On the money
Food companies discuss and dissect their latest results.
7 March 2014
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.
4 March 2014
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.
20 February 2014
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.
18 February 2014
Casino's share price has been on something of a rollercoaster in the early weeks of 2014. However, the French retailer's 2013 results and optimism for the months ahead seemed to be echoed by the market today (18 February) with its stock recovering some of the ground it had lost since the start of the year.
14 February 2014
In the year or so since Mondelez International was formed, the Cadbury owner's sales performance has, generally, fallen below expectations. Some in the market believed company's sales target was too ambitious, given the slowdown in its key snacks categories around the world. Reflecting on its 2013 performance and 2014 outlook, Mondelez appears to have rejigged its sales goals to follow market performance more closely.
7 February 2014
Kellogg is set to focus its energies on boosting the profile of its namesake "master brand" in a bid to regain market share.
4 February 2014
Ocado chief executive Tim Steiner has said the UK online retailer is still looking to further develop licencing deals with larger retailers, although he emphasised there are no "imminent announcements" on any pending agreements.
16 January 2014
That Carrefour made further progress on its turnaround plan during 2013 was left in no doubt today (16 January) when the company revealed improving underlying sales trends. However, fourth-quarter revenues in France missed consensus expectations and the retailer still has a number of domestic questions to answer - particularly around its hypermarket strategy.
21 November 2013
US group JM Smucker has defended its pricing strategy after a fall in second-quarter sales.
20 November 2013
Tyson Foods has indicated it is intensifying its focus on prepared foods as the US-based meat giant continues to build a portfolio of "value-added" products.
7 November 2013
Dairy Crest has said that it sees cause for optimism at its struggling spreads business, thanks to improved efficiencies and optimism surrounding its "star" brand - Clover.
5 November 2013
Kellogg has said its core cereal business will be a key focus of the reinvestment from its four-year cost-cutting programme.
17 October 2013
Swiss food giant Nestle has offered a positive outlook for future growth in the emerging markets, despite the region experiencing a continued economic slowdown.
2 October 2013
Sainsbury's chief executive Justin King has suggested investment in own label is a key weapon for mainstream grocers as discounters Aldi and Lidl continue to win sales in the UK.
2 October 2013
Tesco, the UK's largest retailer, has said it expects to see an improvement in the profitability of its European business in the second half after earnings tumbled in the first six months of the year.
25 September 2013
Fonterra is aiming to adjust its sales base to increase the proportion of revenue generated by its portfolio of nutritional brands, while also increasing its focus on emerging markets.
19 September 2013
General Mills has expressed its confidence in the prospects for the breakfast cereals sector in the US, where manufacturers have struggled to get sales growing in recent years.
12 September 2013
Morrisons chief Dalton Philips today (12 September) insisted the "space race" among major UK grocers is "well and truly over" after the UK's number four food retailer cut its capex budget for new supermarkets.
30 August 2013
After an active year for M&A, Campbell Soup Co. has said that it remains on the lookout for further opportunities to strengthen its portfolio through "smart external development".
23 August 2013
US food group Hormel Foods has said it is "heading in a good direction" with its refrigerated foods business, despite the unit performing "weakly" in the third quarter.