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Food News: Bud sales fizzle

January 21,2018-

Bud Sales Fizzle

Screen Shot 2018-01-21 at 2.58.04 PMBudweiser volume sales decreased 5.9 percent through November 2017 according to Chicago-based market research firm IRI Worldwide. in 2016 Bud sales in reached 14.4 million barrels — less than a third of the brand’s peak.
Meanwhile Mexican beers sales continue strong.Constellation Brands reported third-quarter income of $491.1 million, up from $405.9 million a year ago, according to a company release. Led by the Modelo and Corona brands, Constellation beer sales, which make up more than half of the company’s total sales, increased by 8% during the latest quarter.

Soft Drink Sales Flat

Meanwhile Beverage Digest says Increasing competition from “soda alternatives” and a growing antipathy toward sugar have led to 13 straight years of volume decline for carbonated soft drinks.

Central Valley Grapes Growers Pull 11,000 Acres

According to Allied Grape Growers -i n the months following the 2017 harvest shows some 11,000 grape acres have been removed from the Central Valley since the harvest 2017, approximately a third to a half are winegrapes.

Who Wants A Fake Egg?
From TheStreet

Yes, fake eggs in the fast-food industry is far from being fake news. It’s very real.

Panera Bread said Friday that it has petitioned the Food and Drug Administration (FDA) to establish a clear definition for the term “egg.” In whipping up its latest breakfast sandwich, Panera said it discovered that current FDA regulations do not establish a definition of what constitutes an egg. As a result, companies can sell and advertise alleged eggs that contain additives such as butter flavors, gums and added color.

According to research done by Panera, about 50% of the top 10 fast-casual restaurants that sell breakfast have an egg made of at least five ingredients, or more.

For its part, Panera already uses freshly cracked eggs to make its sandwiches. So does rival McDonald’s (MCD – Get Report) for its popular Egg McMuffin. One fake egg offender is Starbucks, per Panera’s research. In the coffee giant’s sausage cheddar and egg breakfast sandwich, Panera tallied the use of 16 ingredients.

Meanwhile, the egg in the double-smoked bacon, cheddar and egg sandwich is made of “egg whites, egg yolks, milk, food starch- modified, salt, citric acid,” according to Starbucks’ nutrition site.

A Starbucks spokeswoman didn’t immediately return a request for comment on if the coffee chain uses 100% eggs.

Panera Bread’s new CEO Blaine Hurst told TheStreet he is eager to see if the new campaign spurs others to change. For the sake of all our stomachs, hopefully it does.

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