News for the baking industry
Westerville / OH. (lc) Lancaster Colony Corporation reported results for the company’s fiscal first quarter ended September 30, 2019. Highlights for the quarter are as follows: Consolidated net sales increased 6.4 percent to a first quarter record USD 337.1 million versus USD 316.7 million last…
Chicago / IL. (mdc) McDonald’s Corporation announced that its Board of Directors has named Chris Kempczinski, most recently President, McDonald’s USA, as President and Chief Executive Officer, effective immediately. Kempczinski has also been elected to the McDonald’s Board of Directors…
Chicago / IL. (mdc) McDonald’s Corporation announced that Joe Erlinger, most recently President, International Operated Markets, has been appointed President, McDonald’s USA, effective immediately. Erlinger’s appointment follows the recent appointment of Chris Kempczinski as…
Parsippany / NJ. (bgs) B+G Foods Inc. announced financial results for the third quarter and first three quarters of 2019. Financial results for the third quarter and first three quarters of 2019 reflect the impact of the divestiture of Pirate Brands during the fourth quarter of 2018 and the acquisitions…
Chicago / IL. (adm) Archer Daniels Midland Company (ADM) reported financial results for the quarter ended September 30, 2019. «We delivered solid third quarter results, consistent with the perspectives we provided last quarter, despite a difficult external environment,» said Chairman and CEO Juan…
Westchester / IL. (ingr) Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, reported results for the third quarter 2019. The results, reported in accordance with U.S. generally accepted accounting principles (GAAP) for 2019 and 2018, include items that…
East Rutherford / NJ. (hud) Hudson Group, a leader in North American travel retail, announced that it has signed an agreement to acquire a controlling stake in the assets of OHM Concession Group LLC, an award winning food and beverage concessions operator in North America. The addition of…
Seattle / WA. (sc) Starbucks Corporation reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2019. GAAP results in fiscal 2019 and fiscal 2018 include items which are excluded from non-GAAP results. «I’m very pleased with our strong finish to…
Louisville / KY. (yb) Yum! Brands Inc. reported results for the third-quarter ended September 30, 2019. Worldwide system sales excluding foreign currency translation grew 8 percent, with 7 percent net-new units and 3 percent same-store sales growth. Third-quarter GAAP EPS was USD 0.81, a decrease…
Burgstall / IT. (ds) Dr. Schär AG, European market leader for gluten free nutrition and dietetic foods, is further expanding its international partnerships with two new branches in Argentina and Turkey. The aim of the manufacturer is to establish the Schär subsidiary brand in the premium segment of…
