Food Business News - May 31, 2016 - (Page 1)

FOODBUSINESS NEWS May 31, 2016 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Campbell Soup slips on soft soup demand CAMDEN, N.J. - Weak demand for soup and V8 beverages and a carrot shortage contributed to a disappointing quarter for the Campbell Soup Co. Net earnings in the third quarter ended May 1 were $185 million, equal to 60c per share on the common stock, which compared with $179 million, or 58c per share, the year before. Net sales were $1,870 million, down from $1,900 million. "In the third quarter, our organic sales declined 2% which was below our expectations," said Denise Morrison, president and chief executive officer, during a May 20 earnings call with financial analysts. "Key factors that led to the decline Continued on Page 10 What's driving menu trends? Reducing added sugars in beverages he 2015 installment of the Dietary Guidelines for Americans directly addresses sugar consumption by recommending consumers limit "added sugar" intake to 10% or less of calories. The emphasis is on added sugars, not inherent sugars, such as the lactose found in milk or the fructose in an apple. The government responded to the recommendations on May 20 when the U.S. Food and Drug Administration (F.D.A.) issued mandatory changes to the Nutrition Facts that appears on most packaged foods sold in the United States. Supporters Continued on Page 42 T Story on Page 12 Industry readies for new Nutrition Facts Panel he U.S. Food and Drug Administration on May 20 unveiled its new Nutrition Facts Panel, which will replace the current label and be displayed on packaged foods as a guide to consumers seeking nutrition information. There were no surprises in the announcement T as the F.D.A.'s plans for revising the label were the subject of considerable discussion and comment. Most food industry groups, including those that had opposed some of the more controversial changes to the label, voiced acceptance of the revisions while emphasizing industry's own efforts to provide healthier food choices. The Sugar Association, though, said it was disappointed that the updated label requires an "added sugars" declaration and daily reference value, suggesting this set "a dangerous precedent that is not grounded in science, and could actually deter us from our shared goal of a healthier America." The new Nutrition Facts Panel will include an updated design to highlight "calories" and "servings." It also will provide Continued on Page 25 ®

Table of Contents for the Digital Edition of Food Business News - May 31, 2016

Food Business News - May 31, 2016
Campbell Soup slips on soft soup demand
Industry readies for new Nutrition Facts Panel
Beverage Business News - Reducing added sugars in beverages
Table of Contents
Web Contents
Editorial - Regaining the trust of consumers is critical
TreeHouse Foods to close two manufacturing plants
Givaudan to acquire Spicetec Flavors & Seasonings
N.R.A. 2016: What’s driving menu trends?
Hail Merry finding footing in food service
Clean label lessons from Panera Bread’s head chef
Consumers continue to redefine ‘natural,’ ‘healthy'
Hampton Creek turns adversity into opportunity
Market for organic products reaching new heights
Hormel Foods to acquire Justin’s, L.L.C.
Market Insight - Different look to markets ahead of Sosland Purchasing Seminar
Supply Chain Evolution
Flavor Trends - Regional cuisines driving Hispanic flavor trends
Feeding Hispanic millennials’ craving for culture
Ingredient Innovations - Investing in plant protein
New group goes global with pulse innovation
New Food Products
Ingredient Market Trends - U.S. winter wheat harvest is under way
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - May 31, 2016