Food Business News - October 23, 2012 - (Page 12)

California poultry processor files for Chapter 11 protection FRESNO, CALIF. — Zacky Farms L.L.C. has filed for Chapter 11 bankruptcy protection with the United States Bankruptcy Court for the Eastern District of California in Sacramento, Calif. The company said while it reorganizes it will continue normal operations. “After careful consideration we concluded that a Chapter 11 restructuring represents the best long-term solution for Zacky,” said Keith Cooper, chief restructuring officer. “We appreciate the ongoing loyalty and support of our employees, growers, customers and vendors. Their dedication and hard work is critical to our success. “We remain committed to leading Zacky toward a strong and profitable future with the help of our employees, our growers, our customer base, and our vendor community. Zacky remains a viable business that is deeply committed to our employees and the customers that we serve.” The company has arranged debtor in possession financing from the Lillian Zacky Family Trust and has hired strategic advisors to explore alternatives. The company has not set a target date to for emergence from Chapter 11. FBN Shell egg prices push Cal-Maine income up sharply JACKSON, MISS. — Boosted by higher prices for shell eggs, income for Cal-Maine Foods, Inc. was up 202% during the first quarter. For the quarter ended Sept. 1, the company had income of $9,415,000, equal to 39c per share on the common stock, which compared with $3,117,000, or 13c per share, during the same quarter of the previous year. Sales for the quarter were $272,928,000, up 12% from $243,842,000 during the same quarter of the previous year. “We are pleased with our financial and operating performance for the first quarter of fiscal 2013,” said Dolph Baker, chairman, president and chief executive officer. “These results reflect a strong start to our fiscal year in what is typically our most challenging quarter. “Revenues were up 12% over the same period last year while volumes were at about the same level, reflecting higher average market prices for shell eggs. Our specialty egg sales have continued to trend higher and represented over 16.1% of dozens sold and 23.5% of total shell egg sales revenue for the quarter. We will continue to identify new market opportunities to expand our specialty egg business and meet growing customer demand.” FBN Peapod testing virtual grocery stores in the Northeast Peapod is partnering in the venture with national consumer products brands, including Barilla, Coca-Cola Co., Kimberly Clark, Procter & Gamble and Reckitt Benckiser. The virtual stores will include staples like coffee, condiments and cleaning products; soft drinks, snacks and cereal; milk and bread; health and beauty products; and fresh fruits and vegetables. “Getting your groceries on the way home from work just got a whole new meaning,” said Mike Brennan, chief operating officer of Peapod. “With schedules that are more demanding than ever and people spending 200+ hours a year in transit, our hope is that consumers will take advantage of our virtual stores and mobile app while they’re on the go and enjoy the time saved when they’re at home.” Founded in 1989, Peapod is the largest Internet grocer in the United States, serving 24 markets throughout Connecticut, Illinois, Indiana, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Virginia, Washington, D.C., and Wisconsin. The company has delivered more than 22 million grocery orders since its inception. FBN ConAgra to close pork processing plant OMAHA — ConAgra Foods Inc. said it will close an Odom’s Tennessee Pride pork processing plant in Little Rock, Ark., in late spring 2013, a move that will eliminate more than 200 jobs. ConAgra acquired Odom’s Tennessee Pride, a producer of frozen and refrigerated breakfast sandwiches and sausage, in May. In addition to the facility in Little Rock, the acquisition included Odom’s facilities in Dickson and Madison, Tenn. Odom’s was the nation’s second-largest producer of frozen breakfast sandwiches at the time of the acquisition. FBN CHICAGO —, an on-line grocer, has launched more than 100 virtual grocery stores at commuter rail stations in Boston, Connecticut, New York, New Jersey, Philadelphia, Washington, D.C., and Chicago. The virtual stores are the first of their kind in the United States. They feature billboards of larger-thanlife grocery aisles on the train platforms in the participating cities. Commuters with iPhones, iPads or Android phones may scan a QR code on the billboards to download a free PeapodMobile app and start shopping by scanning bar codes of the products displayed in the “aisles.” 12 FOODBUSINESS NEWS ® October 23, 2012

Table of Contents for the Digital Edition of Food Business News - October 23, 2012

Food Business News - October 23, 2012
Private label penetration forecast to grow in U.S.
Softer demand slows rate of Nestle sales growth
Drought’s impact becomes clearer
Table of Contents
Web Contents
Editorial - Food issues dampened before election
Culver acquisition boosts B&G third-quarter income
Foreign exchange rate cuts into McDonald’s earnings
Structural changes cut into PepsiCo sales in third quarter
Legislation proposed to track antibiotic use on farms
Dean Foods posts preliminary WhiteWave-Alpro results
California poultry processor files for Chapter 11 protection
Peapod testing virtual grocery stores in the Northeast
Shell egg prices push Cal-Maine income up sharply
ConAgra to close pork processing plant
Cereal Partners Worldwide to reduce sugar, sodium
Frozen food sales projected to remain sluggish
New food safety effort targets consumers
ConAgra Foods looks to heighten focus on nutrition addition
Cholesterol profile of U.S. adults improving
Food and beverage C.P.I. increases in September
Strong China results boost Yum! earnings
Global Greek yogurt introductions accelerate
Sunland recall reverberates throughout the industry
JBS USA has option to acquire XL Foods
Washington - F.D.A. issues guidance for food facility registration
Sports Nutrition - Broadening the appeal for sports nutrition products
Ingredient Innovations - Ushering in the next generation
Convenience Store Trends - On-the-go gourmet
Beverage Business News - Looking for a Pepsi rebound
Old Orchard debuts frozen sweet tea line
Red Bull to add fruit-flavored energy drinks
Lawsuit takes aim at New York’s 16-oz beverage rule
Coca-Cola profit climbs on volume growth
Beverage industry embraces calorie counts on vending machines
Journal report links sugary beverages to obesity
Tingyi partnership poised for flight
Beverage still tops at Pepsi...barely
Beverage Trends - An (energy) shot in the arm
New Food Products
Ingredient Market Trends - CME Group to acquire the K.C.B.T
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - October 23, 2012