Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Hormel Foods Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Class Action - Shareholders who purchased Hormel securities may be entitled to compensation through a contingency fee arrangement, with no out-of-pocket costs [2]. - Rosen Law Firm is preparing a class action to seek recovery of investor losses [2]. Group 2: Recent Developments - On October 29, 2025, The Wall Street Journal reported that Hormel cut its earnings forecast due to price pressures, bird flu, and a fire at its Arkansas peanut butter production facility, leading to a 9.1% drop in stock price [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked highly for settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4].

Core Insights - The Bonduelle Group reported sales of 519.8 million euros for Quarter 1 of FY 2025-2026, reflecting a decline of -0.5% on a like-for-like basis and -2.1% on reported figures compared to the same period last fiscal year [3][5][10] - The company continues to demonstrate resilience in a challenging economic environment, aligning with its current operating income objectives announced previously [4][13] Sales Performance - Total consolidated sales for Quarter 1 FY 2025-2026 were 519.8 million euros, down from 530.8 million euros in the same quarter of the previous year, marking a -2.1% decrease [5][7] - Sales in the Europe Zone, which constitutes 62.6% of total business activity, decreased by -1.9% on reported figures and -2.0% on a like-for-like basis due to weak consumer trends and unfavorable weather conditions [8] - The Non-Europe Zone, representing 37.4% of business activity, experienced a growth of +1.9% on a like-for-like basis but reported a decline of -2.3% [10] Segment Analysis - Canned products saw a sales increase of 1.7% to 244.6 million euros, while frozen products grew by 0.4% to 68.3 million euros [7] - Fresh processed products experienced a significant decline of -6.9%, with sales dropping to 206.9 million euros [7] Future Outlook - The company anticipates that innovations launched across various product segments will enhance commercial activity in the upcoming quarters [9] - Despite the current challenges in the consumer environment, Bonduelle reaffirms its objective for current operating income for FY 2025-2026 [13]

Core Insights - Ingredion Incorporated reported a decline in both net sales and adjusted earnings per share (EPS) for Q3 2025 compared to Q3 2024, with reported EPS at $2.61 and adjusted EPS at $2.75, down from $2.83 and $3.05 respectively [2][4][22] Financial Performance - Net sales for Q3 2025 were $1.816 billion, a decrease of 3% from $1.870 billion in Q3 2024, primarily due to changes in pricing mix and reduced sales volume in the Food & Industrial Ingredients segments [6][40] - Reported operating income for Q3 2025 was $249 million, down 7% from $268 million in Q3 2024, while adjusted operating income was $254 million, a 10% decrease from $282 million [9][40] - The company expects full-year 2025 reported EPS to be in the range of $11.11 to $11.31, and adjusted EPS to be between $11.10 and $11.30 [4][22] Segment Performance - The Texture & Healthful Solutions segment saw a slight increase in net sales to $605 million, up 1% from $600 million in Q3 2024, driven by strong growth in clean label ingredient solutions [10][40] - The Food & Industrial Ingredients segment in Latin America reported net sales of $585 million, a decline of 6% from $620 million in Q3 2024, attributed to weak demand in the brewing industry and overall consumer demand [13][40] - The U.S./Canada Food & Industrial Ingredients segment experienced a 7% decrease in net sales to $507 million, down from $548 million in Q3 2024, primarily due to production challenges following a fire at a major manufacturing facility [15][40] Strategic Outlook - The company plans to continue investing in organic growth opportunities and acquisitions to enhance its Texture & Healthful Solutions portfolio [4][21] - Ingredion aims to return capital to shareholders through dividends and share repurchases, having paid $54 million in dividends in Q3 2025 [21][23] - The company anticipates low to mid-single-digit growth in both reported and adjusted operating income for the full year 2025 [22][24]

Company Performance - Beyond Meat has been one of the worst performing stocks in the market over the past five years, with shares losing more than 99% during this period [1] Market Context - The substantial decline in Beyond Meat's stock price indicates significant challenges faced by the plant-based meat company in maintaining investor confidence and market position [1]

Core Insights - Companies with a strong history of dividend payments and increases are attractive to income-focused investors, with Exxon Mobil, Getty Realty, and Tyson Foods being notable examples [1] Exxon Mobil - Exxon Mobil Corp. has increased its dividends for 43 consecutive years, with the latest quarterly payout raised from $0.99 to $1.03 per share, resulting in an annual figure of $4.12 per share [3] - The current dividend yield for Exxon Mobil is 3.60% [3] - As of June 30, Exxon Mobil's annual revenue was $329.38 billion, and for Q3 2025, it reported revenues of $85.29 billion and EPS of $1.88, both exceeding expectations [3] Getty Realty - Getty Realty Corp. has raised its dividends for 12 consecutive years, with the most recent increase from $0.47 to $0.485 per share, equating to an annual figure of $1.94 per share [5] - The current dividend yield for Getty Realty is 7.07% [5] - As of September 30, Getty Realty's annual revenue was $214.19 million, and for Q3 2025, it reported revenues of $55.59 million and EPS of $0.62, both above consensus estimates [6] Tyson Foods - Tyson Foods has increased its dividends for 12 consecutive years, with the latest quarterly payout raised from $0.49 to $0.50 per share, resulting in an annual figure of $2 per share [8] - The current dividend yield for Tyson Foods is 3.89% [8]

Financial Data and Key Metrics Changes - Q3 2025 net sales were $439.3 million, a decrease of 4.7% compared to $461.1 million in Q3 2024. Base business net sales, excluding divestitures, were down 2.7% [6][16] - Adjusted EBITDA for Q3 2025 was $70.4 million, flat year-over-year, representing 16% of net sales [16][25] - Adjusted net income increased to $11.7 million, or $0.15 per adjusted diluted share, compared to $10.1 million or $0.13 per share in Q3 2024 [27] Business Line Data and Key Metrics Changes - The frozen and vegetables business unit saw a decline in net sales of 6.7% but an increase in adjusted EBITDA of $3 million due to favorable crop pack costs and productivity improvements [20] - The spices and seasonings business unit grew net sales by 2.1%, benefiting from fresh food and protein growth, although adjusted EBITDA was impacted by tariffs [7][18] - The meals business unit experienced a 1.4% decline in net sales, but adjusted EBITDA increased by approximately $0.6 million [19] Market Data and Key Metrics Changes - The divestiture of Don Pepino and Sclafani brands removed approximately $10.3 million of net sales and $3.2 million in adjusted EBITDA from Q3 [8][14] - The company expects the fourth quarter to show continued improvement, with net sales projected to be down approximately 2%-3% excluding the impact of the 53rd week [10][32] Company Strategy and Development Direction - B&G Foods is focused on reshaping its portfolio through divestitures to create a more focused and efficient company, aiming for adjusted EBITDA as a percentage of net sales to approach 20% [9][30] - The company plans to reduce its consolidated leverage ratio to six times within the next nine months through divestiture proceeds and improved cash flow generation [12][34] - Future growth is expected to come from a simplified portfolio and strategic acquisitions, with a long-term goal of achieving a leverage ratio between 4.5 and 5.5 [35][84] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging consumer environment impacting sales, but expressed optimism for stabilization in base business trends towards a long-term growth objective of 1% [12][35] - The company is closely monitoring inflation and input costs, with expectations of modest inflation in 2025 [22][106] - Management highlighted the importance of cost-saving initiatives and pricing strategies to offset tariff impacts and maintain profitability [10][33] Other Important Information - The consolidated leverage ratio was reported at 6.88 times, with expectations to reduce it to six times by mid-2026 [11][29] - The company has executed targeted pricing to recover incremental tariffs, which will take effect for most customers starting in November [11][18] Q&A Session Summary Question: What caused the shift in sales guidance for Q4? - Management narrowed the sales guidance range to reflect the impact of divestitures and consistent base business net sales trends observed in Q3 [39] Question: How is the pricing affecting volume elasticity in the spices segment? - Management noted that pricing changes were implemented recently, and while some elasticity is expected, it is projected to be minimal [43][46] Question: What are the trends in the food service and private label business? - The food service business has shown stable trends with modest growth, while the private label business has experienced mid-single-digit growth [56][58] Question: How does the divestiture of Green Giant impact leverage targets? - The divestiture is expected to contribute to a full turn of deleveraging, with stabilization of EBITDA and improved working capital management also playing a role [65] Question: Have there been any early signs of SNAP cutbacks impacting grocery sales? - Management indicated it is too early to determine the impact, but a temporary effect is expected if the situation persists [67][68] Question: What is the outlook for input cost inflation into 2026? - Management anticipates modest input cost inflation, with strategies in place to recover costs through pricing adjustments [106]

Core Insights - Seneca Foods Corporation reported a strong performance in the second quarter and six months ended September 27, 2025, with unit volumes and net sales increasing by 10.2% and 8.1% respectively, attributed to a better harvest and normalized costs [3][8] Financial Performance - Net sales for the six months reached $757.5 million, up from $730.2 million in the previous year, reflecting a year-over-year increase of $27.3 million driven by higher sales volumes and product mix [8] - For the second quarter, net sales totaled $460.0 million, compared to $425.5 million in the same quarter last year, marking a $34.5 million increase [9] - Gross margin as a percentage of net sales improved to 13.7% for the six months ended September 27, 2025, compared to 11.7% for the same period last year [8] - The gross margin for the second quarter was 13.4%, up from 10.1% in the prior year [9] Earnings and Adjustments - Net earnings for the second quarter were reported at $29.7 million, significantly higher than $13.3 million in the same quarter last year [11] - Adjusted net earnings for the six months were $30.0 million, compared to $35.1 million in the previous year [11][17] - The company reported earnings before income taxes of $38.7 million for the second quarter, up from $17.1 million in the prior year [11] Market Position - Seneca Foods is a leading provider of packaged fruits and vegetables in North America, sourcing products from over 1,100 American farms and distributing to approximately 55 countries [5] - The company holds a significant market share in various segments, including retail private label and food service [5]

Core Insights - Flowers Foods, Inc. is expected to report a revenue increase of 3.6% year-over-year, with third-quarter 2025 revenues estimated at $1.23 billion [1][9] - The earnings consensus estimate remains stable at 23 cents per share, reflecting a significant decline of 30.3% compared to the previous year [2][9] - The company has shown a trailing four-quarter earnings surprise of 2.6% on average [2] Revenue and Earnings Outlook - The Zacks Consensus Estimate for Flowers Foods' revenues is $1.23 billion, indicating a 3.6% increase from the same quarter last year [1][9] - Earnings per share are projected at 23 cents, down 30.3% from the prior-year quarter [2][9] Growth Drivers - Flowers Foods continues to benefit from its branded retail portfolio, with products like Dave's Killer Bread and Canyon Bakehouse outperforming the broader category [3] - The company is gaining shelf space and expanding innovation, which is expected to sustain top-line momentum [3][4] - A shift towards better-for-you, premium, and value-oriented bakery segments is being implemented, addressing consumer preferences [4] Challenges - The company faces volume pressure in traditional loaf bread due to changing consumer preferences and the availability of lower-priced alternatives [5] - Competitive intensity in value-tier segments is limiting the impact of innovation and brand investments [5] - A projected 1.4% dip in overall volumes is expected for the third quarter [5] Earnings Prediction Model - The current model does not predict an earnings beat for Flowers Foods, with an Earnings ESP of +0.96% and a Zacks Rank of 4 (Sell) [6]

Core Insights - The Portnoy Law Firm has initiated an investigation into possible securities fraud involving Beyond Meat, Inc. and may file a class action on behalf of investors [1][2] - Beyond Meat is undergoing scrutiny regarding the valuation of certain long-lived assets, which may have been inflated [3] Company Overview - Beyond Meat specializes in plant-based meat alternatives and recently conducted a global operations review [3] - The company recorded certain long-lived assets in its balance sheet at the lower of their carrying value or fair value less costs to sell, claiming no impairments [3] Recent Developments - On October 24, 2025, Beyond Meat announced an expected non-cash impairment charge for the three months ended September 27, 2025, related to certain long-lived assets, which is anticipated to be material [3] - Following this announcement, Beyond Meat's stock price fell approximately 23%, from $2.84 per share on October 23, 2025, to $2.185 per share on October 24, 2025 [3] - On November 3, 2025, the company delayed its earnings announcement for Q3 2025 due to the need for additional time to complete the impairment review, leading to a significant decline in stock price during trading on that day [3]

Core Insights - Yacktman Asset Management sold 135,400 shares of Ingredion, valued at approximately $17.45 million, reducing its stake in the company [2][3] Company Overview - Ingredion is a leading global ingredient solutions provider with a diversified product portfolio and broad geographic reach [5] - The company generates revenue by processing corn and other starch-based materials into ingredients for various applications, including food, beverage, brewing, and industrial uses [8] Financial Performance - Ingredion reported a total revenue of $7.32 billion and a net income of $676 million for the trailing twelve months (TTM) [4] - The company has a dividend yield of 2.98% and has increased its dividend payments by 5% annually over the last decade [10] Stock Performance - As of November 3, 2025, Ingredion's stock price was $114.13, reflecting a 14.85% decline over the past year, underperforming the S&P 500 by 32 percentage points [3] - The stock trades at 10 times earnings, indicating low market expectations [11] Investment Position - Following the sale, Ingredion now represents 2.42% of Yacktman Asset Management's assets under management (AUM), down from 2.9% [3][9] - Despite the reduction, Ingredion remains the 13th-largest holding in Yacktman's portfolio [9]