490 results in the archive - showing page 1 of 17

Amid overhaul, Weston Foods remains positive despite H1 profit fall 1 Aug 2018

Column: On the money

Amid increasing competition, Weston Foods, one of North America’s largest bakery products businesses, is undergoing what its parent company has called a "transformation programme" aimed at becoming a "premier player" in the industry and delivering "solid financial results". Yesterday, Weston Foods reported falling half-year sales and earnings. Simon Harvey had a look at the numbers.


Nestle results provide food for thought - key takeaways 30 Jul 2018

Column: On the money

Nestlé revealed a generally positive set of first-half results on Thursday that were received favourably by the stock market, despite a tweak to the Swiss food giant's organic growth outlook. But what was most interesting is what can surely only be deemed as a veiled kickback by CEO Mark Schneider at activist investor Daniel Loeb. Simon Harvey looks at the key takeaways.


Bakery giant Aryzta's fresh profit warning raises concerns 29 May 2018

Column: On the money

It has been clear for months there are some sizeable challenges facing Aryzta, the Swiss-Irish bakery giant - and there were signs this week the company's problems persist.


Campbell Q3, profit warning, CEO exit - four things to learn 22 May 2018

Column: On the money

Friday (18 May) proved a notable day in the recent history of Campbell Soup Co., with the US giant reporting a third-quarter loss, a profit warning and the immediate departure of CEO Denise Morrison. Dean Best reports.


Premier Foods gives grounds for (cautious) optimism - analysis 17 May 2018

Column: On the money

What a difference twelve months makes as Premier Foods plc recorded its fastest pace of annual revenue growth in five years, a stark contrast to the disappointing results unveiled by chief executive Gavin Darby in 2017. And, at this juncture, the UK's fourth-largest food company is perhaps on a firmer footing to achieve its ongoing, yearly, sales growth target having seen a surge in demand in Australia and, at the same time, witnessed a revival in its Batchelors and Angel Delight brands. Simon Harvey investigates. 


TreeHouse Foods' CEO Steven Oakland faces turnaround challenge 7 May 2018

Column: On the money

New TreeHouse Foods chief Steven Oakland has only been in the hot seat at the US own-label supplier for a matter of weeks but, despite better-than-expected underlying earnings per share, the company's results for the first quarter of 2018 gave an indication of the challenge ahead. Simon Harvey reports.


Nestle on Brazil, China, US, AgeCore row and M&A - top takeaways from Q1 commentary 19 Apr 2018

Column: On the money

On an organic basis, Nestle's first-quarter sales beat analyst expectations as volumes offset the company's weakest pricing since 2000. The result meant the world's largest food maker stuck to its forecast for its organic sales to grow by 2-4% this year. However, beyond the numbers, Nestle's senior management issued some interesting commentary on trading in countries key to many food multinationals, on its pricing dispute with European buying group AgeCore and gave a flavour of its appetite for M&A


General Mills' profit warning - five things to learn 27 Mar 2018

Column: On the money

General Mills caused grumbles on Wall Street last week with another downward revision to its forecast for a key profit metric - the second change announced in a month. The US group "feels good" about its top-line performance but knows it needs to work on its profitability, even if it insists some of the factors affecting its bottom line are sector-wide. How General Mills reacts will be keenly watched by investors and industry. Dean Best reports.


Four things to learn from Bakkavor's 2017 results and 2018 outlook 1 Mar 2018

Column: On the money

The publication of UK private-label supplier Bakkavor's first set of annual results since it floated on the London Stock Exchange late last year revealed higher revenues and profits. But what about the company's future prospects? Andy Coyne reports.


Five things to learn from Danone's 2017 results 20 Feb 2018

Column: On the money

French dairy giant Danone - which owns Activia yogurts, dairy alternative Alpro and Evian water - has returned a positive set of full-year 2017 figures as synergies kicked in from its acquisition of US natural and organic foods business WhiteWave Foods. But that's not the full story. Andy Coyne delves a little deeper.


Nestle's 2017 results and 2018 outlook – five things to learn 19 Feb 2018

Column: On the money

The climb just got steeper for Nestle chief executive Mark Schneider after only 12 months at the helm of the world's largest food company. The Swiss giant reported a sixth straight year of slowing organic growth last week, while profits again declined. Simon Harvey goes through the numbers and looks ahead to 2018 and beyond. 


Kellogg's 2017 results and 2018 outlook - four things to learn 11 Feb 2018

Column: On the money

Kellogg enjoyed improved profitability in 2017 but again saw pressure on its top line, with, notably, its US morning foods business continuing to suffer. However, some industry watchers saw some signs of progress in the fourth quarter - and even across the year as a whole. All eyes will be on how recently-installed CEO Steve Cahillane believes he can improve the cereal and snacks giant's performance.


Mondelez International's 2017 numbers and 2018 outlook - five things to learn 6 Feb 2018

Column: On the money

Andy Coyne looks at what might be learned from Mondelez International's 2017 results and the snacks giant's outlook for the year ahead.


McCormick's 2017 results and 2018 outlook - six things to learn 30 Jan 2018

Column: On the money

Andy Coyne gauges reaction to US flavourings business McCormick's full year results and looks at its future growth prospects. Here are five things he learned.


Premier Foods - cautious optimism or false promises? 20 Nov 2017

Column: On the money

Shares in Premier Foods rose on Wednesday (15 November) after the UK group posted second-quarter numbers that cheered the market. However, while group sales picked up, profits through the half year were flat, as were revenues from the mainstay branded division. Analysts, disappointed with Premier’s previous false harvests, are not rushing for the jam pots just yet, Simon Harvey reports.


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.

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