Tyson Foods, Inc. (TSN), headquartered in Springdale, Arkansas, stands as a global leader in protein production. The company produces raw meat products, including fresh beef, pork, and chicken, as well as prepared foods such as nuggets, wings, sausages, and ready-to-eat meals, for consumers worldwide. Through vertical integration, it manages the entire supply chain, from farming and livestock raising to processing and distribution, ensuring efficiency, quality control, and reliable delivery to global mar ...

The Livekindly Collective (LKC) has inked a co-manufacturing and distribution deal in Europe with Tindle Foods for plant-based meats. LKC will produce Tindle’s products for the US, German and UK markets for supply to foodservice and online customers, according to a statement. Germany and the UK are two of LKC’s largest markets for its own branded meat-alternative products, but the US-headquartered business also manufactures for private-label customers. Commenting on the tie-up, LKC CEO David Suarez sai ...

Core Insights - The Wendy's Company reported third-quarter results that met expectations, highlighting strong international sales growth of 8.6% and the opening of 54 new restaurants globally [1][11] - U.S. comparable sales at company-operated restaurants outperformed the system by 4%, driven by operational excellence and the successful launch of new chicken tenders [2][11] - The company is implementing Project Fresh, a comprehensive turnaround plan focused on brand revitalization and operational excellence [2] Operational Highlights - Systemwide sales growth for the third quarter was 1.8%, with U.S. sales declining by 4.4% and international sales growing by 8.6% [2][11] - Same-restaurant sales growth was 0.2% in the U.S. and 3.0% internationally for the third quarter [2] - The total number of restaurants increased to 7,363, with 54 new openings in the third quarter [11] Financial Highlights - Total revenues for the third quarter decreased by 3.0% to $549.5 million, while adjusted revenues were nearly flat at $442.5 million [4][11] - Net income fell to $44.3 million, a decrease of 11.8%, and adjusted EBITDA increased by 2.1% to $138.0 million [4][11] - Reported diluted earnings per share were $0.23, with adjusted earnings per share decreasing by 4.0% to $0.24 [4][11] Cash Flow and Shareholder Returns - Cash flow from operations was $275.3 million, while free cash flow decreased to $195.6 million [4][11] - The company returned $40.7 million to shareholders through dividends and share repurchases [11][16] - A quarterly dividend of $0.14 per share was declared, payable on December 15, 2025 [16] 2025 Outlook - The company reaffirmed its global systemwide sales growth outlook of -5.0% to -3.0% and adjusted EBITDA expectations of $505 to $525 million [17] - Free cash flow expectations were raised to $195 to $210 million, reflecting a positive adjustment in capital expenditures [18]

Core Insights - Calbee has acquired a 58% stake in US-based tofu-maker Hodo, marking its entry into the US plant-based food market and aiming to accelerate the growth of its international "health and food" businesses [1][2] - Sagamiya Foods, a Japan-based tofu manufacturer, will also take a 10% interest in Hodo, providing technical support to promote and expand tofu culture in the US [1][3] Company Strategy - The acquisition aligns with Calbee's three-year transformation plan initiated in February 2023, focusing on overseas expansion, particularly in the US, and the development of its "food and health" business [2][4] - Calbee's CEO highlighted the growing demand for sustainable foods, particularly tofu, which is gaining traction among health-conscious consumers in the US market [2][4] Hodo's Position - Hodo, founded in 2004 and based in Oakland, California, supplies retail and foodservice and offers a portfolio that includes other plant-based foods such as nuggets, veggie-burgers, and egg replacement products [4][5] - Hodo's founder expressed excitement about Calbee's vision and commitment to providing healthier food options without compromising on taste [5]

Core Points - Kirk Tanner, President and CEO of Wendy's, is leaving to become the President and CEO of The Hershey Company, effective July 18, 2025 [1] - Ken Cook, the current CFO, has been appointed as Interim CEO while the Board searches for a permanent replacement [2] - The Board expresses confidence in Ken Cook and the senior leadership team to continue executing the company's growth strategy [3] Leadership Changes - Kirk Tanner's departure is acknowledged by the Board, which wishes him well in his new role at Hershey [3] - Ken Cook has a strong background, having spent 20 years at UPS, and has played a significant role in developing Wendy's long-term growth strategy [2] - Bradley G. Peltz has been elected to the Board, replacing Matthew H. Peltz, who resigned to focus on other commitments [3] Strategic Focus - Ken Cook emphasizes the commitment to executing strategic priorities such as providing fresh food, enhancing customer experience, and accelerating global net unit growth [3] - The company is set to release its second quarter 2025 results on August 8, 2025, indicating ongoing transparency and communication with stakeholders [3]