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Food and Beverage Food Products


  • *Tyson forced to cut prices to clear inventory. Aug 3- Tyson Foods Inc, the biggest U.S. meat processor, cut its full-year profit forecast after posting its slowest sales growth in nine quarters as customers overseas refused to accept shipments delayed by West Coast port disruptions. During the disruptions, Asian buyers were importing meat from other countries...

  • *Tyson Foods falls after profit forecast cut. Aug 3- Wall Street was lower on the first trading day in August as oil prices touched a six-month low and data showed U.S. economy lost some momentum at the end of the second quarter. Energy stocks were the biggest losers among the main S&P sectors, with Exxon Mobil and Chevron leading the losers.

  • *Tyson Foods falls after profit forecast cut. *Diamond Offshore jumps after results handily beat expectations. Investors are also awaiting another batch of earnings reports- AIG, Allstate and General Growth Properties report after the market closes on Monday.

  • Aug 3- Tyson Foods Inc, the biggest U.S. meat processor, cut its profit forecast for the year ending September, citing export market disruptions in its beef business and high cattle costs. The Springdale, Arkansas- based company said on Monday it now expects full-year adjusted earnings of $3.10- $3.20 per share, down from its previous forecast of $3.30- $3.40.

  • Aug 3- Tyson Foods Inc, the biggest U.S. meat processor, warned it may not be able to achieve its profit forecast for the year ending September due to export disruptions in its beef business and high cattle costs. The company had previously forecast full-year profit of $3.30- $3.40 per share. Net income attributable to the company rose to $343 million, or 83 cents per...

  • Tyson Foods dropped after cutting its earnings outlook for the year. ENERGY: Benchmark U.S. crude shed $1.95 to $45.17 a barrel on the New York Mercantile Exchange, its lowest price in more than four months. "There was this expectation that would translate into other areas, such as stronger consumer spending, and stronger earnings," said Jennifer Ellison, a...

  • Venezuela troops occupy Polar, Nestle food warehouses Thursday, 30 Jul 2015 | 10:12 PM ET
    A bank note with the face of Venezuela's President Nicolas Maduro and the word "devaluated" at a market in Caracas.

    Venezuelan troops occupied warehouses used by Empresas Polar and Nestle to distribute food and beverages, workers and company officials said.

  • CARACAS, Venezuela— Venezuela's largest food distributor on Thursday denounced the government occupation of a Caracas warehouse amid accusations that the company is hoarding goods. Soldiers took over the warehouse complex used by Empresas Polar late Wednesday just as Venezuela's federation of brewers announced that Polar's beer manufacturing...

  • Mike Foley will travel to Japan in September for back-to-back missions to promote foreign trade and investment, the governor announced Thursday. Foley will lead a delegation Sept. 9-11 to promote Nebraska's beef and pork products in the country, which is Nebraska's largest export partner. Ricketts said the Japan continues to be one of Nebraska's top export...

  • Whole Foods down sharply Thursday, 30 Jul 2015 | 10:39 AM ET
    Whole Foods down sharply

    Shares of Whole Foods are down 11 percent after quarterly earnings. Meredith Adler, Barclays analyst, cut her price target to $35 per share on the stock.

  • Mondelez tops Street 2Q forecasts Thursday, 30 Jul 2015 | 8:09 AM ET

    DEERFIELD, Ill.— Shares of Mondelez International Inc. jumped Thursday after the snack maker reported better-than-expected earnings for the second quarter due to reduced expenses. Mondelez reported net income of $406 million, or 25 cents per share, for the three months ended June 30 compared with $622 million, or 36 cents per share, in the prior-year period.

  • Bunge misses 2Q profit forecasts Thursday, 30 Jul 2015 | 7:12 AM ET

    WHITE PLAINS, N.Y. _ Bunge Ltd. on Thursday reported second-quarter earnings of $86 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Panera says restaurant sales heating up, shares pop Tuesday, 28 Jul 2015 | 5:19 PM ET

    July 28- Panera Bread Co said on Tuesday that sales at established company-operated restaurants have accelerated in the current quarter, sending shares up 7 percent to $200 in extended trading. Sales at company-owned bakery cafes open at least 18 months were up 2.4 percent in the second quarter, roughly in line with what analysts expected.

  • DES MOINES, Iowa— The U.S. government expects to spend $191 million to pay chicken and turkey farmers for birds lost to avian flu, Agriculture Secretary Tom Vilsack said Tuesday as he called for Congress to consider a disaster program for poultry producers similar to that for other livestock farmers. Iowa, Minnesota and Missouri lost the most birds.

  • Del Monte posts 2Q profit Tuesday, 28 Jul 2015 | 8:09 AM ET

    CORAL GABLES, Fla. _ Fresh Del Monte Produce Inc. on Tuesday reported second-quarter earnings of $64.5 million. The Coral Gables, Florida- based company said it had net income of $1.21 per share. Keywords: Fresh Del Monte Produce, Earnings Report.

  • J&J Snack Foods posts 3Q profit Monday, 27 Jul 2015 | 4:07 PM ET

    PENNSAUKEN, N.J. _ J&J Snack Foods Corp. on Monday reported fiscal third-quarter net income of $24.5 million. J&J Snack Foods shares have increased nearly 2 percent since the beginning of the year. Keywords: J&J Snack Foods, Earnings Report.

  • *Burger King comp sales up 6.7 pct; Tim Hortons' 5.5 pct. July 27- Restaurant Brands International Inc, formed out of Burger King's takeover of Canadian coffee chain Tim Hortons last year, reported a better-than-expected quarterly profit as new menu items helped attract customers. "I think has been more innovative with their new product offerings than McDonald's...

  • July 27- Restaurant Brands International Inc, the company formed out of Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons last year, reported a profit for the second quarter, compared with a loss in the first three months of the year, as same-restaurant sales rose. The company, posting second-quarter results for the first time, reported a...

  • NEW YORK— New York's Wage Board on Monday finalized its recommendation endorsing a $15 minimum wage for fast-food workers in chain restaurants. It would be phased in over three years in New York City and six years elsewhere. The first phase of the increase would take effect on Dec. 31, when the minimum wage for affected workers would go from $8.75 to $10.50 in New...

  • NEW YORK— Five days before he was to start college, Fred Maahs' world turned upside down. Off the Delaware coast in 1980, on the last day of summer vacation, the 18- year-old took a dive from his family's boat into an unseen sandbar barely a foot below the surface, sustaining injuries that paralyzed him from the chest down. Some 2,000 people with disabilities— elated...