Foodservice News & Media
Mondelez reports 2.6% gain in Q1 net revenue
April 29, 2020
Mondelēz International, Inc. reported net revenues increased 2.6% in the first quarter driven by organic net revenue growth of 6.4% offset by unfavorable…
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Belgian city develops fresh food machine to minimize COVID-19 risk
April 29, 2020
The Belgian city of Leuven has developed a mobile food vending machine to allow customers to purchase products from local farmers safely right from the farmer…
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Small businesses prepare for second chance at SBA loans
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
Businesses that lost out on the first round of funding from Small Business Administration loans for relief from the coronavirus pandemic have been given a…
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Aramark closes private offering of $1.5 billion in senior unsecured notes
April 28, 2020
Aramark has closed its private offering of $1.5 billion aggregate principal amount of 6.375% senior unsecured notes due 2025, according to a press release.
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Tyson Foods warns food supply chain is breaking due to coronavirus pandemic
April 27, 2020
Tyson Foods, which closed plants in Waterloo, Iowa, and Logansport, Indiana last week to test workers for COVID-19, has warned that "millions of pounds of…
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Nestle reports 6.2% quarterly sales drop
April 24, 2020
Nestle reported total sales decreased by 6.2% to CHF 20.8 billion ($21.46 billion) for the first quarter of 2020 while organic growth reached 4.3% with real…
read nowHouse approves additional $484B in COVID-19 funds for small businesses, testing, hospitals
April 24, 2020
The U.S. House of Representatives on Thursday approved $484 billion in aid to small businesses, testing and hospitals struggling from the coronavirus pandemic…
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Euvend & coffeena trade show to co-locate with Orgatec show Oct. 29-31
April 23, 2020
The euvend & coffeena trade fair, sponsored by the European Vending & Coffee Service Association and the German Vending Association, will be held Oct.
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Danone reports first quarter sales gain, withdraws 2020 guidance due to coronavirus pandemic
April 22, 2020
Danone reported a 3.7% increase in the first quarter with consolidated sales at €6.2 billion ($6.722 billion), with 2.9% growth in volume and 0.8% growth in…
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Aramark reports second quarter revenue decline, to offer $1.25 in senior notes due 2025
April 22, 2020
Aramark, a global provider of foodservice, facilities management and uniforms, reported a $325 million decline in the fiscal second quarter in unaudited…
read nowUS Senate approves $484 B to shore up COVID-19 aid to businesses, hospitals
April 22, 2020
The U.S. Senate passed a $484 billion Tuesday to provide additional aid for small businesses and hospitals to address the current health and economic crises…
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Performance Food Group upsizes offering of $275 million senior notes
April 22, 2020
Performance Food Group Company, which owns Vistar, announced its previously announced offering of $275 million aggregate principal amount of 6.875% senior…
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Don Miguel Foods temporarily closes facility due to coronavirus pandemic
April 21, 2020
Don Miguel Foods Llc. has temporarily paused operations at its facility and will resume production on Monday, May 4 in response to the COVID-19 pandemic…
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Kraft Heinz to hold virtual annual meeting May 7
April 21, 2020
The Kraft Heinz Company will hold its 2020 annual meeting in a virtual-only format due to continued public health concerns related to the COVID-19 outbreak…
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NAMA’s Carla Balakgie to address virtual health summit
April 21, 2020
Carla Balakgie Carla Balakgie, CEO of the National Automatic Merchandising Association, will be a featured speaker at PHA 10: Accelerating a…
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Looking to start a food delivery service? Inhouse or third-party?
by Richard Traylor — Writer, WebstaurantStore
This is the second of a two-part series on how foodservice operators can put a delivery service in place.
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Kar's Nuts taps Campbell Soup’s Jennifer Bauer as CMO
April 20, 2020
Jennifer Bauer Kar's Nuts, a manufacturer of snacks under the Kar's, Second Nature and Sanders Fine Chocolatiers brands, has named Jennifer…
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Hormel Foods closes plant over coronavirus outbreak
April 20, 2020
Hormel Foods has closed its food plant in Rochelle, Illinois on account of a coronavirus outbreak, according to a WTVO-TV report. County health department…
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PepsiCo annual meeting May 6 to be virtual only
April 17, 2020
PepsiCo, Inc. announced today that the format of the 2020 annual shareholders meeting has been changed to a virtual-only meeting, due to continued public…
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Performance Food Group upsizes its public offering to 13.5M shares
April 16, 2020
Performance Food Group Company, parent company of Vistar, has upsized its previously announced public offering of 11.5 million shares to 13.5 million shares of…
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