News & Analysis on the Bakery and Snacks Industries
Pinnacle Foods’ has posted a steep drop in Q2 earnings after recalling Aunt Jemima pancakes, frozen waffles and frozen French toast from US and Mexico shelves in May following potential monocytogenes contamination.
Quarterly Earnings
Dirk Van de Put will succeed Irene Rosenfeld as Mondelēz’s new CEO in November.
UK convenience retailers capitalizing on meal deals have given the category a £36m ($47.6m) boost in the 52 weeks ended March 25, but those reliant on just snacks and sandwiches are missing out, says IRI.
The first enzyme aimed at the relief of symptoms of gluten intolerance has been granted novel food approval by EFSA and can now be used in the European Union, says DSM.
Snyder’s-Lance has announced a restructuring plan to drive down costs and complexities, which includes closing its Florida chips plant and retrenching 250 employees.