No quick turnaround for struggling General Mills
Intense competition from rival yogurt makers hammered revenue and profit at General Mills in the second quarter.
General Mills reported lower-than-expected quarterly profit and revenue and shares of the yogurt and breakfast cereal maker fell as much as 4 percent to $60.52 on Tuesday.
In the U.S. market, where total retail sales slipped 9%, the decline was a steep 17% for yogurt. That’s far worse than the 3% drop for cereal, 7% decline for baking products, and 1% increase for snacks, according to Fortune.
General Mills said it expects 2017 sales, excluding acquisitions and divestitures, to decline 3-4 percent from 2016. It had previously anticipated sales would be flat to down 2 percent.
To read more about General Mills's troubles, click here.
Silver Fern Brand launches no-sugar, high-fiber Cenavi chocolates with probiotics
SALT LAKE CITY — There's a new brand of chocolate hitting shelves, and this one is sweetened with the natural sweetener Kakato.
Developed for Silver Fern by chocolatier Art Pollard, Cenavi has no added sugar or sugar alcohols, is high in fiber and contains the only strain of probiotics proven to boost the body’s metabolism for long-term weight loss.
The first items available online now at Silver Fern Brand and Amazon.com include 70% dark chocolate flats, chocolate-covered almonds and barks in three flavors:
- Spicy Mango
- Cranberry, Blueberry and Ginger
- Hemp Seed and Toasted Coconut
“Since we are chocolate lovers ourselves, we set out to develop the healthiest chocolate available,” said Phil Cox, CEO and founder, Silver Fern Brand. “Cenavi is the real thing, with the best, most flavorful cocoa beans from around the world, and it tastes like the real thing. And even better, because its ingredients include Kakato, high fiber and probiotics, you could literally lose weight while eating it. You will feel like you are cheating, but you aren’t.”
In addition to Kakato sweetener, a natural prebiotic fiber sweetener with 0 grams of sugar, Cenavi is a source of Bacillus probiotics, which is known to create short chain fatty acids (SCFAs) that supercharge the body’s metabolism. It is a great companion for chocolate lovers following any diet plan, including the Silver Fern elevated plan. This is a free 7-step plan for boosting weight loss with the use of probiotics, high fiber, and low carbohydrates, developed in conjunction with microbiologist Kiran Krishnan.
Cenavi’s 70 percent dark chocolates are available now at silverfernbrand.com or amazon.com. Milk chocolates, and other products, will be available in 2017.
New Pepperidge Farm Milano cookies to get nationwide distribution
There's a new Pepperidge Farm Milano cookie coming to store shelves nationwide, and this one is perfectly suited for the cold winter months ahead.
According to the Connecticut Post, the company has launched Toasted Marshmallow Milano cookies at Target and plans to roll out the flavor to retailers nationwide in January.
Pepperidge Farm Executive Chef Christopher Tanner said the brand consistently works with consumers to "understand what new flavors and trends they would like to experience with our cookie." Current flavors include: mint, mocha, dulce de leche, salted caramel and lemon among others.
Read more about the new offering from Pepperidge Farm by clicking here.