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grocery division
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Metcash Group Profits Turnaround in Latest Results But Supermarket Profits Down
Jun 23, 2016Grocery wholesaler, Metcash, has turned its profits around announcing a AUD$216.5 million profit after tax for the 12 months ended 30 April 2016. This is a vast turnaround on its AUD $384.2 million loss it reported for the prior 12 month ...
Tags: grocery wholesaler, ASX
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Metcash Announced a Drop in Its Underlying Profit After Tax of 9 Per Cent
Dec 2, 2014Australian wholesaler and distributor of groceries and hardware products Metcash Limited (Metcash) has announced a drop in its Underlying Profit after Tax of 9 per cent, to $101.7 million, which it said was due to “ongoing operating ...
Tags: hardware products, groceries, Agriculture
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Pinnacle Foods Sets up R& D Pilot Plant as a Strategy to Revamp Its Iconic Brands
Jun 11, 2014Pinnacle Foods has opened new R&D pilot plant at Rutgers University, as part of its strategy to revamp its iconic brands. The pilot plant at Rutgers Food Innovation Center - North is the first university-affiliated pilot site for ...
Tags: Agriculture, Food
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Goodman Fielder Expects Its EBIT in The 2014 Financial Year
Apr 3, 2014Bread and snack food manufacturer Goodman Fielder has announced it expects its earnings before interest and tax (EBIT) in the 2014 financial year to be approximately 10 to 15 per cent lower than the previously expected $180 million. The ...
Tags: Agriculture, Food
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Growing Investor Interest in The Australian Processed Food Sector
Jan 9, 2014Growing investor interest in the Australian processed food sector and divestments by large Australian food manufacturers are becoming more frequent. The recent drop in the Australian dollar and export market opportunities may be driving ...
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Goodman Fielder to Sell Biscuits Unit in Australia to Green's Food for a$17m
Dec 26, 2013Australasian food company Goodman Fielder is set to sell its biscuits business in Australia to Green’s Food Holdings in a A$17m deal. The unit offers various sweet and savory biscuits including, cookies, creamies and fancies, ...
Tags: Biscuit, Goodman Fielder
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The Closure of Premier Foods' Barry Mill Plans to Reorganise Its Milling Business
Jul 18, 2013The closure of Premier Foods' Barry mill in the Vale of Glamorgan – with the loss of 43 jobs last week – and plans to reorganise its milling business into two parts could herald its sale, according to City analyst Investec. ...
Tags: Milling Business, Agriculture, Food
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Allied Bakeries' Deal to Co-Op Stores Has Helped Grocery Division Achieve 7% Growth
Jul 12, 2013Allied Bakeries' deal to supply bread to Co-op stores has helped the grocery division of its parent company Associated British Foods (ABF) achieve 7% growth in the third quarter of its financial year. ABF's grocery division posted third ...
Tags: Agriculture, Food
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Kraft Foods Is Set to Split Its Grocery Segment to Two Standalone Business Units
Jun 18, 2013US-based c - Meals and Desserts, and Enhancers and Snack Nuts in order to focus on brand-building while reducing the complexity of managing a portfolio of distinct brands and product categories. The new business structures and leadership ...
Tags: Agriculture, Food, Kraft
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Allied Bakeries Is on Target to Commission Its Largest Bread Plant
Apr 24, 2013Allied Bakeries is on target to commission its largest bread plant, with a capacity of 10,000 loaves an hour, at Walthamstow in East London this summer. Allied Bakeries plans to commission its largest bread plant, with a capacity of ...
Tags: Allied Bakeries, Food
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ABF Forecasts Flat Revenue From Its Grocery Division in The First Half of Its Fiscal Year
Feb 26, 2013Associated British Foods has forecast flat revenue from its grocery division in the first half of its fiscal year amid challenging conditions in bread markets in the UK and Australia. ABF, which owns the Kingsmill bread brand in the UK ...
Tags: ABF, flat revenue, grocery division
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Sugar Prices Helped Boost Revenues and Offset Flat Grocery Sales for ABF
Dec 13, 2012Rising sugar prices in Europe helped boost revenues and offset flat grocery sales for Associated British Foods in its third quarter. Group sales climbed 13% in the 16 weeks ended 23 June, the Ryvita maker said today (12 July). Sugar ...
Tags: sugar prices, grocery sales, Associated British Foods, third quarter
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Save Mart Is to Hold Talks with Union Officials in a Bid to Resolve a Dispute Over Cuts
Dec 13, 2012US retailer Save Mart is to hold talks with union officials in a bid to resolve a dispute over cuts being made to staff salaries and health care. Save Mart's offer for discussions follow a union vote in which a majority of members backed ...
Tags: Save Mart, union officials, dispute, staff salaries, health care
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Some 900 Jobs Are to Go at Premier Foods Plc
Dec 12, 2012Some 900 jobs are to go at Premier Foods plc after the Hovis manufacturer announced a range of measures to reshape its bread business. Premier plans to close two bakeries, cut over 100 distribution routes and revamp its logistics ...
Tags: Premier Foods, bread arm, bread business, Foods
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Australian Retail Distributor Metcash Has Booked a Drop in Full-Year Profit
Dec 11, 2012Australian retail distributor Metcash has booked a drop in full-year profit. For the 12 months to the end of April, earnings dropped to A$90m (US$90.4m) from A$241.4m in the prior-year. Metcash blamed the decline on restructuring costs ...
Tags: Metcash, full year profit drop, food retail, food industry