Kraft Foods Inc. reported a quarterly earnings jump of 9.8% last month thanks to higher shipments and savings from its acquisition of cookie maker Nabisco. The nation’s largest food company posted fourth-quarter earnings of $876 million, or 51 cents a share, up from $798 million, or 46 cents, a year earlier.
WWFE to Freeze
The American Frozen Food Institute (AFFI) is joining the Worldwide Food Expo 2003, which will be held Oct. 29-Nov. 1 at McCormick Place in Chicago. AFFI joins the International Bottled Water Association whose sponsorship was announced last fall, as the newest co-sponsor of Expo for the ’03 event.
Fat Suit Dismissed
A U.S. District Court Judge has thrown out a lawsuit that blamed McDonald’s for causing a group of New York children to become obese. The judge ruled that the plaintiffs should have realized that eating “copious amounts” of McDonald’s food would make them obese.
Morningstar Foods, a subsidiary of Dean Foods Company was recently named by Progressive Grocer magazine as the publication's 2002 Best of Class Category Captain award winner for the dairy category. The Dallas-based food processor was one of 13 U.S. manufacturers recognized as being champions in their specific food categories, thanks to its category management expertise related to both branded and private-label products, the magazine's editor said.