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Food and Beverage Food Products

  • *Q4 adj profit of $0.08/ shr vs est. "We are guiding to a range of 2-3 percent for the next year, slightly lower than previous guidance of 3 percent," Chief Financial Officer Gunther Plosch said at Wendy's investor day. Chief Executive Todd Penegor said in August he was confident that Wendy's would grow at its long-term guidance of about 3 percent.

  • VEVEY, Switzerland, Feb 16- Nestle's new chief executive scrapped the food company's long-standing sales target as it reported disappointing annual results on Thursday, echoing rivals by striking a cautious tone in an uncertain environment. CEO Mark Schneider, who joined Nestle only last month, forecast a return to "mid-single-digit" growth by 2020, which...

  • The company also set a new $150 million share repurchase program and raised its quarterly dividend to 7 cents per share from 6.5 cents. However, Wendy's net income fell to $28.9 million, or 11 cents per share, from $85.9 million, or 31 cents per share, a year earlier, due to a sharp decline in net investment income. Excluding items, the company earned 8 cents per share, 1...

  • We will do deals when the time is right: Nestle CEO

    Nestle CEO Mark Schneider discusses his company's fourth-quarter earnings data, touching on disappointing volume growth and the need for stronger pricing.

  • VEVEY, Switzerland, Feb 16- Nestle's new chief executive scrapped the food company's long-standing sales target as it reported disappointing annual results on Thursday, adopting a more cautious tone in an uncertain environment. Unilever cited problems in Brazil and demonetization in India, while Danone pointed the finger at tough conditions in China.

  • Happy Leaf Kombucha is served in a Denver kombucha taproom.

    Legislation introduced by Colorado congressmen also aims to update regulations for kombucha companies nationwide.

  • Feb 15- Kraft Heinz Co, the maker of Velveeta cheese, Heinz ketchup and Oscar Mayer meats, reported a higher-than-expected adjusted profit, helped by lower costs. Last month, the company said it would form a joint venture with media mogul Oprah Winfrey to develop a new line of food products in the United States. Sales fell 3.8 percent to $6.86 billion, hit by a stronger...

  • LOS ANGELES/ NEW YORK, Feb 15- Charlie Munger, the billionaire vice chairman of Warren Buffett's Berkshire Hathaway Inc, said some of U.S. President Donald Trump's ideas may prove constructive for the country, tempering comments a year ago suggesting that his fellow Republican was not morally qualified for the White House. "Well, I've gotten more mellow," Munger...

  • *Chicken is cheap alternative to pork, China's favourite meat. BEIJING, Feb 15- Chinese chicken prices sank to their lowest level in more than a decade on Wednesday as fears grow about the spread of bird flu, hurting meat producers' share prices and deepening concerns about demand in the world's second-largest poultry consumer. The spread of the deadly virus comes...

  • BOSTON, Feb 14- William Stiritz, one of the largest investors in Herbalife Ltd, cut his stake in the nutrition and weight loss company to 1.4 percent at the end of the fourth quarter from 5.2 percent a year ago, according to a regulatory filing on Tuesday. At the same time billionaire investor Carl Icahn, who has sparred with rival billionaire William Ackman over the...

  • *Shares in UK engineer Rolls-Royce drops after record loss. MILAN, Feb 14- European shares steadied on Tuesday, as gains in the auto sector on news that PSA Group is in talks to buy General Motors' European auto operations and stronger banking stocks offset weaker consumer and pharma stocks. Shares in PSA Group rose 4.3 percent to an 18- month high after the French...

  • The Canadian snack deficit

    America has a giant trade deficit with Canada...in salty snacks. CNBC's Ylan Mui reports.

  • Shares of Atlanta- based Popeyes moved sharply higher on the news in afternoon trading. RBI and Popeyes have yet to agree on a deal price, and there is no certainty that negotiations will continue, the people said. Popeyes shares jumped 14 percent in New York, reaching a record $75.30 and giving the company a market capitalization of around $1.6 billion.

  • *Q4 adj profit of $0.44/ shr vs est of $0.42/ shr. *Tim Horton comp sales rise 0.2 pct vs est 1.1 pct. Feb 13- Restaurant Brands International Inc, the owner of Burger King and Tim Hortons, reported a higher-than-expected quarterly profit as comparable sales at its burger chain topped estimates and costs fell.

  • Sam Reed, chief executive officer of TreeHouse Foods Inc.

    Jim Cramer spoke with CEO Sam Reed on how the impact of its acquisition from Conagra and the wellness trend.

  • After surging 12% TreeHouse could be your next play on organic & natural food

    Jim Cramer spoke with CEO Sam Reed on how the impact of its acquisition from Conagra and the wellness trend.

  • LOS ANGELES, Feb 9- A Sanderson Farms Inc shareholder proposal requesting the third-largest U.S. poultry producer phase out the use of medically important antibiotics for growth promotion and disease prevention failed to pass on Thursday, the company said. Sanderson is the only large U.S. chicken producer that has not made a commitment to limit its use of those...

  • LOS ANGELES, Feb 9- A Sanderson Farms Inc shareholder proposal requesting the third-largest U.S. poultry producer phase out the use of medically important antibiotics for growth promotion and disease prevention failed to pass on Thursday, the company said. While the non-binding proposal did not receive enough votes to pass, investor support hit 30 percent,...

  • LOS ANGELES, Feb 9- A Sanderson Farms Inc shareholder proposal requesting the third-largest U.S. poultry producer phase out the use of medically important antibiotics for growth promotion and disease prevention failed to pass on Thursday, its backers said. While the non-binding proposal did not receive enough votes to pass, investor support hit 30 percent,...

  • This is the world's most expensive chocolate bar

    This is the world's most expensive chocolate bar