Monster Energy CEO Rodney Sacks insists new launch Ultra Sunrise will not go head-to-head PepsiCo's Mountain Dew Kickstart, despite its lighter 'Orangina-type flavor'.
Kraft: 'We have to unlearn what we believed to work in the past'
Trade spending is not delivering in the way that it used to, and if the food industry wants to deliver profitable growth, it needs to reallocate resources into bigger and better innovations and brand-building - which “requires discipline”, says Kraft...
Hershey’s chief executive John Bilbrey says he is “very excited” about a mystery new product that will unveiled later this year, and believes fruit and choc snack brand Brookside could become a $500m global brand.
Mondelez International has fallen short of sales expectations in the third quarter (Q3) as the slowing Chinese economy dented consumption, particularly in its biscuit category.
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.
Gum sales are still down for the category's second largest player, but the segment might be showing its first signs of recovery, according to Mondelez’s CEO.
While Mondelēz is not expecting a significant turnaround in gum this year, the world’s #2 gum maker behind Wrigley is “actively testing a number of ideas to rejuvenate the category” that are just starting to pay off, CEO Irene Rosenfeld told analysts...
Increased investment in marketing and advertising will drive sales in the back half of the year, said the company’s CEO who sees the company as being on track to being ‘a premium, differentiated leader in snack foods’.
Record sales and a 97% control of the kefir category are only the start for Lifeway Foods, as the company states it’s ‘in the early stages of its long-term growth trajectory’.
Kraft Foods Group expects to post weaker-than-expected fourth-quarter revenues, in part because it lost market share to rivals as competitors engaged in aggressive discounting on cold cuts and mac & cheese, said CEO Tony Vernon.
Increased spending on marketing, advertising and promotions (MAP) is paying off for Jimmy Dean sausage maker Hillshire Brands, which has raised its outlook for the full year on the back of strong second quarter results.
US burger chain Wendy’s has reported a small drop in same-store sales for the fourth quarter of 2012, bringing sales growth for the year down to a modest 1.6%.
Offloading Skippy peanut butter - which still generates the majority of its $370m annual sales in the mature US market - will continue to skew Unilever’s portfolio towards faster-growing emerging markets, says one industry analyst.
Campbell Soup impressed investors with higher-than-expected earnings in the fourth quarter but admitted that its turnaround “is taking us longer than we anticipated”.
The CEO of Beam Inc. claims tequila will yield attractive global growth in the long-term, as his firm boosted sales of its core Sauza brand in H2 2012 after an indifferent few quarters.
Innovative new products commanding higher margins, increased marketing investment and better cost controls will help Sara Lee “unleash the potential” of Hillshire Brands Company, the new name for its North American food business, claims the firm.
Kellogg blamed disappointing results in Europe and in some categories in the US, high commodity inflation, and ill-judged supply-chain initiatives for a 6.5% drop in first quarter operating profit.
DuPont posted higher profits and revenue for the first quarter of 2012, citing higher prices and increased sales in developing markets, as well as continuing benefit from last year’s acquisition of Danish specialty ingredients firm Danisco.
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.
So much stock has now been taken out of the supply chain that customer orders should not “fall off the table” as they did in 2008/9 if commodity markets go back into a spin, according to Corn Products International (CPI).
Kraft, in its second quarter results, reports continuing challenges ahead for its gum and candy division in developed markets, and claims the Cadbury takeover is a fundamental earnings driver, with its global chocolate earnings up 9 per cent.
Corn Products International has seen a sharp rise in second quarter profits, largely on the back of its National Starch acquisition, but warned that higher corn costs could impact earnings in the second half.
Dupont, which earlier in the year warned that its May $6.49bn acquisition of Danisco would dent its yearly profits, has defied expectations in second quarter results published today.
Hershey clocked a profit for the first quarter of 2011, with it citing new product launches, expansion outside the US and a 30 percent increase advertising spending as key to the positive financials.
Corn Products International’s profits fell in the fourth quarter on charges related to its National Starch acquisition, although sales from the newly acquired business boosted sales growth beyond expectations.
Despite robust overall growth, Kraft is still suffering from costs associated with its £11.5bn Cadbury purchase, according to the US giant's full-year accounts.
Corn Products International has reported increased sales in Q3 and raised its outlook, although profits were hurt by costs related to the acquisition of National Starch.
ChromaDex is optimistic about its stronghold in the food and supplement sector following a strong first quarter, which saw a revenue increase of 34 percent.
US food giant Kraft has announced first quarter 2010 revenues up 26 percent to $11.3bn after its acquisition of British food and confectionery company Cadbury.
US chocolate maker, Hershey, said it is still open to international expansion and it claims acquisitions will be made easier by the fact that the global chocolate markets are still fragmented.
Cargill has reported a 65 percent drop in earnings for the first quarter of fiscal 2010 from the same period last year, partly due to the company’s investment in phosphate and potash suppliers The Mosaic Company.
Hain Celestial has seen a drop in annual profits but it remains confident of consumer demand in the natural and organic market as sales crossed the $1bn mark for the first time.
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.
Floods and market conditions have not made for an easy year at Archer Daniels Midland, but a 61 per cent slump in Q4 profits is not as grave as it seems since last years figures were propped up by one-off costs.
SunOpta is catching up on filing its financial results and has announced a rise in profits in the first quarter of this year despite hefty professional fees relating to its berry division write-down.
Collaboration with customers, cautious pricing, a simplified
structure and innovation all helped Kerry Ingredients achieve
profit increases despite soaring raw material costs.
Barry Callebaut reported increased sales volume for the first
quarter of this fiscal year as a result of a mounting trend for
food manufacturers to outsource their chocolate needs.
Bunge, a supplier of agricultural and edible oil products to the
food industry, today reported that earnings more than doubled in
its third quarter on the back of strong market conditions.
Zurich-based chocolate manufacturer Barry Callebaut said today
that like-for-like sales increased 6.1 per cent in
the nine months to 31 May, despite the unstable cocoa
market.
Danisco recorded revenue of DKK 15,220 million in the first three
quarters of 2006/07, a period which saw significant structural
change within the company.
Ingredients firm Bunge has continued to see an improved performance
in its last quarter, prompting the company to forecast a year of
"improved earnings" next year.
US agricultural and chemicals firm DuPont has reported a surge in
fourth quarter net income, but results were dragged down by a weak
performance from the company's agriculture and nutrition division.