Dairy Processor News / Top 100
Earnings report

Yoplait Greek yogurt shows gains, but the division's total 1Q sales decline, reports General Mills

Yoplait Greek yogurt saw 'strong sales gains' but overall sales for the Yoplait division declined.

General Mills, Minneapolis, today reported results for the first quarter of fiscal 2013 (the 13 weeks ended Aug. 26). The period includes two months of incremental contribution from the Yoplait International acquisition completed in July 2011, and three months of results for the Food Should Taste Good, Yoplait Ireland and Parampara Foods businesses acquired during the final quarter of fiscal 2012. 

General Mills Yoplait greek yogurt Yoplait light fsi free-standing insert blog dairyfoods.comDuring the first quarter of 2013, General Mills launched more than 100 new products worldwide. Established brands, including Yoplait Greek yogurt, also contributed strong sales gains, according to the company's press release. Still, sales for Yoplait declined, the company said.

Chairman and Chief Executive Officer Ken Powell said this start has the company on pace to achieve its fiscal 2013 targets.

International segment net sales grew 36 percent overall, with gains of 51 percent in Europe and 28 percent in Canada including incremental contributions from the Yoplait International acquisition. Both Latin America and the Asia / Pacific region posted 20 percent gains in constant-currency net sales. (Please see Note 8 below for reconciliation of this non-GAAP measure.) International segment operating profit grew 56 percent to $126 million, including increased advertising and media expense.

Powell said, “In our core U.S. market, we are seeing slow improvement in price and volume trends across our retail food categories. As we move into the second quarter, we’ll be putting full advertising support behind our new items, and we have planned strong levels of in-store merchandising across our product categories. Outside the U.S., our established international businesses are showing good momentum and, beginning in the second quarter, results will include incremental contributions from Yoplait Canada and Yoki Alimentos in Brazil.”

Access the webcast from General Mills’ internet home page: generalmills.com.
 

Did you enjoy this article? Click here to subscribe to Dairy Foods Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

4 mouth-watering grilled cheese sandwiches you have to make in April, National Grilled Cheese Month

In recognition of National Grilled Cheese Month (April), Arla Dofino asked two food bloggers to re-imagine this comfort-food classic.

Heidi Larsen of FoodieCrush.com and Maria Lichty of TwoPeasAndTheirPod.com created four grilled cheese sandwich recipes that call for creamy Havarti, dill Havarti, smoked Gouda and Eureka! Organic Breads products.

Arla Foods, a cooperative owned by European dairy farmers, is the fifth largest dairy company in the world. The Arla Dofino brand of cheese includes Havarti, Gouda, Edam and Fontina, which are made by the Hollandtown Dairy in Kaukauna, Wis.

3/31/15 2:00 pm EST

Raising the bar with in-line mixing and blending technologies: high output with flexibility and low costs

On Demand In this webinar, you will be introduced to advanced in-line blending, dosing and mixing technologies that offer high flexible productions, reduced product losses, shorter batch times, uniform products, and reduced ingredient costs. As a result, Food Manufacturers can optimize their productions and increase their profitability.

Dairy Foods Magazine

april df cover

2015 April

We look inside Kroger's Denver plant; Also, see what trends are happening in yogurt.

Table Of Contents Subscribe

Cheese

What is your favorite way to eat cheese?
View Results Poll Archive

THE DAIRY FOODS STORE

tharp-and-young-on-icecream.gif
Tharp & Young on Ice Cream: An Encyclopedic Guide to Ice Cream Science and Technology

An at once an all-inclusive guide to the meaning of hundreds of technical terms and ideas needed for ice cream manufacturing, as well as a practical introduction to the ingredients, freezing methods, flavoring, and packaging of ice cream, sherbet, sorbet, gelato, frozen yogurts, novelties and many other kinds of frozen desserts.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook logo 40px 2-12-13 Twitter logo 40px 2-12-13  YouTube logo 40px 2-12-13  LinkedIn logo 40px 2-12-13google plus

Dairy Foods Buyers Guide

cover df july 2013Resource for buyers in the dairy processing industry to find information on the leading suppliers and manufacturers.

Find Ingredients, Equipment, Distribution, R&D and More.

Start Your Search Today.