Canadian retailer Couche-Tard has booked a jump in full-year earnings, as it benefited from higher sales, improved margins and an extra trading week. The Quebec-based forecourt operator said net profit in the 53 weeks to the end of April ...
Tags: Canadian retailer, margins, trading week
ConAgra Foods has named former PepsiCo executive Bill Hutton as head of the company's consumer foods international business. Citing Hutton's FMCG experience in emerging markets, ConAgra also emphasised that he is adept at "creating value ...
Tags: consumer foods, international business, emerging markets
An artist rendering shows how the new Tommy Bahama Island Caf will look when the High Point Market opens. HIGH POINT As it charges into the outdoor furniture category with its Tommy Bahama Outdoor Living line,Lexington Home Brands plans ...
Tags: how, thenewTommyBahamaIslandCaf, look, theHighPointMarketopens
Shares in Dutch food group CSM closed up today (8 August) after the company reported half-year profits that beat analyst forecasts and it provided an update on the planned sale of its bakery business. CSM shares finished 3.05% higher on ...
Tags: Dutch food, bakery businesses, net sales
Cranswick has expanded its presence in the cooked meats category with the acquisition of Kingston Foods. The company said the move further diversified its product portfolio and is in-line with the strategy that Cranswick CEO-elect Adam ...
Irish food manufacturer Kerry Group has booked a decline in first-half profits. In the six months to the end of June, profits after taxation dropped to EUR107.6m (US$132.8m) from EUR144.4m last year. Operating profit declined 23.9% to ...
Tags: Irish food, first-half profits, EPS guidance
B&G Foods has booked an increase in third-quarter income, boosted by price hikes and the contribution from acquisitions. The US company said yesterday (18 October) net profit increased to US$16.9m from $12.1m in the comparable period of ...
Tags: Pricing, Acquisitions, Profits
New Jersey-based food group, B&G Foods, has acquired the New York Style and Old London brands from Chipita America in an all-cash deal worth around US$62.5m. The deal marks the company's first foray into the snacks category. B&G said it ...
Tags: production plant, New York Style, B&G Foods
Insurance brokerage and risk management firm Marsh & McLennan Agency (MMA) has acquired Brower Insurance Agency, an independent firm in Ohio, for an undisclosed sum. Following the transaction, the acquired enterprise will act as MMA's ...
Tags: insurance brokerage, risk management firm, independent firm
French retail giant Casino has booked a 35% jump in third-quarter sales, boosted by a strong international showing and a contribution from acquisitions. In a sales update released yesterday (15 October), Casino said group sales increased ...
Cargill has said that it remains confident in its prospects, despite a 56% drop in full-year profits. For the 12 months to the end of May, Cargill saw profits slide to US$1.17bn. Fourth-quarter profits plunged by 82% to $404m, marking the ...
Tags: Profits Slump, Slump, record profits
French vegetable processor Bonduelle has booked an increase in full-year earnings, with sales growth outside of Europe offsetting weakness on the continent while cost cutting initiatives and lower financing costs boosted the bottom line. ...
Tags: vegetable processor, net income, Bonduelle
Agribusiness giant Bunge has booked a jump in third-quarter income, which more than doubled as sales benefited from rising grain prices. The company said net earnings in the three months to the end of September rose to US$289m, up from ...
Tags: Agribusiness, grain prices, grain, grain trader
US egg firm Cal-Maine Foods has signed a deal to acquire the egg production assets of Maxim Production Co. The assets included in the deal comprise a feed mill and two production complexes with capacity for around 3.5m laying hens with ...
Tags: egg assets, egg, egg Foods, laying hens
US c-store giant 7-Eleven has made another acquisition, snapping up stores from licencee Prima Marketing. 7-Eleven yesterday (20 August) announced a deal to buy 74 outlets and two land parcels. It said the "bulk" of the stores were in ...