Tag: Food

Shares of Kellanova formerly known as Kellogg, climbed 2% ahead of Thursday’s open, as the snacks and cereal company, with brands including Pop-Tarts, Cheez-It and Special K, beat fourth-quarter earnings expectations, as price increases offset a decline in volume and the divestiture of its business in Russia.

Hershey Co. reported a fourth-quarter earnings beat before market open Thursday, although shares fell 3.4% in premarket trades, weighed down by weaker-than-expected sales and guidance.

Tyson Foods Inc.’s stock rose 3.8% early Monday, after the parent of food brands Tyson, Hillshire Farm, Jimmy Dean and Ball Park beat profit estimates for its fiscal first quarter.

Mondelez International, the packaged-food giant behind Oreo cookies, sold lower amounts of products in the fourth quarter, as inflation finally takes a toll on consumer demand.

Barry Callebaut said it increased revenue in its first fiscal quarter, mainly thanks to higher pricing.

Archer Daniels Midland was falling sharply Monday after the agriculture company placed its chief financial officer, Vikram Luther, under administrative leave as it investigates its accounting practices.

Carrefour is telling customers it will no longer sell PepsiCo products like Pepsi, Lay’s crisps and 7up because they had become too costly, in the latest tug-of-war over prices between retailers and global food giants

Shares of General Mills Inc. GIS, +0.56% sank 4.7% in premarket trading Wednesday, after the consumer-foods company reported fiscal second-quarter profit that beat expectations, while revenue missed and the full-year outlook as consumers continue “stronger-than-expected value-seeking behaviors.”

Dec 6 (Reuters) – Campbell Soup surpassed Wall Street expectations for quarterly profit on Wednesday, benefiting from higher prices for its packaged meals and snacks that helped offset a slowdown in demand from cost-conscious consumers.

SHANGHAI, Dec 4 (Reuters) – The decision by McDonald’s to take greater control of its China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky – but the potential pay-off is great, analysts say.

Στη Vivartia περνά το 25% της ηπειρώτικης γαλακτοβιομηχανίας Δωδώνη, που δεν ήλεγχε έως τώρα.

Στα 176,67 εκατ. ευρώ διαμορφώθηκε ο κύκλος εργασιών της γαλακτοβιομηχανίας ΚΡΙ-ΚΡΙ στο εννεάμηνο 2023 έναντι 137,26 εκατ. ευρώ που ήταν στο αντίστοιχο διάστημα του 2022 σημειώνοντας αύξηση 28,7%.

Shares of Tyson Foods Inc. dropped 3.1% in premarket trading Monday, after the processed meats company topped fiscal fourth-quarter profit expectations but missed on sales and provided a downbeat full-year outlook as overall protein production is projected to decline.

Shares of Kellanova, formerly known as Kellogg, rose 2.1% toward a five-week high in premarket trading Wednesday, after the snacks and frozen foods company beat third-quarter profit expectations, but missed on revenue and provided a downbeat outlook.

McDonald’s third-quarter earnings and revenue beat Wall Street’s estimates.

Chipotle’s third-quarter earnings topped Wall Street’s estimates.

Shares of Hershey Co. +2.20% rallied 2.3% in premarket trading Thursday after the chocolate and salty snacks company beat profit and revenue expectations, helped primarily by higher prices.

NEW YORK, Oct 25 (Reuters) – Consumer Reports on Wednesday said it has found “concerning” levels of lead and cadmium in a new array of chocolate products, and renewed its call for Hershey to reduce the amounts of heavy metals its chocolate contains.

Tyson Foods Inc. +1.83% said Tuesday it is planning to acquire a minority stake in Protix, a Dutch company that’s a leader in insect ingredients, as it works on more sustainable protein production. Tyson did not disclose terms, but said it plans to fund Protix’s global expansion.

Oct 6 (Reuters) – Nestle (NESN.S) shares were under pressure on Friday as investors weighed the potential impact of Novo Nordisk’s (NOVOb.CO) blockbuster weight-losing drug Wegovy and how it could reduce spending on food.