×

Food and Beverage Food Products

  • *Reports Q2 adj. profit of $0.49/ shr vs est $0.45. *Shares touch record high of $39.40. Dec 22- ConAgra Brands Inc, the maker of Chef Boyardee pasta and Orville Redenbacher's popcorn, reported a better-than-expected quarterly profit as the company benefited from less discounting and lower costs.

  • Dec 22- ConAgra Brands Inc, the maker of Chef Boyardee pasta and Orville Redenbacher's popcorn, reported a better-than-expected quarterly profit, helped by less discounting and lower costs. Net income attributable to ConAgra fell to $122.1 million, or 28 cents per share, in the second quarter ended Nov. 27, from $154.9 million, or 35 cents per share, a year earlier.

  • Dec 22- ConAgra Brands Inc, the maker of Chef Boyardee pasta and Hunt's ketchup, reported lower-than-expected quarterly sales, hurt by a strong dollar and as it discontinued sales of less-profitable products. Net income attributable to ConAgra fell to $122.1 million, or 28 cents per share, in the second quarter ended Nov. 27, from $154.9 million, or 35 cents per...

  • Stocks to Watch: December 22, 2016

    ConAgra, Rite Aid, and Hershey stocks are making headlines this Thursday morning before the opening bell.

  • Dec 20- General Mills Inc reported lower-than-expected quarterly profit and revenue as intense competition and lower spending on promotions hurt sales of its Yoplait yogurt and Progresso soups in the United States, its biggest market. The Minneapolis- based company said a decline in demand for Yoplait, Progresso and Pillsbury refrigerated dough hurt sales...

  • NEW YORK/ LONDON, Dec 20- China's Bright Food Group has hired Goldman Sachs to sell the breakfast cereal maker Weetabix in a deal that could value the famous British brand at roughly 1 billion pounds, according to three sources familiar with the matter. In Britain and the United States cereals have for several years faced mounting competition from smoothies,...

  • Dec 20- General Mills Inc reported lower-than-expected quarterly profit and sales, hurt by weak demand for its Yoplait yogurt and Progresso soups in the United States, its biggest market. General Mills gets about 60 percent of its sales from the United States. Net earnings attributable to the company fell to $481.8 million, or 80 cents per share, from $529.5...

  • *Cites worsening market in Spain, Activia difficulties. PARIS/ LONDON, Dec 19- French food company Danone lowered its 2016 sales growth forecast on Monday, blaming tough market conditions in Spain and problems with a relaunch of its Activia yogurt brand. Danone this year relaunched Activia, known in the United States for commercials featuring American actor...

  • NEW YORK, Dec 18- Michelle Obama will be ceding the title of first lady to Melania Trump next month, but she may hold for some time the other distinction she earned during her time in the White House: America's best known advocate for healthy food. "Michelle Obama has been a tremendous leader in this space," said Larry Soler, president and chief executive of the group.

  • OTTAWA, Dec 16- Canadian marijuana firms, facing potential limits on advertising for recreational pot, are selling health food products and cultivating a lifestyle image to win customers in an anticipated multibillion dollar market. That means companies will need to be creative to set themselves apart from the competition, with the advantage going to those...

  • PARIS, Dec 16- France has detected H5N9 avian influenza among poultry in the southwest of the country, an official report showed on Friday, the third strain of bird flu to be confirmed this month in the region known for its foie gras production. Two outbreaks of low pathogenic H5N9 bird flu were confirmed in the past week among poultry in the Gers administrative...

  • PARIS, Dec 16- France has detected H5N9 avian influenza among poultry in the southwest of the country, an official report showed on Friday, the third strain of bird flu to be confirmed this month in the region known for its foie gras production. Two outbreaks of low pathogenic H5N9 bird flu were confirmed in the past week among poultry in the Gers administrative...

  • The coffee chain is selling a blended Fruitcake beverage for a limited-time in the US and Canada.

  • CHICAGO, Dec 14- The U.S. Department of Agriculture proposed rules on Wednesday it said will help protect chicken producers from mistreatment by the small group of meat companies that control most of the country's production. Proponents of the changes, including the National Farmers Union, said they hoped Republican President-elect Donald Trump's...

  • Irene Rosenfeld, CEO of Mondelez International

    Kraft-Heinz is planning to acquire Mondelez, which is currently in the midst of a $3 billion cost saving program, according to a report.

  • The justices said they will hear an appeal by beverage flavoring company TC Heartland LLC to have a patent infringement suit brought against it by food company Kraft Heinz Co moved from federal court in Delaware, where it was filed, to Heartland's home base in Indiana. Pittsburgh- based Kraft, which makes the MiO brand of liquid water enhancers, sued in Delaware in...

  • Ells, 51, also said he would remain board chairman, even as Amalgamated Bank and CtW Investment Group urge fellow shareholders to name an independent chairman to replace Ells as leader of the board. Lots more needs to be done to refresh the board, "said Keith Mestrich, president and CEO of Amalgamated Bank. "It still doesn't resolve the question of independent...

  • PARIS, Dec 12- France has found a case of mild H5N1 bird flu in the southwest of the country, an official report showed on Monday, the same region that has been hit this month by a more virulent strain of the disease. Bird flu has spread across Europe in recent weeks, forcing some farmers to slaughter flocks or keep them indoors, and its return to France is a setback for...

  • Dec 12- Chipotle Mexican Grill Inc said founder Steve Ells will retake the helm as sole chief executive officer after co-CEO Monty Moran stepped down on Monday amid intense pressure to turn around the burrito chain that has yet to recover from string of food safety lapses that have damaged its sales and reputation. Ells, 51, also said he would remain board...

  • Dec 12- Chipotle Mexican Grill Inc said founder and co-Chief Executive Steve Ells would become sole CEO, a position he held from 1993 until 2009, after Monty Moran stepped down following a series of food safety lapses that hit its sales and reputation. "Given the ongoing challenges facing the company, the board felt strongly that it was best for Steve to resume...