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Soup Category Remains Hot, But Will It Cool Down?
Friday, March 5, 2021 - 4:55pm | 348Read More...Prepackaged soup products were an early beneficiary of the COVID-19 pandemic and the category's momentum carried over into 2021, according to RBC Capital Markets. The Campbell Soup Company Analyst: Nik Modi maintains an Outperform rating on Campbell Soup Company's (NYSE: CPB) stock with an...
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Kroger CEO Talks 2021 Outlook: Consumers Are Loving Family Dinner Time
Friday, March 5, 2021 - 12:41pm | 383Read More...Grocery chain Kroger Co (NYSE: KR) reported Thursday morning its fourth-quarter results with management confident enough that recent trends will continue in 2021, offering it an optimistic outlook, Kroger CEO Rodney McMullen said Thursday on CNBC's "Closing Bell." Confidence...
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Red Robin To Focus On Donatos Pizza, Digital Upgrades In 2021
Friday, March 5, 2021 - 12:20pm | 353Read More...Shares of restaurant chain Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) shares were pulling back Friday after adding more than 7% in Thursday's session. The price action comes in the wake of Red Robin's announcement of a growth initiative that focuses on...
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These Traders Think Beyond Meat's Rally Is Running Out Of Steam
Thursday, March 4, 2021 - 1:26pm | 501Read More...Plant-based food maker Beyond Meat Inc (NASDAQ: BYND) could see accelerated growth after securing new partnerships with PepsiCo, Inc. (NASDAQ: PEP), Mcdonald's Corp (NYSE: MCD) and Yum! Brands, Inc. (NYSE: YUM), but two close followers of the name aren't seeing it that way. Todd Gordon:...
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Wendy's CEO Touts Breakfast And Digital Momentum
Thursday, March 4, 2021 - 10:58am | 325Read More...Fast-food chain Wendys Co (NASDAQ: WEN) placed a bet big on a new breakfast menu option, but the timing of the launch coincided with the very early days of the COVID-19 pandemic. Nearly one year later, sales are "quite remarkable," Wendy's President and CEO Todd Penegor said on...
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Burger King UK's Menu To Be Half Plant-Based Food By 2031
Wednesday, March 3, 2021 - 10:55am | 418Read More...Burger King UK expects half of all of the choices on its menu will be plant-based within 10 years, Alasdair Murdoch, CEO of the Restaurant Brands International Inc (NYSE: QSR) brand told the UK's iNews in an interview. What Happened: Burger King UK already launched a plant-based Rebel Whopper...
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Martha Stewart Joins BurgerFi's Board: What Else Is She Up To?
Monday, March 1, 2021 - 4:08pm | 437Read More...Martha Stewart joined BurgerFi's board of directors because the company sells "some of the best burgers in the United States," the celebrity entrepreneur and TV personality said on Fox Business. Stewart's Role: BurgerFi serves 100% American Angus beef burgers with no steroids,...
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Could Pilgrim's Pride Be The Biggest Winner From McDonald's Chicken Sandwich Launch?
Thursday, February 25, 2021 - 12:18pm | 367Read More...Fast-food giant Mcdonald's Corp (NYSE: MCD) launched its new premium chicken sandwich and the biggest winner could be chicken supplier Pilgrim's Pride Corporation (NASDAQ: PPC), according to BofA Securities. The Pilgrim's Pride Analyst: Peter Galbo maintains a Buy rating on Pilgrim'...
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Domino's, Papa John's Deliver Disappointing Earnings: Here's What Happened
Thursday, February 25, 2021 - 11:05am | 598Read More...Pizza chain stocks were trading lower Thursday morning after Domino's Pizza, Inc. (NYSE: DPZ) reported a top-and-bottom line fourth quarter miss, while Papa John's Int'l, Inc. (NASDAQ: PZZA) reported mixed results. Domino's Earnings Recap: Domino's said it earned $3.46 per share...
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Chipotle, ConAgra CEOs Explain How Digital Is Necessary To Win The Food Battles
Wednesday, February 24, 2021 - 12:55pm | 481Read More...The COVID-19 pandemic may have accelerated an ongoing trend in the food and restaurant business as companies need to meet customers where they want to be met: online. Digital A 'Key Piece To The Puzzle': Casual fast-food chain Chipotle Mexican Grill, Inc. (NYSE: CMG) emphasized the...
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Exclusive: Blue Apron's CEO On Why Revenue Growth Is Sustainable 'Even Beyond COVID'
Wednesday, February 24, 2021 - 7:40am | 802Read More...Meal kit delivery company Blue Apron Holdings (NYSE: APRN) recently reported mixed fourth-quarter results. A loss of 67 cents per share fell short of the 61-cents-per-share loss expected, while revenue of $115.46 million beat estimates of $110.5 million. Following the report, Benzinga had...
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BofA Turns Bearish On Kroger Ahead Of Tough Comparisons
Tuesday, February 23, 2021 - 12:41pm | 291Read More...Grocery chain Kroger Co (NYSE: KR) faces difficult comparisons ahead and the stock's valuation could be pressured by negative identical sales in fiscal 2022. The Kroger Analyst: BofA Securities analyst Robert Ohmes downgraded Kroger's stock from Neutral to Underperform with a price...
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Online Food Ordering Company Olo Files For IPO: What We Know So Far
Tuesday, February 23, 2021 - 12:11pm | 414Read More...Online food ordering and delivery company Olo filed an S-1 document with the SEC late last week as part of its plan to raise up to $100 million in an initial public offering. About Olo: Olo provides an on-demand commerce platform for multilocation restaurant brands that enables digital...
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BMO Says Starbucks Is A 'Reopening Beneficiary,' Upgrades To Outperform
Tuesday, February 23, 2021 - 9:40am | 307Read More...Starbucks Corporation (NASDAQ: SBUX) should be considered as a "reopening beneficiary" and the coffee chain giant is well-positioned to show upside versus expectations, according to BMO Capital Markets. The Starbucks Analyst: Andrew Strelzik upgraded Starbucks from Market Perform to...
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TreeHouse Recaps 2020 And Offers 2021 Outlook At CAGNY Conference
Friday, February 19, 2021 - 5:05pm | 342Read More...The annual Consumer Analyst Group of New York (CAGNY) virtual conference continued on Thursday with TreeHouse Foods Inc. (NYSE: THS) the lone pure-play U.S.-listed food company presenting. Initiatives Success: TreeHouse said in its presentation the company saw success in its cost-savings...
