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...
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
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.
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
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.
An increased demand for natural ingredients has led to a 23 per
cent growth in Frutarom's sales for the third quarter, but profit
is down because of rising raw material costs and the impact of
Tate & Lyle has taken new measures to remove itself from
volatile commodity markets and refocus on value-added ingredients,
with a plan to sell its Mexican sugar business, Grupo Industrial
Azucarero de Occidente.
Frutarom has announced an increase in sales in its second quarter
results issued this morning, which it says is down to reaping the
rewards of a strategy of buying smaller companies - but work is
needed to boost its profit margins.
DSM has reported flat sales for its Nutrition division in the first
quarter of 2007, but a new, forward looking programme is already
underway to improve profitability and place emphasis on product
Israeli flavours and ingredients supplier Frutarom has reported
sales growth in Q2 2006 to US$72.3m. Although profits were impacted
by price drops in natural raw materials and energy price hikes, new
acquisitions are still on the...
Spice company McCormick said yesterday that its Q1 profits and
sales were lower than expected, pushed down by struggling vanilla
prices, but remained confident for the rest of the year, writes
Barry Callebaut, the world's top supplier of industrial chocolate
to the confectionery industry, has delivered strong profit for the
year, boosted by the integration of recently acquired US
confectionery firm Brach's and...
Despite a 'challenging' year that saw profit before tax falling by
24 per cent for the first six months, UK flavours company Treatt
has reined in results posting a steady, erring on grey, set of
figures for the year.
Despite tougher trading conditions UK food and food ingredients
business Associated British Foods (AB Foods) reported on Tuesday
that operating profit had risen 14 per cent for the first 24 weeks
ended 1 March 2003 to £204 million....