On the money

On the money

Food companies discuss and dissect their latest results.



On the money: Why Nestle is relaxed about the China "drag" 17 Oct 2014

Nestle's sales for the first nine months of 2014 have missed analyst expectations and the investment community pointed to China as a key factor. However, the world's largest food manufacturer, while noting the short-term challenges it sees in the market, is upbeat about its prospects.


On the money: PepsiCo's "disciplined" response to Frito-Lay market share squeeze 10 Oct 2014

Frito-Lay, the North American snack business of PepsiCo, is responding to the slow erosion of its market share in a "disciplined" way, while also innovating to fend off competition from premium players,its management has insisted.


On the money: Diamond's faith in on-trend portfolio 26 Sep 2014

Diamond Foods expects to return to profitability in its new financial year, pointing to the benefit of an on-trend product portfolio in the US, improved walnut supply and reduced financial costs.


On the money: ConAgra confident private-label will improve 19 Sep 2014

After a challenging previous financial year, ConAgra Foods yesterday (18 September) reported on the first three months of its new fiscal period. Shares in the US food group rose as it reported underlying earnings that beat Wall Street forecasts and stuck to its expectations for annual earnings - notable after 12 months that included three profit warnings.


On the money: City has faith in UK meat firm Hilton 9 Sep 2014

Shares in Hilton Food Group, the UK meat supplier, took a hit today (9 September) after the company issued a note of caution about its near-term outlook. However, in the main, City analysts believe in Hilton's fundamentals.


On the money: Mengniu brushes off concerns with "star" brand focus 28 Aug 2014

China's largest dairy manufacturer China Mengniu Dairy has shrugged off investor concerns over margin pressure, insisting its strategy to raise investment behind "star" and growth brands will improve the group's long-term profitability profile. Katy Askew reports.


On the money: Hain Celestial eyes distribution gains, NPD for growth 20 Aug 2014

Hain Celestial, the US natural and organic food group, has indicated it expects to drive continued organic growth in the coming year - even as it laps tough comparables - by expanding distribution and leveraging its innovation pipeline in the US and internationally.


On the money: Solid Lindt outpaces chocolate peers 19 Aug 2014

Lindt & Sprungli, the upmarket Swiss chocolate group, today (19 August) underlined why it is a business seen as one of the better performers in the sector.


On the money: Flowers looks to soothe market after forecast cut 13 Aug 2014

Shares in US bakery group Flowers Foods sank yesterday after it cut its earnings forecast for 2014 - but the company immediately sought to soothe investor concerns by looking to its longer-term prospects.


On the money: Where will acquisitive Saputo find its next M&A target? 5 Aug 2014

Canadian dairy group Saputo is continuing to examine further M&A opportunities even as it digests recent acquisitions including Australia's Warrnambool Cheese and Butter Factory and the Atlantic Canada fluid-milk business of Scotsburn Cooperative Services. Katy Askew reports.


On the money: Kellogg still struggling with cereal 1 Aug 2014

Breakfast is still proving to be a challenge for Kellogg, which cut its forecasts for annual sales and earnings after reporting lower revenues and profits for the second quarter.


On the money: Pricing, promos pinch Kraft results 1 Aug 2014

Kraft Foods Group's moves to up prices on certain products - and a step-up in its promotional activity in other areas - combined to put pressure on the US food company's results in the first half of the year.


On the money: India's ITC sets out FMCG ambition 31 Jul 2014

Indian conglomerate ITC this week reported losses from its FMCG arm, as well as a slowdown in sales, but the company's has big ambitions for its consumer goods business.


On the money: Unilever NPD shifting food into category growth spots 25 Jul 2014

Unilever hopes to rejuvenate its lacklustre food sales in developed markets by using innovation to move its brands into the growth spots of its mature categories.


On the money: Hershey CEO: NPD pipeline will offset pricing volume drag 25 Jul 2014

Hershey has expressed confidence its planned innovation pipeline will deliver growth in the longer term, even if its latest price increase may hit volumes initially.


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