quarterly results
UK sector trade with EU falls amid pandemic, yet records increases in other world markets
The UK’s Food and Drink Federation (FDF) has released its latest quarterly industry figures, which reveal that sales for the sector fell £700 million during the first period of 2020 amid the coronavirus pandemic.
Business news, Cocoa & chocolate, New products, Sustainability
Mondelēz withdraws 2020 forecast yet reports quarterly improvement
Mondelēz International has reported a first quarter 2.6% rise in net revenues to $6.7 billion, though has withdrawn its forecast for the remainder of 2020 amid coronavirus-affected markets around the world.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Hershey confirms $1million move producing face masks to tackle coronavirus
The US-based Hershey Company has confirmed plans to invest $1 million to acquire, install and staff a new manufacturing line dedicated to the production of face masks in response to tackling the ongoing coronavirus pandemic.
Business news, Cocoa & chocolate, Food safety, Ingredients, Processing, Sustainability
Quarterly growth achieved by Mondelēz International’s snacks business
Mondelēz International has recorded third quarter net venue growth of 1.1%, to a figure of $6.3 billion amid extensions to its global product portfolio.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Olam International reports steady performance despite market challenges
Olam International has reported a steady operating performance, recording $15.9 billion revenues for the first half of 2019, against $13.7 billion for the same period last year.
Business news, Cocoa & chocolate, Ingredients, Sustainability
The Hershey Company records second quarter financial growth
The US-based Hershey Company has delivered an increase in net sales for the second quarter of 2019, recording figures of $1,767 million, up 0.9% year-on-year.
Hershey Company records global quarter sales growth of 2.3% to $2.02 billion
The US-based Hershey Company has reported net sales of $2.02 billion for the first quarter of 2019, showing an increase of 2.3% across its international confectionery operations.
Business news, Cocoa & chocolate, Ingredients, Sustainability