Rodkin, 62, had said that the company underestimated the issues it inherited by buying Ralcorp, which had just started to restructure.» Read More
Aug 11- Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year.
Aug 6- Mondelez International Inc, the maker of Cadbury chocolate and Oreo cookies, cut its 2014 sales target on Wednesday after price hikes to cover commodity costs sparked a backlash by consumers and retailers in some European markets. Mondelez also reported higher net income in the second quarter, topping Wall Street estimates.
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Companies like Chipotle and Philip Morris have been discussing price hikes that would give bottom lines a whole new driver. USAT reports.
Companies including Chipotle Mexican Grill Inc, Apple Inc and PepsiCo have shown they're able to take advantage of quality, trendiness, and, in the case of Pepsi's snack foods, market dominance, to maintain high prices or even raise them faster than the inflation rate, now at about 2.1 percent in the U.S.
Investors are honed in on consumer companies that use cocoa as a raw ingredient to see how they manage costs to protect the bottom line.
NEW YORK, July 24- Hershey Co, one of the world's best known names in chocolate, expects its first price hike in three years to crimp short term sales, but over the long haul the popularity of chocolate will prevail, the company's chief executive said on Thursday.
Mars Chocolate North America said that it will raise its prices by 7 percent "to offset rising costs," its first increase in three years.
NEW YORK, July 23- Mars Chocolate North America, the maker of M&M's and Snickers, said on Wednesday that it will raise its prices by an average of 7 percent "to offset rising costs," its first increase in three years.
NEW YORK, July 23- Mars Chocolate North America said on Wednesday that it will raise its prices by an average of 7 percent "to offset rising costs," marking its first increase in three years.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
The price increase is a sign that a year-long soaring cocoa market is eating into confectioners' profits.
Some of the names on the move ahead of the open.
July 15- Hershey Co, the No. 1 candy producer in the United States, on Tuesday hiked its chocolate prices for the first time in three years, a sign that a year-long soaring cocoa market is eating into confectioners' profits.
July 15- Hershey Co, the No. 1 candy producer in the United States, said it would increase prices of its instant consumable, multi-pack, packaged candy and grocery lines by about 8 percent to tackle rising commodity costs.
July 15- Hershey Co, the No. 1 candy producer in the United States, said it would increase prices of its instant consumable, multi-pack, packaged candy and grocery lines by 8 percent to tackle rising commodity costs.
As stocks creep ever higher and spark bubble rumors, one other bubble appears to be deflating: the gum bubble.
Pizza Hut will roll out nationally an almost-pizza-sized chocolate-chip cookie, cut into eight slices. USA Today reports.
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KUALA LUMPUR, June 16- The storm of bad publicity that hit confectioner Cadbury in Malaysia after its chocolates tested positive for traces of pork highlights the costly, religious minefield food companies must navigate as they rush to tap the surging $1 trillion global halal market.