Tag: Wholesale – Consumer Staples

Agribusiness company ​Bunge (BG) said on ‌Tuesday it expects earnings to increase to ​at least $15 per ​share by 2030 and ⁠announced a new $3 ​billion share repurchase program.

Costco Wholesale’s 2026 is off to a better start than 2025, helping the stock recover last year’s losses. The company’s fiscal second-quarter earnings beat could keep the rally going.

While Costco Wholesale posted solid fiscal first-quarter earnings, investors’ reaction was muted, likely a reflection of hopes that the company would post even stronger numbers.

Costco on Thursday topped Wall Street’s expectations for quarterly earnings and revenue as the warehouse club posted double-digit gains in both membership income and its e-commerce business.

Archer-Daniels-Midland (ADM.N), posted a fall in second-quarter profit on Tuesday, hurt by weakness in oilseed crush margins and weak performance in its grain origination and crushing business.

Costco Wholesale missed analyst expectations for third-quarter revenue on Thursday and said it had pulled forward shipments of some goods it had planned to import this summer to lower the impact of U.S. tariffs.

Archer-Daniels-Midland Co. said it will reduce its work force as the company expects profits to decline for a third straight year.

Archer-Daniels-Midland shares fell 7% premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after finding additional accounting irregularities.

 A spike in bargain-basement crop sales by U.S. farmers needing to make room in storage bins for autumn harvests could boost profitability at grain handlers such as Archer-Daniels-Midland and Bunge Global

Archer Daniels Midland was falling sharply Monday after the agriculture company placed its chief financial officer, Vikram Luther, under administrative leave as it investigates its accounting practices.

Shares of United Natural Foods UNFI +0.37% were sinking Tuesday after the company pivoted to a loss in its fourth fiscal quarter and issued disappointing guidance.

Costco is taking a page from Netflix’s book.

U.S. grains merchant Bunge and Glencore -backed Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny.