First-quarter results continue to come in next week, with Cadbury owner Mondelez International among the companies reporting numbers to the end of March. Elsewhere, US meat giant Tyson Foods will file half-year figures and UK grocer Sainsbury’s will report annual numbers.
Monday 6 May
Go deeper with GlobalData
Tyson Foods will book its first-half financial results. The US meat saw profits increase year-on-year in its first quarter but admitted in February its margins from beef and pork were under pressure. Nonetheless, the company has said it is “optimistic” about its full-year numbers and analysts will be interested to see if its export business has benefited from the avian flu outbreak in China.
Tuesday 7 May
Produce giant Chiquita Brands International booked a loss of US$400m in 2012 after impairment charges hit its bottom line. The company insists there are grounds for optimism this year, with a new banana contract in the US and expansion in markets like Eastern Europe and the Middle East. However, after Fresh Del Monte Produce’s Q1 profits on lower banana prices in Europe, Chiquita’s numbers will be scrutinised.
See Also:
Mondelez International also books its first-quarter results on Tuesday. The snacks giant only came into being in October and has had an up-and-down start, with initial problems in Brazil and Russia. However, the Cadbury owner expects to meet its sales targets for 2013 and analysts will be watching for how the business is performing in emerging markets. Just do not expect too much comment on the speculation of a merger with PepsiCo.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataWednesday 8 May
Sainsbury’s, the UK’s third-largest grocer, files its annual results. The retailer has confounded expectations during the downturn and has had another solid 12 months. In the fourth quarter, like-for-like sales, excluding fuel, were up over 4%. Its comments on capital expenditure in the year ahead will be closely watched after Tesco’s announcement last month it would not push on with projects in its UK pipeline. With its larger rival more cautious – and diverting resources to online – should Sainsbury’s cut capex again?
Thursday 9 May
Sainsbury’s rival Morrisons provides a trading update on its first quarter on Thursday. The Uk’s fourth-largest grocer found the going tough in its last financial year, when profits and like-for-like sales fell. The City will be looking for signs of improvement; Shore Capital thinks Morrisons has been “sharper” in its promo activity. Analysts will also want to hear how the retailer’s fresh format stores are performing, while the company will likely be pressed on its intentions with online specialist Ocado.
US private-label group TreeHouse Foods will books its Q1s on Thursday. Competition is heating up in the US own-label sector, with ConAgra Foods snapping up specialist Ralcorp Holdings. TreeHouse had a challenging 2012. Sales were up but profits fell amid restructuring in its soup business and the closure of a dressings plant.
Other notable results next week include Q1s from Canada’s George Weston, US snack maker Synder’s-Lance and US dairy giant Dean Foods. Soy and organic group WhiteWave Foods, set to be spun off by Dean Foods, will also file Q1s.
