food

It's a rare scenario when someone conducting M&A due diligence becomes CEO of the company. But that’s exactly what happened when Mohaimina (Mina) Haque went from Tony Roma's legal advisor to overseeing the entire restaurant chain. In 2020, Tony Roma’s landed on the auction block...

McCormick & Company, Inc. (NYSE:MKC) is considering buying Sauer Brands from Falfurrias Capital Partners at a valuation of over $1 billion, Bloomberg cites familiar sources. In 2019, Falfurrias bought Sauer Brands, famous for its Duke’s mayonnaise brand. The company also...

BofA Securities analyst Peter T. Galbo reiterated an Underperform rating on Campbell’s Co. (NASDAQ:CPB), with a price target of $46. The company’s first-quarter net sales of $2.77 billion were slightly below estimates, with organic sales down 1% YoY, impacted by lower volume/mix and...

Campbell’s Company (NYSE:CPB) will release earnings results for the first quarter of fiscal 2025, on Wednesday morning, Dec. 4. Analysts expect the food company to report quarterly earnings at 87 cents per share. That’s down from 91 cents per share in the year-ago period. Campbell...

Over half of Americans — 56% — say they plan to host guests for Thanksgiving this year. With costs rising 19% from last year, consumers are feeling the pinch.  What To Know: The cost of hosting Thanksgiving dinner in 2024 is up 19% from last year with an average of $431 spent on food, drink and...

CAVA Group Inc (NYSE:CAVA) shares were climbing on Wednesday after the company reported upbeat third-quarter earnings. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. TD Cowen On Cava Group Analyst Andrew Charles maintained a Buy rating, while...

Beyond Meat Inc (NASDAQ:BYND) reported third-quarter financial results Wednesday after the bell. Here’s a rundown of the report. Q3 Earnings: Beyond Meat reported third-quarter revenue of $81.01 million, beating the consensus estimate of $80.71 million, according to Benzinga...

As Chipotle Mexican Grill, Inc. (NYSE:CMG) prepares to release its third-quarter earnings Tuesday after the market close, investors and analysts are closely watching the company's performance amid recent, robust growth and a significant leadership transition. Chipotle outperformed expectations in...

In a marked reversal, PepsiCo Inc. (NASDAQ:PEP) says it will be adding more chips to some bags in a move designed to lure consumers who have grown tired of "shrinkflation."  The Details: According to a CNN report, the largest snack manufacturer in the U.S. will fight back against the trend of...

Restaurant company Wendy's Co (NASDAQ:WEN) may have a secret weapon up its sleeve in the battle of fast food restaurants as the industry competes to win customers. What Happened: While most restaurants are focused on value menu offerings, Wendy's is turning its attention to a collaboration with one...

Real Good Food Company, Inc. (NASDAQ:RGF) shares are racing higher in extended trading Thursday after the company announced debt refinancing transactions with PMC Financial Services and Emblem Investment Fund for a $60 million new term loan. The Details: The company said it will apply $8 million of...

Content creators MrBeast, Logan Paul and KSI have teamed up on a new food company called Lunchly that is taking on the well-known ready-to-eat Lunchables brand. What Happened: Food giant Kraft Heinz Co (NYSE:KHC) may have trouble ahead for its Lunchables brand with Lunchly now in direct competition...

Calavo Growers, Inc. (NASDAQ:CVGW) shares are climbing after the company reported its third-quarter financial results after Monday's closing bell. Here's a look at the details from the report.  The Details: Calavo Growers reported quarterly earnings of 57 cents per share, which beat the...

Restaurant company Red Lobster is nearing an exit from Chapter 11 bankruptcy, which was announced earlier this year. What Happened: News of Red Lobster declaring bankruptcy prompted a mix of memories from consumers who had visited the restaurants over the year, including the world's richest...

Thanks to a 25-year pizza veteran, the Tesla Inc (NASDAQ:TSLA) Cybertruck can now add food truck to the list of use cases for the electric pickup truck that began customer deliveries in November 2023.   What Happened: The Cybertruck was unveiled by Tesla CEO Elon Musk in 2019 and faced several...