Peppermint-flavored Peeps are holiday stars
BETHLEHEM, Pa. Just Born recently introduced Peeps Marshmallow Peppermint-Flavored Stars.
The Peeps peppermint stars, the company’s first peppermint-flavored Peeps, are wrapped in red and white stripes and adorned with red sparkles. They are available in a nine-count package for a suggested 99 cents.
“For years consumers have requested a peppermint-flavored Peeps product,” said Kathy Bassininski, Just Born’s brand director. “This item delivers a perfect blend of peppermint taste and marshmallow texture in a popular symbol of the holiday season.”
Also available this holiday season are Peeps trees and Peeps snowmen, which retail for 59 cents for a three-count package and 99 cents for a nine-count package; Peeps cutouts, a six-count cookie-flavored item retail for 99 cents; and Peeps decorating kits, six-count holiday kits that retail for $1.99.
Pepsi Bottling Group signs letter of intent to acquire New York Bottling Co.
SOMERS, N.Y. The Pepsi Bottling Group on Tuesday announced that it has signed a Letter of Intent to acquire Pepsi-Cola Batavia Bottling Corp. and the transaction is expected to close during the first quarter of 2008.
The family-owned and -operated business based in Batavia, N.Y., is a Pepsi-Cola franchised bottler, serving New York’s Genesee, Orleans and Wyoming counties along with parts of Livingston, Alleghany and Cattaraugus counties. It was founded in 1890 and is currently owned by Thomas and John Houseknecht. Terms of the transaction were not disclosed.
“We are pleased that Pepsi Batavia will join PBG, the largest Pepsi-Cola bottler in the world,” stated Tom and John Houseknecht. “We are confident that PBG will continue to provide the level of service and support that our employees and customers have come to expect from our company.”
The Houseknecht family will continue to own and operate Loose Ends Vending.
Diamond announces record Q1 results
STOCKTON, Calif. Diamond Foods, a leading branded food company specializing in processing, marketing and distributing snack products, on Monday reported record financial results for its fiscal 2008 first quarter.
Net sales increased 9 percent to $184.5 million for the three months ended Oct. 31, 2007, compared to $169.5 million for the three months ended Oct. 31, 2006. GAAP diluted earnings per share was $0.52 compared to $0.61 for the prior year’s comparable period. EPS for the quarter increased 8 percent compared to the 2007 first quarter non-GAAP EPS of $0.48. Non-GAAP EPS for the prior year excludes a gain of $0.11 per share from the curtailment of a pension plan, and a net gain of $0.02 per share principally related to closing and selling a production facility and consolidating operations in another facility.
The total sales exceeded the target of $170 million to $180 million. Additionally, Diamond’s snack sales in U.S. food stores grew 28 percent during the 12-weeks ended November 4, 2007, 10 times faster than the category, bringing Emerald’s share of the snack nut market to 4.6 percent. Emerald’s share of tree nuts grew to 5.6 percent during this period.
“We are off to a strong start in fiscal 2008,” said Michael J. Mendes, President and chief executive officer. “We were able to successfully increase prices in this high input cost environment, enabling Diamond to beat its estimates while investing in our brands.”
For the three months ending Jan. 31, 2008, Diamond expects net sales of between $130 million and $140 million and an EPS of between $0.12 and $0.17.