Bellisio Foods

BELLISIO FOODS EXPANDS FAST-GROWING BOSTON MARKET FROZEN RETAIL PORTFOLIO

Retrieved on: 
Thursday, March 14, 2024
Eating, Garlic, Innovation, Growth, Home, Vegetable, Mac, Research, Bellisio Foods, Cordon bleu (dish), Marketing, Boston Market, Snack, Family, Meal, Baking

MINNEAPOLIS, March 14, 2024 /PRNewswire/ -- Bellisio Foods, one of the nation's largest, most trusted frozen food companies, announced expansion of their frozen retail brand, Boston Market At Home, with the introduction of comfort-inspired Boston Market Sides, new entrees and an innovative snacking format.

Key Points: 
  • MINNEAPOLIS, March 14, 2024 /PRNewswire/ -- Bellisio Foods, one of the nation's largest, most trusted frozen food companies, announced expansion of their frozen retail brand, Boston Market At Home, with the introduction of comfort-inspired Boston Market Sides, new entrees and an innovative snacking format.
  • "Boston Market At Home has been serving favorite comfort tastes in convenient frozen meals to local grocery stores for years," said Nicole Grimmius, Vice President of Marketing and Innovation at Bellisio Foods.
  • Bellisio Foods is the long-standing owner of the Boston Market retail brand that includes all frozen retail items, comprising entrees, sides and snacks.
  • The thriving Boston Market frozen retail portfolio is operated separately from the restaurant brand and is available at grocery stores and retailers nationwide.

Farmer Brothers Names Terry O’Brien to Board of Directors

Retrieved on: 
Thursday, March 7, 2024
Farmer Brothers, Bellisio Foods, Mechanical, Tea, DSD, Dean Foods, Mechanical engineering, Business administration, American Italian Pasta Company, Coffee, Clarkson University, Food industry, Frito-Lay, Management

NORTHLAKE, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ: FARM), a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has appointed Terry O’Brien to its board of directors.

Key Points: 
  • NORTHLAKE, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ: FARM), a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has appointed Terry O’Brien to its board of directors.
  • Mr. O’Brien brings to the Farmer Brothers board more than three decades of experience in executive leadership in the food manufacturing industry, including overseeing successful financial turnarounds.
  • He currently serves as the Chief Executive Officer of Chef Holdings, the parent company to the country’s leading food manufacturers CTI Foods, LLC and Liguria Foods, LLC.
  • “We are incredibly pleased to have Terry join the board,” said Farmer Brothers Chairman of the Board David Pace.

The Simply Good Foods Company Reports Fiscal Fourth Quarter and Full Fiscal Year 2023 Financial Results and Provides Full Fiscal Year 2024 Outlook

Retrieved on: 
Tuesday, October 24, 2023
Adjustment, Derivative, International, Health, The Good Food Institute, Earnings per share, Bellisio Foods, Convenience, EBITDA, G&A, Accounting standard, GAAP, Acquisition, Interest, Debt, Internet, Advertising, Tax, Growth, EPS, Marketing, Depreciation, Overalls, Snack, Investment, IRI, Video game, Music, Pharmaceutical industry, Bookkeeping, Oil, Security (finance), Quest

Fourth quarter fiscal 2023 net sales growth of about 17% was in line with estimates.

Key Points: 
  • Fourth quarter fiscal 2023 net sales growth of about 17% was in line with estimates.
  • In the fourth quarter of fiscal 2023, total Simply Good Foods combined measured and unmeasured channel U.S. retail takeaway increased about 11%.
  • Gross margin was 37.6% in the fourth quarter of fiscal 2023 versus 37.1% last year, an increase of 50 basis points.
  • In the fourth quarter of fiscal 2023, the Company reported net income of $36.6 million compared to $30.1 million for the comparable period of fiscal 2022.

The Simply Good Foods Company Reports Third Quarter Fiscal Year 2023 Financial Results and Reaffirms Full Fiscal Year 2023 Outlook

Retrieved on: 
Thursday, June 29, 2023
Tax, Bellisio Foods, International, Interest, Marketing, Debt, Term loan, The Good Food Institute, Accounting standard, G&A, GAAP, Earnings per share, IRI, Derivative, Internet, EBITDA, Depreciation, Convenience, Growth, EPS, Health, Bookkeeping, Pharmaceutical industry, Recycling, Fast food, Coal, Publishing, Security (finance), Video game, Quest, Adjustment

“I’m pleased with our third-quarter financial and marketplace results that were greater than our expectations,” said Joseph E. Scalzo, Chief Executive Officer of Simply Good Foods.

Key Points: 
  • “I’m pleased with our third-quarter financial and marketplace results that were greater than our expectations,” said Joseph E. Scalzo, Chief Executive Officer of Simply Good Foods.
  • retail takeaway in the third quarter of fiscal 2023, in the U.S. combined measured and unmeasured channels increased about 11%.
  • In the third quarter of fiscal year 2023, total Simply Good Foods combined measured and unmeasured channel U.S. retail takeaway increased about 11%.
  • For the year-to-date third quarter fiscal 2023, the Company reported Diluted EPS of $0.96 versus $0.78 in the year ago period.

The Simply Good Foods Company Reports Second Quarter 2023 Financial Results and Updates Full Fiscal Year 2023 Outlook

Retrieved on: 
Wednesday, April 5, 2023
Tax, Advertising, Bellisio Foods, International, Interest, Marketing, Debt, The Good Food Institute, Accounting standard, G&A, GAAP, Earnings per share, IRI, Derivative, Internet, EBITDA, Investment, Depreciation, Convenience, Growth, EPS, Atkins, Health, Adjustment, Total, Bookkeeping, Coal, Pharmaceutical industry, Fast food, Security (finance), Publishing, Video game, Bank, Quest

In the second quarter of fiscal year 2023, total Simply Good Foods combined measured and unmeasured channel U.S. retail takeaway increased about 16%.

Key Points: 
  • In the second quarter of fiscal year 2023, total Simply Good Foods combined measured and unmeasured channel U.S. retail takeaway increased about 16%.
  • In the second quarter of fiscal 2022, Diluted EPS reflects the remeasurement of private warrant liabilities which did not repeat in the second quarter of fiscal 2023.
  • Year-to-Date Second Quarter 2023 Highlights vs. Year-to-Date Second Quarter 2022
    Net sales increased $19.5 million, or 3.4%, to $597.5 million.
  • For the year-to-date second quarter fiscal 2023, the Company reported Diluted EPS of $0.61 versus $0.40 in the year ago period.

PERISCOPE AFFIRMS TWO NEW LEADERSHIP APPOINTMENTS

Retrieved on: 
Monday, January 30, 2023
Effie Maud Aldrich Morrison, Molson Coors, SVP, The One Show, Leo Burnett, VMLY&R, Chicago, PEMCO, Favourite, Child, UnitedHealth Group, White, Olympic Games, Reverse, Starbucks, D, White House, Cannes Lions International Festival of Creativity, Clio Awards, Name, CPG, Fonte, EVP, Minnesota State Lottery, AR, Yellowstone National Park, Business, Veronica, The Coca-Cola Company, Senior, Bellisio Foods, Purina, Periscope, Design

MINNEAPOLIS, Jan. 30, 2023 /PRNewswire/ -- Award-winning, full-service advertising agency Periscope has inked two new leadership appointments that help underscore the company's renewed focus on elevating design excellence, increasing operational efficiencies and advancing client relationships. Annette Fonte has been named Senior Vice President, Business & Brand Leadership, while Veronica Padilla joins as Vice President, Head of Design. Both hires come on the heels of Periscope's updated mission to "See beyond the expected to build brands and impact communities in inventive ways."

Key Points: 
  • Annette Fonte joins as SVP, Business & Brand Leadership and Veronica Padilla as VP, Head of Design
    MINNEAPOLIS, Jan. 30, 2023 /PRNewswire/ -- Award-winning, full-service advertising agency Periscope has inked two new leadership appointments that help underscore the company's renewed focus on elevating design excellence, increasing operational efficiencies and advancing client relationships.
  • Annette Fonte has been named Senior Vice President, Business & Brand Leadership, while Veronica Padilla joins as Vice President, Head of Design.
  • At Periscope, Fonte will focus on advancing the agency's client partnerships, overseeing integrated marketing and cross-cultural engagement for a broad portfolio of brands including UnitedHealthcare, Bellisio, Minnesota Lottery, PEMCO and more.
  • "Many promise this, but I truly believe Periscope is geared up to deliver, and it's why I joined.

The Simply Good Foods Company Reports Fiscal First Quarter 2023 Financial Results and Reaffirms Full Fiscal Year 2023 Net Sales and Adjusted EBITDA Outlook

Retrieved on: 
Thursday, January 5, 2023
Adjustment, Depreciation, Convenience, Accounting standard, EBITDA, GAAP, The Good Food Institute, Bellisio Foods, Growth, Earnings per share, IRI, Interest, Investment, EPS, Internet, Tax, Derivative, Marketing, International, Bookkeeping, Fast food, Security (finance), Video game, Quest

Reaffirm fiscal year 2023 Net Sales and Adjusted EBITDA(4) outlook:

Key Points: 
  • Reaffirm fiscal year 2023 Net Sales and Adjusted EBITDA(4) outlook:
    “We are pleased with our fiscal first quarter financial and marketplace results in a challenging cost and operating environment,” said Joseph E. Scalzo, President and Chief Executive Officer of Simply Goods Foods.
  • Net price realization was about a 9.8 percentage point contribution to net sales growth and volume was off about 1.7 percentage points.
  • In the first quarter of fiscal 2023, total Simply Good Foods combined measured and unmeasured channel U.S. retail takeaway increased about 14%.
  • In a challenging economic environment, the Company believes it is well positioned to generate solid net sales and Adjusted EBITDA growth in fiscal 2023.

CPG Veteran Steve Young Joins Manna Tree as Managing Director

Retrieved on: 
Wednesday, September 21, 2022
Manna, Health, Longevity, Acquisition, Industry, The Non-GMO Project, Investment, Annie, Egg, IPO, General Mills, Leadership, Snack, Food, Yogurt, Charoen Pokphand Foods, Bellisio Foods, EVP, Renewable energy, Management, Agriculture, Young, Cheetah

VAIL, Colo., Sept. 21, 2022 /PRNewswire/ -- Manna Tree, a Colorado-based investment firm committed to improving human health through nutrition, today announced that Steve Young has joined the firm as Managing Director. A respected leader in the global food and beverage industry, Young brings with him over 25 years of food and beverage experience, working with both large companies as well as small emerging brands focused on health and wellness.

Key Points: 
  • Young brings over 20 years of operational excellence to the firm, with roles held at companies
    VAIL, Colo., Sept. 21, 2022 /PRNewswire/ -- Manna Tree, a Colorado-based investment firm committed to improving human health through nutrition, today announced that Steve Young has joined the firm as Managing Director.
  • "Steve and I first worked together when we were both on the board of Vital Farms and helped bring that company public.
  • He has a wide range of consumer food and beverage expertise, particularly in the natural and organic segment which is Manna Tree's sweet spot," said Brent Drever, President and Co-Founder of Manna Tree.
  • "Manna Tree's investment thesis lines up incredibly well with my background and experience, a reason why I was drawn to the opportunity to join Brent and the firm's management team," said Steve Young, Managing Director of Manna Tree.

WHITE CASTLE BITES BRING NEW CRAVEABLE SNACKS TO GROCERY STORES

Retrieved on: 
Thursday, September 15, 2022
Certification, Originality, Atkins, Charoen Pokphand Foods, Time, Theodore F. Craver Jr., All, Slider, Partnership, CMO, Program, CEO, Boston Market, Fast Company, Food science, Onion, Restaurant, Research, Snack, White Castle (restaurant), Fast food, Quest, Bellisio Foods, Cheeseburger, Bellisio Foods, Crave, COLUMBUS

MINNEAPOLIS and COLUMBUS, Ohio, Sept. 15, 2022 /PRNewswire/ -- White Castle Bites are the latest innovation in the grocery freezer aisle. Inspired by the iconic flavor of White Castle sliders, the new bite-sized snacks are made with 100% real beef and onions and wrapped in a crispy golden crust.

Key Points: 
  • "Castle Bites," in Hamburger and Cheeseburger Flavors, Available Nationwide in 2022
    MINNEAPOLIS and COLUMBUS, Ohio, Sept. 15, 2022 /PRNewswire/ -- White Castle Bites are the latest innovation in the grocery freezer aisle.
  • White Castle Bites are inspired by the iconic flavor of White Castle sliders with a crispy golden crust.
  • We're excited to build upon our partnership with White Castle, especially following the successful launch of the White Castle Chicken Rings at retail."
  • The White Castle frozen Sliders, Chicken Rings and, now, Castle Bites will be available nationwide.

WHITE CASTLE EXPANDS RETAIL FOOD OFFERING VIA PARTNERSHIP WITH BELLISIO FOODS; TO BRING ICONIC CHICKEN RINGS TO RETAILERS NATIONWIDE

Retrieved on: 
Wednesday, June 1, 2022
Charoen Pokphand Foods, Time, Sliders, CMO, Snack, Fast Company, CEO, Partnership, Meat, Chicken, Hope, Atkins, Restaurant, All Time Low (Jon Bellion song), Boston Market, Slider, Originality, Fast food, COLUMBUS, Quest, White Castle (restaurant), Bellisio Foods

MINNEAPOLIS and COLUMBUS, Ohio, June 1, 2022 /PRNewswire/ -- White Castle®, America's first fast-food hamburger chain and the retail leader in frozen Sliders, and Bellisio Foods, one of the nation's largest, most trusted frozen food companies, have announced a partnership to bring White Castle's popular Chicken Rings to retail outlets across the U.S.

Key Points: 
  • Made with tender, juicy white meat chicken and lightly breaded to perfection in a fun ring shape, White Castle Chicken Rings deliver bold, crispy taste.
  • White Castle, famous for its craveable portfolio of sliders and sides, celebrates its 35th birthday in retail this year.
  • White Castle Chicken Rings, the latest in White Castle's retail innovations, are also expected to be available nationwide.
  • White Castle and Bellisio Foods are exploring other grocery portfolio expansion opportunities and hope to announce more soon.