475 results in the archive - showing page 1 of 16

Tyson Foods' "record" FY 2017 and prospects for new year - 7 things to learn 16 Nov 2017

Column: On the money

Tyson Foods this week issued a set of annual results that included rising sales, a record level of operating income and record earnings per share. Andy Coyne looks at where it all went right for the US food industry giant and at its prospects for the next year.


Seafood group Clearwater eyes agility through restructuring 10 Nov 2017

Column: On the money

Clearwater is looking to speed up its decision-making and become more agile through restructuring measures the Canada-based seafood giant announced alongside what CEO Ian Smith said was a set of "disappointing" third-quarter results.


It's not child's play for TreeHouse Foods right now - editor's viewpoint 3 Nov 2017

Column: On the money

After a largely smooth decade for TreeHouse Foods since its inception in 2005, the largest private-label supplier in the US has found it tough going in the last 18 months or so. And, worryingly for investors, the latest news coming out of TreeHouse this week did not make for happy reading, Dean Best reports.


Campbell Soup Co. results - five things to learn 4 Sep 2017

Column: On the money

Having last week reported full-year earnings short of analysts' expectations, Campbell Soup Co. noted a challenging business environment in the packaged foods industry amid changing consumer preferences.


Murray Goulburn's FY results, outlook and strategic review - four things to learn 24 Aug 2017

Column: On the money

Murray Goulburn has just closed what its CEO has called a "difficult" 12 months. In reality, it has been tough for the Australia-based dairy foods and ingredients group for longer than that. In April 2016, the Devondale brand owner announced a cut to the price it paid suppliers for milk, issued a profit warning and the departures of its CEO and CFO. Current chief Ari Mervis joined Murray Goulburn in February this year and has seen the supply of milk into the business continue to fall, denting sales. Under Mervis, Murray Goulburn has embarked on a strategic review and this week, the company, alongside its 2016/17 results and 2017/18 outlook, spoke at length about the reappraisal of its business. Dean Best reports.


Soft US cereal, shipping snacks, Australia recovery - five things to learn from Kellogg H1 4 Aug 2017

Column: On the money

Second-quarter profits that beat Wall Street forecasts gave Kellogg's shares a boost yesterday (3 August), closing up more than 4% after the US cereal and snacks giant reported its latest set of financial results. Nevertheless, Kellogg revealed continued pressure on its domestic breakfast cereal business and faced plenty of questions about its top line and about the change to the way it distributes its snacks in the US.


How PepsiCo is trying to meet shifting consumer, retail dynamics 13 Jul 2017

Column: On the money

Significant changes are taking place in the way food manufacturers interact with their customers and consumers. Retail dynamics are evolving rapidly, with channel shifts, retailer consolidation and the ever growing importance of e-commerce shaking up the sector. Meanwhile, the consumer environment is developing at a faster pace than ever before. just-food looks at how PepsiCo is responding.


Kraft Heinz on M&A strategy, US challenges, UK performance - five things to learn from Q1 results 5 May 2017

Column: On the money

Kraft Heinz this week booked first-quarter sales and earnings that were down year-on-year and which missed analyst expectations. The company echoed the downbeat comments of some of its peers about the US and reported issues in Canada. However, Kraft Heinz made some more positive noises about the second quarter, while, in the wake of its failed move for Unilever, it appeared to give some hints about its M&A strategy.


Mondelez on margin growth, North America pressure, Q2 caution - five things to learn from Q1 results 3 May 2017

Column: On the money

Shares in Mondelez International, which issued its first-quarter results after the closing bell in New York on Tuesday (2 May), were up in after-hours trading, helped by the Oreo owner beating analyst forecasts on its underlying earnings per share and better-than-expected sales numbers. However, the snacks giant did have some weak spots in the opening three months of 2017, notably North America, and issued some notes of caution about the second quarter. Dean Best sets out what you need to know from the numbers and from Mondelez's outlook.


Danone on "low start", fresh dairy challenges, new organisational structure - four things to learn from Q1 update 25 Apr 2017

Column: On the money

Danone's first-quarter update hit its shares - and it is likely the fall in its stock price was only part due to the numbers. The French yogurt maker reported meagre like-for-like sales growth as its challenges in fresh dairy continued. The company upped its forecast for its annual underlying earnings but still its shares declined, with some analysts frustrated at the way Danone plans to report on its new asset, WhiteWave Foods.


Nestle on margins, SE Asia growth, Americas challenge - four things to learn from Q1 update 24 Apr 2017

Column: On the money

The rate at which Nestle's organic sales rose in the first quarter of 2017 was the slowest this century but the results, issued on Thursday, were dampened by calendar effects and were a tick above analyst expectations. Dean Best reports on the key takeaways from the figures and from Nestle's discussions on the numbers with analysts.


General Mills sales woes continue - analysis 22 Mar 2017

Column: On the money

General Mills this week reported another quarter of falling sales, leading industry watchers to wonder if the US food giant will lessen its focus on its margin target but, more critically, whether the company can revitalise its top line. Hannah Abdulla reports.


Will Kellogg's DSD exit help it grow in US snacks? - analysis 15 Feb 2017

Column: On the money

Kellogg's decision to end the direct store delivery (DSD) of its snacks in the US is expected to give the company's profitability some momentum, with the Cheez-It owner saying the move would leave it better placed to grow revenues from that part of its business. However, the Pringles maker faces an uphill challenge to turn around declining sales trends. Katy Askew reports. 


Is Mondelez's margin target hurting sales? – analysis  9 Feb 2017

Column: On the money

Mondelez International has delivered a lacklustre set of 2016 numbers but the snacks giant, which has been buffered by a challenging operating environment, stressed it continues to improve adjusted operating margins. With the entrance of 3G Capital into the food sector, margins have become a key metric for a number of the major names in the industry but Mondelez's results left some wondering if a focus on margins can hamper top-line growth. Katy Askew reports.


Hershey's 2016 results and 2017 outlook - 5 things to learn 7 Feb 2017

Column: On the money

Hershey's 2016 results and 2017 outlook, issued on Friday (3 February), suggested both a stronger finish to the year than the preceding nine months had suggested and confidence on this year's earnings above that seen on Wall Street. Nevertheless, analysts still had questions on Hershey's earnings expectations, on its performance in China and on its plans for its cost structure. Dean Best reports.


Cloetta defends share in stagnant markets – 6 things to learn  1 Feb 2017

Column: On the money

Cloetta, the Swedish snack maker, reported a loss for 2016 this morning (1 February) primarily due to an impairment charge related to its Italian business. Speaking to analysts during a conference call, however, management was upbeat on the progress it has made in strengthening profitability. Cloetta said it hopes to continue to expand its margins over the coming 12 months and revealed that it wants to grow sales – both organically and through M&A – during 2017. Here are the key takeaways from Cloetta's 2016 results.


Unilever's plan to grow in 2017 – 6 things to learn 26 Jan 2017

Column: On the money

Unilever delivered sluggish sales but stronger-than-expected margins when it reported its full-year results today (26 January). The company's revenue was buffeted by issues like demonetisation in India and economic crisis in Brazil during the tail-end of 2016. While management believes such headwinds will lead to a slower start to 2017 - an outlook that hit Unilever's shares today - the group does expect things to pick up as the year progresses. just-food take a look at Unilever's strategy for growth this year.


Could Aryzta's profit warning herald change at the top? - analysis 25 Jan 2017

Column: On the money

The pressure on Aryzta has grown this week after the Switzerland-based bakery giant issued a surprise profit warning, sending its shares tumbling and sparking speculation about the future of the company's senior management. Dean Best reports.


Kraft Heinz sets out stall to revitalise UK business - analysis 7 Nov 2016

Column: On the money

Kraft Heinz's third-quarter results won praise from some on Wall Street but the US food giant still faced questions about its performance in Europe. The company pinpointed the UK as a problem area and outlined its plans to breathe fresh life into its business in the country.


TreeHouse Foods wrestles with former ConAgra Foods' assets – 6 things to learn  4 Nov 2016

Column: On the money

TreeHouse Foods lowered its full-year earnings forecast, sending shares in the US own-label supplier tumbling. The company said it was forced to cut its outlook due to a weaker-than-expected performance from the private-label business it acquired from US peer ConAgra Foods earlier this year. just-food takes a look at what has gone wrong – and what action TreeHouse is taking to right itself. 


Danone's Q3 sales - what the analysts say 18 Oct 2016

Column: On the money

Danone's underlying third-quarter sales fell below market expectations amid challenges in China. Regulatory changes in China are weighing on Danone's infant formula business in the country but, broadly, analysts are comfortable about the prospects for that part of the French giant's business and, overall, the group's wider prospects.


How ConAgra Foods' promotional strategy is changing - and why 3 Oct 2016

Column: On the money

ConAgra Foods, the US group set to split in two companies with one focusing on brands, is putting more emphasis "on volume over value" after being "overly reliant on deep discounting", a strategy that had led consumers to associated some of its products with deals, CEO Sean Connolly has said.


Aryzta's FY results and outlook for 2017 - 6 things to learn 28 Sep 2016

Column: On the money

Aryzta, the Switzerland-based bakery products supplier, this week reported a drop in annual profits, although it managed to eke out some growth on its top line. The company has faced challenges in North America in recent quarters and the numbers bore that out, with sales boosted by its businesses outside that region. just-food presents the key takeaways from Aryzta's results and looks at how the company's views its prospects for the new financial year.


General Mills on Q1 sales, innovation plans, margins - 8 things to learn 26 Sep 2016

Column: On the money

General Mills booked a 7% drop in first-quarter net sales last week, with sales down 4% on an organic basis. The US company has repeatedly insisted it is taking action to address problem areas in its portfolio, such as yogurt and cereal. But this latest set of numbers underline the challenges the group faces. Here are just-food's key takeaway's from General Mills' first-quarter results. 


Campbell Soup Co. on FY2016, 2017 prospects, problems with Fresh and with soup - 6 things to learn 7 Sep 2016

Column: On the money

Campbell Soup Co.'s shares slid in the wake of the release of the US company's annual results, which included lower sales and earnings - but improved profitability on an "adjusted" basis. The numbers revealed issues with the company's Campbell Fresh division, key to its bid to accelerate growth while its flagship business remains sluggish. The announcement also included guidance for the 2016/2017 financial year that disappointed analysts.


Murray Goulburn on FY results, suppliers, product mix and savings – 7 things to learn 26 Aug 2016

Column: On the money

Embattled Australian milk processor Murray Goulburn reported its full-year results this week. The company, which part-listed on the Australian stock exchange to raise capital during the period, was rounding off a difficult 12 months, during which it cut payments to its farmer-owners, issued a series of profit warnings and announced the departures of its CEO and CFO. The group's much-anticipated financial update revealed lower sales but the firm managed to hit its revised profit target, which had been lowered earlier in the year. Here are just-food's key takeaways.


Nestle on China, confectionery challenge and nutrition slowdown – 5 things to learn  19 Aug 2016

Column: On the money

Delivering its first-half numbers yesterday (18 August), Nestle reported a stronger operating performance but a sluggish organic growth rate. Here are just-food's five takeaways from the company's results.


Kellogg on new targets, zero-based budgeting, managing revenue and Q2 results - 5 Things to Learn 11 Aug 2016

Column: On the money

Kellogg last week announced mixed second-quarter results, with growth in underlying operating profit above analyst expectations but reported revenue missing forecasts on Wall Street and underlying sales declining. However, the Special K and Pringles maker lifted its forecast for underlying earnings per share for 2016 - and raised its target for underlying operating margin for 2017/18. Its shares closed up on the day. just-food provides the most important talking points from what was a detailed announcement.


Mondelez International on China, Hershey and Q2 results - 6 Things to Learn 28 Jul 2016

Column: On the money

Mondelez International yesterday (28 July) reported its second-quarter and half-year numbers, leading to the US snacks giant's shares sliding almost 3% in the New York. The Oreo maker's operating margins and underlying earnings per share beat analyst forecasts - but growth in revenues on organic basis was weak and the company is now less certain about its forecast for annual sales. There was also plenty for Mondelez to discuss beyond the financials, notably its push into chocolate in China and its interest in Hershey.


How Unilever is "working harder" in tough environment  21 Jul 2016

Column: On the money

Unilever CEO Paul Polman left investors with no illusions today (21 July) when he reported the company's second-quarter results: trading is tough and the company expects it to get tougher. As a result, Unilever is "working harder" to drive gains and expand its share. Here is how. 

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