On the money

On the money

Food companies discuss and dissect their latest results.



On the money: Can Danone build growth in fresh dairy? 20 Feb 2015

Danone's fresh dairy sales struggled throughout 2014. Nevertheless, as the world's largest dairy manufacturer, the company believes it can lead the category back to growth in stagnant markets like Europe and the US. Katy Askew reports.


On the money: No quick wins for Kellogg 13 Feb 2015

Kellogg appeared to be getting real yesterday and slashed long-term sales targets, following yet another set of disappointing numbers that suggested the road to recovery for its core cereal category could be a long one.


On the money: PepsiCo managing its way through "volatile market" 11 Feb 2015

With its exposure to volatile currencies and growing instability in developing countries, PepsiCo saw macro-economic issues weigh on its top-line performance in 2014. Conditions are expected to remain challenging in 2015 but the group remains confident it can continue to manage its way through such headwinds in the year to come. Katy Askew reports.


On the money: Hain Celestial: We feel more upbeat than ever 4 Feb 2015

Hain Celestial CEO Irwin Simon said today (3 February) the US group had never been so optimistic about its prospects, insisting the company's portfolio can benefit from consumer interest in what they eat.


On the money: Lacklustre sales see Hershey turn to snacking 30 Jan 2015

"Snacking... and portable snacking is not just short term, this is really a trend and it's becoming a habit," Hershey CEO John Bilbrey said yesterday as the US company announced its full-year results and its move to buy meat jerky brand Krave.


On the money: Premier CEO expects to benefit from rebound at UK supermarkets 23 Jan 2015

Premier Foods CEO Gavin Darby has predicted the UK food group's brands will be the co-beneficiaries of a rebound at the country's largest supermarkets.


On the money: Unilever: We need to respond faster to consumer trends 20 Jan 2015

Unilever must respond faster to emerging consumer trends if it is to grow its food brands in a low-growth environment, CEO Paul Polman suggested today (20 January).


On the money: General Mills "priority" categories see share improvement 18 Dec 2014

General Mills has reported market share growth across its three "priority" categories in the US - cereal, yoghurt and snacks - but sluggish sector sales trends and continuing under-performance from struggling areas of its portfolio continue to hit the group's US retail business.


On the money: Transformed Post Holdings confident about prospects 26 Nov 2014

Post Holdings has undergone significant change in the last two years through a spate of M&A. While there are questions about the outlook for some of the newly-acquired assets - and for its core cereal business - the US group this week expressed confidence about its outlook.


On the money: How Greencore is outperforming the UK food market 25 Nov 2014

Over the last twelve months Irish food group Greencore outperformed the overall food market in UK, its largest market, on the back of its exposure to the faster-growth food-to-go segment and expansion in convenience channels.


On the money: Cost-cutting regime paying off for Mondelez 7 Nov 2014

Mondelez International's work on costs looks to be paying off with the snacks giant seeing its margins improve and lifting its forecast for annual earnings this week. The Cadbury owner is seeing some pressure on sales - particularly in Europe - after lifting prices to offset higher commodity costs but analysts are generally upbeat about the US group's prospects.


On the money: Kellogg stands firm on cereal plans 3 Nov 2014

"There is no quick fix in this business," Kellogg CEO John Bryant conceded last week after reporting another challenging quarter for the US group's breakfast cereal business. However, with sales still under pressure, analysts are asking why Kellogg should be investing more in cereal than it is in snacks.


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.


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