Kellogg last week announced mixed second-quarter results, with growth in underlying operating profit above analyst expectations but reported...
Kellogg's US business weighed on its results in 2015 but the company insisted its troubled US cereal business was seeing signs of improvemen...
Diamond Foods side-stepped market talk it has put itself up for sale and even suggested it would be open to broadening its own portfolio during a conference call with analysts this week. However, this does not mean the US snacks group's management is closed to the idea of the company shopping itself. Katy Askew takes a look at the possibility of a deal and who could be interested in a punt for the Kettle Chips maker.
Kellogg reported a second quarter of declining profits and sales but on a conference call with investors yesterday, the management team insisted it is taking the right steps to position itself for long-term growth. Here is just-food's take on the latest numbers, recent performance and outlook for the business.
There were some cautiously positive noises coming out of Kellogg yesterday (5 May) as the US food group announced its first-quarter results - but a number of questions still hang over the Special K and Pringles maker.
"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.
Kellogg has lifted its forecast for underlying earnings per share for 2016 - and raised its target for underlying operating margin for 2017/18.
Kellogg CEO John Bryant said today (5 May) said the US cereal and snacks group had made "good progress on our priorities" in the first quarter, a period when underlying net sales and profits rose.
Philippines-based food group Monde Nissin is to distribute Kellogg's products across the country.
Kellogg has plans to launch 40 products in the US early next year, with innovation in cereal, frozen foods and snacks.
US snacks-to-cereal group Kellogg has invested US$130m to construct a manufacturing facility in Bandar Enstek, Malaysia, that will serve as a production hub for the group's snack brands in the Asia Pacific region.
Snyder's-Lance, the US snacks group, has swooped to strike an agreement to buy Kettle Chips maker Diamond Foods.
This week, Fonterra said it was reducing capital expenditure plans to mitigate pricing pressure in dairy. Kellogg announced its first half-results and committed to plans to remove artificial colours and flavours from its branded cereals in North America by 2018. Elsewhere, Tyrrells acquired Yarra Valley Snack Foods in Australia and Unilever came under fire in India. Here is the week in quotes
Kellogg today (5 May) reported lower underlying net sales and operating profit for the first quarter of 2015 - but CEO John Bryant claimed the trend behind the US food group's top line was improving.
Kellogg has launched a range of tortilla chips in the UK under snack brand Pringles.
Shares in Kellogg climbed today (30 October) after it booked third-quarter earnings that beat Wall Street and company forecasts - but the US group continued to see domestic cereal sales come under pressure.
Kellogg has cut its forecast for annual earnings after it reported lower sales and profits for the second quarter of the year.
John Bryant, Kellogg's president and CEO, has been named chairman of the Special K and Pringles owner.
Kellogg today (6 February) posted higher fourth-quarter profits but saw its shares fall in early trading after its top line missed Wall St forecasts.
Kellogg has started work on a new snacks factory in Malaysia as part of plans to up its investment in emerging markets.
Kellogg has unveiled a swathe of new products across its US cereal, snack and frozen businesses.
Diamond Foods shares surged almost 20% yesterday (21 August) after the company said it has reached an agreement to settle a shareholder lawsuit and raised its financial guidance.
US cereal giant Kellogg has unveiled a set of initiatives for the second half of the year it hopes will boost performance in Europe.
US snack group Diamond Foods has reported a fall in its losses for the first nine months of its financial year, although the Kettle Chips owner has had to restate its first-half earnings.
Campbell Soup Co. became the third major multinational to invest in the buoyant organic baby food sector in a month with a deal to buy US firm Plum Organics. Danone is another of the three food giants to do business in organic baby food - and this week it continued its investment in faster-growing categories and markets with a fresh attempt to crack China's booming yoghurt sector.
US cereal and snacks giant Kellogg has recorded a drop in first-quarter profit as higher costs hit earnings.
Wal-Mart, Kroger and Supervalu are among the US retailers presenting at a Barclays sector conference next week. The first-quarter results will continue to roll in, with Kellogg, Kraft Foods Group and Canadian retailer Loblaw part of a group of companies to publish numbers.
Kellogg has said accelerating its rate of innovation in Europe will help revitalise sales and profits in the region in 2013.
US investment firm BlackRock has snapped up nearly 8% of Kettle Chips manufacturer Diamond Foods.
Kellogg recorded an increase in profits in 2012 and has reiterated its outlook for 2013. The US cereal giant's acquisition of Pringles boosted the results and the company enjoyed growth in Latin America and improving results in North America. Kellogg has, however, admitted that Europe remains a "difficult" region to trade in.
Yildiz Holding reportedly wants its snacks business to overtake Kellogg and become the world's second-largest snack manufacturer.
With emerging markets becoming a central focus for many food companies, there is growing interest in the Middle East and Africa - and this week we are at the Gulfood expo in Dubai to speak to those building their business in the region.
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