Canned Tuna and More Earnings

Welcome back Food Junglers. Earnings season is coming to a close for food companies, so we’re just covering the finishing touches. Elsewhere, bird flu is starting to worry me a little. Let’s dig in.

THE BREAKDOWN…

📈 Coca-Cola reported quarterly earnings and revenue that topped analysts’ expectations, as global demand for its drinks rose.

📈 DoorDash topped analysts' estimate for quarterly revenue and total orders, as customers turned to its online platform to buy everything from food and groceries to alcohol during the holiday season.

📈 Burger King owner, Restaurant Brands International, beat fourth-quarter profit and sales estimates, as promotions boosted performance.

📉 Nestlé reported its weakest annual organic sales growth in more than a quarter of a century, hit by a consumer pullback.

☕️ A surge in the cost of trading arabica coffee has exacerbated a rally that has already driven prices for raw, unroasted beans to 14 successive records over the last three weeks.

⛑️ The United Nations World Food Programme said one of its staffers has died in a Yemeni prison three weeks after his detention by Houthi rebels.

🛍️ Whole Foods, the Amazon-owned grocery chain, has asked the National Labor Relations Board to overturn a union victory at a Philadelphia store.

🍦 Ben & Jerry's maker Unilever has chosen Amsterdam over London and New York as the primary listing for its ice cream business.

🐠 Certain canned tuna products sold in the US are being recalled due to botulism concerns, according to a notice posted Monday by the U.S. Food and Drug Administration.

🤑 Deliciously Ella founder Ella Mills has bought plant-based ready meal brand Allplants out of administration, set to become part of her Plants business.

⚖️ The Missouri Attorney General has sued Starbucks for discrimination because its workforce has “become more female and less white”.

🍳 With bird flu killing millions of egg-laying chickens, prices surged more than 15% in January from a month earlier, the biggest jump since 2015.

🛵 Uber sued DoorDash, accusing its biggest food-delivery rival of anticompetitive practices that jack up costs for restaurants and consumers.

🐄 Three dairy veterinarians in the US had recent, undetected bird flu infections, according to a new study from the Centres for Disease Control and Prevention.