UPDATE 2-BRF launches processed meats brand for cost-conscious shopper [Reuters]
BRF S.A. (BRFS)
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Source: Reuters
UPDATE 2-BRF launches processed meats brand for cost-conscious shopper | Reuters Reuters Staff 3 Min Read (Changes headlines, adds details, updates share performance) SAO PAULO, Jan 9 (Reuters) - Brazilian food company BRF SA launched a new meats brand aimed at cost-conscious buyers, venturing into the discount market that represents about one-third of the country’s processed food sales, a company executive said on Tuesday. Some 14 products including sausages, hamburgers, and cold cuts will be sold and primarily distributed at cash-and-carry outlets, BRF vice president for Brazil, Alexandre Almeida, told reporters during a conference call. Sale are set to begin in February, the company said. The launch of the discount brand follows the lifting of antitrust restrictions last July, allowing BRF to target a segment that grew during the country’s recession. Antitrust agency Cade lifted brand limits established in 2011 at the time it approved the merger of Sadia and Perdigão, which created
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BRFS
News
- BRF filed its Annual Report on Form 20-FPR Newswire
- Is BRF (BRFS) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- 22nd Century, Coffee Holding among Consumer Staples movers [Seeking Alpha]Seeking Alpha
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "neutral" rating. They now have a $3.10 price target on the stock, up previously from $1.90.MarketBeat
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating.MarketBeat
BRFS
Sec Filings
- 4/25/24 - Form 6-K
- 4/19/24 - Form 20-F
- 4/19/24 - Form 6-K
- BRFS's page on the SEC website