Packaged food giant PepsiCo has cut its annual profit forecast as tariffs are set to drive up production costs and demand remains uncertain. Nestle says it has beaten its first quarter sales growth expectations and tariff effects are unclear.
Tag Archives food processing
Packaged food giant PepsiCo cuts profit forecast as tariffs set to drive up costs
Nestle beats quarterly sales estimates, says indirect tariff impact ‘unclear’
Strong year predicted for Canadian dairy products, meat processors expect squeeze
It's projected to be a strong year for dairy product makers, while meat product manufacturers' margins may be squeezed as rising prices fail to offset higher input costs, Farm Credit Canada (FCC) said in its new Food and Beverage Report.
Protein Industries Canada to fund scale-up of domestic processing
A new pot of cash will help Canadian food processors reformulate products or create new goods for the domestic market in the face of trade uncertainty, Protein Industries Canada (PIC) announced Thursday.
Vanscoy, Sask. plant protein processor closes
Ingredion Inc. has closed its plant protein and flour processing facility at Vanscoy, Sask., effective January 6, according to filings with the U.S. Securities and Exchange Commission.
Lawsuit accuses major food companies of marketing ‘addictive’ food to kids
Major food companies, including Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit in the U.S. on Tuesday accusing them of designing and marketing 'ultra-processed'; foods to be addictive to children, causing chronic disease.
Brazil’s JBS sees strong demand for meat in US
Brazil's JBS, the world's largest meatpacker, sees "very strong" demand for beef, pork and chicken in the U.S., said the president of JBS USA, Wesley Batista Filho on Thursday during the firm's third quarter earnings call.
JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
Brazilian meatpacker JBS and Mexico's Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the matter.
Packaged food giant Conagra Brands’ quarterly results miss on weak demand
Packaged food giant Conagra reported first-quarter results that missed Wall Street estimates as budget-conscious consumers prioritized spending on lower-priced alternatives over the company's higher-priced pantry staples, sending its shares down about seven per cent.
Food companies launch partnership to cut dairy industry’s CO2 emissions
Food companies Ajinomoto and Danone unveiled on Thursday a partnership to reduce the dairy industry's greenhouse gas emissions using a feed additive called AjiPro®-L, which is purported to reduce nitrous oxide emissions from manure.
Food and beverage sales to fall in 2024; processor margins to improve
Stabilizing or declining input prices working their way through the supply chain, FCC says
Farm Credit Canada is predicting Canadian food and beverage sales will fall slightly this year as consumers manage tight budgets. Gross margins, however, should increase as the effects of falling commodity prices work their way through the supply chain, the farm lender said in an April 9 news release.
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