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Target earnings up, food sales slip

MINNEAPOLIS — Net earnings soared 36% for Target Corp. in the third quarter ended Oct. 28 despite a drop in revenue. “On the bottom line, our third-quarter EPS of $2.10 was well above our expectations and more than 36% ahead…

GFI identifies untapped upcycling opportunities

WASHINGTON — Upcycling agricultural waste into food ingredients and alternative protein inputs will be necessary to help feed the world’s growing population, according to a new report from the Good Food Institute (GFI). The GFI analyzed the byproducts from the…

Subway hires new CFO | Food Business News

MIAMI — Subway has named Jeff Shepherd chief financial officer. In his new role, Mr. Shepherd will oversee Subway’s global finance organization as well as manage and optimize the brand’s global financial performance and information security. Mr. Shepherd will work…

Yelp users weigh in on 2024 food and beverage trends

SAN FRANCISCO — Yelp, the restaurant review hub, is looking back at 2023 to predict what trends may gain traction in 2024. Yelp users see cocktails, martinis, caviar, “girl dinners,” smoothies, and cold ramen noodles as all having potential. Consumers seeking…

Custom label manufacturer names new CEO

FAIRFIELD, NJ. — Premium Label & Packaging Solutions, a custom label manufacturer for the health, food, beauty, nutraceutical and aerospace industries, has named Chris Payne to chief executive officer and Leslie Gurland to vice president of sales and marketing. In their…

Tyson Foods continues to bleed red ink

SPRINGDALE, ARK. — “Controlling the controllables” was a phrase used often during Tyson Foods, Inc.’s most recent conference call with securities analysts. The company’s full-year and fourth-quarter earnings show there was much during the period that may have been out…

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