Food & Beverage news

Today, in its eagerly-anticipated market debut, food delivery company Deliveroo listed on the London Stock Exchange via an IPO, and it will trade with the ticker (LON: ROO). Deliveroo has recently been hailed a ‘British tech success’ by Chancellor of the Exchequer, Rishi…

Deliveroo Holdings plc (LON: ROO) shares posted a steep decline of roughly 30% compared to the IPO (Initial Public Offering) price as the food delivery company debuted on the London Stock Exchange on Wednesday. The per-share price tag of 390 pence valued the company at £7.6 billion. On Wednesday,…

McCormick & Co. Inc. (NYSE: MKC) reported its financial results for the fiscal first quarter on Tuesday that beat Wall Street estimates. McCormick shares that you can conveniently trade online via a range of user-friendly apps were reported just under 3% up in premarket trading on Tuesday. Including…

A.G. Barr plc (LON: BAG) said on Tuesday that its full-year profit posted a 30.5% decline amidst the ongoing Coronavirus pandemic that weighed on demand. As the health emergency pushed the countrywide pubs into temporarily shutting down, the Cumbernauld-based company saw a sharp decline in sales. The ongoing COVID-19…

Cal-Maine Foods Inc. (NASDAQ: CALM) said on Monday that its sales came in weaker than expected in the fiscal third quarter. The company, however, beat Wall Street estimates for profit in Q3. Cal-Maine shares that you can learn to buy online here jumped roughly 2.5% on market open…

Darden Restaurants Inc. (NYSE: DRI) reported its financial results for the fiscal third quarter on Thursday that beat Wall Street estimates despite the COVID-19 restrictions. Darden Restaurant shares were reported about 4% up in premarket trading on Thursday. Including the price action, the stock is now exchanging hands at…

J.D. Wetherspoon plc (LON: JDW) said on Friday that it concluded the fiscal first half with a pre-tax loss due to the ongoing COVID-19 crisis that weighed on its revenue. The Coronavirus pandemic has so far infected more than 4.2 million people in the United Kingdom and caused a…

Greggs plc (LON: GRG) said on Tuesday that it swung to an annual loss in 2020 due to the COVID-19 restrictions. The company, however, expressed confidence that its year-to-date performance in the current fiscal year has been better than expected. Greggs shares were reported about 2% up in premarket…

In an announcement on Monday, Danone SA (EPA: BN) said that Emmanuel Faber will exit the role as the CEO and chairman of the company after excessive pressure from shareholders. Danone shares that you can learn to buy online here jumped close to 5% in premarket trading on…

Campbell Soup Co. (NYSE: CPB) said on Wednesday that its sales in the fiscal second quarter fell shy of Wall Street estimates. The company, however, posted adjusted per-share earnings that were in line with what the analysts had anticipated.   Campbell Soup shares were reported about 2% down in…

Just Eat Takeaway.com (AMS: TKWY) said on Wednesday that acquisition and integration costs resulted in a wider net loss last year. The company, however, expressed confidence that orders are likely to see a sharp growth in 2021, amidst the ongoing Coronavirus pandemic that continues to restrict people to their…

Del Taco Restaurants Inc. (NASDAQ: TACO) published its earnings report for the fiscal fourth quarter on Monday that came in better than Wall Street estimates, despite the ongoing Coronavirus pandemic that continues to weigh on the U.S. hospitality sector.   Del Taco shares initially jumped roughly 4% in extended…

Deliveroo announced plans of an initial public offering on Monday after expressing confidence that its business saw significant growth last year amidst the Coronavirus pandemic that restricted people to their homes. The food delivery company, however, still concluded 2020 with a loss. The novel flu-like virus has so far…

Wendy’s Co. (NASDAQ: WEN) published its financial results for the fiscal fourth quarter on Wednesday that fell shy of Wall Street estimates. The company attributed its dovish performance to the COVID-19 crisis that continues to weigh on the fast-food chains.   Wendy’s shares tanked 4% in premarket trading on…

Nestle SA (ETR: NESR) said on Thursday that its net profit in 2020 saw a decline amidst the ongoing Coronavirus pandemic. Sales, the company added, still increased organically last year. Nestle also expressed confidence on Thursday that its organic growth and profitability will sustain pace in the upcoming months.

The epic short-covering fiasco that lifted shares of GameStop Corp. (NYSE: GME) appears to have come to an end for the time being and investors and traders are looking for the next stock to go through a wild wide to the upside. One options pro thinks this could happen…

Mitchells & Butlers plc (LON: MAB) expressed plans of an open offer to raise £350 million on Monday in a bid to cushion the economic impact from the ongoing Coronavirus pandemic. The 210 pence per share offer translates to a 36% discount on the price at which the FTSE…

Restaurant Brands International Inc. (TSE: QSR) published its earnings report for the fiscal fourth quarter on Thursday that came in weaker than what analysts had anticipated. The company attributed its dovish performance to the resurgence in COVID-19 cases that restricted people from visiting its popular brands like Popeye’s and…

Tyson Foods Inc. (NYSE: TSN) said on Thursday that its revenue fell shy of Wall Street estimates in the fiscal first quarter. The company’s adjusted per-share earnings, however, came in better than expected. Tyson Foods shares were reported less than 1% down in premarket trading on Thursday. The stock…

PepsiCo Inc. (NASDAQ: PEP) reported its financial results for the fiscal fourth quarter on Thursday that topped analysts’ estimates for earnings and revenue. On the back of hawkish quarterly performance, the company also raised its dividend on Thursday. PepsiCo remained almost flat in premarket trading on Thursday. At £99.35,…

The Coca-Cola Company (NYSE: KO) published its earnings report for the fiscal fourth quarter on Wednesday that came in better than what analysts had anticipated. The beverage giant acknowledged the impact of a resurgence in COVID-19 cases in December and early January.   The ongoing health emergency has so…

Yum Brands Inc. (NYSE: YUM) reported its financial results for the fiscal fourth quarter on Thursday that topped Wall Street estimates despite the ongoing Coronavirus pandemic that has so far infected more than 105 million people worldwide and caused over 2.2 million deaths. Yum Brands shares jumped more than…