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Kraft Heinz Q4 Earnings Beat Estimates, Organic Sales Fall 4.2% Y/Y
ZACKS· 2026-02-11 16:56
Key Takeaways Kraft Heinz beat Q4 EPS estimates, but sales fell 3.4% and organic sales dropped 4.2%.KHC is investing $600M in marketing, R&D and pricing to drive recovery and growth.Kraft Heinz sees 2026 organic sales down 1.5%-3.5% and EPS at $1.98-$2.10.The Kraft Heinz Company (KHC) posted fourth-quarter 2025 results, with the top line missing the Zacks Consensus Estimate but the bottom line exceeding the same. However, both metrics declined year over year. The company has greater-than-expected potential ...
JBS to close case-ready meat plant in US
Yahoo Finance· 2025-12-15 09:55
Group 1 - JBS is closing a case-ready production plant in Riverside, California, affecting 374 jobs, with the shutdown scheduled for February 2 [1][2] - The closure is part of JBS's strategy to optimize its value-added and case-ready business and simplify operations [1] - Production will be shifted to other undisclosed JBS plants, with relocation support offered to affected workers [2] Group 2 - JBS's competitor, Tyson Foods, also announced a closure of a beef-processing plant in Nebraska as part of a strategy to right-size its struggling meat business [2] - JBS reported a year of declining beef volumes and an adjusted operating loss for the beef segment in fiscal 2026, leading to operational changes including converting its Amarillo, Texas facility to a single full-capacity shift [3] - The company has plans to expand its operations, including a $200 million investment to boost beef capacity in Texas and Colorado [3] Group 3 - In addition to the plant closure, JBS announced a $135 million investment in a new sausage factory in Perry, Iowa, which will create 500 jobs [4] - The company also acquired a former Hy-Vee facility in Ankeny, Iowa, planning to invest $100 million for bacon and sausage production [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]
Hormel Foods further optimizes manufacturing footprint
Yahoo Finance· 2025-10-02 15:00
Group 1 - The global branded food company Hormel launched its T&M initiative at the end of fiscal 2023, aiming for at least $250 million in annualized operating income growth over three years [3] - By the end of fiscal year 2025, Hormel expects to achieve $100 million to $150 million in incremental benefits from the T&M initiative, as stated by EVP and CFO Jacinth Smiley [4] - The T&M initiative includes opening a distribution facility in Memphis, Tennessee, to enhance inventory flows and distribution capacity [4] Group 2 - Hormel implemented the Hormel Production System to standardize operations across manufacturing facilities and introduced new procurement and productivity programs to achieve further savings in logistics, warehousing, and supplies [5] - The company established a data and analytics office to facilitate access to technology and data, supporting the T&M initiative [5] - Hormel has made leadership changes in its supply chain, promoting Steve Lykken to group VP of supply chain, followed by Kevin Myers as interim group VP after Lykken's departure [6] Group 3 - Hormel is discontinuing bacon production at its Tucker, Georgia plant to optimize its manufacturing footprint, moving production to other facilities [7] - The discontinuation of the bacon line is part of approximately 90 projects executed in Q3 as part of Hormel's multiyear transformation and modernization initiative [7]
Smithfield Foods(SFD) - Prospectus(update)
2025-01-21 11:28
Table of Contents As filed with the Securities and Exchange Commission on January 21, 2025. Registration No. 333-284141 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Smithfield Foods, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Virginia 2013 52-0845861 (I.R.S. Emplo ...