1,408 results in the archive - showing page 1 of 47

Danone on "low start", fresh dairy challenges, new organisational structure - four things to learn from Q1 update 25 Apr 2017

Column: On the money

Danone's first-quarter update hit its shares - and it is likely the fall in its stock price was only part due to the numbers. The French yogurt maker reported meagre like-for-like sales growth as its challenges in fresh dairy continued. The company upped its forecast for its annual underlying earnings but still its shares declined, with some analysts frustrated at the way Danone plans to report on its new asset, WhiteWave Foods.


Nestle on margins, SE Asia growth, Americas challenge - four things to learn from Q1 update 24 Apr 2017

Column: On the money

The rate at which Nestle's organic sales rose in the first quarter of 2017 was the slowest this century but the results, issued on Thursday, were dampened by calendar effects and were a tick above analyst expectations. Dean Best reports on the key takeaways from the figures and from Nestle's discussions on the numbers with analysts.


Post Holdings discusses rationale for Weetabix - five things to learn 20 Apr 2017

Column: In the spotlight

Post Holdings, the US food group, was this week announced as the new owner of Weetabix, the UK-based breakfast cereal business. The GBP1.4bn deal sees Post, one of the major cereal companies in the US, take on one of the leading players in the sector in the UK but one seeing muted growth in a challenging market – and a business seen to have hardly prospered under the ownership of China’s state-backed giant Bright Food. Post discussed its move with Wall Street analysts on Tuesday and Dean Best presents the key takeaways.


Who could buy Danone's Stonyfield business? - analysis 17 Apr 2017

Column: Deal or no deal

Danone said yesterday (12 April) its acquisition of natural food company WhiteWave Foods was final. The announcement comes less than two weeks after the French group revealed it was putting its US Stonyfield organic dairy brand up for sale in exchange for gaining local regulatory approval for the WhiteWave deal. just-food's US columnist Victor Martino looks at the would-be acquirers for Stonyfield. 


Unilever’s latest blueprint contains no huge surprises. Yet - editor's viewpoint 7 Apr 2017

Column: Editor's viewpoint

Unilever announced the fruits of its business review - convened after the company brushed off interest from Kraft Heinz - yesterday (6 April). The Knorr and Magnum maker set out a measured plan, which included the wise decision to leave the spreads business. But could bolder action be on the horizon in the longer term? Dean Best reports.


Which companies could be eyeing up Reckitt Benckiser's condiments? - analysis 5 Apr 2017

Column: Deal or no deal

Reckitt Benckiser, the UK consumer goods group behind brands including Durex condoms and Flash bleach (and, soon, Enfamil infant formula) looks set to sell off its food division. The company this week announced it would hold a "strategic review" on the "non-core" unit, which contains brands including French's mustard and Frank's Red Hot sauce. If RB parts company with the unit, a move analysts regard as a consequence of the group's focus on "consumer health", which companies may be interested in its condiments? John Shepherd looks at which suitors could be keen as mustard - and why.


Uncertainty reigns but UK exporters facing Brexit pragmatically - column 30 Mar 2017

Column: In the spotlight

The UK has triggered Article 50 of the European Union’s Lisbon Treaty, so formally firing the starting gun on its departure from the 28-member bloc. Brexit is the most important political and economic event in the UK for a generation and has divided the country. A majority of the UK’s food sector wanted to stay in the EU and have significant concerns about the post-Brexit future. However, increasingly, businesses are acquiring a pragmatic view about the future – with some real anxieties remaining but a recognition opportunities could be seized – a stance heard last week at the IFE trade show in London. Dean Best reports.


Uncertainty reigns but UK exporters facing Brexit pragmatically - column 30 Mar 2017

Column: Editor's viewpoint

The UK has triggered Article 50 of the European Union’s Lisbon Treaty, so formally firing the starting gun on its departure from the 28-member bloc. Brexit is the most important political and economic event in the UK for a generation and has divided the country. A majority of the UK’s food sector wanted to stay in the EU and have significant concerns about the post-Brexit future. However, increasingly, businesses are acquiring a pragmatic view about the future – with some real anxieties remaining but a recognition opportunities could be seized – a stance heard last week at the IFE trade show in London. Dean Best reports.


What could the chocolate industry's plan to end deforestation look like? - analysis 23 Mar 2017

Column: Sustainability Watch

Twelve chocolate and cocoa companies, including Nestle, Mondelez International, Hershey last week announced plans to work together to "end deforestation and forest degradation in the global cocoa supply chain", focusing initially on Côte d'Ivoire and Ghana. Ben Cooper speaks to industry and campaign representatives to set out what that plan could look like.


General Mills sales woes continue - analysis 22 Mar 2017

Column: On the money

General Mills this week reported another quarter of falling sales, leading industry watchers to wonder if the US food giant will lessen its focus on its margin target but, more critically, whether the company can revitalise its top line. Hannah Abdulla reports.


General Mills sales woes continue - analysis 22 Mar 2017

Column: In the spotlight

General Mills this week reported another quarter of falling sales, leading industry watchers to wonder if the US food giant will lessen its focus on its margin target but, more critically, whether the company can revitalise its top line. Hannah Abdulla reports.


Why Fairtrade can still be watchful partner for food companies 13 Mar 2017

Column: Consuming issues

Mondelez International's decision to change the way it works with Fairtrade sparked questions about the future of the ethical certification. just-food contributing editor Ben Cooper argues Fairtrade still has a role to play for food companies looking to source more sustainably.


What next for Unilever after Kraft Heinz's approach? - analysis 2 Mar 2017

Column: In the spotlight

Less than three days was all it took for Kraft Heinz's GBP112bn (US$139.1bn) takeover approach to Unilever to become public, be rejected and subsequently taken off the table. The attempt is likely to have some significant and far-reaching consequences for Unilever. Here, just-food takes a look at the impact the episode could have on the Dove-to-Knorr manufacturer.


Maple Leaf Foods latest meat giant to get taste for meat-free - analysis 27 Feb 2017

Column: In the spotlight

It was Maple Leaf Foods' first major acquisition for over a decade and one very much in tune with one of the key trends in the North American marketplace. The Canada-based meat giant has become the latest in the sector to invest in the growing meat-free industry, snapping up US firm Lightlife Foods. Dean Best looks at the deal.


Danone looks for "strong, profitable" growth - 8 things to learn from CAGNY 2017  24 Feb 2017

Column: In the spotlight

Danone focused much of its presentation at this week's Consumer Analyst Group of New York conference on its plans for the US. The French group generates around 13% of its sales in North America and believes there is ample room to grow. Danone also touched on its goals for 2020 and its cost-cutting drive and last week's move to "decouple" the group's aims to improve efficiency and increase sales. Here are the eight key takeaways from the event. 


General Mills' plans to revive sales – 7 things to learn from CAGNY 23 Feb 2017

Column: In the spotlight

General Mills last week lowered its already weak forecast for its annual sales due to lower-tha-expected sales in US yogurt and soup. Unsurprisingly, then, the US food giant's efforts to reinvigorate its top line were the primary focus of its presentation at this week's Consumer Analyst Group of New York investor conference. Here are just-food's key takeaways from the event.


Does Kraft Heinz want to swallow Unilever whole? 17 Feb 2017

Column: In the spotlight

Kraft Heinz's takeover bid for Unilever came as something of a shock today – not least because of the seeming unlikely pairing of the 3G Capital-owned US group with the European food-to-personal care company. just-food asks whether the takeover offer should be taken at face value. 


Nestle's plans for 2017 and beyond under new CEO Mark Schneider – 5 things to learn 16 Feb 2017

Column: In the spotlight

Announcing's Nestle 2016 results today (16 February) newly-installed CEO Mark Schneider revealed growth at the Swiss food giant came in below expectations. All eyes are now on Nestle's direction under Schneider, who joined the business at the start of this year. Will there be a greater focus on margin enhancement? Has Schneider totally abandoned the 'Nestle model' targeting 5-6% organic growth each year? Could large-scale acquisitions or disposals be on the cards? Katy Askew investigates. 


Will Kellogg's DSD exit help it grow in US snacks? - analysis 15 Feb 2017

Column: On the money

Kellogg's decision to end the direct store delivery (DSD) of its snacks in the US is expected to give the company's profitability some momentum, with the Cheez-It owner saying the move would leave it better placed to grow revenues from that part of its business. However, the Pringles maker faces an uphill challenge to turn around declining sales trends. Katy Askew reports. 


Why Reckitt Benckiser has moved for Mead Johnson - analysis 10 Feb 2017

Column: In the spotlight

Mead Johnson has been the subject of takeover talk ever since it was spun-off from pharma group Bristol-Myers Squibb in 2009. Today's (10 February) news that the board of the US infant formula business has backed a potential sale came as little surprise - but what has raised eyebrows is the seemingly unlikely source of interest, UK condom-to-cleaning product provider Reckitt Benckiser. Katy Askew looks at the potential deal.


Is Mondelez's margin target hurting sales? – analysis  9 Feb 2017

Column: On the money

Mondelez International has delivered a lacklustre set of 2016 numbers but the snacks giant, which has been buffered by a challenging operating environment, stressed it continues to improve adjusted operating margins. With the entrance of 3G Capital into the food sector, margins have become a key metric for a number of the major names in the industry but Mondelez's results left some wondering if a focus on margins can hamper top-line growth. Katy Askew reports.


Is Mondelez's margin target hurting sales? – analysis  9 Feb 2017

Column: In the spotlight

Mondelez International has delivered a lacklustre set of 2016 numbers but the snacks giant, which has been buffered by a challenging operating environment, stressed it continues to improve adjusted operating margins. With the entrance of 3G Capital into the food sector, margins have become a key metric for a number of the major names in the industry but Mondelez's results left some wondering if a focus on margins can hamper top-line growth. Katy Askew reports.


Hershey's 2016 results and 2017 outlook - 5 things to learn 7 Feb 2017

Column: On the money

Hershey's 2016 results and 2017 outlook, issued on Friday (3 February), suggested both a stronger finish to the year than the preceding nine months had suggested and confidence on this year's earnings above that seen on Wall Street. Nevertheless, analysts still had questions on Hershey's earnings expectations, on its performance in China and on its plans for its cost structure. Dean Best reports.


Cloetta defends share in stagnant markets – 6 things to learn  1 Feb 2017

Column: On the money

Cloetta, the Swedish snack maker, reported a loss for 2016 this morning (1 February) primarily due to an impairment charge related to its Italian business. Speaking to analysts during a conference call, however, management was upbeat on the progress it has made in strengthening profitability. Cloetta said it hopes to continue to expand its margins over the coming 12 months and revealed that it wants to grow sales – both organically and through M&A – during 2017. Here are the key takeaways from Cloetta's 2016 results.


US food industry hesitant amid Trump's dizzying pace - comment 31 Jan 2017

Column: Consuming issues

Donald Trump's first 11 days in the White House has seen a series of executive orders and, while some have provoked a storm of global headlines, the US food industry is trying to digest what impact the new President could have on the sector. As Ben Cooper writes, so far, the US food industry has been reluctant to comment but that may soon have to change.


Who will have their Weetabix? - analysis 31 Jan 2017

Column: Deal or no deal

Almost five years after Bright Food snapped up a majority stake in Weetabix, the state-backed Chinese group is said to be looking to offload its shares in the UK-based breakfast cereal business. Speculation started before Christmas and, although Bright Food sought to cool the chatter, the rumours have intensified, with four bidders apparently preparing to table offers. Dean Best surveys the purported runners and riders.


Unilever's plan to grow in 2017 – 6 things to learn 26 Jan 2017

Column: On the money

Unilever delivered sluggish sales but stronger-than-expected margins when it reported its full-year results today (26 January). The company's revenue was buffeted by issues like demonetisation in India and economic crisis in Brazil during the tail-end of 2016. While management believes such headwinds will lead to a slower start to 2017 - an outlook that hit Unilever's shares today - the group does expect things to pick up as the year progresses. just-food take a look at Unilever's strategy for growth this year.


Could Aryzta's profit warning herald change at the top? - analysis 25 Jan 2017

Column: On the money

The pressure on Aryzta has grown this week after the Switzerland-based bakery giant issued a surprise profit warning, sending its shares tumbling and sparking speculation about the future of the company's senior management. Dean Best reports.


Why - as it stands - takeover of Mead Johnson is unlikely 24 Jan 2017

Column: In the spotlight

A new year, re-heated M&A speculation. Takeover talk is again centred on US-based infant formula group Mead Johnson, often seen as a target since it was spun off by pharma group Bristol-Myers Squibb in 2009. In the past, the chatter has focused on whether Danone would buy the Enfamil maker. Now, Nestle is in the spotlight. However, as Dean Best reports, such a deal looks unlikely - and, at present, the prospect of other suitors coming in appears just as slim.


How B&G Foods is balancing growth and decline – 5 things to learn  20 Jan 2017

Column: In the spotlight

Acquisitions have enabled B&G Foods to rapidly scale up in recent years. The company has grown from sales of around US$600m in 2012 to a forecast of $1.6bn in 2017. Two large-scale deals have boosted B&G: Green Giant in 2015 and ACH Foods last year. However, B&G's underlying sales have not been strong. The group's smaller brands, which generate annual sales in the region of $500m, have struggled. Even Green Giant is a brand that has been in decline for years.  At the ICR investor conference in Florida last week, CEO Bob Cantwell outlined how the company intends to continue to grow in 2017 and beyond.

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