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While keeping his outperform rating, Vijay Rakesh chopped $10 off his price target to $145. The Oreo maker should see above-average earnings growth, Jordan said, and the stock itself is a high-quality core holding. — Alex Harring 5:50 a.m.: UBS lays out earnings expectations for Nvidia UBS is remaining bullish on Nvidia heading into the artificial intelligence giant's earnings report. Analyst Timothy Arcuri reiterated his buy rating and $150 price target heading into earnings expected later this month. His price target of $23, up from $20, implies a gain of 28.3% over the next 12 months.

Persons: Piper Sandler, Vijay Rakesh, Rakesh, Alex Harring, Shaun Kelley, Kelley, — Alex Harring, Eli Lilly, Eli Lilly's, James Shin, Shin, Jefferies, Samad Samana, Samana, Goldman, Goldman Sachs, Mills, Leah Jordan, Jordan, Kraft Heinz, Timothy Arcuri, Arcuri, Patrick Moley, Morley, HOOD, Fred Imbert Organizations: CNBC, UBS, Mizuho, Micron, Seagate Technology, Western, Bank of America, Gaming, Consumer, Terre Haute, Kentucky Derby, Deutsche Bank, Par Technology, Jefferies, Conagra Brands, Hershey, Nvidia UBS, Nvidia Locations: Churchill, Northern, Northern Virginia, Kentucky, Robinhood

With nearly three-fourths of the S & P 500 reporting second-quarter results, the earnings picture for the back half of the year is looking unusually complicated. It's been a 'meh' quarter so far We have the usual beat on bottom-line earnings, but revenue beats are below expectations. Most companies are beating on earnings estimates but are declining to hike full-year guidance beyond the beat. Plenty of complaints about a slowing China consumer A weak China economy has been a significant headwind for a number of global companies this season. Procter & Gamble's China sales tumbled 8% from a year ago as consumer spending slowed.

Persons: It's, Sherwin, Williams, Lockheed Martin, Chipotle, Isaac, CDW, Clorox, – Hershey, Kraft Heinz, Mondelez, General Mills, Smucker, McDonald's, Wendy's, Bob, Wyndham, Mills, Marriott, LVMH, haven't Organizations: GE Aerospace, Hasbro, Lockheed, Verizon, Mattel, IBM, Juniper Networks, Enphase Energy, NXP Semiconductors, Accenture, Oracle, Procter, Gamble, PepsiCo, ConAgra Brands, Bank of America, MGM Resorts, Comcast, Marriott, Airlines, Allegiant, Ryanair, Gamble's, Starbucks, Visa, Nike, Vegas Sands Locations: J.M, Atlantic City, China, Gamble's China, Greater China, Japan, Macao, Marina, Sands, Singapore

☆ Stocks making the biggest moves midday: Delta Air Lines, SoundHound AI, WD-40, Tesla and more
▼ + stars: | 2024-07-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an almost 30% decrease in net income for the second quarter compared to a year ago. Shares of major airline stocks American Airlines and United Airlines also fell around 4.7% and 3.7%, respectively, following the results. WD-40 reported total net sales of $155 million in the fiscal third quarter, up 9% from the year-ago period. Semiconductor names — Investors took a few chips off the table on Thursday, selling high-flying semiconductor stocks.

Persons: QuantumScape, Conagra, Lantheus, Tesla, Horton, —, Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Tanaya Macheel, Darla Mercado Organizations: Delta Air Lines, American Airlines and United Airlines, Costco, Peugeot, Opel, Vauxhall, Lantheus Holdings, Medicare, Services, PepsiCo, Revenue, Bloomberg News, Bloomberg, Industries, Builders, Semiconductor, —, VanEck Semiconductor, Nvidia Locations: U.S, Canada, Europe

☆ A key part of America’s economy has shifted into reverse
▼ + stars: | 2024-07-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington CNN —A vast swath of the US economy is showing signs of weakness as unemployment rises to its highest point in more than two years. “When you think of services, a lot of it is driven by the consumer, and consumers are key to where the US economy goes,” James Knightley, chief international economist at ING, told CNN. Consumer spending, which makes up about 70% of the US economy, has already moderated over the past few months, government statistics show, and retailers themselves have said they’ve noticed shoppers across the income spectrum change their purchasing behavior. The bottom 60% of households by income accounted for a larger proportion of spending on health care services. These firms have added 168,000 jobs a month, on average, from April through June, according to fresh Labor Department data released Friday.

Persons: “, ” James Knightley, “ We’re, Knightley, Scott Hamilton, Gallagher, It’s, Tesla, China’s Geely, Laura He, Elon, Jerome Powell, Michael Barr, Michelle Bowman, Austan Goolsbee, Raphael Bostic Organizations: CNN Business, Bell, Washington CNN, Institute, Supply, ING, CNN, Commerce, Service, Labor Department, EV, Volvo, SAIC, Elon Musk’s, Business, Committee, Fed, China’s National Bureau of Statistics, Financial Services, Chicago Fed, Pepsico, Delta Air Lines, ConAgra Brands, US Labor Department, Atlanta Fed, JPMorgan Chase, Citigroup, The, New York Mellon, The University of Michigan Locations: Washington, United States, California, Jiangsu, China, Shanghai, Wells Fargo

☆ Here are 3 major reports that could drive the stock market in the week ahead
▼ + stars: | 2024-07-06 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Three of the four big money center banks report this coming Friday, including Club name Wells Fargo . Economic data : The June consumer price index (CPI) is out on Thursday morning, and the June producer price index (PPI) is out on Friday morning. Earnings season : Within the portfolio, net interest income (NII) guidance is going to be a key watch item when Wells Fargo reports its quarter this coming Friday. However, other factors like muted loan demand have prevented Wells Fargo from raising its outlook this year. Wells Fargo – and our other bank name Morgan Stanely – both passed, indicating they have strong capital positions with excess money to return to shareholders.

Persons: May's, You'll, Wells, Michael Santomassimo, Morgan Stanley, We're, Wells Fargo, Morgan Stanely –, JPMorgan Chase, Jim Cramer's, Jim Cramer, Jim, Beata Zawrzel Organizations: Dow Jones Industrial, Nasdaq, Apple, Broadcom, Club, Meta, Energy, Constellation Brands, Corona, Modelo, Federal Reserve, Manufacturing, PMI, Fed, Wells, PPI, CPI, PepsiCo, Delta Air Lines, DAL, Conagra Brands, JPMorgan, Citigroup, Jim Cramer's Charitable, CNBC, U.S, New York Stock Exchange, Nurphoto, Getty Locations: Wells Fargo, FactSet, Wells, Wells Fargo –, New York, United States, America

☆ These stocks are the biggest bargains in the S&P 500 heading into the second half
▼ + stars: | 2024-06-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A collection of stocks with strong earnings potential and discounted valuations may be a good way for investors to find value in the market. CVX YTD mountain Chevron stock. FDX YTD mountain FedEx stock. Altria Group is the most discounted stock on the list, with the stock's trailing 12-month P/E representing a 116% haircut compared with its five-year average. MO YTD mountain Altria Group stock.

Persons: Peer, haven't, Mike Wirth, Thomas Wadewitz Organizations: Nvidia, Broadcom, Qualcomm, CNBC Pro, CNBC, Stock, ., Chevron, Exxon Mobil, FedEx, UBS, U.S . Postal Service, Altria, U.S . Food, Drug Administration, Conagra Brands, Marathon Petroleum Locations: U.S

☆ Stocks making the biggest moves midday: Lamb Weston, Levi Strauss, Wayfair and more
▼ + stars: | 2024-04-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Zeta Global — The software stock added 13% after Morgan Stanley upgraded the software firm to an overweight rating from equal weight. Conagra Brands — The consumer packaged goods food company climbed 5% after exceeding analysts' estimates for its fiscal third-quarter earnings and revenue. Lamb Weston — Shares plunged 19% after the fries producer missed its third-quarter earnings and revenue. Lamb Weston posted third-quarter adjusted earnings of $1.20 per share, less than the $1.45 analysts polled by FactSet had expected. Solar stocks — Solar stocks rose higher during Thursday's session as the yield on the benchmark 10-year Treasury moved lower.

Persons: Goldman Sachs, Morgan Stanley, Wayfair, foresees, Levi Strauss, Conagra, FactSet . Lamb Weston —, Lamb Weston, FactSet, Grindr, Raymond James, Solventum, —, Alex Harring, Hakyung Kim Organizations: Hertz, Goldman, Investors, Zeta, Conagra, Alaska Air Group —, Boeing, Reuters, 3M, Treasury, Energy, SolarEdge Technologies Locations: Alaska

☆ Stocks making the biggest moves premarket: Levi Strauss, Intuitive Machines, Wayfair and more
▼ + stars: | 2024-04-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Hertz Global — The car rental stock slid nearly 5% following a downgrade to sell from neutral at Goldman Sachs. Wayfair — The home-focused e-commerce retailer rose nearly 5% following an Evercore ISI upgrade to outperform from in line. For the period, the retailer posted adjusted earnings of 26 cents per share on $1.56 billion in revenue. Conagra reported earnings of 69 cents per share on revenue of $3.03 billion, exceeding FactSet's estimates of 65 cents per share on revenue of $3.01 billion. Intuitive Machines — The space stock soared nearly 11% after Intuitive won a NASA contract for $30 million to build a lunar terrain vehicle.

Persons: Goldman Sachs, Lizzie Dove, Morgan Stanley, Wayfair, Levi Strauss —, Conagra, Lamb Weston, FactSet, — CNBC's Alex Haring, Sarah Min, Samantha Subin Organizations: Hertz, Goldman, Zeta Global, Zeta's, LSEG, NASA

☆ Thursday’s rapid fire: SharkNinja, Hertz Global, Levi Strauss, Conagra Brands and Block
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThursday’s rapid fire: SharkNinja, Hertz Global, Levi Strauss, Conagra Brands and BlockCNBC’s Jim Cramer on Thursday discussed the stocks of SharkNinja, Hertz Global, Levi Strauss, Conagra Brands and Block

Persons: Levi Strauss, Jim Cramer Organizations: Hertz, Conagra Brands

☆ Conagra Brands CEO Sean Connolly goes one-on-one with Jim Cramer
▼ + stars: | 2024-04-04 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Conagra Brands CEO Sean Connolly goes one-on-one with Jim CramerConagra Brands President and CEO Sean Connolly joins 'Mad Money' host Jim Cramer to talk consumer trends, innovation in the packaged goods space, the impact of weight-loss drugs and more.

Persons: Sean Connolly, Jim Cramer Conagra, Jim Cramer Organizations: Conagra, Jim Cramer Conagra Brands

☆ Here are the 3 key things we're most focused on in the stock market this week
▼ + stars: | 2024-03-30 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The annual reading is above the 2% target set by the central bank but is a slight deceleration from the 2.9% annual rate in December and January. Looking ahead to next week, it's all about the macroeconomic updates as the first quarter earnings season is mostly over. ET: ISM Manufacturing PMI After the bell: PVH Corp. (PVH), Canoo (GOEV) Tuesday, April 2 10:00 a.m. ET: ISM Services PMI Before the bell: Acuity Brands (AYI) After the bell: BlackBerry (BB), Levi Strauss (LEVI) Thursday, April 4 8:30 a.m. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Dow, payrolls, Paychex, Calvin Klein, Tommy Hilfiger, Buster's, Levi Strauss, LEVI, Lamb Weston, Jim Cramer's, Jim Cramer, Jim, Eric Thayer Organizations: Dow Jones, Nasdaq, Federal, Cal, Maine Foods, Conagra, PVH Corp, PMI, Maine, Brands, Jim Cramer's Charitable, CNBC, Workers, Grand Central Market, Bloomberg, Getty Locations: U.S, Cal, Los Angeles , California

☆ Wall Street could be in for another good quarter after an exuberant start to the year, history shows
▼ + stars: | 2024-03-28 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Wall Street could be in for another solid quarter as stocks have embarked on a strong start to the year. Specifically, in the second quarter, the S & P 500 was higher 9 out of 11 times, averaging a 2.7% gain. Significantly, two occurrences of those 10% first-quarter gains Detrick reviewed took place during election years, with the S & P 500 ending higher on the year. In 1976, the S & P 500 went on to register a 1.5% increase in the second quarter, and a 4.6% jump for the rest of the year. The Wall Street firm maintained its year-end S & P 500 target of 5,050, representing a 3.8% slide from Wednesday's close.

Persons: Ryan Detrick, We've, there'd, Detrick, CNBC's, Research's Sam Stovall, Stovall, Piper Sandler, Craig Johnson, Brian Nick, Nick, John Stoltzfus, Ayako Yoshioka, Yoshioka, CFRA's Stovall, FactSet Organizations: Nvidia, VanEck Semiconductor, Dow Jones, Carson Group, Macro, PMI, Manufacturing, ADP, Survey, Services PMI, Weston Holdings, Conagra Brands, Consumer Credit Locations: U.S

☆ Goldman says these types of dividend stocks are the best to own in wake of big Meta payout news
▼ + stars: | 2024-02-12 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

For investors, that suggests opportunity in certain dividend stocks, Kostin wrote. Since late 2022, Goldman Sachs' Dividend Yield and Growth basket (GSTHDIVG), a 50-stock, equal-weighted basket of stocks with high trailing dividend yield and high anticipated dividend growth, has outperformed the equal-weighted S & P 500 by 3 percentage points. As of October, here are some of the stocks in the firm's dividend yield and growth basket. Verizon Communications Communication services stock Verizon Communications is a constituent in the dividend growth basket. Other stocks in Goldman's dividend growth basket include Best Buy , Conagra Brands and Devon Energy .

Persons: Goldman Sachs, David J, Meta, Kostin, That's, Greenlight Capital's David Einhorn, Morgan Stanley, Simon Flannery, — CNBC's Michael Bloom Organizations: Facebook, Bank of America, Federal Reserve, Verizon Communications Communication, Verizon Communications, Verizon, Conagra Brands, Devon Energy Locations: Viatris

☆ Dolly Parton says she refused to do a naked photo shoot for her 1978 Playboy cover
▼ + stars: | 2024-01-28 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Dolly Parton tells Business Insider she didn't want to do a naked cover shoot for Playboy in 1978. AdvertisementDolly Parton says she was completely comfortable posing on the cover of Playboy magazine in 1978, but only if she could be fully clothed. For the cover shoot, she dressed up like the Playboy bunny, wearing a black bustier, black bunny ears, and a dazzling white bow tie connected to a pink collar. Dolly Parton dresses up as the Playboy bunny for her 1978 cover shoot. During her Playboy cover interview in 1978, Parton said she didn't want to do a naked photo shoot because she was worried about how her fans would react.

Persons: Dolly Parton, Parton, —, Harry Langdon, Carl Dean, I'm, Duncan Hines, Conagra Organizations: Playboy, Service, Conagra Brands, BI Locations: Rhimestones

☆ Dolly Parton says she was 'very involved' as a producer on 'Buffy the Vampire Slayer,' and sent gifts to the cast to show 'I was proud of them'
▼ + stars: | 2024-01-24 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewDolly Parton is opening up about one of her little-known career achievements: a producer on "Buffy the Vampire Slayer." Sandollar first produced the 1992 "Buffy the Vampire Slayer" movie, which flopped at the box office, before coproducing the television series starring Sarah Michelle Gellar. Dolly Parton is releasing new Duncan Hines baking mixes. AdvertisementParton says she decided to launch her own baking mixes because of her love of cooking. "But no matter what you're cooking, you're going to always want something sweet to eat after it."

Persons: —, Dolly Parton, Parton, Sandy Gallin, Sandollar, Sarah Michelle Gellar, didn't, Duncan Hines, Gellar, Buffy, Jimmy Fallon, JB Rowland, Dolly Parton Parton, Conagra Organizations: Service, Business, Sandollar Television, Sandollar Productions, BI, Conagra, Conagra Brands Locations: Nashville, Los Angeles

☆ A 'Buffy the Vampire Slayer' reboot could be on the way, says producer Dolly Parton
▼ + stars: | 2024-01-24 | by ( Ayomikun Adekaiyero | Tufayel Ahmed | ) www.businessinsider.com time to read: +4 min

Dolly Parton says there are plans to reboot "Buffy the Vampire Slayer." Advertisement"Buffy the Vampire Slayer" could be returning to screens, according to Dolly Parton. Online USA/Stringer/Getty ImagesAccording to The Hollywood Reporter, Fran Rubel Kuzui first attempted to reboot "Buffy" with a new movie in 2009. In 2018, Whedon and producer and screenwriter Monica Owusu-Breen collaborated on a proposed "Buffy" reboot with a Black lead, reported Deadline. "I have to give more people more credit on 'Buffy the Vampire Slayer' than me.

Persons: Dolly Parton, Parton, —, Sarah Michelle Gellar, Sandy Gallin, David Boreanaz, They're, Kristy Swanson, Fran Rubel Kuzui, Kaz Kuzui, Joss, Stringer, Whedon, Monica Owusu, Breen, Owusu, Indira, Laya DeLeon Hayes, James Marsters, Anthony Head, Charisma Carpenter, Juliet Landau, Emma Caulfield, Amber Benson, James Charles Leary, Danny Strong, Duncan Hines, Conagra Organizations: Sandollar Television, Service, Sandollar Productions, Sandollar, Kuzui Enterprises, Productions, Century Fox Television, Hollywood, Twitter, BI, Conagra Brands Locations: Nashville, Los Angeles

☆ Dolly Parton says she didn't take a day off work for her 78th birthday: 'Nothing wrong with working on your birthday'
▼ + stars: | 2024-01-23 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Parton tells Business Insider she decided to work on her birthday this year. The country music legend celebrated her birthday on January 19 and marked the occasion by working on future projects, she tells Business Insider. Parton tells BI that she was snowed in at home on her birthday, but neither that nor work stopped her from celebrating in style. AdvertisementNew baking mixes set to hit stores this month include chocolate cake, yellow cake, cinnamon crumb cake, blueberry muffin, and banana nut muffin. SUZANNE CORDEIRO/Getty ImagesParton tells Business Insider that she started her own line of baking mixes because she loves to cook.

Persons: Dolly Parton, Parton, —, Duncan Hines, SUZANNE CORDEIRO, Lucky Parton Organizations: Service, Conagra Brands, Conagra, of Country

☆ Reducing pesticides in food: Major food manufacturers earn an F grade
▼ + stars: | 2023-11-08 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +11 min

“Pesticide exposure during pregnancy may lead to an increased risk of birth defects, low birth weight, and fetal death,” the American Academy of Pediatrics stated. “Exposure in childhood has been linked to attention and learning problems, as well as cancer.”Yet pesticide exposure is widespread, even for chemicals that were banned years ago by federal agencies. In the 2023 Shopper’s Guide to Pesticides in Produce — a list of nonorganic produce with the most pesticides — researchers found 210 different pesticides on the 12 foods. In addition, consumers can ask food companies to “release the actual test results of pesticide concentrations in their products,” said EWG’s Temkin. “Food companies have not been publishing such data, instead relying on generalities,” she said via email.

Persons: ”, Cailin Dendas, “, disheartening, Jane Houlihan, Houlihan, Kale, collard, ” Alexis Temkin, toxicologist, ” Dendas, Jim Watson, Dendas, Sow, General Mills, Archer Daniels, Lamb, Nestlé, Dane Lisser, Shelby Stoolman, EWG’s, Temkin, ” Temkin, “ Steer Organizations: CNN, “ Pesticides, Healthy, “, ”, American Academy of Pediatrics, Environmental, US Environmental Protection Agency, Environmental Protection Agency, US Centers for Disease Control, Getty, Archer Daniels Midland Co, PepsiCo Inc, Conagra Brands Inc, Campbell Soup Company, Lamb Weston Holdings Inc, G Foods Inc, Cargill, Danone S.A, Del Monte Pacific Ltd, General, Inc, Kraft Heinz Company, Mars Incorporated, Mondelēz, Post Holdings Inc, ADM, US Food and Drug Administration Locations: United States, AFP

☆ Jury awards $7.1 million to a burn victim who alleged that a can of cooking spray 'exploded into a fireball'
▼ + stars: | 2023-11-01 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Tammy Reese was badly burned when a can of commercial-brand cooking spray ignited, a lawsuit alleged. A jury has ordered Conagra Brands to pay $7.1 million in compensatory and punitive damages. "We continue to stand by our cooking spray products, which are safe and effective when used correctly, as instructed. Consumers can check if their cooking spray cans are vented by looking at whether the bottom of the can has four small U-shaped slits, Smith said. "In a commercial kitchen, that's a sort of normal place where people leave their cooking spray cans when they're actually using them.

Persons: Tammy Reese, Conagra, —, Pam, Reese, Craig Smith, Marie Callender's, Chef Boyardee, Slim Jim, Smith, Peter Flowers Organizations: Brands, Service, Conagra, Swiss Miss Locations: Illinois, Chicago, Pennsylvania, Shippensburg , Pennsylvania, Cook, Swiss

☆ Pennsylvania Woman Is Awarded $7.1 Million in Damages From Conagra
▼ + stars: | 2023-11-01 | by ( Rebecca Carballo | More About Rebecca Carballo | ) www.nytimes.com time to read: 1 min

A jury in Illinois ordered Chicago-based Conagra Brands to pay $7.1 million to a Pennsylvania woman who was badly burned when a can of cooking spray caught fire at her workplace kitchen. The woman, Tammy Reese, was working in a kitchen at Hub City Club in Shippensburg, Penn., in May 2017 and using Pam cooking spray when it suddenly “exploded into a fireball, causing burns,” according to the complaint filed in 2019. Ms. Reese suffered second-degree burns on her head, face, hands and arms and spent weeks getting burn care, Ms. Reese’s lawyer, J. Craig Smith, said. The jury ruled in favor of Ms. Reese on counts that included liability, design defect, failure to warn, and negligence and willful and wanton conduct, according to documents filed in Cook County Circuit Court on Monday.

Persons: Tammy Reese, Pam, Ms, Reese, J, Craig Smith Organizations: Brands, City Club Locations: Illinois, Chicago, Pennsylvania, Shippensburg, Penn, Cook County

Chicago-based Conagra Brands must pay out $3.1 million in compensatory damages and $4 million in punitive damages to Reese, according to the Cook County Circuit Court verdict. Consumers can check if their cooking spray cans are vented by looking at whether the bottom of the can has four small U-shaped slits, Smith said. The cooking spray that exploded near Reese had been stored on a shelf about 18 inches (46 centimeters) above the stove, according to Flowers. “In a commercial kitchen, that’s a sort of normal place where people leave their cooking spray cans when they’re actually using them. The redesign was not related to the lawsuits and was part of an effort to standardize the company’s cans, Conagra said.

Persons: —, Tammy Reese, Pam, Reese, “, Craig Smith, Marie Callender’s, Chef Boyardee, Slim Jim, Smith, ” Peter Flowers, Conagra, ___ Savage Organizations: CHICAGO, Brands, Conagra, Swiss Miss, Associated Press, America Statehouse News Initiative, America Locations: Illinois, Chicago, Pennsylvania, Shippensburg , Pennsylvania, Cook, Swiss

☆ Weight-loss drug worries add to US restaurants' weak traffic woes
▼ + stars: | 2023-10-26 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +4 min

Investors' knee-jerk reaction to those comments sent the under-pressure S&P 500 restaurants index (.SPLRCREST) down 1.3% at the time. THE FUNDAMENTALS** On Thursday, Chipotle is expected to report a 4.5% increase in Q3 same-store sales, according to LSEG data, slower both on a year-over-year and a sequential basis. Profit likely rose about 18%. WALL STREET SENTIMENT** The S&P 500 restaurant sub-index (.SPLRCREST) has risen just 0.4% year-to-date, lagging a more than 10% jump in the benchmark S&P 500 (.SPX). Growth in top restaurant stocks has broadly lagged the benchmark S&P 500 indexReporting by Deborah Sophia in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Peter Saleh, Taco Bell, Wells, Chipotle, Deborah Sophia, Savio D'Souza Organizations: REUTERS, KFC, Yum Brands, Walmart, Conagra, Taco, WALL, Thomson Locations: New York, McDonald's, Wells Fargo, Bengaluru

☆ Conagra Brands beats quarterly profit estimate on price hikes
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] Slim Jim products, owned by Conagra Brands, are seen for sale in a store in Manhattan, New York, U.S., November 15, 2021. Shares of the Chicago-based packaged food maker fell 1.4% to $26.15 premarket on Thursday as Conagra missed quarterly sales estimates and also maintained tepid targets for annual sales and profit. Peer General Mills (GIS.N) in September also narrowly topped profit estimates on higher prices, but the Cheerios cereal maker's volumes took a hit as consumers turned cautious. Campbell Soup (CPB.N) forecast an upbeat annual profit as the company bets on easing cost pressures. Conagra reported first-quarter net sales of $2.90 billion, while analysts on average expected $2.95 billion, according to LSEG data.

Persons: Slim Jim, Andrew Kelly, Slim, Conagra, Mills, Campbell, Granth, Sherry Jacob, Phillips Organizations: Conagra Brands, REUTERS, Conagra, Thomson Locations: Manhattan , New York, U.S, Chicago, Bengaluru

☆ Conagra Brands swings to quarterly profit on higher prices
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Slim Jim products, owned by Conagra Brands, are seen for sale in a store in Manhattan, New York, U.S., November 15, 2021. Conagra, which grappled for months with higher costs tied to labor and raw materials, raised its product prices multiple times over the last several quarters, and is now seeing some of the expenses ease from their peaks. The company reported net sales of $2.90 billion in the first quarter, while analysts on average expected $2.95 billion, according to LSEG data. Conagra expects its annual organic net sales growth to be 1% and adjusted EPS to come in between $2.70 and $2.75. Reporting by Granth Vanaik in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Slim Jim, Andrew Kelly, Jim, Conagra, Granth, Sherry Jacob, Phillips Organizations: Conagra Brands, REUTERS, Conagra, Thomson Locations: Manhattan , New York, U.S, Chicago, Bengaluru

☆ Morning Bid: Nervy bond bounce on soft jobs and oil
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +5 min

[1/2] A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Although both oil and bond yields calmed somewhat overnight, U.S. crude plunged by more than $5 per barrel on Wednesday. The tentative bond bid and shifting interest rate picture stopped the rot in stock markets too, with Wall St stocks rallying on Wednesday and the Nasdaq (.IXIC) staging its biggest daily gain since August. But in a sign of the nervousness, European stock markets stalled again and Wall St futures were back in the red. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Kevin McCarthy, Michael Barr, Mary Daly, Thomas Barkin, Loretta Mester, Lamb Weston, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Nasdaq, Wall, Metro Bank, U.S, Federal, San Francisco Fed, Richmond Fed, Cleveland Fed, Treasury, Brands, Constellation Brands, Reuters, Thomson Locations: New York City, U.S, Wall, York

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