Latest news with #Jennie-O
Miami Herald
6 days ago
- Miami Herald
Old meat, mold on food and equipment at a Miami-Dade Presidente Supermarket
Deli meat that's too old, and produce and equipment with mold and roaches that took kitchen processing areas out of action caused a Miami Gardens Presidente Supermarket to fail Monday's state inspection. Before Monday, the Presidente at 18350 NW Seventh Ave. hadn't had a full inspection since July 27, 2022. And that was a re-inspection after an earlier one here, the sixth of seven of the chain grocery stores that failed inspection in June and July 2022. MORE: Old food. Dirty equipment. More Presidente stores in Miami and Broward fail inspection While state restaurant inspectors can shut down places for failing inspection, Florida Department of Agriculture and Consumer Services inspectors don't possess such temporary death penalty powers. But the inspectors of grocers, sellers of packaged foods, retail and wholesale bakeries, food processing and food storage plants can put Stop Use Orders on areas of the business and equipment. Inspectors Pedro Llanos and Kaitlyn Ford employed those powers Monday after finding this: 'Bagged chopped lettuce displayed in the produce area was found with red, mold-like substances.' Two 10-ounce bags of Fresh Express lettuce got smacked with Stop Sales. In the deli area, Jennie-O low sodium turkey breast displayed in the reach-in display cooler had been opened on July 16. Monday was Aug. 11. That's 26 days or 19 days past when the turkey should have been trashed. Stop Sale on the turkey. 'Deli meats including viking ham, turkey pastrami, old fashioned ham and mortadella were displayed inside the reach-in display cooler without date labels, and the correct date could not be determined.' Stop Sale on all that deli meat. Live roaches were seen 'on the floor next to the customer service counter near the cafeteria,' 'on the floor and walls in the dry storage room' in the back and 'on a wall behind a prep table' in the kitchen. The inspectors carpet-bombed the kitchen area with Stop Use Orders on 'all exposed food processing areas' in the kitchen and 'all processing equipment and utensils.' 'Numerous small, flying insects' were seen in the kitchen, produce, meat, seafood, cafe and product receiving areas. The handwash sink next to the produce area's three-compartment sink lacked a way to dry your hands. 'Buckets of cooked black beans stored inside the kitchen walk-in cooler were not covered.' 'Black mold-like substances' were spotted on the interior ledge inside a kitchen ice machine and the seafood area ice machine. The seafood area's ice machine was similarly defiled. Seafood area table saws in use since 8 a.m. hadn't been washed, rinsed and sanitized as of 1 p.m. That should have happened by noon as equipment should get the full cleaning treatment every four hours of use. MORE: Did your Miami Burger King 'smell like sewage' in the seating area? The reach-in coolers holding things like milk, bacon, cheese and the like needs to keep the food at or under 41 degrees to keep them from being bacteria breeding boats. Ambient temperature of the reach-in coolers next to the cafeteria: 42 to 59 degrees. Stop Use Order on a 92-foot section of the cooler. A monsoon of Stop Sales took out butter, cheese, yogurt, plant milk, milk, sausage, bacon, hot dogs and salted fish. Bean sprouts in the reach-in produce cooler got hit, too. Back in the kitchen, the drainboards weren't 'large enough to accommodate all soiled items.' No one apparently took a wet wiping cloth — one from the sanitizing solution, not the one sitting on a prep table — to the ice machine, ovens and door jambs on the hot holding unit, all dirtied with 'heavy grease and soil buildup.' Also, there were 'soil and debris on shelves, under prep tables, the stove, and ovens.' Not only was the seafood area handwash sink faucet 'leaking and in disrepair' but the plumbing to the three-compartment sink wasn't connected, so it was 'draining directly on the floor.' The backroom area, the produce area and the kitchen area all were marred with a 'heavy accumulation of soil and debris on floor and walls in dry storage room' of the backroom area, the kitchen floor, walls and ceiling and the produce area floor and walls. The backroom area also had 'deep holes in walls and the floor next to the bakery cooler; near the entrance door adjacent to seafood area; at the produce area entrance; at the produce cooler; and in the dry storage room.' Also, 'stained and missing ceiling tiles throughout the area.' The kitchen, meat and seafood areas had 'deep holes in the walls and the floor.'
Yahoo
29-05-2025
- Business
- Yahoo
Hormel Foods Q2 Earnings Meet Estimates, Sales Increase Y/Y
Hormel Foods Corporation HRL reported second-quarter fiscal 2025 results. The bottom line declined year over year and met the Zacks Consensus Estimate, while the top line improved and missed the same. Hormel Foods posted adjusted earnings of 35 cents per share, which were in line with the Zacks Consensus Estimate. The bottom line decreased from 38 cents reported in the year-ago quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Hormel Foods Corporation price-consensus-eps-surprise-chart | Hormel Foods Corporation Quote Net sales of $2,898.8 million increased 0.4% from $2,887.4 million in the year-ago quarter. However, the metric missed the consensus mark of $2,905 million. Volumes declined 5.7% in the reported quarter. Hormel Foods' gross profit was $484.4 million, down from $503.8 million reported in the year-ago selling, general and administrative expenses were $237.7 million for the quarter, a decrease from $244.9 million in the year-ago operating income was $264.9 million, a decrease from $275.9 million in the same quarter last year. Adjusted operating margin was 9.1%, down from 9.6% reported in the year-ago quarter. Net sales in the Retail unit decreased 0.3% year over year to $1,783.8 million, with volumes falling 6.6%. High single-digit growth in Mexican portfolio and value-added turkey products was largely offset by the timing of promotions. Approximately two-thirds of the Retail segment's volume decline was attributed to lower commodity shipments and contract manufacturing. Flagship and emerging brands maintained leadership in their respective categories. Notably, the Planters brand outperformed expectations in both volume and net sales, while demand for Jennie-O lean ground turkey remained strong. Segment profit increased 3.6%, driven by operational efficiencies from the T&M initiative and lower selling, general and administrative sales in the Foodservice segment increased 0.5% to $936.4 million, with organic net sales rising 4% and volumes down 7.3%. Growth in organic net sales was broad-based, driven by strong performance in the customized solutions business and the turkey portfolio. Branded products, including Jennie-O, Hormel Fire Braised meats and Café H globally inspired proteins, delivered another solid quarter of volume and net sales growth. Despite softness across the industry, several categories posted volume gains, which were more than offset by a reduction in commodity profit declined 5.8%, as increased net sales were outweighed by margin pressures, particularly within non-core businesses. The Foodservice segment continued to benefit from an extensive range of solutions-based products, a strong direct-selling organization and a diversified channel sales in the International unit increased 7% year over year to $178.5 million, whereas volumes increased 8.9%. Growth was driven by double-digit volume and net sales increases in exports, as well as continued momentum in China's market. Export growth was led by strong shipments of refrigerated products, particularly bacon and pepperoni. In China, both the retail and foodservice channels contributed to performance, supported by successful new product profit decreased 20.7%, primarily due to an unfavorable shift in export customer mix and continued softness in Brazil. This Zacks Rank #3 (Hold) company ended the quarter with cash and cash equivalents of $669.7 million and total long-term debt (excluding current maturities) of $2,850.7 million. In the fiscal second quarter, cash flow from operations was $56.4 Foods prioritizes returning capital to its shareholders. The company returned nearly $159 million to its shareholders via dividends. Image Source: Zacks Investment Research Hormel Foods now expects fiscal 2025 net sales to be between $12 billion and $12.2 billion compared with its prior outlook of $11.9 billion to $12.2 billion. Organic net sales growth is now projected at 2% to 3%, up from the previous range of 1% to 3%.The company now anticipates operating income to be between $1,118 million and $1,185 million, while adjusted operating income is expected to be in the range of $1,175 million to $1,248 million in fiscal 2025. Earlier, it anticipated operating income to be between $1,118 million and $1,212 billion, while adjusted operating income was expected to be in the range of $1,175 million to $1,275 now projects full-year diluted earnings per share (EPS) to be between $1.49 and $1.59, narrowed from its previous range of $1.49 to $1.63. Adjusted EPS is expected to be between $1.58 and $1.68, revised from the earlier range of $1.58 to $ Foods targets capital expenditures of $275 million to $300 million, and expects depreciation and amortization expenses of approximately $265 million in fiscal HRL stock has risen 5.9% in the past three months against the industry's decline of 1.8%. Nomad Foods Limited NOMD manufactures, markets and distributes a range of frozen food products in the United Kingdom and internationally. It currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Nomad Foods' current fiscal-year sales and earnings implies growth of 4.6% and 7.3%, respectively, from the prior-year levels. NOMD delivered a trailing four-quarter earnings surprise of 3.2%, on S.A. BRFS raises, produces and slaughters poultry and pork for the processing, production and sale of fresh meat, processed products, pasta, margarine, pet food and other products. It currently carries a Zacks Rank of 2 (Buy). BRFS delivered a trailing four-quarter earnings surprise of 5.4%, on average. The Zacks Consensus Estimate for BRF S.A.'s current fiscal-year sales and earnings implies growth of 0.3% and 11.1%, respectively, from the prior-year Group AB OTLY, an oatmilk company, provides a range of plant-based dairy products made from oats. It presently carries a Zacks Rank of 2. OTLY delivered a trailing four-quarter earnings surprise of 25.1%, on consensus estimate for Oatly Group's current fiscal-year sales and earnings implies growth of 2.7% and 65.8%, respectively, from the year-ago figures. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hormel Foods Corporation (HRL) : Free Stock Analysis Report BRF S.A. (BRFS) : Free Stock Analysis Report Nomad Foods Limited (NOMD) : Free Stock Analysis Report Oatly Group AB Sponsored ADR (OTLY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
