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.
Revenue for Australia’s largest cattle exporter Wellard was “significantly impacted” by a difficulty to pass on higher livestock prices to Asian clients.
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.
Wellard Ltd, one Australia’s foremost livestock transporters, is braced for a drop in earnings, with the high price of cattle expected to dent full-year trading figures.
Hain Celestial has launched a new venture unit, Cultivate Ventures, that will invest in small, high-performing brands in the health and wellness arena.
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.
Sales and profits at poultry processing company Sanderson Farms in the US have been hit, as the aftershocks of the bird flu outbreak continue to be felt.
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.
Hershey has lowered its full year guidance after a slowdown in Brazil and Mexico and a gross profit margin decline due to higher dairy and cocoa costs.
Natural Grocers by Vitamin Cottage, Inc., a major dietary supplements and organic foods retailer, has reported 30.5% sales growth and double digit comparable store sales growth in the third quarter of fiscal 2013.
Flower Foods team members and its distribution partners did an amazing job of serving customers in the wake of market disruption when Hostess liquidated, Flowers CEO said.
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.
Canadian natural and organics group SunOpta has reported an 85% profit surge in the second quarter of 2012 driven by strong growth in packaged foods sales.
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 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.
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.
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.
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.
Imperial Sugar Company returned to profit during fiscal 2010 as its Port Wentworth refinery continued to boost production following a 2008 explosion, although its losses widened in Q4, the company said.
Cereal and snack manufacturer General Mills posted lower than expected Q2 results yesterday as commodity prices increase and product prices become more competitive.
Monsanto reported a decline in profits for the second quarter of fiscal 2010 on Wednesday and warned that it was unlikely that it would meet its longer-term profit forecasts.
Archer Daniels Midland (ADM) sales fell by five percent in the first half of fiscal 2010, although its corn sweeteners and starches division saw profits rise, due to lower net corn and manufacturing costs.
MGP Ingredients has pinned its hopes on specialty ingredients to help turn the company’s fortunes around after reporting a loss of more than $11m for the year.
Coca-Cola posted a 20 per cent improvement in operating revenues,
amounting to $28.8bn during the full fiscal year as the company
harnessed its international presence to drive growth in both its
carbonated and non-carbonated brands.
Novozymes has reported 'highly satisfactory' results for the first
nine months of 2006, enabling the enzyme giant to adjust the
outlook for earnings upwards.
Leading US ingredient firm Cargill last week reported strong fiscal
year earnings, although the performance of the firm's food
ingredients business lagged the year-ago level.
MGP Ingredients (MGPI) is set for a major overhaul in its
ingredients operations, after disappointing results in the segment
for the company's fiscal year prompted it to announce that it will
review its entire ingredients business.
More acquisitions may be on the cards for Balchem, the company that
last month bought Loders Croklaan's encapsulation and agglomeration
business, reports Jess Halliday.
Strong sales of ketchup helped keep sales buoyant at Heinz during
the third quarter, though a write-down of its investment in Hain
Celestial provoked a 25 percent drop in earnings.
Flavors company Sensient Technologies said last week that
fourth-quarter earnings rose 2.5 percent, lifted by foreign
exchange rates and higher profit from sales of traditional flavors
in Europe and North America.
Imperial Sugar yesterday (Thursday) announced a higher
first-quarter profit, but predicted that operating income would
fall significantly in 2005 as the sugar industry remains
challenging, reports Philippa Nuttall.
Biotech giant Monsanto announced a smaller net loss for the first
quarter of 2005 than the same period last year thanks mainly to
increasing seed sales, but legal problems are still proving
expensive for the company.
Martek Biosciences last week announced its year-end results, noting
increased revenues and "robust growth" due primarily to higher
sales of nutritional products to the company's infant formula
licensees.
Cyanotech, the Hawaiian based nutraceutical firm, which saw a
return to profitability in fiscal 2004, appears to be benefiting
from growing public awareness of the health benefits of its
products, reporting solid results for the second...
Burgeoning private agribusiness Cargill saw net earnings slip in
the first quarter of 2004, but performance remained on track
topping last year's figures by a wisp.
