Image source: Unilever Half Year 2021 Results presentation , July 22, 2021 By Siddharth Cavale Unilever Plc warned on Thursday that surging commodity costs would squeeze its full-year operating margin, overshadowing strong second-quarter sales growth fueled by the easing of pandemic-related curbs in many of its markets. Underlying sales for the maker of Dove soap maker rose 5% in the three months ended June 30, above 4.8% forecast by analysts. However, rising prices of everything from crude to palm and soybean oil made the company cut its operating margin outlook to "about flat" from slightly up earlier and flag greater uncertainty surrounding that forecast. The warning dragged shares of the FTSE 100-listed company down 4.4% by 0830 GMT, wiping off nearly 5 billion pounds ($6.87 billion) of its market value, and making it the top loser on the index in morning trading. "This is slightly disappointing, as they had been confident of passing through cost inflation at the first quarter stage," Investec analyst Alicia Forry said. "Now they change their tune. ..This margin issue will overshadow the strong underlying performance in H1." Half-year sales rose 5.4%, a touch above the 5.3% forecast, propelled by 8.1% growth in its Foods and Refreshment division, as living restrictions began to ease in many markets.
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Quarterly, annual earnings. See the latest EPS estimates vs Actual and surprise it caused. Stock Market Daily has their analysis The post Must-See Earnings Estimates NYSE:CAG, NASDAQ:PTSI, NASDAQ:HOMB, NYSE:STT appeared first on .
CEOs are speaking up about what weve seen in the government data : inflation. And some of them warn elevated levels of inflation could persist. Why it matters: Prices for goods and services have been rising at a historic pace, a phenomenon that many economists have characterized as transitory . Business executives offer unique perspectives on the matter as they are directly exposed to rising raw materials and labor costs. Furthermore, theyre the ones setting prices on what their businesses sell. What theyre saying: Inflation may be more than a temporary phenomenon. "The inflation could be worse than people think," JPMorgan Chase CEO Jamie Dimon said on an earnings call Tuesday. I think it''ll be a little bit worse than what the Fed thinks. I don''t think it''s only temporary." "[Policymakers] are saying jobs are more important than consumerism," BlackRock CEO Larry Fink told CNBC on Wednesday. "That is going to probably lead to systematically more inflation." State of play: Executives are explicitly saying that they''re raising the prices they charge customers. "Is there somewhat more inflation out there?
US Conagra Brands, a US-based packaged foods company, is feeling the pinch of the recent inflation levels in the US and has warned that higher raw material and ingredient costs would take a bigger bite out of its profit this year than previously estimated. The U.S. is currently facing what financial experts refer to as a transition inflation that has seen consumer prices increase by the most percentage in 13 years. According to Reuters, COVID-19 vaccinations, low-interest rates, and nearly US$6 trillion in government relief since the pandemic started last year are fueling demand for everything from cars
Fiscal 2022 is likely to be a transition year for Conagra Brands Inc (NYSE: CAG ), as management takes action to combat inflation, against tough
Conagra Brands Inc (NYSE:CAG) stock fell over 0.2% on 14th July, 2021 (as of 12:56:12 UTC-4 · USD; Source: Google finance) after the company lowered The post Retail Stock under pressure: Conagra Brands Inc (NYSE: CAG) appeared first on FXDailyReport.Com .
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Video source: YouTube, CNBC Television By Christopher Rugaber WASHINGTON (AP) Prices for U.S. consumers jumped in June by the most in 13 years, evidence that a swift rebound in spending has run up against widespread supply shortages that have escalated the costs of many goods and services. Tuesdays report from the Labor Department showed that consumer prices in June rose 0.9% from May and 5.4% over the past year the sharpest 12-month inflation spike since August 2008. Excluding volatile oil and gas prices, so-called core inflation rose 4.5% in the past year, the largest increase since November 1991. The pickup in inflation, which has coincided with the economys rapid recovery from the pandemic recession, will likely intensify a debate at the Federal Reserve and between the Biden administration and congressional Republicans about how persistent the accelerating price increases will prove to be. The Fed and the White House have made clear their belief that the current bout of inflation will prove temporary.
NEW YORK - Stocks that traded heavily or had substantial price changes Tuesday: PepsiCo Inc., up $3.45 to $152.96. The food and beverage company beat Wall Street''s
Conagra Brands Inc (NYSE: CAG) said on Tuesday its sales came in weaker than last year in the fiscal fourth quarter. Earnings and revenue, however, topped Wall Street estimates. Financial performance Conagra Brands net income in the fourth quarter printed at $309.5 million that translates to 64 cents per share versus the year-ago figure of  The post Heres what Conagra Brands Q4 earnings report tells us appeared first on Invezz .
ConAgra, whose brands include Duncan Hines, Slim Jim and Birds Eye, now foresees fiscal 2022 adjusted earnings of about $2.50 per share.