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Despite an expected sales boost, the cost of new cooler placements is anticipated to put further pressure on gross margins in 2026.
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The co-manufacturer of bakery and snacks plans to shutter the sites in Utah and Minnesota in the third quarter.
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The company plans to expand its Pleasant View, Utah, manufacturing facility, while closing its plant in Kent, Washington.
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Fredriksson, who has been at the helm of family-owned Löfbergs since 2021, will join Humble in September.
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Supply and sustainability challenges in chocolate are leading investment to pour into alternative cocoa-free ingredients.
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Analysts described the 7% second-quarter snacks margin as a “shock” and “alarming”.
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The US is Bel’s biggest market, accounting for a third of its revenue.
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Executives from Danone, Tine and Valio are set to speak at this year’s Dairy Innovation Strategies conference in the Dutch capital.
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