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Zacks News
Mondelez (MDLZ) Extends Buyback Plan to Boost Shareholder Value
by Zacks Equity Research
Mondelez (MDLZ) extends its share repurchase authorization by an additional $4 million, while also widening its validity till 2023-end.
Church & Dwight (CHD) Boosts Portfolio With ZICAM Brand
by Zacks Equity Research
Church & Dwight's (CHD) addition of the ZICAM brand, which fits its long-standing buyout criteria, is likely to strengthen the company's existing portfolio.
Smucker (SJM) Sells Crisco Business to B&G Foods, Updates View
by Zacks Equity Research
Smucker (SJM) closes the sale of Crisco oils and shortening business to B&G Foods. The company also updates fiscal 2021 guidance to reflect the divestiture impact on its top and bottom lines.
Flower Foods (FLO) Hurt by Weakness in Foodservice Business
by Zacks Equity Research
Increased social distancing amid COVID-19 is hurting Flowers Foods' (FLO) foodservice business. The company is also seeing escalated costs.
Smucker's (SJM) Retail Business Solid, Away From Home Soft
by Zacks Equity Research
Smucker (SJM) has been benefiting from rising at-home consumption amid the pandemic, which is boosting its retail business. However, social distancing has taken a toll on the Away From Home channel.
McCormick (MKC) Acquires Cholula to Boost Condiment Platform
by Zacks Equity Research
McCormick (MKC) closes its previously-announced acquisition of Cholula from L Catterton for $800 million, financed through cash on hand and commercial paper.
Lamb Weston's (LW) Retail Unit Strong, Foodservice Troubled
by Zacks Equity Research
Lamb Weston (LW) has been gaining on a solid retail business due to elevated demand amid the pandemic. However, soft away-from-home demand has been marring foodservice sales.
Medifast (MED) Up More Than 75% YTD: Will Momentum Stay?
by Zacks Equity Research
Medifast (MED) has been gaining on robust performance of OPTAVIA. Also, the company has certain planned investments for growth, though they are likely to affect margins.
Pilgrim's Pride (PPC) Looks Solid on Strategic Growth Efforts
by Zacks Equity Research
Strength in Pilgrim's Pride (PPC) European business is yielding results. Also, the company's focus on its customer-centric initiatives is impressive.
McCormick (MKC) to Acquire Cholula, Boost Condiment Platform
by Zacks Equity Research
McCormick (MKC) announces plans to acquire Cholula with an aim to widen its product portfolio and accelerate growth in condiment platform.
Hormel Foods (HRL) Q4 Earnings Miss Estimates, Sales Down Y/Y
by Vidya Nair
Hormel Foods' (HRL) fourth-quarter fiscal 2020 results reflect persistent weakness in the foodservice channel. Moreover, high costs related to the pandemic put pressure on profits.
Smucker (SJM) Q2 Earnings & Sales Top Estimates, View Raised
by Zacks Equity Research
J. M. Smucker's (SJM) Q2 results reflect higher at-home consumption driving the retail businesses, while the Away From Home unit remains troubled. Management raises its fiscal 2021 guidance.
Hain Celestial (HAIN) Robust on Transformation Strategy
by Zacks Equity Research
Hain Celestial (HAIN) is gaining from its transformation efforts. It is focused on its global strategic goals and continues to make investments in key brands.
Nu Skin (NUS) Looks Radiant on Innovation & Digital Strength
by Zacks Equity Research
Nu Skin (NUS) has been gaining on initiatives to strengthen sales leader and expand customer base through product launches. Also, the company's focus on digital operations bodes well.
McCormick (MKC) Hikes Dividend: What Else Should You Know?
by Zacks Equity Research
McCormick (MKC) rewards shareholders by raising quarterly dividend. Also, the company's robust cost-saving efforts are yielding.
Post Holdings (POST) Q4 Earnings Miss Estimates, Sales Down
by Zacks Equity Research
Post Holdings' (POST) fourth-quarter fiscal 2020 results reflect lower sales and earnings. Weakness in the Foodservice and the Post Consumer brands hurt performance.
Online Grocery Sales Set to Hit New High This Year: 4 Winners
by Ritujay Ghosh
Retailers like Target Corporation (TGT), The Kroger Co. (KR) and The Hain Celestial Group, Inc. (HAIN) that have a strong online delivery muscle, seen more people shopping at their websites.
United Natural (UNFI) Surges More Than 85% YTD: Here's Why
by Zacks Equity Research
United Natural (UNFI) is witnessing higher consumer demand amid the coronavirus outbreak. Also, the company's lucrative acquisitions have been noteworthy.
The Zacks Analyst Blog Highlights: Pfizer, Hain Celestial, Pilgrim's Pride, United Natural Foods and Tyson Foods
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Pfizer, Hain Celestial, Pilgrim's Pride, United Natural Foods and Tyson Foods
Coronavirus Fears to Boost Packaged Food Sales: 4 Picks
by Ritujay Ghosh
The Hain Celestial Group, Inc. (HAIN), United Natural Foods, Inc. (UNFI) and Tyson Foods, Inc. (TSN) may one again witness a surge in the demand for their products as surging coronavirus cases may once again compel people to confine themselves indoors.
SpartanNash (SPTN) Beats on Q3 Earnings, Revises Outlook
by Zacks Equity Research
Higher coronavirus-induced consumer demand drives SpartanNash's (SPTN) third-quarter 2020 performance. Management also updated view for the year.
Campbell (CPB) Gains on Strong Demand Amid Input Cost Woes
by Zacks Equity Research
Campbell's (CPB) Meals & Beverages and Snacks segments benefit from rising demand as at-home consumption trends stay. However, rising input costs are a hurdle.
New Strong Buy Stocks For November 12th
by Zacks Equity Research
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today.
Hain Celestial (HAIN) Q1 Earnings Top Estimates, Sales Up Y/Y
by Zacks Equity Research
Hain Celestial's (HAIN) first-quarter fiscal 2020 performance gains from growth across the North America and the International segments.
Hain Celestial (HAIN) Surpasses Q1 Earnings and Revenue Estimates
by Zacks Equity Research
Hain Celestial (HAIN) delivered earnings and revenue surprises of 50.00% and 1.03%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?