Food & Beverage news

PepsiCo, Inc (NASDAQ: PEP) shares continue to trade near record highs after the company reported better than expected second-quarter earnings. On the other side, the U.S. stock market remains under pressure amid concerns that the economy could be hit by the fast-spreading Delta variant of the coronavirus. Fundamental analysis:…

Eat Beyond Global Holdings Inc (CNSX: EATS) named Michael Aucoin as its new chief executive officer on Monday. He will be taking the helm from Patrick Morris, who has remained the company’s CEO since its inception in 2019. On his appointment, Aucoin said: We intend to compete in a…

Cal-Maine Foods Inc (NASDAQ: CALM) said on Monday it concluded the fiscal fourth quarter in loss as average selling prices and conventional eggs volumes tanked in recent months. Shares of the company were down about 10% in premarket trading. Financial performance Cal-Maine reported $4.24 million of net loss in…

Starbucks Corp (NASDAQ:SBUX) shares edged lower on Friday despite the release of some upbeat analyst reports. Oppenheimer analysts said they expect the company’s Q2 earnings to beat expectations adding that the outlook looks even brighter.  Analyst Brian Bittner said:  Our updated…

There was hardly an industry that didn’t feel the heat from the COVID-19 pandemic. Among the most hard-hit industries was the casual dining restaurant sector as a company’s business model relied on filling in-door dining tables multiple times a night. As the public health guidelines restricted people to their homes,…

A day after Spruce Point Capital Management LLC accused Oatly Group AB (NASDAQ: OATLY) of overstating revenue and gross margins, founder Ben Axler said the Swedish food company’s stock is worth less than $10 per share. Oatly’s response to short seller’s allegations Oatly shares tanked 3% on Thursday morning…

Conagra Brands Inc (NYSE: CAG) said on Tuesday its sales came in weaker than last year in the fiscal fourth quarter. Earnings and revenue, however, topped Wall Street estimates. Financial performance Conagra Brands’ net income in the fourth quarter printed at $309.5 million that translates to 64 cents per…

PepsiCo Inc. (NASDAQ: PEP) said on Tuesday its profit and revenue came in significantly better than Wall Street estimates for the fiscal second quarter and raised its guidance for full-year earnings. Shares of the company jumped a little under 3% on Tuesday morning to hit a record $153.70. Financial…

The COVID-19 pandemic had a disproportionate impact on the restaurant industry as national chains with advanced digital platforms were able to quickly adapt to the health crisis. But independent mom-and-pop restaurants were left in a difficult position, especially those with a business model that relied on in-door dining to remain…

Instacart said on Thursday its founder Apoorva Mehta has decided to step down as the company’s CEO. Mehta will quit the role on August 2nd and transition to executive chairman of the board. The grocery delivery firm has already hired a replacement – a well-revered Silicon Valley executive – Fidji…

McDonald’s Corp (NYSE: MCD) officially launched its long-awaited loyalty program nationwide on Thursday. After more than six decades of customers showing their loyalty towards the ‘Golden Arches,’ the fast-food giant is ready to return the favor. Customers will soon be able to use the all-new MyMcDonald’s Rewards feature located…

Meatech 3D Ltd (NASDAQ: MITC) shares jumped 3% on Tuesday after the Israel-based company said it will dedicate its research and development resources for the mass production of cultivated pork. What’s notable about the stock’s gain on Tuesday is it marks a move in the opposite direction of the Dow…

Constellation Brands Inc (NYSE: STZ) reported Wednesday fiscal first quarter results that reinforces the bullish case for owning the stock, according to RBC Capital Markets analyst Nik Modi. Path to $300 per share Following Constellation Brands’ earnings report, Modi maintained an Outperform rating on the stock with an unchanged…

McCormick & Co (NYSE: MKC) reported its financial results for the second quarter on Thursday that beat Wall Street estimates and raised its guidance for the full year. Shares of the company tanked just under 1% in premarket trading on Thursday and lost another 1% on market open. The…

Constellation Brands Inc (NYSE: STZ) said on Wednesday its first-quarter sales slightly topped Wall Street estimates. The company, however, marginally missed expectations for adjusted per-share earnings. Constellation Brand shares were about 2% up in premarket trading.   Constellation Brands’ Q1 financial results Constellation Brands reported $908.1 million of net…

Dunkin Donuts discontinued Beyond Meat Inc’s (NASDAQ: BYND) sausage products at most of its U.S. stores on Thursday. Beyond Meat shares were seen slightly under pressure in after-hours trading. The stock has jumped from $101 per share to around $150 per share in the past six weeks. Interest in…

On Tuesday, McDonald’s Corp (NYSE: MCD) said its U.S. loyalty programme will be officially launched nationwide on 8th July. McDonald’s opened at $233 per share in the stock market on Tuesday and slipped to $232 per share in the next hour. This compares to its year-to-date low of $205…

Customers can now shop for groceries at Albertsons’ countrywide stores and have them delivered to their homes on the same day as DoorDash Inc (NYSE: DASH) partnered with the American grocery chain on Monday. Albertsons’ subsidiaries, including Jewel-Osco, Vons, and Safeway, are also part of the collaboration announced on…

In recent weeks, chicken wings have been in short supply, and prices have been increasing. As a result, poplar chicken wing chain Wingstop Inc. (NASDAQ: WING) is forced to “hacking” its menu by launching crispy chicken thighs via a virtual restaurant called Thighstop, CNBC reported. Wingstop debuts Thighstop…

Beyond Meat, Inc (NASDAQ: BYND) shares have advanced from $102 above $150 since 19th May 2021, and the current price stands around $145. Fundamental analysis: Lots of positive expectations have already been included in the stock price Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes with…

Grocery giant The Kroger Co. (NYSE: KR) reported first quarter results on Thursday but management’s move to lift its full-year guidance despite looming inflation caught investor attention. Speaking on CNBC’s “Closing Bell” on Thursday, Kroger CEO Rodney McMullen said he is confident “at-home cooking” trends driven by COVID-19 lockdowns…

Constellation Brands Inc (NYSE: STZ) made headlines on Thursday as it took a minority stake in Aaron Paul and Bryan Cranston’s mezcal brand, Dos Hombres. The news comes more than a month after the Fortune 500 company reported a decline in its net income in the fiscal fourth…