bakenet:eu – News for the baking industry

Dublin / OH. (twc) The Wendy’s Company reported preliminary unaudited results for the fourth quarter and fiscal year ended December 30, 2018. The Company plans to release its audited financial results on or before February 27, 2019. «We are proud of the progress we made in 2018 to strengthen...

Cheesecake Factory: Reports Q4 of Fiscal 2018 Results

Calabas Hills / CA. (cf) The Cheesecake Factory Incorporated reported financial results for the fourth quarter of fiscal 2018, which ended on January 01, 2019. Total revenues were USD 585.2 million in the fourth quarter of fiscal 2018 compared to USD 571.8 million in the fourth quarter of fiscal 2017...

Hershey Company: Reaffirms Outlook For 2019

Hershey / PA. (thc) In a presentation at the 2019 Consumer Analyst Group of New York (CAGNY) Conference in Boca Raton, Florida, Michele G. Buck, President and Chief Executive Officer of the Hershey Company , reviewed the progress the company has made against its strategic plans and...

AAK: Acquires Dutch Vegetable Oils Refinery

Malmo / SE. (aak) To increase capacity, support existing production facilities and enable continued growth, Swedish AAK Group (former AarhusKarlshamn AB) has acquired Dutch company MaasRefinery B.V., specialized in toll refining of vegetable oils and fats for the food industry. MaasRefinery is...

Ajinomoto: records impairment losses in America

Tokyo / JP. (aci) Ajinomoto Company Incorporated, a worldwide leader in amino acids, pharmaceuticals, high-quality seasonings, processed foods, beverages, and specialty chemicals, recorded an impairment loss and an impairment loss on an investment accounted for using...

Greggs PLC: announces strong start to 2019

Market + Management

Newcastle upon Tyne / UK. (gs) British Greggs PLC, the leading bakery food-on-the-go retailer in the UK with more than 1’950 retail outlets throughout the country, announces an «exceptionally strong start» to 2019. In the seven weeks to 16 February, total sales grew by 14.1 percent (2018 comparator...

Mondelēz: Highlights Progress on Strategic Plan

Deerfield / IL. (mdlz) Mondelez International reiterates its 2019 financial outlook and long-term growth targets at the Consumer Analyst Group of New York (CAGNY) Conference in Boca Raton, Florida. Chairman and Chief Executive Officer Dirk Van de Put, together with Chief Financial Officer Luca...

General Mills: Reaffirms Fiscal 2019 Guidance

Minneapolis / MN. (gm) In conjunction with a presentation at the Consumer Analyst Group of New York (CAGNY) Conference in Boca Raton, Florida, General Mills Inc. reaffirmed its key financial targets for the fiscal year ending May 26, 2019. Those targets include: Organic net sales are expected to...

Starbucks China: Unveils First Reserve Bakery Café