Foodservice News & Media

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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Chowbotics offers contactless ordering and video interface

October 21, 2020

Chowbotics has unveiled new technological developments for its fresh food robot, Sally, including a mobile app for contactless ordering, in response to…

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Aramark lays off 500 in Kansas City

October 21, 2020

Aramark announced 500 layoffs at Kauffman Stadium in Kansas City because of the pandemic, according to a kmbc.com report.

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US Foods names Hancock supply chain chief

October 21, 2020

US Foods Holding Corp. has named Bill Hancock as executive vice president and chief supply chain officer, effective Nov. 9, 2020, according to a press release.

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