2023-01-25 12:49:00

3 Food Stocks Ready to Dish Out an Earnings Beat This Season

Logo Nasdaq
By Zacks

The earnings cycle is back and food players look fairly placed. While input cost inflation remains a hurdle, favorable demand, efficient productivity and saving measures are likely to have aided companies performances.

Companies have been benefiting from continued recovery in the foodservice channel. Traffic has been picking up at restaurants, cafes and other foodservice joints, which is favoring companies catering to them. Demand from retailers has also been above the pre-pandemic levels, thanks to increased at-home consumption.

Notably, the pandemic has made society even more aware of the importance of consuming healthy and nutritious food by cooking at home. As a result, the demand for organic and fresh food products has been high, acting as an upside for players in the natural food products industry. Increased at-home consumption has also been working well for companies offering packaged food and snacks, ready-to-cook meals, meat-based food offerings as well as confectionery and bakery items.

Continue read on nasdaq.com

Logo Nasdaq
Business / FinanceBy Mt Newswires2023-01-24 20:59:03
Consumer stocks were ending narrowly mixed during Tuesday trading following early sluggishness after 3M (MMM) announced plans to cut around 2,500 jobs,...

Logo Nasdaq
Business / FinanceBy Zacks2023-01-25 11:09:00
The fourth-quarter 2022 earnings season is gradually gaining momentum. This week is the first big one of this reporting cycle. The season will be important...

Logo Nasdaq
TechnologyBy Zacks2023-01-24 16:35:00
Earnings season picks up steam this week as over 300 companies are expected to report. Among them are some of the most popular stocks on the market as well...

Logo Nasdaq
TechnologyBy Zacks2023-01-24 19:46:00
Many semiconductor-related stocks faced adverse price action in 2022 due to oversupply and other economic forces negatively impacting business conditions....

Logo Nasdaq
Business / FinanceBy Bnk Invest2023-01-24 18:46:53
In trading on Tuesday, agriculture & farm products shares were relative leaders, up on the day by about 1.5%. Leading the group were shares of...

Logo Nasdaq
TechnologyBy Zacks2023-01-24 20:55:00
This weeks earnings will be important for investors to get a clearer picture of the outlook for many larger-cap stocks that are crucial to the broader stock...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-01-25 11:19:00
In this bear market, even posting great business results hasn't been enough to stop many companies with growth-dependent valuations from experiencing big...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-01-24 18:44:41
After a year when countless tech companies suffered significant declines in their stocks and earnings because of macroeconomic headwinds, 2023 has shown...

Business / FinanceBy Mike Calia2023-01-25 11:58:01
Key Points Microsoft offers a gloomy outlook. Inflation is cooling, but it's sticking around for consumers. Rupert Murdoch gives up his quest to reunite Fox...

Logo Nasdaq
Business / FinanceBy Mt Newswires2023-01-24 18:35:21
Consumer stocks have turned narrowly higher in Tuesday trading, with the Consumer Staples Select Sector SPDR Fund (XLP) climbing 0.3% and the Consumer...

Logo Nasdaq
Business / FinanceBy Mt Newswires2023-01-24 18:27:33
Financial stocks were moderately higher in afternoon trading, with the NYSE Financial Index rising 0.2% and the Financial Select Sector SPDR Fund (XLF) ahead...

Logo Benzinga
Business / FinanceBy Bhavik Nair2023-01-25 00:54:22
Major Wall Street indices closed mixed on Tuesday as a disparateset of corporate earnings dampened the existing euphoria over the possibility of a slowdown...

Logo Nasdaq
Business / FinanceBy Bnk Invest2023-01-24 20:03:59
The best performing sector as of midday Tuesday is the Consumer Products sector, higher by 0.5%. Within that group, PACCAR Inc. (Symbol: PCAR) and Cummins,...

Logo GlobeNewswire
EconomyPress Release2023-01-25 13:35:00
Concern regarding food safety, increase in popularity of online contract catering and food service, rise in business-related travel, an increase in the...

Logo PR Newswire
EconomyPress Release2023-01-25 05:01:00
TORONTO, Jan. 25, 2023 /CNW/ - Today McCain Foods Limited (McCain) released its Sustainability Report, underpinning its commitment to producing delicious,...

EconomyBy Ganesh Rao2023-01-25 06:12:01
In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Universal Music Group's operational headquarters in Santa Monica, California. Bing Guan |...

Logo Benzinga
Business / FinanceBy Td Ameritrade Network2023-01-24 19:08:26
(Tuesday Market Open) Rubber, meet road. After tech stocks led major indexes to one-month highs Monday, some of the most closely followed U.S. tech behemoths...

Logo EIN Presswire
EnvironmentPress Release2023-01-25 09:05:59
Productsups latest study reveals where businesses are misaligned with consumer expectations and provides actionable tips to turning complexity into advantage...

Logo PR Newswire
HealthPress Release2023-01-25 14:00:00
Sesame, which raised $27 million in Series B capital in 2022, saw unprecedented demand for its consumer health care marketplace, driving price stability for...

Logo Nasdaq
TechnologyBy Zacks2023-01-24 16:00:00
We are in the peak of the fourth-quarter earnings season and tech giants are in the spotlight this week and the next. The five biggest tech players Microsoft...