Foodservice News & Media

Kraft Heinz boosts Q2 2022 sales, earnings take a hit

February 14, 2023

Kraft Heinz Co. lifted its Q2 2022 sales, boosted by double digit organic sales growth while suffering a hefty earnings decline, according to an earnings…

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Coca-Cola lifts Q4, FY 2022 revenue; earnings dip

February 14, 2023

The Coca-Cola Co. lifted Q4 and FY 2022 revenue, boosted by strong organic growth, while income dipped, according to an earnings release.

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Sodexo deploys AiFi autonomous shopping in Salt Lake City convention center

February 13, 2023

Sodexo Live!, the hospitality partner to the Salt Palace Convention Center in Salt Lake City managed by ASM Global, has introduced AiFi's autonomous store…

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Food ordering platform acquires Compass Group’s technology food business Feedr

February 13, 2023

EatFirst, a U.K. based food ordering platform serving Europe and Australia, has acquired Compass Group UK & Ireland's technology food business, Feedr, for…

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Sodexo lifts Q1 2023 revenue 20%, boosted by post pandemic recovery

February 10, 2023

Sodexo SA, the Paris-based global food and facilities management provider, boosted its revenue 20.2%, from 5.26 euros ($5.61 billion) in Q1 2022 to 6.3 billion…

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Compass Group reports Q1 2023 24% revenue boost

February 10, 2023

Compass Group PLC, which owns Canteen Vending Services Inc. in the U.S., reported that organic revenue rose 24% in the first quarter of 2023 in a conference…

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Flowers Foods reports record Q4, FY 2022 sales

February 10, 2023

Flowers Foods Inc., which owns Mrs Freshley's, Tatykake, Nature's Own and other brands, reported record Q4 and FY 2022 sales, according to a press release.

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Aramark lifts Q4 2022 results driven by pricing, business growth

February 9, 2023

Aramark Corp. lifted its Q4 2022 revenue and earnings, boosted by pricing and business growth, according to an earnings report.

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Kellogg lifts Q4, FY 2022 sales, earnings fall

February 9, 2023

Kellogg Co. reported mixed results for Q4 and FY 2022, with sales rising and earnings falling, according to a financial release. Fourth quarter results…

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Tyson Foods lifts Q1 2023 sales, suffers earnings slide

February 8, 2023

Tyson Foods Inc. suffered an earnings decline against a sales boost for Q1, 2023 due to market dynamics and operational inefficiencies, according to an…

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Performance Food Group lifts Q2 2023 results, Vistar sales jump 23%

February 8, 2023

Performance Food Group, which owns Vistar, a national convenience services wholesale distributor, reported improved results for Q2 2023 supported by inflation…

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Flowers Foods names Cindy Cox HR chief

February 7, 2023

Cindy Cox Flowers Foods Inc., which owns Mrs. Freshley's, Tastykake, Nature's Own and other brands, has named Cindy Cox chief human resources…

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NRF: Recession unlikely, growth ahead

February 7, 2023

A U.S. recession is unlikely and there will be slight growth this year, according to National Retail Federation Chief Economist Jack Kleinhenz.

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Hormel Foods promotes Henry Hsia to VP/retail marketing – snacking and entertaining

February 6, 2023

Henry Hsia Hormel Foods Corp. has promoted Henry Hsia from his leadership of the Columbus Craft Meats brand to vice president of retail marketing …

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UK soda tax credited with reducing girls' obesity

February 6, 2023

Researchers at the University of Cambridge in the U.K. claim a soda tax has assisted in preventing thousands of cases of obesity among girls 10 and 11 years…

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Hershey boosts Q4, FY 2022 results, surpasses analyst expectations

February 2, 2023

Hershey Co. lifted its Q4 and FY sales and earnings for 2022, according to an earnings release, and surpassed analyst estimates.

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Frito-Lay Snack Index: Americans anxious to try new snacks

February 2, 2023

Most Americans (71%) are excited to try new flavors or variations of their favorite snack in 2023, a gain over prior years, according to the newly released…

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Mikesells snack company closes after more than a century

February 2, 2023

Mikesells, a Dayton, Ohio-based snack manufacturer since 1910, has decided to close up shop, according to a local112.com report.

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John B. Sanfilippo & Son boosts Q2 2023 sales, earnings on price hikes

February 2, 2023

John B. Sanfilippo & Son Inc. lifted its Q2 2023 sales and earnings over the prior year period boosted by price increases, according to an earnings report.

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Conagra Brands recalls 2.58M canned meat, poultry products

February 1, 2023

Conagra Brands Inc. has recalled approximately 2.58 million pounds of canned meat and poultry products due to a packaging defect that may cause the products to…

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