Foodservice News & Media
Kraft Heinz reports mixed Q4, FY 2023 results
February 14, 2024
Kraft Heinz Inc. reported Q4 2023 sales and earnings declines over the prior year period, but slight full-year gains, according to an earnings report.
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Farmer Brothers lifts Q2 2024 results on pricing
February 14, 2024
Farmer Brothers lifted its Q2 2024 results over the prior year period, driven by higher pricing, according to an earnings release.
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Imperial Vending breaks ground on $7.4M facility in Fort Smith, Arkansas
February 13, 2024
Imperial Vending, a Fort Smith, Arkansas-based convenience services provider serving the Fort Smith region, has begun building a $7.4 million…
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PepsiCo reports mixed Q4, FY 2023 results
February 9, 2024
PepsiCo Inc. reported mixed results for Q4 and FY 2023, with quarterly revenue revenue falling and full year revenue posting a gain, according to an earnings…
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Compass Group reports Q1 2024 growth, plans to exit China
February 9, 2024
Compass Group PLC, the U.K.-based caterer which owns Canteen Vending Services Inc. and Chartlwells Higher Education in the U.S., reported Q1 2024 organic…
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Flowers Foods boosts Q4 and FY 2023 sales, suffers earnings declines
February 9, 2024
Flowers Foods Inc., parent company of Mrs. Freshleys, Tastykake and other brands, lifted its Q4 and FY 2023 sales but suffered earnings declines compared to…
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New research questions soda tax effectiveness on obesity
February 9, 2024
While a number of health experts have claimed soda taxes help reduce obesity, researchers at Knowable Magazine have completed a study that questions this…
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Tyson Foods lifts Q1 2024 sales, earnings fall
February 8, 2024
Tyson Foods Inc. lifted its Q1 2024 sales but suffered an earnings dip against the prior year period, according to an earnings report.
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Hershey reports mixed Q4 2023 results, misses analyst expectations
February 8, 2024
The Hershey Co. reported an income decline despite a slight sale gain for Q4 2023 compared to the prior year quarter, according to an earnings report.
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Aramark reports Q1 2024 earnings dip on revenue gain, surpasses expectations
February 7, 2024
Aramark Corp. lifted its Q1 2024 revenue over the prior year period, while earnings declined, according to a press release. Highlights include:
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Middleby acquires GBT GmbH Bakery Technology
February 7, 2024
Middleby Corp. has acquired GBT GmbH Bakery Technology, based in Lünen, Germany, according to a press release.
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Performance Food Group lifts Q2 2024 results, surpasses expectations
February 7, 2024
Performance Food Group Inc., which owns Vistar Corp., the nationwide vending product warehouse distributor, lifted its sales and earnings for Q2 2024 over the…
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Farmer Brothers names John Moore president/CEO
February 7, 2024
John Moore (Image: LinkedIn) Farmer Brothers, a roaster, wholesaler and distributor of coffee, tea and allied products, has named John Moore as…
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Shawn O’Grady to retire from General Mills North America Foodservice
February 7, 2024
Shawn O'Grady (Image: LinkedIn) Shawn O'Grady, group president, North America Foodservice at General Mills Inc., will retire from the company…
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Sugar Foods taps Coca-Cola Icecek’s Andriy Avramko as CFO
February 6, 2024
Sugar Foods Corp., serving foodservice, grocery, retail and restaurant brands, has named Andriy Avramenko as chief financial officer effective immediately…
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J&J Snack Foods lifts Q1 2024 earnings despite sales dip
February 6, 2024
J&J Snack Foods Corp. lifted its Q1 2024 earnings against declining sales over the prior year period, according to an earnings report. Highlights include:
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Sodexo acquires Five Star Food Services in Texas
February 5, 2024
Sodexo's InReach has acquired Five Star Food Services headquartered in Stafford, Texas, near Houston, according to a press release. Terms of the acquisition…
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New York lawmakers seek tax, safety labels for sugary drinks
February 5, 2024
New York state lawmakers have reintroduced two bills that will increase the cost of sugary beverages, according to the National Automatic Merchandising…
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Keurig teams with Lavazza on Canadian brand K-Cup
February 2, 2024
Keurig Dr Pepper Inc. has expanded its partnership with Lavazza Group to provide wider sales and distribution of Lavazza K-Cup pods and the introduction of the…
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PepsiCo Beverages opens Wisconsin warehouse
February 2, 2024
PepsiCo Beverages North America has opened a 150,000-square-foot warehouse in Lisbon, Wisconsin, a regional hub with more than 260 employees, according to a…
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