Concord Foods previously was owned by Arbor Investments.

Terms of the acquisition were not disclosed. 
 

Part of Nutralys portfolio.

Impairment charge contributed significantly to fiscal 2023 loss.
 

Company is guiding a weaker-than-expected second half of the fiscal year.

Conflicts in the Middle East and a slow recovery in China seen impacting revenues the rest of the fiscal year.

Plant-based and menu refreshes also predicted.

Intention is to give the company a strong position in customizable beverages.

Company is still trying to crack the afternoon daypart code.

Hostess acquisition seen boosting company sales by $650 million during the rest of fiscal 2024.