Group 1 - General Mills, Inc. reported fiscal first-quarter 2026 results that exceeded Wall Street profit expectations while reaffirming its full-year guidance [1] - The company posted adjusted earnings of $0.86 per share, surpassing analysts' forecast of $0.81, despite a 7% decline in net sales to $4.5 billion [1] - Revenue was in line with expectations at $4.52 billion but fell 3% organically, impacted by unfavorable price realization and mix in the North America Retail segment [1] Group 2 - Adjusted operating profit decreased 18% in constant currency to $711 million, although results were slightly better than internal projections [2] - The divestiture of the U.S. yogurt business generated a $1.05 billion gain, boosting reported operating profit by 108% to $1.7 billion and diluted EPS by 116% to $2.22 [2] Group 3 - By division, North America Retail sales dropped 13%, while North America Pet sales grew 6%, aided by an 11-point benefit from the Whitebridge Pet Brands acquisition [3] - North America Foodservice sales declined 4%, and International sales rose 6% [3] - General Mills reaffirmed its fiscal 2026 outlook, projecting organic net sales growth between -1% and +1%, with adjusted operating profit and EPS both expected to decline 10% to 15% in constant currency [3]

Core Insights - General Mills reported an earnings per share (EPS) of $0.86, exceeding the estimated $0.81, with revenue of approximately $4.52 billion, slightly above estimates [1][2] Financial Performance - The company exceeded quarterly sales estimates due to increased demand following strategic price cuts on select products, maintaining annual forecasts [2] - General Mills has a price-to-earnings (P/E) ratio of approximately 11.89, a price-to-sales ratio of about 1.38, an enterprise value to sales ratio of around 2.15, and an enterprise value to operating cash flow ratio of approximately 14.33 [3] Financial Metrics - The earnings yield stands at 8.41%, indicating earnings relative to share price [4] - The debt-to-equity ratio is about 1.66, suggesting a higher level of debt compared to equity, while the current ratio is approximately 0.67, indicating the ability to cover short-term liabilities with short-term assets [4]

Economic Indicators - U.S. retail sales rose 0.6% month-over-month in August, exceeding expectations [4] - U.S. industrial production increased by 0.1%, beating forecasts for a decline [4] - The NAHB/Wells Fargo Housing Market Index remained steady at 32 [4] Market Performance - The Dow Jones index closed down 126 points or 0.27% at 45,757.90, while the S&P 500 fell 0.13% to 6,606.76 [5] - Nasdaq Composite declined 0.066% to 22,333.96, and Russell 2000 dropped 0.087% to 2,403.03 [6] Federal Reserve Insights - A 25-basis point interest rate cut is widely anticipated, with a 100% likelihood of a cut according to market projections [2][8] - The Federal Reserve's expected cut would be the first since December 2024, coinciding with stock market indexes near all-time highs [3][7] - Market sentiment indicates that bets on a larger 50-basis point cut have diminished to 2% [9] Company News - Dave & Buster's Entertainment Inc. reported weaker-than-expected results for its second quarter [4] - General Mills Inc. is expected to report earnings of 81 cents per share on revenue of $4.51 billion [16] - Manchester United PLC is anticipated to report an earnings loss of 6 cents per share on revenue of $225.80 million [16] - Cracker Barrel Old Country Store Inc. is expected to report earnings of 80 cents per share on revenue of $855.29 million [16] - New Fortress Energy Inc. surged 54.40% after announcing a long-term gas supply agreement with the Puerto Rican government [16] - Scisparc Ltd. jumped 154.35% following news of a court-granted stay in merger proceedings with AutoMax Motors Ltd. [16] - Nio Inc. advanced 3.85% after UBS upgraded its rating from Neutral to Buy [16] - Workday Inc. climbed 5.58% after announcing the acquisition of AI startup Sana for $1.1 billion [16] Commodity Market - Crude oil futures traded lower by 0.45% to around $64.23 per barrel [17] - Gold Spot fell 0.55% to approximately $3,669.70 per ounce [17]

Group 1 - General Mills Inc. is expected to report quarterly earnings of 81 cents per share on revenue of $4.51 billion [2] - Diversified Energy Company PLC announced a proposed secondary offering of 5,713,353 ordinary shares, leading to an 8.8% decline in its share price to $14.06 [2] - Manchester United PLC is anticipated to post a quarterly loss of 6 cents per share on revenue of $225.80 million, with shares slightly increasing by 0.1% to $16.42 [2] - New Fortress Energy Inc. has secured a long-term gas supply agreement with the Puerto Rican government, resulting in a 35% surge in its share price to $2.70 [2] - Cracker Barrel Old Country Store Inc. is projected to report quarterly earnings of 80 cents per share on revenue of $855.29 million [2]

Upgrades - Loop Capital upgraded Union Pacific (UNP) to Hold from Sell with a price target of $227, increased from $214, noting shares are down 5% year-to-date and valuation multiples are modestly above five-year lows [2] - BofA upgraded Prologis (PLD) to Buy from Neutral with a price target of $130, up from $118, citing improved lease conversion rates in Q3 compared to Q2 and positive demand-supply dynamics expected through 2026 [3] - Goldman Sachs upgraded Hershey (HSY) to Buy from Sell with a price target of $222, raised from $170, highlighting a compelling risk/reward scenario after multiple guidance reductions [4] - Arete upgraded Baidu (BIDU) to Buy from Sell with a price target of $143, emphasizing the potential of Baidu's Kunlun chip venture to offset challenges in its online advertising business [5] - Citizens JMP upgraded CoreWeave (CRWV) to Outperform from Market Perform with a price target of $180, projecting growth of its GPU-as-a-service business to an estimated $300 billion from $3 billion to $4 billion currently [4] Downgrades - TD Cowen downgraded Warner Bros. Discovery (WBD) to Hold from Buy with an unchanged price target of $14, expressing concerns about the stock's risk/reward after a recent rally [6] - Rothschild & Co Redburn downgraded Live Nation (LYV) to Neutral from Buy with a price target of $170, up from $144, indicating slower margin expansion and reduced earnings upside potential [6] - Stifel downgraded VF Corp. (VFC) to Hold from Buy with a price target of $16, increased from $15, stating that the stock's risk-reward is now balanced after a 12.5% one-month return [6] - JPMorgan downgraded Camp4 Therapeutics (CAMP) to Neutral from Overweight without a price target, noting early-stage challenges in its lead program despite a cash runway into 2027 [6] - JPMorgan downgraded Neumora Therapeutics (NMRA) to Underweight from Neutral without a price target, citing a failed Phase 3 trial for its treatment in major depressive disorder [6]

Core Points - Ingredion Incorporated will host its 2025 Investor Day on September 17, 2025, starting at 9 a.m. (ET) and concluding around Noon (ET) [1] - The event will feature presentations from the CEO, CFO, and other executive leadership team members, followed by a Q&A session [2] - A live webcast of the presentation will be available, and a replay will be archived on the company's website for one year [2] Company Overview - Ingredion Incorporated is a leading global ingredient solutions provider, serving customers in over 120 countries [3] - The company reported annual net sales of approximately $7.4 billion for 2024, transforming various plant-based materials into value-added ingredient solutions for multiple markets [3] - With over 11,000 employees and innovation centers worldwide, Ingredion focuses on co-creating with customers to enhance the quality of life through the integration of people, nature, and technology [3]

（原标题：月饼馅儿再出新花样，超8成相关企业成立超5年） 企查查数据显示，从国标行业分布来看，月饼相关企业多归属于制造业，占比达53.66%。其次为批发 和零售业，占比达34.62%。 3、成立超5年的相关企业占比超8成 企查查数据显示，从成立年限角度来看，月饼相关企业多为老牌企业，成立超5年的相关企业占比超8 成，其中成立10年以上的相关企业占比达44.23%，成立年限在5-10年的相关企业占比达41.46%。注册量 方面，2024年共注册394家月饼相关企业，截至目前，今年已注册310家相关企业。 1、国内月饼相关现存企业达1.76万家 企查查数据显示，截至9月15日，国内月饼相关现存企业达1.76万家，主要集中在华南地区、华东地 区，分别占比23.76%、20.03%。其次为华北地区、华中地区，分别占比17.19%、15.28%。 2、超五成相关企业归属于制造业 据央视网，中秋节临近，各地月饼生产、制作开始忙碌了起来。在山西省太原市，一些月饼生产工坊将 老手艺与新口味结合，推出让人眼前一亮的特色老醋月饼。在糖浆为主的馅料中加入老陈醋，这样烤出 来的月饼，既保留了空心月饼的口感，又增添了陈醋的风味，获得不 ...

This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. As millions of near-retirement age business owners plan their company’s future, experts say employee ownership plans could help retain and attract more workers for U.S. manufacturing. Common types of employee ownership schemes include employee stock ownership plans, employee ownership trusts and worker cooperatives.  The U.S. has more than 6,500 employee ...

Group 1 - General Mills, Inc is set to release its first-quarter earnings on September 17, with analysts expecting earnings of 82 cents per share, a decrease from $1.07 per share in the same period last year [1] - The company projects quarterly revenue of $4.52 billion, down from $4.85 billion generated in the previous year [1] - On September 2, General Mills reaffirmed its fiscal 2026 outlook [1] Group 2 - General Mills shares experienced a decline of 1.4%, closing at $49.92 on the previous Friday [1] Group 3 - Morgan Stanley analyst maintained an Underweight rating and reduced the price target from $51 to $49 [4] - Goldman Sachs downgraded the stock from Buy to Neutral, lowering the price target from $68 to $58 [4] - Mizuho maintained a Neutral rating and cut the price target from $62 to $60 [4] - JP Morgan maintained a Neutral rating and slashed the price target from $60 to $54 [4] - Jefferies maintained a Hold rating and raised the price target from $58 to $62 [4]

Group 1: Market Overview - Major stock indexes closed mixed on Friday but recorded solid weekly gains, with the Dow Jones Industrial Average rising nearly 1% for its first winning week in three weeks, and the S&P 500 and Nasdaq Composite achieving their best weekly performances since early August [2] - Treasury yields remained near recent lows, while gold prices reached new records as markets anticipated a potential Federal Reserve pivot [2] Group 2: Economic Indicators - Upcoming economic data includes a weekly update on jobless claims and fresh manufacturing data, which will provide insights into the strength of the economy [3] - Mortgage rates saw their largest weekly drop in a year, with the average 30-year fixed mortgage rate decreasing to 6.35% from 6.5% the previous week [3] Group 3: Earnings Reports - Earnings season is nearing its end, with key reports expected from FedEx, Lennar, General Mills, Darden, and Cracker Barrel, with FedEx's results being particularly significant as a proxy for global trade and the US economy [4] Group 4: Federal Reserve Decision - The Federal Reserve's interest rate decision and Chair Jerome Powell's press conference are anticipated to be the key economic events of the week, alongside the release of the quarterly "dot plot" indicating policymakers' interest rate projections [5] - In June, the Fed projected two rate cuts for 2025, but the committee showed division, with seven members opposing any cuts compared to four in March [6] Group 5: Tariffs and Inflation - Tariffs are contributing to inflation, with US customs duties reaching a record $29.5 billion in August due to new "reciprocal" levies implemented by President Trump [7]