Dutch retailer Ahold has said it expects to see its margins recover in the Netherlands after conceding they were "weaker than expected" in the first half. Ahold this morning (22 August) booked an increase in first-half profits but its ...
Tags: Ahold, margins recover, profit, food industry
Canadian food manufacturer and retailer George Weston has said it expects sales from its Weston Foods business to fall in 2012 after sales slid in the third quarter. George Weston, which supplies branded and own-label bread and biscuits ...
Tags: Weston Foods sales, volumes, Q3 profits
Former Lactalis boss Michel Léonard has been appointed CEO of Groupe Doux, the French poultry processor that went into receivership earlier this month. Léonard, who was Lactalis president for nine years until 2009, takes the ...
Tags: Doux, CEO, receivership
French dairy group Danone has warned that its profits will be hit by weaker margins during fiscal 2012. Danone today (19 June) lowered its margins outlook for the financial year from "stable" to "down 50 basis points", citing a weak ...
Tags: margins outlook, Sales target, margins
US cereal giant Kellogg has booked a drop in first-half profit as raw material prices and weakness in Europe weighed on earnings. Net profit in the six months to the end of June amounted to US$659m, a 7% decline on the prior-year period, ...
Shares in Dutch food group CSM closed up today (8 August) after the company reported half-year profits that beat analyst forecasts and it provided an update on the planned sale of its bakery business. CSM shares finished 3.05% higher on ...
Tags: Dutch food, bakery businesses, net sales
US dairy group Dean Foods has reported a jump in half-year profits as a focus on costs offset flat sales. Dean Foods yesterday (7 August) reported net income of US$94.5m for the six months to the end of June. A year earlier, it had booked ...
Tags: Cost control, Dean Foods Profits, Dean Foods
Dutch retailer Ahold has booked an increase in first-half profits but its shares fell amid pressure on margins and the company's caution over future trading. Earnings in the six months to the end of June climbed 8.2% to EUR530m ...
Tags: Ahold, shares, margins, amid pressure
Brazilian food group Brasil Foods has said it will look to increase prices to offset the recent spike in commodity costs. The company yesterday (14 August) reported a slump in half-year profits that was partly thanks to a spike in grain ...
Tags: Brasil Foods, Foods, food group, food prices
American food company HJ Heinz has reported that its net income for the fiscal first quarter ended 29 July 2012 increased 14% to $258.02m, up from $226.11m in 2011, driven by growth in the emerging markets, and strong results in the US and ...
Tags: growth in the emerging markets, Emerging Markets, Heinz
US-based food company Kellogg has reported that its net earnings for the third quarter of 2012 increased 2.5%to$296m or$0.82 per share,compared to$290m or$0.80 per share for the same period in the previous year,due to the strong performance ...
Kellogg,a US-based cereal maker,has reported that its net income for the second quarter ended 30 June 2012 decreased by 10.6%to$301m,compared to$343m for the same period in 2011. The company posted 2.6%increase in net sales ...
Tags: net income, cereal, net sales, costs, foreign exchange
Australian food group Goodman Fielder, which has made losses in its last two financial years, said today (22 November) it had secured a "milestone" agreement on prices and recovering input costs. MD Chris Delaney said Goodman Fielder had ...
Tags: Goodman Fielder, losses, food, bread, artisan bread
Heinz reaffirms previously announced Fiscal 2013 full-year sales and profit outlook. Reconciliations of non-GAAP amounts are set forth in the attached financial tables.Results excluding productivity charges in Fiscal 2012 represent the ...
Tags: Heinz, sales, profit, food giant
US dairy giant Dean Foods raised its full-year earnings outlook after booking better than expected third-quarter profits. Dean Foods said third-quarter net income rose to US$36.4m,up from a loss of$1.5bn last year when the company booked ...
Tags: earnings outlook, net income, change