Food & beverage news

Conagra Brands Inc. (NYSE: CAG) published its earnings report for the fiscal second quarter on Thursday that topped analysts’ estimates for sales and earnings despite the ongoing COVID-19 crisis that disrupted countless business in 2020. Conagra Brands was flat in premarket trading on Thursday but slid roughly 3% on…

Mitchells & Butlers plc (LON: MAB) expects the newly imposed countrywide lockdown in the United Kingdom to weigh on its business in the upcoming weeks. In a bid to combat the economic impact of the COVID-19 restrictions, the company said that it was considering a capital raise to shore…

Greggs plc (LON: GRG) said on Wednesday that the decline in its sales attributed to the ongoing Coronavirus pandemic lost pace in recent months. The company, however, warned that its profit was unlikely to return to the pre-COVID-19 levels before 2022. Greggs was reported more than 1% up in…

Cal-Maine Foods Inc. (NASDAQ: CALM) published its financial results for the fiscal second quarter on Tuesday that topped analysts’ estimates for earnings and revenue despite the ongoing Coronavirus pandemic that has so far infected more than 21 million people in the United States and caused over 350 thousand deaths.

In an announcement on Wednesday, McCormick & Co. (NYSE: MKC) said it had acquired FONA International for £521.79 million in cash. FONA is an Illinois-based flavour company that focuses on health and nutrition. In a report published late in September, the global food company had posted £160.11 million…

Food delivery giants GrubHub Inc (NYSE: GRUB), Uber Technologies Inc (NYSE: UBER), and recent market newcomer DoorDash Inc (NYSE: DASH) could see their businesses impacted by a new California law that comes into effect on Jan. 1, The Wall Street Journal reported. The new law As…

In an announcement on Monday, Delivery Hero SE (ETR: DHER) said it received approval from regulators to takeover Woowa Brothers – the owner of the top South Korean food delivery app. The approval, however, came with a condition that the German food-delivery service will offload Yogiyo – another South…

In an announcement on Wednesday, Marston’s plc (LON: MARS) said it will take over all 156 Brains’ pubs in Wales. The deal, it added, will save 1,300 jobs amidst the ongoing Coronavirus pandemic that has pushed businesses into massive job cuts this year. As per the British company, it…

Neogen Corp. (NASDAQ: NEOG) said on Tuesday that its earnings and revenue were lower than analysts’ estimates in the fiscal second quarter. The company attributed its dovish performance in Q2 somewhat to the ongoing COVID-19 crisis that has so far infected more than 18 million people in the United…

The Coca-Cola Company (NYSE: KO) said last week it will slash its global workforce by 2,200 jobs with more than half of them planned for the United States. The company attributed the move to business disruptions in recent months related to the ongoing Coronavirus pandemic that has so far…

Darden Restaurants Inc. (NYSE: DRI) said its profit in the fiscal second quarter topped analysts’ estimates on Friday. Sales at Olive Garden, however, slid more than expected in the recent quarter. In a report published in September, the restaurant operator had reported a hit to its sales in…

SSP Group plc (LON: SSPG) said on Thursday that it concluded fiscal 2020 with a pre-tax loss due to the ongoing Coronavirus pandemic that has so far infected more than 19 million people in the United Kingdom and caused over 66 thousand deaths. SSP Group closed the regular session…

Marston’s plc (LON: MARS) said on Thursday that its pre-tax loss significantly widened in fiscal 2020 attributed primarily to the ongoing Coronavirus pandemic that has so far infected more than 1.7 million people in the United Kingdom and caused over 62 thousand deaths. The brewer also said that its…

Campbell Soup Co. (NYSE: CPB) reported its financial results for the fiscal first quarter on Wednesday that topped analysts’ estimates for earnings and revenue. Despite better-than-expected performance in Q1, the U.S. company’s guidance missed Wall Street expectations on Wednesday. Campbell Soup was reported less than 1% down in premarket…

Brown-Forman Corp (NYSE: BF.B) said on Tuesday that its profit slid more than expected in the fiscal second quarter. Its sales, however, topped analysts’ estimates in Q2. Shares of the company tanked more than 1.5% in premarket trading on Tuesday but recovered almost the entire intraday gain on market…

Invezz and other media outlets reported that DoorDash is planning to list its shares on the public market. But what exactly does the company do and is it properly valued at a reported $25 billion? Company profile All companies looking to become public must release to the public a…

Fuller, Smith & Turner plc (LON: FSTA) said on Thursday that it swung to a loss in the fiscal first half as the Coronavirus pandemic pushed its stores into temporarily shutting down. The COVID-19 crisis has so far infected more than 1.5 million people in the United Kingdom and…

In a report on Thursday, Mitchells & Butlers plc (LON: MAB) said it concluded fiscal 2020 in loss due to the Coronavirus pandemic that pushed its stores into temporarily shutting down. The company also revealed to have slashed its workforce by 1,300 jobs. Shares of the company tanked more…

In an announcement on Thursday, Britvic plc (LON: BVIC) said that its pre-tax profit saw a slight improvement in fiscal 2020 as lower costs helped even out the decline in revenue. The company, however, warned that the newly imposed COVID-19 restrictions were expected to keep its performance under pressure…

Compass Group plc (LON: CPG) said on Tuesday that its pre-tax profit came in lower in fiscal 2020 than last year. The company attributed the decline to weaker revenue due to the ongoing COVID-19 crisis that has so far infected more than 1.5 million people in the United Kingdom…

In a report on Thursday, Naked Wines plc (LON: WINE) said that its loss widened in the fiscal first half, attributed primarily to a write-down. The company, however, expressed confidence that its underlying performance improved in H1. Naked Wines was reported about 4% up in premarket trading on Thursday.

Tyson Foods Inc. (NYSE: TSN) reported its financial results for the fiscal fourth quarter on Monday that topped analysts’ estimates for earnings and revenue. The company also reinstated its dividend for fiscal 2021. Tyson Foods opened close to 2.5% up in the stock market on Monday. The U.S. company…