Foodservice News & Media

Coca-Cola stalks Poppi

February 16, 2024

The Coca-Cola Co. is seeking to acquire soda brand Poppi, according to people claiming to have knowledge about the matter, Bloomberg reported.

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US Foods to acquire IWC Food Service in Tennessee

February 16, 2024

US Foods Holding Corp. has agreed to acquire IWC Food Service, a broadline distributor located in Cookeville, Tennessee, for an undisclosed sum, according to a…

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US Foods lifts Q4, FY 2023 sales, earnings

February 15, 2024

US Foods Holding Corp., a warehouse foodservice distributor, lifted its Q4 and FY 2023 results over the prior periods, driven by case volume growth. Highlights…

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Coca-Cola Co. reports mostly positive Q4, FY 2023 results

February 14, 2024

The Coca-Cola Co. lifted its revenues for Q4 and FY 2023, while earnings were mixed, according to a press release.

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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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