Tyson Foods (TSN. US) said Tuesday that it will close two U.S. chicken plants on May 12, involving nearly 1,700 employees combined. The closures of those plants show that the nation’s largest meat company is still grappling with how to improve its chicken business, which has struggled for years. According to a statement, Tyson Foods … Read more
Morgan Stanley: Raised its price target on The Kroger Co. (NYSE:KR) to $49 from $46.
Evercore ISI: Raised The Kroger Co. (NYSE:KR) price target to $57 from $54。
UBS upgraded Procter & Gamble (NYSE:PG) to “buy” with a price target of $163。
Beyond Meat(NASDAQ:BYND) reported its Q4 adjusted loss narrowed to $1.05 per diluted share, Analysts polled by Capital IQ expected a loss of $1.20. Revenue for the quarter ended Dec. 31 was $79.9 million, Analysts polled by Capital IQ expected $75.8 million. The company said it expects full-year 2023 revenue of $375 million to $415 million. … Read more
February 23, 2023 —Beyond Meat, Inc. (NASDAQ: BYND) a leader in plant-based meat, today reported financial results for its fourth quarter and full year ended December 31, 2022. Beyond Meat(NASDAQ:BYND) reported late Thursday that its Q4 adjusted loss narrowed to $1.05 per diluted share,Analysts polled by Capital IQ expected a loss of $1.20. Revenue for … Read more
Coca-Cola (NYSE:KO) reported Q4 non-GAAP earnings Tuesday of $0.45 per diluted share, Analysts polled by Capital IQ expected $0.45. Revenue for the quarter ended Dec. 31 was $10.13 billion, Analysts polled by Capital IQ expected $9.92 billion. The company said it expects non-GAAP earnings for full year 2023 to grow 4% to 5%. Analysts polled … Read more
Coca-Cola (NYSE:KO) Releases Fourth Quarter and Full Year 2022 Financial Results: In the fourth quarter of 2022, the company’s net revenue was $10.1 billion, up 7% year-over-year; Earnings per share were $0.47, down 16% year-over-year. For the full year 2022, the company’s net revenue was $43 billion, up 11% year-over-year; Earnings per share were $2.19, … Read more
Credit Suisse: Raised its price target on Pepsico, Inc. (NASDAQ:PEP) to $182 from $175.
Bank of America: Lowered its price target on Tyson Foods, Inc. (NYSE:TSN) to $56 from $62, underperforming the market.