Corporate Operations: Page 233
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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 -
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 -
Explore the Trendline➔
Courtesy of PIPA
TrendlineGetting reformulation right: How food companies are rethinking ingredients to meet consumer demand
Ingredient suppliers and companies like PepsiCo and Conagra are working closer together to overhaul brands to cater to a rise in healthy eating and expanding GLP-1 use.
By Food Dive staff -
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 -
Stevia ingredients boost vanilla and cocoa flavors
PureCircle's new offerings can be labeled as “natural flavors” on ingredient lists and allow manufacturers to use less of the flavoring items, both of which have seen price volatility.
By Caroline Macdonald • July 27, 2017 -
Mars and Danone invest in sustainable Madagascan vanilla
By connecting producers more directly to the market, the Livelihoods Fund for Family Farming aims to return about 60% of the extract's value directly to farmers during the next decade.
By Caroline Macdonald • July 27, 2017 -
AB InBev brews strong Q2 earnings despite struggles in US beer market
The beer giant reported revenue and volume growth driven by cost cuts and global sales of top brands like Budweiser, Stella Artois and Corona.
By Jeff Wells • July 27, 2017 -
Dr Pepper Snapple's earnings drop from debt and Bai expenses
As volumes of most of the company's beverages continue to grow, the added expenses from this quarter may turn into future profit.
By Megan Poinski • July 27, 2017 -
Whole Foods same-store sales keep falling as Amazon merger looms large
This is the eighth straight quarter the natural and organic grocery retailer posted negative same-store sales — but those numbers turned positive in the last three weeks.
By Jeff Wells • July 27, 2017 -
Cost cuts pay off for Diageo as stock reaches all-time high
The world’s largest spirits company continues to perform through higher margins, increased productivity and organic sales growth.
By Davide Savenije • July 27, 2017 -
Judge rules against Kroger in first round of lawsuit against Lidl
A federal judge in Richmond denied the Ohio-based grocer's request to halt sales of the discounter's Preferred Selection store brand, which it argues is too similar to its Private Selection brand.
By Jeff Wells • July 27, 2017 -
Pinnacle earnings drop after unconventional quarter
The abrupt discontinuation of 16 frozen Aunt Jemima breakfast products hit the company's bottom line hard, but the impacts were contained to this quarter and could be tailwinds for the rest of the year.
By Megan Poinski • July 27, 2017 -
The shakeout begins: Blue Apron COO steps down
Matt Wadiak, company co-founder and a driving force behind its relationships with farmers and other food suppliers, will serve as a senior adviser to the company.
By Sandy Skrovan • July 27, 2017 -
Innovation and cost-cutting measures sweeten Hershey's Q2 earnings
The confectionery company reported net sales of $1.663 billion for the quarter, a 1.5% increase from the same period last year.
By Jeff Wells • July 26, 2017 -
Coca-Cola beats expectations as new CEO moves away from soda
Though net revenues are down, the beverage giant built more value share in its nonalcoholic ready-to-drink category, including sparkling soda, juices, and bottled tea and coffee.
By Megan Poinski • July 26, 2017 -
Residue of glyphosate found in Ben & Jerry's ice cream
The Unilever-owned brand responded by saying it wants to find out how trace amounts of the herbicide — a key ingredient in Monsanto's RoundUp — got into its products.
By Megan Poinski • July 26, 2017 -
Lucky's Market plans Florida expansion with 8 new Orlando stores
The discount natural and organic chain will open all the locations by the end of next year — and plans to have 22 throughout the Sunshine State by summer 2019.
By Jeff Wells • July 26, 2017 -
Hy-Vee planning grocery-convenience store hybrid in the Twin Cities
The retailer plans to build an 8,800-square-foot store that offers groceries, prepared foods and a Starbucks Coffee location in addition to fuel service.
By Jeff Wells • July 26, 2017 -
Supervalu misses earnings estimate as wholesale business continues to expand
The company’s wholesale operations saw net sales grow by 12.4% over last year’s Q1, while retail net sales declined 2.7% and comp store sales dropped 4.9%.
By Jeff Wells • July 25, 2017 -
Growing demand for potatoes propels Lamb Weston to another profitable quarter
The former Conagra business unit saw growth across segments, with a 5% increase in retail net sales and a 9% bump in foodservice.
By Megan Poinski • July 25, 2017
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