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Planet Based Foods Unveils New Plant-Based Comfort Foods at Natural Products Expo West
Planet Based Foods, the first and only company to produce nutritious plant-based meat with sustainable hemp as its number-one ingredient, will debut its first comfort food products — original and southwest taquitos — at Natural Products EXPO West, March 9 - 11, 2022. Planet Based Foods' taquitos are now available to foodservice and retail buyers looking to add delicious, soy-free and GMO-free plant-based options to their lineups, with direct-to-consumer distribution slated for May 2022.
Planet Based Foods' newest products represent an expansion...
Sysco Completes Acquisition of the Coastal Companies
Sysco Corporation, the leading global foodservice distribution company, announced today it has completed the acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer. The acquisition will operate as part of FreshPoint, Sysco’s specialty produce business, and enables FreshPoint to enhance its service to the important Mid-Atlantic region, strategically diversify its portfolio by adding retail and ready-to-eat capabilities and adds state-of-the-art facilities with capacity for growth.
Founded in 1992 and based in Laurel, MD, The Coastal Companies generates annual revenue of approximately...
Sysco Ranked #1 Food and Drug Retailer in the JUST 100 Rankings for 2022
Sysco Corporation, the leading global foodservice distribution company, was named one of America’s Most JUST Companies for its commitment to serving its workers, customers, communities, the environment, and shareholders. This year, Sysco ranked number one in the food and drug retailer industry for the first time in its history.
Through vigorous, objective analysis, JUST Capital, in partnership with CNBC, evaluates and celebrates U.S. corporations that outperform on the issues that matter most to the American public – such as creating jobs in the U.S., paying a fair...
Sysco Announces Partnerships to Enhance Supplier Diversity
Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, today announced five new partnerships that will enhance Sysco’s supplier diversity initiatives.
Sysco will partner with Disability:IN, National LGBT Chamber of Commerce (NGLCC), National Veteran-Owned Business Association (NaVOBA), The National Minority Supplier Development Council (NMSDC) and Women’s Business Enterprise National Council (WBENC). These partnerships will facilitate relationships with qualified diverse suppliers.
“As a leader in the foodservice industry, these new partnerships will help Sysco develop future diverse suppliers critical to meeting the evolving needs of our customers,” said Judy Sansone, executive vice president...
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: CHKN Not Chicken
Portland, Oregon-based startup CHKN Not Chicken vows that its blend of plant-based proteins and spices is real food, not a science experiment.
“We’ve been working on the recipe for CHKN Not Chicken for more than two years now. It took a lot of work to develop a product that we were all proud of and that we knew delivered on the taste and texture of chicken,” says co-founder & CEO Brian Pope. “We also wanted to ensure that the product was...
MamaMancini’s Announces Acquisition of Two Premier Gourmet Food Manufacturers
MamaMancini's Holdings, Inc., a marketer of specialty pre-prepared, frozen and refrigerated food products, today announced the signing of definitive agreements for two acquisitions – T&L Creative Salads, Inc. (“T&L”) and Olive Branch, LLC, which are related premier gourmet food manufacturers based in New York. Closing is expected to occur on or about December 29, 2021, subject to closing conditions.
Over several decades, brothers Anthony, Michael, and Joseph Morello have owned and operated T&L Creative Salads, offering a full line of foods for retail food chains and club stores...
Pure Prairie Farms Breathes New Life Into Midwestern Chicken Plant
New premium chicken integrator, Pure Prairie Farms Inc., completed its long-anticipated purchase of a former Simply Essentials chicken processing plant last week. The former plant, which previously closed in August of 2019, is a state-of-the-art retail tray-packaging facility and features air-chill technology, an under-represented and underserved attribute in the market. In addition to organic offerings, additional product features include all natural, highly trimmed products, made from chicken flocks in which antibiotics have never, ever been used, and that have been fed a...
Sysco Announces Election of Three New Directors
Sysco Corporation, the leading global foodservice distribution company, announced today that three new directors, Ali Dibadj, Jill M. Golder and Alison Kenney Paul, will join the company’s board of directors effective Jan. 1, 2022, expanding the size of the board to 13 members. These new directors were appointed in connection with the board’s ongoing refreshment efforts, and will stand for reelection at Sysco’s next Annual Meeting of Stockholders on Nov. 18, 2022.
Edward D. Shirley, Sysco's chairman of the board, said, "We are very pleased to welcome Ali, Jill and Alison to..."
Green Circle Foodtech Ventures Announces the Launch of Fund I with Participation from Hormel Foods
Green Circle Capital Partners is pleased to announce the launch of their venture capital division, having conducted a first closing for Green Circle Foodtech Ventures I (GCFV) with the anchor investment coming from 199 Ventures, the venturing company of Hormel Foods.
“Having a leading global branded food company in our corner, providing support and resources for portfolio companies, is incredibly exciting and opportune for us and for the companies in which we will invest,” said Stu Strumwasser, founder of Green Circle and Co-Managing...
Real Good Foods Highlights Sales Growth and Velocity Acceleration in Retail Channel
The Real Good Food Company, Inc., an innovative, high-growth, branded, health- and wellness-focused frozen food company, today released U.S. SPINS retail scanner data for the most recent four week period ending November 28, 2021.(1) For perspective, SPINS data captures consumption data in the Food, Drug and Mass retail channel, which has historically represented approximately 50% of the Company's net sales.
- The overall Frozen Food category grew 7.1% over the period.- The Health & Wellness Frozen Food subcategory grew 12.6% over the period...
UNFI Appoints Mark Bushway as Its New Chief Supply Chain Officer
United Natural Foods, Inc., today announced that it has appointed Mark Bushway as its new Chief Supply Chain Officer effective January 3, 2022. Bushway, who currently serves as President of UNFI’s Atlantic Region, will take on leadership of the Company’s fulfillment network across North America, consisting of 56 distributions centers serving more than 30,000 customer locations.
Bushway’s immediate focus will be on UNFI's existing fulfillment network strategy, while continuing to build out cross-selling capabilities, identifying distribution center expansions and accelerating network optimization & automation initiatives...
Aramark Announces Strategic Collaboration With Starr Restaurant Organization
Aramark, a global leader in food and facilities management, announced today it has entered into a strategic collaboration with the Philadelphia-based Starr Restaurant Organization (Starr Restaurants). Led by entrepreneur and James Beard Award-winning restaurateur, Stephen Starr, Starr Restaurants is one of the largest multi-concept and independent restaurant groups in the United States. Together, Aramark and Starr Restaurants will drive culinary innovation and excellence through a strategic collaboration designed to provide best-in-class hospitality experiences for Aramark clients, while enabling new growth for both companies...
eCommerce Platform Pepper Raises $16M in Series A Funding for Food Distributors
Pepper, the eCommerce platform for food distributors, has raised $16 million in Series A funding that will enhance the ordering experience for distributors servicing over 25,000 restaurants and grocery stores in the U.S. and Canada. Index Ventures led the round with participation from Greylock, Imaginary Ventures, BoxGroup, Moving Capital, and Brett Schulman, bringing the total capital raised to date to $20M.
With the Series A secured, platform enhancements are a top priority for Pepper. “This funding enables us to accelerate product development in..."
Sysco Announces their Commitment to Reduce Emissions by 2030, Leading U.S. Foodservice Distribution
Sysco Corporation, the leading global foodservice distribution company, announced today it has set an ambitious, industry-leading climate goal to reduce emissions across its global operations and the company’s entire value chain.
Sysco’s new science-based emissions reduction target aligns with the Paris Agreement and is an integral part of the company’s roadmap to reducing its carbon footprint over the next decade. The company is pursuing validation of the goal by the Science-Based Targets initiative and aims to:
- Reduce its Scope 1 and 2 emissions by...
Jackson & Partners Innovative Food Products Scoring Big with Retailers, Consumers and Inves
Jackson & Partners, a U.S.-based multinational food and beverage manufacturing and marketing company with nine distinct brands that include beef, seafood, appetizers and plant-based products, announced today that sales for 4th Quarter 2021 are expected to exceed forecasts by 40% due to a large influx in retail and food service contracts, according to Alexander Cook, Executive Vice President and Chief Commercial Officer.
Founded by former MLB and NFL superstar and longtime food entrepreneur Vincent “Bo” Jackson in July 2020, Jackson & Partners’ explosive growth during the pandemic, when...
Aramark Reports Fourth Quarter and Fiscal Year 2021 Results
Aramark today reported fourth quarter and full-year fiscal 2021 results.
"Our fourth quarter and full year results reflected the progress we have made across our business as organic revenue reached 87% of pre-COVID levels. The Company achieved record Net New Business performance across lines of business, geographies, and client size—demonstrating the execution of our strategic growth initiatives, which we are confident will position Aramark to drive higher sustainable growth and create meaningful value for our stakeholders," said John Zillmer, Aramark's Chief Executive Officer...
Sysco Delivers Strong First Quarter Results; Reiterating Fiscal Year 2022 Guidance
Sysco Corporation today announced financial results for its 13-week first fiscal quarter ended October 2, 2021.
Key highlights for the first quarter of fiscal year 2022:
- Strong sales growth of 8% compared to 2019 levels, with meaningful market share gains;- October sales growth of 10% compared to 2019 levels, continuing Q1 sequential sales improvement;- Generated EBITDA comparable to pre-COVID 2019 levels;- Inflation effectively managed, despite the dynamic supply chain environment;- Gross profit per case increases across all segments;- Sysco’s Recipe for Growth strategy advances; and- International operations...
US Foods Reports Third Quarter Fiscal 2021 Earnings
US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the third quarter of fiscal 2021. In this press release for year to date results, we refer to certain organic financial results which exclude contributions from Smart Foodservice through April 23, 2021. Smart Foodservice was acquired on April 24, 2020.
Third Quarter Fiscal 2021 Highlights
- Total case volume increased 18.5%; independent restaurant case volume increased 25.1%- Net sales increased 34.9% to $7.9 billion- Gross profit increased 27.4% to $1.2 billion...
Del Monte Foods, Inc. Publishes 2021 Sustainability Report
Del Monte Foods, Inc. today published its fiscal year 2021 Sustainability Report, highlighting progress toward its sustainability goals and reaffirming the company's mission to nourish families with earth's goodness to create a healthier tomorrow where nutritious foods are more accessible to all.
"At Del Monte, we're growers of good. This past fiscal year, we extended this ethos not only to growing what's good, but also to taking care of what's good: our team members, our growers, our customers and our communities," said Greg Longstreet, President and CEO of Del Monte Foods...
US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners
US Foods Holding Corp. announced the launch of Fall Scoop, the company’s 10th annual edition of Scoop. Themed, “Next-Gen Ideas for Next-Gen Diners,” Fall Scoop features 23 products that cater to the next generation of diners, Gen Z and Millennials. More than half of the nation’s total population are now members of the millennial generation or younger, making them the largest age group of diners who can drive important revenue opportunities for operators. This generation of diners is different than their predecessors – they want familiar menu items with a twist, sustainable and meatless items, and social media-worthy presentations. Fall Scoop products deliver on these demands to entice, attract, and delight this younger generation of dining enthusiasts and help operators “Make It.”
“We’re bringing fresh ideas to our operators that provide the labor savings and versatility they need today with the innovation they’ll need moving forward as they cater to the next generation of diners,” said Stacey Kinkaid, vice president, product development and innovation, US Foods. “To support our Fall Scoop theme...
UNFI Names Steve Dietz as its New Chief Customer Officer
United Natural Foods, Inc. today announced the promotion of Steve Dietz to the newly created role of Chief Customer Officer (CCO) effective October 1, 2021. In this new role, Dietz will be responsible for overseeing UNFI’s sales efforts throughout the United States and Canada.
Dietz currently serves as UNFI’s President, Pacific Region, a position he’s held since 2018. As CCO, Dietz will support the region teams, driving business growth and helping ensure UNFI delivers on its long-term vision to transform the future of food. The sales regions include UNFI’s...
Innovative Food Holdings Reports Financial Results for Second Quarter and First Half of 2021
Innovative Food Holdings, Inc. (“IVFH” or the “Company”), a leading direct-to-consumer e-commerce platform with complete multi-channel, specialty food and grocery capabilities for both consumers and professional chefs, today reported its financial results for the second quarter and first half of 2021.
“We are thrilled by the return to year-over-year growth within our specialty foodservice operations, which helped produce record second-quarter revenues and a 17% increase over the prior year period. Our foodservice business increased 148% despite continued uncertainty...
Sysco Announces Changes to the Board of Directors
Sysco Corporation, the leading global foodservice distribution company, today announced that Nelson Peltz, chief executive officer and a founding partner, and Joshua D. Frank, partner and co-head of research, of Trian Fund Management, L.P. (“Trian”), have informed the Company that they are stepping down from the Board. Peltz and Frank indicated that the decision to step down was driven by their confidence in Sysco’s leadership, business transformation and continued operating momentum. Peltz and Frank have served on the Board since August 2015 and have made significant contributions to the Company’s business...
UNFI and RangeMe Accelerate Growth Between Retailers and Suppliers
United Natural Foods, Inc., announced a new milestone expansion to its relationship with RangeMe, the leading online platform that streamlines new product discovery between over 200,000 suppliers and retailers. The evolved relationship between the companies, who have worked together for the past four years, enhances the ability for retailers and emerging suppliers to facilitate purchase orders directly on UNFI’s Easy Options platform through RangeMe.
Easy Options, which serves small-to-medium-sized businesses with flexible order sizes and no frequency requirements, provides RangeMe suppliers with an additional outlet to...
Performance Food Group Company Reports Fourth-Quarter and Full-Year Fiscal 2021 Results
Performance Food Group Company announced its fourth-quarter and full-year fiscal 2021 business results.
“We made consistent progress in fiscal 2021 despite the difficult operating environment,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “In addition to the strong operating results to close out the fiscal year, we made significant headway integrating Reinhart and announced the intention to acquire Core-Mark, creating one of the largest food and convenience store delivery companies in the US.
“We are incredibly pleased with our fiscal fourth quarter results, particularly the momentum we achieved in our sales growth. The quarter saw record sales. Although the labor market remains challenging...
Dining Services Welcomes Students Back to Campus
As many college campuses look to reopen in full this fall for the first time since the pandemic began, Aramark joins in the celebration of our students’ resiliency. Upon campus return, students will find that campus dining has evolved over the past two years, offering healthier choices, continued commitment to sustainability, transparency in food sourcing, and an increased presence of local foods.
“The excitement of back-to-school is a little more intense this year,” said Jack Donovan, CEO and President of Aramark Higher Education. “Our goal is to exceed the expectations of our community by offering...
Plant-based Foods Market to Hit $162 Billion in Next Decade, Projects Bloomberg Intelligence
The plant-based foods market could make up to 7.7% of the global protein market by 2030, with a value of over $162 billion, up from $29.4 billion in 2020, according to a new report by Bloomberg Intelligence (BI). The report Plant-Based Foods Poised for Explosive Growth identifies growth expectations for the plant-based foods market through 2030, as global animal and dairy protein demand is poised to reach $1.2 trillion by then.
According to the new report...
Aramark Reports Third Quarter Earnings
Aramark reported third quarter fiscal 2021 results.
“Our third quarter performance continues to reflect Aramark's strong competitive position and flexible business model as we help clients reopen within various stages of recovery, while also driving growth initiatives that resulted in meaningful new business wins and high levels of client retention," said John Zillmer, Aramark's Chief Executive Officer. "I am extremely proud of our team's dedication to serving clients and focusing on our growth agenda.”
THIRD QUARTER RESULTS
Consolidated revenue was $3.0 billion in the quarter, an increase of 39% year-over-year, that reflected increased levels of business activity compared to the prior year and lapping the first full quarter of...
Sysco Delivers Robust Fourth Quarter Results and Raises FY22 Guidance Driven by Accelerating Sales
Sysco Corporation announced financial results for its 14-week fourth fiscal quarter and its fiscal year ended July 3, 2021.
Key highlights for the fourth quarter of fiscal year 2021 included:
- Sales were stronger than expected;- Share gains continue, driven by new customer wins;- Sysco’s Recipe for Growth strategy advances;- Inflation effectively managed;- Cash flow stronger than expected, even with significant inventory investments;- International operations show...
US Foods Reports Second Quarter Fiscal 2021 Earnings
US Foods Holding Corp. announced results for the second quarter of fiscal 2021. In this press release, we refer to certain organic financial results. Organic financial results exclude contributions from Smart Foodservice through April 23, 2021. Smart Foodservice was acquired on April 24, 2020.
Second Quarter Fiscal 2021 Highlights
- Total case volume increased 53.5%; independent restaurant case volume increased 79.1%- Total organic case volume increased 50.3%; organic independent restaurant case volume increased 74.4%- Net sales increased 68.0% to $7.7 billion- Gross profit increased 74.2% to...
Sysco Partners with SAVRpak to Ensure Meals Stay Fresh and Crisp in Transit
Sysco Corporation announced an exclusive partnership that will deliver SAVRpak’s patented food preservation technology to independent and local chain restaurants nationwide. Through their agreement, Sysco will add SAVRpak “freshness packs” to its Cutting Edge Solutions platform, making this technology immediately available to order.
Developed by an aerospace engineer, SAVRpak is a frozen, peel-and-stick patch that removes moisture from the air of a food container, thereby keeping it away from the meal and...
US Foods Announces New Chief Information and Digital Officer
US Foods Holding Corp. announced that John Tonnison will join the company as Executive Vice President, Chief Information and Digital Officer, effective July 12, 2021. Tonnison will oversee the company’s technology vision and strategy and all information technology functions, including digital, cyber security, applications and infrastructure. He will report to Chairman and Chief Executive Officer Pietro Satriano.
“JT joins the executive team with more than 30 years of extensive experience leveraging technology to foster innovation, improve operational efficiencies and deliver exceptional service to customers,” said Pietro Satriano, Chairman and Chief Executive Officer of US Foods. “He will be instrumental in driving...
US Foods Solves Operators’ Steak Challenges with Tender by Design Process
US Foods Holding Corp. announced the national launch of Tender by Design™, a revolutionary process by which frozen beef can now be just as high quality and tender as fresh. The proprietary Tender by Design™ process gives operators access to high-quality steaks year-round at a competitive price and allows for easier inventory and portion control to respond to the ebb and flow of restaurant traffic. Tender by Design™ is being introduced under the company’s well-known Stock Yards® brand. The launch includes 6-, 8- and 10-ounce half-faced center cut choice top sirloin steaks and an 8-ounce baseball cut choice top sirloin steak.
“Unpredictability is a major challenge in the beef industry, and this is especially true in today’s market. Variance in the quality of beef driven by the time of year and pricing fluctuations hurt the bottom line and create unwanted pressures as operators aim to deliver consistent, high-quality steak offerings that attract...
US Foods Summer Scoop Lineup Takes Aim at Restaurant Labor Shortage
US Foods Holding Corp. announced the launch of Summer Scoop™. Themed “Dining Out Is In Again,” Summer Scoop features 18 on-trend, versatile, profit-driving products designed to reduce back-of-house preparation and skilled-labor demands. With 62% of operators saying they are concerned about finding skilled workers during the pandemic, restaurant operators struggle to balance the resurgence of on-site diners and existing take-out and delivery operations ramped up during the pandemic. Summer Scoop helps address these challenges with innovative products that can drive higher profits and help operators save approximately 85-95% in back-of-house preparation time compared to making from scratch, helpful for restaurants operating with fewer and less experienced kitchen staff.
“Through each phase of the pandemic, our commitment to helping our restaurant operators ‘Make It’ with product innovation and expert resources has remained our number one priority,” said Stacey Kinkaid, vice president of product development and innovation for US Foods. “As restaurants quickly move closer to...
Plant-Based Protein Shipments to U.S. Restaurants and Foodservice Outlets Grew by 60% in April
As pandemic-related restaurant restrictions lift across the U.S., chefs and foodservice operators are refreshing their menu offerings and recipes. Plant-based proteins are one of the food categories they’re using to help update, reports The NPD Group. Shipments of plant-based proteins from foodservice distributors to commercial restaurants increased by +60% in April 2021 compared to the same month a year ago, when the category realized declines because of pandemic restrictions.
Shipments are up +16% compared to April 2019, according to NPD’s SupplyTrack®, which tracks every product shipped from leading distributors to more than...
United Natural Foods Reports Third Quarter Fiscal 2021 Results
United Natural Foods reported financial results for the third quarter of fiscal 2021 (13 weeks) ended May 1, 2021.
Third Quarter Fiscal 2021 Highlights (comparisons to third quarter fiscal 2020)
SpartanNash Announces First Quarter Fiscal 2021 Financial Results
SpartanNash Company reported financial results for its 16-week first quarter ended April 24, 2021.
First Quarter Fiscal 2021 Highlights
Sysco Announces Agreement to Acquire Greco and Sons
Sysco Corporation announced it has entered into an agreement to acquire Greco and Sons, a leading independent Italian specialty distributor in the United States from Arbor Investments and the Greco family. Greco and Sons operates 10 distribution centers servicing 22 geographies nationwide, with approximately $800 million in annual revenue.
Founded in 1990, Greco and Sons imports and distributes a full line of premium quality food and non-food products as well as manufactures value-added specialty meat products. Upon completion of the transaction, Greco and Sons will operate as a standalone division within Sysco, similar to...
Urner Barry Releases May Soy & Wheat Report
Urner Barry Releases May Pulse Protein Report
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Urner Barry Releases April Soy & Wheat Report