Restaurant chains that serve more lower-calorie foods and beverages have better business performance, according to a study released by Hudson Institute. Over five years, chains that increased the amount of lower-calorie options they served had better sales growth, larger increases in customer traffic, and stronger gains in total food and beverage servings than chains whose servings of lower-calorie options declined.
Kraft Foods is weighing whether to spend $40 million to expand a southwestern Illinois plant if the city and state provide about $400,000 to widen a road in front of the site. The Suburban Journals of Greater St. Louis reports that the move would add 30 jobs to the 660,000-square-foot plant and warehouse. The facilities now have more than 400 workers. The plant produces Capri Sun and Kool-Aid beverages.
Pretzel maker Snyder's-Lance Inc. said Tuesday that its fiscal fourth-quarter net income dropped 65 percent, hurt in part by increased impairment charges. Its adjusted results beat Wall Street's view. The company earned $7.8 million, or 11 cents per share, for the period ended Dec. 29. That's down from $22.4 million, or 33 cents per share, a year earlier.
British authorities on Tuesday raided a slaughterhouse and a meat processing company suspected of selling horsemeat labeled as beef for kebabs and burgers, shutting them down temporarily and seizing all the meat found. It was the first time since the growing scandal broke across Europe that horsemeat being marketed as beef has been traced to suppliers in Britain, officials said.
The producer of Maker's Mark bourbon is cutting — likely permanently — the amount of alcohol in each bottle to stretch every drop of the famous Kentucky whiskey. The alcohol volume is being lowered from its historic level of 45 percent to 42 percent — or 90 proof to 84 proof.
Frederick Scott Salyer has been described as one of the most influential men in California's agriculture industry, but on Tuesday he learned that he'll soon become just another inmate in the federal prison system. Salyer, who built a small canning company into one of the biggest tomato processors in California, was sentenced to six years in prison for engaging in a price-fixing scam.
A worker handles meat at the Doly-Com abattoir, one of the two units checked by Romanian authorities in the horse meat scandal, in the village of Roma, northern Romania, Tuesday, Feb. 12, 2013. On Monday, Romanian officials scrambled to defend two plants implicated in the scandal, saying the meat was properly declared and any fraud was committed elsewhere.
Annie's, which makes natural and organic packaged food, posted an adjusted profit in its most recent quarter that edged past Wall Street expectations despite costs and lost sales from a pizza recall. The company's fiscal third-quarter net income came to $1.4 million, or 8 cents per share.
The U.S. Department of Agriculture predicted strong growth in crop and livestock production in its 10-year forecast released Monday, but it cautioned that those projections were based on assumptions, such as a return to normal weather patterns, that some believe are unlikely.
Coca-Cola says its profit rose 13 percent in the fourth quarter as growth in emerging markets offset a decline in Europe and a modest performance in the U.S. The Atlanta-based company said global sales volume rose 3 percent, driven by gains in countries such as Russia and Turkey. Volume in Europe fell by 5 percent.
Romanian food safety officials say the country produced 6,300 tons of horse, mule and donkey meat last year, and that it was correctly labeled when it was exported to other European countries. The National Authority for Veterinary and Food Safety said Tuesday that some 97 percent of the meat slaughtered and processed was sold to Bulgaria, France, the Netherlands, Italy, Poland, Germany, Belgium and Greece.
Alaska environmental regulators say Nestle Prepared Foods Co. has issued a recall of Lean Cuisine mushroom ravioli after consumer reports that glass shards were found in the product. Officials say affected packages of Culinary Collection Mushroom Mezzaluna Ravioli have productions codes of 2311587812 and 2312587812. Both codes have a "best before" date of December 2013.
Federal budget cuts mean fewer dollars for food inspection programs, the White House said in a memo late last week. The Obama administration claimed in the memo that these cuts would be responsible for "putting families at risk and costing billions in lost food production."
Rabobank has published a new research report on the global wine industry, predicting that sparkling wine will continue to shift downmarket in economies that are struggling, and credits a weak Euro and emerging market growth for supporting suppliers in markets outside of Europe and the U.S.
Shares of Diamond Foods Inc. rose Monday after investment firm BlackRock disclosed that it purchased a stake in the maker of Emerald nuts, Pop Secret popcorn and Kettle chips. BlackRock said in a filing with the Securities and Exchange Commission on Friday that it purchased a 7.85 percent stake in Diamond Foods.
Salt has quietly been slipping out of dozens of the most familiar foods in brand-name America, from Butterball turkeys to Uncle Ben's flavored rice dishes to Goya canned beans. A Kraft American cheese single has 18 percent less salt than it did three years ago. The salt in a dollop of Ragu Old World Style pasta sauce is down by 20 percent. A handful of honey Teddy Grahams has 33 percent less salt.
Florists and chocolate-makers are working around the clock in the run-up to Valentine's Day. In Dallas, chocolatier Andrea Pedraza, who loves designer high heels, molded her pedestrian passion into chocolate form. Her most well-known creations are chocolate pumps done in the style of Christian Louboutin shoes.
Impending across-the-board budget cuts could mean fewer government food safety inspections and higher prices for meat at the grocery store. A White House memo released late last week said that one of the consequences of the federal budget cuts, known as sequestration, would be 2,100 fewer food facility inspections by the Food and Drug Administration, "putting families at risk and costing billions in lost food production."
On Tuesday, former SK Foods owner Frederick Scott Salyer, 57, will leave house arrest in Pebble Beach and be sentenced in U.S. District Court in Sacramento after pleading guilty last year to charges he bribed purchasing managers at food giants including Kraft Foods Inc. and Frito-Lay.
In this Feb. 7, 2013 photo, chocolate high heals made by master chocolatier Andrea Pedraza are lined up at her shop in the Oak Cliff section of Dallas. Florists and chocolate makers are working around the clock for the busy season - Valentine's Day. Pedraza's most well known creations are chocolate pumps done in the style of Christian Louboutin shoes.