On the money

On the money

Food companies discuss and dissect their latest results.

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

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 future prospects? Andy Coyne reports.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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