business news in context, analysis with attitude

•  Gordon Food Service announced that "it will open six new Gordon Food Service Stores in the greater Houston area to serve local restaurants, food operations and the public. The new Gordon Food Service Stores are the first Texas locations and the most opened by the company at one time."

Gordon Food Service describes itself as "the largest family-operated broadline food distribution company in North America … primarily designed to provide chef-quality food products to restaurant owners and foodservice professionals of all types," as well as "cater to home shoppers with an assortment of packaged and fresh produce and goods."

•  The Wall Street Journal reports that Honda Foods "plans to shut down two of its poultry plants and lay off nearly 1,700 workers as it tries to improve its chicken operations that produce about one-fifth of the U.S. supply … The Springdale, Ark.-based meat company said production would be shifted to other Tyson plants. The company said the closures were part of a broader plan in its chicken division to improve operations and use full available capacity at each plant."

The story points out that "Tyson reported last month its biggest percentage drop in quarterly profit in over a decade. Its long-dominant chicken business is under increased pressure as the company’s profit margins fall from historic highs during the pandemic."