Posted by Turgut Ziyal on Friday, February 12, 2010,
In :
FMCG
PepsiCo plans to stregnthen its global leadership"in snacks in 2010 through acquisitions and the development of healthier products. The firm reported yesterday (11 Feb.) a 16% increase in full-year profits, driven by gains in its worldwide snack and international beverage businesses.
CEO and chairman Indra Nooyi said they will continue to grow our current businesses in developed markets and will extend their reach into new markets with targeted acquisitions,said also they will continue to ... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 10, 2010,
In :
FMCG
Kellogg Company today announced solid operating profit growth for the full-year and fourth quarter 2009.Reported earnings for full-year 2009 were $1.2 billion, or $3.16 per diluted share, an increase of 6 percent from full-year 2008 of $1.1 billion, or $2.99 per diluted share which included a 53rd week in the fourth quarter of 2008. On a currency neutral basis, full-year 2009 earnings per share grew 13 percent. Reported earnings in the fourth quarter of 2009 were $176 million, or $0.46 per d... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 10, 2010,
In :
FMCG
Sara Lee Corp. reported monday strong operating income growth for the second quarter of fiscal 2010, driven by significant improvement in operating segment income across the company, particularly in the North American Retail and International Beverage business segments, and lower corporate expenses. Net income also rose sharply, driven by higher income from continuing and discontinued operations, partially due to one-time tax benefits and lower charges for significant items. Net sales were u... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 10, 2010,
In :
FMCG
Unilever has announced underlying sales growth of 3.5% for 2009, but blamed “a challenging environment” for a slump in profits.Price cuts helped drive volume growth of 2.3% over the year, accelerating in the fourth quarter to 5%. The volume increase was seen across most of its key categories.But profits before tax fell significantly from €7bn to €4.9bn, while total sales were down 1.7% to €39.8bn. Advertising and promotional spend increased by 80bps across the year. Unilever also sa... Continue reading ...
Posted by Turgut Ziyal on Wednesday, January 20, 2010,
In :
FMCG
As Haiti struggles in the wake of last Tuesday's earthquake, companies including Coca-Cola, ConAgra and Kellogg are giving money to the American Red Cross for help. Procter & Gamble, meanwhile, is working with organizations "to assess the situation and determine how much of our PUR Purifier of Water product is available in the area to be deployed and how much more we would need to ship," said a spokeswoman. Continue reading ...
Posted by Turgut Ziyal on Saturday, November 14, 2009,
In :
FMCG
Steps You Can Take to Slowly Return to Higher Profitability
By Chris Dickey
Published: November 10, 2009
General business strategy dictates that there are two ways a business responds to a dramatic downturn in consumer spending. They cut costs and/or discount heavily to drive traffic and lure beaten consumers out of their malaise. Both approaches are easy levers to pull because they have a salient short-term impact. The rub lies in not knowing what the long-term im... |
In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document.
I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
