Diageo, the parent company of Guinness, is anticipating a potential $200 million impact on its operating profits in the upcoming financial quarter starting in March if tariffs on the U.S. and Mexico are imposed next month. During an earnings call…
Tag:
profits
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Key Points: Cargill, a major agribusiness company, is cutting 5% of its workforce globally in response to a decline in profits. Approximately 8,000 employees will be affected by the layoffs as Cargill aims to adapt to changing agricultural trends and…
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Key Highlights: Tyson Foods reported a strong finish to its fiscal year, with improvements in the chicken business offsetting ongoing beef challenges. Sales increased by 2% to $13.6 billion in the fourth quarter, driven by high demand for beef and…
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Key Points: The avocado supply shortage has led to an increase in revenue for major fruit distributors. Mission Produce reported a record $324 million in third quarter revenue, while Limoneira anticipates record avocado revenue for the fiscal year. Despite higher…
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Latest News: WK Kellogg Co has announced plans to close its Omaha, Nebraska cereal plant and reduce production at its Memphis Tennessee facility in late 2025 as part of a supply chain optimization strategy. The closure of the Omaha plant…
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Key Highlights: Tyson Foods, Inc., announced record-breaking earnings for the quarter, with CEO highlighting a turnaround in chicken and pork sectors after facing tough market conditions that led to layoffs and plant closures. Chicken profits reached an eight-year high in…