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Pomerantz Law Firm Announces the Filing of a Class Action Against Beyond Meat, Inc.and Certain Officers – BYND
Globenewswire· 2026-01-27 18:25
Core Viewpoint - A class action lawsuit has been filed against Beyond Meat, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from February 27, 2025, to November 11, 2025, seeking damages for affected investors [1]. Company Overview - Beyond Meat operates in the food industry, focusing on the development, manufacturing, marketing, and sale of plant-based meat products under the "Beyond" brand in the U.S. and internationally [4]. Financial Performance and Challenges - Since early 2025, Beyond Meat has faced shrinking demand, increasing debt, and losses, with a primary goal of achieving positive EBITDA by the end of 2026 [5]. - Throughout the Class Period, the company emphasized operational efficiency and cost reduction while deemphasizing revenue growth [6]. Allegations of Misleading Statements - The complaint alleges that Defendants made materially false and misleading statements regarding the company's business and operations, including failing to disclose the likelihood of significant asset impairment charges [8]. - It is claimed that the book value of certain long-lived assets exceeded their fair value, which could impair the company's ability to file periodic reports with the SEC [8]. Stock Price Impact - The truth began to emerge on October 24, 2025, when Beyond Meat reported expectations of a non-cash impairment charge, leading to a stock price drop of 23.06% to $2.185 per share [9]. - Subsequent announcements regarding delays in financial reporting and actual impairment charges resulted in further declines in stock price, with a notable drop of 8.96% to $1.22 per share on November 11, 2025 [11][12].
Rosen Law Firm Urges Beyond Meat, Inc. (NASDAQ: BYND) Stockholders to Contact the Firm for Information About Their Rights
Businesswire· 2026-01-26 20:01
Group 1 - The core issue involves a class action lawsuit against Beyond Meat, Inc. for allegedly misleading investors about its business operations during the specified period [1][2] - The lawsuit claims that Beyond Meat's long-lived assets had a book value exceeding their fair value, indicating a likely need for a material, non-cash impairment charge [3] - It is alleged that these misstatements could impair Beyond Meat's ability to file periodic reports with the SEC in a timely manner, leading to investor damages when the truth was revealed [3] Group 2 - Shareholders interested in participating as lead plaintiffs must file motions by March 24, 2026, and can remain absent class members if they choose not to take action [4] - Rosen Law Firm operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless they recover losses [5] - Rosen Law Firm is recognized for its commitment to shareholder rights litigation and has successfully recovered over $1 billion for shareholders since its inception [6]
X @Bloomberg
Bloomberg· 2026-01-26 13:23
RT Agnieszka de Sousa 🍒 (@AggieDeSousa)A toxin scare involving baby formula is causing disruption at some of the world's largest food companies.What is cereulide and why it's so stubborn, read in the latest Business of Food newsletter, from @fabiennekatrinhttps://t.co/LJabyZ4Y6Q ...
X @The Wall Street Journal
The Wall Street Journal· 2026-01-23 20:15
Danone said Friday it is recalling selected batches of its infant formula in line with guidance from Irish food-safety authorities https://t.co/nkeleMzRSY ...
McCormick & Company, Inc. (NYSE:MKC) Faces Challenges but Shows Potential for Growth
Financial Modeling Prep· 2026-01-23 18:10
Core Viewpoint - McCormick & Company, Inc. is a leading player in the spices and condiments market, facing competition but maintaining its market position despite recent challenges [1]. Financial Performance - McCormick reported Q4 revenue of $1.85 billion, reflecting a year-over-year increase of 2.9%, driven primarily by a 4.0% sales increase in the Consumer segment [3][6]. - The company experienced an EPS miss in Q4, marking only the second miss in the past three years, which contributed to a decline in share price [2][6]. Market Position and Stock Performance - The current stock price of MKC is $61.20, down by $5.36 or approximately 8.05%, with a market capitalization of around $16.42 billion [5]. - Bernstein has set a price target of $85 for MKC, indicating a potential upside of approximately 38.89% from the current trading price [2][6]. Operational Challenges - McCormick's gross margin is under pressure due to rising commodity costs, tariffs, and investments in capacity expansion, although cost-saving measures have provided some relief [4][6]. - The company's guidance for FY26 is mixed, with lower EPS expectations but higher revenue forecasts, influenced by the acquisition of a controlling interest in McCormick de Mexico [4].
CUISINE SOLUTIONS® CELEBRATES 9TH ANNUAL INTERNATIONAL SOUS VIDE DAY
Prnewswire· 2026-01-23 13:00
Cuisine Solutions® celebrates International Sous Vide Day - honoring the global impact of sous vide innovation, precision, and culinary excellence. What began as a quiet revolution in French kitchens centuries ago has evolved into a global movement defined by precision, creativity, and passion. Today, Cuisine Solutions, the worldwide leader and reference in sous vide, continues to lead that movement, with groundbreaking innovation in products, processes, and equipment, to inspire chefs and home cooks alike. ...
商务预报:12月份食用农产品市场价格环比延续涨势
Shang Wu Bu Wang Zhan· 2026-01-23 09:17
Group 1 - The national market price of edible agricultural products increased by 2.0% month-on-month in December [1] - The average wholesale price of grains in 36 major cities remained stable month-on-month, with a year-on-year increase of 0.4% [2] - The average wholesale price of edible oil decreased by 0.1% month-on-month and by 1.6% year-on-year [2] Group 2 - The average wholesale price of pork decreased by 1.8% month-on-month and by 20.0% year-on-year [2] - The average wholesale price of beef decreased by 0.1% month-on-month but increased by 5.5% year-on-year [2] - The average wholesale price of lamb increased by 0.4% month-on-month and by 2.8% year-on-year [2] Group 3 - The average wholesale price of eggs increased by 0.4% month-on-month but decreased by 23.0% year-on-year [3] - The average wholesale price of broiler chickens decreased by 0.4% month-on-month and by 6.6% year-on-year [4] - The average wholesale prices of 30 types of vegetables and 6 types of fruits increased by 4.9% and 3.6% month-on-month, respectively, with year-on-year increases of 19.7% and 5.2% [4]
Jim Cramer on Ares Capital: “I Want to Be Very Careful There”
Yahoo Finance· 2026-01-22 08:09
Group 1 - Ares Capital Corporation (NASDAQ:ARCC) is involved in providing financing solutions, including debt, equity, and mezzanine capital, to middle-market companies across various industries such as manufacturing, healthcare, and technology [2] - Jim Cramer expressed skepticism about Ares Capital, particularly regarding the lack of clarity on its holdings and indicated a preference for other investments, specifically Johnson & Johnson [1] - The company offers a 9% yield, which raises concerns for some investors, as highlighted by Cramer [1] Group 2 - There is a belief that certain AI stocks may present greater upside potential and carry less downside risk compared to Ares Capital [3]
Markets News, Jan. 21, 2026: Stocks End Sharply Higher as Trump Rules Out Force in Greenland, Backs Off Threat of New Tariffs
Investopedia· 2026-01-22 01:03
Group 1: Gold Market Insights - Spot gold prices approached $4,900 per ounce, raising speculation about reaching $5,000 for the first time [2] - The increase in gold prices is attributed to geopolitical uncertainties, particularly involving U.S. President Donald Trump and European leaders [2][32] - Gold's recent trading levels were around $4,800, with a slight cooling as market tensions eased [3] Group 2: U.S. Housing Market Dynamics - In December, there were 631,535 more home sellers than buyers, marking a 47% gap, the widest since Redfin began tracking in 2013 [7][8] - Despite the surplus of sellers, existing-home prices rose for the 30th consecutive month, reaching a median of $405,400 [8] - High mortgage rates above 6% have contributed to housing unaffordability, impacting buyer activity [8] Group 3: Airline Industry Performance - United Airlines reported a profit of $3.4 billion in 2025, but its cost per available seat mile (CASM) exceeded passenger revenue per available seat mile (PRASM) [37][38] - This trend indicates that major U.S. airlines may struggle to profit from passenger transport, relying instead on ancillary revenue sources [37] Group 4: Stock Market Reactions - Following President Trump's comments on Greenland, stocks experienced volatility, with the S&P 500 dropping 2.1% [34][35] - Some Wall Street strategists view this volatility as a buying opportunity, citing strong long-term trends in innovation and AI [10][34] - The energy sector outperformed others, with a 2.3% increase, led by companies like EQT and Texas Pacific Land Trust [22][23] Group 5: Netflix's Market Challenges - Netflix's stock fell nearly 5% after reporting earnings that narrowly exceeded estimates, raising concerns about its acquisition of Warner Bros. Discovery [19][20] - The stock has declined nearly 40% from its highs last summer, reflecting investor skepticism about its growth prospects [21] Group 6: Treasury Yield Trends - The yield on the 10-year U.S. Treasury note rose to 4.30%, its highest level in months, following geopolitical tensions related to Trump's Greenland acquisition proposal [42][43] - This increase in yields could impact mortgage rates and business investment decisions, raising concerns among investors [42]
Trump TACO trade roars as stocks recover half of yesterday’s loss after messages over ‘piece of ice’ from Davos
Fortune· 2026-01-22 00:25
Market Overview - The U.S. stock market rebounded after President Trump announced a potential deal regarding Greenland and the cancellation of threatened tariffs on several European countries [1][2] - The S&P 500 increased by 1.2%, recovering over half of its previous day's 2.1% drop, while the Dow Jones Industrial Average rose by 588 points (1.2%) and the Nasdaq composite also climbed by 1.2% [2][8] Treasury and Currency Movements - Treasury yields eased, indicating reduced investor concerns, with the 10-year Treasury yield dropping to 4.25% from 4.30% [3][9] - The U.S. dollar regained some value against other currencies after a decline the previous day [3] Company Performance - Halliburton's stock rose by 4.1% following a stronger-than-expected quarterly profit [6] - United Airlines shares increased by 2.2% after reporting better-than-expected profits and indicating strong revenue momentum into 2026 [6] - Netflix's stock fell by 2.2% despite reporting a stronger profit than anticipated, as investors were concerned about slowing subscriber growth and a lower profit forecast [7] - Kraft Heinz shares dropped by 5.7% after Berkshire Hathaway indicated it might sell its stake in the company [7][8] Market Sentiment and Historical Context - Trump's acknowledgment of the stock market's previous decline due to his Greenland ambitions suggests a pattern where his threats lead to market volatility, followed by a recovery through subsequent deals [4][5] - The "TACO" acronym reflects the market's expectation that Trump may backtrack on aggressive financial threats if they provoke strong market reactions [5]