Walker’s Shortbread has seen turnover rise in the past financial year - signalling a whetted interest for the ‘medieval biscuit bread’ post-pandemic - but pressures on global supply chains, the conflict in Ukraine and a challenging inflationary environment...
Shares in the heavily indebted company have plunged following the revelation of a trifecta of issues, including a $15.4bn write-down, a Securities & Exchange Commission (SEC) probe into its accounting practices and a tepid 2019 outlook that means...
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.
The baker – which makes cakes under licensed brands such as Disney, Thorntons and Mary Berry, as well as artisan breads for supermarkets, restaurants and cafes – has posted a 3.4% decline in full year revenue, citing increasing ingredient costs and a...
Pepsi posted a second-quarter profit that topped analysts’ estimates, helped by strong sales of Frito-Lay and other salty snacks, which offset pressures as health conscious consumers shift away from colas.
The Betty Crocker maker reported a better-than-expected fourth-quarter profit, but also announced it was axing 625 jobs to reduce costs amid slowing sales of its bakery and yogurt products.
Raisio, the Finnish food group, is forging ahead with its strategy to expand in new markets and categories despite operational challenges hitting first-half results, interim chief executive Jarmo Puputti tells FoodNavigator.
Snyder’s-Lance has announced a restructuring plan to drive down costs and complexities, which includes closing its Florida chips plant and retrenching 250 employees.
Recent market intelligence indicates use of active and intelligent packaging for meat products extends the useful life of the foods, while expanding the potential for profit.
Operating profits dropped in two of the Real Good Food Company’s (RGFC) bakery businesses – Haydens and R&W Scott – but analysts say the group is on track entering the critical Christmas period.
A bumper performance in the sugar market has helped Associated British Foods balance sharply declining profits in its ingredients and grocery businesses.
Sonoco has said a negative change in the mix of business, higher maintenance, labor, pension, interest and other expenses hit hard in their Q3 results.
International Paper has reported a Q2 fall in operating profits due to continued slow growth in North America and uneven global demand but forecasted a brighter picture for the rest of the year.
RPC has unveiled multi-million pound plans to expand its UK operations to tap into the growing trend from retailers for promotional packs and announced record full year net profits as the addition of Superfos accelerates earnings.
Ingredients supplier CSM has suffered a 23% fall in profits in its first quarter (Q1) results driven by weaker demand in artisanal bakery in Europe, which could force job losses.
Weakening consumer packaging demand in Hungary will see Stora Enso reduce its converting operations in the country and concentrate efforts elsewhere with the aim of boosting profitability.
UFLEX, India’s biggest flexible packaging provider, has announced a significant revenue boost of nearly 30% for the third quarter of 2011, despite admitting poor profitability results for the period.
DS Smith said boosted performance in its UK packaging operations and the take over of Otor were the main drivers in a huge leap in pre-tax profits in the last financial year.
Marel hailed a stronger order intake for its processing equipment on the back of the continuing economic recovery as it posted improved operating results for the first half of 2010.
Strong performance in the Americas, particularly for bakery ingredients, has seen Associated British Foods (ABF) post an operating profit up 25 per cent.
Belgian bakery group Lotus Bakeries showed a hike in profits last year following on from the sale of its Harry’s Benelux operations and a fall in financial costs.
The global commodity market continues to worry confectionery and
sugar firms, as AB Foods profit is dented by sugar reforms, Nestle
combats costs with price hikes, and Cadbury may be ripe for
takeover.
Real Good Food today reported a drop in profits for 2007, which the
UK-based firm blamed on ongoing EU sugar reforms as well as the
escalating price of raw ingredients.
Irish-based Greencore has moved to strengthen its position in the
convenience food sector by purchasing a UK cake manufacturer, after
exiting the sugar business because of EU reforms.
Kellogg today said that high commodity costs led to a one per cent
decrease in operating profit during the third quarter, despite a
six per cent increase in sales.
Chr Hansen has announced plans to divest its coatings and
excipients business in order to focus on core activities in
cultures, enzymes, natural colours and flavours.
Spain-based Ebro Puleva has reached agreement with Kraft Foods to
buy its Minute Rice brands in the US and Canada, extending the
company's reach into North America.
UK food manufacturer RHM remains undeterred by last year's slump in
Mr Kipling cake sales - their financial second half results show
business is improving with the aid of healthy Hovis products.
Despite a tough trading environment and serious fire damage to a
processing plant, British snack firm United Biscuits has delivered
a sizeable full-year profit rise of 25 per cent.
Sales at Archer Daniels Midland (ADM) increased during the
company's financial second quarter signaling a recovery from the
effects of the US hurricanes last year.
Leading US bakery Sara Lee yesterday reported a decline in sales in
its first quarter, with net income hit hard as the company enters
the ninth month in its five-year transformation strategy to shed
unprofitable businesses.
Continual productivity improvements are behind Novozymes' solid
performance since it was floated on the stock market in 2000,
according to CEO Steen Riisgaard.
Settling UK wheat prices have helped Carr's Milling Industries to
get its food business back on track in the first of half of 2005,
despite freak floods and fire hitting sales hard, reports Chris
Mercer.
South American and Asian yeast markets bring strong gains in the
first half, offsetting weaker markets in the US and Turkey,
London-based sugar and ingredients group Associated British Foods
reports today, writes Lindsey Partos.
Compound ingredients for the snack industry, inulin and sugar
activities lift operating profit in 2004 for Dutch ingredients and
foodstuffs group Royal Cosun.
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.
Dutch food group Wessanen is already seen the benefits of its
far-reaching restructuring programme Operation Phoenix with a
significant recovery in profits at its cereal products division,
Dailycer.
Kellogg, the cereal and snacks maker, has raised its full-year
profit forecast after an excellent third quarter performance which
saw both sales and profits rise significantly. The gains came as a
result of new product launches, brand...
Suominen, the Finland-based provider of flexible packaging, has
announced a drop in both its sales and its profits for the first
six months of this year, although sales of food packaging have
remained bouyant.
Dutch life science company DSM today posted a net profit of €959
million. Although DSM Fine Chemicals posted slightly lower sales
and a lower operating profit, attributable to the pharma products
and aspartame businesses, DSM Food...
Increased expenditure on brand-building and promotions helped
US-based cereals and snack foods group Kellogg to a 10 per cent
increase in sales for 2002, a good result after a turbulent year in
2001.
