News for the baking industry
Bentonville / AR. (wama) Walmart Inc. announces third-quarter results with strong growth in revenue and operating income. Globally, E-Commerce grew 27 percent with penetration up across all segments. Walmart U.S. comp sales up 5.3 percent with positive growth in general merchandise.
Chicago / IL. (adm) ADM Group, former Archer Daniels Midland Company, reported financial results for the quarter ended September 30, 2024 that are consistent with its previously announced preliminary results, and also filed its third quarter form 10-Q. The Company also filed its restated…
Vevey / CH. (nsa) Swiss Nestle S.A. held a Capital Markets Day for investors and analysts focused on «Accelerating Nestle». The presentations outlined a clear action plan to drive the performance and transformation and to shape its long-term future. CEO Laurent Freixe: «Nestle is a strong company…
Dublin / OH. (twc) Wendy’s Company announced the appointment of Ken Cook as Chief Financial Officer. He will report to President and Chief Executive Officer Kirk Tanner and serve on the Wendy’s Senior Leadership Team. Cook will succeed Gunther Plosch who has served as…
Holon / IL. (tin) Turpaz, a global leading company in the field of development, manufacturing and marketing of flavor and fragrance extracts, functional ingredients and so on, publishes its results for Q3 and 9M-2024. Turpaz Industries reports a 50.1 percent increase in its revenues…
Miami / FL. (ssc) Subway IP LLC, one of the world’s largest restaurant brands, is introducing «Fresh Forward 2.0.» Rolling out globally in 2025, the next iteration of its global restaurant image is designed to further enhance the guest experience, improve convenience and help drive franchisee profitability.
London / UK. (tl) Further to the announcements in June and October, Tate + Lyle PLC announces that on 15 November 2024 it completed the acquisition of the entire issued share capital of CP Kelco U.S.; CP Kelco China; and CP Kelco ApS together with each of their respective subsidiaries (CP Kelco).
Staten Island / NY. (chc) Coffee Holding Company Inc., a publicly traded integrated wholesale coffee roaster and dealer located in the United States announced that it purchased all of the assets of Empire Coffee Company based in Port Chester, New York. The purchase was made under…
Hershey / PA. (thc) The Hershey Company announced it has acquired «Sour Strips», a fast-growing sour candy brand with a powerful social media presence. Sour Strips’ «sour candy that doesn’t suck» enhances Hershey’s presence in the category and expands its reach to new…
London / UK. (tl) Tate + Lyle PLC, a leading global provider of speciality food ingredients and solutions, announced the results for its H1-2025. Chief Executive Nick Hampton: «It has been a momentous six months for Tate + Lyle. The combination with CP Kelco, preceded by the…
