Snyder’s-Lance reported a 5.6% increase in the fiscal year, but saw a slump in fourth quarter sales in what could be its last earnings report as a standalone company.
Mexican bakery conglomerate Grupo Bimbo reported a 6% increase in sales - helped by several acqusitions that expanded the company's presence into new markets - but noted a drop in profits.
Soft results in the first quarter of fiscal 2018 from Honey Bunches of Oat and Malt-O-Meal maker Post Holdings reflect the growing competitive intensity in the North American cereal market.
The CEO of Kettle Chips maker Snyder’s Lance says he is ‘not satisfied’ with the company’s H1 2017 performance despite a 3% revenue increase in the second quarter.
Sales saw a small rise, but profits were down due to the Weetabix acquisition and egg antitrust class action settlement for Post Holdings’ third quarter.
Indian bakery and dairy business Britannia Industries has reported consolidated revenue growth of 10% to $325.4m (Rs. 2,224 crores) in its third quarter, and 12% growth for the year up to December 31, 2015 to $939m (Rs. 6,417 crores).
Meat solutions in the Americas helped Sealed Air Corporation offset struggles in tough markets during its fourth financial quarter (Q4), according to president and chief executive officer Jerome Peribere.
Flower Foods team members and its distribution partners did an amazing job of serving customers in the wake of market disruption when Hostess liquidated, Flowers CEO said.
RockTenn saw net sales and total segment income fall year-on-year in its Q4 results for the period ending 30 September due to lower volumes and maintenance outage.
Cargill has reported an 82% slump in profit for the fourth quarter and a 56% drop for the fiscal year, citing cyclical trends in soybean processing and American beef, as well as wider economic and political factors.
AEP Industries has reported a Q2 net sales increase of almost US$50m (€40m) and a profit rise of $13.3m from the same period last year despite a “high degree of economic pessimism in our markets.”
Huhtamaki suffered mixed fortunes in the first half of 2011 as strong performance in its flexible ops and emerging markets were countered by high raw material costs, negative currency effects and operational problems on some lines.
The acquisition of food processing technology firms Anhydro and Gerstenberg Schroder in 2010 helped SPX Corp to report a small increase in fourth quarter revenues.
Cereal and snack manufacturer General Mills posted lower than expected Q2 results yesterday as commodity prices increase and product prices become more competitive.
The chocolate and confectionery fats division showed strong seasonal volume improvements, claims leading oil and fats supplier AarhusKarlshamn as it releases third quarter financial results for 2010.
Monsanto reported a decline in profits for the second quarter of fiscal 2010 on Wednesday and warned that it was unlikely that it would meet its longer-term profit forecasts.
Swiss bakery group Aryzta had a decline in revenue of 7.4 per cent, which translated as €800.9m in the first half of 2009, with consumer and customer limited spending power cited as the chief factor for the decrease.
US-based food and body care company Sara Lee yesterday posted
profit gains for the second quarter of the fiscal year 2008, with
particularly strong performances from the international beverage
and bakery divisions.
Net sales for Sara Lee increased 7.1 per cent to $12.3bn (€9.1bn)
for the fiscal year 2007 from $11.5bn (€8.5bn) the previous year,
the company has said.
H.J. Heinz strategy to raise prices and cut costs has paid off in
profit margins increasing to 15.5 per cent in the second quarter of
2006, two percentage points higher than the comparable period last
year.
Leading US ingredient firm Cargill last week reported strong fiscal
year earnings, although the performance of the firm's food
ingredients business lagged the year-ago level.
Troubled chocolate maker Barry Callebaut has increased sales
volumes during its financial first quarter, but the growth has
meant a tumble in profit margin.
In a move to secure its supplier base for its bakery operations and
expand its business, the UK's Real Good Food Company (RGFC) said
yesterday it would buy Napier Brown Foods, a sugar group, for
£67.7min stock.
Despite a slower final quarter, Austria-based packaging provider
Mayr-Melnhof has reported strong financial results for 2004, on the
back of a number of acquisitions the company has made in the past
year, writes Simon Pitman.
Strong sales of ketchup helped keep sales buoyant at Heinz during
the third quarter, though a write-down of its investment in Hain
Celestial provoked a 25 percent drop in earnings.
Imperial Sugar yesterday (Thursday) announced a higher
first-quarter profit, but predicted that operating income would
fall significantly in 2005 as the sugar industry remains
challenging, reports Philippa Nuttall.
Poultry processor Pilgrim's Pride has announced that it will earn
more than it thought in the first fiscal quarter of 2005 because of
cheaper feed costs.
In line with other packaged food companies such as Unilever and
General Mills, ConAgra Foods has posted lower quarterly profit due
largely to higher raw material costs.
New Dragon Asia, a leading producer of flour and flour-related
products to the China market, has reported strong results for its
second quarter, reflecting increasing sales, net income and the
gross profit margin caused by improvements...
UK food processor Northern Foods has blamed a drop in pre-tax
profit on tough trading conditions in the first half of the year.
The group is taking stock of the situation and a full review of the
company's structure is being...
Recently published sales figures from Sartorius indicate that 2003
has not been a great year for the German biotechnology group.
Third-quarter earnings have been negatively affected by the
impending insolvency of the group's...
It has been quite an eventful year for Rock-Tenn. Two acquisitions
were made, and in September, the firm sold its plastic packaging
assets to global packaging giant Pactiv. In addition, recently
published results suggest that a degree...
Crown Holdings, the US-based global packaging provider, has
announced a drop in its quarterly earnings to the end of September
following a change in its accounting terms, but the company's
year-to-date results continue to show...
Graham Packaging has reported a significant gain in operating
income for its first quarter of 2003, reflecting increased sales
and gains from restructuring, but continues to run at a loss.
Dutch life science company DSM saw net profit for the fourth
quarter of 2001 rise to €1,031 million from €119 million in the
fourth quarter of 2000, largely due to the sale of the depositary
receipts. Profit on 4Q ordinary activities...
Pactiv, a global food packaging provider, has reported a solid
third-quarter performance for the period ending 30 September,
improving on a challenging financial year to date.
Robina, the food arm of the Gokongwei family business empire in the
Philippines, will reinvest $20 million (€21m) to cover its capital
expenditures in its next fiscal year beginning this October.
US-based Portola Packaging, a manufacturer of closures and bottles
for the beverage industries, reported an 8 per cent drop in sales
in the third quarter of 2002 from $57.6 million in the same period
last year to $53 million (€56m).
Calavo Growers, a Californian-based worldwide leader in packing and
distributing avocado, processed avocado and other perishable food
products, has announced sales of $56.1 million (€59m) for its
second quarter ending in April, representing...
