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...

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...

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...

Ireland’s Kerry Group has lifted its target for volume growth from 2013 as the company set out its forecasts for its next five-year cycle. The company, which owns a variety of food businesses in...

Grocery distributor Metcash reported an increase in net income for 2010, which it attributed to the “steady performance” and “resilience” of its independent retail customers. The...

US club store operator Costco has booked a jump in earnings for the first nine months of the year as strong sales gains boosted the group’s result. Net sales for the nine months to 8 May rose 13%...

Campbell Soup Co. has reversed a trend of downward earnings in its third quarter, booking an increase in profits as snack and international sales propelled gains. The US soup maker revealed today (23 May)...

Australia’s supermarket industry faces losing up to 40,000 jobs if the grocery war continues, according to Ritchies CEO Fred Harrison. “Continued hacking away at prices by Coles to gain a market advantage...

Japanese soy sauce maker Kikkoman Corp has booked falling annual profits as sales dipped and costs rose.The company last weekreported a 9.7% slump in net income to JPY7.77bn (US$96.5m) for the year to...

Italian dairy group Parmalat has reported a rise in first-quarter profits as sales were boosted by higher volumes in Australia and Venezeula, and the weakness of the euro. Parmalat, which in Australia...