On the money

On the money

Food companies discuss and dissect their latest results.

On the money: Tesco admits online cannibalising stores

16 April 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.

On the money: Retailer Lianhua rolls up sleeves after tough 2013

4 April 2014

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.

On the money: We can fight on price, insists Morrisons

14 March 2014

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.

On the money: Marfrig eyes growth opportunities despite 2013 losses

12 March 2014

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.

On the money: Bullish Waitrose ready for battle

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.

On the money: Premier CEO backs brands to drive category growth

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.

On the money: Danone turns to product mix to offset margin pressure

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.

On the money: Market buys into Casino's confidence

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.

On the money: Mondelez scales back top-line ambitions

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.

On the money: Success lies in the brand, believes Kellogg

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.

On the money: Ocado still looking at more tie-ups in medium term

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.

On the money: Questions surround Carrefour's hypermarket strategy

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.

On the money: JM Smucker insists "well-positioned" on pricing

21 November 2013

US group JM Smucker has defended its pricing strategy after a fall in second-quarter sales.

On the money: Tyson "doubling down" on prepared foods

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.

On the money: Dairy Crest upbeat on spreads

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.

On the money: Kellogg targets cereal for focus of reinvestment

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.

On the money: Nestle optimistic over emerging market growth

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.

On the money: Sainsbury's: own label key to seeing off discount threat

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.

On the money: Tesco optimistic of Europe rebound in H2

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.

On the money: Fonterra ups focus on nutrition, emerging markets

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.

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