Tag: Food

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.

Investors in Kellogg turned frosty on the 117-year-old breakfast company on Monday, the first trading day under a new structure that splits the core North American cereal business away from snack brands such as Pringles.

Η διοίκηση της ελληνικής γαλακτοβιομηχανίας Κρι Κρι αποφάσισε να προχωρήσει στη χορήγηση έκτακτης παροχής σε όλους τους εργαζομένους της, στο ύψος ενός επιπλέον μέσου μισθού για κάθε εργαζόμενο, ποσό το οποίο ανέρχεται σε 1.000.000 ευρώ συνολικά. Συμπληρωματικά, η εταιρεία ξεκίνησε μισθολογικές αναπροσαρμογές οι οποίες φτάνουν τα 3.000.000 ευρώ σε ετήσια βάση.

Jelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share.

Campbell Soup Company (CPB) said, for fiscal 2024, the company projects adjusted earnings per share in a range of $3.09 to $3.15, an increase of 3% to 5% from prior year. Organic net sales are projected to be flat to an increase of 2%.

Campbell Soup is back in the acquisition game — and this time it’s for pricier pasta sauce.

Tyson Foods reported weaker-than-expected results for its third quarter, sending its shares over 7% lower in pre-open Friday.

July 27 (Reuters) – Mondelez International (MDLZ.O) on Thursday raised its full-year growth forecasts for the second time this year, helped by robust demand for the Oreo maker’s snacks and chocolates despite several rounds of price increases.

LONDON, July 27 (Reuters) – Nestle (NESN.S) improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world’s biggest packaged food company again raised prices to cope with higher input costs.

ZURICH, July 25 (Reuters) – Lindt & Spruengli (LISN.S) upped its full-year sales outlook to 7-9% on Tuesday after price increases helped the Swiss chocolate maker post organic growth above its 6-8% target range for the first six months of 2023.

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July 24 (Reuters) – Domino’s Pizza (DPZ.N) missed Wall Street estimates for second-quarter revenue on Monday, as elevated delivery fees and higher prices to boost margins hurt demand for its pizzas and chicken wings.

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Conagra Brands CAG –0.42% stock fell early Thursday despite the processed food maker posting fourth-quarter adjusted earnings that beat expectations, and announcing a dividend boost.

General Mills’ full-year profit forecast on Wednesday came in largely below analysts’ estimates as the U.S. packaged food maker battles with slow demand for its ready-to-eat cereals and meal kits due to higher prices.

U.S. grains merchant Bunge and Glencore -backed Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny.