General Mills’ CEO Jeffrey Harmening recently said during the company’s Q2 2018 earnings conference that he does ‘not feel pressure to do M&A’ following other CPG players’ recent moves.
Kellogg’s Q2 2017 net sales have declined 2.5% year-over-year to $3.19bn, while its operating profit increased by 0.7% during the period, reported the company.
Reese’s and Cookie Layer Crunch will be major investment focuses when Hershey’s next CEO Michele Buck takes office in March, 2017, according to the company’s Q4 earnings conference call.
A major reorganization of Kellogg’s snacks direct store delivery system took its toll on sales in the first quarter of the year, the company has admitted.
Increased marketing investment and more effective promotional activity has helped drive a 21% year-on-year hike in net sales of Grupo Bimbo’s North American business.
While many grocery brands are struggling to generate any growth right now, top gluten-free brands Udi's and Glutino notched up combined net sales growth of 53% in the latest quarter, bosses at brand owner Boulder Brands have revealed.
Sealed Air claimed its food packaging business is ‘back on track’ compared to Q2 despite dropping $20m in net sales and nearly $7m in operating profit year-on-year.
Huhtamaki declared that demand for packaging held up well in the first three months of 2012 as both sales and operating profits climbed year-on-year thanks mainly to stronger performance in North America.
Finnish packaging giant Huhtamäki’s profits for the first three quarters of 2011 fell despite ‘robust’ consumer packaging demand within developing markets, while Sonoco also saw a slight profit dip.
The UK breakfast cereal category remains challenging reports Kellogg, as it announces net sales growth of 11 per cent to $3.4bm for its Q2, but the snack and cereal maker said it expects better growth prospects for the UK in the “back half of the year.”
Silgan Holdings expects recent food packaging acquisitions to drive an increase in profits in 2011 after the company reported a dip in net income for the past year.
The $16m costs of acquiring Alcan Packaging Food Americas and strong performance in its flexible packaging sector underpinned Bemis Company’s 2009 third quarter results.
While Graham Packaging reported sales and operating income rose in
the second quarter due to the purchase of Owens-Illinois' plastics
unit, the company has still not been able to bring its costs under
control.
Six months after its acquisition of Owens-Illinois' plastics unit,
Graham Packaging has reported a net loss of $11.5 million (€ 9.1
million) for the first quarter of this year, even though net sales
increased by 138 per cent...
Packaging giant Bemis has announced a continuation of its
restructuring strategy following mixed third quarter results. It
seems likely that the move, designed to improve manufacturing
output, will lead to further job cuts. "We...
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...
After notching up further losses in its fourth quarter, global
packaging giant Crown Cork and Seal has announced a refinancing
plan which aims to get the company back into the black.
Chesapeake, the Virginia-based supplier of speciality paperboard
and plastic packaging, slipped into the red in the first quarter of
2002 with net losses of $0.3 million (€0.34m) compared to profits
of $0.3 million a year earlier.
