Foodservice

Intuit Opens New Atlanta Office

Retrieved on: 
Wednesday, February 7, 2024

Intuit (NASDAQ: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced the official opening of its new Atlanta office, an innovation hub for Intuit and home to Mailchimp.

Key Points: 
  • Intuit (NASDAQ: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced the official opening of its new Atlanta office, an innovation hub for Intuit and home to Mailchimp.
  • The 360,000 SF office is now one of Intuit’s largest global innovation hubs and its only office in the Southeast U.S.
  • “It’s no secret that Atlanta is a bustling tech ecosystem that Mailchimp has been central to for over 20 years,” said Rania Succar, SVP and General Manager, Intuit Mailchimp.
  • Intuit will continue to prioritize its commitment to the local Atlanta community and technology ecosystem by focusing on local vendors and small businesses for amenities and food services.

S&S Lab Signs Strategic Business Agreement with Plug and Play and Simple Planet to Advance Foodtech Innovation

Retrieved on: 
Tuesday, February 6, 2024

SUNNYVALE, Calif., Feb. 6, 2024 /PRNewswire/ -- S&S Lab, operator of IRIS LAB, South Korea's first private sector-led shared research lab, has announced a strategic partnership with Plug and Play, a global innovation platform, and Simple Planet, a bio food tech startup.

Key Points: 
  • SUNNYVALE, Calif., Feb. 6, 2024 /PRNewswire/ -- S&S Lab, operator of IRIS LAB, South Korea's first private sector-led shared research lab, has announced a strategic partnership with Plug and Play, a global innovation platform, and Simple Planet, a bio food tech startup.
  • The goal of this collaboration is to establish the largest Food & Beverage (F&B) innovation ecosystem in South Korea, serving as an intermediary in open innovation involving government organizations, large enterprises, mid-sized companies, and foster mutual growth and cooperation with startups.
  • As part of this partnership, S&S Lab, Plug and Play, and Simple Planet will identify and nurture promising startups capable of playing a connecting role and solving the challenges of the future food system.
  • Through this agreement, Simple Planet will act as a mentor, providing insights and know-how to startups on business capacity enhancement, investment attraction strategies, collaboration with domestic and global companies, and entering overseas markets.

J&J Snack Foods Reports Fiscal 2024 First Quarter Revenue of $348.3M and Net Earnings Growth of 9.8%

Retrieved on: 
Monday, February 5, 2024

Dan Fachner, J&J Snack Foods Chairman, President and CEO, commented, “J&J Snack Foods continues to execute on our long-term strategy while managing through a softer consumer environment.

Key Points: 
  • Dan Fachner, J&J Snack Foods Chairman, President and CEO, commented, “J&J Snack Foods continues to execute on our long-term strategy while managing through a softer consumer environment.
  • Fiscal first quarter net sales declined approximately 1%, in line with trends in the overall industry.
  • This resulted in healthy bottom-line growth, including a 20.6% increase in adjusted operating income and a 19.4% increase in adjusted EBITDA.
  • J&J Snack Foods Corp. will host a conference call to discuss results and business outlook on February 6, 2024, at 10:00 a.m. Eastern Time.

Fiserv Small Business Index™ for January 2024: Consumer Spending Steady to Start New Year

Retrieved on: 
Monday, February 5, 2024

The Fiserv Small Business Index is an indicator of the performance of small businesses in the United States at national, state, and industry levels.

Key Points: 
  • The Fiserv Small Business Index is an indicator of the performance of small businesses in the United States at national, state, and industry levels.
  • According to this month’s Fiserv Small Business Index , spending at small businesses held steady to start the year, growing +0.1% month-over-month to remain at an index of 138, unchanged from December.
  • “Small businesses maintained steady sales in January despite harsh weather conditions impacting much of the country,” said Prasanna Dhore, Chief Data Officer at Fiserv.
  • “Small businesses in the Retail sector outperformed the small business category overall, with growth driven by consumer spending on building materials, health and personal care, and general merchandise.

Services PMI® at 53.4%; January 2024 Services ISM® Report On Business®

Retrieved on: 
Monday, February 5, 2024

TEMPE, Ariz., Feb. 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in January for the 13th consecutive month as the Services PMI® registered 53.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 43 of the last 44 months, with the lone contraction in December 2022.

Key Points: 
  • TEMPE, Ariz., Feb. 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in January for the 13th consecutive month as the Services PMI® registered 53.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
  • The Business Activity Index registered 55.8 percent in January, matching the seasonally adjusted reading of 55.8 percent in December.
  • The index returned to expansion — indicating that supplier delivery performance was slower — after three consecutive months in contraction (or 'faster') territory.
  • The 10 services industries reporting growth in January — listed in order — are: Health Care & Social Assistance; Agriculture, Forestry, Fishing & Hunting; Professional, Scientific & Technical Services; Public Administration; Utilities; Accommodation & Food Services; Construction; Other Services; Educational Services; and Management of Companies & Support Services.

HÄNS KISSLE WELCOMES NEW CEO, RICARDO ALVAREZ, TO LEAD THE WAY IN DELIVERING HOME GOODNESS

Retrieved on: 
Monday, February 5, 2024

"We are happy to welcome Ric Alvarez into the Häns Kissle family," said Masa Hidaka, Chairman of the Board for Häns Kissle.

Key Points: 
  • "We are happy to welcome Ric Alvarez into the Häns Kissle family," said Masa Hidaka, Chairman of the Board for Häns Kissle.
  • "Ric is known in the industry as a thoughtful leader and mentor who has a track record of operational success and growth.
  • Alvarez brings more than 30 years of food industry experience to Häns Kissle, having spent time at successful family-owned, private equity-owned and large, publicly traded food companies.
  • "I'm thrilled to join Häns Kissle at this exciting time for the company," said Ric Alvarez, new CEO of Häns Kissle.

BrandSpark International announces its 16th annual 2024 Best New Product Awards winners, honoring the Best New Food, Beverage, Beauty, Health, Personal Care, Household Care, Home Goods and Footwear products, based on a nationwide survey of American consum

Retrieved on: 
Monday, February 5, 2024

NEW YORK, Feb. 5, 2024 /PRNewswire/ - BrandSpark International and Newsweek have just announced the winners of the 16th annual 2024 Best New Product Awards ("BNPA"), America's most credible new product awards program.

Key Points: 
  • NEW YORK, Feb. 5, 2024 /PRNewswire/ - BrandSpark International and Newsweek have just announced the winners of the 16th annual 2024 Best New Product Awards ("BNPA"), America's most credible new product awards program.
  • The winners are 100% consumer-voted and were determined based on real shoppers who purchased these winning products.
  • says Kim Diamond, Vice President of the Best New Product Awards.
  • In Personal Care & Beauty, 2 in 3 believe that ongoing research & development is continually leading to better products.

New to The Street Announces its 553rd Episode TV Line Up, Featuring Five Corporate Guests, Airing on the FOX Business Network, Monday, February 5, 2024, 10:30 PM PT

Retrieved on: 
Friday, February 2, 2024

Specializing in sales/marketing, revenue management solutions, and guest services, property owners and renters have had great experiences when engaging the Company .

Key Points: 
  • Specializing in sales/marketing, revenue management solutions, and guest services, property owners and renters have had great experiences when engaging the Company .
  • With a national footprint, property owners can expand beyond local or regional markets, optimizing rental listings to increase rental opportunities.
  • Heather explains that owners become actual CEOs of their properties, enhanced by a back-office team using technology and providing service support.
  • The Compass Collection can assist an owner looking for a more sophisticated level of infrastructure, which can promote higher revenues and rental bookings.

Post Holdings Reports Results for the First Quarter of Fiscal Year 2024; Raises Fiscal Year 2024 Outlook

Retrieved on: 
Thursday, February 1, 2024

Segment Adjusted EBITDA (non-GAAP)* was $189.8 million, an increase of 68.1%, or $76.9 million, compared to the prior year period.

Key Points: 
  • Segment Adjusted EBITDA (non-GAAP)* was $189.8 million, an increase of 68.1%, or $76.9 million, compared to the prior year period.
  • For the first quarter, net sales were $129.1 million, an increase of 9.3%, or $11.0 million, compared to the prior year period.
  • For fiscal year 2024, Post management has raised its guidance range for Adjusted EBITDA to $1,290-$1,340 million from $1,220-$1,280 million.
  • ET to discuss financial results for the first quarter of fiscal year 2024 and fiscal year 2024 outlook and to respond to questions.

New to The Street TV Announces Episode #552 with its Five Business Guest Interviews, Airs on Bloomberg TV as Sponsored Programming, Tonight, February 1, 2024, at 9:30 PM PT

Retrieved on: 
Thursday, February 1, 2024

New to The Street's TV episode #552 will air the following five (5) business interviews:

Key Points: 
  • New to The Street's TV episode #552 will air the following five (5) business interviews:
    1).
  • As a clinical-stage biopharmaceutical business, ACXP is developing a new class of antibiotics for life-threatening bacterial infections.
  • Based on positive data from Phase 2a and Phase 2b, management is now going forward with the FDA Phase 3.
  • The Company compared its top-line data with the currently used standard-of-care drugs in the marketplace, and Ibezapolstat has impressive positive results .