Foodservice News & Media
Nestlé to divest peanut milk, canned rice porridge business in China, will keep Nescafé
November 30, 2020
Nestlé has agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co., Ltd. for an undisclosed sum, according to a…
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Braimex installs first Snack-O-Matic in Mexico
November 25, 2020
Braimex Maquinaria s.l., a Spain-based provider of self-service hot food systems based on the historic Automat, has placed its first Snack-o-Matic…
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Compass Group 2020 sales, earnings tumble due to COVID-19
November 24, 2020
Compass Group PLC, which owns Canteen in the U.S., reported revenue fell 18.8% year on year from £24.8 billion ($33.06 billion) to £20.2 billion ($26.9…
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Hormel Foods suffers Q4 sales, earnings declines
November 24, 2020
Hormel Foods Corp. reported sales of $1.96 billion for the fourth quarter ending Oct. 25, 2020 compared to $2.007 billion for the 2019 period. Net earnings for…
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Morrow to leave leadership role at Lancer Worldwide
November 24, 2020
E.J. Morrow E. J. Morrow, global president at Lancer Worldwide, will leave the manufacturer of beverage dispensing and foodservice equipment on Nov.
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Royal Vending named one of Oregon’s 100 fastest growing companies
November 23, 2020
Royal Vending, based in Tigard, Oregon, has been named to the Portland Business Journal's Oregon's 100 fastest growing companies list for the fourth…
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COVID-19’s impact on convenience services by the numbers
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
An economic impact study, sponsored by the National Automatic Merchandising Association, puts some hard numbers to the challenges and successes in the…
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Joel Grade assumes new role at Sysco, Aaron Alt tapped as CFO
November 17, 2020
Aaron Alt Sysco Corp. has named Aaron E. Alt executive vice president and chief financial officer, effective Dec. 7, 2020. Joel Grade, current…
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Aramark Q4 revenue, earnings tumble due to COVID-19
November 17, 2020
Aramark Corp. reported consolidated revenue of $2.69 billion in the fourth quarter ending Oct. 2, 2020, down 32% compared to prior year's $3.95 billion caused…
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OEM Scan Engines and Devices
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B&G Foods CEO quits
November 16, 2020
Kenneth Romanzi Kenneth Romanzi, who was promoted to the top spot from executive vice president and COO in April 2019 at B&G Foods, announced…
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Tyson Foods Q4 earnings rise as revenue misses market expectations
November 16, 2020
Tyson Foods Inc., which owns brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidels, ibp and Stare Fair, reported $11.45 billion in…
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Kraft Heinz introduces touchless condiment dispenser
November 16, 2020
Kraft Heinz has introduced an automatic dispenser to provide touchless dispensing of condiments, according to a press release.
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Sysco eliminates minimum delivery requirements
November 15, 2020
Sysco Corp. has eliminated minimum delivery size requirements for customers' regularly scheduled deliveries as part of the company's Restaurants Rising…
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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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