Corporate Operations: Page 217
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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 -
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 -
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 -
As consumers abandon soda, SodaStream sees revenue grow
The countertop sparkling beverage machine maker saw an earnings increase of 9.6% and a net income jump of 84% compared to a year ago.
By Megan Poinski • Aug. 2, 2017 -
Southeastern Grocers replaces more Winn-Dixie stores with Harveys
Seven newly reformatted discount stores opened in Florida this week, which may spell trouble for the grocer.
By Erika Kincaid • Aug. 2, 2017 -
Mondelez beats Q2 earnings expectations, but revenue slips
The CPG giant reported revenue of $5.99 million, despite a June malware attack that shrunk organic revenue by 2%.
By Emma Liem Beckett • Aug. 2, 2017 -
Deep Dive
A new 'added value': How yogurt leader Dannon won its Non-GMO Project label
After more than a year of working to secure ingredients, the manufacturer is starting to ship verified Danimals and other products to stores nationwide.
By Megan Poinski • Aug. 2, 2017 -
Publix's profit surges but industry challenges weigh on its slumping stock price
The privately held firm posted earnings of $495 million and total sales of $8.4 billion in what the grocer's CEO called "a tough quarter for supermarket companies."
By Jeff Wells • Aug. 2, 2017 -
Can super-sustainable farm fresh foods survive the Amazon-Whole Foods deal?
Efficiencies and price reductions following the merger could threaten the relationships some specialty producers have with the grocer.
By Sandy Skrovan • Aug. 2, 2017 -
Molson Coors earnings lag as craft breweries hurt sales
The world's third-largest beer maker said U.S. domestic sales-to-retailers volume dropped 1.9% from a year ago, driven by lower production in the premium light and below-premium categories.
By Christopher Doering • Aug. 2, 2017 -
Mondelez CEO Irene Rosenfeld to step down and be replaced by company outsider
The longtime CEO will leave the position in November when she will be replaced by Dirk Van de Put, president and CEO of Canada-based McCain Foods.
By Emma Liem Beckett • Aug. 2, 2017 -
Walmart makes changes to its food leadership team
The retailer is shuffling employees within its produce, bakery and deli departments to better equip it for growth in the months and years ahead, according to a company memo obtained by Reuters.
By Jeff Wells • Aug. 1, 2017 -
Favorite snacks vary nationwide — but aren't always healthy
A study from General Mills and Box Tops for Education showed mothers prefer packing fruits and vegetables in their children's lunches, but may reach more for salty items in the summer.
By Caitlin Mannering • Aug. 1, 2017 -
Halo Top ascends to become #1 selling pint of ice cream in the US
The frozen dairy product, which launched in 2012, has beat out other established brands such as Unilever's Ben & Jerry’s and Breyers by embracing unconventional means.
By Erika Kincaid • Aug. 1, 2017 -
Snyder's-Lance closing Florida chips plant to help cut costs
The snacks manufacturer is working to improve its balance sheet amid a "very competitive environment," according to its CEO.
By Erika Kincaid • Aug. 1, 2017 -
Whole Foods' prices have barely budged in 2 years, publication finds
Despite the retailer’s promise to slash how much it charges consumers, Business Insider found a basket of items today is just 1% cheaper than 2015.
By Jeff Wells • Aug. 1, 2017 -
Ahold turns to technology to find the right price
With 81% of consumers saying they shop around, retailers are taking steps to make sure the goods they sell are more attractive to the public.
By Sandy Skrovan • Aug. 1, 2017 -
Deep Dive
A Balancing Act: In the food VC arms race, it's 'buy or be eaten'
As legacy companies struggle to keep pace with emerging trendsetters, the pressure is on to acquire upstarts that will revive sales before they are snapped up by a competitor — or become competition themselves.
By Emma Liem Beckett • July 31, 2017 -
Plant-based food firm Daiya bought for $325.97M by pharma company Otsuka
The move promises to increase the dairy-free company's global footprint while extending the pharmaceutical's portfolio into foods as a pillar of its nutraceutical business.
By Caroline Macdonald • July 28, 2017 -
Hershey gets salty with new Popwell snacks
The new line was created in-house and features "half-popped" popcorn for a unique texture that isn't too hard or too soft.
By Erika Kincaid • July 28, 2017 -
Aldi plans a regional office and distribution center in Arizona
The discounter is working with city officials in a Phoenix suburb to acquire land, but would not confirm the expansion.
By Jeff Wells • July 28, 2017 -
Schnucks adds a robotic stock checker
The Midwestern chain is piloting the use of Tally to look for empty shelves and pricing mistakes in three of its stores in Missouri.
By Erika Kincaid • July 28, 2017 -
Nestle CEO warns of lackluster sales and profit performance
The company is already buying back shares and exploring selling its U.S. candy business — and more changes may be needed to turn around performance and appease the demands of activist investor Daniel Loeb.
By Sandy Skrovan • July 28, 2017 -
Boston Beer earnings are up, but sales are not
More consumers are drinking the craft brewer's Twisted Tea and Truly Spiked & Sparkling beverages, but its legacy Samuel Adams brand and Angry Orchard cider are lagging.
By Megan Poinski • July 28, 2017 -
Opinion
Is Amazon-Whole Foods the killer application the grocery industry has been bracing for?
The merger between the online giant and the organic and natural foods pioneer could change how consumers shop for groceries. Anton Xavier, the co-founder of Label Insight, discusses where shoppers could benefit.
By Anton Xavier • July 28, 2017
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