Foodservice News

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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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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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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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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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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