DAR

The Boston Beer Company, Inc. SAM reported mixed third-quarter 2026 results, with earnings surpassing the Zacks Consensus Estimate but revenues falling short. Adjusted earnings per share (EPS) of $4.37 beat the consensus estimate of $4.30. The figure increased 2.8% from $4.25 in the year-ago quarter. Net revenues declined 3.2% year over year to $520.1 million, missing the consensus estimate of $523 million. Lower shipment volumes weighed on sales, while favorable pricing, product mix and improved brewery efficiencies supported profitability. This Zacks Rank #3 (Hold) company's shares have gained 8.7% over the past three months compared with the industry's 4.1% growth. Image Source: Zacks Investment Research Boston Beer's depletions declined 5% year over year. Shipment volumes decreased 4.9% to approximately 1.8 million barrels, reflecting continued weakness across several established brands. Declines in Twisted Tea, Truly and Samuel Adams were partially offset by growth in Sun Cruiser and Angry Orchard. Sun Cruiser delivered approximately 60% growth in tracked channels during the quarter, while Angry Orchard recorded its sixth consecutive quarter of growth. Distributor inventories averaged approximately four weeks on hand at quarter-end compared with four and a half weeks in the prior-year period. Management considered inventory levels appropriate. Gross margin expanded 90 basis points (bps) year over year to 51.7% compared with 50.8% in the third quarter of 2025. Favorable product mix, pricing actions, procurement savings and improved brewery efficiencies supported the increase. These benefits were partially offset by higher commodity and tariff costs. Shortfall fees and noncash expenses associated with third-party production prepayments totaled $1.6 million, reducing gross margin by approximately 31 bps. Management highlighted continued progress in its supply-chain transformation. The company produced 98% of domestic volumes internally during the quarter compared with 89% a year earlier. The Boston Beer Company, Inc. price-consensus-eps-surprise-chart | The Boston Beer Company, Inc. Quote Advertising, promotional and selling expenses remained nearly flat year over year at $165.2 million. Freight expenses increased $9.5 million as higher transportation rates outweighed benefits from lower shipment volumes. General and administrative expenses decreased $2.1 million to $42.9 million, primarily due to lower salary and benefit costs. Boston Beer ended the quarter with cash and cash equivalents of $308.1 million and no debt. The company also had $150 million available under its revolving credit facility. Net cash provided by operating activities totaled $194.2 million during the first 39 weeks of 2026 compared with $230.2 million in the year-ago period. Capital expenditures amounted to $31.2 million, down from $36.7 million. The company repurchased $79.5 million of Class A common shares from Dec. 28, 2025, through Oct. 16, 2026. Approximately $149 million remained under its board-authorized $1.6 billion share repurchase limit. Management remains focused on improving market share trends and expanding higher-margin product offerings. Sun Cruiser continues to benefit from distribution gains and strong consumer demand, while Angry Orchard maintains positive momentum. Boston Beer is also expanding its innovation portfolio. Rally Dog Vodka Ade and Lytt Electric Coolers are scheduled for national availability in 2027, creating additional opportunities in emerging ready-to-drink beverage categories. Meanwhile, management expects modest shipment growth in the fourth quarter, aided by prior-year inventory adjustments and shipment timing. The company anticipates its most pronounced year-over-year gross margin improvement in the final quarter, supported by lower shortfall fees. Boston Beer revised its 2026 guidance, reflecting continued volume softness alongside improving operational productivity. The company now expects depletions and shipments to decline by mid-single-digit percentages compared with its previous projection of low-to-mid-single-digit declines. Price increases are likely to be 1-2%. The gross margin outlook was raised to 49-50% from 48.5-50%, supported by productivity savings, improved product mix and lower anticipated tariff costs. Expected tariff expenses were reduced to $18-$22 million from $20-$30 million. Advertising, promotion and selling expenses are likely to remain nearly flat year over year. Adjusted EPS is now projected at $9-$10.50 compared with the prior range of $8.50-$10.50. The company also lowered its capital spending outlook to $55-$70 million from $60-$80 million. The Chefs' Warehouse, Inc. CHEF, which is a distributor of specialty food products in the United States, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Chefs' Warehouse's current financial-year sales indicates growth of 10.8% from the prior-year level. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average. Utz Brands, Inc. UTZ, which is a leading manufacturer of a diverse portfolio of salty snacks, currently carries a Zacks Rank #2 (Buy). UTZ delivered a trailing four-quarter earnings surprise of 1.8%, on average. The Zacks Consensus Estimate for UTZ's current financial-year sales indicates a rise of 3.7% from the year-ago number. Darling Ingredients Inc. DAR, which produces sustainable natural ingredients derived from edible and inedible bio-nutrients, currently carries a Zacks Rank of 2. The consensus estimate for Darling Ingredients' current financial-year sales is expected to rise 12.2% from the year-ago reported figure. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boston Beer Company, Inc. (SAM) : Free Stock Analysis Report Darling Ingredients Inc. (DAR) : Free Stock Analysis Report The Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis Report Utz Brands, Inc. (UTZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Darling Ingredients Inc. DAR is likely to witness top-and bottom-line growth when it reports third-quarter 2026 earnings on Oct. 29. The Zacks Consensus Estimate for revenues is pegged at $1.8 billion, indicating an almost 14% increase from the year-ago reported number. The consensus mark for earnings has risen 1.6% over the past 30 days to $1.89 a share, which suggests a substantial jump from the year-ago period's EPS of 12 cents. DAR has a trailing four-quarter surprise of 38.9%, on average. Darling Ingredients Inc. price-consensus-eps-surprise-chart | Darling Ingredients Inc. Quote Darling Ingredients' Feed segment is likely to have benefited from sustained demand for fats and proteins. Robust biofuel-sector demand, tight global fishmeal supplies and increased U.S. poultry production may have supported favorable pricing. Contributions from the three Patense rendering facilities acquired in Brazil, alongside continued operational efficiencies, commercial optimization and disciplined contract management, are likely to have aided segment performance. The Food segment is expected to have gained from growing collagen demand across food, nutrition and health applications in the United States, Europe and Asia. The company's continued shift toward higher-margin collagen and targeted health ingredients, including Nextida, may have supported a favorable product mix and profitability. The Fuel business is likely to have benefited from supportive renewable diesel market fundamentals and demand for low-carbon fuels. In its latest release dated Oct. 22, Darling disclosed that Diamond Green Diesel ("DGD") shipped 314.9 million gallons of renewable fuels during the third quarter, generating adjusted EBITDA of $1.30 per gallon. Management also introduced fiscal 2026 combined adjusted EBITDA guidance of $2.2-$2.3 billion, citing strong core-business fundamentals and favorable momentum entering the fourth quarter. However, summer weather-related operating challenges could have weighed on core operations. Management indicated that the timing of DGD renewable diesel sales and certain commercial activities could affect third-quarter results, with related benefits expected to materialize in the fourth quarter. Our proven model doesn't conclusively predict an earnings beat for Darling Ingredients this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. Darling Ingredients currently carries a Zacks Rank #2 and has an Earnings ESP of -10.05%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle. Altria Group, Inc. MO currently has an Earnings ESP of +0.26% and a Zacks Rank #2. The consensus estimate for quarterly revenues is pegged at $5.3 billion, which indicates an improvement of about 1% from the figure reported in the prior-year quarter. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Altria's upcoming quarter's EPS is pegged at $1.51, which calls for 4.1% growth from the figure reported in the prior-year quarter. MO delivered a trailing four-quarter earnings surprise of 1.3%, on average. Sysco Corporation SYY currently has an Earnings ESP of +2.58% and a Zacks Rank of 3. The consensus estimate for the quarterly revenues is pinned at $22.2 billion, which suggests 4.9% growth from the figure reported in the prior-year quarter. The Zacks Consensus Estimate for Sysco's upcoming quarter's EPS is pegged at $1.16, which calls for a 0.9% increase from the year-ago period's figure. SYY delivered a trailing four-quarter earnings surprise of nearly 1%, on average. Archer-Daniels-Midland Company ADM currently has an Earnings ESP of +18.48% and a Zacks Rank of 3. The Zacks Consensus Estimate for its upcoming quarter's revenues is pegged at $22.7 billion, suggesting 11.3% growth from the figure reported in the prior-year quarter. The consensus estimate for Archer-Daniels' earnings is pegged at $1.44 per share, implying an increase of 56.5% from the year-ago quarter. ADM delivered a trailing four-quarter earnings surprise of 11.3%, on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Darling Ingredients Inc. (DAR) : Free Stock Analysis Report Altria Group, Inc. (MO) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Sysco Corporation (SYY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Darling Ingredients (DAR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This producer of natural ingredients from edible and inedible bionutrients is expected to post quarterly earnings of $1.89 per share in its upcoming report, which represents a year-over-year change of +1475%. Revenues are expected to be $1.78 billion, up 14% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 10.31% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Darling, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -10.05%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Darling will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Darling would post earnings of $1.45 per share when it actually produced earnings of $2.41, delivering a surprise of +66.21%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Darling doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Sanfilippo & Son (JBSS), another stock in the Zacks Food - Miscellaneous industry, is expected to report earnings per share of $1.5 for the quarter ended September 2026. This estimate points to a year-over-year change of -5.7%. Revenues for the quarter are expected to be $305.64 million, up 2.3% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for John B. Sanfilippo has been revised 20.4% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate. When combined with a Zacks Rank of #5 (Strong Sell), this Earnings ESP makes it difficult to conclusively predict that John B. Sanfilippo will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Darling Ingredients Inc. (DAR) : Free Stock Analysis Report John B. Sanfilippo & Son, Inc. (JBSS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

IRVING, Texas, October 22, 2026--(BUSINESS WIRE)--Darling Ingredients Inc. (NYSE: DAR) today issued the following statement regarding third quarter earnings. Third quarter 2026 earnings for Darling Ingredients' 50/50 joint venture known as Diamond Green Diesel (DGD) were released today by Darling Ingredients' joint venture (JV) partner within its renewable diesel segment as part of its third quarter consolidated results. The JV partner today reported that its renewable diesel segment earned approximately $350 million in operating income for the three months ended Sept. 30, 2026. For the nine months ended Sept. 30, 2026, the JV partner reported that its renewable diesel segment earned approximately $1.3 billion in operating income. In the three months ended Sept. 30, 2026, DGD sold/shipped 314.9 million gallons of renewable fuels. For the nine months ended Sept. 30, 2026, DGD sold/shipped 936.1 million gallons of renewable fuels. As determined on a stand-alone basis by Darling Ingredients, DGD Adjusted EBITDA per gallon for the three months ended Sept. 30, 2026, was $1.30. As determined on a stand-alone basis by Darling Ingredients, DGD Adjusted EBITDA per gallon for the nine months ended Sept. 30, 2026, was $1.59. "Diamond Green Diesel delivered a solid quarter. While results were impacted by the timing of renewable diesel sales and certain commercial activities, we expect those timing differences to benefit fourth-quarter results," said Randall C. Stuewe, Chairman and Chief Executive Officer. "The fundamentals of our core business remain strong, and we remain focused on delivering on our objectives for the year. We have strong momentum into fourth quarter and expect that to continue into 2027." Supported by strong business fundamentals and a favorable run rate entering the fourth quarter, the company is providing fiscal year 2026 Combined Adjusted EBITDA guidance for Darling Ingredients of $2.2-$2.3 billion and expects to carry that momentum into 2027. Darling Ingredients will host a conference call on Thursday, Oct. 29, 2026, at 9 a.m. Eastern Time (8 a.m. Central Time) to discuss third quarter 2026 financial results, which will be released after market on Wednesday, Oct. 28, 2026, and provide an update on company operations. A presentation with accompanying supplemental financial data will also be available at darlingii.com/investors. To access the call as a listener, please register for the audio-only webcast. To join the call as a participant to ask a question, please register in advance to receive a confirmation email with the dial-in number and meeting ID for immediate access on Oct. 29 or call +1 833-461-5787 (Toll Free) or +1 626-884-3620 using meeting ID 827556345. A replay of the call will be available online via the webcast registration link two hours after the call ends. A transcript will be posted at darlingii.com/investors within 24 hours. Diamond Green Diesel Joint VentureConsolidated Statements of IncomeFor the Three and Nine Months Ended September 30, 2026 and September 30, 2025(in thousands) | Three Months Ended | | Nine Months Ended | (unaudited) | | (unaudited) | | $ Change | | (unaudited) | | (unaudited) | | $ Change | September 30, | | September 30, | | Favorable | | September 30, | | September 30, | | Favorable | | 2026 | | | | 2025 | | | (Unfavorable) | | | 2026 | | | | 2025 | | | (Unfavorable) Revenues: | | | | | | | | | | | Operating revenues | $ | 2,392,927 | | | $ | 1,203,732 | | | $ | 1,189,195 | | | $ | 6,488,972 | | | $ | 3,201,472 | | | $ | 3,287,500 | Expenses: | | | | | | | | | | | Total costs and expenses excluding lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense | | 1,974,852 | | | | 1,160,562 | | | | (814,290 | ) | | | 5,072,649 | | | | 3,257,113 | | | | (1,815,536 | ) Lower of cost or market (LCM) inventory valuation adjustment | | — | | | | 37,811 | | | | 37,811 | | | | (96,720 | ) | | | (164,438 | ) | | | (67,718 | ) Depreciation, amortization and accretion expense | | 70,289 | | | | 75,398 | | | | 5,109 | | | | 219,237 | | | | 204,399 | | | | (14,838 | ) Total costs and expenses | | 2,045,141 | | | | 1,273,771 | | | | (771,370 | ) | | | 5,195,166 | | | | 3,297,074 | | | | (1,898,092 | ) Operating income/(loss) | | 347,786 | | | | (70,039 | ) | | | 417,825 | | | | 1,293,806 | | | | (95,602 | ) | | | 1,389,408 | Other income | | 2,881 | | | | 1,621 | | | | 1,260 | | | | 8,092 | | | | 7,504 | | | | 588 | Interest and debt expense, net | | (10,593 | ) | | | (11,922 | ) | | | 1,329 | | | | (32,488 | ) | | | (34,072 | ) | | | 1,584 | Income/(loss) before income tax expense | | 340,074 | | | | (80,340 | ) | | | 420,414 | | | | 1,269,410 | | | | (122,170 | ) | | | 1,391,580 | Income tax expense/(benefit) | | (862 | ) | | $ | 221 | | | | 1,083 | | | | (534 | ) | | $ | 1,365 | | | | 1,899 | Net income/(loss) | $ | 340,936 | | | $ | (80,561 | ) | | $ | 421,497 | | | $ | 1,269,944 | | | $ | (123,535 | ) | | $ | 1,393,479 | | | | | | | | | | | | | | | | | | | | | | | Reconciliation of DGD Net Income/(Loss) to (Non-GAAP) DGD Adjusted EBITDA: | | Net income/(loss) | $ | 340,936 | | | $ | (80,561 | ) | | | | $ | 1,269,944 | | | $ | (123,535 | ) | | Income tax expense/(benefit) | | (862 | ) | | | 221 | | | | | | (534 | ) | | | 1,365 | | | Interest and debt expense, net | | 10,593 | | | | 11,922 | | | | | | 32,488 | | | | 34,072 | | | Other income | | (2,881 | ) | | | (1,621 | ) | | | | | (8,092 | ) | | | (7,504 | ) | | Operating income/(loss) | | 347,786 | | | | (70,039 | ) | | | | | 1,293,806 | | | | (95,602 | ) | | Depreciation, amortization and accretion expense | | 70,289 | | | | 75,398 | | | | | | 219,237 | | | | 204,399 | | | DGD Adjusted EBITDA (Non-GAAP) | | 418,075 | | | | 5,359 | | | | | | 1,513,043 | | | | 108,797 | | | Less: Discount and Broker Fees | | (9,666 | ) | | | (11,126 | ) | | | | | (23,886 | ) | | | (17,199 | ) | | DGD Adjusted EBITDA (Non-GAAP) after Discount and Broker Fees | | 408,409 | | | | (5,767 | ) | | | | | 1,489,157 | | | | 91,598 | | | Darling's Share 50% | | 50 | % | | | 50 | % | | | | | 50 | % | | | 50 | % | | DGD Adjusted EBITDA (Darling's Share) (Non-GAAP) | $ | 204,205 | | | $ | (2,884 | ) | | | | $ | 744,579 | | | $ | 45,799 | | | | | | | | | | | | | | About Diamond Green Diesel Diamond Green Diesel (DGD) is a 50/50 joint venture between Darling Ingredients Inc. and Valero Energy Corporation. With capacity to produce more than 1.2 billion gallons annually, DGD is one of the world's largest producers of renewable diesel and sustainable aviation fuel. About Darling Ingredients A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world's animal agricultural by-products, produces about 30% of the world's collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit darlingii.com. Follow us on LinkedIn. Use of Non-GAAP Financial Measures: Adjusted EBITDA is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity. It is presented here not as an alternative to net income, but rather as a measure of the Company's operating performance. Since EBITDA (generally, net income plus interest expense, taxes, depreciation and amortization) is not calculated identically by all companies, the presentation in this report may not be comparable to EBITDA or Adjusted EBITDA presentations disclosed by other companies. Adjusted EBITDA is calculated above and represents for any relevant period, net income/(loss) plus depreciation and amortization, restructuring and asset impairment charges, acquisition and integration costs, change in fair value of contingent consideration, foreign currency loss/(gain), net income/(loss) attributable to non-controlling interests, interest expense, income tax expense, loss on early retirement of debt, other income/(expense) and equity in net (income)/loss of unconsolidated subsidiaries. Management believes that Adjusted EBITDA is useful in evaluating the Company's operating performance compared to that of other companies in its industry because the calculation of Adjusted EBITDA generally eliminates the effects of financing, income taxes, non-cash and certain other items that may vary for different companies for reasons unrelated to overall operating performance and also believes this information is useful to investors. DGD Adjusted EBITDA is not a recognized accounting measure under GAAP; it should not be considered as an alternative to net income/(loss) or equity in net income/(loss) of Diamond Green Diesel, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity and is not intended to be a presentation in accordance with GAAP. The Company calculates DGD Adjusted EBITDA by taking DGD's net income/(loss) plus income tax expense/(benefit), interest and debt expense, net, and DGD's depreciation, amortization and accretion expense less other income. Management believes that DGD Adjusted EBITDA is useful in evaluating the Company's operating performance because the calculation of DGD Adjusted EBITDA generally eliminates non-cash and certain other items at DGD unrelated to overall operating performance and also believes this information is useful to investors. The Company calculates Darling's Share of DGD Adjusted EBITDA by taking DGD Adjusted EBITDA, net of discount and broker fees, and then multiplying by 50% to get Darling's Share of DGD's Adjusted EBITDA. Combined Adjusted EBITDA is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity. It is presented here not as an alternative to net income, but rather as a measure of the Company's operating performance. Combined Adjusted EBITDA consists of Adjusted EBITDA plus DGD Adjusted EBITDA (Darling's Share). Management believes that Combined Adjusted EBITDA is useful in evaluating the Company's operating performance compared to that of other companies in its industry because the calculation of Combined Adjusted EBITDA generally eliminates the effects of financing, income taxes, non-cash and certain other items that may vary for different companies for reasons unrelated to overall operating performance and also believes this information is useful to investors. Information reconciling forward-looking Combined Adjusted EBITDA to net income is unavailable to the Company without unreasonable effort. The Company is not able to provide reconciliations of forward-looking Combined Adjusted EBITDA to net income because certain items required for such reconciliations are outside of the Company's control and/or cannot be reasonably predicted, such as the impact of volatile commodity prices on the Company's operations, impact of foreign currency exchange fluctuations, depreciation and amortization and the provision for income taxes. Preparation of such reconciliations for Darling Ingredients Inc. would require a forward-looking balance sheet, statement of operations and statement of cash flows, prepared in accordance with GAAP for each entity, and such forward-looking financial statements are unavailable to the Company without unreasonable effort. The Company provides guidance for its Combined Adjusted EBITDA outlook that it believes will be achieved; however, it cannot accurately predict all the components of the Combined Adjusted EBITDA calculation. DGD Adjusted EBITDA per gallon is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income/(loss) or equity in net income/(loss) of Diamond Green Diesel, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity and is not intended to be a presentation in accordance with GAAP. DGD Adjusted EBITDA per gallon is presented here not as an alternative to net income/(loss) or equity in net income/(loss) of Diamond Green Diesel, but rather as a measure of Diamond Green Diesel's operating performance. Since DGD Adjusted EBITDA per gallon (generally, DGD Adjusted EBITDA less Discount and Broker Fees divided by total gallons sold) is not calculated identically by all companies, this presentation may not be comparable to Adjusted EBITDA per gallon presentations disclosed by other companies. Management believes that Adjusted EBITDA per gallon is useful in evaluating Diamond Green Diesel's operating performance compared to that of other companies in its industry because the calculation of Adjusted EBITDA per gallon generally eliminates the effects of financing, income taxes and certain non-cash and other items presented on a per gallon basis that may vary for different companies for reasons unrelated to overall operating performance. Cautionary Statements Regarding Forward-Looking Information: This media release includes "forward-looking" statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements. Statements that are not statements of historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "estimate," "guidance," "outlook," "project," "planned," "contemplate," "potential," "possible," "proposed," "intend," "believe," "anticipate," "expect," "may," "will," "would," "should," "could," and similar expressions are intended to identify forward-looking statements. All statements other than statements of historical facts included in this release are forward-looking statements. Forward-looking statements are based on the Company's current expectations and assumptions regarding its business, the economy and other future conditions. The Company cautions readers that any such forward-looking statements it makes are not guarantees of future performance and that actual results may differ materially from anticipated results or expectations expressed in its forward-looking statements as a result of a variety of factors, including many that are beyond the Company's control. Important factors that could cause actual results to differ materially from the Company's expectations include: existing and unknown future limitations on the ability of the Company's direct and indirect subsidiaries to make their cash flow available to the Company for payments on the Company's indebtedness or other purposes; reduced demands or prices for biofuels, biogases or renewable electricity; global demands for grain and oilseed commodities, which have exhibited volatility, and can impact the cost of feed for cattle, hogs and poultry, thus affecting available rendering feedstock and selling prices for the Company's products; reductions in raw material volumes available to the Company due to weak margins in the meat production industry as a result of higher feed costs, reduced consumer demand, reduced volume due to government regulations affecting animal production or other factors, reduced volume from food service establishments, or otherwise; reduced demand for animal feed; reduced finished product prices, including a decline in fat, used cooking oil, protein or collagen (including, without limitation, collagen peptides and gelatin) finished product prices; changes to government policies around the world relating to renewable fuels and greenhouse gas ("GHG") emissions that adversely affect prices, margins or markets (including for the DGD Joint Venture), including programs like renewable fuel standards, low carbon fuel standards, renewable fuel mandates and tax credits for biofuels, or loss or diminishment of tax credits due to failure to satisfy any eligibility requirements, including, without limitation, in relation to the blenders tax credit or the Clean Fuels Production Credit ("CFPC"); climate related adverse results, including with respect to the Company's climate goals, targets or commitments; possible product recall resulting from developments relating to the discovery of unauthorized adulterations to food or food additives or products which do not meet specifications, contract requirements or regulatory standards; the occurrence of 2009 H1N1 flu (initially known as "Swine Flu"), highly pathogenic strains of avian influenza (collectively known as "Bird Flu"), severe acute respiratory syndrome ("SARS"), bovine spongiform encephalopathy (or "BSE"), porcine epidemic diarrhea ("PED") or other diseases associated with animal origin in the U.S. or elsewhere, such as the outbreak of African Swine Fever in China and elsewhere; the occurrence of pandemics, epidemics or disease outbreaks; unanticipated costs and/or reductions in raw material volumes related to the Company's compliance with the existing or unforeseen new U.S. or foreign (including, without limitation, China) regulations (including new or modified animal feed, Bird Flu, SARS, PED, BSE or ASF or similar or unanticipated regulations) affecting the industries in which the Company operates or its value added products; risks associated with the DGD Joint Venture, including possible unanticipated operating disruptions and/or a decline in margins on the products produced by the DGD Joint Venture; risks and uncertainties relating to international sales and operations, including imposition of tariffs, quotas, trade barriers and other trade protections by the U.S. or foreign countries; tax changes, such as global minimum tax measures, or issues related to administration, guidance and/or regulations associated with biofuel policies, including CFPC, and risks associated with the qualification and sale of such credits; difficulties or a significant disruption (including, without limitation, due to cyber-attack) in the Company's information systems, networks or the confidentiality, availability or integrity of our data or failure to implement new systems and software successfully; risks relating to possible third-party claims of intellectual property infringement; increased contributions to the Company's pension and benefit plans, including multiemployer and employer-sponsored defined benefit pension plans as required by legislation, regulation or other applicable U.S. or foreign law or resulting from a U.S. mass withdrawal event; bad debt write-offs; loss of or failure to obtain necessary permits and registrations; the potential for future terrorist attacks, responses to terrorist attacks and other acts of war or hostility, including the ongoing conflicts in the Middle East, Africa, North Korea and Ukraine; uncertainty regarding any administration changes in the U.S. or elsewhere around the world, including, without limitation, impacts to trade, tariffs and/or policies impacting the Company (such as biofuel policies and mandates); and/or unfavorable export or import markets. These factors, coupled with volatile prices for natural gas and diesel fuel, inflation rates, climate conditions, currency exchange fluctuations, general performance of the U.S. and global economies, disturbances in world financial, credit, commodities and stock markets, and any decline in consumer confidence and discretionary spending, including the inability of consumers and companies to obtain credit due to lack of liquidity in the financial markets, among others, could cause actual results to vary materially from the forward-looking statements included in this media release or negatively impact the Company's results of operations. Among other things, future profitability may be affected by the Company's ability to grow its business, which faces competition from companies that may have substantially greater resources than the Company. The Company's announced share repurchase program may be suspended or discontinued at any time and purchases of shares under the program are subject to market conditions and other factors, which are likely to change from time to time. For more detailed discussion of these factors and other risks and uncertainties regarding the Company, its business and the industries in which it operates, see the Company's filings with the SEC, including the Risk Factors discussion in Item 1A of Part I of the Company's Annual Report on Form 10-K for the fiscal year ended January 3, 2026. The Company cautions readers that all forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update any forward-looking statements, whether as a result of changes in circumstances, new events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20261021645316/en/ Contacts Darling Ingredients Contacts Investors: Suann Guthrie Senior VP, Investor Relations and Global Affairs (469) 214-8202; [email protected] Media: Jillian Fleming Director, Global Communications (972) 541-7115; [email protected]

Constellation Brands, Inc. STZ reported second-quarter fiscal 2027 comparable earnings of $3.74 per share, up 3% year over year and above the Zacks Consensus Estimate of $3.62. The bottom line delivered a 3.3% earnings surprise. Net sales increased 6% year over year to $2.63 billion, surpassing the consensus estimate of $2.57 billion by 2.5%. Growth across both operating businesses supported the top line. Beer shipment volumes rose 5.5%, while the wine and spirits' business' volume increased 15.4%. Despite robust quarterly results, Constellation Brands' shares have lost more than 4% in after-hours trading yesterday. In the past three months, the stock has fallen 10.6% compared with the industry's 1.9% drop. Image Source: Zacks Investment Research Beer net sales increased 5% year over year to $2.5 billion, driven by a 5.5% increase in shipment volumes. Depletions, which measure distributor shipments to retail customers, dipped 0.6%. Beer sales have outpaced the Zacks Consensus Estimate of $2.4 billion. Modelo Especial depletions fell about 2%, while Corona Extra declined roughly 5%. These decreases were partially offset by growth of roughly 19% for Pacifico, 15% for Victoria and 5% for the Modelo Chelada brands. The Beer business was the top dollar and volume share gainer across Circana U.S. tracked channels. Wine and spirits net sales advanced 17% year over year to $159.4 million, reflecting a 15.4% increase in shipment volumes. The business also delivered depletion growth of 10.2%. Wine and spirits' net sales have surpassed the Zacks Consensus Estimate of $136 million. Kim Crawford and Mi CAMPO depletions increased roughly 11% and 51%, respectively. The portfolio outperformed the broader wine and spirits category in both dollars and volumes across Circana U.S. tracked channels, while the company's wine portfolio ranked as the #3 dollar share gainer in the overall wine category. Constellation Brands Inc price-consensus-eps-surprise-chart | Constellation Brands Inc Quote Comparable operating income rose 1% year over year to $896.6 million. Comparable operating margin contracted 160 basis points from the prior-year quarter to 34.1%. Beer operating income increased 1% to $964.2 million, but its operating margin fell 160 basis points year over year to 39%. Lower tariff expenses and fixed-cost absorption were more than offset by higher marketing investment and other selling, general and administrative spending. Wine and spirits generated operating income of $6.1 million against a loss of $19.8 million a year earlier, lifting its margin to 3.8%. For the first six months of fiscal 2027, operating cash flow totaled $1.5 billion. Free cash flow increased to $1.1 billion, while capital expenditures were $354.1 million. As of Aug. 31, 2026, cash and cash equivalents were $98.5 million. Long-term debt, excluding current maturities, totaled $9.1 billion. The company repurchased $530 million of shares year to date through September and returned more than $800 million to shareholders through repurchases and dividends during the first half. On Oct. 6, 2026, the company's board declared a quarterly cash dividend of $1.03 per share of Class A common stock payable Nov. 13, 2026, to stockholders of record as of Oct. 30, 2026. Subsequent to the quarter, the company acquired SpikedAde, a spirit-based ready-to-drink brand competing in the emerging sports drink-inspired "Ade" segment. Constellation Brands paid $75 million at closing for full ownership, with up to $278 million of additional contingent consideration payable over five years based on future performance. SpikedAde will be integrated into Constellation's Beer unit, with the company assuming production oversight, marketing and distribution. Constellation Brands reaffirmed its fiscal 2027 comparable earnings guidance of $11.20-$11.90 per share compared with $11.82 in fiscal 2026. It raised its reported earnings outlook to $11.85-$12.55 from the prior range of $11.50-$12.20. Management continues to expect enterprise organic net sales to range from a 1% decline to 1% growth. Beer net sales and organic wine and spirits net sales are also projected to range from a 1% decline to 1% growth. Comparable enterprise operating margin is expected to be between 32% and 33%, with beer margin of 37-38% and wine and spirits margin of 5-6%. Management expects operating cash flow of $2.4-$2.5 billion, capital expenditures of $800 million and free cash flow of $1.6-$1.7 billion for fiscal 2027. The Chefs' Warehouse, Inc. CHEF, which is a distributor of specialty food products in the United States, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Chefs' Warehouse's current financial-year sales indicates growth of 10.8% from the prior-year level. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average. Utz Brands, Inc. UTZ, which is a leading manufacturer of a diverse portfolio of salty snacks, currently carries a Zacks Rank #2 (Buy). UTZ delivered a trailing four-quarter earnings surprise of 1.8%, on average. The Zacks Consensus Estimate for UTZ's current financial-year sales indicates a jump of 3.7% from the year-ago number. Darling Ingredients Inc. DAR, which produces sustainable natural ingredients derived from edible and inedible bio-nutrients, currently carries a Zacks Rank of 2. The consensus estimate for Darling Ingredients' current financial-year sales is expected to rise 11.5% from the year-ago reported figure. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellation Brands Inc (STZ) : Free Stock Analysis Report Darling Ingredients Inc. (DAR) : Free Stock Analysis Report The Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis Report Utz Brands, Inc. (UTZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Darling Ingredients Inc. DAR is building more of its Food segment around collagen, where the economics are materially different from traditional gelatin. The company’s second-quarter 2026 materials point to growing collagen demand across the United States, Europe and Asia, along with broader applications in food, nutrition and health products. Collagen sales improved year over year, while higher whey prices are creating an additional use case, with collagen being used as a protein complement or replacement in certain whey applications. The margin profile highlights why this shift is important. In the current market environment, collagen generates roughly 2.5 to 3 times the margin of gelatin, while targeted ingredients can generate 7 to 11 times the margin of gelatin. Rousselot, which represents the majority of the Food segment, can produce these higher-margin products using its existing factories and infrastructure. This provides scope to improve EBITDA and implied net cash through product-mix optimization using the existing asset base. The shift toward higher-value products is already visible in the mix. Collagen represented about 20% of Food-segment volume in 2020 and 30% in 2025, with its share estimated at 33% by 2030. Its contribution to adjusted EBITDA increased from 35% in 2020 to 48% in 2025 and is estimated at 50% by 2030. Targeted ingredients are estimated to account for 15% of Food-segment adjusted EBITDA by 2030. With collagen demand expanding in Asia and Darling Ingredients producing about 30% of the world’s collagen, including gelatin and hydrolyzed collagen, it has a sizable global operating base as the product mix shifts toward higher-value offerings. Shares of this Zacks Rank #2 (Buy) company have gained 20.5% in the past three months compared with the broader Consumer Staples sector and the industry’s growth of 0.8% and 3.6%, respectively. EL has also outperformed the S&P 500 index’s growth of 0.8% during the same period. Image Source: Zacks Investment Research Darling Ingredients currently trades at a forward 12-month P/E ratio of 10.07, which is down from the industry average of 14.56 and notably below the sector average of 17.06. This valuation positions the stock at a modest discount relative to both its direct peers and the broader consumer staples sector. Image Source: Zacks Investment Research The Chefs' Warehouse, Inc. CHEF distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. At present, CHEF flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The consensus estimate for Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 10.6% and 33.7%, respectively, from the year-ago reported figures. Chefs' Warehouse delivered a trailing four-quarter earnings surprise of 30.4%, on average.The Vita Coco Company, Inc. COCO develops, manufactures, markets and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa and the Asia Pacific. COCO currently sports a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 21.9%, on average.The Zacks Consensus Estimate for Vita Coco’s current fiscal-year sales and earnings indicates growth of 31.6% and 63.9%, respectively, from the year-ago reported numbers. Utz Brands UTZ engages in the manufacture, marketing and distribution of snack foods in the United States and presently carries a Zacks Rank of 2. UTZ delivered a trailing four-quarter earnings surprise of 1.8%, on average.The Zacks Consensus Estimate for Utz Brands’ current financial-year sales indicates growth of 3.7% from the year-ago numbers. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Darling Ingredients Inc. (DAR) : Free Stock Analysis Report Vita Coco Company, Inc. (COCO) : Free Stock Analysis Report The Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis Report Utz Brands, Inc. (UTZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Mama's Creations, Inc. MAMA reported second-quarter fiscal 2027 results, wherein both top and bottom lines beat the Zacks Consensus Estimate and increased year over year. Mama’s Creations posted quarterly earnings of 6 cents per share, which beat the Zacks Consensus Estimate of 5 cents. The metric increased 100% from 3 cents per share in the year-ago quarter. Mama's Creations, Inc. price-consensus-eps-surprise-chart | Mama's Creations, Inc. Quote The company reported total revenues of $54.6 million, which beat the Zacks Consensus Estimate of $53 million. The metric rose 55% year over year. Growth reflected new branded-item ramps, broader customer penetration and the Bay Shore acquisition. Gross profit increased 49.1% year over year to $13.1 million. Gross margin was 24%, down from 24.9% a year ago but up from 23.6% in the prior quarter as new packaging technologies and protein form factors deployed for first-quarter product launches moved toward steady-state production. The result came despite $1 million more in trade spending than a year ago. The company said it remains on track toward the mid-to-high-20% corporate gross-margin target.Operating expenses totaled $10.1 million compared with $7.1 million in the prior-year quarter, with the increase in absolute dollars primarily tied to the Bay Shore acquisition. However, operating expenses fell 160 basis points as a percentage of revenues to 18.5% from 20.1%.Adjusted EBITDA advanced 68.9% to $5.5 million. Adjusted EBITDA margin expanded to 10.1% from 9.3%. Cash and cash equivalents reached $138.6 million as of July 31, 2026, compared with $20 million at Jan. 31, 2026. Total debt stood at $4.8 million. Operating activities generated $11.9 million of cash during the first six months of fiscal 2027.This Zacks Rank #4 (Sell) stock has fallen 15.4% in the past month against the industry’s growth of 2.5%. Image Source: Zacks Investment Research The Chefs' Warehouse, Inc. CHEF distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. At present, CHEF flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The consensus estimate for Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 10.6% and 33.7%, respectively, from the year-ago reported figures. Chefs' Warehouse delivered a trailing four-quarter earnings surprise of 30.4%, on average.The Vita Coco Company, Inc. COCO develops, manufactures, markets and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa and the Asia Pacific. COCO currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 21.9%, on average.The Zacks Consensus Estimate for Vita Coco’s current fiscal-year sales and earnings indicates growth of 31.6% and 64.7%, respectively, from the year-ago reported numbers. Darling Ingredients Inc. DAR develops, produces and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America and internationally. At present, Darling Ingredients holds a Zacks Rank of 2 (Buy). DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average. The consensus estimate for Darling Ingredients’ current fiscal-year sales and earnings implies growth of 11.5% and 926.5%, respectively, from the year-ago figures. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mama's Creations, Inc. (MAMA) : Free Stock Analysis Report Vita Coco Company, Inc. (COCO) : Free Stock Analysis Report Darling Ingredients Inc. (DAR) : Free Stock Analysis Report The Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The Campbell's Company CPB closed fiscal 2026 with continued operating pressure as elevated inflation and Snacks’ weakness outweighed momentum in Meals & Beverages.Adjusted earnings for the fiscal fourth quarter were 39 cents per share, down 37% year over year and lagging the Zacks Consensus Estimate of 40 cents. Net sales declined 8% to $2,137 million and missed the consensus mark of $2,152 million. Organic sales fell 1%, primarily due to lower volume/mix. The Campbell's Company price-consensus-eps-surprise-chart | The Campbell's Company Quote Adjusted gross profit declined 14% to $611 million. Adjusted gross margin contracted 190 basis points to 28.6%, mainly due to cost inflation and other supply-chain costs, including tariffs. Supply-chain productivity improvements partially offset these pressures.Adjusted marketing and selling expenses decreased 6% to $186 million, while adjusted administrative expenses fell 3% to $153 million. Adjusted EBIT declined 25% to $242 million, with adjusted EBIT margin falling to 11.3% from 13.8% a year earlier. The additional week in the prior-year quarter had an estimated 8% impact on adjusted EBIT. Meals & Beverages net sales decreased 4% to $1,187 million, while organic net sales increased 3% on 3% favorable volume/mix. Organic growth included an estimated two-point benefit tied to the prior-year Sovos Brands ERP implementation. Segment operating earnings declined 12% to $181 million, primarily due to inflation and other supply-chain costs.Snacks’ net sales fell 12% to $950 million, with organic net sales declining 6% as an unfavorable volume/mix of 6% outweighed a 1% favorable net price realization. Segment operating earnings dropped 34% to $101 million. Salty snacks retail sales declined 7.8%, while core Goldfish consumption returned to growth. Rao's remained a bright spot in Meals & Beverages, with total consumption up 9.6% in the quarter. Campbell's is launching an enterprise-wide program targeting $500 million in cost reductions by fiscal 2030. The company generated about $25 million in savings during the fiscal fourth quarter, bringing cumulative savings under its prior program to approximately $225 million.Several measures are already underway, including plant closures and workforce reductions that lowered the salaried workforce by approximately 13%. For fiscal 2027, management expects more than $100 million in savings and productivity above 4% of the cost of products sold. CPB also plans targeted pricing actions to help offset persistent input-cost pressure. Fiscal 2026 operating cash flow totaled $1,039 million compared with $1,131 million in the prior year. Capital expenditures were $361 million, while the company returned $496 million to its shareholders, primarily through dividends.Campbell's ended fiscal 2026 with $394 million in cash and cash equivalents. Short-term borrowings were $977 million and long-term debt totaled $6,160 million. Net leverage reached 4.3 times. To accelerate debt reduction, the board reduced the quarterly dividend to 25 cents per share from 39 cents, which is expected to lower annual cash outflows by approximately $170 million. For fiscal 2027, Campbell's expects net sales and organic net sales to decline 2-4%. Adjusted EBIT is projected to decrease 7-12%, while adjusted earnings are expected in the range of $1.65-$1.80 per share, representing a decline of 17-24%. The La Regina acquisition is expected to contribute modestly to sales and be broadly neutral to adjusted earnings.The outlook assumes raw-material and packaging inflation of 5-6%, double-digit logistics inflation and a low-single-digit benefit from net pricing. Total operating expenses are expected to decline slightly on a dollar basis, including an approximately $50 million impact from resetting incentive compensation levels Management expects first-quarter fiscal 2027 organic net sales and profit declines to fall below the lower end of the full-year ranges, reflecting continued Snacks weakness and heavier investment behind innovation and holiday activity in Meals & Beverages. Fiscal first-quarter adjusted EBIT margin is projected at approximately 10%.Performance is expected to improve after the first quarter as productivity, savings and pricing contributions build through the year. Adjusted net interest expense is projected at $345-$350 million, while capital expenditures are expected to be approximately $300 million.Shares of the Zacks Rank #4 (Sell) company have tumbled 27.2% over the past year compared with the industry’s decline of 16.3%. The Chefs' Warehouse, Inc. CHEF is a distributor of specialty food and center-of-the-plate products across the United States, Canada and the Middle East. CHEF currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for The Chefs' Warehouse’s current fiscal-year sales and earnings per share (EPS) implies growth of 10.6% and 33.7%, respectively, from the year-ago figures. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.The Vita Coco Company, Inc. COCO, a leading beverage company that develops, markets and distributes coconut water and other plant-based beverages, currently sports a Zacks Rank #1. COCO delivered a trailing four-quarter earnings surprise of 21.9%, on average.The Zacks Consensus Estimate for The Vita Coco Company’s current fiscal-year sales and EPS calls for growth of 31.6% and 64.7%, respectively, from the year-ago figures.Darling Ingredients Inc. DAR, a global developer and producer of sustainable natural ingredients derived from edible and inedible bio-nutrients, currently carries a Zacks Rank of 2 (Buy). The Zacks Consensus Estimate for Darling’s current fiscal-year sales suggests an 11.5% jump from the prior-year levels. The consensus estimate for current fiscal-year EPS stands at $6.98, which implies a substantial improvement from the year-ago period. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Campbell's Company (CPB) : Free Stock Analysis Report Vita Coco Company, Inc. (COCO) : Free Stock Analysis Report Darling Ingredients Inc. (DAR) : Free Stock Analysis Report The Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Ollie’s Bargain Outlet Holdings, Inc. OLLI reported second-quarter fiscal 2026 adjusted earnings of $1.42 per share, which improved 43.4% year over year and beat the Zacks Consensus Estimate of $1.14 by 24.6%. Net sales rose 9.1% to $741.3 million but missed the consensus mark of $753 million by 1.5%.Earnings benefited from IEEPA tariff refunds and lower tariff rates, while the sales increase reflected new-store growth. Comparable-store sales declined 1.8% as average basket size fell, with less favorable weather, consumer pressure and a heightened promotional environment weighing on demand. OLLI opened 15 stores and closed one storm-damaged location during the quarter, ending with 686 stores across 36 states. The store base increased 11.9% from a year earlier and remained the main driver of top-line growth. The company opened 42 stores in the first half of fiscal 2026.Comparable-store transactions were flat, while the average basket declined. Toys, general merchandise, summer furniture, candy and seasonal decor were the strongest categories. Lawn and garden plus room air represented more than 100 basis points of year-over-year comp pressure, with management indicating that the broader drag was more meaningful because those categories also drive store traffic. Ollie's Bargain Outlet Holdings, Inc. price-consensus-eps-surprise-chart | Ollie's Bargain Outlet Holdings, Inc. Quote Ollie’s Bargain said lower-income customers continued to prioritize needs over wants, shop closer to need and make fewer trips. Management defined that cohort at a household income of $65,000 or below. Higher-income customers, defined around $100,000 and above, continued to trade down in search of value.Ollie’s Army loyalty membership increased 12.7% to 18.1 million. New customer acquisition also increased, while management highlighted continued momentum among shoppers ages 35 to 55, with particular strength in the 35-45 range. Closeout deal flow remained strong, giving the retailer flexibility to adjust category mix and value. Gross margin expanded 360 basis points to 43.5%. IEEPA tariff refunds contributed 380 basis points, while merchandise margin declined primarily because of price investments. Lower tariff rates more than offset elevated transportation costs. Excluding the refund and related price investment, management said gross margin would have been about 40.3%-40.4%.SG&A expenses increased 80 basis points as a share of sales to 26.6%, reflecting fixed-cost deleverage from the negative comp and higher marketing costs tied to one additional merchandise flyer. Pre-opening expenses fell 42% to $5.2 million on fewer store openings and lower dark-rent expense. Adjusted net income increased 40.3% to $85.4 million. Operating income rose 40.9% to $108.5 million, while adjusted EBITDA climbed 35.5% to $127.1 million. Adjusted EBITDA margin widened 330 basis points to 17.1%.Beyond the tariff benefit, management cited favorable shrink trends and supply-chain efficiencies as additional support to earnings. The Texas distribution-center expansion was completed during the quarter, and operations have normalized. The Illinois facility expansion is expected to begin in the coming months. Total cash and investments reached $507.1 million, up 10.2% year over year, while inventories increased 10.5% to $704.4 million, primarily to support new-store growth. Capital expenditures totaled $43.3 million, with spending focused on new stores, existing-store improvements and the Texas distribution-center expansion.OLLI repurchased about $84 million of stock in the quarter and $137.3 million in the first half. The company had $121.5 million remaining under its authorization at quarter-end and continued to carry no meaningful long-term debt. Ollie’s Bargain lowered its fiscal 2026 net sales outlook to $2.928-$2.941 billion from $2.980-$3.000 billion. Comparable-store sales are now expected to range from flat to up 0.5%, down from the prior view of about 2% growth. The 75-store opening target was maintained, while planned share repurchases increased to about $175 million from $125 million.The company raised its adjusted earnings outlook to $4.57-$4.65 per share from $4.45-$4.55 and lifted the gross-margin view to about 41.3% from 40.7%. Operating income is now projected at $345-$350 million. Management expects third-quarter comps near flat and fourth-quarter comps up about 1%, while August trends were running ahead of the plan used to set guidance.Shares of this Zacks Rank #4 (Sell) company have fallen 0.8% over the past three months against the industry’s rise of 7%. The Vita Coco Company, Inc. COCO, a leading beverage company that develops, markets and distributes coconut water and other plant-based beverages, currently sports a Zacks Rank #1 (Strong Buy). COCO delivered a trailing four-quarter earnings surprise of 21.9%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for The Vita Coco Company’s current fiscal-year sales and EPS calls for growth of 31.6% and 64.7%, respectively, from the year-ago figures.Target Corporation TGT operates as a general merchandise retailer. TGT carries a Zacks Rank #2 (Buy). The consensus estimate for Target’s current fiscal-year sales and earnings implies growth of 4.7% and 37.7%, respectively, from the year-ago reported figures. TGT delivered a trailing four-quarter earnings surprise of 10.5%, on average.Darling Ingredients Inc. DAR, a global developer and producer of sustainable natural ingredients derived from edible and inedible bio-nutrients, currently carries a Zacks Rank of 2.The Zacks Consensus Estimate for Darling’s current fiscal-year sales suggests an 11.5% jump from the prior-year levels. The consensus estimate for current fiscal-year EPS stands at $6.98, which implies a substantial improvement from the year-ago period. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Vita Coco Company, Inc. (COCO) : Free Stock Analysis Report Darling Ingredients Inc. (DAR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Hormel Foods Corporation HRL reported third-quarter fiscal 2026 adjusted earnings of 37 cents per share, up 5.7% year over year and above the Zacks Consensus Estimate of 36 cents. Net sales fell 2.4% to $2,961.3 million and missed the consensus mark of $3,047 million. Organic net sales decreased 2% in the quarter. Total volume declined 7.4%, while organic volume fell 7.1%. Hormel Foods Corporation price-consensus-eps-surprise-chart | Hormel Foods Corporation Quote Adjusted selling, general and administrative expenses fell 11.6% to $216.9 million from $245.2 million. Advertising investments were $34 million compared with $41 million a year earlier.Adjusted operating income increased 4.7% year over year to $266.2 million. Adjusted operating margin expanded 60 basis points to 9% from 8.4% in the year-ago quarter. Retail net sales declined 4.3% year over year to $1,779.4 million, while organic net sales fell 3.3%. Volume decreased 9.1% as commodity turkey and private-label snack nuts pressured results. Strong performance in value-added turkey offerings, contract manufacturing and Planters snack nuts partly offset the weakness. SPAM products, Applegate natural and organic meats and Hormel chili also delivered growth, while segment profit decreased 3.7% to $118.1 million as lower sales and higher logistics expenses outweighed lower SG&A costs.Foodservice net sales rose 1.6% to $1,003.2 million, with organic net sales up 1.8%. Volume declined 1.5%, but the segment still generated its 12th straight quarter of organic net sales growth. Growth was broad-based and led by premium prepared proteins, branded pepperoni and Jennie-O turkey. Segment profit increased 2.7% to $144.5 million as higher sales and favorable pork input costs more than offset higher logistics and SG&A expenses.International net sales declined 4.7% to $178.7 million, while organic net sales fell 4.4%. Volume dropped 10.8%, and the timing of certain SPAM export sales was hurt by a one-time legal-entity transition. Segment loss was $29.2 million against $18.9 million of profit in the year-ago quarter, largely because of a non-cash impairment charge. Hormel Foods ended the quarter with $839.6 million in cash and cash equivalents, up from $670.7 million at the end of fiscal 2025. Inventories were $1.8 billion, while the company returned $161 million to its shareholders through dividends during the quarter.Cash flow from operations increased 54% year over year to $240.6 million. Capital expenditures totaled $68.2 million, with spending focused on infrastructure enhancements and data and technology investments. Hormel Foods lowered fiscal 2026 net sales guidance to $12.1-$12.2 billion from $12.2-$12.5 billion and narrowed organic net sales growth expectations to 1-2% from 1-4%. The revised view reflects the external environment and the fiscal fourth-quarter impact of the Brazil divestiture. The transaction closed early in the fiscal fourth quarter, and its expected impact is reflected in the updated guidance. The company raised adjusted operating income guidance to $1.08-$1.12 billion from $1.06-$1.12 billion. Adjusted earnings per share guidance was raised and narrowed to $1.45-$1.51 from $1.43-$1.51, implying growth of 6-10%.This Zacks Rank #4 (Sell) stock has tumbled 7.3% over the past month compared with the industry’s decline of 6.9%. Image Source: Zacks Investment Research The Chefs' Warehouse, Inc. CHEF distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. At present, CHEF flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The consensus estimate for Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 10.6% and 33.7%, respectively, from the year-ago reported figures. Chefs' Warehouse delivered a trailing four-quarter earnings surprise of 30.4%, on average.The Vita Coco Company, Inc. COCO develops, manufactures, markets and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa and the Asia Pacific. COCO currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 21.9%, on average.The Zacks Consensus Estimate for Vita Coco’s current fiscal-year sales and earnings indicates growth of 31.6% and 64.7%, respectively, from the year-ago reported numbers. Darling Ingredients Inc. DAR develops, produces and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America and internationally. At present, Darling Ingredients holds a Zacks Rank of 2 (Buy). DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average. The consensus estimate for Darling Ingredients’ current fiscal-year sales and earnings implies growth of 11.5% and 926.5%, respectively, from the year-ago figures. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hormel Foods Corporation (HRL) : Free Stock Analysis Report Vita Coco Company, Inc. (COCO) : Free Stock Analysis Report Darling Ingredients Inc. (DAR) : Free Stock Analysis Report The Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research