Tag: Food

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.

Shares of Tyson Foods were edging higher Monday after the meat company reported improving profit at its chicken segment.

Stock in The Hershey Company  jumped on Friday after the chocolate seller reported better-than-expected profits and sales on the back of higher prices.

Kellanova the packaged food giant formerly known as Kellogg, said Thursday it had net income of $267 million, or 78 cents a share, in the first quarter, down from $298 million, or 86 cents a share, in the year-earlier period. Sales fell to $3.200 billion from $3.342 billion a year ago.

Ελαφρά αυξημένες, κατά 2,44%, ήταν οι πωλήσεις για τον όμιλο Loulis Food Ingredients το 2023, ξεπερνώντας τα €200 εκατ. Από την άλλη πλευρά τα κέρδη ήταν πολύ υψηλότερα σε σχέση με το 2022.

 France’s Danone reported stronger-than-expected first quarter sales on Thursday and said consumers would see “very little” change in prices of its products on shelves in stores in Europe and North America this year as cost inflation eases.

Σημαντικά ενισχυμένος κατά 25,9% εμφανίστηκε ο κύκλος εργασιών της γαλακτοβιομηχανίας Κρι-Κρι, που διαμορφώθηκε κατά το 2023 στα €216,33 εκ. έναντι €171,88 εκ. το 2022.Ομοίως, οι πωλήσεις σημείωσαν αύξηση 25,9%, ενώ στα €45,12 εκατ. διαμορφώθηκαν τα EBITDA από €8,86 εκατ. πέρυσι, σύμφωνα και με τις ετήσιες χρηματοοικονομικές καταστάσεις για την χρήση 2023.

Chocolate maker Barry Callebaut reported a small rise in first-half sales volumes on Wednesday, easing fears that a sharp rise in cocoa prices and other inflationary pressures might hit demand and sending its shares as much as 10% higher.