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Atlantic Natural Foods acquires meal alternative lines from Kellogg
Atlantic Natural Foods has acquired the Loma Linda brand of canned shelf stable alternative meat analog products. ANF will also license the Worthington Foods brand and will transition these products to the Loma Linda brand in the near future. Both brands were previously marketed solely by Kellogg Company.
Atlantic Natural Foods has been the sole producer of these products since 2008. In addition, ANF also purchased Kellogg Company’s Kaffree Roma alternative coffee beverage unit.
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Costco sales rise in fourth quarter
Costco reported a rise in sales and same-store sales for the fourth quarter.
Net sales for the quarter were $34.75 billion, an increase of 9% from $31.77 billion in fiscal 2013. Same-store sales for the total company increased 6%, while U.S. same-store sales also rose 6%.
Net income for the quarter was $697 million, or $1.58 per diluted share, compared with $617 million, or $1.40 per diluted share, in the year-ago period.