Hershey Q3 profit falls 10%
The Hershey Company has reported a profit drop in its third quarter (Q3) results after tax rate rises, commodity costs and charges related to supply chain efficiencies hit the company’s results.
Archives for October 24, 2012
SDA omega-3: The future of trans-fat-free margarine?
Stearidonic acid (SDA) soybean oil may offer a trans-fat-free base for margarine, while simultaneously boosting omega-3 intakes, suggests new data.
Walmart to expand use of sustainability index to 100 more product categories
Walmart will expand the use of an index enabling buyers to evaluate the sustainability of products to cover 200 product categories by the end of this year, bosses have revealed.
Hostess: Our chances of exiting Chapter 11 will ‘evaporate’ if union members strike
Twinkies-maker Hostess Brands says it hopes it will be able to exit Chapter 11 in a few months, but has warned employees in the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) that strike action will force it to...
Unilever: Commodity costs are so unpredictable, but over the longer term, we just assume they will continue to rise
Underlying sales growth in North America dipped 3.5% at Unilever in the third quarter of 2012, although emerging markets continue to “offer outstanding growth opportunities”, said the firm.
Experts reiterate call for calorie count reform
Caloric values – particularly for nuts and legumes – should be re-evaluated in light of recent studies suggesting commonly used calorie estimates may be flawed, according to a panel of experts at SIAL in Paris.
‘How much wood would a Woodchuck chuck?’ C&C hopes cider buy will tear-up trees Stateside
After buying Vermont Hard Cider Company for $305m, C&C Group said the firm offered it strong growth prospects due to low US cider penetration, while the deal also snagged it 20% of a Chinese start-up brand.
‘Neurocognitivism’: Switching on creativity and marketing to values
A better understanding of personality types could help food marketers and R&D professionals in the innovation and marketing process, according to French researchers, who are the latest to offer a new slant on personalised marketing.
Special edition: Natural sweeteners
Novel oat-based sweetener rides crest of non-GMO wave
The first wave of products containing a new natural sweetener from oats called OatSweet have hit shelves in the US, and the firm behind it is now in talks with leading food and beverage manufacturers about incorporating it into everything from ice cream...
‘We live and die’ in CSDs: Dr Pepper Snapple CEO nails colors to TEN mast
Dr Pepper Snapple CEO Larry Young has urged patience on the firm’s new mid-calorie TEN portfolio, as analysts quizzed him on whether the brand was cannibalizing regular Dr Pepper sales, down 2% in Q3 2012.
CFBAI kids’ cereals: Out with the bad, in with the good
Cereal firms with products targeted at children have invested in sodium and sugar reductions and nutrient fortification in balance, according to the vice president of the Children’s Food and Beverage Advertising Initiative (CFBAI).