News for the baking industry
Monterrey / MX. (dj) Mexican corn flour and tortilla maker Gruma S.A.B. de C.V. announced its financial results for the second quarter 2011. Overview: Sales volume increased one percent due to Molinera de Mexico and Gruma Centroamerica. Net sales rose 13 percent …
Monterrey / MX. (dj) Mexican corn flour and tortilla maker Gruma S.A.B. de C.V. announced the acquisition of Solntse Mexico, the leading tortilla manufacturer in Russia, for seven million USD.
New York / NY. (rb) A new report by Rabobank´s Food + Agribusiness Research and Advisory (FAR) department examines the impact of recent coffee price increases on Brazil´s coffee supply.
Battle Creek / MG. (kc) Kellogg Company announced second quarter 2011 reported net sales growth of eleven percent to 3,4 billion USD. Internal net sales, which exclude the effects of foreign currency translation, rose six percent over the same period.
Madrid / ES. (epg) Spanish Ebro Foods posted a net profit from continuing operations of 56,8 million EUR in H1/2011; 1,1 percent more than in H1/2010. The net profit H1/2010 is not comparable with H1/2011 because the former included the dairy business.
White Plains / NY. (bl) Bunge Limited posted Q2/2011 results. Highlights: strong operating performance of 373 million USD total segment Ebit; agribusiness and food + ingredients continued to perform well; sugar + bioenergy and fertilizer performed as expected …
Toronto / CA. (cb) Canada Bread Company Limited reported its financial results for the second quarter 2011. Highlights include: adjusted Operating Earnings increased 14 percent to 35,1 million CAD; adjusted EPS were 0,97 CAD compared to 0,85 CAD last year …
St. Louis / MO. (pbc) Panera Bread Company reported net income of 36 million USD for the fiscal Q2/2011. The Q2/2011 results compare to net income of 27 million USD for the second quarter 2010 and represent a 39 percent year-over-year increase in diluted earnings per share.
Canton / MA. (db) Dunkin´ Brands Group Inc. announced the initial public offering of 22’250’000 shares of its common stock at a price of 19,00 USD per share. The shares are expected to begin trading on The Nasdaq Global Select Market on July 27 under «DNKN».
College Station / TX. (gcqri) Fair Trade USA and the Global Coffee Quality Research Initiative (GCQRI) announce a strategic partnership to provide industry-leading research to help all members of the Fair Trade coffee supply chain face the challenges of climate change.
