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Hormel Foods' Jennie-O Turkey Store wing saw a poor second quarter

Hormel Foods hit by turkey profit drop

By Aidan Fortune

Oversupply in the turkey market has led to US producer Hormel Foods reporting a 2% drop in earnings and a 5% drop in profit for the second quarter of the year. 

Tyson Foods CEO Donnie Smith said the business will 'continue to innovate'

Tyson Foods posts record earnings

By Oscar Rousseau

Meat supplier Tyson Foods has grown ahead of expectations after posting record third-quarter earnings as a focus on prepared foods and value-added chicken helped operating income surge.

Pilgrim's CEO Bill Lovette has also confirmed a target for capital spending in 2016

Weak export market dents Pilgrim’s profits

By Oscar Rousseau

Strong headwinds in the poultry export market hit Pilgrim’s Pride’s annual profits, but a strategy to expand in the booming Mexican market validates its growth strategy, the company claims.  

Net revenue increase of 26% for Marfrig

Strong second quarter for Marfrig Global Foods

By Aaron McDonald

Brazil’s Marfrig Global Foods, one of the world’s largest beef, lamb, poultry and fish-based food companies, has seen a strong second quarter in 2015, with a free cash flow of R$136 million. 

Hormel's results boosted by spam exports

Hormel sees good growth in Q3

By Carina Perkins

US meat processor Hormel has reported solid growth in the third quarter, with particularly strong performance from its grocery and turkey segments.

GLG reports H1 losses after filing delay

GLG reports H1 losses after filing delay

By Caroline Scott-Thomas

Stevia supplier GLG Life Tech has reported losses in the 2011 fiscal year and the first half of 2012, following a filing delay that led it to stop trading on the Toronto Stock Exchange.

IFF posts 16% boost in Q2 net profit

IFF posts 16% boost in Q2 net profit

By Caroline Scott-Thomas

Pressure from raw material costs has started to ease for International Flavors and Fragrances (IFF), which reported a 16% increase in net profit and a 1% increase in net revenue during the second quarter.

Cargill full year earnings ‘not up to expectations’: CEO

Cargill full year earnings ‘not up to expectations’: CEO

By Caroline Scott-Thomas

Cargill has reported an 82% slump in profit for the fourth quarter and a 56% drop for the fiscal year, citing cyclical trends in soybean processing and American beef, as well as wider economic and political factors.

Cargill returns stronger Q3 profits

Cargill returns stronger Q3 profits

By Carina Perkins

US processor Cargill has bounced back after poor profits in the first six months of the year, reporting a strong performance in the third quarter.

Beef segment strains Tyson results

Beef segment strains Tyson results

By Melodie Michel

US meat processing giant Tyson Foods has reported a 48% drop in Q1 net income, despite $8.3bn in sales, up 9.4% from last year.

ADM profits shrink 89% on higher corn costs

ADM profits shrink 89% on higher corn costs

By Caroline Scott-Thomas

Grain processing giant Archer Daniels Midland (ADM) has seen its second quarter profit shrink 89% on higher corn costs and lower oilseed earnings, although sales have grown, the company said on Tuesday.

Danisco acquisition provides bright spot for DuPont in 2011

Danisco acquisition provides bright spot for DuPont in 2011

By Caroline Scott-Thomas

DuPont benefited from last year’s acquisition of Danish specialty food ingredient company Danisco in the fourth quarter of 2011, as revenue more than doubled in its nutrition and health business – although the chemical group’s overall profit fell slightly.

Can Morrison reheat Campbell's lukewarm soup sales?

Campbell Soup beats estimate, but profit falls

By Caroline Scott-Thomas

Campbell Soup Company has reported a 5% drop in net earnings in the first quarter as soup demand continues to fall in the United States, although the company is beginning to see the first fruits of a turnaround program.

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