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Nestlé To Implement Nutri-Score Labeling In Five European Countries

Nestlé announced that it will use the voluntary front-of-pack scheme that classifies foods and beverages according to their nutritional profile in five European countries beginning next year. The color-coded Nutri-Score nutrition labeling system – the scale ranges from A (healthier choices) to E (less healthy choices) – will be implemented across brands of its wholly-owned businesses over two years. More than 5,000 products in Austria, Belgium, France, Germany, and Switzerland will be relabeled. Cereal Partners Worldwide, the international breakfast venture between Nestlé and General Mills, will also implement Nutri-Score on its product packaging in the same countries.

"Nestlé announces industry-leading push to use Nutri-Score in Europe", Nestlé, November 26, 2019

Reporting Strong FY 2019 Revenue Growth, Coke CEO Says “The Right Strategies” Are In Place

Coca-Cola’s organic revenue in fiscal 2019 grew six percent – two points ahead of the initial forecast and at the top end of the company’s long-term growth model. Revenue growth was three percent in North America, 13 percent in Latin America, and five percent in both Europe, Middle East and Africa (EMEA) and Asia. Net income attributable to shareowners of Coca-Cola was $8,920 million, or $2.09 a share, a 39 percent increase from $6,434 million, or $1.51 per share, in the previous year. “We see the right strategies taking hold,” CEO James Quincey said, “supported by the right partners, underpinned by a growing and vibrant industry, but we’re just getting started.” CFO John Murphy said the company expects to achieve results well within its long-term growth targets for revenue, profit, and earnings per share for 2020, despite a projected “mild currency headwind.” Investment bank Morgan Stanley said the company offers a “clearly superior” long-term growth outlook versus its consumer ...  More

"Coca-Cola’s organic revenue growth exceeds expectations", Food Business News, January 31, 2020

Sale Of Keebler Snack Business Puts A Dent In Kellogg’s 4th Quarter And 2020 Outlook

Shares of packaged-food company Kellogg have rebounded from a pummelling earlier this month when investors expressed disappointment with the company’s latest financial results and the 2020 outlook. Fourth-quarter earnings were $0.42 a share, compared with a loss of $0.24 a year earlier. But for the full year, Kellogg earned $2.80 a share, down from $3.83 a share, blaiming it on one-time charges and the impact of the 2019 $1.3 billion sale of its Keebler snack business. In addition, the company’s 2020 outlook failed to live up to analysts' expectations, sending shares lower. As the company pivots away from its iconic cereal business, whose sales have been soft especially in developed markets such as the U.S., it has been putting more emphasis on snacks and emerging markets. The company’s guidance for the current fiscal year includes an organic net sales increase of 1-2 percent versus last year, below the 2.1 percent Wells Fargo Securities had expected. Many were expecting more than two ...  More

"Kellogg Is Tumbling Because Its 2020 Outlook Is Soft", Barron’s, February 06, 2020

Barilla’s Protein+ Pastas Are Now Made 100 Percent From Plant-Based Ingredients

Pasta company Barilla Group announced its Protein+ line is now made entirely with plant-based ingredients, specifically semolina durum wheat mixed with protein from lentils, chickpeas, and peas.  new recipe removes the egg whites from the formula, while maintaining the same great taste and "al dente" texture of traditional semolina pasta, the company says. The new formula includes shorter cook times to achieve al dente texture for all seven varieties: spaghetti, angel hair, thin spaghetti, farfalle, penne, elbows, and rotini. Protein+ pastas have the same amount of protein per serving (10g/2oz serving) as before, but now derived from plant-based sources. The pastas, a good source of iron, thiamin, folic acid, riboflavin, and niacin, are non-GMO project certified, vegan-certified, and kosher.

"Barilla Reformulates Protein+ Line", PR Newswire, February 20, 2020

Sara Lee Frozen To Acquire Cyrus O’Leary’s Pies

Sara Lee Frozen Bakery announced a definitive agreement to acquire Spokane, Wash.-based Cyrus O'Leary's Pies, known for its signature line of premium quality pies, The company started as a restaurant in 1981 and grew to a nationally distributed gourmet pie brand. Baked with made-from-scratch ingredients, Cyrus O'Leary's fruit and cream pies have earned a national reputation, winning 168 first place awards at the National Pie Championships over the past 20 years. Acquisition of the pie company is the most recent step in Sara Lee Frozen Bakery's plan to expand their presence in the in-store bakery (ISB) category that began with the acquisition of Superior Cake Products, Inc., in August 2019.

"Sara Lee Frozen Bakery Enters Into Agreement to Acquire Cyrus O'Leary's Pies", Business Wire, February 24, 2020

Einstein Bros.’s New Bagel-Burrito Mash-Up Launches Nationwide



Colorado-based Einstein Bros. Bagels has launched nationwide a bagel and burrito mash-up dubbed the Bagelrito after testing it successfully at five locations in the Denver area last October. The "big, bold and easy to hold" Bagelrito is made with two cage-free eggs, thick-cut bacon, turkey sausage, three cheeses, hash browns, salsa, and green chilies in a flour tortilla hand-wrapped in Asiago bagel dough and baked fresh. Einstein Bros. Bagels has more than 700 locations in 40 states and the District of Columbia. 

"After Bagelrito Test Market Frenzy, Einstein Bros. Bagels Launches Ultimate Breakfast Mash-Up Nationwide", PR Newswire, February 25, 2020

 
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