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The restaurant supplier industry has seen dismal times in 2020. Sysco ( SYY ), the retailing giant which is focused on supplying food and related products to the restaurant industry, is currently down 38.86% YTD (year-to-date). Shares got battered during the pandemic as almost all of its end c...
Thesis There is good news and bad news about the food marketing and distribution sector. The good news is that there is always opportunity because there is a necessity for food and associated items all over the country. People cannot live without food. That food needs to be marketed and ...
Dine-in restaurant and food suppliers stocks had a strong day as the bouncy trading in the sector continued. More news on: Red Robin Gourmet Burgers, Inc., Brinker International, Inc., Denny's Corporation, Consumer stocks news, Stocks on the move, Read more ...
Donation Will Support Pop-Up Food Pantries Dedicated to Rebuilding Food Access US Foods Holding Corp. (NYSE: USFD), a leading foodservice distributor, today announced it is donating approximately $250,000 of food to help the Greater Chicago Food Depository , Chicago’s food ban...
Restaurant and food supplier stocks are starting off the day on a down note. More news on: Bloomin' Brands, Inc., Dine Brands Global, Inc., Ruth's Hospitality Group, Inc., Consumer stocks news, Stocks on the move, Read more ...
I have taken lately to sifting through the economic carnage caused by the Corona Virus to see what investment opportunities can be uncovered. Particularly hard hit has been the restaurant and hospitality industries. This can be seen in the performance of the Invesco Dynamic Leisure and Enterta...
Image source Fewer industries have been hit harder by the COVID-19 outbreak, and resulting economic shutdowns across the world, than foodservice. The sector was essentially completely shut down for a short while earlier this year, and while restaurants across the US are reopening, it is at...
47 out of the 52 publicly-traded restaurants stocks are in negative territory today after Starbucks ( SBUX -4.5% ) highlighted its $3.2B coronavirus hit to sales this quarter and with general wariness over a second wave of COVID-19 as hospitalizations in some key U.S. states increase. Mo...
Tyson Foods ( TSN -3.3% ), Pilgrim's Pride ( PPC -13.5% ) and Sanderson Farms ( SAFM -7.9% ) are lower after the Department of Justice indicts four former Pilgrim's Pride and Claxton Poultry Farms executives for fixing prices. More news on: Tyson Foods, Inc., Pilgrim's Pride Corpor...
The COVID-19 pandemic has revealed a major hole in Sysco 's (NYSE: SYY) otherwise-solid business model -- a model that has served it and its shareholders well for decades. The company caterers to the foodservice industry, selling foods and other products to restaurants, educational instituti...
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US Foods Holding Corp. (NYSE: USFD) will host a live conference call and webcast to discuss second quarter 2024 results on Thursday, August 8, 2024, at 8 a.m. CDT. The conference call can be accessed live over the phone by dialing 877-344-2001. Listeners should dial in 10 minutes prior to the...
Company Contributes $250,000 to Support Innovative Pantry Restock and Fresh Funds Stipends Programs, Providing Military Families with Stigma-Free Hunger Relief US Foods Holding Corp. (NYSE: USFD), one of America’s largest foodservice distributors, today announced a national partn...
2024-06-06 08:15:06 ET Wells Fargo analyst issues OVERWEIGHT recommendation for USFD on June 6, 2024 06:33AM ET. The previous analyst recommendation was Overweight. USFD was trading at $53.18 at issue of the analyst recommendation. The overall analyst consensus : BUY. ...