Survey says over 80% of U.S. small businesses expect long-term impact from pandemic

May 11, 2020

San Francisco-based Veem, a global payments network, surveyed 630 small business companies on a variety of issues regarding how the coronavirus has affected…

Northern Trust provides $100 million to support small business

May 11, 2020

Northern Trust Corporation is providing $100 million in low-cost funding to assist Community Development Financial Institutions in providing loans to small…

Farmer Brothers reports 12% Q3 net sales fall

May 8, 2020

Farmer Bros. Company reported net sales were $129.1 million, a decrease of $17.5 million, or 12%, from the prior year period for its third fiscal quarter which…

Primo Water reports 11% Q1 revenue gain

May 8, 2020

Primo Water Corp. reported revenue increased 11% in the first quarter (increased by 13% excluding the impact of foreign exchange and the divested Cott…

NAMA releases guidelines, checklists for returning to full operations

May 6, 2020

The National Automatic Merchandising Association has released guidelines, including checklists, for operators working to keep break rooms safe, according to a…

Convenience services industry video reinforces industry’s commitment to safety

May 6, 2020

The convenience services industry banded together nationwide to send a powerful message of support to America's businesses in a 2-minute video produced by Vend…

Aramark reports 6.7% revenue decline for second quarter

May 5, 2020

Aramark's consolidated revenue declined 6.7% year-over-year for the second quarter to $3.7 billion, with underlying growth in the overall business more than…

S&D Coffee and Tea lays off 1,000 due to COVID-19

April 30, 2020

S&D Coffee and Tea, a roaster, retailer and coffee service provider which is now owned by Wet Rock Coffee Company in Little Rock, Arkansas, has laid off…

Dunkin' Brands pulls off Q1 EPS feat by beating analysts estimates

April 30, 2020

Dunkin' and Baskin-Robbins parent, Dunkin' Brands Group Inc., pulled off a first quarter surprise, reporting adjusted earnings of 67 cents, that beat analysts…

Starbucks fiscal Q2 earnings hit by COVID-19

by David Jones — Editor, Networld Media Group

April 29, 2020

Starbucks Corp., one of the first global companies to feel the sting of COVID-19, reported a 47% drop in earnings during its fiscal second quarter, yet managed…

Judge’s ruling to allow Nestle to extract more Michigan water

April 29, 2020

A Michigan judge upheld a permit that allows Nestle to increase the amount of groundwater it extracts for its Ice Mountain bottled water brand, according to an…

Keurig Dr Pepper reports 4.4.% Q1 net sales gain

April 28, 2020

Keurig Dr Pepper Inc. reported net sales in the first quarter of 2020 increased 4.4% to $2.61 billion, compared to $2.50 billion in the year-ago period…

Componenti Vending introduces OEM component coffee grinders

April 28, 2020

  Series 252 Componenti Vending S.p.A. has introduced its new OEM component coffee grinders, series 256 Flatt Mill and series 252 conical mill. These…

Nestle reports 6.2% quarterly sales drop

April 24, 2020

Nestle reported total sales decreased by 6.2% to CHF 20.8 billion ($21.46 billion) for the first quarter of 2020 while organic growth reached 4.3% with real…

House approves additional $484B in COVID-19 funds for small businesses, testing, hospitals

April 24, 2020

The U.S. House of Representatives on Thursday approved $484 billion in aid to small businesses, testing and hospitals struggling from the coronavirus pandemic…

Euvend & coffeena trade show to co-locate with Orgatec show Oct. 29-31

April 23, 2020

The euvend & coffeena trade fair, sponsored by the European Vending & Coffee Service Association and the German Vending Association, will be held Oct.

Danone reports first quarter sales gain, withdraws 2020 guidance due to coronavirus pandemic

April 22, 2020

Danone reported a 3.7% increase in the first quarter with consolidated sales at €6.2 billion ($6.722 billion), with 2.9% growth in volume and 0.8% growth in…

US Senate approves $484 B to shore up COVID-19 aid to businesses, hospitals

April 22, 2020

The U.S. Senate passed a $484 billion Tuesday to provide additional aid for small businesses and hospitals to address the current health and economic crises…

Parlevel Systems releases e-commerce tool for convenience service operators

April 21, 2020

Parlevel Systems has released Parlevel Run, a service that enables convenience services businesses to deliver products directly to consumers, according to a…

NAMA’s Carla Balakgie to address virtual health summit

April 21, 2020

Carla Balakgie Carla Balakgie, CEO of the National Automatic Merchandising Association, will be a featured speaker at PHA 10:  Accelerating a…