New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 8, 2014
20:58 EDTPPC, TSN, PF, HSHTyson said to win 'bidding war' for Hillshire, Bloomberg says
According to sources, Tyson Foods (TSN) has won the "bidding war" with Pilgrim's Pride (PPC) to acquire Hillshire Brands (HSH), says Bloomberg. The decision on the deal was made this weekend and will end Hillshire's own earlier arrangement to acquire Pinnacle Foods (PF), added Bloomberg. Reference Link
News For HSH;TSN;PPC;PF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 24, 2015
07:21 EDTPFPinnacle Foods sees FY15 adjusted EPS $1.86-$1.91, consensus $1.91
Sees FY15 input cost inflation estimated at 3%-3.5%; Sees FY15 productivity estimated at range of 3%-4%. Sees FY15 effective tax rate of 38%.
07:20 EDTPFPinnacle Foods reports Q4 Birds Eye Frozen sales up 4.9% to $317.4M
Reports Q4 Duncan Hines Grocery down 3% to $305.4M; Reports Q4 Specialty Foods sales down 10.3% to $82.6M.
07:20 EDTPFPinnacle Foods reports Q4 EPS excl items 64c, consensus 64c
Reports Q4 revenue $705.3M, consensus $718.35M. North America Retail net sales increased 0.9% to $622.7 million in Q4.
February 19, 2015
14:38 EDTPPC, TSNGovernment panel continues to recommend lean meat, Bloomberg says
Subscribe for More Information
February 12, 2015
17:52 EDTTSNConAgra, Campbell drop after lowering yearly view on FX headwinds
Shares of food product companies ConAgra Food (CAG) and Campbell Soup Company (CPB) are trading lower in extended trading after both companies issued profit warnings as a result of currency headwinds. WHAT'S NEW: After the closing bell, ConAgra said it sees third quarter earnings per share 10c below the 62c it earned in the same quarter last year. Consensus estimates for ConAgra's Q3 EPS are currently 61c. The company also lowered its EPS view for 2015 to $2.13-$2.18 against consensus estimates of $2.26. The company said, "A strengthening dollar has negatively impacted the EPS outlook, as has a higher-than-planned mark-to-market loss from certain commodity index hedges as discussed in the company’s fiscal second-quarter earnings release. Two operating issues account for the majority of the change in EPS expectations: Profitability for the Private Brands segment is weaker than planned due to a highly competitive bidding environment, as well as execution shortfalls, which together have negatively impacted recent results and near-term expectations for volumes, pricing, and margins.The ongoing longshoremen labor dispute on the U.S. West Coast has continued longer than the company expected, which has negatively impacted exports of Lamb Weston potato products to international markets." Another food company, Campbell Soup Company, lowered its second quarter and full year 2015 guidance after the closing bell. Campbell's gave second quarter EPS guidance of 65c-66c, which was below consensus estimates, and added that net sales for Q2 will decline by approximately 2%, reflecting the negative impact of currency translation. The company estimates that Q2 adjusted EBIT will decline by approximately 17%, due primarily to lower gross margin performance and the negative impact of currency translation. Campbell lowered its FY15 EPS view to $2.32-$2.38 against a consensus estimate of $2.45. PRICE ACTION: Campbell Soup Company is trading lower by 4.2% to $45.70 in extended trading while ConAgra shares are 2.75% lower to $35.42. OTHERS TO WATCH: Other food product companies include General Mills (GIS), Kraft Foods Group (KRFT), Mondelez International (MDLZ), Tyson Foods (TSN), Dean Foods (DF), The WhiteWave Foods Company (WWAV), and J M Smucker (SJM).
16:34 EDTTSNConAgra announces Sean Connolly as new CEO
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use