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Pringles-maker Kellanova beats quarterly sales, profit estimates on steady demand

Global Banking & Finance

(Reuters) – Packaged food company Kellanova topped Wall Street estimates for third-quarter sales on Thursday, driven by resilient demand for its ready-to-eat breakfast items and snacks despite rising prices.

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Tesco raises profit outlook again after strong Christmas sales

Global Banking & Finance

Tesco raises profit outlook again after strong Christmas sales By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Christmas trading period, buoyed by demand for fresh food.

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Mr Kipling maker Premier Foods expects profit at top end of market view

Global Banking & Finance

Mr Kipling maker Premier Foods expects profit at top end of market view (Reuters) -Premier Foods on Thursday forecast full-year profit at the top end of market expectations after the company reported higher sales for the first quarter.

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Food & Beverage 3Q 2023 Report

Focus Investment Banking

The robust M&A markets of 2021 and 2022 lost their momentum as concerns over an impending recession and rising interest rates caused a shrink in the pool of companies available for sale and a decline in buyer demand. Conversely, companies with lower profit margins and slower growth rates witnessed a drop in interest from potential buyers.

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Food Distribution is Ripe for M&A

Focus Investment Banking

In this article, which joins our ongoing coverage of the Food & Beverage industry, we introduce an overview of M&A activity in food distribution with a focus on fresh food. The pandemic accelerated innovation at all levels as it spotlighted weaknesses and systemic inefficiencies, particularly in food distribution.

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Kraft Heinz trims 2024 forecasts on Lunchables drag, tepid demand

Global Banking & Finance

By Savyata Mishra (Reuters) -Kraft Heinz on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant’s branded products such as Lunchables meal kits.

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Nutrinda Food Sciences Leverages Razorpay Line of Credit to Maintain Steady Cash Flow

Razorpay

Nutrinda Food Sciences is a startup focused on the spices and condiments market within the food and beverages sector. Committed to delivering high-quality food items, the company prioritises every aspect of the production process. This led to increased sales and revenue for the company. Get Line of Credit

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