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Food and Beverage Food Products

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  • April 21- Chipotle Mexican Grill Inc expects the removal of pork from one-third of its restaurants to hurt sales this year, the burrito chain said, after reporting the slowest same-restaurant sales growth in five quarters. "We think our pork shortage is currently impacting our sales by as much as 200 basis points," Chief Financial Officer Jack Hartung said on a...

  • April 21- Yum Brands Inc, owner of KFC and Pizza Hut chains, on Tuesday said business in its biggest market China is recovering from a meat scare at one of its minor suppliers and that the division would finish the year strong. Yum is making "continued progress" in China, Chief Executive Greg Creed said in a statement. "We will deliver full-year EPS growth of at least 10...

  • April 21- Chipotle Mexican Grill Inc reported the slowest growth in quarterly same-restaurant sales in more than a year, hurt by the removal of pork products from some of its restaurants. The company's net income rose to $122.6 million, or $3.88 per share, from $83.1 million, or $2.64 per share, a year earlier. Analysts on average had expected a profit of $3.66 per...

  • Chipotle reports lower-than-expected quarterly sales Tuesday, 21 Apr 2015 | 4:21 PM ET

    April 21- Chipotle Mexican Grill Inc reported lower-than-expected quarterly sales, hurt by the removal of pork products from some of its restaurants as well as price increases. Chipotle's net income rose to $122.6 million, or $3.88 per share, from $83.1 million, or $2.64 per share, a year earlier. Revenue rose 20.4 percent to $1.09 billion, but fell short of average...

  • Yum's China restaurant sales drop less than expected Tuesday, 21 Apr 2015 | 4:19 PM ET

    April 21- Yum Brands Inc, owner of KFC and Pizza Hut, said on Tuesday that sales at established restaurants in its biggest market China fell less than expected for the first quarter as it works to recover from a food scandal involving a minor supplier. Same-restaurant sales in China, Yum's No. 1 market for revenue and profit, declined 12 percent for the latest quarter...

  • CHICAGO, April 21- The spread of a deadly strain of bird flu into an Iowa egg farm accelerated market concerns over how big of a bite the current outbreak could take from the United States' egg and poultry businesses, sending shares of several leading meat companies' down on Tuesday. Minnesota, the largest turkey-producing state in the country, has been the hardest...

  • *Global nutraceutical market seen at $280 bln by 2018. LONDON, April 21- A boom in "nutraceuticals"- food and drinks with potential health benefits- is paving the way for a rush of deals, as food and drug companies compete to dominate a market expected to be worth $280 billion by 2018.. "The space is ripe for M&A and I think you are going to see more," added Jeremy Johnson,...

  • April 20- Nomad Holdings Ltd said it would buy Iglo Foods Holdings Ltd, Europe's biggest frozen foods business and the company behind the Birds Eye brand, for about 2.6 billion euros from a company backed by private equity group Permira. Nomad Holdings was founded by Noam Gottesman and Martin Franklin. Nomad Holdings said it plans to change its name to Nomad Foods...

  • April 20- Nomad Holdings Ltd said it would buy Iglo Foods Holdings Ltd, Europe's biggest frozen foods business and the company behind the Birds Eye brand, for about 2.6 billion euros from a company backed by private equity group Permira.

  • The 'big macro trend' that impacts Cargill Sunday, 19 Apr 2015 | 8:36 PM ET
    The 'big macro trend' that impacts Cargill

    Speaking to CNBC at the World Economic Forum on East Asia in Jakarta, Alan Willits, Asia Pacific chairman of Cargill, outlines the factors that drive its business worldwide.

  • LONDON, April 17- Nestle became the third European food company to report better-than-expected first-quarter sales on Friday, adding to evidence that the sector is moving past the troubles of 2014.. Last year, makers of consumer packaged goods were hammered by slowed economies, including in once-hot markets such as Brazil and China. "Another European food Q1...

  • McDonald's to Chipotle: Secret menus decoded Wednesday, 15 Apr 2015 | 1:22 PM ET

    Ever do a double take when the person in front of you asks for a McDonald's Monster Mac or Chipotle Quesarito? Check out these not-so-secret menu items.

  • MOSCOW, April 15- Russian Agriculture Minister Nikolai Fyodorov said on Wednesday the ministry had yet to decide whether a wheat export tax should be extended for the next 2015/ 16 marketing year and whether to lift a ban on some Western food products. Russia banned most Western food imports, worth about $9 billion, last year in retaliation to Western sanctions...

  • CHICAGO, April 14- The number of U.S. poultry flocks infected with a deadly strain of bird flu rose on Tuesday as Iowa identified its first case and Minnesota confirmed eight more cases, according to the U.S. Department of Agriculture. Twenty-two commercial turkey flocks in Minnesota, the leading U.S. turkey-producing state, have been infected with the H5N2 flu in...

  • LONDON, April 14- Nestle is in advanced talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund Bain Capital, a person familiar with the situation said on Tuesday. Credit Suisse is handling the sale for Nestle, which is expected to raise between 200 million and 300 million euros, said a second source. Nestle declined to comment, while Brakes...

  • CHICAGO, April 13- The U.S. Department of Agriculture on Monday confirmed the first case of a lethal strain of bird flu in a commercial chicken flock, widening the impact of a virus that has already killed hundreds of thousands of turkeys this year. The H5N2 flu strain infected a commercial flock of 200,000 chickens in Jefferson County, Wisconsin, between Madison...

  • NEW YORK, April 13- Nestle SA said on Monday it is cutting the added sugar in its Nesquik flavored milk products, the latest in a series of moves by the Swiss food company to reduce sugar and salt in its offerings amid growing public health concerns. Still, Nestle's changes, similar to efforts at big food companies including General Mills Inc, fail to satisfy concerns...

  • *Prime Minister Renzi sees Expo 2015 as "litmus test" for Italy. Italy has had four different governments in the seven years since Milan was chosen to follow the 2010 Shanghai Expo and has undergone its most severe economic crisis since World War Two. "Expo will be the litmus test for the great ambitions which Italy has," Renzi said in a speech in Milan last month to...

  • CHICAGO, April 10- Sales of human antibiotics in the United States for use in livestock jumped by 20 percent between 2009 and 2013, federal regulators said on Friday, although recent statements by producers suggest those figures could be dropping. Companies such as Tyson Foods Inc and Perdue Farms have said in the past year, however, they have either reduced or...

  • It's new, and it's not bacon. It's 'Schmacon' Friday, 10 Apr 2015 | 1:35 PM ET
    Schmacon: It’s bacon, without the pork.

    "I think Schmacon is the evolution and, frankly, it's maybe the revolution in bacon," says Howard Bender, creator of beef-based bacon.