by | Sep 22, 2010 | Towing
General Mills (GIS) reported adjusted diluted earnings for the quarter of 64 cents per share, matching the results form a year earlier.
Net sales grew 1% to $3.53 billion in the first fiscal quarter ended Aug. 29, the company said in a statement. The cost of goods sold included a $72 million increase in mark-to-market value of commodity positions.
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General Mills makes foods such…
Continue reading General Mills Reports Quarterly EPS of 64 Cents
General Mills Reports Quarterly EPS of 64 Cents originally appeared on DailyFinance on Wed, 22 Sep 2010 07:55:00.
Filed Under: Company News, Earnings, Green, Retail
by | Sep 22, 2010 | Towing
Darden Restaurants (DRI), owner of brands including Olive Garden and Red Lobster, reported quarterly net earnings from continuing operations of 80 cents per share, up from 67 cents per share a year earlier.
Sales from continuing operations were $1.81 billion in the quarter ended Aug. 29, up 4.2% from a year earlier, the company said in a statement.
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Blended same-restaurant sales for…
Continue reading Darden Restaurants Reports Quarterly EPS of 80 Cents
Darden Restaurants Reports Quarterly EPS of 80 Cents originally appeared on DailyFinance on Wed, 22 Sep 2010 07:06:00.
Filed Under: Company News, Economy, Earnings, Retail
by | Sep 15, 2010 | Towing
Investor Nelson Peltz sold 1.6 million shares in H.J. Heinz Co. (HNZ), reducing his stake by about one third. He now holds about 1% of the company’s shares.
Peltz has sold shares worth $75.9 million since Friday, Dow Jones Newswires reported.
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In 2006, Peltz successfully fought to get two directors on to the Heinz board as he tried to get the company to improve results.
Heinz…
Continue reading Investor Nelson Peltz Cuts Stake in Heinz
Investor Nelson Peltz Cuts Stake in Heinz originally appeared on DailyFinance on Wed, 15 Sep 2010 08:49:00.
Filed Under: Company News, People, Investing, Earnings, HJ Heinz Company, Retail, Stocks in the News
by | Sep 15, 2010 | Towing
The corn refining industry is seeking to make one of the most common ingredients in American food sound a little more palatable to health-conscious consumers and food companies.
The Corn Refiners Associations filed a petition on Tuesday with the Food…
by | Sep 9, 2010 | Towing
Burger King (BKC) will have a new CEO once it is sold to 3G Capital.
3G today announced that it plans to appoint Bernardo Hees, a partner at the investment group, as CEO of the fast-food retailer once the deal is complete.
Hees was previously CEO of America Latina Logistica, a railroad and logistics company.
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“Bernardo is an experienced executive with an impressive track record of…
Continue reading 3G Capital Appoints New Burger King CEO
3G Capital Appoints New Burger King CEO originally appeared on DailyFinance on Thu, 09 Sep 2010 09:11:00.
Filed Under: Company News, People, Investing, Retail
