Sysco reports record Q4 and FY results

August 3, 2023

Sysco Corp. delivered record sales and earnings for both Q4 and full year 2023, boosted by improvement in both its U.S. and international foodservice segments…

Is cold the new hot at Starbucks?

by Cherryh Cansler — Publisher, FastCasual.com

August 3, 2023

The cold business at Starbucks is hotter than ever as sales of unheated drinks reached 75% of U.S. beverage sales during the chain's third quarter, which ended…

Kraft Heinz lifts Q2 2023 results boosted by price hikes

August 2, 2023

Kraft Heinz Inc. lifted its earnings on higher sales for Q2 2023, supported by higher prices, according to an earnings report.

Ansa Roasting secures $9M in funding

August 2, 2023

Ansā Roasting Inc., an Israel based startup which provides a self-serve, countertop roaster for the at-work and hospitality markets, has secured a total of $…

Blue Heaven Coffee targets North American vending market

August 1, 2023

Canopus BioPharma Inc., an Ontario, Canada-based company doing business as Blue Heaven Coffee Inc., has released an overview of its fleet of touchless and…

Luckin Coffee reports stellar Q2 2023 results

August 1, 2023

Luckin Coffee, a pioneer in coffee vending and a competitor to Starbucks in China, reported major sales and income gains for Q2 2023, according to a press…

Glacier Fresh intros gravity water filter

August 1, 2023

Glacier Fresh, a provider of water filtration solutions, has launched a gravity filter offering 30% higher flow rate than other models, antibacterial silver…

Mondelez lifts Q2 2023 sales, earnings

July 28, 2023

Mondelez International Inc. boosted its Q2 2023 results in part on its 2022 acquisitions, according to a press release.

Performance Food Group acquires OLM Food Solutions

July 28, 2023

Performance Food Group Inc., which owns Vistar Corp., the nationwide vending product warehouse distributor, acquired OLM Food Solutions based in Sioux Falls…

Nestle reports strong HY 2023

July 28, 2023

Nestle SA lifted its sales and profits for first half 2023 over the prior year period, according to a press release, with organic sales surpassing analyst…

Groupe SEB improves earnings for HY 2023

July 28, 2023

Groupe SEB, the Ecully, France-based multinational that owns Montebellow, California-based Wilbur Curtis Co., along with other coffee equipment brands…

Community Coffee CEO David Belanger to retire

July 28, 2023

David Belanger David Belanger, CEO of Community Coffee, based in Baton Rouge, Louisiana, will retire, according to a press release.

Keurig Dr Pepper lifts Q2 2023 results, raises FY guidance

July 27, 2023

Keurig Dr Pepper Inc. lifted its sales and earnings for Q2 2023 and raised its full year sales growth outlook and reaffirmed its EPS growth guidance, according…

Kraft Heinz names 3 leaders

July 27, 2023

The Kraft Heinz Co. named three industry veterans to its North America leadership team, according to a press release.

Compass Group reports strong Q3 2023 results

July 25, 2023

Compass Group PLC reported a strong Q3 2023 revenue performance over the prior year period, with organic revenue growth of 15%, despite lapping higher…

Illycaffè boosts half-year 2023 sales, profits

July 25, 2023

Illycaffè reported significant sales and profit gains for the first half of 2023 over the prior year, according to a press release.

JDE Peet’s to acquire Maratá’s coffee and tea business

July 24, 2023

JDE Peet's, which is owned by JAB Holdings and owns Peet's Coffee, Douwe Egberts, Jacobs and other brands, has signed an agreement to acquire the Brazil based…

Sodexo to acquire AH Management

July 24, 2023

Sodexo PLC, a Paris-based food and facilities management provider, has agreed to acquire A.H. Management, a Rolling Meadows, Illinois-based convenience…

Keurig Dr Pepper signs licensing, manufacturing, distribution pact for La Colombe K-Cups

July 21, 2023

Keurig Dr Pepper Inc. has signed a licensing, manufacturing and distribution agreement with La Colombe for La Colombe branded K-Cup coffee pods, according to a…

Bevi surpasses 5,000 customer milestone for commercial water coolers

July 20, 2023

Bevi, a provider of internet-connected water coolers for commercial spaces, has exceeded 50% annual recurring revenue growth, serving more than 5,000 customers…