Revenue

Food industry is caught up in a promotional trap, Kraft CEO

Kraft: 'We have to unlearn what we believed to work in the past'

The food industry is caught up in a promotional trap, says Kraft CEO: ‘All of us have to realize it’s not the long-term way to run a business’

By Elaine Watson

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...

Wendy’s reports Q4 sales dip

Wendy’s reports Q4 sales dip

By Carina Perkins

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%.

DuPont profit climbs on higher prices and agriculture sales

DuPont profit climbs on higher prices and agriculture sales

By Caroline Scott-Thomas

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.

Beef segment strains Tyson results

Beef segment strains Tyson results

By Melodie Michel

US meat processing giant Tyson Foods has reported a 48% drop in Q1 net income, despite $8.3bn in sales, up 9.4% from last year.

Danisco acquisition provides bright spot for DuPont in 2011

Danisco acquisition provides bright spot for DuPont in 2011

By Caroline Scott-Thomas

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.

Chocolate earnings climb 9 per cent for Kraft; gum growth flat

Chocolate earnings climb 9 per cent for Kraft; gum growth flat

By Jane Byrne

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.

Danisco buy-out fails to dent DuPont Q2 earnings

Danisco buy-out fails to dent DuPont Q2 earnings

By Shane Starling

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.

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