Industry News
Foodbeat.com features coverage of the financial aspects of public food companies and the food industry as a whole. Whether it be coverage of a recent Starbucks earnings report or updates on the rising cost of food globally, Foodbeat aims to give consumers an easy-to-digest look at the food industry through our Industry News section.
Disappointing First Quarter Has Wendy’s Investors Asking “What’s Next?”
After recently taking the #2 position in the ranking of the top hamburger chains in the United States, investors had lots of reasons to be confident that Wendy’s would have good news about their ...
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Are Coffee Prices About To Skyrocket?
Beware, coffee drinkers — the price of your morning fix might be about to climb dramatically. A number of factors at play are causing public coffee companies such as Starbucks and Green Mountain Roasters ...
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Chuck E. Cheese Profits Taking a Slide
CEC Entertainment Inc (NYSE:CEC) reported today that their revenue and profits at Chuck E. Cheese are taking a slide. Not only did the current quarter earnings per share miss analyst estimates by $0.01 (0.55%) ...
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Burger King Sells Large Stake, Will Resume As Publicly Traded Company
As the new company slogan says, “exciting things are happening at Burger King.” The hamburger chain, who has been shuffling the deck quite a bit lately to try and regain ground against McDonald’s and ...
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Pink Slime Controversy Prompts AFA Foods to File Bankruptcy
The pink slime controversy that’s been plaguing the food industry for the past few months is starting to have a severe impact on many beef processing companies. AFA Foods announced they filed for bankruptcy ...
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Molson Coors to Buy StarBev for $3.54 Billion
Molson Coors Brewing announced today that is has agreed to buy StarBev and it’s nine breweries in Central and Eastern Europe from private equity fund CVC Capital partners for a whopping $3.54 billion. The ...
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Starbucks Expects China To Become Its Second-Biggest Retail Market
Starbucks has lofty expectations of how its growth will unfold in China over the next few years, stating this week that it fully expects China to be its second largest retail market by 2014. ...
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Whole Foods Market Ends Sale Of “Unsustainable” Seafood
Whole Foods Market (NASDAQ: WFM) has announced a bold step toward furthering its goal of improving the sustainability of the worldwide fishing ecosystem. One year ahead of its previously announced goal of Earth Day ...
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Annie’s Homegrown Shares Soar Nearly 90% On First Trading Day
Annie’s Homegrown, an organic and natural foods company based in Berkeley, California, has a lot of reasons to celebrate this morning after a phenomenal initial public offering on the New York Stock Exchange. Annie’s, ...
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