Shares of Boston Beer Co. Inc. jumped Friday after the brewer released third-quarter results that beat Wall Street expectations. The maker of Samuel Adams beer said late Thursday that it earned $20.8 million, or $1.53 per share, in the quarter ending Sept. 29, from $16.3 million, or $1.19 per share, in the same quarter a year ago. Revenue less excise taxes grew 23 percent to $166.4 million.
Instead of an early snowfall this time of year, farmers along the eastern seaboard are dealing with flood waters and wind damage from Hurricane Sandy, which is expected to affect everything from poultry production to grocery prices. In Maryland and Delaware, the storm’s aftermath could cause a domino effect that could have a life-threatening result on poultry flocks.
Wayne Farms Inc., a Decatur, Ala. establishment, is recalling approximately 28,528 pounds of frozen, fully cooked, chicken products because they may contain foreign materials—pieces of a plastic pen, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
Large swaths of New York City's normally robust, trend-setting restaurant scene were hobbled this week by the storm, some by flooding, others by days without power — and thus refrigeration. Daniel Boulud's DBGB Kitchen & Bar, Tom Colicchio's Craft and Colicchio & Sons, Mario Batali's massive culinary landmark Eataly — all struggled to reopen days after the onset of the storm.
Commonwealth Dairy, which makes Green Mountain Creamery brand Greek yogurt, says it plans to invest $12 million in expanding its plant and will add 34 jobs to the more than 100 people it already employs. Vermont Governor Peter Shumlin is hailing Thursday's announcement, saying the dairy also provides a boon to Vermont farmers by buying milk from the state.
Wegmans is recalling its Organic Spinach and Spring Mix salads because it may be contaminated with E. coli bacteria. The Rochester-based grocery chain says the recall covers 5 ounce and 11 ounce packages sold between Oct. 14 and Thursday.
The Delaware Department of Agriculture said Thursday that there was no significant flooding or poultry house damage, and that chicken farmers are generally in good shape. Feed trucks are back on the road, and poultry processing plants resumed operations Wednesday.
The Institute for Supply Management said Thursday that its index of factory activity rose last month to 51.7, up from September's reading of 51.5. A reading above 50 indicates expansion. The industries that reported rising new orders are oriented to consumers. Those industries include furniture, food and beverages, paper products and computer and electronics.
Starbucks Corp. plans to accelerate growth and brew up a stronger profit in the year ahead, with CEO Howard Schultz noting that customers of all walks of life consider its drinks an "affordable luxury" even in challenging economic times.
While Americans enjoy many festive dishes during the holidays, trend data shows that just seven flavors provide the true taste for the most sought-after recipes. McCormick, a global leader in flavor, is calling them the "Seasonal Seven" — cinnamon, nutmeg, poultry seasoning, ginger, sage, vanilla and peppermint.
PMMI awarded the top prize in the fourth annual Student Packaging Solutions Contest to the team from the University of Florida. Students Gaby Cruz, Colleen Delaney, Michael Grandinetti and Alex Tipton, with their advisor, Dr. Bruce Welt, accepted the accolade during a special segment of the Packaging Hall of Fame Reception and Induction Ceremony.
Green Mountain Coffee Roasters has struck a deal with Costco to manufacture store-brand packs of coffee for the retailer. Green Mountain developed two blends for Costco's Kirkland Signature lines, a lighter breakfast blend and a darker roast.
Facebook and Twitter were full of similar mini-confessions of calories consumed while people were either left in the dark and trying to eat up what was deep in their freezer before it thawed, or making due with the shelf-stable, packaged foods that were in the grocery store after the meat and produce were gone.
Shares of Hillshire Brands Co. advanced Thursday, after the maker of Jimmy Dean sausages and Ball Park hot dogs reported net income that came in above Wall Street expectations. The company, based in Downers Grove, Ill., is the former North American business of Sara Lee Corp., which split into two separate companies in June.
Tyson Foods Inc. would pay $950,000 under the proposed settlement of a class-action lawsuit covering 1,200 workers at a Council Bluffs meat processing plant who claimed wage violations, but most of the money would go to lawyers. Court documents filed Wednesday show Tyson Foods reached the tentative agreement with workers' attorneys, and both sides are seeking a judge's approval.
Facebook and Twitter were full of mini-confessions of calories consumed while people were either left in the dark and trying to eat up what was deep in their freezer before it thawed, or making due with the shelf-stable, packaged foods that were in the grocery store after the meat and produce were gone.
Wegmans is recalling a batch of pumpkin rolls because the baked goods may contain pieces of clear plastic from the packaging. The western New York grocery chain says Wednesday it's undertaking the voluntary recall following complaints by customers.
A Syracuse-based dairy company has announced plans to build a yogurt plant in central New York, joining the growing number of yogurt producers in the upstate region. Byrne Dairy announced Wednesday that it will build its plant and a visitor center in at the Finger Lakes East Business Park in Cortlandville, 30 miles south of Syracuse.
Transplanted North Dakota cattle are thriving in Kazakhstan's cold climate, but many of the former Soviet republic's cowboys are still greenhorns, so it has hired Great Plains ranch hands to help out and is sending some of its own to the U.S. for training, a state trade official said.
Kellogg's appetite for salty snacks is helping fatten its profits. The world's biggest cereal maker — best known for its Frosted Flakes, Pop-Tarts and Eggo waffles — says its recent acquisition of Pringles chips boosted its net income in the third quarter.