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Russia Seizes Assets of Two Western Conglomerates
Russia’s seizure of the local operations of Carlsberg and Danone, two of the world’s largest consumer-goods companies, escalates economic hostilities with the West. Source link
Conagra Sales Rise, Profit Falls as Inflation Eases
The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. Source link
Frito-Lay's Flaming Hot Sales
As consumers pull back, snack sales remain a source of strength for Pepsi and others. Source link
PepsiCo Sales, Earnings Rise on Snacks Spending
PepsiCo reported strong growth in sales and profit as consumers continued to shrug off price increases and spend on Doritos, Cheetos and other snacks. Source
Brazilian Meatpacker JBS to Pursue U.S. Listing
The company intends to list its shares on the NYSE and the São Paulo Stock Exchange using Brazilian Depository Receipts by the end of 2023.
Bud Light Faces Boycott Calls, but Punishing Brands Is Harder Than It Looks
CMO Today Research shows recent social-media calls to boycott brands such as Goya and Spotify haven’t meaningfully hurt sales and at times briefly had the
Tyson Foods Heir Looks to Help Right the Family Business After His Arrest
Business CFO John R. Tyson is moving past his legal issues and now aims to reverse the meat giant’s falling profit Source link
Private Equity’s Food Binge Goes Sour
Private-equity funds went on a buying binge for food companies before markets crashed in 2022. Now they have indigestion that is contributing to rising prices
Campbell’s Enticing Future in Snacks
Markets Heard on the Street Snacks from Goldish to Cape Cod chips could soon be Campbell’s biggest business Source link
Orville Redenbacher Maker's Margins Pop in Good Sign for Food Companies
Conagra Brands posted lukewarm results on Wednesday that should nonetheless be reassuring to investors in it and other packaged food companies. Source link