food service industry

As the summer months are heating up, so too are Americans' appetites for dining out, going to the ballpark and attending multiday music festivals — activities almost unimaginable a year ago. Recent findings from a Morning Consult survey concluded that 66% of Americans would feel safe dining out...

If you are in the business of feeding assembled masses of people, what do you do if no masses assemble? In places where people gather in large groups, they often eat. And when big gatherings don't occur in an effort to slow the spread of a pandemic virus, whether at a stadium, a convention...

“We believe we have 58 percent market share in U.S. foodservice, which means that in six out of every ten restaurants you eat in you are drinking out of one of our products,” said Ken Boerger, vice president and treasurer of Libbey Inc. (NYSE: LBY). In an exclusive interview with Benzinga,...

A major consolidation in the food service industry, following word on Monday that Sysco Corp. (NYSE: SYY) would purchase rival US Foods. According to a press statement, Sysco will pay around $3.5 billion in cash and stock for US Foods, and will assume about $4.7 billion of US Foods' debt. The...