Edition:
United Kingdom

Richa Naidu

Beyond Meat racks up high COVID-19 operational costs, shares fall 7%

04 Aug 2020

Beyond Meat Inc's quarterly results showed on Tuesday that the plant-based burger maker spent more than expected on dealing with the fallout of weak demand from restaurants, sending shares down about 7% after the bell.

Clorox won't have enough disinfecting wipes until 2021, its CEO says

04 Aug 2020

CHICAGO Grocery shelves won't be fully stocked with Clorox's disinfecting wipes until next year, CEO Benno Dorer told Reuters, as the world's biggest cleaning products maker struggles with overwhelming pandemic-led demand for its top product.

Beyond Meat beats quarterly sales estimates as retail sales surge

04 Aug 2020

Aug 4 Beyond Meat Inc on Tuesday reported quarterly sales that topped analyst estimates as consumers bought more plant-based meat from supermarkets during coronavirus lockdowns, offseting weaker demand from fast-food chains.

Clorox won't have enough disinfecting wipes until 2021, its CEO says

04 Aug 2020

CHICAGO, Aug 4 Grocery shelves won't be fully stocked with Clorox's disinfecting wipes until next year, CEO Benno Dorer told Reuters on Monday, as the world's biggest cleaning products maker struggles with overwhelming pandemic-led demand for its top product.

Clorox names new CEO, beats estimates on pandemic-led demand

03 Aug 2020

Clorox Co on Monday named longtime executive Linda Rendle its new chief executive officer, and reported quarterly earnings that beat estimates as the COVID-19 pandemic had people rushing to buy its bleaches and disinfectants.

Kraft Heinz takes $3 billion writedown, signals weaker second-half earnings growth

30 Jul 2020

CHICAGO Kraft Heinz Co on Thursday said second-half core earnings growth would be weaker-than-expected and took a nearly $3 billion charge on the value of several businesses, highlighting uncertainty in the food industry due to the novel coronavirus.

Kraft Heinz meat, cheese sales lag as shoppers buy premium products

30 Jul 2020

CHICAGO Second-quarter sales of Kraft Heinz’s Oscar Mayer deli meats and cheese slices grew more slowly than those of higher-end rival products such as ham from pigs fed vegetarian diets on family farms, retail data shows.

Fed, Walmart share the push to #maskup

21 Jul 2020

YORK, S.C./LEVELLAND, Texas/CHICAGO Ask a Federal Reserve official what is the most important step needed to get the economy on track from the body blow dealt by the coronavirus pandemic, and you will likely get a short and fast answer: Wear a mask.

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