Foodservice News & Media

Want to join the rising mobile food business? What to consider

by Richard Traylor — Writer, WebstaurantStore

Mobile kitchens are the fastest growing segment of the foodservice industry. Entrepreneurs interested in joining this business must first decide which type of…

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Nestle acquires U.K. based direct-to-consumer health food maker

November 9, 2020

Nestlé SA is acquiring Mindful Chef, a U.K. based provider of a healthy recipe box and prepared frozen meals, according to a Yorkshire Post report.

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B&G Foods beats Q3 expectations on positive sales, earnings

November 6, 2020

B&G Foods Inc., which markets brands such as Green Giant, Cream of Wheat, Maple Grove Farms and more, reported net sales rose 22% from $406.3 million from…

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Primo Water Q3 revenue jumps 10%, beats revenue and earnings expectations

November 5, 2020

Primo Water Corp. reported a 10% revenue gain to $518 million for the third quarter ending Sept. 26, 2020 compared to $472 million for last year's third…

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Performance Food Group Q1 2021 sales jump 12.9%, Vistar falls 13.2% due to COVID-19

November 4, 2020

Performance Food Group, which owns Vistar, reported a 12.9% gain in net sales from $6.24 billion in 2019 to $7.0 billion for the three months that ended Sept.

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Sysco Q1 2021 sales, earnings tumble but beat market expectations

November 3, 2020

Sysco Corp. sales fell 23% from $15.3 billion to $11.8 billion in the first 2021 quarter ending Sept. 26 compared to the same period last year, according to an…

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Mondelez Q3 revenue jumps 4.9%, adjusted earnings stay flat

November 3, 2020

Mondelēz International Inc. revenues rose 4.9% from $6.35 billion in 2019 to $6.66 billion in the third quarter ending Sept. 30, 2020, driven by a 4.4% boost…

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US Foods Q3 sales take COVID hit, but company sees improvement

November 3, 2020

US Foods Holding Corp. net sales for the third quarter ending Sept. 26, 2020 decreased 10.5%, from $6.53 billion the prior year to $5.84 billion, but saw…

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Nestle acquires meal delivery service Freshly

November 2, 2020

Nestlé S.A. has acquired Freshly, a fresh-prepared meal delivery service in the U.S. for up to $1.5 billion, according to a press release. The deal values…

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COVID-19 delivers Sodexo a hefty loss for fiscal 2020

October 29, 2020

Sodexo, a Paris-based foodservices and facilities company, reported a net loss of 315 million euros ($370 million) for the fiscal year ending Aug. 31,compared…

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Kraft Heinz reports Q3 sales gain, surpasses expectations

October 29, 2020

The Kraft Heinz Co. net sales rose 6%, from $6.07 billion in 2019's third quarter to $6.4 billion for the quarter ending Sept. 26, 2020, despite an unfavorable…

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Kellogg’s Q3 earnings beat expectations, driven by organic growth

October 29, 2020

Kellogg's third quarter net sales increased nearly 2%, from $3.37 billion in 2019 to $3.43 billion in 2020, as the absence of approximately one month of…

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Shwan’s CEO Smyrnios becomes executive chairman of parent company

October 28, 2020

Dimitrios Smyrnios Dimitrios Smyrnios, CEO of Schwan's Co., has been named executive chairman of CJCJ Food Americas, according to a press release. As…

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Sodexo to cut 2,038 positions due to COVID-19

October 28, 2020

Sodexo, a Paris-based foodservice contractor, plans to cut 2,083 jobs as part of a financial restructuring on account of COVID-19, according to a Reuters…

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JM Smucker to sell Crisco business to B&G Foods for $550 million

October 27, 2020

The J.M. Smucker Co. has agreed to sell its Crisco oils and shortening business to B&G Foods, Inc. in a cash transaction valued at approximately $55…

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Kraft Heinz chief growth officer to step down

October 26, 2020

Nina Barton Nina Barton, chief growth officer at Kraft Heinz, has chosen to leave the company to seek other career opportunities, according to a…

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Nestle boosts 9-month organic sales amid challenging market

October 23, 2020

Nestle SA reported sales for the first nine months decreased by 9.4% from CHF 68.4 billion ($75.47 billion) in 2019 to CHF 61.9 billion ($68.3 billion) in…

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Unilever Q3 sales increase boosted by strong at-home business

October 23, 2020

Unilever, a manufacturer of food and hygiene products with brands such as Ben & Jerry's and Magnum, reported Q3 sales of 12.93 billion euros ($15.2…

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Aramark lays off thousands more due to COVID-19

October 22, 2020

Aramark, one of the world's largest convenience services and contract foodservice providers, has laid off thousands of employees at professional sports…

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Hormel Foods announces 3 appointments, 2 retirements

October 22, 2020

Leslie Lee Hormel Foods Corp. has announced three appointments and two retirements, according to a pair of press releases.

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