Profit

Higher retails sales during the pandemic didn’t translate to ‘commensurate’ profit increases, FMI finds

01-Apr-2021 By Elizabeth Crawford

Despite a double-digit increase in retail sales during the pandemic, most grocery retailers continue to grapple with tight profit margins which could be squeezed further as restaurants and the foodservice industry reopen but many coronavirus-related expenses...

Will CBD-infused snacks help Mondelēz regain traction in its developed markets?

02-May-2019 By Gill Hyslop

The multinational snack maker is in the early stages of assessing how CBD could fit into its future product portfolio, according to CEO Dirk Van Put.

Nestlé ‘strongly committed’ to confectionery outside US as segment declines continue

31-Jul-2017 By Oliver Nieburg

Nestlé’s confectionery business has continued to decline in the first half of 2017, but it says it remains committed to the segment.

Hershey may kiss older international plants goodbye with roughly 2,700 job cuts

03-Mar-2017 By Oliver Nieburg

Hershey plans to reduce its global workforce by 15%, mainly outside of the US, under a new supply chain efficiency program.

Full-year results

Nestlé coy on future of ‘disappointing’ US confectionery unit

17-Feb-2017 By Oliver Nieburg

Butterfinger maker Nestlé refuses to speculate if it will offload its challenged US confectionery business, but says it is “no stranger” to portfolio trimming.

Smithfield attracts strong fresh pork revenue

10-Dec-2012

US processor Smithfield Foods has reported strong fresh pork earnings in the second quarter, despite a 91% drop in overall earnings as a result of a debt extinguishment charge.

Maple Leaf’s meats move back towards profit

01-Nov-2012 By Carina Perkins

Maple Leaf Foods saw a return to operating profit in Q3 2012, with a drop in pig business profits offset by a strong performance in prepared meats and fresh poultry.

Unilever Q4: Sales up 5.1%; but operating margins hit by commodity price hikes

03-Feb-2011 By Elaine Watson

Unilever has beat analysts' expectations with a 5.1% rise in underlying sales in the fourth quarter, but said operating margins were dented by commodity price hikes.

Tate & Lyle gets go-ahead for sale to Bunge

23-Jul-2008 By Laura Crowley

The sale of Tate & Lyle’s international sugar trading business to US oilseed firm Bunge is now unconditional, removing the UK sweetener group from the volatile sugar market.

Risk management tools for commodities bring strong gains to ADM 3Q

29-Apr-2008 By Lindsey Partos

Risk management tools benefiting from volatile commodity markets
bring strong gains to US ingredients giant ADM in the latest
quarter, but profit for starch and sweeteners impacted by higher
corn prices.

Profits remain flat for Barry Callebaut

03-Apr-2008 By Charlotte Eyre

Barry Callebaut today said profits for the first half of the
year remained stable as high input and expansion costs
offset overall sales volume increases for the Switzerland-based
firm.

Danisco reshuffles ingredients ahead of sugar split

26-Mar-2008 By Jess Halliday

Danisco is reorganising its ingredients business in a bid to target
market trends like health and wellness more closely, and deal with
issues that have been affecting parts of its portfolio.

Hershey raises prices three per cent

29-Jan-2008 By Charlotte Eyre

Confectionery firm Hershey today announced an average wholesale
price increase of three per cent across the US, as the company
moves to improve on the disastrous profit loss posted last week for
the fourth quarter.

Hershey profits continue to tumble

25-Jan-2008 By Charlotte Eyre

US-based Hershey yesterday posted a Q4 operating profit drop of 65
per cent, as high commodity costs, restructuring charges and
competitive US market conditions continue to dog the confectionery
giant.

Sudzucker struggles with sugar, but special products deliver

15-Jan-2008 By staff reporter

The Sudzucker group has reported a 18.3 per cent increase in sales
for the first nine months of its year thanks to special products
and fruit preparations, while sugar was responsible for a big drop
in operating profit.