Hormel Foods is cutting 250 corporate and sales jobs as part of a restructuring, the food company that owns brands including Planters, Skippy and Spam said Tuesday https://t.co/jn18mzgMkv ...

Financial Performance - Q3 2025 - Net sales decreased by 3% from $1.87 billion in Q3 2024 to $1.816 billion in Q3 2025[16, 34] - Adjusted operating income decreased by 10% from $282 million in Q3 2024 to $254 million in Q3 2025[17, 34] - Adjusted diluted EPS decreased from $3.05 in Q3 2024 to $2.75 in Q3 2025, a decrease of $0.30 per share[34] Financial Performance - Year-to-Date (YTD) 2025 - Net sales decreased by 3% from $5.63 billion in YTD 2024 to $5.462 billion in YTD 2025[15, 45] - Adjusted operating income increased by 4% from $768 million in YTD 2024 to $800 million in YTD 2025[17, 45] - Adjusted diluted EPS increased from $8.02 in YTD 2024 to $8.60 in YTD 2025, an increase of $0.58 per share[45] Segment Performance - Q3 2025 - Texture & Healthful Solutions net sales increased by 1%[37, 39] - Food & Industrial Ingredients—LATAM net sales decreased by 6%[37, 41] - Food & Industrial Ingredients—U.S./CAN net sales decreased by 7%[37, 43] Full Year 2025 Outlook - Net sales are expected to be flat to down low single-digits[49] - Adjusted EPS is expected to be between $11.10 and $11.30[49] - Cash from operations is expected to be between $800 million and $900 million[49]

Company Overview - A food empire built on dessert topping [1] Billionaires - Meet the billionaires behind the food empire [1]

Updated 3:08 p.m. EST on Nov. 4 LONDON — Fashion and food may not make such a good couple after all, according to Primark’s owner Associated British Foods, which is considering separating the businesses to unlock long-term value for shareholders. More from WWD As part of its annual results statement on Tuesday, ABF revealed that the board is working with Rothschild & Co. on a “review of the group structure, with a view to maximizing long-term value.” It said that while no decision has been made, the outc ...

Core Insights - Beyond Meat has gained significant attention as a meme stock, reflecting its volatile market performance and popularity among retail investors [1] Company Overview - Beyond Meat's real estate holdings are described as relatively humble, indicating a focus on core business operations rather than extensive property investments [1] Market Performance - The company has experienced a wild ride in the stock market, characterized by fluctuations that are typical of meme stocks [1]

Core Viewpoint - Associated British Foods (ABF) experienced a slight decline in share price due to disappointing full-year results, despite discussions of a potential split of its Primark and food businesses [1][10]. Financial Performance - ABF's group revenues fell by 3% to £19.5 billion for the year ending 13 September, with a 1% decline in sales at constant currencies [1]. - Adjusted operating profit decreased by 13% to £1.7 billion, with a similar 12% drop at stable exchange rates [2]. - Adjusted earnings per share (EPS) fell by 11% to 174.9p [2]. Primark Performance - Primark's sales remained unchanged at £9.5 billion at actual currencies, but increased by 1% at constant currencies [3]. - The fashion unit's adjusted operating profit rose by 2% to £1.1 billion, with operating profit margins improving by 20 basis points to 11.9% [3]. - In the UK and Ireland, Primark's sales dropped by 1% for fiscal 2026, with a 4% decline in the first half attributed to weak market conditions [4]. - Sales rebounded by 1% in the second half of the year as market conditions improved [4]. Regional Performance - Retail sales in Mainland Europe increased by 2% during financial 2026, while US turnover surged by 20% due to ongoing store expansion [5]. Strategic Review - ABF is considering separating Primark from its other businesses to maximize long-term value, with Rothschild & Co engaged for the review [5]. - The review is being conducted in consultation with Wittington Investments, ABF's largest shareholder [5]. Future Outlook - CEO George Weston indicated that the company navigated a challenging environment but saw robust results in most businesses [8]. - There is confidence in the group outlook for 2026, although it is contingent on the unpredictable consumer environment [9]. - ABF anticipates an increase in adjusted operating profit and adjusted EPS for the upcoming year [9].

Core Viewpoint - Beyond Meat is delaying the release of its third-quarter earnings report due to the need for additional time to finalize an impairment assessment related to certain long-lived assets [1] Company Summary - The delay in the earnings report indicates potential issues with asset valuation, which may impact investor confidence and market perception of the company [1] - The decision to conduct an impairment assessment suggests that Beyond Meat is taking a cautious approach to its financial reporting, which could reflect underlying challenges in its operations or market conditions [1] Industry Summary - The plant-based meat industry is facing scrutiny regarding asset valuations and financial performance, as companies navigate market dynamics and consumer preferences [1] - Delays in earnings reports within the industry may signal broader challenges that could affect investor sentiment and market stability [1]

Core Insights - The article discusses the potential of consumer defensive stocks, highlighting those with more than 50% upside potential in the current market environment [5][10]. Group 1: Market Analysis - Michel Lerner from UBS emphasizes the importance of focusing on quality defensive stocks rather than solely on value stocks, which may carry higher risks in uncertain economic conditions [2][3]. - Defensive stocks, particularly in Europe, have underperformed, resembling trends seen during the dot-com bubble, but are now presenting more attractive valuations [3][4]. - Earnings pressures for some defensive stocks are beginning to ease, providing a hedge in a risk-on market environment [4]. Group 2: Stock Recommendations - JBS N.V. (NYSE:JBS) has an analyst upside of 51.40% with a price target set at $20 by Bank of America Securities, despite recent adjustments to EBITDA and EPS forecasts due to challenges in the US chicken market [10][11][12]. - BioHarvest Sciences Inc. (NASDAQ:BHST) shows an analyst upside of 51.52% and has entered a strategic agreement with Saffron Tech to develop saffron-derived compounds, aiming for large-scale production and direct-to-consumer marketing [13][15][16].

Financial Performance - Hershey's stock experienced a significant drop, declining from $196 to $169 within three weeks [2] - Hershey's Q3 net sales reached $318 billion, a 65% year-over-year increase, surpassing Wall Street's expectation of $312 billion [7] - Organic sales grew by 62%, primarily driven by price increases, exceeding analysts' expectations of 36% [8] - Adjusted gross margin decreased by 85 basis points year-over-year to 318%, attributed to higher commodity and tariff costs [8] - Q3 earnings per share were $130, down 44% year-over-year, but above Wall Street's anticipated $107 [9] Market Dynamics and Challenges - Hershey has faced challenges in the past two and a half years, partly due to the impact of GOP-1 weight loss drugs on the packaged food industry [3] - The company has also struggled with high cocoa prices, although the situation has improved in the last 10 months [4] - Halloween season sales started slower than expected due to warmer weather and concentrated seasonal purchases [11][12] Strategic Initiatives and Outlook - Hershey appointed Kirk Tanner as the new CEO in mid-August, who previously worked at Wendy's and PepsiCo [5] - Management raised the lower end of their full-year earnings guidance by 9 cents, projecting $590 to $6 per share [10] - The company emphasizes a long-term strategy, focusing on future performance rather than short-term gains [13] - Piper Sandler upgraded Hershey's stock from underweight to neutral, citing reduced uncertainty and potential moderation in cocoa prices [16]

Core Insights - Oslo Innovation Week 2025 attracted 15,000 participants from various sectors, focusing on climate action through research and entrepreneurship [3] - Oslo's annual venture capital has surged 13 times since 2014, reaching $650 million in 2024, driven by interests in clean technology, maritime technology, and life sciences [4] Company Highlights - **Norwegian Mycelium (NoMy)**: Winner of the Oslo Innovation Award 2025, NoMy transforms food industry waste into mycoproteins using AI-driven fermentation, recently raising €1.25 million for commercialization [6][9] - **Avisomo**: Innovating modular vertical farming to reduce waste and costs in fresh produce supply chains, Avisomo secured €5.2 million in funding to develop its indoor farming solutions [11][12] - **Agoprene**: Developed a sustainable seaweed-based foam alternative to petroleum-based products, recently launching automated production after receiving a grant of $81,900 from the EU [15][17] - **Brim Explorer**: Offers hybrid electric boats for sustainable tourism, with plans to expand its fleet and promote environmental awareness through its Ocean Ambassador Program [20][24] - **Telescope**: An AI-driven platform that assesses climate risks for real estate, raised €3.7 million to enhance its services, providing localized risk assessments [25][28][30] Industry Trends - The focus on sustainability is evident as companies like NoMy and Agoprene address environmental impacts in food production and materials [6][15] - The rise of vertical farming solutions like Avisomo indicates a shift towards reducing carbon footprints in agriculture [11][12] - The maritime sector is adapting to sustainability demands, with Brim Explorer leading the way in eco-friendly tourism [20][21] - The financial sector is increasingly recognizing climate risks, as highlighted by Telescope's innovative approach to risk assessment [26][27][29]