The world’s biggest bread maker reported higher prices and growing revenue headwinds in the US and Mexico contributed to flat net sales for its second quarter ended June 30.
Mexican bakery giant Grupo Bimbo reported a massive 87% second-quarter revenue decline after it took a 1,960m pesos ($105m) charge for a voluntary redundancy program to create a ‘lean organization design.’
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.
Twinkie maker Hostess Brands reported lower-than-expected third quarter results, as revenue from 2016 innovations slipped and hurricanes Harvey and Irma wrought havoc.
Pinnacle Foods’ has posted a steep drop in Q2 earnings after recalling Aunt Jemima pancakes, frozen waffles and frozen French toast from US and Mexico shelves in May following potential monocytogenes contamination.
JBT Corporation has acquired PLF International for £28m ($37m), which designs and manufactures powder filling machines for the food and beverage industry.
PepsiCo’s chairman and CEO Indra Nooyi says price hikes and a focus on premium products like Lay’s Poppables and Quaker Overnight Oats helped increase 2017 Q2 sales, despite flat volume growth
The number of products launched in the UK in the past year has diminished by 8.4%, with food being the biggest contributor to the resulting loss in sales revenue.
Amplify Snack Brands reported its performance “exceeded expectations and continued to gain momentum” for the 13 weeks ended April 1, according to Tom Ennis, president and CEO.
The company’s investment in brands like Emerald and Pop Secret are “beginning to bear fruit,” while core brands like Snyders of Hanover and Lance have seen a 2.1% growth, said its president and CEO Carl E. Lee.
Oreo maker Mondelēz has posted a sharp drop in reported full-year revenues as analysts speculate a potential tie-up with Kraft-Heinz is now uncertain after the Brexit vote and Trump presidency.
US snack maker Snyder's-Lance has reported an increase in its Q3 2016 net revenue of more than 41%, attributing it to the recent acquisition of Diamond Foods.
SkinnyPop owner Amplify Snack Brands has seen sales surge by more than a quarter, but admitted recently launched tortilla chip brand Paqui has got off to a slow start
Crop inputs and dairy goods supplier Land O’Lakes has reported record earnings in 2015 – although total sales were down almost $2bn on the previous year.
Snyder’s-Lance has reported an estimated 4% year on year increase in net sales for 2015 – despite a “tougher retailing environment” and a last-quarter performance below expectations.
ChemChina, one of China’s largest chemicals group, is set to acquire KraussMaffei Group and its brands KraussMaffei, KraussMaffei Berstorff and Netstal, for €925m.
‘Soup is a great healthy product that is being somewhat ignored on the shelf. And with the right champion on it and the right investment made to get that story out, there is an opportunity there’, says Silgan.
Exclusive interview: Dr. Mehmood Khan, vice chairman and chief scientific officer for global R&D at PepsiCo
PepsiCo’s research and development used to be focused on brand refreshes but we’re now working with a whole new strategy that is ‘paying off in buckets’, says its global R&D head.
'Simple Truth has been our most successful brand launch ever'
Kroger’s natural and organics brand Simple Truth notched up sales of $1.2bn in 2014, and continues to generate double digit growth, said CEO and chairman Rodney McMullen at the company’s q4 earnings call last week.
Kellogg’s 136% profit plunge for the fourth quarter (Q4) is disappointing and can mainly be attributed to continued poor performances in Special K and Kashi, its CEO says.
RockTenn and MeadWestvaco (MWV) have joined to create a provider of consumer and corrugated packaging in a transaction with a combined equity value of $16bn.
Mondelēz International third-quarter earnings fell 11% compared to last year due to disputes with French retailers over wholesale pricing changes and 'soft' developed market demand.
Synder’s-Lance will kick-start a restructuring plan to improve margins and drive focus on its branded products following the completion of its private brands divestment to Shearer’s Foods.
The founder of Woats Oatsnack has plans to expand the kids snack line and says the company’s pledge to inspire young kids has underpinned business success so far.
Grupo Bimbo hopes to boost Mexican business thanks to an agreement with Visa via its technology subsidiary that enables small Mexican retailers to accept electronic card payments.
PepsiCo's third quarter (Q3) results reveal good year-to-year growth within snack division Frito-Lay, despite the continuing challenge of a trade landscape divided between volatile emerging economies and sluggish developed markets.
Bimbo Bakeries USA (BBU) will rise to the challenge of increased market competition following the re-entry of Hostess Brands last week, its president says.
Increased investment in marketing and advertising will drive sales in the back half of the year, said the company’s CEO who sees the company as being on track to being ‘a premium, differentiated leader in snack foods’.
Irish food and ingredients giant Kerry Group has reported a 10.8% increase in operating profit for the year of 2012 on the back of strong growth driven by its ingredients and flavours arm.
Offloading Skippy peanut butter - which still generates the majority of its $370m annual sales in the mature US market - will continue to skew Unilever’s portfolio towards faster-growing emerging markets, says one industry analyst.
