Blog: US food companies prepare for analyst scrutiny
Dean Best | 21 February 2011
CAGNY, the analyst conference that has become a key date in the US food sector calendar, starts tomorrow (22 February) with 14 of the industry's biggest companies facing the scrutiny of the investment community.
The likes of Heinz, Hormel Foods, Kellogg and ConAgra will provide an update of how their businesses are dealing with the twin pressures of a weak consumer environment and rising commodity costs.
In recent weeks, as the 2010 financial results rolled in, leading executives at US food manufacturers (and, for that matter, food makers here) have insisted they can succeed in pushing through price increases to cover their more expensive raw materials.
However, competition between suppliers remains fierce (as does that between retailers) and, in some categories, promotions are still a key weapon, while private label is a threat. Price is not the cure-all panacea.
Expect, then, to hear more about how those presenting at CAGNY are looking to keep costs down - which could have an impact on those supplying into the manufacturers.
Other key issues are likely to include innovation and whether the likes of Kraft, Campbell Soup Co. and Hershey will be investing more in emerging markets - and where those dollars might go.
just-food will again be covering the event so check our news and insight pages from tomorrow later afternoon UK time for the latest from this year's CAGNY.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- US food next wave on display at Winter Fancy Food
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Nestle organic growth slows but beats expectations
- Suntory to offload Australia, New Zealand foods
- Post: Weetabix "opens up M&A opportunities"