Albertsons Companies, Inc. Reports Second Quarter Fiscal 2024 Results

Albertsons Companies, Inc. (the "Company") today reported results for the second quarter of fiscal 2024, which ended September 7, 2024.

Second Quarter of Fiscal 2024 Highlights

• Identical sales increased 2.5%
• Digital sales increased 24%
• Loyalty members increased 15% to 43.0 million
• Net income of $146 million, or $0.25 per share
• Adjusted net income of $301 million, or $0.51 per share
• Adjusted EBITDA of $901 million

"In the second quarter of fiscal 2024, investments in our Customers...

ANALYSIS: Pork Exports Surged to 10-Year Highs in July

The USDA's latest pork import/export report reveals a robust trend in U.S. pork exports, reaching a decade-high volume of 566,659 thousand pounds in July 2024. This marks an 8.1% increase from the previous month and a significant 12.3% year-over-year growth.

Mexico, a key trade partner, saw a substantial increase in U.S. pork imports, with a 25.6% month-over-month and 25.9% year-over-year surge, potentially driven by HPAI restrictions impacting US poultry exports, which has since begun to ease... 

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)...

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...

Economy Still Growing, But Could be Slowing Enough for Fed to Lower Interest Rates This Year

Key elements of the economy are still growing but appear to have slowed enough to be on track for the Federal Reserve to lower interest rates later this year, National Retail Federation Chief Economist Jack Kleinhenz said today.

“The consumer environment has kept the expansion on a positive path toward a ‘soft landing’ despite high interest rates,” Kleinhenz said. “Meanwhile, inflation has not yet been fully tamed, but we are seeing progress.”

Kleinhenz’s comments came in the August issue of NRF’s Monthly...

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... 

Maersk Lifts Guidance as Red Sea Disruption and Strong Demand Continue

Danish shipping company raises full-year guidance for the third time in as many months

A.P. Moeller-Maersk raised its full-year guidance for the third time in as many months as disruptions in the Red Sea and strong container shipping demand continue.

Container operators have been forced to send their vessels on longer routes around southern Africa's Cape of Good Hope to avoid the Red Sea after Houthi rebels began attacking commercial vessels at the end of last year, creating a shortage of vessels and port bottlenecks while...

Armanino Foods Reports Highest Quarterly and Q2 YTD Sales and Profits in Company’s History

Armanino Foods of Distinction, Inc. reported its highest quarterly and Q2 YTD sales and profits ever for the second quarter ending June 30, 2024. Armanino continued its profitability streak for the 84th quarter in a row

Net sales for the second quarter of 2024 were $17,481,452 compared to $15,036,330 for the same period last year, an increase of 16%. Income before taxes for Q2 2024 was $5,113,685 compared to $2,692,706 for the same quarter in 2023, an increase of 90%...

Good Times Restaurants Reports Second Fiscal Quarter Same Store Sales

Good Times Restaurants Inc., operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that same store sales1 increased 0.9% for its Good Times brand and decreased 3.2% for its Bad Daddy’s brand compared to the same prior-year fiscal quarter and average weekly sales2 were $27,133 and $50,880 for its Good Times and Bad Daddy’s brands, respectively, for its second fiscal quarter ended March 26, 2024.

Ryan Zink, President and CEO, said “The strength of our Good Times brand is clearly evident from...