A one-time charge of $17 million related to the settlement of an egg antitrust class action claim led to a fourth-quarter loss at Cal-Maine Foods, Inc. while also adversely affecting full-year results.
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.
Pepperidge Farm, Inc. will continue to drive growth in snacks and baked foods behind a dual mandate of maintaining strength in core businesses and expanding into higher growth spaces.
Acquiring a business the size of Mondelēz International is “too risky” at this point, Hugh Johnston, chief financial officer of PepsiCo, Inc., said in a July 24 interview that aired on Fox Business.
Canadian Agricultural cooperative Agropur has entered into an agreement to acquire Coast Mountain Dairy, an ice cream producer based in British Columbia, Canada, for an undisclosed amount.
Krispy Kreme, a US-based specialty retailer and wholesaler of doughnuts and sweet treats, has signed an agreement with existing franchisee Lotteria to develop 60 new Krispy Kreme franchise outlets in South Korea over the next five years.
For the second year in a row, vanilla scooped the No. 1 spot as America’s favorite ice cream flavor, according to results of the second annual survey of International Ice Cream Association.
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.
