Bimbo Profits Hit all-Time High

Having hit new highs in financial results during the company’s second-quarter, Grupo Bimbo SAB de CV is determined to protect profit margin improvements, said Daniel Servitje, chairman and chief executive officer. Toward that end, the company is taking a number of steps, including raising prices in North America during the current quarter, he said. Overall,…

Read More

Carl’s Jr. Adds Another Beyond Burger Option

Inspired by the flavors of Carl’s Jr.’s Western Bacon Cheeseburger, the Beyond BBQ was “developed to complement the Beyond Burger patty” and is an “indulgent flexitarian option that turns barbecue on its head with a plant-based spin,” Carl’s Jr. said. The burger features a Beyond Burger patty topped with Carl’s Jr. original barbecue sauce, American…

Read More

Yum! Brands Gets a Boost from New Menu Additions

KFC saw strength in its new chicken sandwich, while Pizza Hut benefited from its Detroit-style pizza, Edge Pizza, and two new offerings featuring plant – base sausage from Beyond Meat, said David Gibbs, chief executive officer, during a July 29 conference call with analysts. Taco Bell kicked off the quarter with the return of the…

Read More

For a Second Time, Krispy Kreme could go Public

Krispy Kreme Doughnuts, Inc., a privately held company since 2016, has proposed an initial public offering of its common stock. The company on May 4 reported it confidentially had submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission. An IPO should take place after the SEC completes its review process,…

Read More

Welbilt agrees to be acquired by Ali Group, after cash bid was deemed ‘superior’ to Middleby’s all-stock bid

Welbilt Inc. WBT, 0.13% announced Wednesday an agreement to be acquired by Ali Group S.r.l. in a cash deal that values the foodservice equipment company at about $3.40 billion. Under the terms of the agreement, Italy-based Ali Group will pay $24 for each Welbilt share outstanding. Welbilt had about 141.92 million shares outstanding as of…

Read More

Subway Unveils ‘Monumental Updates’ to Entire Core Menu

Subway restaurants announced historical changes and improvements to almost every core item on their menu, as well as digital upgrades to elevate guests’ experiences. The “Eat Fresh Refresh” menu makeover will begin July 13, after participating restaurants close for one day to prepare for the changes. The 20-plus menu updates include 11 new and improved…

Read More

Lawmakers Ask USDA, DOJ to re-Examine Pork Line Speed Ruling

A group of 70 congressional lawmakers, led by Senator Chuck Grassley (R-Iowa) and Representatives Jim Hagedorn (R-Minn.) and Dusty Johnson (R-SD), penned a letter recently that urged the US Department of Agriculture and the Department of Justice to pursue legal action and push back on a recent federal court ruling regarding US pork processing plants’…

Read More