Tag: Food

Hershey forecast annual profit below Wall Street estimates on Thursday as record cocoa prices weigh on the Kit Kat maker’s margins.

Archer-Daniels-Midland Co. said it will reduce its work force as the company expects profits to decline for a third straight year.

PepsiCo forecast annual profit below expectations and missed quarterly revenue estimates on Tuesday, as the Doritos maker faces weakening demand for its sodas and snacks such as Lay’s in the United States, its largest market.

Tyson Foods raised its annual sales forecast on Monday as robust demand for its beef and chicken products helped the meat packer beat estimates for first-quarter results, sending its shares up 4% in premarket trade.

Barry Callebaut shares fell on Wednesday after the company missed sales volume expectations and cut its guidance for fiscal 2025 as soaring cocoa bean prices drag demand. Shares were down 5.9% at 1,079 Swiss francs in European morning trading, the lowest level in nearly 10 years.

Διατηρήθηκε ο διψήφιος ρυθμός ανάπτυξης της ΚΡΙ – ΚΡΙ για το σύνολο της χρήσης του 2024, σύμφωνα με τη διοίκησή της, και ο ετήσιος κύκλος εργασιών εκτιμάται ότι θα ξεπεράσει τα 250 εκατ. ευρώ, έναντι 216,33 εκατ. το 2023 και 171,88 εκατ. το 2022.

Mars Inc. is borrowing the equivalent of $1 billion through privately-placed bonds, people with knowledge of the matter said, as it begins to repay bank loans it took out to help buy foodmaker Kellanova.

Conagra Brands on Thursday trimmed its annual profit forecast on signs that price reductions on its products across grocery, snacks and frozen food items to spark demand will weigh on its margins.

General Mills stock tumbled in premarket trading Wednesday after the packaged-food company reported better-than-expected fiscal second-quarter earnings but lowered its fiscal-year outlook.

Nestle is launching protein shots in the United States which it says help suppress appetite for people looking to shed pounds, the latest effort by the world’s biggest packaged food maker to tap the booming market for weight-loss products.

Βελτίωση των οικονομικών της μεγεθών καταγράφει η βιομηχανία γάλακτος ΚΡΙ-ΚΡΙ Α.Ε. στο εννεάμηνο του 2024 από την αντίστοιχη περυσινή περίοδο, με την εταιρεία να σημειώνει ότι “η εξωστρέφεια αποδίδει καρπούς” στην ανακοίνωση των αποτελεσμάτων της.

Η Tetra Pak προχωρά στην επέκταση παραγωγής γιαουρτιού της Κρι Κρι, δημιουργώντας μία νέα μονάδα με διπλάσια δυνατότητα υποδοχής και αποθήκευσης γάλακτος, με την εγκατάσταση του μεγαλύτερου παστεριωτή γιαουρτιού στην Ελλάδα.

Tyson Foods beat Wall Street expectations for fourth-quarter results on Tuesday, as lower costs and strong demand for its pork and beef products helped offset slowdown in the chicken segment, sending its shares up 6% before the bell.

Archer-Daniels-Midland shares fell 7% premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after finding additional accounting irregularities.

Mondelez International on Tuesday beat third-quarter revenue and profit estimates, as the Cadbury parent’s efforts to provide its products at different price points drove a sequential improvement in sales volumes.

Kraft Heinz on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant’s branded products including Lunchables meal kits and Oscar Mayer cold cuts.

Nestle is revamping senior leadership and its operating structure, the food giant said on Thursday, as it cut its full-year sales outlook following weaker than expected nine-month underlying sales growth.

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.