Tag: 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.

Εντυπωσιακή άνοδο του κύκλου εργασιών και της κερδοφορίας κατέγραψε κατά το πρώτο τρίμηνο του 2023 η βιομηχανία γάλακτος ΚΡΙ-ΚΡΙ, σε σχέση με την αντίστοιχη περίοδο του 2022.