Whole Foods rallies behind Oregon’s Measure 92
PORTLAND, Ore. — Whole Foods Market announced support of Oregon's Measure 92, which requires mandatory labeling of raw and packaged foods containing genetically modified organics by Jan. 1, 2016. More than 155,000 Oregon residents signed the petition to get Measure 92 on the ballot this November, the company said.
"At Whole Foods Market, we believe consumers have a fundamental right to know what's in their food so that they can make informed choices about what's right for them and their families," said Joe Rogoff, Whole Foods Market's regional president of the Pacific Northwest. "We label ingredients, we label allergens, we label nutrients, and we label countries of origin. Why wouldn't we also require labeling for genetic modification? The time has come for the people of Oregon to let their voices be heard and make a change."
Whole Foods Market has eight stores and one mobile grocery location in the state of Oregon. In March 2013, it became the first national grocer to set a deadline for full GMO transparency.
Nail Media Group rebrands as Nail Marketing 360
STAMFORD, Conn. — Nail Media Group announced its new name, Nail Marketing 360. According to the company, this rebranding reflects the wide range of marketing services the agency has provided in recent years to better accommodate the growing needs of its clients.
“When Nail Media Group opened in 2001, our focus was on providing national brands seasoned leadership in media planning and buying,” said Jack Nail, founder of Nail Marketing 360. “Our name change is simply a reflection of our growth and the number of marketing and advertising services our agency has been providing for years to better serve our clients.”
Nail Marketing 360 is a full-service integrated marketing agency providing comprehensive services ranging from brand strategy, media strategy, planning & buying, creative development and fully integrated promotions.
AmerisourceBergen sees ‘strong performance’ for Q3
VALLEY FORGE, Pa. — AmerisourceBergen on Thursday reported increased revenue of $30.3 billion for third-quarter 2014 ended June 30, a 39% increase. Adjusted diluted earnings per share from continuing operations increased 29.5% percent to $1.01.
“We delivered very strong performance in our June quarter, driven by the onboarding of substantial new business, and excellent operational and financial results,” said Steven H. Collis, AmerisourceBergen president and CEO. “In addition, we made important progress with our strategic objectives, and continued to make significant long-term investments in our business. We finalized our agreement to acquire a minority stake in Profarma Distribuidora de Produtos Farmacêuticos S.A., and launched the specialty joint venture in Brazil. We generated substantial free cash flow, continued to take steps to improve our balance sheet, and positioned ourselves well to meet or exceed our financial objectives for the full fiscal year.”
The company also reported that:
- Gross profit was $822.7 million, a 21.2% increase over the same period the previous year;
- Operating expenses were $429.2 million, up 17.2% over the same period last year;
- Operating income totalled $393.5, up 26% from the prior year;
- An effective tax rate of 38%, which the company said is slightly higher than the previous year; and
- Shares outstanding were 230.7 million, which is a decrease of 2.1% from the previous year.