Thu, Aug. 20, 3:20 PM
- 3G Capital continues to be a major influence in the food industry as recent job cuts at Kraft and Heinz send a strong message.
- Management at Nestle (OTCPK:NSRGY), Mondelez International (NASDAQ:MDLZ), Kellogg (NYSE:K), and Campbell Soup (NYSE:CPB) are utilizing a "zero-base budgeting" philosophy similar to the efficiency model pushed by 3G, according to Bloomberg.
- Kraft Heinz (NASDAQ:KHC) is expected to cut $1.5B in annual costs before 2018, a disciplined approach likely to be copied by peers.
Wed, Aug. 19, 11:38 AM
- Large food companies need to focus on bold M&A and innovation actions over recharging iconic brands, concludes Rabobank in a new report on the sector.
- A shift in consumer preferences has sparked a need to introduce new brands which are on trend - instead of focusing on "innovation-lite" and product reformulation strategies. Buying promising brands at an earlier stage than normal is seen as a forward-thinking strategy.
- Related stocks: KHC, MDLZ, PEP, KO, OTCPK:NSRGY, OTCPK:NSRGF, WWAV, HAIN, K, GIS, POST, CPB, PF, THS.
Wed, Aug. 12, 12:47 PM
- Corn prices have swung sharply lower after the USDA raised a forecast for corn production off of improved yields.
- The corn crop is seen coming in at 13.686B bushels vs. 13.53B prior forecast and 13.332B consensus estimate.
- Food sellers could see some back-half cost and feed relief if the trend holds.
- Related stocks: GIS, K, POST, KO, PEP, PPC, CPB, TSN, SEB, SJM.
- Related ETF: CORN
- USDA Crop Production report.
Wed, Jul. 22, 3:56 PM
- Campbell Soup (CPB +1.8%) trades higher after investors focused on the company's lift in EPS guidance over the reduced forecast for organic revenue growth.
- At its Investor Day meeting today, the food concern said it will increase its focus on categories with growth potential including health and packaged fresh.
- Increased disclosures on how food is made and ingredients picked will be made available on the whatsinmyfood.com website.
- Campbell Soup plans to remove artificial colors and flavors from most of its North American products by the end of FY18.
- Earnings call webcast
- Previously: Campbell Soup raises profit guidance at investor meeting (July 22)
Wed, Jul. 22, 8:25 AM
- Campbell Soup (NYSE:CPB) issues a strategic update ahead of an investor meeting.
- The company highlighted the advantages of changing reporting segments by product type to Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh.
- New cost reduction initiatives are seen generating $75M in savings this fiscal year. The annual savings target is lifted to $250M from $200M.
- Favorable gross margin performance has led to a boost in profit guidance. Campbell sees 2015 EPS of $2.43-$2.48 vs. $2.32-$2.38 prior and $2.38 consensus.
- CPB +1.65% premarket to $48.25.
Tue, Jun. 30, 11:54 AM
- Campbell Soup (NYSE:CPB) is up 2.53% on a large volume spike.
- There is unconfirmed speculation the company hired a strategic adviser.
- It's been an active day for the food sector with ConAgra's announcement it would exit the private label business creating a stir.
- Previously: TreeHouse Foods and Post seen as possible ConAgra private label buyers (June 30)
Mon, Jun. 29, 4:46 PM
Thu, Jun. 25, 10:36 AM
Wed, Jun. 17, 3:26 AM
- Beginning in 2018, companies will have to seek approval before they can put partially hydrogenated oils into foods, after the FDA said the ingredient should no longer be considered safe and laid out far-reaching restrictions.
- While not a ban, the FDA's move marks the first restriction on trans fats at the national level. It first proposed the action in 2013.
- Related tickers: Nestle (OTCPK:NSRGY), PepsiCo (NYSE:PEP), Tyson Foods (NYSE:TSN), Mondelez International (NASDAQ:MDLZ), Unilever (NYSE:UL), General Mills (NYSE:GIS), Kraft Foods (NASDAQ:KRFT), Kellogg (NYSE:K), Dean Foods (NYSE:DF), Campbell Soup (NYSE:CPB), Hormel (NYSE:HRL), Hershey (NYSE:HSY), Pilgrims Pride (NASDAQ:PPC).
Tue, Jun. 9, 7:26 AM
Mon, Jun. 1, 12:49 PM
- Iconic food and beverage brands continue to grow out of favor with U.S. consumers, according to a new report from Rabobank.
- Many Q1 earnings reports tipped off weakness at well-known F&B brands.
- The bank notes that the increasing purchase power of the millennial generation is a major factor in the shift as e-commerce accounts for a higher mix of purchasing.
- A willingness of major retail chains such as Target (NYSE:TGT), Kroger (NYSE:KR), and Costco (NASDAQ:COST) to attempt to differentiate themselves with new concepts and products has also contributed to well-known brands slipping.
- Rabobank thinks major food and beverage players can still show strong growth rates if they are nimble with their strategy and use M&A wisely to catch fresh brands on the upswing.
- Related stocks: K, GIS, CPB, MDLZ, PEP, KO, HSY, SJM, DPS, KRFT, OTCPK:NSRGY, OTCPK:NSRGF.
Fri, May 22, 7:30 AM
- Campbell Soup (NYSE:CPB) reports organic sales fell 1% in FQ3.
- Higher selling prices partially offset a drop in volume and decrease in promotional spending during the period.
- Segment operating earnings: U.S. Simple Meals $147M, Globla Baking and Snacking $80M, International Simple Meals and Beverages $267M, U.S. Beverages $34M, Bolthouse/Foodservice $31M.
- Gross margin rate +160 bps to 35.9%.
- Marketing and selling expenses -2% to $213M.
- Guidance: Campbell sees FY15 sales growth falling in the lower end of the previously-announced range of -1% to +1%. EPS of $2.32-$2.38 seen vs. $2.35 consensus.
- Previously: Campbell Soup beats by $0.10, misses on revenue
Fri, May 22, 7:18 AM
Thu, May 21, 5:30 PM
Mon, May 18, 7:10 AM
- Target (NYSE:TGT) has told several major suppliers it will devote less optimal shelf space to packaged foods in favor or promoting healthier food items.
- Companies that could be impacted by the change include Kellogg (NYSE:K), General Mills (NYSE:GIS), and Campbell Soup (NYSE:CPB).
- Previously: Battle for fresh food sales to take new direction (Mar. 24 2015)
- Previously: Retail heavyweights to show their hands (May. 16 2015)
Fri, May 1, 1:57 PM
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