Conagra already owned frozen food aisle staples Healthy Choice and Marie Callender’s. Now with the acquisition of Pinnacle Foods for $8.2 billion, it’ll own other frozen food staples like Hungry Man dinners and Birds Eye vegetables. Together, all those foods will create a conglomerate worth an estimated $11 billion in annual sales. But as customers […]
Scrambling to keep people reaching for yogurt and breakfast cereal, General Mills and other packaged good manufacturers are trying to find new ways to compete as sales slump. General Mills holds its fourth quarter earnings call this morning before the bell. Click the audio player above to hear the full story.
It’s been a year since Amazon acquired Whole Foods, and the company announced today Prime members in 10 more states are eligible for special deals at the store. With Amazon getting deeper into the grocery business, competitors have had to up their digital game … and also improve delivery services. So what are they doing […]
Kroger say it’s closing about 40 stores nationwide. Many are in neighborhoods the U.S. Department of Agriculture already calls food deserts. That’s a place where food is hard to get, either because it’s too far away or it’s not affordable. Kroger says the closed stores weren’t making money. As communities that used to depend on […]
It’s tough to be in the processed food business these days. The abrupt departure of the Campbell’s CEO after a bad quarterly earnings report highlights how difficult it is for these companies to shift their identities, with consumers seeking foods they consider healthier. How are processed food companies responding? Click the audio player above to […]
Restaurants and other food outlets with more than 20 locations have to publicly display calorie counts. Test your calorie count prediction talents with our quiz.
