food

Pollo Loco

El Pollo Loco Sets IPO Terms, Remains Above Original Estimates

El Pollo Loco Holdings has set its formal terms for an initial public offering (IPO). Be advised that these terms can change before the formal IPO, literally up until the ...
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McDonald's

McDonald’s Stock Hit by Soft Earnings, Tainted Meat in Japan Stores

Update: The problems that hit McDonald’s and KFC in China yesterday have reached Starbucks Corp. (NYSE: SBUX) and Burger King Worldwide Inc. (NYSE: BKW) stores in Japan on Tuesday according to ...
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Chinese Meat Scandal at McDonald’s Pushes DJIA Lower

The Dow Jones Industrial Average has traded lower all day since tumbling about 0.7% in mid-morning. The index got a downward push thanks to McDonald’s Corp. (NYSE: MCD) which has ...
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Yum China

McDonald’s and Yum! Halt Purchases From Meat Supplier

Update: The Illinois-based firm, privately held OSI Group Inc., that supplied the questionable meat products to McDonald's Corp. (NYSE: MCD) and KFC restaurants owned by Yum! Brands Inc. (NYSE: YUM) has ...
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Red Bull May Be Hurt by Alcohol Consumption Study

The journal Alcoholism: Clinical & Experimental Research has just published a study that concludes that combining energy drinks with alcohol tends to increase overall desire to drink more, compared to ...
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Stock Split Image

Goldman Sachs Hits the Panic Sell Button on Kellogg and Campbell Soup

Historically, food and the prepared food markets were supposed to be recession proof. Now it turns out that consumer shifts are changing this longstanding rule. Consumers remain value conscious, and ...
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Why Beef Prices Will Rise Again, Despite Recent Slide

The U.S. Department of Agriculture (USDA) released its monthly World Agricultural Supply and Demand Estimates (WASDE) at noon Friday offering the agency’s latest estimates for U.S. and global crop supply ...
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cannabis

The Next 9 States to Legalize Marijuana

The United States is slowly reversing course on banning marijuana. Colorado led the way in passing laws that allow recreational use of marijuana and cannabis products, and now the opening ...
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Cows

Are Lower Food Prices Coming?

Commodity prices for corn, wheat and soybeans have tumbled in the past three months and could fall even further as plenty of rain and warm -- but not too warm ...
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Corn Field

Does ADM Acquisition Precede a Move Offshore?

Agricultural products giant Archer Daniels Midland Co. (NYSE: ADM) announced Monday morning that it will acquire Switzerland-based WILD Flavors for about $3 billion in cash and about $136 million in ...
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States That Drink the Most Beer

In recent years, Americans have increasingly moved away from beer consumption in favor of wines and spirits. U.S. beer consumption fell slightly from 28.3 gallons per drinking-aged adult in 2012 ...
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Cows

Milk and Beef Price Hikes Gradually Slowing

The U.S. Department of Agriculture (USDA) released its preliminary report on June farm prices Friday afternoon. The all-products price index fell by 3 points month-over-month (2.6%) to 111, with the ...
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Corn Field

Who Wins or Loses From DuPont’s Warning?

E.I. du Pont de Nemours and Co. (NYSE: DD), or simply DuPont, issued a warning on quarterly and full-year earnings after markets closed Thursday. The company said operating profits in ...
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ConAgra

ConAgra Posts Huge Loss on Impairment Charge

ConAgra Foods Inc. (NYSE: CAG) reported fourth-quarter fiscal 2014 results before markets opened Thursday. The food processor and packager reported quarterly adjusted diluted earnings per share (EPS) of $0.55 on ...
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General Mills

Cost-Cutting Is How Food Processors Aim to Grow

When General Mills Inc. (NYSE: GIS) reported fourth-quarter and full-year results Wednesday morning, the company said it has begun a formal review of its North American manufacturing and distribution network ...
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