Foodservice News & Media
Campbell Soup Q1 2021 sales, earnings spike driven by COVID-19
December 9, 2020
The Campbell Soup Co.'s sales increased 7% from $2.83 billion in the first quarter of 2019 to $2.34 billion for the first quarter of fiscal 2021 ending Nov. 1…
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Self-Service Innovation Virtual Summit honors inaugural Innovation Awards winners
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
The winners of the first Self-Service Virtual Innovation Awards were announced yesterday during the Self-Service Innovation Virtual Summit.
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Middleby acquires liquid filling systems provider
December 9, 2020
The Middleby Corp., a provider of commercial foodservice solutions, has acquired Wild Goose Filling, a provider of design, manufacture and service of specialty…
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Hong Kong transit stations offer COVID-19 specimen collection machines
December 8, 2020
Vending machines have been set up at 10 transit stations in Hong Kong for the public to collect COVID-19 specimen collection packs, according to a press…
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Post Holdings to acquire Peter Pan brand from Conagra
December 7, 2020
Post Holdings, Inc. will acquire the Peter Pan peanut butter brand from Conagra Brands Inc. for an undisclosed sum, according to a press release.
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Sysco names Tom Peck EVP, chief digital officer
December 4, 2020
Tom Peck Tom Peck will join Sysco Corp. as executive vice president and chief information and digital officer, effective Jan. 4, 2021, according to a…
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Considerations for choosing the right type of mobile food business
by Richard Traylor — Writer, WebstaurantStore
Mobile food is a growing industry, but a new operator must first decide between a food truck, food trailer or food cart. Each of the three options has its pros…
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Sodexo acquires London-based Fooditude
December 2, 2020
Sodexo has taken a majority shareholding in Fooditude, a London-based foodservices provider, according to an announcement on Sodexo's website.
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NAMA combining annual show, coffee event next year
December 1, 2020
Next year, the National Automatic Merchandising Association show and the Coffee Tea & Water show will be combined on Aug. 18-20 at the Ernest N. Morial…
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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
From component scan engine technology that easily integrates into your design, to private labelled wireless and mobile computing solutions with your…
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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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