GO
Loading...

Food Products

More

  • Feb 4- Yum Brands Inc, owner of KFC and Pizza Hut, said on Wednesday that sales at established restaurants in its biggest market China fell less than feared in the fourth quarter as it fights to recover from a food scandal involving a minor supplier, and its shares jumped 2.1 percent. Same-restaurant sales in China, Yum's No. 1 market for revenue and profit, fell 16...

  • SAO PAULO, Feb 4- Any revival in initial public offerings in Brazil seems to hinge on whether new Finance Minister Joaquim Levy can clean up public finances and get the country's economy back on track. Strengthening the market for new listings depends increasingly on how much leeway President Dilma Rousseff will give the University of Chicago-trained...

  • Feb 3- Chipotle Mexican Grill Inc on Tuesday reported sales growth at established restaurants slowed in the fourth quarter and slightly missed Wall Street's estimate, sending shares down more than 6 percent in after-hours trade. Its stock trades at a rich valuation and is harshly punished when it fails to exceed Wall Street's lofty expectations.

  • Feb 3- Chipotle Mexican Grill Inc on Tuesday reported that the growth of sales at established restaurants decelerated from prior quarters and slightly missed Wall Street's estimate, sending shares down more than 6 percent in after-hours trade. It trades at a rich valuation and, as a result, is harshly punished when it fails to exceed Wall Street's lofty...

  • Feb 3- J M Smucker Co, the maker of Folgers coffee, said it would buy pet food maker Big Heart Pet Brands, known for brands such as Meow Mix and Milk-Bone, for $3.2 billion to enter the pet food market. Big Heart, formerly Del Monte Corp, changed its name following the sale of its fruit, vegetable, and other consumer foods business in February last year.

  • WELLINGTON, Feb 4- Supersized U.S. demand for burgers is a godsend for New Zealand farmers who have been struggling with weak dairy prices but are now earning good money for cows sent to slaughter for beef. New Zealand is the third-largest exporter of the meat to the United States, helping satisfy a surge in demand for ground beef from both long-established...

  • *Sale to generate $400 mln- $475 mln in pretax proceeds. *Forecasts 2015 adj profit of $0.33- $0.35/ shr vs est $0.39. Feb 3- Wendy's Co, the No. 3 U.S. hamburger chain by sales, said it would sell about 500 restaurants to franchisees and reduce company ownership of its outlets to about 5 percent by mid-2016.

  • Feb 3- Wendy's Co, the No. 3 U.S. hamburger chain by sales, said it would sell about 500 restaurants to franchisees and reduce company ownership of its outlets to about 5 percent by mid-2016. Wendy's, like market leader McDonald's Corp, has been struggling in an increasingly competitive fast-food market, losing out to casual dining restaurants such as Chipotle...

  • MOSCOW, Feb 3- The Russian government is discussing the introduction of price caps for essential food products, Deputy Prime Minister Arkady Dvorkovich was quoted as saying on Tuesday. A slump in the rouble and a ban on the import of some Western food products last year have led to a surge in inflation, hitting consumers. Dvorkovich's comments follow a series of...

  • Feb 2- Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns. Sysco's $3.5 billion offer for US Foods is awaiting approval from the Federal Trade Commission as the deal would combine the two largest U.S. food distributors. Sysco and US Foods are the only...

  • Feb 2- Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns. The centers generated $4.6 billion in revenue in US Foods' most recent fiscal year, Sysco said on Monday. Sysco announced its agreement to buy US Foods for $3.5 billion in December 2013.

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are...

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. To overcome Federal Trade Commission concerns, the companies have offered to sell 11...

  • Tyson beats 1Q profit forecasts Friday, 30 Jan 2015 | 10:39 AM ET

    Tyson Foods on Friday reported fiscal first-quarter net income of $309 million.

  • Deliveroo: Restaurant cuisine at your door  Friday, 30 Jan 2015 | 5:55 AM ET

    Fred Destin, partner of Accel Partners discusses why his company has invested in the food tech start-up "Deliveroo."

  • Jan 29- Campbell Soup Co said it would reorganize its business into product divisions, instead of geographies or brand groups, as it focuses on growth areas in the face of cooling soup sales. New product launches included "to-go" soups that could by made in a Keurig Green Mountain Inc coffee machine. Increasing competition from store brands, private labels and...

  • Hershey's quarterly sales miss estimates Thursday, 29 Jan 2015 | 7:12 AM ET

    Jan 29- Chocolate maker Hershey Co reported a lower-than-expected quarterly revenue as demand for bakery and meat snacks hurt chocolate sales. Hershey's net income rose to $202.5 million, or 91 cents per share, in the fourth quarter ended Dec. 31, from $186.1 million, or 82 cents per share, a year earlier. Revenue rose 2.7 percent to $2.01 billion.

  • WASHINGTON, Jan 28- U.S. lawmakers proposed a bill on Wednesday that would create a single food safety agency by bringing together the oversight functions of the Food and Drug Administration, U.S. Department of Agriculture and other agencies. Democratic Senator Richard Durbin from Illinois and Representative Rosa DeLauro, a Democrat from Connecticut, told...

  • MIAMI, Jan 27- Cargill Inc, one of the world's largest privately held corporations and a top commodities trader, will likely remain private for at least another decade, the chief executive said on Tuesday as he assessed challenges facing the 150- year old company. David MacLennan, who has led Cargill for the past 13 months, also revealed that unrest in Ukraine had...

  • Jan 27- Chocolate maker Hershey Co is in late-stage talks to acquire Krave, a maker of healthy beef, turkey and pork jerky snacks, according to people familiar with the matter. The deal is expected to value Sonoma, California- based Krave at between $200 million and $300 million, the people said this week. It sells to retailers that include Target Corp, Vitamin Shoppe...