Weekly Food Industry Report: July 5, 2013
Every week, we take a look into some of the biggest financial news to emerge from the world of food. Here is this week’s:
Ingles Markets: Ingles Markets declared a cash dividend of $0.165 per share on all its Class A and Class B Common Stock. Annually, this is at a rate of $0.66 and $0.60 per share, respectively. Dividends will be payable by July 25, 2013.
Hershey: The Hershey Company announced they will release their second-quarter fiscal results during a conference call held on July 25, 2013. The Company will announce their quarter fiscal results during a live webcast.
Herbalife: Herbalife Limited will release their second quarter fiscal results for 2013 on July 29, 2013, directly after the close of trading at the NYSE. On July 30, 2013, Herbalife’s senior management team will hold a conference call to discuss their recent financial results and give an update on current and predicted business trends.
NRA Restaurants: The National Restaurant Association’s Restaurant Performance Index is at an all-time high, with 14 months of strong gales in same-store sales and customer traffic to help boost foodservice optimism. During April, their RPI was at 0.9%, and now at 101.8%, marking the index’s third consecutive gain. While this is commendable, operators seem to be skeptical about future prospects, with 15% saying they anticipate economic conditions will worsen in the next six months.
3D Printing: Research and Markets announced adding 3-D Printers to their offering. Lately, 3-D Printing is being hyped as a dramatic new market invention to help improve the U.S. food and manufacturing sector.
We’re always on the lookout for tips about the week’s financial news, so if you think there’s any that we have missed, let us know!