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Today in Food Manufacturing

Daily news and top headlines for food manufacturing professionals

McDonald’s Pulls Angus Burgers from Menu

May 10, 2013 9:34 am | by CANDICE CHOI,AP Food Industry Writer

The changes come as McDonald's looks to keep up with shifting tastes, even as it underscores the affordability of its food. The website BurgerBusiness.com, which reported that the burgers were being dropped earlier Thursday, also said that it learned from McDonald's franchisees that the company intends to expand its line of lower-cost Quarter Pounders in coming months, including an option with bacon.

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Green Mountain 2Q Income Rises 42 Percent

May 10, 2013 9:33 am

Green Mountain Coffee Roasters Inc. shares soared in after-hours trading Wednesday after the company said net income rose 42 percent in its fiscal second quarter, and it raised its earnings forecast for the full year. Green Mountain said sales of single-serve coffee packs climbed 26 percent compared to a year ago. That balanced a decrease in sales of Keurig brewing systems.

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Post To Acquire Hearthside Food

May 10, 2013 9:31 am

Cereal maker Post Holdings Inc. is buying the branded and private label cereal, granola and snacks business of Hearthside Food Solutions for $158 million, partly as a way to broaden its presence in the cereals category. Post's existing cereal brands include Honey Bunches of Oats, Post Raisin Bran and Grape-Nuts.

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Photo of the Day: McDonald’s Cuts Angus Burgers

May 10, 2013 9:30 am

On Thursday, May 9, 2013, McDonald’s said it is cutting the Angus burger from its menu. McDonald's had said earlier this year that it was evaluating whether to continue selling the Angus Third Pounders, which were introduced in 2009 and among the chain’s priciest. The company also said at the time that it was it was cutting Chicken Selects and Fruit & Walnut Salad.

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Daily Sound Bite: Wrigley Removes Alert Gum from Shelves

May 9, 2013 12:58 pm

A Food and Drug Administration investigation into the safety of caffeine-added foods has prompted Wrigley to take its new caffeinated gum off the market for the time being. Wrigley said Wednesday that it will temporarily halt sales and marketing of Alert caffeinated gum after discussions with the FDA.

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Dole To Buy Back up to $200M in Shares

May 9, 2013 12:23 pm

Dole Food Company Inc. said Thursday that it will buy back up to $200 million of its shares. The food company said the move allows it to return cash to shareholders, while rebalancing its capital structuring by shrinking the number of outstanding shares. That helps increase earnings per share.

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Slow Energy Drink Sales Hurt Monster 1Q

May 9, 2013 12:21 pm

Shares of Monster Beverage fell Thursday after the energy drink maker reported disappointing first-quarter results and a slowdown in sales. The company, based in Corona, Calif., said after the market closed on Wednesday that its quarterly profit fell as it was hurt by distributor termination obligations, foreign currency exchange rates and legal costs tied to regulatory matters and litigation regarding its namesake drink.

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Ohio Egg Farmers Donate Nearly 767K Eggs

May 9, 2013 12:19 pm

Ohio egg farmers are donating close to 767,000 eggs to food banks and other hunger relief organizations throughout the state in celebration of National Egg Month. The Ohio Poultry Association said Wednesday that eight farmers will provide the 766,800 eggs, which will be delivered the over the next couple weeks.

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Pa. Attorney General Clears Hershey Trust

May 9, 2013 12:18 pm | by PETER JACKSON,Associated Press

A two-year investigation revealed no wrongdoing by the Hershey Trust Co.'s board, but it prompted changes in corporate rules, state Attorney General Kathleen Kane said Wednesday in concluding the probe. The attorney general's office examined allegations that Milton Hershey School assets were used to pay excessive compensation to trust board members and to make questionable land purchases.

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Starbucks, Green Mountain Extend Partnership

May 9, 2013 12:17 pm

Starbucks has signed a new five-year contract that triples the number of branded single-serve packs it makes for Green Mountain's Keurig brewing machines. The deal comes after Starbucks last year introduced its own single-serve brewing machine, which was seen by many as posing a threat to Green Mountain's popular machines.

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Consumer Trends: Moms Impact Shopping Behavior

May 9, 2013 12:00 pm

It's a common childhood experience, shuffling up and down grocery store aisles with Mom. Little do consumers know, though, that those moments mold their food perceptions into adulthood. A new white paper is designed to provide food marketers and producers a closer look at the impact moms have on consumers' purchase patterns and cooking habits.

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Sharpton: Meeting with PepsiCo ‘Positive’

May 9, 2013 9:37 am | by CHRIS TALBOTT,AP Music Writer

Officials with PepsiCo Inc. apologized during a meeting Wednesday with relatives of civil rights icon Emmett Till who were offended by a rapper who had a promotional deal with the company, the Rev. Al Sharpton said. Sharpton said a statement that the morning meeting he brokered at company headquarters in Purchase, N.Y., was "positive."

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Snyder’s-Lance Reports 1Q Results

May 9, 2013 9:35 am

Snyder's-Lance, Inc. reported results for its first quarter of 2013.  Net revenue for the first quarter ended March 30, 2013 was $419 million, an increase of 6.5% compared to prior year net revenue of $393 million.  Net income was $19.8 million for the first quarter of 2013, or $0.28 per diluted share, compared to net income of $14.2 million for the first quarter of 2012 or $0.21 per diluted share.

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Bolivia Tries To Make Coca Palatable

May 9, 2013 9:32 am | by PAOLA FLORES,Associated Press

President Evo Morales has a personal stake in seeing the destigmatization of the crop. He and his fellow growers say they want to build a healthy market for coca-based products, despite the belief of U.S. officials that most of Bolivia's crop ends up as narcotics. Yet a stubborn problem keeps getting in the way of the president's grand plan: While coca tea is popular, most people seem to find other coca-based food unappetizing.

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McDonald’s Sales Hit by Weakness Overseas

May 9, 2013 9:30 am | by CANDICE CHOI,AP Food Industry Writer

McDonald's says a key sales figure slipped again in April, with the world's biggest hamburger chain citing fears over a new strain of avian flu for weakness in China. The Oak Brook, Ill.-based chain, which had warned of a decline last month, says the figure fell 0.6 percent globally. That reflected an increase of 0.7 percent in the U.S., where it recently introduced its chicken McWraps to attract more customers in their 20s and 30s.

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Wrigley Pulls Caffeinated Gum

May 9, 2013 9:28 am | by MARY CLARE JALONICK,Associated Press

A Food and Drug Administration investigation into the safety of caffeine-added foods has prompted Wrigley to take its new caffeinated gum off the market for the time being. Wrigley said Wednesday that it will temporarily halt sales and marketing of Alert caffeinated gum after discussions with the FDA.

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Photo of the Day: Coca Treats Fall Flat

May 9, 2013 9:26 am

Urged on by President Evo Morales, Bolivians had been trying to turn coca leaf, the base ingredient of cocaine, into popular treats ranging from candies to pastries. Yet as coca processing factories were built and products were marketed, a stubborn problem kept getting in the way of Morales' grand plan: Most people, including many Bolivians, just don't like eating coca food.

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National Chocolate & Dessert Show Returns to Chicago

May 8, 2013 12:42 pm

The National Chocolate & Dessert Show (NCDS) returns to Chicago’s Navy Pier on Sunday, October 20 to Tuesday, October, 22 as the nation’s only trade show dedicated to the chocolate and dessert industry. Foodservice operators, retail buyers, chefs, and chocolatiers attendees will leave with the key learnings and solutions to run a successful chocolate or dessert operation or retail program.

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Wis. Assembly Approves Junk Food Stamp Bill

May 8, 2013 12:38 pm | by KEVIN WANG,Associated Press

A bill aimed at encouraging food stamp recipients in Wisconsin to eat healthier by limiting the amount of benefits that could be spent on junk food won approval from the state Assembly on Tuesday. The bill  would require people enrolled in Wisconsin's food stamps program, or FoodShare, to spend at least two-thirds of their monthly benefits on designated items such as milk, bread and vegetables.

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U.S. Job Postings Fell in March

May 8, 2013 12:37 pm | by CHRISTOPHER S. RUGABER,AP Economics Writer

U.S. employers posted fewer job openings in March compared with February and slowed overall hiring, underscoring a weak month of job growth. The Labor Department said Tuesday that job openings fell 1.4 percent to a seasonally adjusted 3.8 million jobs. Total hiring declined 4.3 percent to 4.3 million.

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