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Israeli foodmaker Strauss Group said on Thursday its subsidiary Sabra Dipping Co has seen its sales restored to levels before it issued a recall of its spreads in November. Sabra, a 50-50 joint venture with PepsiCo Inc, has a 60 percent share of the hummus market in the United States. The recall and regaining of sales will have a one-time impact of an additional $5 million on the company's pretax profit, Strauss, a maker of snacks, fresh foods and coffee, said in a statement.
Categories: Yahoo FinanceGet free summary analysis Strauss Group Ltd. reports financial results for the quarter ended March 31, 2017. We analyze the earnings along side the following peers of Strauss Group Ltd. – Farmer Bros. Co., Hershey Company and PepsiCo, Inc. (FARM-US, HSY-US and PEP-US) that have also reported for this period. Highlights Summary numbers: Revenues of ... Read more (Read more...)
PETACH TIKVA, Israel, May 29, 2017 /PRNewswire/ -- The stellar results were driven by continued strong performance at Strauss Israel and Strauss Coffee and improvement in the results of Strauss Water; ...