The breakfast cereal giant has announced it will hike the prices of products like Corn Flakes, Pop-Tarts and Pringles to protect margins amid expectations of high-cost inflation in 2022.
The Mexican bakery giant reported a 3.2% sales growth to 74,965m Mexican pesos ($3.9m) for Q3 2019, due to solid organic growth in all regions in which it operates and record levels of adjusted EBITDA.
Hostess Brands has baked up better-than-expected first-quarter sales, driven by innovation in the breakfast goods category and the acquisition of Cloverhill in February 2018, which is finally bearing fruit.
A 77% rise in sales across Campbell’s Global Biscuits and Snacks unit lead to the embattled company posting a 25% increase in revenue for its first-quarter.
Sonoco said first quarter net income dropped almost $15m (€11.4m) year-on-year, and added that it was facing an ‘uncertain’ time with customer orders due to the economic climate.
Global chocolate supplier Barry Callebaut said that recent
acquisitions had boosted its six month figures, with net profit
showing double-digit growth. But low cocoa prices affected
activities at the processing arm of the company.
