Corporate Operations: Page 216
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Albertsons names Microsoft veteran as vice chairman
Kevin Turner, who also served as CEO and president of Sam’s Club and executive vice presidents of Walmart Stores Inc., will also serve as senior advisor to Albertsons CEO Bob Miller.
By Jeff Wells • Aug. 8, 2017 -
Snyder's-Lance Q2 earnings beat Wall Street expectations
The snack maker reported revenue of $579.6 million for the period and has finalized a performance transformation plan centered on winning millennial consumers.
By Emma Liem Beckett • Aug. 8, 2017 -
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 -
Luxury candy retailer Sugarfina gets sweet deal with $35M investment
The company, which currently has 38 outlets across the U.S., expects to double its revenue this year to $50 million.
By Erika Kincaid • Aug. 8, 2017 -
Halo Top owner explores potential $2B sale of ice cream brand
The popular frozen treat, which is owned by Eden Creamery, recently became the #1 selling pint of ice cream in the U.S., beating out iconic brands such as Ben & Jerry’s and Breyers.
By Christopher Doering • Aug. 8, 2017 -
Blue Apron may cut about 470 jobs as part of plant closure
The meal-kit provider, which has seen its stock plunge more than 40% since its June 29 IPO, is opening a new location about 15 miles away from one that is being shuttered.
By Christopher Doering • Aug. 7, 2017 -
President of General Mills' Annie's unit to step down after two decades
Following the integration of the organic brand after the 2014 purchase by the CPG giant, John Foraker is departing to join another entrepreneurial food company.
By Sandy Skrovan • Aug. 7, 2017 -
Kellogg adds probiotics to Special K to grow health halo
Promoting health benefits could be a way for cereal makers to draw consumers back to the category and revive slumping sales.
By Sandy Skrovan • Aug. 7, 2017 -
Is Sprouts the last grocery takeover target standing?
JPMorgan analyst Ken Goldman believes the organic grocer's unique business model could help it succeed as competition grows and the threat of Amazon-owned Whole Foods looms.
By Emma Liem Beckett • Aug. 7, 2017 -
Report: Walmart positioned to win against Amazon, Lidl and other challengers
The retailer has freshened up its stores and made critical investments in e-commerce, which along with its price advantages, have positioned it for continued growth.
By Jeff Wells • Aug. 4, 2017 -
Despite an overall sales bump, Post's RTE cereals get soggy
Net sales for the division dealing with the traditional breakfast staple were helped by indulgent products like Oreo O's and Honey Maid S'Mores, but still fell 1.7% to $427.3 million.
By Emma Liem Beckett • Aug. 4, 2017 -
Tyson overhauls corporate structure around three key segments
In a move intended to make the company more agile and responsive to change, the realignment gives group heads end-to-end responsibility and sets up distinct areas for potential spin-offs.
By Sandy Skrovan • Aug. 4, 2017 -
Japan's Sapporo expands US presence with Anchor Brewing purchase
The acquisition of the craft brewer could indicate the market for the specialty beer has reached a saturation point and players need deep-pocketed partners to remain competitive.
By Erika Kincaid • Aug. 4, 2017 -
Opinion
How the Whole Foods and Amazon deal could affect brands
The companies whose cold brews and energy bars populate the retailer's shelves could be the ones to experience the most significant upheaval. Melissa Sonntag of Repsly offers some pros and cons to the mega-deal, plus advice to CPG companies hoping to remain afloat.
By Melissa Sonntag • Aug. 4, 2017 -
Natural Grocers earnings come in well below estimates
The Colorado-based retailer reported earnings per share of 3 cents, well below the 12 cents estimated by Wall Street.
By Jeff Wells • Aug. 4, 2017 -
B&G Foods curtails profit outlook as industry struggles hit company
The manufacturer of Cream of Wheat, Ortega and Pirate's Booty said net income fell 27.1% during the second quarter despite a 20% jump in sales.
By Christopher Doering • Aug. 4, 2017 -
Kraft Heinz soars on cost savings, but sees sales slump
The company's U.S. operations were impacted by a loss of distribution, higher commodity prices in cheese and meats and lower foodservice shipments.
By Megan Poinski • Aug. 4, 2017 -
Kellogg's profits helped by cost-cutting as core business struggles
The maker of Froot Loops, Eggo and Kashi said fewer products were purchased in the United States due to weaker performance in retail stores.
By Megan Poinski • Aug. 3, 2017 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse to close 2 plants and lay off workers as part of cost-cutting program
The nation's largest private-label manufacturer also posted a 1.2% drop in sales during Q2 as the company's CEO said the firm faced "adverse market conditions."
By Christopher Doering • Aug. 3, 2017 -
Cardenas sees dramatic growth in its future
The newly formed company hopes to become the largest Hispanic grocer and retailer in America, according to CEO John Gomez.
By Jeff Wells • Aug. 3, 2017 -
Deep Dive
Controversial soda taxes foster divide among beverage industry and city officials
Philadelphia and San Francisco are among the cities targeting the popular beverage, infuriating makers of the drink who say they are being unfairly targeted.
By Keith Loria • Aug. 3, 2017 -
Aldi aligns with Nielsen to gain more shopper and advertising data
The multi-year partnership underscores the importance of business intelligence, consumer insights and analytics in today’s competitive retail climate.
By Sandy Skrovan • Aug. 3, 2017 -
Weis Markets reports comp-store sales and earnings increase
The regional retailer saw its net income rise 21% during the second quarter through cost cutting, promotions and strong business in its pharmacy and deli foodservice departments.
By Jeff Wells • Aug. 3, 2017 -
Pilgrim's Pride earnings take flight in the 2nd quarter
Profit at the poultry producer surged 53% to $233.6 million while sales rose 11% to $2.25 billion from the year-ago period.
By Emma Liem Beckett • Aug. 3, 2017 -
Sprouts raises guidance as retailer avoids pitfalls ailing competitors
The natural and organic grocer posted net sales of $1.2 billion and a comp-store increase of 1.4% for the second quarter — figures that topped Wall Street expectations.
By Jeff Wells • Aug. 3, 2017 -
As TerraVia files for bankruptcy, Corbion bids $20M for takeover
The algae ingredients company may be moving too far beyond consumer trends, contributing to its problems.
By Sandy Skrovan • Aug. 2, 2017
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