Michael Costa

1 month ago | supermarketperimeter.com | Michael Costa

HERSHEY, PA. — The Hershey Co. is seeking an exemption from the federal government to help mitigate tariff impacts on its business — particularly with cocoa — that could cost the company $20 million in the second quarter, and $200 million later this year.  “The unmitigated impact could be up to $100 million per quarter for quarter three and quarter four,” said Steven Voskuil, chief financial officer, senior vice president, Hershey.

1 month ago | foodbusinessnews.net | Michael Costa

NEW YORK — SunOpta Inc.’s focus on continued volume growth across all its product categories – which include plant-based beverages, ready-to-drink protein shakes, fruit snacks and broths – combined with multi-channel distribution has helped the company raise the low end of its guidance on revenue growth for 2025, anticipating a 9% to 11% boost. “Our club channel business grew double digits in the first quarter.

1 month ago | ourherald.com | Michael Costa

Lately, it feels like nearly every headline about health care—nationally and locally—is discouraging. The release of the Oliver Wyman report was especially tough for Gifford Health Care. It raised questions about our viability and sparked concern about our future in the community. Add in ongoing scrutiny from the Green Mountain Care Board and rumors of looming federal cuts, and it’s […] Remember Me

1 month ago | foodbusinessnews.net | Michael Costa

CORONA, CALIF. — During its 2025 first-quarter earnings call, Monster Beverage Corp. made clear that tariffs aren’t currently affecting the company’s results, due to a combination of localized production for Monster products and hedging strategies on materials such as aluminum. “The impact of tariffs on our operating results was immaterial,” said Rodney Sacks, chairman of the board, co-chief executive officer, Monster.

1 month ago | bakingbusiness.com | Michael Costa

DUBLIN, OHIO — To help counter weak first-quarter customer traffic — part of an industry-wide slowdown in the quick-service restaurant (QSR) industry — Wendy’s Co. is partnering with Takis, Mondelez and Kellanova for co-branded menu items, hoping to spur sales based on the success of the company’s collaboration with Girl Scouts for its Thin Mint Frosty in February.