Tag: Food

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.

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.