food

Overview Today, we got the September Consumer Price Index (CPI) report which showed an overall increase of 3.2% in the last year and 0.0% vs last month. This was below expectations of 3.3% for the year and 0.1% for the month. The Core CPI which excludes food and energy was up 4.0% for the last year...

Blue Apron Holdings, Inc (NASDAQ: APRN) reported a third-quarter FY23 sales decline of 9.9% year-on-year to $98.8 million, beating the consensus of $97.6 million. EPS loss of $(1.34), up from $(8.93) Y/Y, beat the consensus loss of $(1.99). Orders fell 20.2% Y/Y, while the average order...

Chipotle Mexican Grill, Inc. (NYSE: CMG) shares continued to climb in early trading on Friday, after adding more than 5% in Thursday’s extended trading session on third-quarter earnings. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings...

The Simply Good Foods Co.'s (NASDAQ: SMPL) fourth-quarter FY23 sales increased 16.9% year-over-year to $320.418 million, marginally missing the consensus of $320.77 million.  Adjusted EPS of $0.45 came in line with the consensus. Gross profit was $120.5 million for the fourth...

Nestle SA (OTCPK: NSRGY) reported a nine-month FY23 revenue decline of 0.4% Y/Y to CHF 68.8 billion (US$76.7 billion), with a negative impact of foreign currency translations of 7.4% and acquisitions of 0.8%. Organic revenue grew 7.8% Y/Y, with pricing of 8.4% (below the average...

Stocks in the food and beverage industry experienced their most challenging week since May 2022, further extending the declines seen in the preceding weeks. The First Trust Nasdaq Food & Beverage ETF (NYSE:FTXG) plummeted by over 5% this week, marking its third consecutive week of losses and...

The prices of many food items have soared over the past several years, making it more costly for consumers to make their grocery trips as they deal with the impact of higher inflation. Among the items that saw a sharp rise in price were eggs, which also became the subject of memes and calls for...

Cal-Maine Foods, Inc. (NASDAQ: CALM) shares were trading lower in Tuesday's after-hours session after the company reported worse-than-expected first-quarter sales results. What To Know: Cal-Maine Foods posted earnings results of two cents per share, missing by 55 cents and revenue of $459....

This piece was originally published on September 13th, 2023 at Deep Knowledge Investing. Overview  Today, we got the August Consumer Price Index (CPI) report. It showed an overall increase of 3.7% in the last year and .6% vs last month. This above expectations of 3.6% and an acceleration over...

Fiona Afshar has a recipe for success. That is, she makes close to $130,000 per year making pasta in her kitchen.  What To Know: Afshar turned her lifelong passion into a career. Now she makes more than $10,000 a month selling pasta from her California home, according to a CNBC...

When you bake a cookie you probably want it full of chocolate chips, not wood chips. Nestlé ADR (OTCMKTS: NSRGY) announced a voluntary recall of its Nestlé Toll House Chocolate Chip Cookie Dough “break and bake” bar, according to a company press release. The...

Beyond Meat Inc (NASDAQ: BYND) shares are trading lower Monday ahead of the company's quarterly results. Here's a look at what to expect from the plant-based meats company after the bell. Q2 Earnings Preview: Beyond Meat is expected to report a second-quarter loss of 81 cents per...

Oatly Group AB (NASDAQ: OTLY) reported second-quarter FY23 sales growth of 10.13% year-on-year to $195.99 million, missing the consensus of $209.67 million. The increase was primarily driven by price increases implemented in EMEA primarily during the first quarter of 2023 and...

Since launching the Mark Cuban Cost Plus Drug Company in 2022, entrepreneur and NBA team owner Mark Cuban has been on a mission to lower the cost of medicines for consumers. What Happened: Cuban started by tackling the market for generic drugs first, then over time began partnering with...

The U.S. consumer price index (CPI) inflation decelerated more than predicted in June, increasing investor conviction that the Fed may decide for only one more rate hike and then halt its tightening cycle. The annual inflation rate in the United States dropped from 4% in May to 3% in June,...