Tesco CEO Dave Lewis

Tesco CEO Dave Lewis

This week Tesco publicly apologised after the UK Groceries Code Adjudicator found it had breached a supplier code of practise. Hershey reported a sales decline in the fourth quarter. Elsewhere, in new product development, PepsiCo launched a gluten-free alternative of its Quaker oats product. Here is the week in quotes.

"In 2014 we undertook our own review into certain historic practices, which were both unsustainable and harmful to our suppliers. We shared these practices with the adjudicator, and publicly apologised. Today, I would like to apologise again. We are sorry. We accept the report's findings, which are consistent with our own investigation" - Tesco CEO Dave Lewis apologises for its practices with suppliers after the UK Groceries Code Adjudicator found the retailer "seriously breached" the Groceries Supply Code of Practice drawn up to govern dealings with manufacturers. 

"Our goal is to outpace the category and gain share on an annual basis. We continue to experience a changing US shopper landscape and volatile international markets. To deliver our 2016 objectives, our actions are focused on investing in our core brands and growing our snacks portfolio through actionable consumer insights and and excellent execution" - Hershey CEO John Bilbrey says the firm hopes to reverse sales declines in 2016 through a focus on innovation and new product launches. 

"We know there's a lot of discussion around China. We're obviously very aware of the economic discussion going on there but our own business, we're anticipating that continues to do well" - Alan Wilson, chairman and CEO at McCormick remains confident about China despite an economic slowdown in the market.

"At Quaker, we're always striving to deliver products that meet families' evolving needs. Requests for gluten free oats have been among the top inquiries from our consumers for the past several years" Becky Frankiewicz, senior vice president of PepsiCo's Quaker Foods unit, on the launch of a gluten-free alternative to its Quaker oats product.

"We think that Greencore are still capable of growing in the US by mid-teens this year...There should be a compensating uplift at some stage as the Starbucks distribution system adjusts to demand. But with Rhode Island still scaling up and Greencore having to get used to working with an indirect, frozen supply chain that holds inventory (unlike in UK food-to-go), quarterly volatility looks set to remain part of the US growth story for a while yet" - Martin Deboo, analyst at Jefferies, comments after Ireland-based sandwich maker Greencore reveals sales growth in the US has slowed during the first quarter.

"Dole Fresh Vegetables' customer service representatives have been contacting retailers, and are in the process of confirming that the withdrawn product has been removed from the supply chain" - Dole announces a voluntary recall of its product and suspends operations at the Springfield site following a listeria outbreak that has resulted in one death and sickened 11 others.

"Increased political commitment is needed to tackle the global challenge of childhood overweight and obesity. WHO needs to work with governments to implement a wide range of measures that address the environmental causes of obesity and overweight, and help give children the healthy start to life they deserve" - Sir Peter Gluckman, the co-chair of the commission from the World Health Organisation calls for restrictions on the marketing of "unhealthy foods", a sugar-sweetened drinks tax and government backing for physical activity to cut child obesity levels.

"I don't think the Yildiz's portfolio complements itself that well. I can't imagine, for example, Godiva working in conjunction with McVitie's. This is something Mondelez has been really successful at but that's because its portfolio works well together – it has a wide range of biscuit and mass-appeal chocolate brands such as Dairy Milk" - Euromonitor analyst Jack Skelly says Pladis, the unit set up by Yildiz Holding to handle its chocolate and biscuit brands, lacks powerbrands that can be leveraged internationally.

"Cranswick continues to materially outperform the broader UK grocery market, where volume growth over the equivalent period was low-single digit at best" - Darren Shirley, analyst at Shore Capital comments on Cranswick's latest financial performance.

"Those involved feel confident that, when called upon, they will present their defence which will prove their innocence and the regularity of the financial transactions" - J&F, a shareholder in JBS, denies allegations the meat group's executives are linked to "crimes against the financial system".