On the money
Food companies discuss and dissect their latest results.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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- Focus: Gen Mills turns to M&A to bolster US ops
- Viewpoint: US health food in play - at a price
- Comment: Kingsmill "youth" appeal bodes well
- BRICs: How dairy deal bolsters Lactalis and BRF
- Glanbia to buy US sports nutrition firm Isopure
- Burton's "eyeing" United Biscuits merger
- Arla joins race for Egypt's Arab Dairy
- Mondelez pauses production at Cadbury Oz site
- Danone to close plant in Russia