Ralcorp Holdings has acquired Italian private-label frozen ready meals maker Gelit for an undisclosed sum. Gelit, based in Cisterna di Latina, employs around 130 staff and produces frozen ready meals for sale in the US and Italy. The ...
Tags: Ralcorp Holdings, frozen ready meals, food industry, company news
Swedish confectioner Cloetta has today (24 August) reported higher half-year losses, hit by higher commodity costs but also its merger with rival Leaf International. Cloetta booked a loss of SEK241m (US$36.5m) for the six months to the ...
Tags: Cloetta, operating profit, operating loss, sugar
Better productivity has boosted profits at regional US retailer Weis Markets, which has seen sales remain flat in the first half of its financial year. The company said yesterday (31 July) its net income increased 10% in the six months to ...
Tags: Weis Markets, sales, net income, Productivity
Lotte Confectionery has reported a slide in first-half profits after a weak second quarter. For the six months to the end of June, the South Korea-based confectionery maker reported net profit down by 14% on the same period of last year, ...
Tags: Lotte Confectionery, first half profits, profit, company news
Turkish retailer Migros Ticaret has booked an increase in first-half profits after "strong" same-store sales. In the six months to the end of June, EBITDA totalled TRY196m (US$107.1m), a 10% increase on the prior-year period. Gross profit ...
A fall in costs pushed up half-year profits at Fresh Del Monte Produce despite the US company reporting lower sales. Fresh Del Monte said today (31 July) its first-half net income was US$119.7m, up from $90.4m a year earlier. The higher ...
Tags: Fresh Del Monte Produce, lower sales, profit, company news, food industry
Canadian food manufacturer Maple Leaf Foods has booked a drop in first-half profits. In the six months to the end of June, net earnings amounted to C$33.3m (US$33.2m), a 5.2% decline on the prior year. Adjusted operating earnings, ...
Tags: profits, food manufacturer, food, net earnings
Price increases to offset higher commodity costs has boosted sales - and therefore profits - at US nut firm John B. Sanfilippo & Son. The company booked net income of US$7.5m for the quarter to 27 September, compared to $2.2m a year ...
Tags: commodity costs, sales, food market, food industry
Spanish food group Ebro Foods has recorded an increase in profit in the first nine months of the year driven by the integration of businesses acquired last year and innovation. Ebro posted a net profit of EUR110m (US$141.6m) in the ...
Tags: profit rise, Ebro Foods, acquisition, food industry
Boosted by growth in all segments,Jotun Group announced strong tertiary and year to date numbers in its latest financial report. "We are happy with the continuous sales growth and EBITA development after a challenging 2011,"said Morten ...
Tags: Jotun Group, financial report, coatings
Canadian food manufacturer and grocer George Weston has recorded a decline in first-half profits thanks to costs from retail division Loblaw. In the six months ended 16 June, net profit dropped 7.1% to C$367m (US$366.4m) as higher costs ...
Tags: Net profit, Operating profit, Net sales
US food manufacturer Lancaster Colony has booked a drop in full-year profits. In the 12 months to the end of June, earnings slid 9.9% to US$95.8m. Operating profits in the period dropped 2.5% to US$143.3m. Lancaster's speciality foods ...
Tags: Lancaster Colony, full year profits, drop, food industry
Nestle executive Stuart Irvine is to become CEO of Australian dairy-to-beer group Lion next year. Irvine will replace Rob Murray in January. Lion announced in February that Murray, himself a former Nestle executive, would leave the Pura ...
Price rises have helped US-based nut group John B. Sanfilippo & Son to book a 4% increase in full-year sales, despite lower volumes. For the 12 months to the end of June, Sanfilippo & Son saw net sales reach US$700.6m. The group ...
Tags: nut, sales rise, food market, food sales, food industry
Hain Celestial has today (22 August) been announced as the buyer of Premier Foods plc's spreads assets, including brands such as Hartley's jam and Sun-Pat peanut butter. The US food group had been linked to Premier's spreads business, ...
Tags: Hain Celestial, Premier Foods plc, peanut butter, food industry