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Nasdaq Surges 200 Points; United Natural Foods Posts Upbeat Earnings
Benzinga· 2025-12-02 14:50
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 200 points on Tuesday.Following the market opening Tuesday, the Dow traded up 0.05% to 47,310.70 while the NASDAQ rose 0.86% to 23,476.42. The S&P 500 also rose, gaining, 0.42% to 6,841.03.Check This Out: How To Earn $500 A Month From American Eagle Stock Ahead Of Q3 EarningsLeading and Lagging SectorsInformation technology shares jumped by 1.3% on Tuesday.In trading on Tuesday, energy stocks fell by 1%.Top HeadlineUnited Natur ...
Beyond Meat stock is surging as meme mania returns: Here's the latest on the volatile start to December markets
Fastcompany· 2025-12-02 13:11
Shares in Beyond Meat (Nasdaq: BYND) are again rising in premarket trading today after the company's stock price surged a massive 36.4% yesterday. ...
Mondelez Delivers a Solid Q3: Does the Guidance Cut Signal Trouble?
ZACKS· 2025-11-27 14:01
Core Insights - Mondelez International, Inc. (MDLZ) reported a strong third quarter for 2025 with better-than-expected revenues and earnings, but management adopted a cautious outlook for the near term due to specific headwinds encountered during the quarter [1][6] Revenue and Earnings Guidance - MDLZ now anticipates 2025 organic net revenue growth of 4% or higher, down from the previously mentioned 5% [2] - Adjusted EPS is expected to decline by 15% on a constant-currency basis, a steeper drop than the earlier estimate of 10% [2] Challenges Faced - The company experienced sharper-than-expected inventory reductions from U.S. retailers, leading to a temporary decline in shipments and more volatile near-term comparisons [3] - Unusually hot weather and increased price sensitivity in Europe negatively impacted chocolate volumes [3] - Tariff uncertainties have added costs and affected consumer sentiment in certain markets, contributing to the cautious guidance [4] Strategic Responses - Mondelez is focusing on targeted pricing actions, enhancing retail partnerships, and increasing efforts in value and club channels [5] - The company remains well-positioned in cocoa supply, providing flexibility as commodity markets change [5] Market Performance - MDLZ shares have decreased by 6.6% over the past three months, underperforming the industry decline of 7.5% and the broader Consumer Staples sector's drop of 4.3% [7] Valuation Metrics - Mondelez currently trades at a forward 12-month P/E ratio of 18.18, which is above the industry average of 14.72, raising concerns about justifying this elevated multiple in light of near-term pressures [10]
X @Forbes
Forbes· 2025-11-27 08:29
Meet The Billionaires Behind A Food Empire Built On Dessert Topping https://t.co/JhKYtTV42O ...
Layoffs slam transport, logistics, manufacturing sectors ahead of the holidays
Yahoo Finance· 2025-11-26 13:30
Summary of Layoffs Across Industries Group 1: Overall Layoff Trends - Recent layoffs across various sectors, including automotive, food processing, logistics, and manufacturing, total at least 11,934 workers, with the actual number likely higher due to phased cuts and incomplete reporting [1] Group 2: Specific Company Layoffs - Kroger plans to lay off over 1,000 employees as it closes three automated fulfillment centers in January 2026 to enhance e-commerce profitability and streamline operations [2] - Baker & Taylor will cease operations by the end of the year, resulting in approximately 1,500 layoffs, including staff at distribution centers in Georgia, New Jersey, and North Carolina [3] - General Motors is set to permanently lay off 1,140 employees at its Factory Zero site in Detroit effective January 5, due to production schedule adjustments linked to slower electric vehicle adoption [4] - GM will also temporarily lay off 710 employees at its Ultium Cells battery plant in Spring Hill, Tennessee, starting January 5, due to declining demand for electric vehicles, with expectations for production to resume by mid-2026 [5] - Yanfeng will close its production facility in Romulus, Michigan, resulting in 192 layoffs by the end of January, as production is shifted to other facilities [6] - Frito-Lay is closing two facilities in Orlando, Florida, leading to approximately 500 layoffs, with immediate cuts to 454 manufacturing employees and 46 warehouse employees scheduled for May 9 [7] - Tyson Foods is closing its large beef plant in Lexington, Nebraska, and eliminating one shift at its Amarillo, Texas, beef plant, citing a national cattle shortage and losses in its beef business [8]
Campbell's executive put on leave after alleged comments
NBC News· 2025-11-26 05:01
Former employee who's suing the company says he secretly recorded Campbell's VP and chief information security officer Martin Bal during what that worker describes as an hour-long tirade. >> We have for poor people. Who buys our It's so healthy.Now that I know what the in it even in a can of soup, I look at it. Look at bioengineered meat. I don't want to eat a a piece of chicken that came from a 3D printer.So, not only does he talk about the food, but this lawsuit also alleges that this VP went on to talk a ...
SJM Q2 Earnings Miss Despite Higher Sales, FY26 Guidance Tightened
ZACKS· 2025-11-25 15:51
Core Insights - The J. M. Smucker Company (SJM) reported second-quarter fiscal 2026 results with a year-over-year decline in earnings, missing the Zacks Consensus Estimate, while net sales increased and exceeded expectations due to strong demand for its flagship brands [1][10] Financial Performance - Adjusted earnings were $2.10 per share, falling short of the Zacks Consensus Estimate of $2.12 and down 24% from $2.76 in the prior-year quarter [2] - Net sales reached $2,330.1 million, a 3% year-over-year increase, surpassing the Zacks Consensus Estimate of $2,322 million; excluding noncomparable sales from last year, net sales grew 5% [3] - Adjusted gross profit decreased by 10% due to high commodity costs, tariffs, and adverse volume/mix, partially offset by improved net price realization [4] - Adjusted operating income fell 20% year-over-year to $394.3 million, driven by lower gross profit and increased selling, distribution, and administrative (SD&A) expenses [4] Segment Performance - U.S. Retail Coffee segment sales increased by 21% to $848.9 million, with net price realization up 27%, while volume/mix declined by 6%; segment profit decreased by 24% to $154.3 million [5] - U.S. Retail Frozen Handheld and Spreads segment sales decreased by 5% to $461.1 million, with volume/mix negatively impacting sales by 8 percentage points; segment profit fell 12% to $102.1 million [6] - U.S. Retail Pet Foods segment sales dropped by 7% to $413.2 million, with volume/mix having an 8-percentage-point adverse impact; segment profit grew by 2% to $124.4 million [7] - Sweet Baked Snacks segment sales were $256.1 million, down 19% year-over-year, with segment profit plummeting 69% to $21.8 million [8] - International and Away From Home segment net sales increased by 9% to $350.8 million, exceeding the Zacks Consensus Estimate of $345 million [9] Guidance and Outlook - For fiscal 2026, SJM anticipates net sales growth of 3.5-4.5%, revised from the previous 3-5% estimate, including a $134.7 million impact from divestitures [14] - Comparable net sales are expected to increase by approximately 5-6%, down from the earlier 4.5-6.5% range, reflecting higher net price realization but offset by volume/mix declines [15] - Adjusted EPS for fiscal 2026 is now projected to be in the range of $8.75-$9.25, compared to the previous estimate of $8.50-$9.50 [16]
Want Over $7,000 in Annual Dividends? Invest $25,000 in Each of These 4 Stocks.
Yahoo Finance· 2025-11-25 10:30
Core Insights - Conagra Brands, a 105-year-old company with over 20 national food brands, is projected to achieve more than $11.6 billion in sales this year while modernizing its portfolio for future growth [1] - The company's stock has declined 37% year-to-date, making it one of the worst performers in the S&P 500, which has resulted in an increased dividend yield of 8% [2] - Conagra has a trailing payout ratio of 78% and has increased its dividend for the past six years, indicating a commitment to returning value to shareholders [7] Conagra Brands - Conagra is focusing on modernizing its product offerings to drive future growth [1] - The company has experienced a significant stock decline, which has led to a high dividend yield, attracting value investors [2] - The dividend payments from Conagra are projected to grow, with historical growth rates averaging 6.3% annually over the past five years [3] - The current dividend yield of Conagra is significantly higher than the S&P 500 average of 1.2% [5] - Conagra's price-to-earnings (P/E) and price-to-sales (P/S) ratios are near 10-year lows, suggesting potential value [7] United Parcel Service (UPS) - UPS has also faced a challenging year, with a 28% decline in stock price, resulting in a dividend yield of almost 7% [8] - The company has maintained or increased its dividend annually since going public in 1999, reflecting its financial strength [9] - UPS's dividend payout ratio is currently at 91%, but it is expected to decrease as earnings per share (EPS) are projected to grow by 4% and 11% in 2026 and 2027, respectively [10] Pfizer - Pfizer's stock has seen a modest decline of 5% year-to-date, with a current dividend yield of 6.9%, the highest in the healthcare sector [11] - The company has a 98% dividend payout ratio, which is projected to decline to 75% by 2026, indicating potential for sustainable dividends [12] - Pfizer has a strong track record of dividend increases over the past 16 years, supported by its balance sheet strength [12] Verizon - Verizon offers a dividend yield of 6.7%, making it one of the top dividend payers in the S&P 500 [13] - The company has a commitment to returning value to shareholders, with a 21-year track record of annual dividend increases [14] - Verizon's current P/E ratio is less than 9 times earnings for the next 12 months, indicating potential undervaluation [15]
X @Bloomberg
Bloomberg· 2025-11-24 12:18
The bitter decades-long feud between Big Sugar and Big Candy began to ease in a conference room at Washington’s Four Seasons hotel, where more than 40 lobbyists faced off, divided by trays of pastries https://t.co/RFRhURjJTx ...
Trump rolls back Brazil tariffs as U.S. faces higher grocery prices
NBC News· 2025-11-21 22:39
We do want to turn now to more economic fallout from the government shutdown. The Bureau of Labor Statistics announcing it is cancelling its October inflation report and delaying the release of its November report. The announcement coming as the White House appears to be responding to growing frustration among consumers and voters on the issue of inflation and the cost of food.The president announcing late yesterday that he's rolling back tariffs on additional imports from Brazil, including fruit, coffee, c ...