Blog: The 2010 results frenzy starts in earnest
Dean Best | 3 February 2011
The last 24 hours have heralded the start of the reporting season for annual results from the world's major food manufacturers.
Hershey, Unilever and Kellogg have issued their figures for the fourth quarter of 2010 - and for the year as a whole - and, as ever, beyond the numbers there is some insight of interest to the entire industry.
Hershey's shares closed up on the back of higher annual profits, accelerating sales in the fourth quarter of the year and a confident outlook on the year ahead.
But, aside from the pressure on commodity costs, the US confectioner has much to ponder in 2011 - particularly its international strategy.
At Unilever, despite robust annual profits and quickening sales in the fourth quarter, some analysts were concerned about the impact input costs were having on the group's margins.
However, speaking to just-food, Michael Polk, president of Unilever's food, home and personal care operations, said the group had developed a "real capability" in handling commodity volatility and achieving price increases. A "lot had changed" at the company since 2008, the year of the last commodity spike.
And, at Kellogg, after a challenging 2010 for the business, new president and CEO John Bryant looked ahead to 2011 with confidence, citing the company's plans for innovation. He did, however, have a note of caution for trading in Europe.
The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...
An update on Amazon's plans for the grocery sector. The usually reticent retailer has this week poured cold water on claims it has plans for 2,000 physical grocery stores....
Ask any FMCG executive to list the trends shaking up the sector and digital and e-commerce will be pretty high on the list. Drill down into that and Amazon will be one of the subjects in the digital s...
Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...
- Wessanen's move for Spain's Biogran - analysis
- The key questions for digital strategists in 2017
- Unilever 2016 investor day - the top takeaways
- Burger King, Jollibee: foodservice focus, Nov 2016
- Whole Foods, Aldi, M&S - retail round-up, Nov 2016
- Verlinvest, China Resources invest in Oatly
- Hain Celestial appoints Nestle executive as US COO
- General Mills jobs to go in business revamp
- Chobani COO Burns to leave yogurt firm
- Freedom Foods Group nears M&A in Oz, North America
- How Brands Are Making Our Food Healthier
- Confectionery North America (NAFTA) Industry Guide_2016
- Processed Snacks (Savory Snacks) Market in the United States - Outlook to 2020: Market Size, Growth and Forecast Analytics
- Chocolate (Confectionery) Market in Belgium - Outlook to 2020: Market Size, Growth and Forecast Analytics
- Global Dried Processed Food Market 2016-2020