Baskin-Robbins, a US-based chain of ice cream specialty shops, has launched a range of festive ice cream cakes, including new Too Cute Cupcake Cake and Clown Cone Party Round Cake.
Nestle (NESN.VX) is set to report a weak first half due to sluggish growth in Europe and emerging markets like Asia, putting pressure on the world's largest food group to cut costs and ditch underperforming businesses.
Twinkies are already back on shelves and now the new owners of Drake's cakes say Coffee Cakes, Devil Dogs, Ring Dings and Yodels will return next month.
US-based food company Kellogg has reported an 8.6% increase in net earnings for the second quarter of 2013 to $352m, compared with $324m for the same period in 2012.
Weakness stemmed from the adult cereal category, John Bryant said Kellogg is taking steps to reverse the trend through innovation and education, including a “healthy dividends” strategy.
The May introduction of three new flatbreads delivered on key business drivers at Chili’s Grill & Bar, helping spur stronger sales and earnings at parent Brinker International, Inc. in fiscal 2013.
A change in benefit plans contribute to a 38% increase in earnings at Kraft Foods Group, Inc. during the second quarter, but revenues declined slightly on lower prices and weaker sales for some products.
Net income of J&J Snack Foods Corp. in the third quarter ended June 29 totaled $21,172,000, equal to $1.13 per share on the common stock, up 13% from $18,672,000.
Operating income at Weston Foods in the second quarter of fiscal 2013 ended June 15 increased sharply to C$64 million ($62.4 million) from C$12 million in the second quarter of fiscal 2012.
French food group Danone posted better than expected sales growth in the second quarter, helped by an improvement at its core dairy business in recession-hit Europe, sending its shares up 3 percent.
Operating income of Bimbo Bakeries USA in the second quarter ended June 30 was 1,031 million pesos ($82.5 million), up 29% from 797 million pesos in the second quarter of 2012.
Judge Robert D. Drain of the U.S. Bankruptcy Court Southern District of New York on July 19 authorized Hostess Brands, Inc. (Old HB, Inc.) to hold an auction on Aug. 16 to sell its remaining assets.
