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Premier Foods H1 Profit Rises; Headline Branded Revenue Up 1.9%
RTTNews· 2025-11-13 09:09
Premier Foods plc (PFD.L) reported that its first-half profit before tax increased to 63.4 million pounds from 53.5 million pounds, prior year. Earnings per share was 5.3 pence compared to 4.5 pence. Adjusted profit before tax increased to 62.4 million pounds from 61.0 million pounds. Adjusted earnings per share was 5.4 pence compared to 5.3 pence.For the 26 weeks ended 27 September 2025, revenue was 502.1 million pounds compared to 501.0 million pounds. Headline revenue increased to 502.5 million pounds f ...
ROSEN, A LONGSTANDING LAW FIRM, Encourages Hormel Foods Corporation Investors to Inquire About Securities Class Action Investigation - HRL
Newsfile· 2025-11-12 22:38
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 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 investors can join the prospective class action by visiting the provided link or contacting the law firm directly [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].
Sichuan Teway Food Group Co., Ltd.(H0138) - OC Announcement - Appointment (Revised)
2025-11-12 16:00
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Sichuan Teway Food Group Co., Ltd. 四川天味食品集團股份有限公司 (the "Company") (A joint stock company incorporated in the People's Republic of China with limit ...
Calavo Growers Announces Leadership Transition
Globenewswire· 2025-11-12 12:35
Core Points - Lee E. Cole will retire as President and CEO of Calavo Growers, effective December 8, 2025, after four decades of leadership [1] - B. John Lindeman, former CFO and current Board member, has been appointed as the new President and CEO [1][2] Leadership Transition - Kathleen Holmgren, Chair of the Board, expressed gratitude for Mr. Cole's contributions and leadership during his tenure [2] - Mr. Cole highlighted his pride in the company's achievements and confidence in Mr. Lindeman's leadership for future success [2] - Mr. Lindeman emphasized his commitment to driving growth and creating sustainable value for shareholders [2] Background of New CEO - Mr. Lindeman previously served as CEO of Hydrofarm Holdings Group and held various leadership roles in finance and investment banking [2][3] - He is a Chartered Financial Analyst and holds a Bachelor of Science in business administration [3] Strategic Review - Calavo Growers is currently evaluating strategic alternatives following a non-binding acquisition proposal received on June 11, 2025 [4] - The review process is ongoing and may or may not lead to a transaction [4] Company Overview - Calavo Growers, Inc. is a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole [5] - The company was founded in 1924 and has a strong culture of innovation and sustainable practices [5] - Calavo serves various markets including retail grocery, foodservice, and wholesalers worldwide [5]
Hormel Foods Corporation to Hold Fourth-Quarter Earnings Conference Call
Prnewswire· 2025-11-11 23:00
Core Viewpoint - Hormel Foods Corporation will discuss its fourth quarter and full-year financial results for fiscal 2025 and provide insights into its fiscal 2026 outlook during a conference call scheduled for December 4, 2025 [1]. Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with approximately $12 billion in annual revenue [3]. - The company is known for its diverse portfolio of brands, including PLANTERS, SKIPPY, SPAM, and HORMEL NATURAL CHOICE, among others [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].
How Tyson's Chicken Business Will Offset Beef Weakness
Benzinga· 2025-11-11 18:55
Core Viewpoint - Tyson Foods, Inc. reported a decline in operating cash flow and free cash flow for the fourth quarter and fiscal year 2025, but analysts remain optimistic about the company's diversified protein model and future sales growth [1][3]. Financial Performance - Operating cash flow for Tyson Foods was $2.16 billion, down $435 million from the previous year, while free cash flow decreased by $281 million to $1.18 billion [1]. - Prepared Foods Adjusted Operating Income (AOI) fell 7.8% year over year to $189 million, reversing a previous quarter's growth of 21% [4]. Analyst Insights - Goldman Sachs analyst Leah Jordan maintained a Buy rating on Tyson Foods, raising the price target from $63 to $65, citing confidence in the company's diversified protein model [2]. - The analyst expects fiscal 2026 sales to increase between 2% and 4%, projecting sales between $55.53 billion and $56.62 billion, exceeding analyst estimates of $54.73 billion [3]. Market Trends - Continued strong demand for chicken is anticipated to offset challenges in the beef segment, with operational execution showing improvement [3][4]. - The company is experiencing a mix shift toward value-added products and incremental efficiency improvements, while feed costs are expected to remain stable, supporting margins [4]. Earnings Estimates - Following the fourth-quarter results and fiscal year 2026 guidance, earnings per share estimates for fiscal years 2026 and 2027 were revised down to $3.85 and $4.47, respectively, due to a weaker beef outlook and higher interest expenses [6]. - A new earnings per share estimate of $5.53 for fiscal year 2028 was introduced [6].
TreeHouse Foods Q3 Earnings Miss Estimates, Sales Rise Y/Y
ZACKS· 2025-11-11 15:55
Core Insights - TreeHouse Foods, Inc. reported third-quarter 2025 results with both net sales and earnings missing the Zacks Consensus Estimate, leading to a withdrawal of all financial guidance following a definitive agreement for acquisition by Investindustrial for $2.9 billion [1][9] Financial Performance - Adjusted earnings were 43 cents per share, missing the consensus estimate of 53 cents and down from 74 cents per share in the same quarter last year [2][9] - Net sales reached $840.3 million, a slight increase of 0.1% year over year, driven by pricing actions and the acquisition of a private-brand tea business, but adjusted net sales decreased by 1.5% from the prior year, missing the consensus estimate of $852 million [3][9] Volume and Pricing Dynamics - Volume and mix had a negative impact of 8.6%, while pricing actions contributed positively by 6.5%. The exit from the ready-to-drink business resulted in a 0.7% decline, and unfavorable foreign currency effects reduced net sales by 0.1% [4] Margin and Cost Analysis - Gross profit margin improved by 3.2 percentage points to 18.8%, aided by $17.5 million in insurance recoveries from product recalls and cost-saving initiatives, although this was partially offset by unfavorable fixed-cost absorption [5] - Total operating expenses surged to $412 million, primarily due to a non-cash goodwill impairment loss of $289.7 million and increased costs related to the Harris Tea acquisition [6] EBITDA and Cash Flow - Adjusted EBITDA decreased to $91.6 million from $102.5 million in the same period last year, impacted by unfavorable volume and mix trends, though partially offset by supply-chain savings and contributions from the Harris Tea acquisition [7] - The company ended the quarter with cash and cash equivalents of $21 million, long-term debt of $1,486.1 million, and total shareholders' equity of $1,262.5 million, with net cash used in operating activities amounting to $62.5 million for the nine months ended September 30, 2025 [8]
Asian shares mostly lower despite Wall St rally, potential end to the US shutdown
ABC News· 2025-11-11 07:02
Market Overview - Asian shares are mostly lower as the recent rebound driven by technology shares loses momentum [1] - U.S. futures showed little change and oil prices declined [2] Technology Sector - Criticism has arisen regarding the high valuations of tech shares, drawing parallels to the 2000 dot-com bubble [2][5] - Nvidia significantly contributed to market gains, rising 5.8% after a previous drop [5] Currency Movements - The U.S. dollar increased to 154.15 against the Japanese yen, influenced by expectations of delayed debt trimming and increased spending in Japan [3] - The euro slightly rose to $1.1563 [3] Regional Market Performance - The Nikkei 225 index in Tokyo fell by 0.5% to 50,675.92 [2] - Hong Kong's Hang Seng index decreased by 0.2% to 26,595.97, while the Shanghai Composite index dropped 0.4% to 4,002.06 [3] - South Korea's Kospi index initially rose over 1% but closed up 0.4% at 4,087.56 [4] - Australia's S&P/ASX 200 fell by 0.2% to 8,818.80 [4] U.S. Market Performance - The S&P 500 increased by 1.5% to 6,832.43, and the Dow Jones Industrial Average rose by 0.8% to 47,368.63 [4] - The Nasdaq composite rallied by 2.3% to 23,527.17 [5] Company Earnings - Approximately 80% of S&P 500 companies that reported results exceeded analysts' profit expectations [8] - Companies are under pressure to deliver strong profits to justify their stock price increases since April [9] Specific Company Updates - Berkshire Hathaway's shares slipped 0.4% as CEO Warren Buffett indicated that many companies may outperform due to Berkshire's size [7] - Tyson Foods' shares rose by 2.3% after reporting stronger-than-expected profits for the latest quarter [7]
Tyson Foods Shares Edge Higher After Q4 Beat and Upbeat 2026 Guidance
Financial Modeling Prep· 2025-11-10 22:28
Core Insights - Tyson Foods Inc. reported fourth-quarter earnings that exceeded expectations, driven by sales growth, margin expansion, and stronger operating income [1] - The company’s shares rose nearly 2% in intra-day trading following the earnings report [1] Financial Performance - Adjusted earnings per share were $1.15, surpassing analyst estimates of $0.87 [1] - Revenue increased by 2.2% year over year to $13.86 billion, slightly below the consensus estimate of $14.13 billion [1] - Adjusted operating income rose 19% to $608 million, with the adjusted operating margin improving to 4.3% from 3.8% a year earlier [2] Segment Performance - The Chicken division led growth with an operating margin of 10.1%, while the multi-protein portfolio delivered mixed results [2] - For fiscal 2026, the Chicken segment is projected to generate adjusted operating income between $1.25 billion and $1.5 billion [3] - The Beef segment is expected to incur an adjusted operating loss of $400 million to $600 million due to challenging market conditions [3] Future Projections - Tyson Foods projected total adjusted operating income for fiscal 2026 to be between $2.1 billion and $2.3 billion, with sales expected to rise by 2% to 4% from fiscal 2025 levels [2] - The company announced a 2% increase in its annual dividend [2]
ATTENTION Beyond Meat, Inc. (BYND) Investors: Possible Fraud - Contact Levi & Korsinsky Today
Newsfile· 2025-11-10 21:56
Core Points - Levi & Korsinsky has initiated an investigation into Beyond Meat, Inc. for potential violations of federal securities laws [1] - Beyond Meat announced an expected non-cash impairment charge for the three months ending September 27, 2025, related to certain long-lived assets, which is anticipated to be material [1] - Following the announcement, Beyond Meat's stock price dropped over 23% on October 24, 2025 [1] Company Overview - Beyond Meat, Inc. is facing scrutiny due to its recent financial disclosures and the subsequent impact on its stock performance [1] - The investigation by Levi & Korsinsky highlights the firm's focus on protecting shareholder interests in cases of potential securities law violations [2]