Coffee Service News
United Natural Foods lifts Q2 2023 sales boosted by inflation, suffers earnings decline
March 8, 2023
United Natural Foods Inc. lifted its Q2 2023 sales boosted by inflation but suffered an earnings decline, according to an earnings report. Highlights include:
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NuZee teams with Apffels roastery to expand West Coast manufacturing
March 8, 2023
NuZee Inc., a coffee technology provider and co-packer of single-serve specialty coffee formats, has entered into a manufacturing agreement with…
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JM Smucker names 4 to leadership roles
March 8, 2023
Gail Hollander, Robert Crane, TimWayne and Angie Burick assume new roles at The J.M. Smucker Co. The J.M. Smucker Co., which owns Folgers, Dunkin'…
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Primo Water Corp shareholder nominates 4 outside directors
March 6, 2023
A shareholder of Primo Water Corp., a provider of water direct to consumers and water filtration services in North America and Europe and a provider of water…
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Luckin Coffee lifts Q4, FY 2022 revenues on COVID recovery
March 2, 2023
Luckin Coffee, a pioneer in coffee vending and a competitor to Starbucks in China which restructured in 2021 after filing for bankruptcy protection, lifted its…
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Steeped Coffee partners with BLK & Bold Specialty Beverages
March 2, 2023
Steeped Coffee, a provider of coffee that uses a steeped brewing method, has partnered with BLK & Bold Specialty Beverages to bring the independent…
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JM Smucker lifts Q3 2023 sales, earnings
March 1, 2023
The J.M. Smucker Co., which owns Folgers, Dunkin', Smucker and other brands, lifted its sales and earnings for Q3 2023, according to an earnings report.
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Nestlé to exit Myanmar over violence, instability
March 1, 2023
Nestlé S.A. will close its factory and head office in Yangon, Myanmar due to violence and instability in the country, according to a CNN report.
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Westrock Coffee acquires Bixby Roasting
March 1, 2023
Westrock Coffee Co., a coffee provider to the retail, foodservice, convenience store, travel center and hospitality industries, has acquired Bixby Roasting…
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Danone to build $65M Florida facility for coffees, creamers
February 28, 2023
Danone North America will invest up to $65 million over the next two years to create a new bottle production line in Jacksonville, Florida, according to a…
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JDE Peet’s boosts 2022 results, anticipates growth for 2023
February 23, 2023
JDE Peet's, which is owned by JAB Holdings and owns Peet's Coffee, Douwe Egberts, Jacobs and other brands, lifted its 2022 sales and underlying profit over the…
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Keurig Dr Pepper Q4, FY 2022 sales rise on price hikes, earnings suffer
February 23, 2023
Keurig Dr Pepper Inc. lifted its Q4 and FY 2022 sales, boosted by pricing, while earnings took a hit, according to a press release.
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Danone lifts Q4, FY 2022 sales boosted by price hikes, FY earnings fall
February 22, 2023
Sales for Danone S.A. in Q4 2022 topped estimates boosted by higher prices, and the company plans to lift prices again this year, if necessary, according to a…
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F Gavina recycles 2M+ coffee pods, capsules
February 21, 2023
F. Gaviña & Sons Inc., the maker of Don Francisco's Coffee, Café La Llave and other coffees, has kept more than 2 million used coffee bags, single-serve…
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Starbucks by Nespresso coffee capsules debut
February 21, 2023
Nespresso Professional has launched Starbucks by Nespresso coffee capsules for Nespresso Professional machines, according to a press release.
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Groupe SEB acquires La San Marco business from Massimo Zanetti Beverage Group
February 20, 2023
Groupe SEB, a France-based multinational that owns Montebellow, California-based Wilbur Curtis Co., along with other coffee equipment brands, has acquired the…
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De Jong Duke taps Evoca’s Rafael Rosario
February 20, 2023
Rafael Rosario De Jong Duke, a Holland based coffee service equipment manufacturer, has named coffee service industry veteran Rafael Rosario as key…
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Costa Coffee taps Groupe SEB’s Philippe Schaillee as CEO
February 17, 2023
Philippe Schaillee Costa Coffee, a U.K.-based coffee brand the Coca-Cola Co. acquired in 2018, has named Philippe Schaillee CEO of the company…
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Nestle lifts 2022 sales on price hikes, suffers earnings decline
February 16, 2023
Nestle S.A. reported an earnings decline for 2022 despite higher sales boosted by price increases, according to an earnings report. Highlights include:
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US Foods boosts Q4, FY 2022 sales, earnings
February 16, 2023
US Foods lifted its Q4 and FY 2022 results on sales gains from independent restaurants and healthcare accounts, according to an earnings release. Highlights…
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