performance
State of the Industry reflections: John Downs, NCA’s president and CEO interview
Seeming in relaxed form, John Downs concluded the event with some added notes of motivation for the assembled audience, reaffirming his view that there’s plenty of dynamism and determination that will see the industry within the US through its various supply chain challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Regulatory, Sustainability
Tate & Lyle’s annual revenues hit by weaker consumer demand
The global Tate & Lyle Plc group has released its latest trading update for the year ending March 2024, with the business impacted by challenging conditions as revenue fell 4% year-on-year, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Walker’s shortbread marks 125th anniversary year with turnover upturn
Scotland’s Walker’s Shortbread is in celebratory mood after witnessing its annual turnover climb by 16%, rising from £142.4m to £164.6m, driven by US and UK markets, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Sustainability
Kerry confirms Australian sites have delivered on renewable energy strategy
Taste and nutrition group Kerry has confirmed that electricity in its Australia sites is now fully aligned to 100% renewable sources, further boosting its environmental performance, reports Neill Barston.
Business news, Ingredients, New products, Regulatory, Sustainability
Key confectionery leaders to explore sector goals at NCA’s State of the Industry Conference
US confectionery leaders are set to assemble in Miami this weekend for the National Confectioners Association’s State of the Industry Conference, placing a critical spotlight on this year’s major market trends and developments, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Nestlé anticipated to raise prices amid challenging market conditions with annual results
Nestlé is anticipated to raise prices further this year, following increases on flagship ranges including KitKat, as the company noted challenging trading conditions that have impacted on its international operations, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Processing, Regulatory, Sustainability
Mondelēz hails annual growth, with European and US operations performing strongly
The European and US operations of Mondelēz International helped secure improved annual net revenues up 9.7% to $31.49 billion, as the business also delivered encouraging results for its fourth quarter, reports Neill Barston.
Hershey records second quarter growth, despite supply chain and ingredients challenges
Hershey has reported sales growth for the second quarter of its financial year, with net sales of $2.34 billion for the period, representing a 19.3% increase, despite a backdrop of challenging wider market conditions, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Barry Callebaut posts significant performance upturn with half-year results
A key upturn in financial performance was recorded by the Barry Callebaut Group for its latest half-year results, with sales revenues increasing 15.8% to CHF 4.03 billion, and net profits rising 3.6% to CHF 212.1 million, reports Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Processing, Regulatory
Barry Callebaut records first quarter growth, driven by chocolate business performance
Barry Callebaut has reported a key upturn in its results for its first financial quarter, with sales revenues up 14% to CHF 2,03 billion, driven by strong growth in its chocolate portfolio, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Barry Callebaut Group reports on full-year results for 2020/21
Swiss-headquartered Barry Callebaut Group has released its full-year results for the fiscal year 2020/21, reporting healthy growth for its chocolate and cocoa business.
Hershey sees major sales growth across its global markets
A key upturn in performance for US-based confectionery group Hershey, has seen increased consumer demand see results quarterly figures increase 16.5% year-on-year, to $1.99 billion, according its latest results, reports Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Spanish fruit and nut firm Importaco records key upturn in annual results
Spanish dried fruit and nut specialist, Importaco Group, has reported a strong performance for 2020, recording turnover of £570.66 million (€661.8 million), a 13% year-on-year increase, writes Neill Barston.
Cocoa & chocolate, Food safety, Ingredients, Processing, Regulatory, Sustainability
Nestlé confectionery sales rise despite pandemic
Nestlé has recorded increased revenues from its confectionery division, recording CHF 1.7 billion in sales for its latest quarter, against 1.63 billion for the same period in 2020, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability