Taken to task
At its annual shareholder meeting Thursday, McDonald’s once again faced criticism that it is a purveyor of junk food that markets to children.
The world’s biggest hamburger chain has been looking to keep up with changing tastes as people increasingly look for foods that they feel are fresh or healthy. Customers can now order egg whites in its breakfast sandwiches, for example.
But at its shareholder meeting, McDonald’s was taken to task about its menu and marketing toward kids by speakers associated with an advocacy group.
Snapple founder dies
Leonard Marsh, the co-founder of the Snapple beverage brand, has died at age 80.
Snapple was founded in New York as Unadulterated Food Products in 1972, selling natural fruit juices to health food stores. Marsh started the business with his brother-in-law Hyman Golden and his childhood friend Arnold Greenberg. The now well-known brand name didn’t appear until 1980. Marsh was a window washer when he launched the business and ultimately served as Snapple’s CEO for many years.
The Dr Pepper Snapple Group Inc. of Plano, Texas, now owns Snapple. It confirmed Marsh’s death.
Awash in dollars
Discount retailer Dollar Tree said its net income increased 15 percent in the first quarter as consumers spent more at its stores, which sell goods for $1 or less.
Revenue rose 8 percent. CEO Bob Sasser said he thinks Dollar Tree is “more relevant than ever” as consumers’ economic concerns persist and they are burdened with higher taxes, high unemployment and stubborn gas prices.