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Tag: Foods

Tyson Foods Stock Can Jump 40%

October 8, 2020
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We believe there may be a good opportunity with Tyson Foods stock (NYSE: TSN) at the present time. TSN trades at $59 currently and is in fact down 34% so far this year. It traded at a pre-Covid high of $82 in February and is still 28% below that level now. TSN stock has gained only 4% from the low of $57 seen in March 2020, much less than the S&P 500 which is up 50% from its March bottom. TSN stock has underperformed the broader market as restaurants and retail chains remaining shut over the last couple of months, on account of the lockdown, meant very low demand for TSN’s products. Additionally, the recent spike in Covid-positive cases has limited the stock rise over recent months.  That said, with the lockdowns being lifted, supply constraints are likely to ease leading to higher volume sold. Also, the reopening of restaurants

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Amazon and Whole Foods evolving into grocery tech giant: John Mackey

October 7, 2020
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Whole Foods CEO John Mackey discusses the surge in sales from delivery services and how trends will change after the coronavirus pandemic ends.

Amazon and Whole Foods have come a long way since merging in 2017, with the grocer emphasizing upping its game with technology.

“Some evolutions have occurred. We are a little more data-driven now than we used to be,” said CEO John Mackey during an interview with Maria Bartiromo on “Mornings with Maria” Wednesday. He added, “Amazon is helping alter our technology and upgrading it.”

Ticker Security Last Change Change %
AMZN AMAZON.COM INC. 3,176.96 +77.00 +2.48%

CORONAVIRUS PROMPTS AMAZON TO CONVERT MORE WHOLE FOODS LOCATIONS TO ONLINE DELIVERY ONLY

The $13.7 billion deal has allowed the grocer to tap Amazon’s Prime Members, which number over 100 million. He then hinted that the companies are working on even more technological advancements though he declined to detail what that

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United Natural Foods: Great Results, Better Guidance (NYSE:UNFI)

October 5, 2020
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The results are in for FY20 for United Natural Foods (NYSE:UNFI), and the highlights are pretty amazing (from press release):

  • Reduced outstanding debt, net of cash, by $388 million; year-end adjusted EBITDA leverage ratio of 4.0x
  • Net sales increased to $26.5 billion
  • Adjusted EBITDA increased to $673 million
  • Adjusted EPS increased to $2.72

Despite beating earnings and revenue estimates, and raising FY21 guidance, the stock has sold off over 20%. Some are attributing this to the CEO’s retirement announcement, but given the nine-month timetable on that decision, the explanation leaves investors wanting more. No UNFI thesis on Seeking Alpha has referenced the management team as a company strength, and if anything, the mistakes and debt burden from the Supervalu acquisition are a reminder of the team’s missteps.

Possible other explanations:

  • Q4 cash generation fell short of investor expectations
  • Relatively significant number of shares (~2m) granted to management, diluting investors
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Amazon, Whole Foods merger saved the grocery chain, according to CEO

October 4, 2020
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  • Amazon purchased Whole Foods Market for an estimated $13.7 billion in 2017.
  • Founder and CEO John Mackey wrote about the merger in his new book “Conscious Leadership.” 
  • Mackey said that Whole Foods was looking for a buyer after hedge fund JANA Partners acquired 8.8% of the grocery chain’s stock.
  • In the grocery chain CEO’s mind, Amazon and Whole Foods experienced the business world’s version of “love at first sight.”
  • “We moved from dating to engagement to marriage in just a few short months,” Mackey wrote.
  • Visit Business Insider’s homepage for more stories.

 

Locked in a battle for the soul of his grocery chain, Whole Foods Market founder and CEO John Mackey awoke one morning in 2017 with a single question on his mind: “What about Amazon?”

In his new book “Conscious Leadership,” Mackey described the “whirlwind courtship” that precipitated his company’s estimated $13.7 billion sale to Amazon. With many Whole

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Amazon says 19,816 employees, including at Whole Foods, have had covid-19 this year

October 1, 2020
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Amazon said in a blog that the number of employees who have had the illness includes its workers at its grocery store chain Whole Foods Market. In total, 19,816 employees have had covid-19 between March 1 and Sept. 19, it said, or about 1.44 percent of the 1,372,000 front-line workers for Amazon during that period.

(Amazon CEO Jeff Bezos owns The Washington Post.)

The tech giant has had a year of intense ups and downs due to the pandemic. Its sales have soared as people shopped more online, especially while shelter-in-place measures have been in place in many states. But some employees pushed back publicly on its working conditions, and shipping delays caused customers to vent their frustrations online.

Amazon emphasized that is at a lower infection rate than U.S. population’s, citing Johns Hopkins University numbers.

The numbers did not include the company’s delivery drivers, who are typically contracted workers,

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