Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Planet Based Foods Global Inc. (CSE: PBF) (OTC Pink: PBFFF) (FSE: AZ00) (the "Company" or "PBFG") announces that it has changed its auditor from MNP LLP (the "Predecessor Auditor") to DMCL LLP (the "Successor Auditor" or "DMCL"), effective February 18, 2026. The change in auditors was approved by the Company's board of directors to better align audit and advisory services with the Company's growth strategy and evolving operations.The appoi ...

The jam-and-jelly maker posted higher third-quarter sales, but lowered its sales-growth forecast for the year because of a recent fire at its manufacturing facility. ...

In the fourth quarter, its latest acquisition was Crown 1 Enterprises Inc., a manufacturer of value-added proteins and ready-to-eat meals. It paid $17.5 million in cash for the former Sysco (SYY) subsidiary. The acquisition adds $56 million in annual revenue. Crown 1 brings an upgraded 42,000-square-foot production facility to the company.Its primary goal is to become a one-stop shop deli solution with annual sales of $1 billion. It plans to reach that goal through organic sales initiatives and accretive st ...

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Chief commercial executive Chris (last name not provided) presented five pillars for fiscal 2027 sales initiatives, emphasizing a shift toward portfolio selling rather than “order taking” or single-item selling. A key KPI for the year is expanding average items per existing customer, with a goal of a net +2 SKUs in each of the top 10 accounts.CEO Adam (last name not provided in the transcript) said the company’s strategy remains unchanged, centered on the “4Cs,” with a particular emphasis on controls and da ...

Economic Overview - The U.S. economy is entering a fragile and bifurcated phase, with rising concerns from major corporations and institutional investors regarding consumer strength, labor market stability, and equity valuations [1] - The U.S. savings rate has dropped to 3.6%, the lowest in several years, indicating that Americans are increasingly using savings to maintain spending [3] - Labor market stress and stagnating income growth are eroding purchasing power, particularly among middle and lower-income households [5][6] Consumer Behavior - Walmart has raised concerns about a "hiring recession," reflecting anxiety about labor market deterioration and its impact on middle- and lower-income customers [2] - Seasonal boosts like tax refunds are expected to be used primarily for debt repayment rather than additional spending, dampening economic momentum [4] Market Dynamics - The U.S. economy exhibits a "K-shaped" recovery, where higher-income consumers remain resilient while lower- and middle-income Americans face declining real wages and reduced discretionary spending [6] - Recent capital flows indicate caution among sophisticated investors, with retail investors pouring $48 billion into equities, a level historically associated with late-cycle market peaks [7] Investment Trends - Hedge funds are holding record-high gross leverage while unwinding long positions, indicating a defensive posture in a thin market [8] - Institutional investors sold $8.3 billion in U.S. equities last week, marking the second-largest weekly outflow on record, with a notable focus on short positions in technology stocks [10] Technical Market Conditions - Systematic trading strategies may accelerate selling if key technical support levels in major indices are breached, with the NASDAQ-100 ETF showing a bearish technical setup [9] - Market liquidity has fallen to approximately $2.9 million, levels that historically precede heightened volatility and market corrections [10] Strategic Recommendations - Investors may consider reducing exposure to technology, cyclical, and consumer discretionary sectors while increasing allocation to defensive sectors such as utilities, healthcare, and consumer staples [10] - Long-term U.S. Treasuries may be explored for downside protection and price appreciation as rates drop, alongside holding short-term Treasuries or cash equivalents [11]

Finland’s Fazer Group is open to acquisitions as it seeks to build on an unprecedented year for sales. “As we continue on our international growth journey, we are actively pursuing opportunities to expand not only organically but also through M&A and remain committed to exploring all avenues that enable us to strengthen Fazer’s position in both existing and new markets,” president and CEO Christoph Vitzthum said today (23 February). Despite challenges in confectionery, bakery and Fazer’s lifestyle foods ...

The J.M. Smucker Company (NYSE:SJM) is one of the best sugar stocks to buy according to hedge funds. On February 20, TD Cowen lifted the price target on The J.M. Smucker Company (NYSE:SJM) to $112 from $105 and maintained a Hold rating on the shares. The rating update came after the CAGNY presentation, with the firm telling investors in a research note that the company’s commentary was constructive on fiscal 2026. Morgan Stanley Cuts Smucker (SJM) Target After Strong Run, Flags Margin Recovery Risk Separ ...

Core Viewpoint - Altria offers a high yield of 6.3%, but the business faces significant challenges, making it a riskier investment compared to Hormel Foods, which has a lower yield of approximately 5% but a more stable business model [1][4][11]. Altria Overview - Altria's primary business revolves around cigarette sales, which are declining; for instance, cigarette volumes fell by 10% in 2025 [4]. - The company has managed to support revenue and earnings through price increases and stock buybacks, allowing for ongoing dividend increases, but it remains fundamentally challenged [5]. Hormel Foods Overview - Hormel Foods is a large food manufacturer focused on protein products, aligning well with current consumer trends [6]. - The company is currently facing challenges, particularly in passing rising costs onto consumers, and is refocusing on cost control and portfolio overhaul, including plans to sell its whole turkey business [7][9]. - Hormel's interim CEO, Jeff Ettinger, has implemented strategies leading to five consecutive quarters of organic sales growth, indicating positive momentum [10]. - Hormel has a 5% yield and has increased its dividend annually for over 50 years, earning the title of Dividend King, which reflects a strong commitment to returning value to investors [11].

Core Viewpoint - Flowers Foods (FLO) is currently attracting significant investor interest due to its 10% dividend yield, leading to discussions about the sustainability of its dividend payments [1] Company Summary - Flowers Foods is a bread company that is under scrutiny regarding its ability to maintain dividend payments amidst investor debates [1] Industry Context - The focus on dividend yields is prevalent among investors in the food manufacturing sector, particularly for companies like Flowers Foods that are perceived to have stable cash flows [1]