News for the baking industry
Milford / CT. (ssc) Suzanne Greco, Chief Executive Officer (CEO) of Subway, has informed the company’s Shareholders of her intent to retire as CEO. «Subway» has appointed Trevor Haynes, Chief Business Development Officer, as interim CEO, overseeing the day-to-day operations of the company…
Louisville / KY. (yb) Yum! Brands Inc. reported results for the first quarter ended March 31, 2018. First-quarter GAAP EPS was USD 1.27, an increase of 66 percent. First-quarter EPS excluding Special Items was USD 0.90, an increase of 38 percent. Greg Creed Comments Greg Creed, CEO, said «As we…
Shanghai / CN. (yb) Yum China Holdings (Yum! Brands Inc.) reported unaudited results for the first quarter ended March 31, 2018. Reported GAAP results include Special Items, which are excluded from adjusted measures. Special Items are not allocated to any segment and therefore only impact…
Toronto / CA. (gov) Canada’s province of Ontario is partnering with Dr. Oetker Canada, a multinational food and foodservices business, to support a new, high-speed frozen pizza manufacturing line that will help to create 103 jobs and retain 115 positions and boost competitiveness in London. The…
Hershey / PA. (thc) The Hershey Company announced sales and earnings for the first quarter ended April 1, 2018, and refined its 2018 financial outlook: Consolidated net sales were USD 1,972.0 million, an increase of 4.9 percent versus the first quarter of 2017. Acquisitions and foreign…
Oak Brook / IL. (mdc) McDonald’s Corporation announced results for the first quarter ended March 31, 2018. «We continued to build upon the broad-based momentum of our business, marking 11 consecutive quarters of positive comparable sales and our fifth consecutive quarter of positive…
Issy-les-Moulineaux / FR. (acc) AccorHotels has announced that it has signed an agreement with Mövenpick Holding and Kingdom Holding to acquire Mövenpick Hotels + Resorts, for a cash amount of CHF560 million (€482 million). The transaction implies a 14.9X 2019e Ebitda multiple before…
Raisio / FI. (rg) The Board of Directors of Finland’s Raisio Group has reassessed its February 2018 full-year outlook related to net sales. As a result of the development of early 2018 and forecast year-end net sales, the Group’s net sales are estimated to be approximately at the 2017 level. In February…
Seattle / WA. (sc) Starbucks Corporation reported financial results for its 13-week fiscal second quarter ended April 1, 2018. GAAP results in fiscal 2018 and fiscal 2017 include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures…
Purchase / NY. (pci) PepsiCo Inc. reported results for the first quarter 2018. «We generated solid overall results in the first quarter. The majority of our businesses performed very well, including particularly strong performances in our international divisions propelled by accelerated net revenue growth…
