In a bid to turn around tumbling profits, UK high street bakery chain Greggs is to introduce a more customer-focused marketing strategy and switch its focus from its bakery business towards the food-to-go category.
Packaged food company Mondelez International Inc dramatically raised its share buyback authorization and posted higher-than-expected earnings on Wednesday, weeks after being criticized by prominent activist investor Nelson Peltz.
News that the Food and Drug Administration has defined “gluten-free” could not have come at a better time for General Mills, Inc., which on Aug. 6 introduced its first-ever line of refrigerated gluten-free dough through its Pillsbury brand.
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.
US-based Hirzel Canning Co. & Farms has added three new varieties of Dei Fratelli Truly Tomatoes to its tomato products range in shelf stable carton packs from SIG Combibloc.
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.
Dairy Queen system, owned by American Dairy Queen, has introduced new Tripleberry Brownie, which will be available as the featured Blizzard of August 2013.
