Food Stocks Positioning for Positive 4th Quarter With new Product Introductions and Revenue Announcements

Mittwoch, 19.10.2016 17:45 von

PR Newswire

CORAL SPRINGS, Florida, October 19, 2016 /PRNewswire/ --

The launch of various new products within the food sector has driven the consumer goods industry upward companies look to boost sales the remaining part of this year counting on earnings and profitability to climb. News and calendar events of note in the markets are watching Packaging Corporation of America (NYSE: PKG) , Sugarmade, Inc. (OTC: SGMD), Graphic Packaging Holding Company (NYSE: GPK), Archer Daniels Midland Company (NYSE: ADM) and Crown Holdings Inc. (NYSE: CCK)

Sugarmade, Inc. (OTC: SGMD) - Fiscal 2016 Results - Revenues Grow to $4.35 Million from $2.9 Million - Prepares to Rollout Out Sriracha Seasoning Stix. Sugarmade announced this week results for the 2016 fiscal year of $4.35 million in revenue versus $2.9 million for the previous fiscal year. Gross margins for the 2016 fiscal year were 35%, up from 30% during the previous year. During Fiscal 2015, the Company began an aggressive restructuring program that included a significant acquisition, alignments of staffing positions, streamlining of the product offers and the entrance into new product areas. With this restructuring complete, the Company is planning a series of new product introductions designed to continue to grow its revenue base.

Read this and more news for Sugarmade (SGMD) at:

Sugarmade today also announces its Meat, Meet Heat branding campaign for the upcoming Sriracha Seasoning Stix product launch under its licensing agreement with Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. The Company plans a November launch, which will include nationwide advertising and online marketing campaigns. Sriracha lovers of all kinds can receive free, no obligation, samples of Sriracha Seasoning Stix at the Company's website at . Sriracha Seasoning Stixs are encapsulated Huy Fong Sriracha Sauce and other seasonings in the form of a "stick" which are inserted into meat, fish and poultry prior to cooking.   Sriracha Seasoning Stixs are a hard solid at room temperature, but as heat is applied the sticks begin to liquefy allowing the meat fibers to act like a sponge absorbing all the delicious Sriracha flavors.

In other calendar events and happenings in the around the markets include: 

Packaging Corporation of America (NYSE: PKG) recently announced that it has entered into a definitive agreement to acquire substantially all of the assets of Columbus Container, Inc., an independent corrugated products producer, in a cash-free, debt-free transaction for a cash purchase price of $100 million. Under the terms of the agreement, PCA will acquire a full-line corrugated products facility located in Columbus, Indiana, five warehousing facilities and other related operations located in Indiana and Illinois. The transaction is structured as a purchase of assets resulting in a full step-up of the assets to fair market value.

Graphic Packaging Holding Company (NYSE: GPK) will release results for third quarter 2016 on Tuesday, October 25th before the market opens. The same morning, the Company will host a conference call at 10:00 a.m. eastern time to discuss third quarter results. To access the conference call, please go to the Investor Relations section of the Graphic Packaging website: and click on the audio webcast link. For those who need to call in from within North America, dial 800-392-9489 at least 10 minutes prior to the start of the conference call (Conference ID #61299822). Replays of the call will be available for one week following the completion of the call and can be accessed by dialing 855-859-2056.

Archer Daniels Midland Company (NYSE: ADM) also will release financial results for the third quarter of 2016 before the market opens on Tuesday, Nov. 1, 2016. The company will host a webcast at 8 a.m. Central Time to discuss financial results and provide a company update. A slide presentation will be available for download approximately 60 minutes prior to the webcast.

Crown Holdings Inc . (NYSE: CCK) closed up on Tuesday at $55.98 on over 1.93 Million shares traded by the market close. Crown Holdings Inc. designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific is leading provider of third party publishing & news dissemination services.  If you would like more information regarding our news coverage solutions, please visit for more details.  Get an edge on the market with our Premium News Alerts that are FREE for a limited time at  Follow us on Facebook: and Twitter: 

DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated one thousand five hundred dollars for news coverage of the current press release issued by Sugarmade, Inc by a non-affiliated third party. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information:
Company: FN Media Group, LLC
Contact email:
Phone: +1(954)345-0611

SOURCE FN Media Group, LLC