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Search resuls for: "Dia Gill"


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☆ Conagra Earnings, Sales Climb as Food Prices Rise
  + stars: | 2023-04-05 | by ( Dia Gill | ) www.wsj.com   time to read: 1 min
Conagra , which makes Hunt’s tomato products, attributed its most recent quarterly results to inflation-driven price increases. Conagra Brands Inc. raised its guidance for the second consecutive quarter as the food manufacturer posted a nearly 60% profit increase. For the quarter ended Feb. 26, the Chicago-based maker of Slim Jim meat sticks, Reddi-wip and Marie Callender frozen meals reported a net income of $341.7 million, up from $218.4 million in the same quarter a year prior. Analysts surveyed by FactSet expected net income of $303 million.
☆ Foot Locker Expects Sales, Profit to Fall in Coming Year
  + stars: | 2023-03-20 | by ( Dia Gill | ) www.wsj.com   time to read: 1 min
Foot Locker says its sales are likely to drop as much as 5.5%. Foot Locker Inc. forecast a year of declining sales and a 30% drop in profit as the company closes stores, exits businesses and spends more in areas such as technology and wages. The sneaker and athletic-wear retailer said the changes are part of a reset year under new Chief Executive Mary Dillon that is expected to yield higher profit and sales starting in 2024.
☆ Fisker Shares Jump 27% as Ocean EV Deliveries Set for Spring Launch
  + stars: | 2023-02-27 | by ( Dia Gill | ) www.wsj.com   time to read: 1 min
Fisker’s Ocean SUV on display at the Paris Car Show last year. Shares for Fisker Inc. climbed 27% to $7.23 in Monday trading after the electric-vehicle startup confirmed that deliveries for its first vehicle, the Ocean SUV, would commence in the spring. Chief Executive Henrik Fisker said on a Monday call with investors that the EV’s homologation approval process would be completed in March, with deliveries set to begin shortly after, pending additional regulatory approvals.
☆ Fisker Shares Jump 30% as Ocean EV Deliveries Are Set for Spring Launch
  + stars: | 2023-02-27 | by ( Dia Gill | ) www.wsj.com   time to read: 1 min
Fisker’s Ocean SUV on display at the Paris Car Show last year. Shares of Fisker Inc. surged 30% to $7.40 on Monday after the electric-vehicle startup confirmed that deliveries for its first vehicle, the Ocean SUV, would commence in the spring. Chief Executive Henrik Fisker said on a Monday call with investors that an approval process for the EV would be completed in March, with deliveries set to begin shortly after, pending additional regulatory approvals.
☆ Kraft Heinz Earnings Climb With Higher Pricing
  + stars: | 2023-02-15 | by ( Dia Gill | ) www.wsj.com   time to read: 1 min
Kraft Heinz, maker of Kool-Aid and other products, raised prices 15.2% in 2022. Kraft Heinz Co. swung to a profit in the fourth quarter as the sliced-cheese maker offset inflation pressures with higher prices in the grocery-store aisle. The Pittsburgh-based maker of Kool-Aid and Jell-O reported net income of $890 million, or 72 cents a share, compared with a loss of $257 million, or a loss of 21 cents a share, in the same quarter ended in December 2021. Analysts expected net income of $966 million.
☆ Kraft Heinz to Hold Off on Further Food-Price Hikes, Executives Say
  + stars: | 2023-02-15 | by ( Jesse Newman | Dia Gill | ) www.wsj.com   time to read: 1 min
Kraft Heinz, maker of Kool-Aid and other products, raised prices 15.2% last year. Kraft Heinz Co. said it doesn’t plan further price increases this year, after executives said most of the food giant’s hikes for 2023 already have been put in place. The maker of sliced cheese and ketchup reported a fourth-quarter profit Wednesday after lifting prices in 2022 to offset what the company said were inflationary pressures. Kraft Heinz executives said that they expect consumers to increasingly push back against higher prices this year, while the company’s own costs continue to rise.
☆ AMC to Charge More for Better Movie Theater Seats
  + stars: | 2023-02-06 | by ( Dia Gill | ) www.wsj.com   time to read: 1 min
New AMC pricing that adjusts ticket prices based on where viewers sit applies to shows after 4 p.m., except on the chain’s Tuesday discount days. Some moviegoers will soon have to pay higher prices for better seats. The theater chain AMC Entertainment Holdings Inc. said Monday it was rolling out a new plan that adjusts ticket prices during peak shows based on where viewers sit. Prime seats in the middle of the theater will come at a premium, while neck-craning front-row seats will cost less.
☆ Disney, Pepsi, Uber Set to Report During Lackluster Earnings Season
  + stars: | 2023-02-04 | by ( Dia Gill | ) www.wsj.com   time to read: 1 min
PepsiCo Inc., Uber Technologies Inc. and Walt Disney Co. are among the companies slated to report earnings in the coming week, during an earnings season marked by cooling demand and throttled profits. Investors will also hear from the food makers Kellogg Co. and Tyson Foods Inc., the healthcare companies CVS Health Corp. and AbbVie Inc., as well as the private-equity firms KKR & Co. and Apollo Global Management Inc. Other companies reporting earnings include PayPal Holdings Inc., S&P Global Inc. and Chipotle Mexican Grill Inc.
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