EARNINGS RESULTS 3 rd QUARTER 2025 November 7 TH, 2025 1 PROFITABILITY EVOLUTION: MARGIN IMPROVEMENT AND EXPENSE CONTROL Strong cash generation results in the lowest leverage level since 2021 B2C: Stable sales and behavior • Attractiveness of the model • Stable Flow • Maintaining the trade down level B2B: Volume reduction • Flow maintenance • Average ticket price drop • Market Performance | Supermarkets(1) that serve: o Classes C, D, and E ( -8.3%) • Same -store sales in the four -month period (July 2025 to ...

Core Insights - A new individual business named "Ruiyuanhao Tea Sales Shop" has been established in Panlong District, with a registered capital of 200,000 RMB [1] Business Overview - The legal representative of the business is Xiang Rong [1] - The business scope includes licensed projects such as food sales, which require approval from relevant authorities before operation [1] - General projects include tea planting, agricultural product sales, internet sales of food (only pre-packaged food), vending machine sales, leather sales, wholesale and retail of edible agricultural products, and various types of retail including fresh vegetables and sports equipment [1]

天眼查App显示，近日，宜宾市临港经开区严巨强食品经营部（个体工商户）成立，法定代表人为严巨 强，注册资本3万人民币，经营范围为一般项目：食品销售（仅销售预包装食品）；食品互联网销售 （仅销售预包装食品）；食用农产品批发；保健食品（预包装）销售；初级农产品收购。（除依法须经 批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Insights - The local market regulatory authority conducted a sampling inspection of 160 batches of edible agricultural products and catering food, with 140 batches passing and 20 batches failing the inspection [1]. Summary of Non-compliant Products - The majority of non-compliant products were found in the "Kangbao County Kangdu Business Hotel," where multiple samples of plates tested positive for anionic synthetic detergents (sodium dodecylbenzenesulfonate) at levels ranging from 0.014 mg/100 cm² to 0.037 mg/100 cm², exceeding the standard of "not detectable" [1][2]. - Another establishment, "Kangbao County Zuolinyoushe Family Banquet Catering Management Co., Ltd.," also had several samples of plates that tested positive for the same contaminant, with results ranging from 0.0077 mg/100 cm² to 0.093 mg/100 cm² [2][3]. Summary of Compliant Products - A total of 140 batches of edible agricultural products passed inspection, including various vegetables such as oil wheat, green peppers, and beans, all sourced from "Kangbao County Dengyuan Zhenhui Shopping Plaza" [3][4]. - The compliant products were sold in various forms, primarily through retail sales, indicating a focus on ensuring food safety in the local market [4][5].

Core Insights - Retail trade volumes in the euro area decreased by 0.1% in September 2025 compared to August, while remaining unchanged in the EU [1] - On a year-over-year basis, the retail sales index increased by 1% in the Eurozone and 1.3% in the EU compared to September 2024 [1] Monthly Performance - In the euro area, food, drinks, and tobacco retail volumes were flat, while non-food trade excluding automotive fuel fell by 0.2%, and automotive fuel sales dropped by 1% [2] - Across the EU, food, drinks, and tobacco volumes declined by 0.2%, non-food excluding automotive fuel remained unchanged, and automotive fuel sales decreased by 0.9% [2] Member State Analysis - The largest monthly declines in total retail volumes were observed in Lithuania (down 1.1%), Latvia and Slovenia (both down 0.7%), and Italy (down 0.6%) [3] - The strongest increases were reported in Luxembourg and Malta (both up 1.7%), Estonia (up 1.5%), and Slovakia (up 1.4%) [3] Yearly Comparison - Year-over-year, euro area retail volumes rose by 1% for food, drinks, and tobacco, 1.4% for non-food excluding automotive fuel, and declined by 0.7% for automotive fuel [4] - In the EU, annual volumes increased by 0.5% for food, drinks, and tobacco, 1.9% for non-food excluding automotive fuel, and 0.5% for automotive fuel [4] State-Specific Yearly Changes - The largest annual gains in total retail trade volumes were in Cyprus (up 8.5%), Malta (up 6.6%), and Bulgaria (up 5.7%) [5] - Declines were noted in Italy (down 2.3%), Romania (down 2.1%), Belgium (down 0.8%), and Austria (down 0.1%) [5]

Core Viewpoint - A new individual business named Wuhua District Xiuniang Zhenchao Food Store has been established, focusing on food sales and related agricultural products [1] Company Summary - The legal representative of the newly established food store is He Xiushu [1] - The registered capital of the business is 300,000 RMB [1] - The business is authorized to engage in food sales, subject to necessary approvals from relevant authorities [1] Industry Summary - The business operates in the agricultural products sector, with activities including the sale of agricultural by-products and wholesale of edible agricultural products [1] - The store also engages in the retail of fresh fruits, operating independently under its business license for non-licensed activities [1]

Core Viewpoint - Krispy Kreme is restructuring its distribution network to focus on selling doughnuts through major retailers such as Walmart and Costco [1] Company Strategy - The company aims to enhance its presence in retail channels by prioritizing partnerships with large retailers [1] Industry Implications - This shift may indicate a broader trend in the food and beverage industry where companies are increasingly relying on retail partnerships to drive sales [1]

Core Insights - Krispy Kreme's third quarter 2025 results indicate progress in its turnaround strategy, focusing on profitable U.S. expansion and capital-light international franchise growth [3][4]. Financial Highlights - Net revenue for Q3 2025 was $375.3 million, a decrease of 1.2% compared to $379.9 million in Q3 2024 [5][6]. - The company reported a GAAP net loss of $20.1 million, compared to a net income of $37.6 million in the same quarter last year [10][8]. - Adjusted EBITDA increased by 17% to $40.6 million, with an adjusted EBITDA margin of 10.8%, up from 9.1% [11][8]. Operational Performance - Organic revenue grew by 0.6%, primarily driven by the international segment, despite a decline in Global Points of Access by 6.1% [9][6]. - U.S. segment net revenue decreased by approximately 5.3% to $216.2 million, largely due to the previous year's sale of a majority stake in Insomnia Cookies [13][8]. - International segment net revenue increased by 7.3% to $138.8 million, with organic revenue growth of 6.2% [16][17]. Turnaround Strategy - The turnaround plan includes refranchising international markets, improving return on invested capital, expanding margins, and driving sustainable growth [7][4]. - The company aims to reduce capital spending while paying down debt and expects further improvement in adjusted EBITDA and positive free cash flow [3][4]. Balance Sheet and Liquidity - As of September 28, 2025, Krispy Kreme had total available liquidity of $215.2 million, including $30.7 million in cash and cash equivalents [20][19]. - The company invested $80.8 million in capital expenditures year-to-date, focusing on initiatives to enhance consumer access to products [19][20]. Market Development - The Market Development segment saw a decline in net revenue by 9.2% to $18.9 million, with organic revenue down approximately 5.3% [18][8]. - Adjusted EBITDA for this segment increased by 6.4% to $12 million, reflecting a margin improvement due to changes in revenue mix [18][8].

Financial Performance - J Sainsbury plc reported a significant increase in profit after tax, rising to 165 million pounds from 76 million pounds in the previous year [1] - Earnings per share improved to 7.1 pence compared to 3.2 pence last year [1] - Total underlying operating profit reached 506 million pounds, reflecting a growth of 6.8% [1] - Underlying earnings per share increased to 10.2 pence from 9.1 pence [1] - Retail underlying operating profit was reported at 504 million pounds, showing a slight increase of 0.2% [1] Sales Performance - For the 28 weeks ended 13 September 2025, underlying group sales, excluding VAT, amounted to 17.58 billion pounds, marking a 2.8% increase from the prior year [2] - Retail sales, excluding VAT and fuel, totaled 15.58 billion pounds, which is an increase of 4.8% [2]

天眼查App显示，近日，临沂宗介食品有限公司成立，法定代表人为张丽霞，注册资本10万人民币，经 营范围为一般项目：日用百货销售；日用品销售；农副产品销售；食用农产品批发；食用农产品零售； 文具用品零售；宠物食品及用品批发；互联网销售（除销售需要许可的商品）；保健食品（预包装）销 售；食品销售（仅销售预包装食品）；食品互联网销售（仅销售预包装食品）。（除依法须经批准的项 目外，凭营业执照依法自主开展经营活动）。 ...