Tag: Food

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.

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.