Jeff Gelski

Kano

Senior Editor at Food Business News

Senior Editor at Baking Business

Contributing Editor at Dairy Processing

Offering commentary on MU Tigers, St. Louis Cardinals and other subjects I find interesting.

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Articles

Krispy Kreme-McDonald’s partnership takes a pause

6 days ago | foodbusinessnews.net | Jeff Gelski

CHARLOTTE, NC. — Krispy Kreme donuts, which were in more than 2,400 McDonald’s restaurants by the end of the company’s fiscal year first quarter on March 30, will enter no new McDonald’s in the second quarter, Krispy Kreme, Inc. announced May 8 while giving financial results for the first quarter.
Operating profit falls 38% at ADM

1 week ago | foodbusinessnews.net | Jeff Gelski

CHICAGO — ADM’s operating profit fell 38% in the first quarter ended March 31, which included a 52% decrease in its Ag Services and Oilseeds segment. Chicago-based ADM still reaffirmed its full-year guidance of adjusted earnings per share in the range of $4 to $4.75 but expects to deliver at the lower end of the range. ADM’s stock on the New York Stock Exchange closed at $48.32 per share on May 6, up from a close of $47.50 per share on May 5.
ADM operating profit falls 38%

1 week ago | bakingbusiness.com | Jeff Gelski

CHICAGO — ADM’s operating profit fell 38% in the first quarter ended March 31, which included a 52% decrease in its Ag Services and Oilseeds segment. Chicago-based ADM still reaffirmed its full-year guidance of adjusted earnings per share in the range of $4 to $4.75 but expects to deliver at the lower end of the range. ADM’s stock on the New York Stock Exchange closed at $48.32 per share on May 6, up from a close of $47.50 per share on May 5.
ADM operating profit declines 38%

1 week ago | world-grain.com | Jeff Gelski

CHICAGO, ILLINOIS, US — ADM’s operating profit fell 38% in the first quarter ended March 31, which included a 52% decrease in its Ag Services and Oilseeds segment. Chicago-based ADM still reaffirmed its full-year guidance of adjusted earnings per share in the range of $4 to $4.75 but expects to deliver at the lower end of the range. ADM’s stock on the New York Stock Exchange closed at $48.32 per share on May 6, up from a close of $47.50 per share on May 5.
Coca-Cola North America volume declines in quarter

1 week ago | foodbusinessnews.net | Jeff Gelski

ATLANTA — Earnings and sales volume rose for The Coca-Cola Co. in the first quarter ended March 28, leading Morgan Stanley and BofA to give the company favorable ratings. The good news was tempered by a 2% volume decline in North America amid weakening consumer sentiment, especially among Hispanics. Atlanta-based Coca-Cola had net income of $3.33 billion, or 77¢ per share on the common stock, which was up 5% from $3.18 billion, or 74¢ per share, in the previous year’s first quarter.
Synthetic dye 2026 goal faces challenges

2 weeks ago | foodbusinessnews.net | Jeff Gelski

WASHINGTON — Petroleum-based synthetic dyes are found in thousands of foods and beverages within the United States. Getting dyes out of products by the end 2026, as the US Food and Drug Administration in an April 22 news conference announced it aims to do, will take a combined effort from farmers, distributors, manufacturers and formulators. Blue No. 1 and No. 2, Red No. 3 and No. 40, Yellow No. 5 and No. 6, and Green No. 3 look to be the most problematic.
Challenges arise in hitting synthetic dye goal

2 weeks ago | bakingbusiness.com | Jeff Gelski

WASHINGTON — Petroleum-based synthetic dyes are found in thousands of foods and beverages within the United States. Getting dyes out of products by the end 2026, as the US Food and Drug Administration in an April 22 news conference announced it aims to do, will take a combined effort from farmers, distributors, manufacturers and formulators. Blue No. 1 and No. 2, Red No. 3 and No. 40, Yellow No. 5 and No. 6, and Green No. 3 look to be the most problematic.
Sensient moving away from synthetic colors

2 weeks ago | foodbusinessnews.net | Jeff Gelski

MILWAUKEE — Sensient Technologies Corp. will accelerate investments in its naturally sourced colors at the expense of synthetic colors, which are being targeted for elimination through both national and state legislative actions. In the United States and selectively throughout Latin America, Sensient’s synthetic colors revenue for foods and beverages is about $110 million, said Paul Manning, president and chief executive officer, in an April 25 earnings call to discuss first-quarter results.
ABA among groups working on phasing out dyes

2 weeks ago | bakingbusiness.com | Jeff Gelski

WASHINGTON — Several food industry groups expressed a desire to work with the US Food and Drug Administration to phase out the use of petroleum-based synthetic dyes in foods and beverages, noting that the FDA seeks to end the use of the dyes without using a mandate.
Danone sees ‘winning momentum’ from Oikos Pro

2 weeks ago | dairyprocessing.com | Jeff Gelski

PARIS — The Oikos brand led growth in North America for Danone SA in the first quarter, while Juergen Esser, chief executive officer of the company, said he expects service problems to ease in the coffee creamers business in North America. Companywide sales of €6.84 billion ($7.78 billion) were up 0.8% from €6.79 billion in the previous year’s first quarter. Sales increased 4.3% on a like-for-like basis, and volume/mix increased 1.9%.