Corporate Operations: Page 177
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Cold shipping is easier, but does it solve the food industry's challenges?
Refrigerated containers called "reefers" that can be adjusted for climate control are in demand and could make global trade easier.
By Cathy Siegner • May 10, 2018 -
Bob Dylan knock, knock, knockin' on the liquor market with Heaven's Door whiskey
The new product, which will be made in a distillery located in a 140-year-old Nashville church, is the latest celebrity alcohol to hit the market that has attracted George Clooney and Justin Timberlake.
By Patti Zarling • May 10, 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 -
Hostess Brands posts sweet Q1 sales as innovations pay off
The maker of Twinkies, Ding Dongs and Ho Hos benefited from recent expansions of its core brands, but it remains on the lookout for future acquisitions.
By Cathy Siegner • May 10, 2018 -
Ice Breakers gum, Robert Mondavi wine and fairlife milk win Nielsen package redesign awards
They were chosen from hundreds of submissions, which were judged based on retail sales and visual impact.
By Cathy Siegner • May 9, 2018 -
Ahold Delhaize improves sales and comps growth in Q1
The Netherlands-based retailer reported a 2.8% increase in same-store sales in the U.S., driven by its Hannaford and Giant banners.
By Jeff Wells • May 9, 2018 -
Weis Markets touts 15th quarter of growth
The Mid-Atlantic supermarket chain hopes to continue the trend by focusing on targeted discounts and online sales in the coming months.
By Patti Zarling • May 9, 2018 -
Monster Beverage's sales and profit surge, but margin pressures haunt outlook
The energy drinks maker said revenue during the first quarter rose 14.7% to $850.9 million, with much of the increase coming from outside the U.S.
By Cathy Siegner • May 9, 2018 -
AB InBev sales slump in US despite growth in other regions
The brewer, which continued to lose market share in its Budweiser and Bud Light brands, posted strong results domestically in its Stella Artois line and craft beer portfolio.
By Cathy Siegner • May 8, 2018 -
Hain Celestial misses targets as it drops smaller products
The natural and organic manufacturer's global net sales were up 7.5%, but the entire boost came from outside of the U.S.
By Megan Poinski • May 8, 2018 -
Purple Carrot sells $4M stake to Fresh Del Monte
The produce company's investment may help the plant-based meal kit maker launch into the retail channel.
By Cathy Siegner • May 8, 2018 -
Dean Foods tightens its belt as Q1 sales and profits drop
The dairy processor and distributor posted a net loss for the period as the milk glut and competition cut into its earnings.
By Cathy Siegner • May 8, 2018 -
International Flavors & Fragrances buys Israel's Frutarom for $7.1B
The companies said the new combined firm would give customers access to more products, with an increased focus on naturals and health and wellness.
By Cathy Siegner • May 8, 2018 -
Mondelēz buys cookie maker Tate's Bake Shop for $500M
The premium bakery will operate as a standalone business to preserve its authenticity, while giving the CPG giant a stronger foothold in real ingredients popular with consumers.
By Emma Liem Beckett • May 7, 2018 -
Prepared foods lead Tyson's Q2 sales, but transportation costs drag on earnings
The Arkansas-based protein company also announced plans to reduce about 550 corporate jobs at its headquarters and Cincinnati and Chicago offices.
By Cathy Siegner • May 7, 2018 -
PepsiCo imports Australian snack brand to US shelves
Red Rock Deli potato chips, which will be available online and in select retail outlets this spring, deliver the trendy flavors and free-from ingredient lists for which consumers are hungry.
By Cathy Siegner • May 7, 2018 -
Nestlé pays $7.15B for rights to sell Starbucks products globally
The deal gives the Swiss company a stronger presence in coffee, a segment growing in popularity as consumers look to healthier beverages and RTD options.
By Christopher Doering • Updated May 7, 2018 -
Walmart reportedly beats Amazon to Flipkart with $15B bid
Google parent Alphabet also may join with the retail giant in taking a 75% stake in India's major homegrown e-commerce retailer.
By Daphne Howland • May 4, 2018 -
Post Holdings' Q2 net sales gain from refrigerated food, protein shakes
The manufacturer posted sales increases in all of its operating segments during the second quarter, including its RTE cereals.
By Cathy Siegner • May 4, 2018 -
B&G sales surge 4.7% behind strength in Cream of Wheat, Ortega brands
The manufacturer of Green Giant and Snackwells plans to increase prices and create more efficiencies in warehousing and shipping in an effort to offset higher distribution costs.
By Patti Zarling • May 4, 2018 -
Frozen foods provides boost to Pinnacle's earnings
During the first quarter, the maker of Vlasic pickles and Duncan Hines baking products posted a slight increase in net sales to $778.8 million and net income of $56.9 million.
By Cathy Siegner • May 3, 2018 -
Sprouts lowers guidance as comp-store sales growth slides
The discount natural and organic retailer reported a 2.7% increase in the key metric, noting that operational challenges and deflation impacted results.
By Jeff Wells • May 3, 2018 -
Kellogg's Q1 earnings top estimates, but morning foods are still stale
The RXBAR acquisition may be the prescription for continuing growth, as the cereal maker posted revenue of $3.4 billion for the quarter.
By Emma Liem Beckett • May 3, 2018 -
Iconic A&P grocery brand finds a buyer
It's the end of an era for the grocer, which pioneered the modern supermarket and altered the way consumers shop for food.
By Alicia Kelso • May 3, 2018 -
Kraft Heinz squeezes past analyst expectations for Q1
The CPG giant reported net sales of $6.3 billion, down 0.3% from 2017's first quarter, largely because of higher product and distribution costs.
By Megan Poinski • May 3, 2018 -
Tyson Foods' VC arm invests in Israeli lab-grown meat business
Future Meat Technologies raised $2.2 million to continue working on a manufacturing technology platform for cost-efficient non-GMO production.
By Cathy Siegner • May 3, 2018