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Zacks News
Conagra (CAG) Benefits From Pandemic-Led Demand, Acquisitions
by Zacks Equity Research
Conagra's (CAG) retail business is benefiting from pandemic-led at-home consumption trend. Also, the company is strongly committed toward undertaking innovation.
Church & Dwight (CHD) Gains on Elevated Demand, High Costs Hurt
by Zacks Equity Research
Church & Dwight (CHD) is benefiting from increased consumer demand amid the pandemic-led higher at-home consumption. However, the company expects input costs to increase in 2021.
Service Corporation (SCI) Looks Solid, Gains About 10% in 3 Months
by Zacks Equity Research
Service Corporation (SCI) is gaining on increased funeral services performed and greater burials in its cemeteries, especially amid the pandemic. Also, a robust cost structure is aiding.
Tyson Foods (TSN) Rallies More than 20% YTD: Will Momentum Stay?
by Zacks Equity Research
Tyson Foods (TSN) is seeing robust growth in the retail business amid pandemic-induced at-home consumption trend. Also, its e-commerce business is impressive.
Buyouts Aids Flowers Foods (FLO), Soft Branded Retail Unit Hurts
by Zacks Equity Research
Flowers Foods (FLO) is focusing on buyouts to expand in untapped markets. However, softness in branded retail and store branded retail categories are a concern.
Philip Morris (PM) Rewards Shareholders, Unveils New Buyback Plan
by Zacks Equity Research
Philip Morris (PM) approves a new share buyback plan of up to $7 billion and announces a quarterly dividend. Solid pricing power and strength in RRPs are key growth drivers for the company.
Hormel Foods' (HRL) Capacity Expansion Efforts Solid, Costs High
by Zacks Equity Research
Hormel Foods (HRL) has been gaining on its efforts to boost capacity and its prudent buyouts. However, high input and freight costs pose concerns.
Inter Parfums (IPAR) Looks Solid, Gains More Than 35% in 6 Months
by Zacks Equity Research
Inter Parfums (IPAR) has been gaining on constant product launches and strategic partnerships. The company's 2021 guidance looks encouraging.
United Natural (UNFI) Stock Tumbles Despite Q3 Earnings Beat
by Zacks Equity Research
United Natural's (UNFI) third-quarter fiscal 2021 results reflect lower top and bottom line due to weakness across almost all channels.
Campbell (CPB) Q3 Earnings & Sales Lag Estimates, EPS View Cut
by Vrishali Bagree
Campbell Soup's (CPB) third-quarter fiscal 2021 results reflect soft earnings and sales. Comparisons with year-ago period's demand surge and rising cost inflation hurt the company.
PepsiCo's (PEP) Frito-Lay to Expand Plant Capacity in Rosenburg
by Zacks Equity Research
PepsiCo's (PEP) Frito-Lay is expanding plant capacity at its Rosenburg facility and adding manufacturing lines for Funyuns and tortilla chips, which are expected to be completed by 2023.
Philip Morris (PM) Firm on 2021 View, Duty-Free Unit Weak
by Zacks Equity Research
Philip Morris (PM) continues to expect adjusted earnings in the range of $5.95-$6.05 for 2021. The company does not expect any near-term recovery in the duty-free business.
Flowers Foods (FLO) Buys Koffee Kup Bakery's Assets to Aid Growth
by Zacks Equity Research
Flowers Foods (FLO) acquires assets of Koffee Kup Bakery, Inc. to expand presence in the key Northeast market.
SpartanNash's (SPTN) Q1 Earnings Beat Estimates, Decline Y/Y
by Zacks Equity Research
SpartanNash (SPTN) posts mixed results for the first quarter of 2021. The company's segmental sales decline weighs on the overall top line.
The J.M. Smucker (SJM) Q4 Earnings Top Estimates, Sales Down
by Zacks Equity Research
The J.M. Smucker's (SJM) fourth-quarter fiscal 2021 results reflect lower sales and earnings thanks to weakness across most segments. Nevertheless, sustained demand for at-home food was an upside.
Here's Why You Must Add Newell Brands (NWL) to Your Portfolio
by Zacks Equity Research
Although cost woes remain concerns, robust consumption patterns, higher demand and a solid online show are likely to aid Newell Brands (NWL).
Tyson Foods (TSN) Offers Plant-Based Products in Asia Pacific
by Zacks Equity Research
Tyson Foods' (TSN) is launching a range of plant-based products in chosen retail markets and digital platforms in Asia Pacific under First Pride brand.
Pilgrim's Pride (PPC) Gains on Capacity Growth, Mexico Unit
by Zacks Equity Research
Pilgrim's Pride (PPC) gains from capacity expansions for key products. Also, solid operations in Mexico and revival of market conditions in the United States are upsides.
Mondelez's (MDLZ) Chipita Buyout to Boost Presence in Europe
by Zacks Equity Research
Mondelez (MDLZ) announces a deal to acquire the producer of sweet and salty snacks, Chipita, which will boost its presence in Central and Eastern Europe.
Medifast (MED) Looks Appetizing, OPTAVIA Solution a Key Upside
by Zacks Equity Research
Medifast (MED) has been benefiting from its OPTAVIA lifestyle solution and coaching support system. Additionally, the company has been speeding up its long-term supply-chain efforts.
Tyson Foods' (TSN) Retail Business Gains on Strong Demand
by Zacks Equity Research
Tyson Foods (TSN) is witnessing sturdy demand in the retail channel. The company's rich brand portfolio and efforts to boost operational efficiency are encouraging.
Kellogg (K) Gains More Than 10% in 3 Months: Will Growth Stay?
by Zacks Equity Research
Kellogg Company (K) looks well placed on the back of high demand for packaged foods amid the pandemic. Certainly, the company's brand strength has been a driver.
What Makes Nomad Foods (NOMD) a New Buy Stock
by Zacks Equity Research
Nomad Foods (NOMD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Nomad Foods (NOMD) Tops Q1 Earnings and Revenue Estimates
by Zacks Equity Research
Nomad Foods (NOMD) delivered earnings and revenue surprises of 21.74% and 2.45%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Beyond Meat (BYND) Queued for Q1 Earnings: Factors to Note
by Zacks Equity Research
Beyond Meat's (BYND) first-quarter 2021 results are likely to reflect softness in the foodservice business due to lower traffic and curbs on foodservice location operations.