Food and drink
15 stocks with a history of dividend growth are expected to deliver once again this year
Broadcom (AVGO), Caterpillar (CAT) and Eli Lilly (LLY) are among the 15 Club stocks with a streak of annual dividend growth that Wall Street expects to continue in their current fiscal years. Long-term investors should look to own companies with a history of dividend growth instead of chasing stocks with high yields, Morgan Stanley strategists […]
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PepsiCo beats Wall Street estimates, raises earnings outlook
Pepsi products at a convenience store in Crockett, California, US, on Friday, June 16, 2023. David Paul Morris | Bloomberg | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations and raised its outlook for its full-year earnings. Shares of the company rose 2% in premarket trading. Here’s what the company reported […]
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Mexican liquors and beers are on the increase in the U.S. — here’s what is driving the torrid growth
Deals of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images People today in the U.S. are ingesting less liquor than they employed to, but when they do indulge, they’re more likely than ever to decide for a beverage originating […]
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Here are all the portfolio moves the Club made in this week’s oversold market
With the stock market deeply oversold this week, we put cash to work by picking stocks across a range of sectors including energy, technology and materials. We also added a former Club chipmaker to our Bullpen and upgraded a premium beer name to a buy rating. Finally, Friday’s market reversal helped us make good on […]
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Delighted food? Continual need for french fries is fantastic information for U.S. financial state
Image source: Jaromila | E+ | Getty Photographs Individuals are still splurging for a side of fries with their foods. That can have a optimistic browse-via for the overall economy. Frozen potato supplier Lamb Weston Holdings has found the share of customers buying the legendary aspect with rapid meals meals — regarded as the fry […]
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Constellation Brands beats on earnings as Modelo-fueled beer momentum continues
In this photo illustration, bottles of Modelo Especial beer sit on a table on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images Constellation Brands on Thursday reported earnings and revenue that topped analysts’ expectations for its fiscal second quarter of 2024. The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra […]
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Tilray Brands revenue jumps, losses narrow as it pivots away from cannabis
Cannabis producer Tilray Brands on Wednesday reported a jump in revenue as it diversifies its portfolio and moves deeper into the beer industry. The company reported $177 million in net revenue, up 15% year-over-year, for its fiscal first-quarter. Its cannabis division brought in $70 million in net revenue, reflecting a 20% spike year-over-year. It also narrowed […]
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Krispy Kreme puts Insomnia Cookies brand up for sale as it doubles down on donuts
In this photo illustration, a Krispy Kreme glazed doughnut is shown on May 12, 2022 in Daly City, California. Justin Sullivan | Getty Images Krispy Kreme is exploring strategic alternatives, including an all-cash sale, of its majority stake in Insomnia Cookies, the company said Tuesday. The decision is part of an effort to focus more […]
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Big Food vs. Big Pharma: Companies bet on snacking just as weight loss drugs boom
The snack aisle is seen during a tour of a new Amazon Go store in the Capitol Hill neighborhood of Seattle, Washington, U.S., on Monday, Feb. 24, 2020. Chona Kasinger | Bloomberg | Getty Images For more than a century, frosted cornflakes have been the backbone of Kellogg’s business. That changes Monday, when the company […]
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Blue Apron to be acquired by Wonder Group for $103 million, capping tumultuous post-IPO ride
Scott Eisen | Getty Images News | Getty Images Meal kit business Blue Apron announced Friday it has agreed to sell itself to food and restaurant company Wonder Group, founded by entrepreneur Marc Lore, for $103 million. The deal, at $13 per share, represents a significant premium from Blue Apron’s per-share price at Thursday’s close […]
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