Food Distributors

McDonald's Corp (NYSE: MCD) reported a rise of 6.5% in its global comparable store sales in October. The company's US comparable store sales increased 5.6% y/y. MCD's Europe sales increased 5.8%. Sysco Corp (NYSE: SYY) reported a drop of 8% in its Q1 net income. The company's net income came in at...

Wall Street was looking at a slightly lower open on Monday as a quiet start to the week's trading and a weak dollar kept most investors on the sidelines. As of 7 a.m. in New York, the Dow Jones Industrial Average futures were down 26 points to 11350, the S&P 500 futures were down 4.7 points to...

Earnings Preview 11/05/10 The third quarter earnings season is now almost over, but the key word is "almost." Next week, a total of 610 firms will report, but only 21 of those will be S&P 500 firms. We define any fiscal period ending in August, September and October to be the third quarter. We...

BB&T Capital Markets is out with a research report this morning, where it reiterates its Hold rating on The Andersons Inc. (NASDAQ: ANDE); it did not provide a price target on the stock. The BB&T analysts cited the company's recently reported quarterly earnings report, which was slightly...

The Andersons Inc. (ANDE) delivered EPS of 8 cents in its third quarter ended September 30, 2010, falling short of the Zacks Consensus Estimate of 23 cents per share but was a penny ahead of 7 cents in the year-ago quarter. The year-over-year improvement reflects strong operating results at the...

The Andersons, Inc. (Nasdaq: ANDE) today announced third quarter net income attributable to the company of $1.4 million, or $0.08 per diluted share, on revenues of $707 million. In the third quarter of 2009, the company reported similar results of $1.3 million, or $0.07 per diluted share, on...

Farm products industry is trading 5% lower in Tuesday's trading session. Archer Daniels Midland Company (NYSE: ADM) lost 6.44%, after it posted earnings results, but The Andersons, Inc. (NASDAQ: ANDE) is trading almost 2% higher. Medical practitioners industry is struggling today. It trades 2.10%...

BB&T Capital Markets has downgraded The Andersons, Inc. (NASDAQ: ANDE) from Buy to Hold after the company's shares closed ahead of BB&T's price target yesterday. In its research report, BB&T writes "We have raised our FY'10 and FY'11 estimates to $3.06 and $3.25, respectively, from $2....

Spartan Stores, Inc., (Nasdaq: SPTN) announced today that the Company's Board of Directors appointed Wendy Beck and Yvonne Jackson as members of the Board of Directors. Both individuals have extensive public company experience with particular expertise in accounting, finance and human resources....

Spartan Stores, Inc., (Nasdaq: SPTN) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per common share. The dividend is payable on December 15, 2010 to shareholders of record as of the close of business on December 1, 2010. As of September 30, 2010, there...

Spartan Stores, Inc., (Nasdaq: SPTN) today reported financial results for its 12-week second quarter ended September 11, 2010. Consolidated net sales for the 12-week second quarter were $602.1 million compared with $610.2 million in the same period last year. Adjusted Earnings Before Interest,...