On the money

On the money

Food companies discuss and dissect their latest results.



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.


On the money: Steady as she goes as Danone denies strategy overhaul 25 Jul 2014

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.


On the money: Bimbo forecasts US volume recovery 24 Jul 2014

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.


On the money: Can Premier build H2 sales momentum? 22 Jul 2014

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.


On the money: Steady as she goes at Cloetta 18 Jul 2014

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.


On the money: Could greater snack focus make Mondelez an M&A target? 8 May 2014

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.


On the money: Spotlight on M&A ambitions as Tyson rides protein wave 6 May 2014

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.


On the money: Tesco admits online cannibalising stores 16 Apr 2014

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.


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