North America

General Mills To Acquire Whitebridge Pet Brands For $1.45bln

General Mills said it would buy Whitebridge Pet Brands’ North American pet food business in a $1.45 billion deal to broaden its portfolio.

WK Kellogg bear Wall Street estimates for third-quarter revenue and profit on Thursday, driven by strong demand despite price hikes.

Mondelēz International beat third-quarter revenue and profit estimates on Tuesday on a rebound in demand and higher prices.

PepsiCo posted a surprise drop in third-quarter revenue and cut its forecast for annual sales growth as cautious spending hurt demand.

Barry Callebaut has halted production at one of its Mexican plants after it found that it did not meet quality standards.

Nestlé lowered its sales outlook on Thursday, slowing the pace of price hikes sooner than hoped due to increasingly cost-conscious consumers.

Coca-Cola raised its annual organic sales and profit forecast on Tuesday, signalling strong demand for the company’s products.

Kleenex tissue maker Kimberly-Clark raised its forecast for full-year profit on Tuesday after beating Wall Street estimates for Q2 profit.

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