Sluggish consumer demand ate into IFF volume numbers in the third quarter ended Nov. 30. Volume was challenged in two IFF segments, Nourish and Health & Biosciences, said Glenn Robert Richter, chief financial officer, in a Nov. 8 earnings call.
“Sustainability is a driving force both of our purpose and our growth strategy,” said Juan R. Luciano chairman, chief executive officer and president of ADM, in an Oct. 25 conference call with analysts to discuss the company’s third-quarter financial performance.
Beyond Meat, Inc. is laying off approximately 19% of its workforce and has further reduced its fiscal 2022 sales outlook to a range of $400 million to $425 million. The company is scheduled to release its third-quarter financial results on Nov. 9.