Tag Archive
Nestle Misses Out – US-FOREX.US
European food companies like Unilever and Cadbury have generally done well out of the second quarter, posting solid sales growth even if the recession threatened to take a bite out of profitability. This made Nestle’s quarterly performance look all the more disappointing on Wednesday, as it failed to turn around a decline in sales and… »
Cadburys Gum Sandwich – US-FOREX.US
Before the recession hit, British candy maker Cadbury had to fight to defend its image as consumers became increasingly health-conscious. It launched “99-calorie” candy bars in 2005, acquired organic premium chocolate maker Green & Black’s and even promoted a scheme to allow schoolchildren to trade empty wrappers for sports equipment. Although chocolate sales still… »
Going Cocoa For Cadbury – US-FOREX.US
It used to be all about the gum-now it’s all about the cocoa. Cadbury said Wednesday that its candy bars had led the charge in the second quarter, with chocolate sales hitting double-digit growth, while its chewing-gum brands eked out a 2% sales increase. It’s not hard to work out why, with hard-pressed consumers in… »
Fast Food Fading – US-FOREX.US
In lean times, people are less likely to stop and chew the fat. That’s according to UBS analyst David Palmer, who follows the fast-food industry for the Swiss investment bank. While fast-food chains have earned a reputation for giving customers more grub for their buck, the recession in the U.S. is taking a bite out… »
Danone Milks The Benefits Of Promotions – US-FOREX.US
French dairy company Danone is looking healthier. Following a decline in earnings in the first months of the year, the owner of Evian posted a 6% rise in first-half net profits thanks to an aggressive investment in promotions, and reiterated its 2009 targets of medium-term guidance of an 8-10% increase in recurring earnings per share.Danone,… »
Pizza Entrepreneurs Hooked On Dominos – US-FOREX.US
It’s no secret that the recession in Britain has boosted demand for cheap thrills, whether it’s a night out at the movies or staying in with a pizza, and delivery chain Domino’s Pizza UK on Monday once again wowed market watchers with a set of strong six-month results. The recession has also led to more… »
Wal-Mart Turns To Private-Label Products – US-FOREX.US
As budget-minded shoppers roll through grocery store aisles looking for ways to stretch their cash, grocers are responding to the competitive pricing environment by doing their own share of penny-pinching.For Wal-Mart Stores
-which touted itself as the low-price leader even when other stores tried to lure higher-income shoppers with remodeled stores and improved product mix-private-label products… »
Did Someone Order Savings – US-FOREX.US
Quarterly results from ConAgra Foods on Thursday proved that budget-minded consumers will buy brand-name products if they consider them a good value. Convenience and price dictate shoppers’ buying decisions, resulting in double-digit sales growth for the Omaha, Neb.-based company’s frozen meal lines like Healthy Choice, Marie Callender’s and Banquet. On Thursday, ConAgra Foods
said enhanced marketing… »
Food Industry Is Hungry For Profits – US-FOREX.US
ConAgra Foods is preparing to report fourth-quarter earnings on Thursday morning, but analysts warn the popularity of grocery stores’ private-label brands could chew into profits. According to one stockpicker, however, the company’s lower input costs are helping it close the pricing gap. After grocery store operator Kroger announced a meaty 12.7% boost to first-quarter profits… »