Tyson Foods Profit Sinks
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The meat producer said its first-quarter profit slid 40 percent, withdrew its earnings guidance for the year and said it will hike prices largely to offset rising costs of feed.
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Krispy Kreme Doughnuts Inc. on  Thursday said its quarterly profit tumbled by more than half  and slashed its sales growth outlook for the rest of the year,  wiping 17 percent off the value of its stock.
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The countryâs largest newspaper publisher said Friday that its fourth-quarter profit dropped because of a decline in broadcasting revenue and weak newspaper ad sales.
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Tyson Foods Inc. cut its fiscal 2004 earnings forecast Monday because of weaker-than-expected demand for chicken and beef and unexpectedly steep raw material costs.
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Kroger Co. KR.N, the largest U.S.  grocer, on Tuesday reported a 25 percent drop in quarterly  profit, hurt by debt redemption costs.
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Tyson Foods Inc. (TSN.N: Quote, Profile, Research) , the largest US meat producer, on Monday said quarterly earnings dropped by more than 50 percent in part to poor results in its beef segment.
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Quarterly net profit fell to $81 million, from $133 million a year earlier, as the company took charges related to restructuring and disposing of some vending machines.
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The chicken industry was again in turmoil Monday morning after Tyson Foods (TSN:NYSE - news - research) said ineffective hedging against a rise in grain prices will leave earnings in the year ending Oct. 2 well below estimates.
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Krispy Kreme Doughnuts Inc. reported Thursday that second-quarter profits fell by more than 50 percent, widely missing Wall Street estimates.
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Albertsons Inc., the No. 2 US supermarket chain, said second-quarter profit dropped 36 percent after the Boise, Idaho-based company slashed prices to attract shoppers lost during a strike in Southern California.
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Top U.S. meatpacker Tyson Foods  Inc. TSN.N on Monday said it has been notified that the staff  of the U.S. Securities and Exchange Commission intends to  recommend a civil action against the company, which Tyson said  may include a monetary penalty.
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Tyson Foods Inc. TSN.N, the largest   U.S. meat company, said on Wednesday its $200 million   cost-cutting efforts are proceeding on schedule as the company   works to return to profitability.
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Kraft Foods Inc.  posted a sharply lower quarterly profit on Wednesday as the company continued to work on plans to revive its business.
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Campbell Soup Co  posted lower quarterly profit on Friday, hurt by higher commodity costs and promotional spending.
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U.S. meat company Tyson Foods Inc.,   said its cost-cutting efforts are on track as it works to   restore profits, but that it expects only break-even or a loss   of up to 10 cents per share for the fiscal fourth quarter,   which ends September 30.
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Shares in Tyson Foods Inc. fell more than 8 percent Monday after the company lowered its earnings forecast for the fiscal year, saying attempts to hedge grain prices backfired as demand for beef weakened.
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Food company's stock drops on weak 2008 guidance.