On the money

On the money

Food companies discuss and dissect their latest results.



On the money: Why Dairy Crest needs to offload dairies 21 May 2015

Dairy Crest chief executive Mark Allen said today (21 May) he is "confident" the group's disposal of its struggling dairies business to Muller Wiseman Dairies will gain competition approval. The group's full-year results, released earlier this morning, show exactly why this sale is vital to Dairy Crest's performance.


On the money: Premier to push on with range revamp 20 May 2015

Rationalisation of SKUs and innovation will continue to form a big part of Premier Foods plc's focus for 2015, CEO Gavin Darby has said.


On the money: Hershey's long-term confidence on China 24 Apr 2015

Confectionery giant Hershey saw sales in China come under pressure in the first quarter of 2015, a result of the government crackdown on gifting and macro-economic factors in the country. Hershey does not expect to turn this around soon, but insists it is putting the "right" things in place to secure its long-term growth in China. Hannah Abdulla reports.


On the money: Can Danone build growth in fresh dairy? 20 Feb 2015

Danone's fresh dairy sales struggled throughout 2014. Nevertheless, as the world's largest dairy manufacturer, the company believes it can lead the category back to growth in stagnant markets like Europe and the US. Katy Askew reports.


On the money: No quick wins for Kellogg 13 Feb 2015

Kellogg appeared to be getting real yesterday and slashed long-term sales targets, following yet another set of disappointing numbers that suggested the road to recovery for its core cereal category could be a long one.


On the money: PepsiCo managing its way through "volatile market" 11 Feb 2015

With its exposure to volatile currencies and growing instability in developing countries, PepsiCo saw macro-economic issues weigh on its top-line performance in 2014. Conditions are expected to remain challenging in 2015 but the group remains confident it can continue to manage its way through such headwinds in the year to come. Katy Askew reports.


On the money: Hain Celestial: We feel more upbeat than ever 4 Feb 2015

Hain Celestial CEO Irwin Simon said today (3 February) the US group had never been so optimistic about its prospects, insisting the company's portfolio can benefit from consumer interest in what they eat.


On the money: Lacklustre sales see Hershey turn to snacking 30 Jan 2015

"Snacking... and portable snacking is not just short term, this is really a trend and it's becoming a habit," Hershey CEO John Bilbrey said yesterday as the US company announced its full-year results and its move to buy meat jerky brand Krave.


On the money: Premier CEO expects to benefit from rebound at UK supermarkets 23 Jan 2015

Premier Foods CEO Gavin Darby has predicted the UK food group's brands will be the co-beneficiaries of a rebound at the country's largest supermarkets.


On the money: Unilever: We need to respond faster to consumer trends 20 Jan 2015

Unilever must respond faster to emerging consumer trends if it is to grow its food brands in a low-growth environment, CEO Paul Polman suggested today (20 January).


On the money: General Mills "priority" categories see share improvement 18 Dec 2014

General Mills has reported market share growth across its three "priority" categories in the US - cereal, yoghurt and snacks - but sluggish sector sales trends and continuing under-performance from struggling areas of its portfolio continue to hit the group's US retail business.


On the money: Transformed Post Holdings confident about prospects 26 Nov 2014

Post Holdings has undergone significant change in the last two years through a spate of M&A. While there are questions about the outlook for some of the newly-acquired assets - and for its core cereal business - the US group this week expressed confidence about its outlook.


On the money: How Greencore is outperforming the UK food market 25 Nov 2014

Over the last twelve months Irish food group Greencore outperformed the overall food market in UK, its largest market, on the back of its exposure to the faster-growth food-to-go segment and expansion in convenience channels.


On the money: Cost-cutting regime paying off for Mondelez 7 Nov 2014

Mondelez International's work on costs looks to be paying off with the snacks giant seeing its margins improve and lifting its forecast for annual earnings this week. The Cadbury owner is seeing some pressure on sales - particularly in Europe - after lifting prices to offset higher commodity costs but analysts are generally upbeat about the US group's prospects.


On the money: Kellogg stands firm on cereal plans 3 Nov 2014

"There is no quick fix in this business," Kellogg CEO John Bryant conceded last week after reporting another challenging quarter for the US group's breakfast cereal business. However, with sales still under pressure, analysts are asking why Kellogg should be investing more in cereal than it is in snacks.


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