Corporate Operations: Page 185
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Deep Dive
Tyson Foods CEO hasn't ruled out acquiring Beyond Meat, other venture investments
While an outright purchase could eventually take place, Tyson is interested in helping nascent companies grow while gaining insight into new and emerging markets.
By Christopher Doering • Feb. 23, 2018 -
Sanderson Farms' Q1 net income jumps from higher prices, tax cut
The poultry producer said results benefited from higher market prices for dark meat products from its deboning plants, but prices were lower for white meat.
By Cathy Siegner • Feb. 22, 2018 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Sprouts posts strong comps again as new stores excel
The natural and organic chain, which plans to open 30 new stores this year, saw same-store sales rise 4.6% while net sales grew to $1.1 billion.
By Jeff Wells • Feb. 22, 2018 -
Amazon Go reportedly plotting 6 more stores
After just a month open to the public, the early success of the cashier-less concept may spur more locations in Seattle and Los Angeles, sources told Recode.
By Corinne Ruff • Feb. 22, 2018 -
Boston Beer's Q4 sales drag on lower shipments, while tax cut boosts income
Sales of Samuel Adams and Angry Orchard brands were only somewhat offset by its Twisted Tea, Truly Spiked & Sparkling brands.
By Cathy Siegner • Feb. 22, 2018 -
Hormel reports Q1 earnings boost despite lagging turkey sales
The strongest performance during the most recent quarter was in the protein giant's Specialty Foods area — now merged with its Grocery Products segment — which reported an 8% profit rise.
By Cathy Siegner • Feb. 22, 2018 -
SpartanNash hits earnings expectations as distribution business grows
On the wholesale side, Spartan noted that its Fresh Kitchen facility will contribute more to its bottom line in 2018. It also aims to add more accounts and incremental sales with high-growth retailers.
By Jeff Wells • Feb. 22, 2018 -
Deep Dive
Hungry for growth: Food companies keep M&A on the menu in 2018
General Mills, Conagra, Hershey and other leading companies said new acquisitions are a priority, with many looking to deal-making as part of a long-term growth strategy.
By Emma Liem Beckett , Christopher Doering • Feb. 22, 2018 -
Tops Markets files for Chapter 11
A large debt load and increasing competition from the likes of Amazon and Walmart set the table for bankruptcy protection.
By Jeff Wells • Feb. 21, 2018 -
When one won't do: More consumers are paying for Prime and Costco memberships
There is now a significant overlap in customers who see value in spending the extra money to have access to each retailer's unique format and products.
By Erika Kincaid • Feb. 21, 2018 -
Deep Dive
At CAGNY, Big Food execs prioritizing e-commerce for future growth
General Mills, Mondelez, Coca-Cola and other major brands discussed increased online investments as consumer demand for hyper-efficiency grows.
By Emma Liem Beckett , Christopher Doering • Feb. 21, 2018 -
Retrieved from Walmart on November 27, 2017
Walmart Q4 sales grow 4%, but e-commerce cools
Revenue, comps and traffic all increased at Walmart, but profits fell and e-commerce disappointed with slower growth than previous periods.
By Ben Unglesbee • Feb. 20, 2018 -
Albertsons acquires Rite Aid
The grocery chain said it's buying the remainder of the pharmacy retailer's stores not being sold to Walgreens Boots Alliance, creating a company with estimated annual revenues of $83 billion.
By Jeff Wells • Feb. 20, 2018 -
PepsiCo launches water bottle and flavored pod system
The drink system offers customization, which is desirable for younger consumers, but is complicated and has Keurig-esque recycling issues.
By Erika Kincaid • Feb. 20, 2018 -
Report: Tops and Bi-Lo set to file for bankruptcy
With consumers moving online, making quick store trips and seeking out fresher and more unique products, these large grocers geared towards legacy national brands and stock-up shops are quickly becoming dinosaurs.
By Jeff Wells • Feb. 20, 2018 -
Tyson Foods begins incubator partnerships with Plug and Play, 1871
A startup business Tyson works with through these incubators could develop the next wildly popular plant-based burger or a ready-to-eat spicy meat snack that sets the grab-and-go consumer segment on fire.
By Cathy Siegner • Feb. 18, 2018 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse to shutter California snack plant, affecting 294 workers
The food manufacturer, which has struggled during the past year amid lowered guidance and executive departures, said sales during its fourth quarter fell 4.3% to $1.7 billion.
By Cathy Siegner • Feb. 16, 2018 -
H-E-B buys on-demand delivery company Favor
The deal intensifies the online grocery battle in Texas, and could signal H-E-B's interest in the broader on-demand delivery industry.
By Jeff Wells • Feb. 16, 2018 -
Kraft Heinz earnings miss expectations, US sales drop for 7th straight quarter
The CPG giant said challenges in its Planters nuts, natural cheese and lunch meat divisions were partially offset by strong performances in Kraft macaroni and cheese, Lunchables and Capri Sun beverages.
By Emma Liem Beckett • Feb. 16, 2018 -
Regional grocers work to keep pace on tech innovations
Kowalski's Markets just launched its own skip checkout app, while Texas-based Brookshire Brothers is rolling out online ordering across its 121-store footprint.
By Alicia Kelso • Feb. 16, 2018 -
Report: Amazon is consolidating its Fresh and Prime Now services
This move is meant to streamline the delivery push from Whole Foods stores, and was behind last week's surprise layoffs, according to Yahoo Finance.
By Jeff Wells • Feb. 16, 2018 -
Coke's water, coffee and tea help offset flat soda sales
While total volumes were flat for the quarter and for 2017, the beverage giant posted a 6% rise in organic revenue for Q4 due to boosts in its non-soda segments.
By Cathy Siegner • Feb. 16, 2018 -
Gluten-free chickpea flour is meant to solve taste and texture issues
The product's creator said it was developed to overcome problems with pulse and legume flours, including taste and final product quality.
By Cathy Siegner • Feb. 15, 2018 -
Sabra overhauls packaging to tout freshness, bold flavors
The hummus maker, which is half owned by PepsiCo, is using an updated logo and restyled label design to stand out in a crowded marketplace.
By Christopher Doering • Feb. 15, 2018 -
Flat US sales drag down Nestle's 2017 earnings
The Swiss giant posted 2.4% organic growth last year, its lowest level in at least two decades, which was driven in part by declines in its American confectionery and ice cream business.
By Cathy Siegner • Feb. 15, 2018