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Coca-Cola said it already has taken a number of steps, including product and packaging innovations such as smaller portion sizes through the expansion of mini-cans in the U.S., Australia, Canada, Korea and Thailand.
Corn Products International Inc. posted a better-than-expected quarterly profit for the second time in a row as it hiked prices to protect margins, and the company forecast full-year 2012 revenue above Wall Street expectations.
General Mills is reporting net income slipped 28% in the second quarter, pressured by rising costs and some charges, but revenue jumped by double digits.
Z Trim Holdings Inc, announced the formation of a board of advisors to “assist management and its board of directors in strategic planning and business development initiatives.”
Hormel Foods Corp.’s fiscal fourth-quarter profit slipped 3% as weak sales and higher ingredient costs hurt the maker of Spam, Dinty Moore stew and other packaged food brands.