Welcome to our dedicated page for Where Food Comes From news (Ticker: WFCF), a resource for investors and traders seeking the latest updates and insights on Where Food Comes From stock.
Where Food Comes From, Inc. (Nasdaq: WFCF) is a third-party food verification company that regularly issues news about its verification standards, certification programs and financial performance. As America’s trusted resource for third party verification of food production practices, the company uses proprietary technology and patented business processes to support thousands of producers, brands and retailers across the food supply chain.
News about WFCF often highlights developments in its certification portfolio, such as the CARE Certified sustainability standard, the Upcycled Certified® program for upcycled food ingredients, and RaiseWell® Certified, a standard for natural livestock production and cattle verification. Announcements may cover new program launches, collaborations with supply chain partners, and applications of its standards in areas like beef, dairy, eggs and sustainable leather.
Investors following WFCF news will also find regular earnings releases and conference call notices, where the company discusses trends in verification and certification revenue, product sales and professional services. These updates provide insight into how demand for verification services, sustainability certifications and upcycled food programs is affecting the business.
In addition, WFCF news can feature partnerships with retailers, foodservice operators and manufacturers that adopt its labeling and certification programs, as well as commentary from company leadership on market dynamics affecting beef herds, tariffs, and consumer interest in responsibly produced and traceable foods.
For anyone tracking WFCF stock or the evolution of third-party food verification, this news page offers a centralized view of the company’s program launches, financial updates and supply chain collaborations. Readers can use it to monitor how new standards, such as RaiseWell Certified and CARE Certified sustainable leather, are being implemented and how they contribute to the company’s overall strategy.
Where Food Comes From, Inc. (WFCF) reported a strong first quarter in 2024 with revenue up 6% to $5.6 million. Verification and certification revenue increased by 17%, while product sales decreased by 25%. Net income rose by 47% to $178,000, and diluted EPS increased to $0.03. Adjusted EBITDA was up 8% to $432,000. The company repurchased over 116,000 shares of common stock worth $1.5 million. Despite challenges like drought conditions affecting herd sizes, WFCF continues to show growth and profitability, investing in new service offerings and returning value to shareholders.
Where Food Comes From, Inc. will release its 2024 first quarter financial results on May 2, 2024, followed by a conference call. The company is known for independent food production verification in North America.
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