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The Latest Breaking News from Foodservice

Was Hormel’s Q2 Earnings Report the Turnaround Investors Needed?

Hormel Foods beat Q2 fiscal 2026 EPS estimates with 40 cents adjusted, up 14% year-over-year, as all three segments posted profit growth and organic sales rose 3%.

Hormel Foods Q2 Earnings Call Highlights

Hormel Foods (NYSE:HRL) said its fiscal second-quarter results exceeded internal expectations, driven by organic sales growth across all three operating segments, improved margins and stronger manufacturing performance, particularly in turkey operations. Interim Chief Executive Officer Jeff Ettinge

Performance Food Group Gains From Brand Expansion And Foodservice Momentum

Performance Food Group Company (NYSE:PFGC) shares are trading higher on Wednesday.

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Is Conagra Brands Stock Underperforming the Nasdaq?

Conagra Brands has continued to underperform the Nasdaq Composite over the past several years and analysts remain cautious about the stock’s prospects.

Why Performance Food Group Shares Are Sliding Today

Performance Food Group Co (NYSE:PFGC) reported third-quarter FY22 sales growth of 81.6% year-on-year to $13.08 billion, marginally missing the consensus of $13.09 billion. Total case volume grew 35% Y/Y. Net sales for Foodservice increased 27.3% to $6.6 billion, and Vistar increased 51.1% to $892.2 million. Convenience net sales increased 292.9% to $5.6 billion,…

Lamb Weston Stock Pops On Q3 Earnings Beat

Lamb Weston Holdings Inc (NYSE:LW) reported third-quarter FY22 sales growth of 7% year-on-year to $955 million, missing the consensus of $968.52 million. Volume declined 5%, reflecting lower export volume and lower shipments to retail channels. Net sales from the Global segment rose 2% Y/Y, Foodservice increased 34%, and the Retail segment declined 12%.…

Performance Food Stock Rallies On 87% Revenue Growth In Q2, Solid Outlook

Performance Food Group Co (NYSE:PFGC) reported second-quarter FY21 sales growth of 87% year-on-year, to $12.83 billion, in line with the consensus. Total case volume grew 40% Y/Y. Net sales for Foodservice increased 27.2% to $6.2 billion, Vistar increased 54.3% to $907.3 million. Operating expenses rose 62.8% to $1.2 billion. Gross profit increased 57.7%…

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