PepsiCo says it plans to start testing a new fountain machine at restaurants that lets people create a variety of flavor combinations, such as strawberry Mountain Dew. The test follows Coca-Cola's introduction in 2009 of its Freestyle machine, which also lets customers touch a screen to pick from a wide array of flavor combinations. PepsiCo's test is set to begin at five restaurants in Denver next week.
New research from the National Restaurant Association (NRA) shows that more than one-quarter of American adults will celebrate Mother's Day by dining out, and nearly one in 10 will rely on restaurant takeout or delivery for their special Mother's Day meal. Overall, the NRA projects that 80 million American adults will enjoy restaurant meals on May 12, 2013.
Kraft spinoff Mondelez, which owns Trident, Chiclets and other gum brands, has seen a dip in gum sales as gum chewing has dropped among U.S. consumers. Despite the dip in gum sales, the company saw increases in sales among other brands such as Oreos.
A dairy company is voluntarily recalling ice cream produced in Winston-Salem and distributed to 10 states that don't identify possible allergens because the product is packed in the wrong containers. Dairy Fresh said Thursday it's recalling some IGA Brand Vanilla and Chocolate in a 1.75 quart package because it's really Heavenly Hash ice cream that may contain almonds, coconut and soy.
Dean Foods' net income skyrocketed in the first quarter on the sale of its massive Morningstar division. The Dallas food and beverage company surprised Wall Street even when the sale of Morningstar is excluded and shares rose in early trading.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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."
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.
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.
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.