sharksTracker’s Post

Innovative products like Hormel FLASH 180 Sous Vide Chicken are driving growth for Hormel Foods, as highlighted in their recent earnings conference call. #foodindustry #innovation #growth #HRL https://lnkd.in/g-MqtVe8

Innovative products like Hormel FLASH 180 Sous Vide Chicken are driving growth for Hormel Foods, as highlighted in their recent earnings conference call. #foodindustry #innovation #growth #HRL https://lnkd.in/g-MqtVe8

Curious how one of the nation's largest meat suppliers slashed shipping costs and improved efficiency? Koch Foods, Inc. reveals how 3G immediately helped cut costs, and move billions of dollars worth of product. Read their story 👉https://bit.ly/3V0SBn4

In the coming year, the US #food industry faces five crucial #challenges, according to Victor Martino, Just Food's US columnist. 📊💰 First, there is a renewed emphasis on unit sales growth, as the earlier surge in food #inflation led to increased dollar sales but lower unit sales. With the possibility of deflation in 2024, companies are urged to focus on both unit and dollar sales growth. 🚀🛍️ Second, the return of challenger brands is anticipated as consumers, having weathered inflation, are expected to explore and experiment more, leading to increased acquisitions of challenger brands by major consumer packaged goods (CPG) companies. ⚖️🤝 Third, competition and antitrust scrutiny are expected to intensify in 2024, with the Federal Trade Commission focusing on mergers and acquisitions in the CPG industry and food retailing. 🌍🌱 Fourth, #environmental concerns such as climate change, water availability, and plastic packaging, particularly microplastics, will become key issues requiring attention from packaged foods companies. 🛒📉 Lastly, #consumer trust needs to be a priority, as significant and frequent price increases in recent years have eroded trust in major packaged food companies. Addressing these challenges will be crucial for the success of the US food industry in 2024.

Hormel Foods (NYSE:HRL) warned it expects earnings in the first half of the new financial year to fall reflecting weak markets for turkey products.   The maker of #Spam and #Skippy peanut butter made the prediction as it reported financial fourth quarter sales of $3.20 billion, down from $3.28 billion the year before, with net earnings of $195.5 million, down from $280.0 million.  Diluted EPS fell to $0.36 from $0.51, the Austin, Minnesota-based company said.  "Despite challenging operating conditions to end the year, our results were in line with the low end of our revenue and adjusted net earnings per share expectations, as a strong finish from our Foodservice segment was offset by pressure in our Retail and International businesses,” said Jim Snee, chairman of the board, president and chief executive officer.  More at #Proactive #ProactiveInvestors #NYSE #HRL #HormelFoods http://ow.ly/I2nG10544z1

Kraft Heinz is anticipating a return to “historical activity” volume levels in the latter half of 2024 after posting another volume decline in its fourth quarter. #kraftheinz #food #foodindustry #foodindustryinsight #foodnews #foodbusiness #foodbusinessnews #foodbusinessowner #foodmanufacturing #foodanddrink #foodandbeverage #foodandbeverages #foodanddrinks #foodanddrinkindustry #foodprices #foodproducts #foodproduction #foodinflation

Discover Key Insights in the Packaged Food & Meats Industry with Visible Alpha. Explore current consensus forecast data on revenue drivers like organic growth and volume impact, as well as financial metrics including gross profit and loss. Our comprehensive industry KPI forecasts are designed to help you understand industry trends and evaluate the performance of leading companies like The Hershey Company, Tate & Lyle PLC, and more. Discover more at https://hubs.li/Q02gjLMB0 #EquityResearch #DataAnalytics #InvestmentInsights

Discover the urgent need for F&B capital investments in the face of industry challenges. https://bit.ly/49FHeEP #food #beverage #beverages #foodindustry #foodandbeverage

🌟 Unlocking Value in Surplus Inventory with A & J GLOBAL FOODS, INC. as your food liquidators🌐 Our purpose is to transform businesses by helping them monetize their backlog of inventory. If you need assistance in moving surplus food or non-food items, DM me. What is the biggest challenge you're currently facing with your company's inventory? #InventoryManagement #BusinessTransformation #FoodLiquidators #SupplyChainSolutions #foodindustry #

🌟 Understanding the Vital Role of Food Liquidators 🌟 In the intricate landscape of the food industry, surplus inventory can pose significant challenges for businesses. Our latest blog delves into the pivotal role of food liquidators, spotlighting how they navigate surplus inventory management and how they unlock potential value in surplus inventory, enabling companies to recoup investments that might have otherwise been lost. 📌 https://lnkd.in/eyXm3N4q Key Takeaways: 🔍 Who are food liquidators? They're essential intermediaries like A&J Global Foods, expertly managing surplus food or non-food inventory. 🤝 Why choose A&J Global Foods? Service excellence, diverse partnerships, and operational efficiency set us apart. ♻️ Why do food liquidators matter? They maximize returns, support sustainability, and offer flexible solutions. Food liquidators like us at A&J Global Foods transform surplus stock into valuable assets, benefiting suppliers, buyers, and the environment. Leveraging this expertise is pivotal in today's drive for efficiency and sustainability. Got questions or facing inventory excess? Reach out to us at info@ajglobalfoods.com or visit our website www.ajglobalfoods.com for solutions! #FoodIndustry #SurplusInventory #Sustainability #Efficiency #FoodLiquidators #AandJGlobalFoods #InventoryManagement #InventoryOptimization