Recently listed Australian fast food operator Collins Foods has announced a 1.2% drop in sales revenue for the first half of the 2011/12 financial year, up to 16 October 2011. Collins Foods, which was listed the Australian Securities Exchange in August 2011, operates 119 KFC outlets and 26 Sizzler restaurants, mostly in Queensland. Shares in the company fell by 24 per cent following the announcement, made on Wednesday 2 November 2011. The company reported an expected loss in Net Profit After Tax... ...Read more »

McDonald’s Corporation, one of the world’s largest food chains, has announced financial results for the third quarter ended 30 September 2011. The company posted higher revenues, operating income and earnings per share compared with the prior year. McDonald’s Corporation reported that its global comparable sales increased 5 per cent, with the US business up 4.4 per cent, Europe up 4.9 per cent and Asia/Pacific, Middle East and Africa up 3.4 per cent. McDonald’s Chief Executive Officer... ...Read more »

American multi-national beverage corporation, The Coca-Cola Company, today reported strong third quarter and year-to-date 2011 operating results Releasing its third quarter results today, The Coca-Cola Company reported worldwide volume growth of 5 per cent in the quarter and 6 per cent in the year up to Tuesday 18 October 2011. It reported third quarter net revenues of US$12.2 Billion. The Coca-Cola Company reported growth in its sparkling beverages brands, with worldwide brand Coca-Cola volume growth... ...Read more »

American multi-national beverage corporation Pepsi Co has reported a rise in earnings of 4.1% for the third quarter of 2011. Releasing its third quarter results today, Pepsi Co said the rise in profit was driven by “top-line gains across its worldwide snacks and beverage businesses and from the acquisition of Wimm-Bill-Dann (WBD), the leading dairy and juice company in Russia”. PepsiCo Chairman and CEO Indra Nooyi said that its worldwide snacks volume had increased by eight percent, reflecting... ...Read more »

Australia’s largest listed dairy firm, Bega Cheese Group, has announced an 11.4% drop in profits for the financial year ended on 30 June 2011. The Group’s full year results, just published, show total sales revenue to be A$931.7 million, with a net profit after tax of A$21.6 million. Bega Cheese is the largest provider of contract cheese packaging and processing services in Australia. The company’s product range includes cheddar, mozzarella, processed cheese, cream cheese, milk powders, infant... ...Read more »

Australia’s oldest dairy company, Warrnambool Cheese and Butter, has more than doubled its operating profits for the year to 30 June 2011. The Victoria-based dairy company has recorded a net profit of $18.5 million, with total revenue of about $504 million. Its full year results were published yesterday. Warrnambool Cheese and Butter’s principal activities are the manufacture, processing, and sale of cheese, milk powder, butter, cream, whey protein concentrate, bulk and processed milk, and... ...Read more »

Australia’s largest supermarket chain, Woolworths Limited, today reported an increase in Net Profits After Tax (NPAT) of 5.1% for the year ending 26 June 2011. Woolworths’ outgoing CEO Michael Luscombe anticipated trading over the next year to be “subdued”, due to falling consumer confidence. Commenting on the company’s full-year results, published today, Woolworths CEO Michael Luscombe claimed the company’s profit increase to be a “sound result” given the “particularly... ...Read more »

US-based global food company Heinz has reported a 6% decrease in net income to US$226.1m for the three months to 27 July 2011. The company’s results in emerging markets, including Asia, were stronger but results from developed Pacific markets were adversely affected by shrinking gross margins from house-branded competition within Australia, and the high Australian dollar impacting Australian-sourced exports. Heinz’s first-quarter report says costs relating to its global restructuring programme,... ...Read more »

Nestlé has reported organic growth of 7.5 per cent, excluding exchange rates, and global profits of 15.1 per cent for the last six months, according to a half-year report released August 10 2011. The report says that Nestlé performed well in emerging and developed markets, growing 5.7 percent in the Americas, 5.8 per cent in Europe and 13.3 per cent in Asia, Oceania and Africa. The strong Swiss franc hit profits, lowering Nestlé’s real internal growth to 4.8 per cent. “Nestlé continued to... ...Read more »

Coca-Cola Amatil (CCA) has released its half-yearly financial results for the period ending July 1, 2011. The results show growth of CCA’s business with profits of $234.1 million, an increase of 5.5 per cent on the half-yearly result at this time last year. CCA’s Group Managing Director, Terry Davis said, “I believe that the operating performance in the first half has been solid given the business has had to manage external headwinds, as well as the cycling of a very strong first half result... ...Read more »