News for the baking industry
Newcastle upon Tyne / UK. (gs) British Greggs PLC, the leading bakery food-on-the-go retailer in the UK with more than 2,200 retail outlets throughout the country, announced its trading update for the first 19 weeks to 14 May 2022. Highlights: 27.4 percent Like-for-like sales growth for first 19…
Surrey / UK. (cg) British Compass Group PLC released its half year results announcement for the six months ended 31 March 2022. Strong growth drives revenue above pre-Covid level, the company said in its statement. Half year performance summary Q2 underlying revenue at 99 percent…
Chicago / IL. (adm) Archer Daniels Midland Company (ADM), a global leader in nutrition and sustainable solutions, announced it will invest to significantly expand starch production at its Marshall, Minnesota, facility in order to meet fast-growing demand from the food and beverage…
Irving / TX. (di) Darling Ingredients Inc. reported net income of USD 188.1 million, or USD 1.14 per diluted share for first quarter 2022, compared to net income of USD 151.8 million, or USD 0.90 per diluted share, for first quarter 2021. The company also reported net sales of USD…
Chicago / IL. (mdc) After more than 30 years of operations in the country, McDonald’s Corporation announced it will exit the Russian market and has initiated a process to sell its Russian business. This follows McDonald’s announcement on March 08, 2022, that it had temporarily closed…
San Francisco / CA. (ddi) DoorDash Inc. (DDI) announced financial results for the quarter ended March 31, 2022. The Company grew Marketplace GOV by 25 percent Y/Y to USD 12.4 billion in Q1 2022, driven primarily by 23 percent Y/Y growth in Total Orders to 404 million. In Q1-2022, DDI…
Dublin / OH. (twc) The Wendy’s Company reported unaudited results for the first quarter ended April 03, 2022. «We continue to make meaningful progress against our three strategic growth pillars, reinforcing the strength and resiliency of the brand and driving robust AUV and sales increases…
Chicago / IL. (mdc) McDonald’s Corporation announced results for the first quarter ended March 31, 2022. «In a quarter that saw an increasingly complex and uncertain operating environment, I am proud to share that once again the Arches have shone brightly,» said…
Feltham / UK. (nom) Nomad Foods Limited (Goodfella’s Pizza, Iglo, Findus and other brands) reported financial results for the three month period ended March 31, 2022. Key operating highlights and financial performance for the first quarter 2022, when compared to the first…
El Segundo / CA. (bmi) Beyond Meat Inc., a leader in plant-based meat, reported financial results for its first quarter ended April 2, 2022. Financial highlights: Net revenues were USD 109.5 million, an increase of 1.2 percent year-over-year. Gross profit was USD 0.2 million, or gross margin…
