Cost of goods sold as a percentage of net sales was 64% during 2012, compared to 67% in 2011.
April 2, 2013
Lifeway Foods Inc., (Nasdaq: LWAY), said its gross sales increased 16% for the year ended Dec. 31, 2012. Sales totaled approximately $89.8 million compared to $77.1 million in 2011.
The Kraft brand donates $1 every time someone shares a video.
March 28, 2013
Every time someone shares a Philadelphia Cream Cheese video on Facebook or Twitter, the Kraft Foods brand will donate $1 (up to $50,000) to Share Our Strength's No Kid Hungry campaign.
The factory produces Nestlé branded products such as Nido, Nescafé, Cerelac and Maggi.
March 26, 2013
Over the past two decades the annual amount of milk collected has increased from 6.6 million liters to 80 million liters, sourced from around 16,000 farmers. The factory produces Nestlé branded products such as Nido, Nescafé, Cerelac and Maggi.
Cheese production grew by 11 million pounds, butter by 5 million pounds.
March 25, 2013
AMPI’s core products were the cooperative’s top performers in 2012. Cheese production, which represents 57% of total sales, grew by more than 11 million pounds as compared to one year earlier. Butter production continued to grow steadily, increasing 5 million pounds.
Perry's developed a Tropical Neapolitan ice cream (mango, coconut and pineapple) and Movie Time (popcorn-flavored ice cream with sea salt caramel swirls and caramel truffles).
March 22, 2013
Honors for the most innovative ice cream flavor went to Tropical Neapolitan, a fruity combination of mango, coconut and pineapple, entered by Perry’s Ice Cream. Movie Time, Perry's popcorn-flavored ice cream with sea salt caramel swirls and caramel truffles, won most innovative prototype flavor.
CEO Rick Smith says, "We are in a position to manage the short-term impact of these non-recurring items on our overall balance sheet.”
March 21, 2013
Dairy Farmers of America reported today its net income increased more than 100% in 2012 — $83 million for 2012, compared to $40 million for 2011 — but after non-recurring items, DFA reported a net loss of $133 million for the year.
In the Bakeries and Foodservice segment, the Yoplait Parfait Pro yogurt line made a strong contribution to third-quarter sales.
March 20, 2013
The company said products making the strongest contributions to U.S. Retail net sales growth in the third quarter included new items such as Yoplait Greek 100 yogurt.
“This acquisition further demonstrates Glanbia’s commitment to innovation and to the long-term sustainability of dairy in Idaho,” said Jeff Williams, President and CEO.
March 19, 2013
“This acquisition further demonstrates Glanbia’s commitment to innovation and to the long-term sustainability of dairy in Idaho,” said Jeff Williams, President and CEO of Glanbia Foods. “This manufacturing plant represents the ‘right size’ cheese plant that will allow us to take new product development out of our Cheese Innovation Center to commercial scale in a reduced time cycle,” continued Williams.
'Products from the new plant will be bound for Asia markets and that will allow us to concentrate all our domestic UHT production – including Fonterra Milk for Schools – at Takanini in Auckland,' an executive says.
March 19, 2013
Fonterra Chief Executive Officer Theo Spierings said the new plant would enable the co-operative to meet growing demand for UHT products in Asia. “The new plant will enable us to increase our UHT production by 100% over the next few years.