Portuguese firms Cerealis and Better Foods have agreed to combine their milling activities in a new jointly owned business. The agreement covers Cerealis Moagens and the milling units of Better Foods – Ceres, Germen, Carneiro Campos and Granel. The combined business will be set up as a new company held on a 50/50 basis by the shareholder structures of both groups. Financial details of the transaction have not been revealed. On its website, Better Foods Group describes itself as the “largest” Portugues ...

Core Insights - Mondelez International, Inc. is expected to report a significant decline in adjusted profit for Q3, with an anticipated EPS of $0.73, down 26.3% year-over-year from $0.99 [2] - The company has a mixed earnings surprise history, having surpassed bottom-line estimates three times in the past four quarters but missing once [2] - For the full fiscal year 2025, adjusted EPS is projected to be $3.02, a decrease of 10.1% from $3.36 in 2024, with a rebound expected in fiscal 2026 to $3.31, reflecting a 9.6% year-over-year increase [3] Stock Performance - Mondelez's stock has declined 14.3% over the past 52 weeks, underperforming compared to the Consumer Staples Select Sector SPDR Fund's 4.6% decline and the S&P 500 Index's 13.5% gain [4] - Following the release of better-than-expected Q2 results, Mondelez's stock dropped 6.6% in the subsequent trading session and continued to show negative momentum for five more sessions [5] Revenue and Market Performance - The company reported a notable 7.7% year-over-year revenue growth, reaching nearly $9 billion, which was 1.2% above market expectations, driven by strong performance in Europe, Asia, the Middle East, and Africa [5] - However, sales in North American and Latin American markets have been on a downward trend [5] Cost Pressures - Rising raw material costs have contributed to a 12% year-over-year drop in adjusted EPS to $0.73, although this figure exceeded consensus estimates by 7.4% [6] - The company's outlook remains dim due to pressures from increasing cocoa prices, despite solid performance in Q2 [6]

Group 1 - J&J Snack Foods Corp (NASDAQ:JJSF) is considered one of the best FMCG stocks to invest in, with a 'Buy' rating and a $150 price target from Benchmark analysts following meetings with senior management [1][2] - The company has shown an improving revenue and margin outlook, leading to raised fiscal year 2026 estimates based on recent performance [2] - In the third quarter, J&J Snack Foods reported earnings per share of $2.00, exceeding consensus estimates of $1.84, with revenue totaling $454.3 million compared to an expected $441.2 million [3] Group 2 - The company manufactures and distributes a diverse range of branded snack foods and beverages for food service and retail outlets across the U.S., including popular items like soft pretzels and frozen drinks [4]

Overview - The article identifies and reviews the 12 best cookie delivery services based on extensive taste tests [1] Industry Focus - The cookie delivery service industry is evaluated based on taste and service quality [1]

Financial Data and Key Metrics Changes - The company reported organic growth expectations for fiscal 2026 in the range of -1% to +1%, indicating flat organic growth at the midpoint [10] - The midpoint of the EPS guidance for fiscal 2026 is approximately $0.40 lower year-over-year, with about two-thirds of this decrease attributed to tariff headwinds [12][13] - The company increased its cost savings program from $250 million to $375 million, with $145 million delivered in fiscal 2025 [66][67] Business Line Data and Key Metrics Changes - Meals and Beverages are expected to maintain momentum due to at-home cooking trends, while Snacks are anticipated to stabilize in the second half of fiscal 2026 [11][43] - The company noted that Rao's brand has high single-digit growth and significant distribution opportunities [39] - Milano Cookies experienced a 27% growth in the past quarter, showcasing the impact of innovation on brand performance [55] Market Data and Key Metrics Changes - The company is facing a dynamic operating environment with challenges such as tariffs impacting costs, particularly in the Meals and Beverages segment [8][63] - The overall cookie category is down, yet the company has managed to grow its cookie portfolio through successful product launches [55] Company Strategy and Development Direction - The company aims to return to sustainable profitable growth by focusing on its strong brand portfolio and investing in innovation [4][72] - There is a commitment to maintaining competitive pricing while providing value to consumers, especially in the soup segment [28][63] - The company is leveraging its scale and focusing on North American markets to drive growth [72] Management's Comments on Operating Environment and Future Outlook - The CEO emphasized the importance of adapting to consumer trends such as premiumization and health and wellness [6][72] - Management acknowledged the challenges posed by tariffs but expressed confidence in mitigating some of these impacts through productivity initiatives [8][63] - The company is focused on evolving its portfolio to align with changing consumer preferences [6][72] Other Important Information - The company plans to phase its marketing spend to reach a midpoint of 9.5% of net sales in fiscal 2026 [60] - The integration of Sovos is expected to continue providing savings as part of the cost savings program [67] Q&A Session Summary Question: What are the key takeaways from the fiscal fourth quarter earnings? - The CEO highlighted the evolving consumer landscape and the need for the company to adapt its strategies accordingly [6] Question: What is the outlook for organic growth in fiscal 2026? - The CFO provided a range of -1% to +1% for organic growth, with expectations for stabilization in Snacks [10][43] Question: How is the company addressing pricing challenges due to tariffs? - Management discussed surgical pricing strategies to mitigate tariff impacts while maintaining consumer value [28][63] Question: What are the growth opportunities for the Rao's brand? - The CEO noted high single-digit growth and significant potential for distribution expansion [39] Question: How does the company plan to achieve its cost savings targets? - The CFO outlined the increased cost savings program and the sources of savings, including integration and network optimization [66][67]

Core Points - A US federal jury has ordered Google to pay approximately $425 million for illegally collecting data from smartphone app usage despite users opting for privacy settings [3][4][5] - The lawsuit, initiated in July 2020, accused Google of intercepting and selling users' mobile app activity data regardless of their privacy choices [4][5][6] - Google plans to appeal the jury's decision, asserting that its privacy tools respect user choices [5][6] Legal Context - The jury's verdict follows a trial in San Francisco and comes after a federal judge recently ruled in favor of Google in a separate antitrust case [4] - The plaintiffs' attorneys claimed that Google's actions violated consumer privacy rights [4][6] Regulatory Environment - France's data protection authority, CNIL, has imposed significant fines on Google for failing to comply with cookie consent laws, including a recent fine of €325 million (approximately $375 million) [8] - This fine is part of a series of penalties against Google for cookie-related violations, totaling €100 million in 2020 and €150 million in 2021 [9]

Core Points - France's data protection authority, CNIL, imposed record fines on Google and Shein for cookie law violations, with Google fined 325 million euros ($375 million) and Shein fined 150 million euros ($175 million) [3][4][9] - Both companies failed to obtain users' free and informed consent before placing advertising cookies, which are crucial for online advertising [4][10] - The CNIL has intensified scrutiny of cookie usage over the past five years, particularly targeting high-traffic sites [5] Company-Specific Insights - Google has faced multiple fines from the CNIL, including 100 million euros in 2020 and 150 million euros in 2021, with the latest fine being the largest to date [9] - The CNIL highlighted Google's use of a "cookie wall" during account creation, which did not adequately inform users, leading to a lack of informed consent [10][11] - Google is required to comply with CNIL's regulations within six months, with potential daily penalties of 100,000 euros for non-compliance [11] Shein-Specific Insights - Shein was found to have collected extensive data from 12 million monthly users in France without proper consent or adequate withdrawal options [5][6] - The company has updated its systems to align with CNIL's requirements and plans to appeal the fine, claiming it is disproportionate [6]

SourceMuskonomy (@muskonomy):🚨UPDATE: Tesla Diner menu 🔥- Hot dogs- Burgers- Grilled tuna sandwiches- Breakfast sandwiches- Shakes- Floats- Cookies and more. ...

Menu Highlights - Tesla Diner 菜单包括热狗、汉堡、烤金枪鱼三明治等 [1] - 早餐三明治、奶昔、冰淇淋漂浮以及饼干也在菜单之列 [1] Food Service Industry - 餐饮服务可能成为特斯拉业务的新增长点 [1]

🚨UPDATE: Tesla Diner menu 🔥- Hot dogs- Burgers- Grilled tuna sandwiches- Breakfast sandwiches- Shakes- Floats- Cookies and more. https://t.co/IMdzMAPx0L ...