Tag: Food

PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales.

Shares of Conagra Brands were falling Wednesday after the packaged-food company reported quarterly earnings that missed analysts’ estimates.

Hot sauce maker McCormick raised its annual earnings forecast on Tuesday after posting better-than-expected third-quarter results, banking on consumers choosing to make meals at home to curb discretionary spending amid sticky inflation.

Shares of the company were down about 1% as General Mills saw gross margins decline in the quarter. It reported a gross margin of 34.8% owing to higher input costs and an unfavorable inventory mix.

H βιομηχανία γάλακτος ΚΡΙ-ΚΡΙ δημοσίευσε τις οικονομικές καταστάσεις α’ εξαμήνου 2024. Ο κύκλος εργασιών διαμορφώθηκε σε €130,87 εκ. έναντι €112,97 εκ. το 2023 (αυξημένος +15,8%).

General Mills Inc. said Thursday it has reached an agreement to sell its North American yogurt business to French dairy companies Lactalis and Sodiaal for $2.1 billion in cash.

 Nestle CEO Mark Schneider was ousted in a sudden move by the world’s biggest foodmaker as a result of the group’s underperformance, three sources familiar with the matter told Reuters on Friday.

US confectionery giant to pay $83.50 per share for snack rival

 A spike in bargain-basement crop sales by U.S. farmers needing to make room in storage bins for autumn harvests could boost profitability at grain handlers such as Archer-Daniels-Midland and Bunge Global

Shares of Pringles maker Kellanova surged about 22% in trading before the bell on Monday, after a Reuters report said candy giant Mars was exploring a potential buyout of the company.

Hershey Co. HSY shares are down 7.1% premarket after the chocolate and salty snacks company reported a second-quarter top and bottom line miss and lowered its 2024 guidance.

Abbott Laboratories shares were falling ahead of the opening bell on Monday after a jury found the company had failed to warn that its premature baby formula could increase infants’ risk of developing a potentially deadly bowel illness.

Nestle SA lowered its sales outlook for the year as consumers balk at price increases on branded food, water and pet-care products that had driven revenue growth during a post-pandemic bout of inflation.

Beyond Meat, the purveyor of plant-based meat substitutes, has engaged with a group of bondholders to initiate discussions about a balance-sheet restructuring, according to people familiar with the matter. 

U.S. grains merchant Bunge and Glencore-backed Viterra have offered concessions aimed at winning EU antitrust approval for their $34 billion merger, the European Commission website showed on Friday.

General Mills stock was falling after the branded food maker beat quarterly earnings estimates but fell short on sales.

Την εισαγωγή των μετοχών της στην Κύρια Αγορά της Ρυθμιζόμενης Αγοράς Αξιών του Χρηματιστηρίου Αθηνών («ΧΑ») ανακοίνωσε η «KORINTHIAN FOODS AΝΩΝΥΜΗ EΤΑΙΡΕΙΑ» (η «Korinthian Foods», ή η «Εταιρεία»), ελληνική εταιρεία βιομηχανικής εστίασης.

Αύξηση πωλήσεων και μεγεθών παρουσίασε στο α’ τρίμηνο της τρέχουσας χρήσης η βιομηχανία γάλακτος ΚΡΙ-ΚΡΙ.

Nestle will market a new, $5 line of frozen pizzas and protein-enriched pastas in the United States which it says it designed specifically for people taking drugs such as Wegovy or Ozempic for weight loss.

WK Kellogg Co beat Wall Street estimates for quarterly sales on Tuesday, as higher product prices offset pressure from slowing demand for the Froot Loops maker’s ready-to-eat breakfast items and snacks.