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Campbell Soup executive allegedly calls company products 'sh-- for poor people' in secret recording
Fox Business· 2025-11-25 07:16
Accusations are making their rounds after a Campbell Soup Company executive allegedly made disparaging comments regarding the company’s customers and employees. The executive was secretly recorded during a meeting, according to a lawsuit filed in Michigan’s Wayne County Circuit Court.The suit, filed by Robert Garza, a former cybersecurity analyst for Campbell Soup, accuses Martin Bally, the company’s vice president and chief information security officer, of making the offensive comments during a meeting in ...
Hormel Foods Corporation Announces 60th Consecutive Increase to the Annual Dividend
Prnewswire· 2025-11-25 02:00
Core Points - Hormel Foods Corporation announced a 1 percent increase in its quarterly dividend, raising the annualized rate to $1.17 per share, marking the 60th consecutive annual dividend increase [1] - The authorized quarterly dividend is set at 29.25 cents ($0.2925) per share, to be paid on February 17, 2026, to stockholders of record as of January 12, 2026, representing the 390th consecutive quarterly dividend [2] - Hormel Foods has maintained uninterrupted quarterly dividend payments since becoming a public company in 1928 [2] Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue [3] - The company’s brand portfolio includes well-known names such as Planters, Skippy, SPAM, and Jennie-O, among others, totaling over 30 brands [3] - Hormel Foods is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, recognized for its corporate responsibility and community service efforts [3]
Best Value Stocks to Buy for Nov. 24
ZACKS· 2025-11-24 10:56
Core Insights - Three stocks are highlighted with a buy rank and strong value characteristics for investors to consider on November 24 Group 1: John B. Sanfilippo & Son, Inc. (JBSS) - The company operates in the tree nuts and peanuts sector and holds a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 7.8% over the last 60 days [1] - The price-to-earnings ratio (P/E) is 11.84, significantly lower than the industry average of 29.50 [1] - The company has a Value Score of A [1] Group 2: Grupo Cibest S.A. (CIB) - This company provides banking services and products and also holds a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 8.7% over the last 60 days [2] - The price-to-earnings ratio (P/E) is 7.81, compared to 24.24 for the S&P 500 [2] - The company has a Value Score of B [2] Group 3: Pediatrix Medical Group, Inc. (MD) - The company specializes in newborn care, maternal-fetal medicine, and pediatric subspecialty services, holding a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 15.7% over the last 60 days [3] - The price-to-earnings ratio (P/E) is 11.19, lower than the S&P 500 average of 24.24 [3] - The company has a Value Score of B [3]
Organto Foods Arranges New Financing and Foreign Exchange Facilities with Rabobank
Accessnewswire· 2025-11-24 08:45
Core Insights - Organto Foods Inc. has announced a partnership with Rabobank to provide integrated financial and foreign exchange solutions for its European operations [1] Company Overview - Organto Foods Inc. is an integrated provider of branded, organic, and value-added organic and fairtrade fruit and vegetable products [1] Partnership Details - The collaboration with Rabobank is aimed at enhancing the financial and foreign exchange capabilities of Organto's European food operations [1]
Campbell’s employee fights termination after exposing VP’s 'disgusting' rant about co-workers and food at New Jersey headquarters
The Economic Times· 2025-11-24 08:27
Core Viewpoint - A Campbell's employee, Robert Garza, is suing the company for wrongful termination after he reported a vice president's racist and disparaging remarks about coworkers and customers during a compensation meeting [1][8]. Group 1: Incident Details - Garza attended a routine salary discussion with VP Martin Bally, which escalated into an hour-long tirade filled with derogatory comments about Campbell's products and employees [1][5]. - Bally allegedly made racist remarks about Indian coworkers, calling them 'idiots' and claiming they 'couldn't think for their f-ing selves' [5][1]. - The meeting left Garza feeling ill, prompting him to document the incident [1][6]. Group 2: Legal Action and Termination - After initially keeping the recording private, Garza reported Bally's behavior to his supervisor in January 2025, feeling compelled to act against the racist remarks [6][1]. - Garza was unexpectedly fired just 20 days after reporting the incident, despite having received praise for his work performance in a previous meeting [7][1]. - His attorney noted that Garza had never faced any disciplinary actions during his employment, making the termination feel sudden and unjust [9][7]. Group 3: Company Response - Following the termination, Garza received no follow-up from Human Resources or any explanation regarding the decision, leading to further concerns about the company's internal processes [9][8].
需求58万吨,年轻人爱上“战备物资”,有巨头年销800亿
3 6 Ke· 2025-11-24 01:17
Core Insights - The Chinese luncheon meat market is projected to exceed 50 billion yuan by 2026, driven by changing consumer preferences and the rise of domestic brands [1] - Domestic brands are innovating to overcome the negative perceptions of luncheon meat as unhealthy, focusing on health trends and product quality [6][10] Market Overview - The Chinese luncheon meat industry began in 1957, with initial products primarily serving military and export purposes [6] - The market has evolved from being seen as a strategic food resource to a common emergency food, with various brands emerging in the 1980s [6] Consumer Trends - Chinese consumers have historically viewed canned foods, including luncheon meat, with skepticism, associating them with high calories and low nutritional value [1][6] - Recent trends show a shift towards healthier options, with brands reducing salt and fat content while increasing meat content to meet consumer demands [10][12] Brand Innovations - Brands are adopting three main strategies to differentiate themselves: 1. Enhancing product quality by increasing meat content and reducing salt [8][10] 2. Developing new flavors and types, such as beef and fish luncheon meat, to cater to diverse consumer tastes [11] 3. Introducing new product forms like low-temperature luncheon meat, which offers a fresher taste but requires refrigeration [12] Competitive Landscape - The market features a mix of established brands like Zhongliang Meilin and newer entrants like "Zhu Zhangmen," which focus on appealing to younger consumers through innovative marketing and packaging [15] - The influence of international brands like SPAM remains strong, with SPAM's parent company reporting significant sales in China, indicating robust demand for luncheon meat [13] Market Potential - Despite the growth potential, luncheon meat accounts for only 0.57% of total meat consumption in China, compared to 8.7% to 9.6% in the U.S. in 2016, highlighting significant room for market expansion [15]
1 Reason to Think Twice Before Buying Beyond Meat (BYND) Stock This Week -- or Any Week
Yahoo Finance· 2025-11-22 21:55
Core Insights - Beyond Meat has experienced a significant decline in stock value, with investors losing 98% of their investment since its market debut in 2019 as of November 18 [1] - The current price-to-sales ratio of 0.25 is well below its five-year average of 1.5, indicating a potential "value trap" for investors [2] - Recent quarterly earnings show a 13% year-over-year revenue decline and a nearly 18% drop in gross profit, with a net loss of $111 million compared to a loss of $27 million the previous year [3] Company Performance - CEO Ethan Brown mentioned efforts to achieve sustainable operations through cost reductions and strategic growth initiatives, raising concerns about the potential impact on future growth [4] - Despite a 51% increase in share price over the past month, this may be attributed to speculative trading rather than long-term investment interest, suggesting a possible "dead cat bounce" [5] - With shares trading below $1, Beyond Meat is categorized as a penny stock, which is often associated with high risk and potential failure [5] Investment Considerations - Analysts from The Motley Fool Stock Advisor have identified ten stocks they believe are better investment opportunities than Beyond Meat, indicating skepticism about its future performance [6] - The company has lost significant investor capital and is currently viewed as a risky investment option [7]
Campbell's employee claims he was fired for calling out VP's 'disgusting' rant about co-workers, food. Now he's fighting
Yahoo Finance· 2025-11-22 20:35
Core Viewpoint - The lawsuit against Campbell Soup Company highlights allegations of a racially hostile work environment and retaliation against an employee, Robert Garza, for reporting inappropriate behavior by a senior executive, Martin Bally [8][9]. Group 1: Allegations Against the Company - Bally allegedly made derogatory comments about Indian employees, calling them "idiots" and expressing disdain for the company's customers [2][4]. - The recording of Bally's comments lasted over an hour and included disparaging remarks about the company's products and the people who buy them [2][4]. - Garza reported Bally's behavior to his supervisor, emphasizing the inappropriateness of the comments made about coworkers and customers [5][6]. Group 2: Employee Retaliation - Garza claims he was fired in retaliation for reporting Bally's behavior, despite having received praise for his work performance during the same meeting [6][9]. - The termination occurred just 20 days after Garza reported the misconduct, and he received no explanation or follow-up from Human Resources [6][8]. - Garza's attorney stated that he had never faced any disciplinary action prior to his termination, raising concerns about the legitimacy of the firing [6][5]. Group 3: Company Response - Campbell Soup Company acknowledged the unacceptable nature of the comments if accurate and stated they are investigating the matter [9]. - Garza expressed frustration with the company's public image of treating employees like family, contrasting it with his personal experience [9].
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Hormel Foods Corporation Investors to Inquire About Securities Class Action Investigation - HRL
Newsfile· 2025-11-22 16:08
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 Details - The investigation is prompted by a Wall Street Journal article published on October 29, 2025, which reported that Hormel Foods cut its earnings forecast due to price pressures, bird flu, and a fire at its Arkansas peanut butter production facility [3]. - Following the news, Hormel Foods' stock experienced a significant decline of 9.1% on the same day [3]. Group 2: Class Action Information - Shareholders who purchased Hormel securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees or costs due to a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [2]. 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 consistently ranking among the top firms for securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [4].
Marfrig Global Foods Will Need Packaged Food Growth To Offset Commodity Pressures
Seeking Alpha· 2025-11-22 04:52
Core Insights - Cyclicality is inherent in commodity businesses, and Marfrig Global Foods has significant experience navigating the fluctuations of global protein cycles [1] Company Overview - Marfrig Global Foods is involved in the U.S. beef business, which is expected to experience changes due to the cyclical nature of the industry [1]