Revenue

Blue Apron hit with avalanche of stock-drop lawsuits

Blue Apron hit with avalanche of shareholder lawsuits

By Elaine Watson

Meal kit market leader Blue Apron has been hit with an avalanche of ‘stock drop’ lawsuits from a series of law firms alleging that shareholders were duped into paying over the odds to buy the firm’s stock – which has lost almost half of its value since...

Sprouts shakes up leadership, lowers guidance

Sprouts shakes up leadership, lowers guidance

By Elizabeth Crawford

Natural retail chain Sprouts Farmers Market shook up its long-established leadership at the same time it announced during its second quarter earnings call Aug. 6 that it is lowering its full year guidance. 

Kraft's net revenues fell 0.1% to $18.2bn in 2014, which CEO John Cahill described as a “difficult and disappointing” year

Big CPG firms are not nimble enough to innovate and align with changing consumer tastes, says TABS Group founder

Heinz-Kraft merger comes from weakness, not strength, says CPG expert: ‘It’s almost as if the large tier one guys have surrendered’

By Elaine Watson

The impending marriage of Heinz and Kraft Foods Group will create a $29bn consumer packaged goods powerhouse. But is bigger always better, or are megadeals like this more about making money for lawyers and shareholders than delighting consumers and driving...

Revenue for the full year was up 29.7% to R$120.5bn

JBS posts record revenue for 2014

By Georgi Gyton

Global meat giant JBS more than doubled (+119.6%) its net income during 2014, with profits amounting to R$2.04bn.

Marfrig Beef maintained its good export performance

Marfrig achieves target revenue in 2014

By Georgi Gyton

Brazilian meat giant Marfrig Global Foods has achieved full-year revenue of R$21bn, as a favourable currency exchange and growth in exports pushed up sales across the business.

Kombucha is typically made by fermenting tea with a mixture of live bacteria and yeast, so using brewed organic coffee as a base brings something new to the category, says Reed's

Reed's CEO: Mainstream supermarkets are embracing kombucha now

By Elaine Watson

While mainstream food retailers discovered kombucha later than their counterparts in the ‘natural’ channel, they are playing catch-up now, says natural soda maker Reed’s, which entered the market in 2012 with its Culture Club kombucha range and now claims...

JBS' USA pork operation saw revenue growth as a result of higher average selling prices

JBS sees net income rocket

By Georgi Gyton

JBS has reported a 32% increase in net income, to R$29bn, for the second quarter of 2014, compared to the same period last year.

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