Overall income at ADM climbed 11% in the first quarter of fiscal 2023.

Earnings remained strong in the third quarter of fiscal 2023 at Ardent Mills, though growth in profits slowed from a year earlier.

Improving profit margins are allowing executives of Conagra Brands, Inc. to reignite product innovation efforts.

IFF recommends company shareholders do not tender their shares in response to an unsolicited mini-tender offer from TRC Capital Investment Corp. to purchase up to 1.5 million shares of IFF’s common stock.

Asked about trends in private label bread sales, Fred Penny, president of BBU, began by affirming the important role store brands play in the bread category as well as “in multiple food categories.”

Key strategic accomplishments across the business, particularly the company’s progress on productivity and innovation objectives, lifted fiscal 2022 earnings and revenues at ADM, said company executives.

The company’s gross margin rose 310 basis points to 28.2% during the quarter and management is guiding healthy gross margins in the quarters ahead.

Hormel Foods Corp. will increase advertising spend on its turkey portfolio in fiscal 2023 after raising prices in fiscal 2022. Highly pathogenic avian influenza (HPAI) should continue to impact the turkey category negatively in the next fiscal year, but to what degree remains unknown.

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.

Despite halting production at its Wieze plant in Belgium after discovering salmonella in a production lot on June 27, Barry Callebaut AG achieved volume growth of 5.3% in the 2021-22 fiscal year.