Top 100 - Articles - Page 8

Quarterly earnings

Yoplait yogurt lifts General Mills' Q1 sales

New products contributing to net sales growth in the quarter included Yoplait Greek yogurt, the company stated.

September 18, 2013

Yoplait yogurt products contributed to a first-quarter sales increase at Minneapolis-based General Mills. Net sales rose 8% to $4.37 billion in the quarter ended Aug. 25, with new businesses contributing 5 percentage points of the growth, according to the company.

Labor pains

Darigold, Teamsters lock horns over health care costs

Rowe said union members are currently paying 5% of health care costs. Darigold has assured the union that they would not pay more than 10%.

September 18, 2013

Darigold Inc., Seattle, disputed the assertion made by the Teamsters today that it walked out of federal mediation talks late Monday night. Darigold General Counsel and Senior Vice President Steven Rowe told Dairy Foods that some members of the dairy cooperative's team did leave the meeting but continued to participate by telephone after they arrived home. Rowe said the bargaining session lasted from 10 a.m. to 11 p.m.

The world of dairy

Chinese dairies crack the ranks of the world's 15 largest firms

Nestle, Danone and Lactalis remain on the top of the list.

September 10, 2013

“The top five companies remain unchanged in their position on the list, yet there are now two Chinese companies in the rank of the largest 15 companies, whereas there were none in the top 20 until 2008,” said Rabobank analyst Tim Hunt. “In contrast, the lack of a U.S.-based global consolidator means that the rankings of U.S. companies has declined.”

Acquisitions

DFA acquires Maryland's Dairy Maid Dairy

Dairy Maid has been owned and operated by the Vona family since 1946 and is currently led by brothers, Jimmy and Jody. The Vonas will continue to manage the day-to-day operations.

September 4, 2013

Dairy Farmers of America (DFA) has acquired Dairy Maid Dairy. Located in Frederick, Md., Dairy Maid is a family-owned processor of milk, juice and fruit drinks. Dairy Maid has been owned and operated by the Vona family since 1946.

Dairy exports

Darigold, Maryland & Virginia co-op to export 3.8 million pounds of cheese, butter

Darigold and Maryland & Virginia Milk Producers Cooperative Association have a contract to sell Cheddar, Gouda and Monterey Jack and butter.

August 27, 2013

Maryland & Virginia Milk Producers Cooperative Association and Northwest Dairy Association (Darigold) will sell 3.296 million pounds of Cheddar, Gouda and Monterey Jack cheese and 493,284 pounds of butter to customers in Asia and Europe.

Yogurt blends

Dannon parent company buys U.S. yogurt maker YoCrunch

YoCrunch is known for the candy and cereal toppings in its yogurt snacks.

August 9, 2013

Danone, the parent company of U.S. dairy processor Dannon, announced today that it has acquired YoCrunch.

Big cheeses (and others)

Nestlé USA takes the top spot on the Dairy 100

Dean Foods loses its No. 1 spot because it sold Morningstar to Saputo and spun off WhiteWave. Nestlé is the largest publicly held firm, Schreiber Foods is the largest privately owned business and Land O'Lakes is the top dairy co-op.

James Carper

August 6, 2013

Nestlé USA is North America's largest dairy processor, bumping off Dean Foods Co. which held the spot for at least half of the 20 years that Dairy Foods has been compiling the Dairy 100.

Corporate earnings

Q2 cheese revenues rise at Kraft; net revenues for the company down 1.1%

In the company's Cheese Segment, revenues increased from a combination of higher prices, volume gains and improved product mix with significant gains in Kraft natural cheeses and Velveeta

August 1, 2013

Kraft Foods Group, Inc. Northfield, Ill., reported today that net revenues in the second quarter declined 1.1% to $4.7 billion and that operating income increased 53.5% to $1.4 billion in the period. In the company's Cheese Segment, revenues increased from a combination of higher prices, volume gains and improved product mix with significant gains in Kraft natural cheeses and Velveeta.

Corporate earnings

Dairy products contribute to Q2 sales increase at Land O'Lakes

The company said earnings improvements year-on-year have been driven mainly by its Dairy Foods division, which had been negatively impacted in the first half of 2012.

August 1, 2013

Land O'Lakes said sales increases during the second quarter were achieved in all three core businesses, which include Dairy Foods, Crop Inputs (WinField) and Feed (Purina Animal Nutrition). First half sales were improved in all business segments, including Layers.

Corporate earnings

Q1 sales at Dean Foods are flat

First quarter consolidated operating income totaled $71 million, compared to first quarter 2012 consolidated operating income of $90 million.

May 9, 2013

Dean Foods Company (NYSE: DF) today announced strong first quarter 2013 results. The Company reported first quarter 2013 diluted earnings per share of $2.63, compared to first quarter 2012 earnings per share of $0.20. These financial results reflect the January 2013 sale of the Company's Morningstar business, the gain of which is the primary driver of the diluted earnings of $2.63 per share and is reflected in discontinued operations, as well as the Company's majority ownership interest in its consolidated subsidiary, The WhiteWave Foods Company