Foodservice News
Hormel Foods suffers Q1 2023 sales, earnings declines
March 2, 2023
Hormel Foods Corp. reported falling sales and earnings for Q1 2023 due to a continuously challenging operating environment, according to an earnings release.
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Luckin Coffee lifts Q4, FY 2022 revenues on COVID recovery
March 2, 2023
Luckin Coffee, a pioneer in coffee vending and a competitor to Starbucks in China which restructured in 2021 after filing for bankruptcy protection, lifted its…
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JM Smucker lifts Q3 2023 sales, earnings
March 1, 2023
The J.M. Smucker Co., which owns Folgers, Dunkin', Smucker and other brands, lifted its sales and earnings for Q3 2023, according to an earnings report.
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Nestlé to exit Myanmar over violence, instability
March 1, 2023
Nestlé S.A. will close its factory and head office in Yangon, Myanmar due to violence and instability in the country, according to a CNN report.
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Monster Beverage reports record Q4 2022 sales, earnings slide
March 1, 2023
Monster Beverage Corp. reached record Q4 2022 sales boosted by price hikes, but suffered an earnings decline, according to a press release. Full year results…
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Westrock Coffee acquires Bixby Roasting
March 1, 2023
Westrock Coffee Co., a coffee provider to the retail, foodservice, convenience store, travel center and hospitality industries, has acquired Bixby Roasting…
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Danone to build $65M Florida facility for coffees, creamers
February 28, 2023
Danone North America will invest up to $65 million over the next two years to create a new bottle production line in Jacksonville, Florida, according to a…
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Coca-Cola Bottling breaks ground on $85M Georgia expansion, to add 50 jobs
February 27, 2023
Coca-Cola Bottling Co. United Inc., a Birmingham, Alabama-based Coca-Cola bottler, recently broke ground on an $85 million expansion of its Macon, Georgia…
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Illinois court awards White Castle employee for biometrics privacy law violation
February 27, 2023
The Illinois Supreme Court recently ruled in favor of a plaintiff seeking damages against White Castle for violating the state's biometrics privacy law…
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Hostess Brands lifts Q4, FY 2022 sales on pricing actions, earnings mixed
February 22, 2023
Hostess Brands lifted Q4 and FY 2022 sales, boosted by pricing actions, while earnings results were mixed, according to an earnings release.
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Danone lifts Q4, FY 2022 sales boosted by price hikes, FY earnings fall
February 22, 2023
Sales for Danone S.A. in Q4 2022 topped estimates boosted by higher prices, and the company plans to lift prices again this year, if necessary, according to a…
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Tech24 acquires Commercial Kitchen Repairs
February 22, 2023
Tech24, a national provider of commercial foodservice equipment repair and maintenance, has acquired Commercial Kitchen Repairs, a provider of repair services…
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Tyson Foods to acquire Williams Sausage
February 21, 2023
Tyson Foods Inc. has agreed to acquire Williams Sausage Co. Inc. of Union City, Tennessee, for an undisclosed sum, according to a press release.
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Middleby boosts Q4, FY 2022 sales, earnings results mixed
February 21, 2023
Middleby Corp. lifted its Q4 and FY 2022 sales while earnings results were mixed, according to a press release. Highlights include:
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Flowers Foods completes acquisition of Papa Pita Bakery
February 21, 2023
Flowers Foods Inc., which owns the Mrs. Freshley's, Tastykake, Nature's Own and other consumer brands, has completed the previously announced acquisition of…
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De Jong Duke taps Evoca’s Rafael Rosario
February 20, 2023
Rafael Rosario De Jong Duke, a Holland based coffee service equipment manufacturer, has named coffee service industry veteran Rafael Rosario as key…
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McKee Foods intros website uniting vending, foodservice
February 17, 2023
McKee Foods Corp., the parent company of Little Debbie snacks and Fieldstone Bakery, has united its vending and foodservice brands under one name, McKee…
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Nestle lifts 2022 sales on price hikes, suffers earnings decline
February 16, 2023
Nestle S.A. reported an earnings decline for 2022 despite higher sales boosted by price increases, according to an earnings report. Highlights include:
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US Foods boosts Q4, FY 2022 sales, earnings
February 16, 2023
US Foods lifted its Q4 and FY 2022 results on sales gains from independent restaurants and healthcare accounts, according to an earnings release. Highlights…
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Five Star Food Service acquires Lincoln County Vending
February 16, 2023
Five Star Food Service Inc., a Chattanooga, Tennessee-based Canteen franchise convenience services operation, has acquired Lincoln County Vending, a Canteen…
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