Once Upon a Farm has registered for an IPO in the US, a decade after the organic baby-food manufacturer was set up. Berkeley, California-based Once Upon a Farm is seeking a listing on the New York Stock Exchange under the ticker symbol OFRM, according to a filing yesterday (29 September) with the US Securities and Exchange Commission (SEC). Founded in 2015 by Cassandra Curtis and Ari Raz, the business sells baby and children’s foods, including refrigerated pouches, oat bars, frozen meals and pantry snack ...

Core Insights - Mission Produce, Inc. reported a 28% increase in revenue to $380.3 million for Q2 fiscal 2025, but gross profit fell by 8.3% to $28.4 million, indicating a margin squeeze due to supply challenges and unique costs [1][9] - The gross margin decreased to 7.5%, down 290 basis points year-over-year, primarily due to falling per-unit margins on avocados [1] - Management indicated that some pressures are situational rather than permanent, with sourcing adjustments helping to improve margins towards the end of the quarter [2] Financial Performance - Mission Produce's gross profit declined despite record revenue growth, highlighting vulnerabilities in its business model when supply dynamics tighten [1][9] - The company faced unique costs, including $1.1 million in tariffs and $1.5 million related to Canadian facility closures, which further pressured profitability [1] - The Zacks Consensus Estimate suggests a year-over-year earnings decline of 20.3% for both fiscal 2025 and 2026, with estimates remaining unchanged over the past week [11] Competitive Landscape - Mission Produce faces stiff competition from Dole Plc and Fresh Del Monte Produce Inc., both of which have demonstrated different margin dynamics [5] - Dole has maintained resilient margins despite sourcing and shipping challenges, benefiting from strong pricing and demand in key markets [6] - Fresh Del Monte's gross profit increased to $120.1 million, with a gross margin expansion to 10.2%, driven by strong demand for proprietary products [7] Market Dynamics - Avocado pricing and supply remain volatile, making Mission Produce reliant on global sourcing agility to protect margins [3] - The upcoming Peruvian harvest is expected to be significantly stronger than last year, which will be a critical test for margin normalization [4] - Mission Produce's stock has gained 15% over the last three months, outperforming the industry growth of 6.6% [8] Valuation Metrics - Mission Produce trades at a forward price-to-earnings ratio of 29.93X, which is significantly above the industry average of 14.86X [10]

BLOOMBERG TECH IS LIVE WITH CAROLINE HYDE AND ED LUDLOW. ED: COMING UP, MICRON BOOSTS ITS COMMITMENT TO INVEST IN NEW R&D IN THE USA. CAROLINE: WE STAY ACROSS THE EVOLVING STORY OF THE BOEING DREAMLINER CRASH AT LEAST 200 DEAD.ED: THE FINTECH FIRM CHIME PRICES ABOVE RANGE. >> FIRST WE CHECK IN ON THESE MARKETS. THERE IS CAUTIOUS TRADING AS WE DIGEST ANOTHER POINT SHOWING INFLATIONARY PRESSURE IS NOT AS HIGH AS EXPECTED.CAN THE FED RAISE -- CUT NOT ONCE BUT TWICE THIS YEAR FOR 2025 WITH THE MARKET PRICES IN. ...

Summary of YETI FY Conference Call (June 05, 2025) Company Overview - **Company**: YETI Holdings, Inc. (YETI) - **Industry**: Consumer Goods, specifically outdoor and lifestyle products Key Points and Arguments Company Evolution and Growth Strategy - YETI has evolved from a limited product range in 2016 to a diverse portfolio with over 60 drinkware products and more than 30 cooler products, including hard and soft coolers [4][7] - The company has shifted its sales model from 90% wholesale to 60% direct-to-consumer (D2C) [7] - International sales are projected to reach approximately $400 million in 2025, primarily from Canada and Australia, with growth opportunities in the UK and Germany [8][52] Product Innovation and Expansion - YETI is focusing on product innovation, including new categories such as outdoor cooking and insulated food storage [11][15] - The company has acquired Mystery Ranch to enhance its bags portfolio, with plans to rebrand and relaunch products [16][19] - A powered cooler is in development, aimed at markets with limited access to ice, which is expected to resonate globally [22] Marketing Strategy - YETI employs a community-focused marketing strategy, emphasizing local engagement and brand authenticity [27][28] - The consumer demographic has diversified, with a more balanced male-to-female ratio and a wide range of price points from $20 to $1,500 [29] Consumer Environment and Financial Guidance - YETI revised its revenue growth guidance from 5-7% to 1-4% due to supply chain disruptions and increased tariffs [31][32] - The company is transitioning its supply chain out of China, with only 5% of COGS expected to be sourced from there by year-end [32][61] - Signs of consumer caution have been observed, particularly among wholesale partners, but certain segments like Amazon and corporate sales continue to perform well [34] Category Performance - The drinkware category has seen a decline in sales after significant growth, attributed to market saturation and increased competition [38][41] - The cooler category remains strong, with new product innovations driving growth [46][49] International Expansion - YETI is entering the Japanese market and plans to expand further into Asia, with a focus on establishing wholesale relationships and brand awareness [55] Financial Health and Capital Allocation - YETI expects to generate over $100 million in free cash flow this year, with minimal debt [62][63] - The company has been active in share repurchases and M&A, focusing on innovation rather than building a house of brands [65] Additional Important Insights - The company is experiencing a transition phase with supply chain adjustments and product launches, which may temporarily impact growth [33][60] - YETI's marketing strategy is crucial for maintaining brand loyalty while expanding into new consumer segments and product categories [26][27]

Group 1 - Boeing's shares fell by 7.3% due to the implementation of 25% tariffs on goods from Mexico and Canada, and a 10% import duty on Canada's energy products, alongside increased tariffs on Chinese products to 20% [1] - The trade wars pose a significant threat to Boeing as it is the largest capital goods exporter in the U.S., risking loss of orders to competitors like Airbus [2] - Increased tariffs could raise suppliers' costs, impacting Boeing's profit margins, especially as the company needs to ramp up production of the 737 MAX and manage costs for the 777X [3] Group 2 - Trade wars can lead to supply chain disruptions, with suppliers potentially unable to provide products, which may force Boeing to alter its supply chain [4] - While the tariffs are concerning, there is a possibility they are being used as a negotiating tactic and may be rolled back quickly, although the market will remain cautious until a resolution is reached [5]