On the money
Food companies discuss and dissect their latest results.
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.
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.
French dairy giant Danone has insisted it is not mulling a radical overhaul of strategy as it battles issues at its European dairy and Asian early life nutrition businesses.
Bakery giant Grupo Bimbo, after seeing underlying sales volumes in the US come under pressure during the first six months of the year, has predicted improvement in the second half.
Premier Foods plc has faced challenging conditions and weak sales in the first six months of the year. However, CEO Gavin Darby believes that a jump in the UK group's marketing investment and the roll-out of new products in the back half of the year will reverse its fortunes. Katy Askew reports.
As the dust settles after Cloetta's merger with Leaf, the company does face a battle eking out growth in its key markets. However, it has set its sights on small, bolt-on deals in niche categories, rather than pushing the boat out and setting sail for growth in emerging markets.
Mondelez International is focusing on its snacks business, cutting costs and separating out its coffee operations in a tie-up with D.E Master Blenders. The strategic shift is likely to reduce volatility and boost margins. But could it also increase the chances that Mondelez will itself become an acquisition target? Katy Askew reports.
Tyson Foods has seen sales and earnings growth lifted by consumer demand for proteins. The company has emphasised its strategy to grow organically, with a particular focus on prepared foods. However, Tyson also hopes to raise its growth trajectory through M&A - and here the group is coming up against some stiff competition. Katy Askew reports.
Tesco CEO Philip Clarke has conceded the growth of online grocery retailing in the UK has had a negative impact on the performance of its physical stores.
Lianhua Supermarket Holdings operates over 4,500 stores in China - a mix of hypermarkets, supermarkets and convenience stores - and its 2013 financial results, issued last week, demonstrate how challenging trading conditions are - and how competitive retailing in the country has become.
Morrisons has set out its bid to win back consumers and reignite sales - and the UK's fourth-largest grocer has insisted it could hold its own in an increasingly price-focused market.
Marfrig CEO Sergio Rial was upbeat about the progress he saw at the Brazil-based meat processor yesterday (11 March), insisting the company was "more stable" than in previous years despite falling into the red in 2013.
Upmarket UK grocer Waitrose has enjoyed another strong 12 months. Waitrose's reputation for quality has resonated in a polarised market, while the retailer has kept its eye on price with schemes such as brand match scheme targeting Tesco. Waitrose expects another solid year as the economy improves and is prepared to roll up its sleeves should Tesco sharpen its pricing pencil. Dean Best reports.
Now Premier Foods has emerged from the shadow its its debt burden with a refinancing package that includes a "landmark" deal with its pension trustees, the UK food group plans to use its stable of brands in growth categories to drive top-line expansion.
Danone plans to improve its sales mix through product innovation to offset margin pressure across its markets in 2014, a year in which it now expects margins will not grow as much as it had expected.
- On the money: Unilever shifting into growth spots
- On the money: Danone denies strategy overhaul
- Why whole sector should take heed of meat scrutiny
- On the money: Hershey confident in NPD pipeline
- The just-food interview: Premier Foods CEO Darby
- Kellogg to close US snack plant
- 2 Sisters "passes" FSA poultry plant audits
- Tyson sells Mexico, Brazil ops to JBS
- FrieslandCampina to form "dairy zones" in Vietnam
- FSA ordered to carry out review on 2 Sisters