News on Chips and Snacks from Northern America

October 22, 2008

The Inventure Group, Inc. Announces record earnings for Third Quarter 2008

The Inventure Group, Inc. (Nasdaq:SNAK) today reported financial results for the third quarter ended September 27, 2008. Net revenues for the third quarter of fiscal 2008 were $29.8 million, representing an increase of 17.5% compared to the third quart...

October 20, 2008

PepsiCo joins North Carolina Research Campus

PepsiCo Inc. will locate a 4,000-square-foot lab at the David H. Murdock Core Laboratory Building in four to five months. Mehmood Khan, PepsiCo chief scientific officer, described the plans as a major investment but didn’t immediately specify how many ...

October 17, 2008

Tri-Sum Potato Chips 100 years producing potato chips

Tri-Sum Potato Chip Company has reached the milestone of 100 years of business, officially making the Leominster based snack the oldest continually-produced potato chip in America. In honor of the anniversary, Richard Duchesneau and son Jeff (third- an...

Mahnomen Baked Chips LLC (Source: Hammers Construction)

October 16, 2008

Mahnomen baked potato chip factory almost complete

The $8.5 million potato chips factory in Mahnomen that could eventually employ up to 100 people is almost complete.Arlen Kangas, president of MMCDC, the majority shareholder of Mahnomen Baked Chips LLC, said the facility should be turning out product s...

October 16, 2008

Ganancia PepsiCo menor a prevista 3er trim, corta 3.300 empleos

PepsiCo Inc reportó el martes una utilidad del tercer trimestre inferior a las expectativas de Wall Street, golpeado por las decepcionantes ventas de refrescos en Estados Unidos. El fabricante de las gaseosas Pepsi-Cola, los bocadillos Frito-Lay y las...

October 15, 2008

P&G reassigns Pringles account

Proctor and Gamble (P&G) has moved the digital account for its Pringles snack brand out of Agency.com, according to Revolution.The FMCG giant is believed to have handed the account to Wunderman as part of a strategy to step up its digital marketing...

October 15, 2008

Frito Lay Canada to shut Pointe Claire plant

Frito Lay Canada said it is shutting its Pointe Claire plant by year's end, throwing 59 people out of work.Production of chips and snacks will be transferred to other Canadian plants. Frito Lay is offering unspecified severance packages to its 59 emplo...

October 15, 2008

Frito-Lay job cuts won't hit Topeka

Frito-Lay will lay off 300 employees as part of 3,300 job cuts announced Tuesday by its parent company PepsiCo., but the Topeka plant won't be affected, a Topeka business leader said.Frito-Lay spokeswoman Aurora Gonzalez said 130 job cuts would take pl...

October 14, 2008

Pepsico 3Q results below expectations;to cut 3300 jobs

PepsiCo Inc (PEP.N) reported a quarterly profit that missed Wall Street expectations, hurt by disappointing U.S. soft drink sales. The maker of Pepsi-Cola drinks, Frito-Lay snacks and Quaker foods also said on Tuesday that it would cut 3,300 jobs, or...

October 10, 2008

The Inventure Group, Inc. Announces Earnings Guidance On Third Quarter 2008 Results

The Inventure Group, Inc. (Nasdaq:SNAK) completed its third quarter on September 27, 2008, and, as previously announced and further detailed below, the release of third quarter results and related investor conference call is scheduled for Wednesday, Oc...

October 10, 2008

Snacks are fourth meal of the day

The perception that snack foods to eat between meals has changed as snacking has become an additional meal and in some cases a replacement, according to a new report. Most snacking still occurs in the evening at home but this is declining. Morning snac...

October 06, 2008

Lean times bite snack vendors

Like other businesses, vending machine companies are reeling from rising wholesale and fuel prices. As a result, they're charging their customers at factories, hotels and office buildings more for candy, pop and snacks. Some vendors have raised prices...

October 03, 2008

Palm oil rebound not in sight;stocks, demand drag

Ballooning vegetable oil stocks and fast-declining interest from funds in volatile commodities may hold off a recovery in palm oil prices until next year despite its fall to a level much lower than rival soyoil.Palm oil's discount to soy oil has more t...

September 30, 2008

PepsiCo's Indra Nooyi Named Fortune's Most Powerful Woman in Business

Indra Nooyi, chairman and chief executive officer of PepsiCo Inc., the world's largest snack maker, was named the most powerful woman in business by Fortune magazine for the third year in a row. The India-born Nooyi, 52, is aiming to boost business fo...

September 29, 2008

Sam's Club stores will offer 'Sylvia's Kettle Chips' of Soulful Foods Inc.

The snack food producer Soulful Foods Inc. today announced that Sam's Club stores in six states will offer a line of potato chips the company developed with Sylvia Woods, owner of a famous New York soul food restaurant.Sylvia's 12-ounce bags of Honey B...

September 24, 2008

Frito-Lay Ohio facility applauded for green achievement

Frito-Lay's Wooster, Ohio, facility has become the city's first member of the Environmental Protection Agency's (EPA) National Environmental Performance Track Program by demonstrating excellence in environmental management and committing to above-stand...

September 18, 2008

Inventure Group adds Onion Rings to Burger King Snack line

Burger King Corp. (NYSE:BKC) announced today the addition of Onion Rings to the existing line of branded BURGER KING™ Snacks. Onion Rings, a round, crispy puffed snack with a zesty onion flavor, joins the potato snack flavors of Ketchup &Fries, a b...

September 18, 2008

ConAgra Foods Reports Strong First-Quarter Sales Growth

ConAgra Foods, Inc., (NYSE: CAG) one of North America's leading packaged food companies, today reported results for the fiscal 2009 first quarter ended Aug. 24, 2008. Diluted EPS from continuing operations was $0.23, including net $0.04 per diluted sha...