The Campbell’s Co. in Camden, NJ had a challenging year, with a difficult fourth quarter resulting in a 12% decline in sales in the Snacks unit. Net income for the fiscal year ended Aug. 2 was $403 million, down 33%…
Tag:
cost
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Dive Brief: Diageo, the owner of Guinness, has announced a $1 billion savings plan over the next three years to improve business performance. The plan includes job cuts and restructuring of Diageo’s operations, aiming to achieve $850 million in savings,…
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Activist Investor Starboard Value Pushes for Lamb Weston to Double Cost-Cutting Targets Activist investor Starboard Value is urging frozen french fry maker Lamb Weston to double its cost-cutting targets, citing high operating expenses compared to industry peers. In a letter…
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Key Points: According to a report from the National Association of Convenience Stores, National Grocers Association, and FMI – The Food Industry Association, retailers are facing upfront costs of around $1.6 billion to implement new SNAP purchasing restrictions. Convenience stores…
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Key Points: McCormick predicts potential annual losses of up to $90 million due to Trump administration tariffs on spices that cannot be grown commercially in the U.S. The company plans to increase prices selectively in response to higher commodity costs…
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When it comes to Halloween treats, brand loyalty remains the top indicator for consumers’ purchasing behaviors, regardless of consumer trends that point to clean, healthier ingredients. A new study from Trax surveyed 12,000 consumers about their candy habits, and it…