Milling & Baking News - December 28, 2021 - 8

TUES | 12 28 2021
raised to $182 million to $187
million, up from $178 million
to $185 million. Krispy Kreme
also reiterated its long-term
outlook for annual organic
revenue growth of 9% to 11%,
adjusted net income growth
of 18% to 22%, and adjusted
EBITDA growth of 12% to 14%.
KRISPY KREME
UPDATES
GUIDANCE
CHARLOTTE, NC. - Krispy
Kreme, Inc. on Dec. 20 raised
its guidance for full-year revenue,
net income and adjusted
EBITDA, citing strong
momentum in the fourth
quarter and " better-than-previously-expected
growth. "
Net revenue guidance for fiscal
2021 was raised to $1.37 billion
to $1.385 billion, up from
$1.34 billion to $1.38 billion.
Adjusted net income guidance
was raised to $65 million to
$68 million, up from $62 million
to $68 million. Adjusted
EBITDA, meanwhile, was
KERRY ELEVATES
OLIVER KELLY TO
NEW ROLE
BELOIT, WIS. - Oliver J.
Kelly has been named president
and chief executive
officer of the Kerry Group's
North American operations,
effective Jan. 1, 2022. He will
succeed Gerry Behan, who
has been interim president
and CEO and who will continue
in his broader capacity
as president and CEO of Kerry
Taste and Nutrition. Mr. Kelly
has been with Kerry since
1991, most recently as chief
commercial officer since May
2019. Mr. Kelly earlier was
vice president of retail global
accounts for EMEA, president
of Kerry Foodservice and
business director of cereal
and sweet technology Europe.
He received a bachelor's
degree in agricultural science
at the University College
Dublin.
MONDELEZ
UNVEILS NEW
OREO FLAVORS
DEERFIELD, ILL. - Mondelez
International, Inc. is
white, milk and dark chocolate-flavored
creme sandwiched
between chocolate
wafers. Both products have a
suggested retail price of $4.29.
8
Kelly
expanding its Oreo lineup.
Beginning in January, Oreo
Toffee Crunch cookies and
limited-edition Oreo Ultimate
Chocolate cookies will
be available nationwide.
Oreo Toffee Crunch features
chocolate wafers and
a toffee-flavored creme with
sugar crystals. Oreo Ultimate
Chocolate has three layers of
FLOWERS RECALLS
BREAD ON
ALLERGEN RISK
THOMASVILLE, GA. -
Flowers Foods, Inc. on Dec.
17 recalled 3,000 loaves of
Nature's Own Honey Wheat
bread sold in six states due to
the presence of undeclared
milk. " People who have an
allergy or severe sensitivity
to milk run the risk of serious
or life-threatening allergic
reaction if they consume
this product, " Flowers said.
According to Flowers, the
affected states are Arizona,
California, Colorado, Nevada,
New Mexico and Wyoming.
The packages have either
a blue or yellow tie closure
and a " Best If Used By " date
of 12-26-2021 and product
codes 128 346 03:00 through
128 346 05:00 printed on the
package. Flowers said the
recall was initiated after
discovering that loaves of
Nature's Own Butterbread
containing milk were
inadvertently packaged in
Nature's Own Honey Wheat
bread packaging, which does
not include milk in the ingredient
statement. MBN
BRIEFS
KRISPY KREME, KERRY GROUP, MONDELEZ INTERNATIONAL AND FLOWERS FOODS
Milling & Baking News - December 28, 2021

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