Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives
You are here: Home >news >Center-Store Processors See Surge

Center-Store Processors See Surge

2020-07-01 foodprocessing

Tag: soups flour refrigerated baked goods

Share       

As financials roll in for the quarter covering the pandemic crisis, companies with products that appeal to consumers stuck at home continue to do well.

General Mills saw sales reach $5.02 billion in sales in the quarter ending May 31, up 21% from the same quarter last year. Refrigerated baked goods, soups and flour did especially well. In an analyst call, General Mills attributed this surge to the pandemic and said it is tracking factors like the emergence of a second wave and the development of a vaccine.

Conagra Brands posted a 26% increase in sales, to $3.29 billion, for the quarter ending May 31 compared with last year. Among its biggest gainers were Chef Boyardee canned pastas, with a 62% in retail sales over the same quarter last year, and Hebrew National processed meats, at 39%. CEO Sean Connolly said that many shoppers who are trying Conagra products for the first time are coming back to them.

McCormick & Co. had a sales increase of 7.6% in its second quarter compared with last year. Its results reflected a strong surge in retail sales combined with a sharp dro in foodservice demand. But the retail growth is so strong that the company will transition all of its factories to 24-hour operation and add co-manufacturers.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121  沪公网安备31010402001403号

Inquiry Basket

Inquiry Basket

Buyer service

Buyer service

Supplier service

Supplier service

Top

Top