Campbell’s chases more savings as bleak outlook delays turnaround
The Campbell’s Company plans to close another snacks plant as the Kettle chips maker guided to another year of falling sales and profits. The post Campbell’s chases more savings…
Actualité Alimentaire
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Tyson issues another profit warning
Tyson Foods has cut its forecasts for sales and profits again, a month after warning persistent cattle shortages would deepen losses in its beef business. The post Tyson issues…
Hilton Food Group posts mixed first half results
Hilton Food Group has reported adjusted profit before tax decreasing by 5.2 per cent to £32.8m, compared to the year prior, while revenue grew by 15.3 per cent to £2.3bn,…
Jules Destrooper makes a profit for the first time in six years
After several difficult years, Jules Destrooper is back in the black. The cookie manufacturer was acquired by a new owner ten years ago, who turned the company around, and has…
South Africa's Woolworths Annual Profit Rises 5.3% On Strong Online Sales
South Africa's Woolworths Holdings reported a 5.3% rise in full-year headline earnings driven by strong online sales in its food division.
Comvita “on firmer ground” after honey maker books profit
Comvita is “on considerably firmer ground”, the honey maker’s chair has said, after the company returned to profitability in its most recent fiscal year. The post Comvita “on…
Libstar issues profit warning linked to impairments
South African food company Libstar has warned first-half earnings will decline, with impairments and other non-recurring items holding back profits. The post Libstar issues profit…
Newman’s Own bets on its purpose-driven heritage to engage millennials
Years after Paul Newman’s death, the brand’s new CMO sees opportunity in amplifying its use of good ingredients and that profits go to charities.
Lifeway delivers record revenues in Q2
Gross Profit Margin equaled 19.5%, compared to 28.6% in the prior-year period, primarily reflecting elevated milk prices, temporary increases in resin costs for packaging and…
Nomad Foods slashes EPS forecast on debt restructuring
Nomad Foods has slashed its EPS guidance as the Findus brand owner posted an anticipated decline in second-quarter sales and profits. The post Nomad Foods slashes EPS forecast on…
Apetit issues profit warning as hot weather hits peas
Apetit has cut its full-year profit outlook, citing “challenging” weather conditions in Sweden that are expected to reduce pea crop yields. The post Apetit issues profit warning…
Smithfield Foods Trims Full-Year Forecasts As Consumers Rein In Spending
Smithfield Foods cut its annual total sales and adjusted operating profit forecasts, citing ongoing challenges.