Latest news with #Foods
Time of India
15-05-2025
- Business
- Time of India
Patanjali Foods Q4 Results: Profit shoots up 74% to Rs 358 crore
Patanjali Foods Ltd witnessed a significant surge in profitability, reporting a 74% increase in standalone net profit, reaching Rs 358.53 crore for the quarter ending March 2025. The company's total income also experienced substantial growth, climbing to Rs 9,744.73 crore during the same period, driven by strong performance across its edible oil and FMCG segments. Tired of too many ads? Remove Ads New Delhi, Patanjali Foods Ltd on Thursday reported a 74 per cent increase in its standalone net profit at Rs 358.53 crore in the quarter ended March 2025. Its net profit stood at Rs 206.31 crore in the year-ago income rose to Rs 9,744.73 crore in the fourth quarter of the last fiscal year from Rs 8,348.02 crore in the corresponding period of the preceding year, according to a regulatory 2024-25, the company's net profit increased to Rs 1,301.34 crore from Rs 765.15 crore in the preceding income grew to Rs 34,289.40 crore last fiscal from Rs 31,961.62 crore in 2023-24 financial Foods is mainly into edible oil in 1986, Patanjali Foods is also present in food & FMCG, home and personal care, and wind power generation segments. It sells products under various brands including Patanjali, Ruchi Gold, Nutrela, Dant Kanti etc.
Yahoo
05-05-2025
- Business
- Yahoo
Tyson Stock Slumps as Sales Miss Estimates, Outlook Disappoints
Tyson Foods shares plunged Monday after the meat producer posted quarterly sales that missed analysts' expectations and its outlook disappointed. Sales volumes for nearly all types of protein except for chicken fell year-over-year, the company said. The Arkansas-based business said it expects 2025 sales to remain flat or rise 1% from 2024, mostly below analysts' Foods (TSN) shares plunged Monday after the meat producer posted quarterly sales that missed analysts' expectations and its outlook disappointed. Tyson reported $13.1 billion in sales during the second quarter, roughly in line with its performance a year earlier and slightly below the consensus estimate compiled by VisibleAlpha. Sales volumes for nearly all types of protein except for chicken fell year-over-year, as prices rose for most categories. Executives said on the company's earnings call that sales would have grown as expected if not for the roughly $340 million Tyson set aside to cover an antitrust investigation settlement related to allegations of price-fixing in the pork industry, according to a filing with the Securities and Exchange Commission. Tyson's adjusted earnings per share of $0.92 rose from $0.62 a year ago, topping analysts' projections. The Arkansas-based company said it expects sales for the full fiscal year to come in flat to up 1% from 2024. Analysts were looking for about 0.8% growth, near the higher end of that range, according to Visible shares were down 8% in recent trading, dragging them into negative territory for the year. Read the original article on Investopedia
Yahoo
29-04-2025
- Business
- Yahoo
Tariffs Mean Pork Producer Smithfield Has Had to 'Pivot' Away From China
Smithfield Foods, a Virginia-based company, said selling pork to customers in China isn't feasible because of tariffs. China is imposing a 125% tariff on goods from the U.S. in response to America's 145% tax on imports from China. Smithfield believes there will be demand for the pork that may have gone to China in other foreign markets, executives Foods, a Virginia-based pork producer, said selling meat in China is no longer viable due to the country's tariffs on American exports. Sales to Chinese customers accounted for about 3% of Smithfield's (SFD) sales in 2024, CEO Shane Smith said on a earnings conference call Tuesday. Still, the company released an upbeat outlook for 2025 because it believes there will be demand for these exports in other markets. China imposed a 125% tariff on American products in April, a response to the White House announcing a 145% tax on goods imported from China. 'With China no longer essentially being available, we've really had to pivot our business,' Smith said, according to a transcript made available by AlphaSense. 'While it's important, we do believe we have other options.' Smithfield executives expect there to be ample demand for pork that may have gone to China in the roughly 30 other markets where it exports. The company anticipates sales increasing year-over-year in the low- to mid-single digit percent range in 2025, CFO Mark Hall said. Still, the company acknowledged the possibility that tariffs will have side effects. In its 2024 annual report, it said that tariffs on pork exports could lead to higher domestic supply levels that weigh on prices. Besides focusing on other markets, Smithfield aims to bolster earnings by increasing its sales of its more profitable products, such as lunch meats and dry sausages, said Steven France, president of packaged meats. Smithfield reported $3.8 billion in sales for the quarter ended March 30, up 9.5% from the same period last year, according to its earnings report. Net income attributable to Smithfield increased more than 40% year-over-year to $224 million, the filing said. The stock rose nearly 9% on Tuesday, leaving it up about 3% this year despite a jagged run for the shares. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
26-04-2025
- General
- Yahoo
City of Sioux City plants 3 trees in honor of Arbor Day
SIOUX CITY, Iowa (KCAU) – The first Arbor Day was held on April 10, 1872 in Nebraska. In 1885, Nebraska declared Arbor Day as a legal holiday. Now, Arbor Day is a national holiday celebrated every year on the last Friday in April. In honor of Arbor Day, the City of Sioux City planted three trees to the west of the Seaboard Triumph Foods Expo Center. The three trees planted are Autumn Brilliance Serviceberries, which grow to about 20-25 feet high and have large white flowers in the spring. Sioux City Police Department receives first-ever therapy dog 'It's said that you plant for the next generation,' said Kelly Bach with the Sioux City Parks and Recreation Department. 'So thinking about down the road for our children and grandchildren to have trees to enjoy, to reap the benefits, the benefits of oxygen, carbon dioxide, providing reduced heating costs, which also provides less energy usage to do those cooling costs. So it's just looking forward into our future.' According to Bach, it will take about 20 years for these trees to fully grow. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
25-03-2025
- Business
- Yahoo
Smithfield Foods Stock Rises on Addition to Russell 1000 Index
Smithfield Foods shares rose Monday after it was announced that the pork producer has been added to the Russell 1000 Index. The change went into effect after the bell Friday, as Smithfield's January IPO gave it a large enough market capitalization to be included. The meat packer is set to report its first quarterly earnings since the IPO on Foods (SFD) stock rose Monday after the pork producer announced that it had been added to the Russell 1000 Index. Smithfield officially joined the index after the bell Friday as part of its quarterly addition of eligible recent initial public offerings (IPOs). Smithfield went public in January, returning to the markets for the first time since it was taken private by China's WH Group in 2013. The Russell 1000 Index, part of the larger Russell 3000 Index, tracks the 1,000 companies with the largest market capitalizations in the U.S. markets. "Being part of the Russell 1000 will help increase our visibility among institutional investors and help solidify our position as a leader in the consumer staples sector," Smithfield CEO Shane Smith said in a statement. The pork producer is set to provide its first quarterly earnings report since becoming a public company again before the market opens Tuesday. In a regulatory filing ahead of its January IPO, the company said it expected to report net income of $195 million to $223 million on sales of $3.87 billion to $3.95 billion for the three months ended Dec. 29, compared with a net loss of $131 million on $4.00 billion in sales a year earlier. Smithfield shares were up more than 3% Monday, just above where they ended their first day of trading. Read the original article on Investopedia Sign in to access your portfolio
