2:22 a.m. May 5, 2021 - By Tomi Kilgore
Fresh Del Monte stock set to rally after profit more than triples, tops expectationsShares of Fresh Del Monte Produce Inc. were indicated up about 4% in premarket trading Wednesday, after the fresh fruit and vegetables producer reported a first-quarter profit that more than tripled from a year ago, even as sales slipped given continued COVID-19 restrictions on foodservice customers and given hurricane-related supply disruptions. Net income rose to $42.7 million, or 90 cents a share, from $13.0 million, or 27 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to 88 cents, while the average EPS estimate of two analysts surveyed by FactSet was 36 cents. Sales declined 2.7% to $1.09 billion, while the average sales estimate of two analysts was $1.11 billion, as fresh and value-added products sales fell 4.5% to $631.0 million and banana sales declined 2.1% to $418.2 million. The stock has run up 19.9% year to date through Tuesday, while the S&P 500 has gained 10.9%.
3:11 a.m. April 21, 2021 - By Ciara Linnane
Canopy Growth to partner with Southern Glazer's Wine & Spirits to distribute CBD-infused drinksCanadian cannabis company Canopy Growth Corp. said Wednesday it has entered an an agreement with Southern Glazer's Wine & Spirits to distribute its U.S. portfolio of CBD-infused beverages. Canopy recently launched the first drink in that portfolio, called Quatreau. Southern Glazer will start by distributing Quatreau in seven states and will add additional states in the coming months. The company will leverage its e-commerce platform at Quatreau sparkling water contains 20 mg of U.S. grown hemp-based CBD, and comes in four flavors: Cucumber + Mint, Passion Fruit + Guava, Blueberry + Acai, and Ginger + Lime. Canopy shares were up 0.7% premarket and have gained 3.7% in the year through Tuesday's close, while the Cannabis ETF has gained 34% and the S&P 500 has gained 10%.
11:08 a.m. March 8, 2021 - By Tonya Garcia
Ocean Spray partners with Walmart for caffeinated sparkling waterAgricultural cooperative Ocean Spray Cranberries Inc. has launched a new beverage, Ocean Spray Wave in collaboration with retail giant Walmart Inc. The caffeinated sparkling water is made with fruit juice and comes in four flavors including strawberry and lemon, and mango and passionfruit. The caffeine is sourced from black tea. Ocean Spray says the drink was developed and shipped in less than a year and launching exclusively at Walmart. Shares of Walmart have gained 9.8% over the last year while the Dow Jones Industrial Average is up 23.4% over the period.
7:29 a.m. March 8, 2021 - By Tomi Kilgore
Avocado seller Mission Produce enters Mango marketMission Produce Inc. said Monday it was entering the Mango category, as the said it was in "prime position" to enter the market for the most consumed fruit in the world. The company said it currently owned 300 hectares of mangos in Peru, and is on track to source additional fruit from other regions. Chief Executive Steve Bernard said mangos are typically off-season from avocados, so the new year-round program creates a "unique synergy" within the company's international farming business. "We began our original mango program a few years ago during a seasonal window to keep our workforce employed year-round," Bernard said. "We've since seen increasing demand from our customers and the impressive response to our current mango program indicates that we are ready to grow into the mango market." The stock, which went public on Oct. 1, slipped 1.2% in morning trading. It has soared 49.8% over the past three months, while the S&P 500 has gained 4.7%.
4:32 a.m. Nov. 28, 2020 - By Charles Passy
Keep the spirit of Thanksgiving alive with a cranberry liqueur A small New York distillery offers the seasonal fruit in boozy formA small New York distillery offers the seasonal fruit in boozy form.
12:34 p.m. Aug. 30, 2020 - Associated Press
Once again, wildfires threaten business in California wine country Smoke could taint grapes, further hurt tourism in Sonoma and Napa countiesWith an early harvest already underway, a wildfire a few miles west of John Bucher’s ranch added new urgency to getting his pinot noir grapes off the vine. If flames didn’t do any damage to the delicate fruit, ash and smoke certainly could.
8:53 a.m. Aug. 18, 2020 - By Rachel Koning Beals
Not all COVID small-business stories end badly — sales sprouted at this very vertical Chicago mushroom grower Windy City Mushroom found itself selling more product directly to homes not restaurants, growth that encouraged this farm-meets-factory to expandBusiness has bloomed beyond the typical restaurant buyers for Guy Furman, who runs the once almost exclusively wholesale Windy City Mushroom in Chicago. The mushroom “factory’s” survival — expansion, even — was the result of evolving consumer palates, home delivery and a push to buy local during food shortages.
11:20 a.m. Aug. 6, 2020 - By Azure Gilman
‘I can’t believe this is America.’ Confronted with unprecedented need, New York food pantries try to fill in the gaps Organizations that serve the food insecure are struggling to serve more people than ever before The line for meals curves around the block. Roughly 25% of New York City’s population now faces food insecurity.
11:29 a.m. June 27, 2020 - By Brittany Anas
Rethinking big city life? Here are 8 smaller places that still have the urban perks 8 up-and-coming small metros where you can enjoy a slower pace but still be near a large cityReady for more space but still want the perks of a big city? These small cities offer the best of both worlds.
7:48 a.m. June 26, 2020 - By Charles Passy
Move over, Aperol spritz. This could be the summer of the paloma cocktail Fever-Tree rolls out its pink-grapefruit mixer for making the Mexican drinkFever-Tree rolls out its pink-grapefruit mixer for making the Mexican drink.
9:55 a.m. June 23, 2020 - By Brandy Wiltermuth
I take care of workers in Yakima County, a coronavirus hot spot: ‘The nearest hospital is a few miles away, but most refuse to use it’ The nation’s ‘fruit basket’ in Yakima County, Wash., has seen COVID-19 cases surge in recent weeksThe nation’s ‘fruit basket’ in Yakima County, Wash., has seen COVID-19 cases surge in recent weeks.
5:52 a.m. June 19, 2020 - By Andrew Keshner
‘I don’t want to be someone in need of cash’: How economic slumps inflicts permanent ‘scars’ on spending and saving It’s been just over 100 days since the World Health Organization declared a pandemicIt’s been 100 days since the World Health Organization declared a pandemic.
7:03 a.m. June 5, 2020 - By Charles Passy
This exotic spirit can be mixed ‘with anything in your fridge’ Passoã claims to the No. 1 passion-fruit liqueur in the worldPassoã claims to the No. 1 passion-fruit liqueur in the world.
7:22 a.m. May 23, 2020 - By Charles Passy
Steven Soderbergh helped the world imagine pandemics. Now he wants to introduce you to Bolivian booze The Oscar-winner who directed ‘Contagion’ is behind Singani 63The Oscar-winner who directed ‘Contagion’ is behind Singani 63.
8:40 a.m. May 21, 2020 - By Archie Mitchell
Why coronavirus has caused a glut of gourmet food from canceled summer events A lack of celebrations and long-lasting lockdowns have hit demand for regional specialties Champagne and Stilton cheeseThe Champagne region of France has cut sales of bubbly and Prince Charles has urged Brits to back cheesemongers.
1:58 a.m. May 14, 2020 - By Lina Saigol
Plastic screens and makeshift grocery stores: How one restaurant chain is surviving the coronavirus crisis Welcome to the new normal of ordering food on Britain’s high streetBritish fast-food chain Leon has turned some of its restaurants into ‘mini-supermarkets.’
5:30 a.m. May 13, 2020 - By Brett Arends
Older Americans are having trouble getting enough to eat — and this was before COVID-19 And it’s not just people over 65, a new survey revealsAnd it’s not just people over 65, a new survey reveals
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