Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Third Quarter Ended October 6, 2024

Red Robin Gourmet Burgers, Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal third quarter ended October 6, 2024.

Highlights for the Third Quarter of Fiscal 2024, Compared to the Third Quarter of Fiscal 2023:

• Total revenues are $274.6 million, a decrease of $2.9 million.
• Comparable restaurant revenue(1) increased 0.6%.
• Net loss is $18.9 million, compared to...

US Foods Reports Third Quarter Fiscal Year 2024 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2024.

Third Quarter Fiscal Year 2024 Highlights

• Net sales increased 6.8% to $9.7 billion
• Total case volume increased 3.8%; independent restaurant case volume increased 4.1%
• Gross profit increased 8.1% to $1.7 billion
• Net income was $148 million
• Adjusted EBITDA increased 13.2% to $455 million
• Diluted EPS increased 60.5% to $0.61; Adjusted Diluted EPS increased 21.4% to $0.85...

Vital Farms Reports Third Quarter 2024 Financial Results and Raises Fiscal Year 2024 Outlook

Third Quarter Net Revenue of $145.0 million, up 31.3% versus Prior Year Period
Raises Fiscal Year 2024 Guidance and Reiterates Long-term Guidance
On Track to Reach $1 Billion Net Revenue Target in 2027

Vital Farms, a Certified B Corporation that offers a range of ethically produced foods nationwide, today reported financial results for its third quarter ended September 29, 2024.

Financial highlights for the third quarter ended September 29, 2024, compared to the third quarter ended September 24, 2023...

Lineage, Inc. Reports Third-Quarter 2024 Financial Results

Lineage, Inc., the world’s largest global temperature-controlled warehouse REIT, today announced its financial results for the third quarter of 2024.

Third-Quarter 2024 Highlights

• Raised $5.1 billion in gross proceeds from the Company's July 2024 IPO, marking the largest IPO of the year and largest real estate IPO of all-time
• Total revenue increased 0.5% to $1.3 billion
• Net loss of ($543) million, or ($2.44) per diluted common share
• Total NOI increased 2.1% to $439 million
• Adjusted EBITDA increased...

Burger King, KFC Owners Miss Results Estimates as Fast-Food Spending Wanes

Burger King parent Restaurant Brands and KFC owner Yum Brands missed market estimates for quarterly results on Tuesday, hit by weak demand in the United States and abroad from budget-stretched customers.

Consumers are relying on cheaper, home-cooked meals instead of eating out as fast-food prices have risen over the past year, hurting traffic across the industry.

As a result, restaurant operators have turned to aggressive promotions in an attempt to attract value-seeking customers. Burger...

Publix Reports Third Quarter 2024 Results and Stock Price

Publix’s sales for the three months ended Sept. 28, 2024 were $14.6 billion, a 4.9% increase from $14 billion in 2023. Comparable store sales for the three months ended Sept. 28, 2024 increased 3.4%. The company estimates sales for the three months ended Sept. 28, 2024 increased 0.6% due to the impact of Hurricane Helene.

Net earnings for the three months ended Sept. 28, 2024 were $1.1 billion, compared to $833 million in 2023, an increase of 31.7%. Earnings per share...

FAT Brands Inc. Reports Third Quarter 2024 Financial Results

FAT (Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”) today reported financial results for the fiscal third quarter ended September 29, 2024.

Andy Wiederhorn, Chairman of FAT Brands, said, “Over the last three years, we have expanded our brand portfolio to include 18 distinct concepts while our footprint has increased tenfold, now encompassing over 2,300 locations across more than 40 countries and 49 U.S. states or territories. We opened 22 new units during the third quarter, bringing our year-to-date openings to 71 new...

Pilgrim’s Pride Reports Third Quarter 2024 Results with $4.6 Billion in Net Sales

Pilgrim’s Pride Corporation, one of the world's largest poultry producers, reports its third quarter 2024 financial results.

Third Quarter Highlights

• Net Sales of $4.6 billion.
• Consolidated GAAP operating income margin of 11.1%.
• GAAP Net Income of $350.0 million and GAAP EPS of $1.47. Adjusted Net Income of $387.0 million or Adjusted EPS of $1.63.
• Adjusted EBITDA of $660.4 million, or a 14.4% margin.
• Our U.S. Fresh portfolio continued to improve through progress in operational excellence, strong demand, and enhanced...

Cracker Barrel Reports Fourth Quarter Fiscal 2024 Results

Cracker Barrel Old Country Store, Inc. today reported its financial results for the fourth quarter of fiscal 2024 ended August 2, 2024. In 2024, the fourth quarter and fiscal year included an additional operating week ("53rd week") compared to fiscal 2023.

Fourth Quarter Fiscal 2024 Highlights

• The Company reported total revenue of $894.4 million for the fourth quarter of fiscal 2024, representing an increase of 6.9% compared to prior year quarter total revenue of $836.7 million 
• Total revenue for the fourth quarter of fiscal 2024 includes...

G. Willi-Food International Reports the Results of Second Quarter 2024

G. Willi-Food International Ltd. (the "Company" or "Willi-Food"), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the second quarter ended June 30, 2024.

Second Quarter Fiscal Year 2024

• Sales increased by 13.5% to NIS 146.7 million (US$ 39.0 million) from NIS 129.2 million (US$ 34.4 million) in the second quarter of 2023.
• Gross profit increased by 76.2% year-over-year to NIS 45.9 million (US$ 12.2 million)...

Layne’s Chicken Fingers Reports Strong Midyear Momentum: 11% Same-Store Sales Growth 

Layne’s Chicken Fingers, the Soon to be Famous™ chicken finger franchise, continues to grow in 2024. With a focus on strategic expansion and operational excellence, Layne’s has experienced an 11% increase in same-store sales compared to the prior year and double-digit growth in customer traffic.

“Layne’s has always been committed to delivering exceptional quality and service, and these numbers reflect our dedication to maintaining that standard as we grow,” said CEO Garrett Reed. “Our decision to concentrate on opening new stores and...

Vital Farms Reports Second Quarter 2024 Financial Results and Raises Fiscal Year 2024 Guidance

Vital Farms, a Certified B Corporation that offers a range of ethically produced foods nationwide, today reported financial results for its second quarter ended June 30, 2024.

Financial highlights for the second quarter ended June 30, 2024, compared to the second quarter ended June 25, 2023, include:

• Net Revenue increased 38.5% to $147.4 million, compared to $106.4 million
• Gross Margin expanded 362 basis points to 39.1%, compared to 35.5%
• Net Income of $16.3 million, compared to $6.7...

Weis Markets Reports Second Quarter 2024 Results

Weis Markets, Inc. today reported its financial results for the 13-week second quarter and 26-week year-to-date period ended June 29, 2024.

"Our second quarter 2024 results, which were negatively impacted by the Easter holiday shift, are in line with our expectations despite an extremely challenging market environment marked by continuing customer caution," said Weis Markets, Inc. Chairman, President, and CEO Jonathan H. Weis. "During the quarter, we increased our price investments by lowering the prices on 600 high-demand dairy items as...

Pilgrim’s Pride Reports Second Quarter 2024 Results with $4.6 Billion in Net Sales 

Pilgrim’s Pride Corporation, one of the world's largest food companies, reports its second quarter 2024 financial results.

Second Quarter Highlights

• Net Sales of $4.6 billion.
• Consolidated GAAP operating income margin of 9.7%.
• GAAP Net Income of $326.5 million and GAAP EPS of $1.37. Adjusted Net Income of $398.0 million or Adjusted EPS of $1.67.
• Adjusted EBITDA of $655.9 million, or a 14.4% margin, with Adjusted EBITDA margins of 16.7% in the U.S., 7.4% in Europe, and 19.4% in Mexico...

Publix Reports Second Quarter 2024 Results and Stock Price

Publix’s sales for the three months ended June 29, 2024 were $14.5 billion, a 3.1% increase from $14.1 billion in 2023. The company estimates sales were negatively impacted by 1.1% due to the effect of the Easter holiday being in the first quarter in 2024. In 2023, the effect of the Easter holiday was in the second quarter. Comparable store sales for the three months ended June 29, 2024 increased 1.1%.

Net earnings for the three months ended June 29, 2024 were $972...