Food Biz
Pepsi Stock on The Rise While Sysco Foods is Suffering
Smithfield Foods Experiences Rapid Increase in Packaged Meats Sales
Smithfield, one of the leading producers in the nation of pork and poultry has experienced an increase in their sales due to packaged meats. The company experienced double digit growth on their bacon and sausage. They also are seeing an increase in revenue on their dinner sausage, deli meats and ham steaks. Their packaged meat profit increased by 7% along with their core brand volume which increased by 6%. Cracker Barrel Plans to Increase Revenue By Adding Low Calorie Menu
Cracker Barrel is following the footsteps of other popular food chains by adding low calorie entrees to their menu. Food chains like T.G.I. Fridays, Chili's and Applebees all offer low calorie meals. The company hopes that by adding healthier menu options they will experience a surplus in their sales. General Mills Is Helping To Stop World Hunger In Africa
The successful food company is trying to use their big name to help those suffering in Africa from hunger. General Mills employees have done things like volunteer their time packing meals for them. Recently, they decided to do other things in order to help the cause. Claim Jumper and Their Famous Motherlode Cake Good For Hearty Appetites and Wallets
Claim Jumper, a popular saloon offers customers large portions for a reasonable price. They are so large; most people end up taking a portion of their meal to go. Their menu includes personal sized pizzas, soups, huge burgers and seafood pastas. Whole Foods A Billion Dollar Business
Not everyone is jumping on the health bandwagon however there is enough that are choosing to shop at stores such as Whole Foods, even though their prices are higher than leading grocery store names. They believe in quality over quantity therefore they are willing to pay a couple of extra dollars for fresh peanut butter and fresh bakery items that were created using cage free eggs, natural butter and the best quality unbleached, unbromated flour available on the market. U.S. Pork Production Down From a Year Ago
Pork production is lower than was expected. Last year the drought negatively affected hog farmers because it significantly increased the price of feed costs. Some experts predicted this was just occurring for a short time and they believed the market would experience a comeback. Nestle, Coca Cola Trying to Decrease Obesity
There are a few major companies hoping to decrease the percentage of obesity; one of them being Nestle. Nestle is the nation's leading chocolate company that has dedicated a part of their website to helping people lose weight and make a lifestyle change. Flowers Foods Fighting to Obtain Hostess
Flowers Foods is headquartered in Thomasville, Ga; they are a leading producer and marketer of packaged bakery foods in the United States. The company operates 44 highly efficient bakeries that produce breads, buns, rolls, snack cakes, and pastries, which are distributed fresh to food service and retail customers in the Southeastern, Southwestern, and mid-Atlantic states and frozen to national food service and retail customers. Numerous Popular Restaurants See An Increase In Their Stocks
Today, many restaurant companies are experiencing an increase in their stock prices. According to the Associate Press, Chipotle Mexican Grill Inc. rose 2.7 percent to $330.41, Darden Restaurants Inc. rose .7 percent to $46.60, Dominos Pizza Inc. rose 1.7 percent to $9.95. McDonalds Corp rose .7 percent to $95.78, Panera rose 1.0 percent to $163.25, and Papa John's International Inc rose 2.8 percent to $57.06. Hershey Wants To Reach $10 Billion Mark By 2017
Michele Buck, SVP and Chief Growth Officer at The Hershey Co., is setting the chocolate companies goals extremely high. According to Forbes, she wants the company to reach the $10 billion mark by 2017, a 50% increase over the $6.6 billion in revenues it posted last year. Pillsbury Bake-Off Allows Aspiring Bakers to Win $1 Million
The Pillsbury Bake-Off allows aspiring bakers to compete for a grand prize of $1 million. This year the categories consist of Amazing Doable Dinners, Simple Sweets and Starters along with Quick Rise and Shine Breakfast. Yum! Brands Plans On Monitoring Their Poultry Farms Better In Hopes of Fixing Their Image
Yum! Brands is trying their best to fix their image after KFC's sales in China plummeted because people found out about the large amounts of antibiotics that were being injected into their chickens Tyson Foods Inc and Cargill Inc Are Not Worried About the USDA's Plan To Cut Food Inspectors
Tyson Foods and Cargill Inc are both top names in the meat processing industry. Both companies do not believe they will suffer any decrease in revenue until April due to the USDA's plan to cut budgets on inspectors. Einstein Noah Restaurant Group Plans To Increase Sales After Experiencing a 4% Decrease in Earnings
Einstein Noah Restaurant group plans to increase their sales in 2013. They will provide consumers with better lunch bargains and will use directional billboards to market their brand.
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