Workflow
Food Processing
icon
Search documents
ROSEN, A LEADING LAW FIRM, Encourages Hormel Foods Corporation Investors to Inquire About Securities Class Action Investigation - HRL
Newsfile· 2025-11-13 22:43
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]. Summary by Sections Investigation Announcement - Rosen Law Firm has announced an investigation into Hormel Foods Corporation for potential securities claims related to misleading business information [1]. Class Action Information - Shareholders who purchased Hormel securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. Recent Company Developments - On October 29, 2025, Hormel Foods cut its earnings forecast, citing price pressures, bird flu, and a fire at its Arkansas peanut butter production facility as contributing factors. The company also announced the departure of its CFO, leading to a 9.1% drop in stock price on the same day [3]. Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions. The firm has achieved significant settlements for investors, including over $438 million in 2019, and has been recognized as a leader in the field [4].
Smithfield Foods and Festival Foods Donate 34,000 Pounds of Protein to Fight Hunger in Wisconsin
Globenewswire· 2025-11-13 20:30
Core Points - Smithfield Foods partnered with Festival Foods to donate over 34,000 pounds of protein to local food pantries in Wisconsin, addressing food insecurity during the holiday season [1][4] - The donation will provide more than 137,000 servings of food, including ham, bacon, and pork chops, to support families in need [4][5] - Smithfield's hunger relief program, Helping Hungry Homes, has provided hundreds of millions of servings of protein across the U.S. since 2008, with significant contributions in 2024 [8] Company Initiatives - Smithfield Foods emphasizes community support as a core value, aiming to strengthen local communities through food donations [2][8] - Festival Foods has been active in combating hunger through its Food for Neighbors and Paw Away Hunger programs, raising over $3.6 million since 2004 [7] - Paul's Pantry and St. Joseph Food Program are key partners in this initiative, serving thousands of families and addressing the rising demand for food assistance in Wisconsin [5][6][13] Impact on Community - The donation from Smithfield and Festival Foods is expected to make a tangible impact on food insecurity, particularly during the critical holiday season [4][5] - Paul's Pantry distributed nearly five million pounds of food to over 5,400 families last year, highlighting the ongoing need for food assistance in the region [4][12] - St. Joseph Food Program reported over 33,000 client visits from 2,900 families in 2024, indicating a significant rise in demand for food support [5][6]
X @Nick Szabo
Nick Szabo· 2025-11-13 15:22
RT Brew Markets (@brewmarkets)If you invested $10,000 in Beyond Meat in 2020, today you would have $92. https://t.co/XKYs5vY7AF ...
Conagra Brands Honors Employee Innovation with Its Sustainable Development Awards
Prnewswire· 2025-11-13 12:30
Core Insights - Conagra Brands announced the winners of its annual Sustainable Development Awards, recognizing employee contributions to sustainability in five key areas: Climate Change, Water Reduction, Waste Reduction, Packaging, and Responsible Practices [1][3] Group 1: Award Details - The Sustainable Development Awards program invited cross-functional employee teams to submit projects completed during Conagra's fiscal year 2025, evaluated by a panel of peers and selected by sustainability leaders [2] - Each winning project team will receive a $5,000 grant from the Conagra Brands Foundation to invest in their local community [4] Group 2: Key Projects and Achievements - **Climate Change**: The Inbound Logistics Team improved transport efficiency, saving approximately $250,000, cutting 241 truck trips, and reducing 123 metric tons of CO2 emissions [4] - **Water Reduction**: The Irapuato team optimized palm oil line cleaning, reducing palm oil use by 82,540 lbs and water use by 53,280 gallons annually, saving approximately $78,000 [4] - **Waste Reduction**: The Waterloo plant reduced landfill waste, achieving $1.29 million in savings with a $70,000 investment, diverting 948 tons from destruction [4] - **Packaging**: Teams reduced packaging thickness by 25%, saving $63,000 annually and cutting paper use by 126,000 lbs without operational changes [4] - **Responsible Practices**: The Waterloo facility donated 1,200–1,800 lbs of repurposed sunflower seeds, reducing disposal fees and supporting local biodiversity [4] - **Award of Excellence**: The Maple Grove team created a closed-loop recycling system, diverting 50 tons of waste annually and saving $7,000 [4] Group 3: Company Overview - Conagra Brands, Inc. is one of North America's leading branded food companies, generating nearly $12 billion in net sales for fiscal 2025 [5]
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].
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]