, driven by the Sovos Brands acquisition, but organic sales declined by 1% [7] - Snacks segment net sales totaled $1,006 million, down 6% year over year, with organic sales declining by 3% due to lower sales in key brands [8] Cash Flow and Capital Management - As of the end of the reported quarter, Campbell's had cash and cash equivalents of $829 million and total debt of $7,675 million, generating $737 million in net cash from operating activities for the first half of the fiscal year [9] - The company paid $227 million in cash dividends and repurchased nearly $56 million in shares year to date, with approximately $205 million remaining under its anti-dilutive share repurchase program [10] Fiscal 2025 Guidance - Campbell updated its fiscal 2025 guidance, now forecasting net sales growth of 6-8%, down from the previous estimate of 9-11%, and organic net sales expected to range from a 2% decline to flat [11] - Adjusted EPS is now projected to decline by 4% to 1%, with a new range of $2.95 to $3.05 compared to the previous forecast of $3.12-$3.22 [12]

Core Insights - ThredUp Inc. reported a year-over-year revenue increase in Q4 2024, meeting the Zacks Consensus Estimate, but the bottom line showed a decline, missing the Consensus Estimate [1][3]. Financial Performance - Revenue for Q4 2024 increased by 9.5% year over year to $67.3 million, driven by marketing investments, AI enhancements, and a renewed focus on core business post-European divestiture [4]. - Consignment revenues grew by 16.6% to $64.6 million, while product revenues fell by 55.8% to $2.7 million [5]. - Active buyers decreased by 6% year over year to 1.3 million, but order growth increased by 2% to 1.2 million [5]. - Gross profit rose by 14% year over year to $54.1 million, with a gross margin of 80.4%, reflecting a 290-basis-point increase [6]. - Operating expenses increased by 10.7% to $62.3 million compared to the prior year [6]. - Adjusted EBITDA for Q4 2024 was $5 million, doubling from $2.5 million in the prior year, with an adjusted EBITDA margin of 7.4% [7]. Cash Flow and Capital Expenditures - The company ended the quarter with cash and cash equivalents of $31.9 million and total stockholders' equity of $56.3 million [8]. - Net cash provided by operating activities was $4.9 million for the 52-week period ending December 31, 2024, with total capital expenditures of $2.5 million for the quarter [8]. Future Guidance - For Q1 2025, ThredUp expects revenue between $67.5 million and $69.5 million, indicating a 6% year-over-year increase at the mid-point, with a gross margin between 77% and 79% [11]. - For the full year 2025, projected revenues are between $270 million and $280 million, also implying a 6% year-over-year increase at the mid-point, with an adjusted EBITDA margin expected to remain flat at 3.3% [12].

Economic Overview - Concerns about a slowing economy have intensified, with the Federal Reserve unlikely to implement rate cuts soon due to persistent inflation [1][8] - Consumer confidence has dropped significantly, with the Conference Board's consumer survey index falling to 98.3 in February, below the expected 102.3 [7] Inflation Data - The consumer price index (CPI) rose by 0.5% in January, following a 0.4% increase in December, marking the largest jump since August 2023 [5] - Year-over-year, CPI increased by 3% in January, up from 2.9% in December, the highest annual gain since April 2024 [6] Consumer Staples Investment - Investing in consumer staples stocks is recommended as they are considered defensive during economic uncertainty [2] - Suggested stocks include Carriage Services, Inc. (CSV), Lancaster Colony Corporation (LANC), Tyson Foods (TSN), and Molson Coors Beverage Company (TAP), all carrying a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [2] Company Profiles - **Carriage Services, Inc. (CSV)**: Expected earnings growth rate of 7.2% for the current year, Zacks Rank 2, beta of 0.91, and a dividend yield of 1.12% [12][13] - **Lancaster Colony Corporation (LANC)**: Expected earnings growth rate of 6.1% for the current year, Zacks Rank 2, beta of 0.31, and a dividend yield of 1.99% [14][15] - **Tyson Foods (TSN)**: Expected earnings growth rate of 22.6% for the current year, Zacks Rank 2, beta of 0.72, and a dividend yield of 3.26% [16][17] - **Molson Coors Beverage Company (TAP)**: Expected earnings growth rate of 6.5% for the current year, Zacks Rank 1, beta of 0.81, and a dividend yield of 3.07% [18][19] Investment Strategy - The recommended investment strategy focuses on low-beta stocks with high dividend yields and favorable Zacks Ranks [3]