Foodservice News
COVID-19 clips US Foods Q2 sales by 29.2%
August 6, 2020
U.S. Foods Holding Corp. net sales of $4.6 billion for the second quarter decreased 29.2% from the prior year's $6.4 billion, driven largely by the impact of…
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Aramark takes a 46% Q3 revenue hit from COVID-19
August 4, 2020
Aramark posted $2.2 billion in third quarter revenue, down 46.3% year-over-year from the impact of COVID-19 that more than offset modest underlying growth in…
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Five Star Food Service promotes Richard Kennedy to president/CEO
August 3, 2020
Richard Kennedy Five Star Food Service Inc., a Chattanooga, Tennessee-based convenience services operation, has promoted Richard Kennedy from chief…
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Tyson Foods names Dean Banks CEO
August 3, 2020
Dean Banks Tyson Foods, Inc. named Dean Banks to succeed Noel White as chief executive officer, while he maintains the role of president, as well. The…
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Kraft Heinz cites better-than-expected Q2 despite operating loss
August 3, 2020
The Kraft Heinz Co. welcomed a strong second quarter with $6.64 billion, a 3.8% net sales growth over the prior year's quarter, and 7.4% organic growth versus…
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COVID-19 clips Fresh Del Monte Produce Q2 sales, income
August 3, 2020
Fresh Del Monte Produce Inc. took a hit from COVID-19 in the second quarter, with sales falling to $1.09 billion versus $1.23 billion last year. Net income…
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Nestle unfazed by COVID-19 in first half 2020, offers cautious guidance
July 30, 2020
Global food and beverage giant Nestlé SA has weathered the COVID-19 setbacks in fighting form and moves into the second half of the year with moderate guidance.
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Compass Group reports slow progress in COVID-19 recovery for Q3
July 30, 2020
Compass Group PLC, the U.K. foodservice provider whose holdings include Compass Group USA and Canteen Vending, reported some progress against the COVID-1…
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J&J Snack Foods swings to Q3 loss from COVID-19
July 28, 2020
J&J Snack Foods Corp., a maker of pretzels, juice bars and baked goods, swung to a fiscal third quarter loss, as customer locations curtailed their…
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McLane names Adzick president of foodservice, promotes Zatina to EVP, CSO
July 28, 2020
Susan Adzick McLane Company Inc., a supply chain services company providing grocery and foodservice solutions, announced that Susan Adzick has assumed…
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Sodexo to lay off 319 employees servicing USAA
July 27, 2020
Sodexo, a food and refreshment services provider based in Paris, France, said it will not be providing services at USAA, an insurance and financial services…
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ITC Systems introduces mobile ordering for foodservice
July 23, 2020
ITC Systems has added mobile ordering to its existing suite of foodservice solutions to help users save time and money in ordering their choice of meals from a…
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Compass Group lays off 230 Northwestern dining employees
July 21, 2020
Compass Group has laid off about 230 Northwestern University dining employees who have been furlouged since March, according to a report in The Daily…
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Convenience services posts Q1 growth despite COVID-19
July 20, 2020
The U.S. convenience services industry experienced Q1 growth despite the coronavirus, according to the Convenience Services Industry Impact tool released at…
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Foodee acquires Chewse
July 15, 2020
Foodee, a Canada based office catering platform for individually packaged meals, has acquired Chewse, an office catering company servicing the San Francisco…
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Kraft Heinz invests $48M to expand Missouri manufacturing operation
July 14, 2020
Kraft Heinz has announced plans to invest in its Springfield, Missouri manufacturing facility as part of a five-year, $48 million project to enhance its…
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Merchants Foodservice CEO urges support for emergency foodservice relief bill
July 14, 2020
Andy Mercier, president and CEO of Merchants Foodservice, based in Hattiesburg, Mississippi, has called for support of the bipartisan bill introduced to…
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PepsiCo Q2 beverage sales clipped by COVID-19
July 13, 2020
PepsiCo Inc. reported lower fiscal second-quarter earnings as the COVID-19 pandemic hurt beverage sales, but finished ahead of Wall Street estimates as…
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Coca-Cola rolls out contactless Freestyle beverage dispenser
July 13, 2020
The Coca-Cola Co. is rolling out contactless, triggered via smartphone, for its Freestyle self-service dispenser used in restaurants, as the coronavirus…
read nowKraft Heinz names vp/supply chain for Canada
July 10, 2020
Anna Petrova Kraft Heinz has named Anna Petrova vice president of supply chain for Kraft Heinz Canada.
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