While profits were under pressure for the full year and the final quarter of 2012, the U.S. business of Grupo Bimbo S.A.B. de C.V. enjoyed sales gains late in the year because of marketplace changes.
Record sales of $2.1 billion couldn’t lift first-quarter earnings for Hormel Foods Corp., challenged by poor pork operating margins and turkey troubles.
Higher sales in emerging markets were offset by costs related to the divesture of a business in China, leading to a 5% decline in income at The H.J. Heinz Co. during the third quarter.
Scottish Fishermen’s Federation (SFF) calls for all sectors of the seafood industry and government to work together to find ways of stimulating demand for home caught product
Restructuring and facility closing charges related to certain soup and salad dressing operations weighed on full-year and fourth-quarter results at TreeHouse Foods, Inc.
Sanderson Farms, Inc. narrowed its loss during the first quarter but still faced pressure from high grain and feed costs as well as week food service demand for chicken.
Consumer visits to convenience stores increased 4.6% in fourth quarter 2012, reflecting positive movement in key economic indicators and lower gas prices.
Norwegian farmed cod producer Codfarmers on Wednesday announced it would de-list its shares from the Oslo Stock Exchange due to severe financial challenges.
The FBI is looking into possible insider trading in the options of H.J. Heinz before its blockbuster deal to be acquired by Warren Buffett and Brazil's 3G Capital.
Camden, N.J.-based The Campbell Soup Co. reported a sales increase of 10 percent, with an organic sales increase of 1 percent, reaching $2.3 billion in the second quarter of the 2013 fiscal year.
The J.M. Smucker Co. is decreasing prices on most of its packaged coffee products in the United States, mainly products in the Folgers and Dunkin’ Donuts brands.
General Mills, Inc. is looking to extend its portfolio of breakfast products with the test marketing of Bfast, a shelf-stable liquid breakfast drink for consumers on the go.
EU countries on Friday agreed to implement a series of additional tests of meat including for drug residues and the Commission is prepared to pay. Food Minister Mette Gjerskov have launched efforts.
Carlsberg has reported organic net revenue growth of 3% to DKK 67.2bn, with continued solid beer price/mix of +3%. Group operating profit of DKK 9.8bn in line with their guidance.