ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure
Published . Updated .
Key takeaways
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
9M volume grew, but reported revenue and profit fell amid inflation accounting, promotions and cocoa inventory costs. FY guidance was cut to a single-digit sales decline and 9%-11% EBITDA margin; leverage remained controlled at 1.45x covenant net debt/EBITDA.Based on Ulker
Directly affected
- No company is named in this report.
Indirectly affected
- DBA Invesco DB Agriculture Fund
Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “cocoa” (grains and farm goods) in this story.
- WEAT Teucrium Wheat Fund
Teucrium Wheat Fund: it follows farm commodity prices. Linked by “cocoa” (grains and farm goods) in this story.
- TIP iShares TIPS Bond ETF
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- TLT iShares 20+ Year Treasury Bond ETF
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “debt” (US interest rates) in this story.
- WMT Walmart
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- COST Costco Wholesale
Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- ADM Archer-Daniels-Midland
Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “cocoa” (grains and farm goods) in this story.
- PG The Procter & Gamble
The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DBA | +2.60% | +1.24% | base | -0.11% | after close | after close | after close |
| WEAT | +2.53% | +1.66% | base | -0.35% | after close | after close | after close |
| TIP | +0.09% | -0.20% | base | -0.25% | after close | after close | after close |
| TLT | -0.24% | -0.19% | base | +0.04% | after close | after close | after close |
| WMT | +1.78% | +2.99% | base | +0.11% | after close | after close | after close |
| COST | -1.21% | -0.66% | base | +1.23% | after close | after close | after close |
| ADM | +8.25% | +1.20% | base | -0.24% | after close | after close | after close |
| PG | -1.07% | +1.20% | base | +1.81% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure TradingView
Source: TradingView
The price since 9 Nov 2026: Invesco Db Agriculture Fund (DBA) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Archer-Daniels-Midland (ADM) | that day | -0.24% | final price |
| Archer-Daniels-Midland (ADM) | three days earlier | +1.20% | final price |
| Archer-Daniels-Midland (ADM) | five days earlier | +8.25% | final price |
| Costco Wholesale (COST) | that day | +1.23% | final price |
| Costco Wholesale (COST) | three days earlier | -0.66% | final price |
| Costco Wholesale (COST) | five days earlier | -1.21% | final price |
| Invesco Db Agriculture Fund (DBA) | that day | -0.11% | final price |
| Invesco Db Agriculture Fund (DBA) | three days earlier | +1.24% | final price |
| Invesco Db Agriculture Fund (DBA) | five days earlier | +2.60% | final price |
| Procter & Gamble (PG) | that day | +1.81% | final price |
| Procter & Gamble (PG) | three days earlier | +1.20% | final price |
| Procter & Gamble (PG) | five days earlier | -1.07% | final price |
| Ishares Tr (TIP) | that day | -0.25% | final price |
| Ishares Tr (TIP) | three days earlier | -0.20% | final price |
| Ishares Tr (TIP) | five days earlier | +0.09% | final price |
| TLT | that day | +0.04% | final price |
| TLT | three days earlier | -0.19% | final price |
| TLT | five days earlier | -0.24% | final price |
| Teucrium Commodity Trust (WEAT) | that day | -0.35% | final price |
| Teucrium Commodity Trust (WEAT) | three days earlier | +1.66% | final price |
| Teucrium Commodity Trust (WEAT) | five days earlier | +2.53% | final price |
| Walmart (WMT) | that day | +0.11% | final price |
| Walmart (WMT) | three days earlier | +2.99% | final price |
| Walmart (WMT) | five days earlier | +1.78% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 38 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 42 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 27 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 38 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Procter & Gamble (PG), worth $1,001 - $15,000 on 23 Oct 2026. That is 17 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. David J. Taylor sold Procter & Gamble (PG), worth $1,001 - $15,000 on 12 Oct 2026. That is 28 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Pete Sessions sold Procter & Gamble (PG), worth $1,001 - $15,000 on 8 Oct 2026. That is 32 days before publication. Filed 27 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Invesco Db Agriculture Fund (DBA)
Companies mentioned with this story
- DBA Invesco Db Agriculture Fund
In “ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “cocoa” (grains and farm goods) in this story
- WEAT Teucrium Commodity Trust
Teucrium Commodity Trust (WEAT) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure.” Reason on file: Teucrium Wheat Fund: it follows farm commodity prices. Linked by “cocoa” (grains and farm goods) in this story
- TIP Ishares Tr
Ishares Tr (TIP) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure.” Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- WMT Walmart
Walmart (WMT) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure.” Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- COST Costco Wholesale
In “ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- ADM Archer-Daniels-Midland
Archer-Daniels-Midland (ADM) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure.” Reason on file: Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “cocoa” (grains and farm goods) in this story
- PG Procter & Gamble
In “ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- DE Deere
For “ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): crop traders and farm suppliers move with grain prices and trade. Linked by “cocoa” (grains and farm goods) in this story
Invesco Db Agriculture Fund (DBA)
“ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure” (9 Nov 2026) reaches Invesco Db Agriculture Fund (DBA) through this story.
Invesco Db Agriculture Fund (DBA) is on the page because Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “cocoa” (grains and farm goods) in this story
A second company, Teucrium Commodity Trust (WEAT), is listed for a different reason: Teucrium Wheat Fund: it follows farm commodity prices. Linked by “cocoa” (grains and farm goods) in this story
Dates and price levels for Invesco Db Agriculture Fund (DBA)
DBA traded between 26.80 and 28.86 across 20 sessions. The latest close on file is 26.80. TIP traded between 103.77 and 105.61 across 16 sessions. The latest close on file is 105.27. WEAT traded between 24.46 and 25.29 across 6 sessions. The latest close on file is 25.07.
What the saved facts support for Invesco Db Agriculture Fund (DBA)
46 out of 100
“ULKER: Guidance cut as resilient volumes failed to offset inflation, promotions and cocoa-cost pressure” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.