Whole Foods Markets, Inc. (NASDAQ: WFMI), once the grocery darling of the investing market, took a serious wrong turn somewhere in the M&A market in 2007. Ever since the ill-fated acquisition of Wild Oats, WFMI has taken a dive, plunging from highs in the $60s (2006) and $50s (until late 2007) to as low as $8.68 this past December. So it was with great joy that investors heralded news of the company's fiscal third quarter results last night, exceeding analyst expectations, with earnings per share of $0.25, or $35.0 million, and sales up 2% over the year-ago quarter, to $1.9 billion. Same-store sales declined compared to the year-earlier quarter, but reversed their declining trend, down 2.5% from Q3 2008 but up from Q2 2009.JunkFood posts
FeedWhole Foods shares up on news of more whole foods
Whole Foods Markets, Inc. (NASDAQ: WFMI), once the grocery darling of the investing market, took a serious wrong turn somewhere in the M&A market in 2007. Ever since the ill-fated acquisition of Wild Oats, WFMI has taken a dive, plunging from highs in the $60s (2006) and $50s (until late 2007) to as low as $8.68 this past December. So it was with great joy that investors heralded news of the company's fiscal third quarter results last night, exceeding analyst expectations, with earnings per share of $0.25, or $35.0 million, and sales up 2% over the year-ago quarter, to $1.9 billion. Same-store sales declined compared to the year-earlier quarter, but reversed their declining trend, down 2.5% from Q3 2008 but up from Q2 2009.Continue reading Whole Foods shares up on news of more whole foods
McDonald's same-store sales reflect world's love for cheap food
The world has not been swayed by the coy laugh of organic vegetables, the winsome eyes of local produce, the sparkling personality of grass-fed beef. When money's tight, the world goes to McDonald's for a dollar burger, and maybe a splurge on Southern-style chicken, an opportunity to win big -- or small, that next package of French fries has to come from somewhere -- with the chain's traditional 'Monopoly' game. Same-store sales were up 8.2% worldwide, with a respectable 5.3% increase in U.S. outlets.McDonald's Corporation (NYSE: MCD) is still struggling to gain Wall Street approval for many of its recent moves, such as expanding hours and diving head-first into competition with Starbucks, rolling out espresso bars and fancy blended coffee drinks into its U.S. stores. Given some rough numbers from Starbucks (NASDAQ: SBUX) out yesterday, it seems reasonable to wonder whether customers are avoiding the pricey pastries and coffee drinks at Starbucks and heading for the Dollar Menu at McDonald's.
Continue reading McDonald's same-store sales reflect world's love for cheap food
Nickelodeon to cut ties to junk food
Viacom's (NYSE: VIA) Nickelodeon, a television network targeting children, has announced (subscription required) that it will no longer license its brands for food products that are unhealthy.
According to The Wall Street Journal, "Beginning in 2009, Nickelodeon will limit the use of its licensed characters on food packaging "to products that meet 'better for you' criteria as established by marketing partners in accordance with governmental dietary guidelines".
This is the socially responsible thing for Nickelodeon, and every other network targeting children to do. In the midst of a national obesity epidemic, the business world has a role to play curbing unhealthy eating habits. While this may lead to a loss of revenue, in the long-run it could be wonderful for business. Nickelodeon can now brand itself as a healthy network for kids. They could run morning exercise programs for toddlers (Sweatin' to the Nursery Rhymes?). Health-conscious parents will feel better letting their kids watch the network, knowing they will not be bombarded with unhealthy snacks featuring their favorite characters.
Hopefully Nickelodeon will be able to do well by doing good here.
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