Grupo Bimbo SAB de CV acquired Natural Bakery in Winnipeg, Canada, and made a minority investment in Delaware-based Olyra Foods during its first quarter, which saw net profit down 9.4%, citing the sale of its confectionary business in the same quarter...
Investments in consumer-centric innovations – like Frito-Lay Minis, Doritos Sweet & Tangy BBQ, Doritos dips, Cheetos Bolitas and SunChips Black Bean Spicy Jalapeno – were instrumental in the division’s strong growth.
Kellogg Company raised its forecast for full-year earnings, as a price hike for its Special K, Frosted Flakes, Corn Flakes and Rice Krispies, among others, offset an environment ‘as challenging as we’ve ever seen it’ – CEO and chairman.
The Mexican corporation – and the world’s biggest bakery company – posted a significant rise in first quarter net profit, but said inflation has hurt profit margins.
Mexican bakery giant Grupo Bimbo posted a 66.9% increase in fourth quarter net profit, along with a 74.7% bump up for FY 2021 to reach 15.9 billion pesos ($78m).
The Twinkies and Ding Dongs maker posted better-than-expected results for the third quarter, with higher volume, a favourable product mix, pricing and productivity and a higher volume offsetting rising inflation.
COVID; surges and higher costs of raw materials, packaging and freight; economy-wide bottlenecks and shortages; acute shortages in labour; and a workers' strike at its US cereal plants are expected to dent the breakfast cereal giant’s annual profit.
Chairman and CEO Daniel Servitje said the Mexican bakery giant had experienced ‘very good results in terms of volumes, pride reputation and revenue growth management initiatives’ across all its markets in Q3 2021.
The Peebles and Post cereals maker’s strategy to unlock more value through prudent acquisitions is paying off, posting a 19% increase in net sales for Q3, driven in the main from the acquisition of TreeHouse’s private label cereals and the Peter Pan peanut...
All of Kellogg’s 50+ factories around the world have been hit by supply shortages due to a range of disruptions, from a 10-day pandemic lockdown in Malaysia to civil unrest in South Africa, CEO Steve Cahillane told analysts on a conference call.
The Mexican bakery giant posted new highs for the second quarter – with a 16.2% increase in sales and adjusted EBITDA growing nearly 37% – as it motivated to revitalise those channels and categories that suffered during the pandemic.
The world’s largest bakery company posted outstanding financial results, reported significant market share gains, was recognised as one of the world’s most ethical companies for the fifth consecutive year and increased its global use of renewable electricity...
Kellogg Company – which makes Pringles, Cheez-Its and Pop-Tarts – is expecting organic net sales to fall by about 1% in 2021, compared with a growth of 6% in 2020.
The world’s largest baking company has reported strong performance in Q3 2020, driven by better-than-expected results from its Sweet Goods category, which offset the drag from impulse items like on-to-go foods due to the pandemic.
Grupo Bimbo posted record net sales for the second quarter, due to outstanding growth volumes in North America, its biggest market, which posted a 36% growth in peso terms and 11.5% in dollar terms.
The Keebler deal with Ferrara Candy Co. closed in late July, dropping net sales by 3%, but steady growth in snacks around the world kept organic sales afloat.
PepsiCo's net revenue increased more than 4% in the third quarter, with big-name snack brands, Quaker and smaller premium brands boosting sales and profits.
The cereal giant reported a 2% drop in net sales, but CEO Jeff Harmening emphasized the slow-but-steady growth of its cereal, yogurt and snacks divisions in North America retail.
Shortly after releasing its 2019 fiscal year earnings, the soup and snack company said it would sell UK-based Kettle Foods and Netherlands-based Yellow Chips to a private equity firm.
Conagra’s legion of high-selling brands – including Angie’s BOOMCHICKAPOP, Slim Jim and Snack Pack – are launching new products this year as the company cements its focus on the lucrative snacking market.
Frito-Lay has partnered with the fast food chain in the US market to develop a signature sandwich featuring the cheese-flavored cornmeal snack paired with a Cheetos-flavored sauce.