Smithfield Foods has reported net income of $37.3m or $0.22 per diluted share for the third quarter ended January 31, 2010 compared to net loss of $105.7m or $0.74 loss per diluted share for the prior year quarter. Sales for the quarter were $2.88bn compared to $3.35bn for the same quarter previous year.
Superior Farms has introduced new 'Mediterranean Grill' product line with lamb to retail for under $10. The new items include: Mediterranean burger patties, Seasoned lamb and beef kabobs, Seasoned lamb leg steaks, Seasoned grill-ready leg roast.
HIG Capital, a private equity investment firm, has acquired Albertville Quality Foods ('AQF') and Southern Quality Meats ('SQM'). Both the companies said that they will provide specialized further processing services for protein-based products.
Sino Agro Food, an organic food company with subsidiaries operating in China, has secured downstream processing and slaughter house facilities for its beef cattle operations.
Whataburger Restaurants, a Texas based burger maker, has launched its new Grilled Chicken Melt sandwich. The limited time menu item is available through April 12.
BJ's Restaurants has introduced new 'Snacks and Small Bites' category, along with five new lunch items, as a part of a companywide update to its menu offerings.
