News for the baking industry
Helsinki / FI. (fg) The availability challenges of grain, packaging materials and energy and the resulting price pressures have increased dramatically following the war in Ukraine. Despite the significant increase in the raw material prices, Finland’s Fazer Group continues to honour its…
Stockholm / SE. (fuu) Sweden’s Fuud AB announced financial information covering the period January to March 2022. Summary: Group CEO Peter Blom: «In light of all the central listings we have entered and further events in the pipeline, we continue to assess that we will reach the…
Bentonville / AR. (wama) Walmart Inc. published its financial statements for the first quarter of fiscal 2023, that ended in Bentonville on April 29, 2022. President and CEO Doug McMillon: «Across our businesses, we had a strong top-line quarter. We’re grateful to our associates for their hard work…
Montevideo / UY. (arc) Arcos Dorados Holdings Inc., Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, reported unaudited financial results for the three months ended March 31, 2022. First Quarter 2022 Highlights – Excluding Venezuela…
Bonita Springs / FL. (ifh) Innovative Food Holdings, a leading end-to-end DTC e-commerce platform and direct-to-chef platform that provides unique specialty foods through e-commerce offerings and multichannel partnerships, reported its financial results for the first quarter of 2022.
Stockholm / SE. (lg) Despite sharp rises in costs and increased uncertainty in the global value chains that continues to make a clear impact on both farming and food production, Sweden’s Lantmännen delivered record earnings in 2021, which has enabled a record dividend of…
San Francisco (CA) | Chicago (IL). (ju / adm) Eat Just Inc., a company that applies cutting-edge science and technology on a mission to create healthier, more sustainable foods, announced that its Good Meat division has entered into a joint development agreement with ADM…
Cairo / EG. (ef) Edita Food Industries S.A.E., a leader in the Egyptian packaged snack food market, announced its results for the quarter ended 31 March 2022, recording revenues of EGP 1,559.0 million, a 33.7 percent y-o-y increase. Gross profit expanded 39.9 percent y-o-y to reach…
Helsinki / FI. (pg) Paulig’s venture arm PINC, alongside Rockstart and other co-investors, has invested in Dutch plant-based cheese start-up Willicroft in a EUR 2m pre-series A investment round. Willicroft offers a range of plant-based cheeses, made by combining age-old…
Hanover / PA. (utz) Utz Brands Inc., a leading U.S. manufacturer of branded salty snacks, reported financial results for the Company’s fiscal first quarter ended April 03, 2022. Highlights: Net sales increased 26.6 percent year-over-year. Organic Net Sales increased 20.7 percent year over year.
