Top 100 - Articles - Page 9

Quarterly earnings

Natural cheeses, Velveeta star in Kraft Foods Group's Q1 results

The company saw "significant consumption growth" in its natural cheeses and Velveeta business in the first three months of the year.

May 2, 2013

"We're off to a solid start," said Tony Vernon, CEO of Kraft. "Our first quarter results reflect strong returns on our new product innovations to date, as well as the fact that our cost savings outpaced our plans to reinvest in our brands."

Corporate earnings

2012 sales rise 16% for Lifeway Foods

Cost of goods sold as a percentage of net sales was 64% during 2012, compared to 67% in 2011.

April 2, 2013

Lifeway Foods Inc., (Nasdaq: LWAY), said its gross sales increased 16% for the year ended Dec. 31, 2012. Sales totaled approximately $89.8 million compared to $77.1 million in 2011.

Longevity

Nestle celebrates 20th anniversary of facility in Morocco

The factory produces Nestlé branded products such as Nido, Nescafé, Cerelac and Maggi.

March 26, 2013

Over the past two decades the annual amount of milk collected has increased from 6.6 million liters to 80 million liters, sourced from around 16,000 farmers. The factory produces Nestlé branded products such as Nido, Nescafé, Cerelac and Maggi.

Corporate earnings

AMPI reports $1.7 billion in sales in 2012

Cheese production grew by 11 million pounds, butter by 5 million pounds.

March 25, 2013

AMPI’s core products were the cooperative’s top performers in 2012. Cheese production, which represents 57% of total sales, grew by more than 11 million pounds as compared to one year earlier. Butter production continued to grow steadily, increasing 5 million pounds.

Corporate earnings

Net income more than doubles, but DFA reports loss for the year

CEO Rick Smith says, "We are in a position to manage the short-term impact of these non-recurring items on our overall balance sheet.”

March 21, 2013

Dairy Farmers of America reported today its net income increased more than 100% in 2012 — $83 million for 2012, compared to $40 million for 2011 — but after non-recurring items, DFA reported a net loss of $133 million for the year.

Corporate earnings

Yoplait for retail, foodservice customers contribute to General Mills' Q3 gains

In the Bakeries and Foodservice segment, the Yoplait Parfait Pro yogurt line made a strong contribution to third-quarter sales.

March 20, 2013

The company said products making the strongest contributions to U.S. Retail net sales growth in the third quarter included new items such as Yoplait Greek 100 yogurt.

Plant closure

Saputo will close Quebec cheese plant in 2014

Last month, the international cheesemaker shuttered its factory in Wales.

March 15, 2013

Saputo Inc., Montreal, announced on March 14 that it will close its cheese manufacturing facility in Warwick, Quebec, Canada, in June 2014.

Annual report

Dairy food sales tumble 4% at Land O'Lakes; total sales rise 10.2%

Total sales for the dairy co-op were a record $14.1 billion.

February 26, 2013

Land O'Lakes Inc. reported 2012 sales of $14.1 billion (up 10.2% from 2011) and net earnings of $241 million (up 31%). Both are records. Additionally, three of the business segments achieved record sales, and the Crop Inputs segment had record earnings in addition to record sales.

Heiden go seek

Saputo closes German plant; mulls over plant closure in Wales

The affected plants are in Heiden, Germany, and Newcastle Emlyn, Wales.

February 25, 2013

Saputo announced the closure of its cheese manufacturing plant in Heiden (Germany) and enters into a 30-day consultation period for the proposed closure of its facility in Newcastle Emlyn, Wales (United Kingdom). The two plants were acquired in 2006 and 2007 respectively

Earnings