food

A Mississippi seafood distributor and two company managers pleaded guilty on Tuesday to conspiring with others to mislabel seafood and to commit wire fraud by marketing inexpensive and frozen imported substitutes as more expensive and premium local species. Quality Poultry and Seafood Inc. (QPS),...

During this quarter's earnings cycle, many companies have warned of cautious consumers due to high and persistent inflation. And it's not just big-ticket items such as cars and furniture on which consumers are cutting back. J M Smucker Co (NYSE:SJM), the parent company of Smucker's jelly and jams,...

The food industry is ripe for consolidation now that the Federal Reserve is expected to cut interest rates in September. According to Kevin Dreyer, co-CIO of Value at Gabelli Funds, lower rates generally stimulate M&A activity. "One thing to note is that, as rates come down, that tends to lead...

Billionaire hedge fund manager Bill Ackman strategically reduced his stake in Chipotle Mexican Grill Inc. (NYSE:CMG) just before the restaurant chain's recent stock selloff and CEO departure. Ackman’s move comes at a critical juncture, suggesting his knowledge of Chipotle’s business...

Today, we got the July Consumer Price Index (CPI) report which showed an overall increase of 2.9% for the last year and 0.2% for the month. That’s below last month’s 3.0% and expectations of 3.0%. The 0.2% monthly increase was in line with the 0.2% expected, and a bigger increase vs...

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares are trading higher by 1.6% to $54.47 during Thursday’s session. The stock is rising due to overall market strength, driven by strong jobless claims data. Additionally, Chipotle last week reported second-quarter earnings. The company reported...

Beyond Meat Inc (NASDAQ:BYND) shares are crumbling in Wednesday’s after-hours session as investors digest a report suggesting the company’s liquidity position has weakened. What Happened: According to a Wall Street Journal report published after the market close on Wednesday, Beyond...

The impact of inflation on everyday items doesn’t take a vacation, and many Americans will witness rising prices during their Independence Day celebrations. A basket of products for the traditional Fourth of July cookout will reach its highest level ever recorded, according to a survey run by...

A Wells Fargo analyst ordered dozens of burritos from Chipotle Mexican Grill, Inc (NYSE:CMG) to prove a point about portion sizes amid increased attention in fast food. What Happened: A post on X relayed a study from the Wells Fargo report. There is a Wells Fargo analyst who ordered the same...

Artificial intelligence (AI) is revolutionizing the restaurant industry. The burgeoning sub-sector of the tech industry is bringing new, and personalized, customer experiences to restaurants in a once unimaginable way. From the back of the house to the front, AI is transforming operations, and...

Kroger Co (NYSE:KR) shares were rising in early trading on Tuesday. While the stock has been under pressure on fears of rising competition, the company's industry positioning "allows it to continue managing the competitive environment" with stable gross margins, according to BMO Capital Markets....

Hormel Foods Corp (NYSE:HRL) reported second-quarter fiscal 2024 sales declined 3% year-over-year to $2.887 billion, missing the consensus of $2.967 billion.  Segment Sales YoY: Retail sales declined 6.7%, Foodservice gained 5.7%, and International sales decreased 7.3%. Total Volume (lbs.)...

Did you know you can bake beautiful, tasty cakes even without an oven? It doesn't matter whether you don't have an oven or just don't want to use one, don't let that stop you from carving that beautiful cake. Whether it's for a birthday or an anniversary or you're just feeling like it, cakes make...

Whether you are a budding chef or love cooking at home, there is indeed an app for that. Whether you want to try out new recipes, or give an existing one a new spin, or get those ingredients just right for the perfect taste, you need to have one of these five must-have apps on your smartphone. 1....

DoorDash, Inc. (NASDAQ:DASH) reported its first-quarter financial results after the bell Wednesday. Here's a look at the details.  The Details: DoorDash reported quarterly losses of 6 cents per share which missed the analyst consensus estimate of losses of 4 cents by 50%. The company posted...