While overall retail sales growth exceeded market forecasts in June, delivering a long - awaited shot in the arm to traders,
food sales growth was weaker than expected due to intensifying price competition between Woolworths, Coles and independent retailers.
Woolworths has announced a comparable
food sales growth of 4.9 per cent in the first three months of the 2018 financial year.
Not exact matches
French
food group Danone kept its guidance for a further rise in profits and
sales this year after first quarter underlying
sales growth beat market expectations, led by strong demand for baby formula products in China.
Dollar stores saw the largest
growth in occasional meat
sales among alternative sources, beating out farmers» markets, online stores and directly from farms, according to a survey this year from the
Food Marketing Institute and the North American Meat Institute.
The
growth in
food sales in primarily coming at lunch, Johnson said.
ConAgra, which has reported flat or falling
sales in four of the past six quarters, is struggling to boost
growth as consumers shift from packaged products to fresh
foods in search of healthier options.
The approach underscores the drive for
food industry consolidation as traditional
food companies watch their
sales drop and struggle to create
growth or innovation on their own.
ZURICH, April 19 -
Food group Nestle confirmed its full - year guidance after organic
sales growth accelerated to 2.8 percent in the first quarter of 2018, helped by improving volumes.
But McDonald's performance in the recession was even more remarkable:
sales growth in 2008 surpassed the previous two years; the fast -
food giant opened nearly 600 stores; and same - store -
sales have increased in each of 2009's first seven months.
The store's numbers haven't been pretty either: Same - store
sales growth last quarter was at its lowest level since 2009, a fact blamed in part on the New York City investigation and on the longer - term concern that it is facing stiff competition in the healthy - eating ethos up and down the grocery
food chain — from Kroger (KR) and Walmart (WMT) to Trader Joe's and Sprouts (SFM).
With $ 43 billion in
sales and a
growth rate of about 8.4 % last year, according to the Organic Trade Association, organic
food is one of the few places that the consumer packaged goods industry has experienced
growth.
Sales growth was led by
food safety, health information systems, and medical consumables; drug delivery declined.
FAST
food chain Nando's has achieved total WA
sales growth of more than 80 per cent per annum during the past four years, says national marketing manager James Tomlinson.
He points out that its cereal division — it makes Lucky Charms and other brand name breakfast
foods — saw a 1 % increase in
sales growth in its third quarter, while
sales of its Greek and regular yogurt are increasing.
While the comp
growth has slowed,
Food is at a record 20 % of total
sales.
French
food group Danone achieved better than expected first - quarter
sales growth of nearly 5 per cent, helped by Chinese demand for its baby formula products, cementing guidance for higher profit and
sales this year and beyond.
These risks and uncertainties include
food safety and
food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation of our business including health care reform, labor and insurance costs; technology failures; failure to execute a business continuity plan following a disaster; health concerns including virus outbreaks; the intensely competitive nature of the restaurant industry; factors impacting our ability to drive
sales growth; the impact of indebtedness we incurred in the RARE acquisition; our plans to expand our newer brands like Bahama Breeze and Seasons 52; our ability to successfully integrate Eddie V's restaurant operations; a lack of suitable new restaurant locations; higher - than - anticipated costs to open, close or remodel restaurants; increased advertising and marketing costs; a failure to develop and recruit effective leaders; the price and availability of key
food products and utilities; shortages or interruptions in the delivery of
food and other products; volatility in the market value of derivatives; general macroeconomic factors, including unemployment and interest rates; disruptions in the financial markets; risk of doing business with franchisees and vendors in foreign markets; failure to protect our service marks or other intellectual property; a possible impairment in the carrying value of our goodwill or other intangible assets; a failure of our internal controls over financial reporting or changes in accounting standards; and other factors and uncertainties discussed from time to time in reports filed by Darden with the Securities and Exchange Commission.
Now with those same - restaurant
sales assumptions and accelerated new restaurant
growth, we expect meaningfully stronger earnings
growth in fiscal 2013 than we had in fiscal 2012, and that's because we were burdened in 2012 with
food cost inflation headwinds that we don't anticipate in 2013.
Coles» same - store
food and liquor
sales rose 0.9 per cent in the March quarter — falling short of market forecasts of about 1.4 per cent and trailing behind the 2.5 per cent
growth in the broader
food and grocery market.
After adjusting for the timing of New Year's Day and Easter, same - store
food and liquor
sales rose 1.3 per cent — the strongest
growth in six quarters but still well below that at Woolworths, where same - store
food sales are forecast to grow 3.8 per cent.
The occupations with the fastest
growth were retail
sales (at a median wage of $ 10.97 an hour) and
food preparation workers ($ 9.04 an hour).
This expectation seems overly pessimistic for a firm that has grown NOPAT by 7 % compounded annually since 1998 and was the top contributor to U.S.
Food & Beverage retail
sales growth in 2016.
Despite weak same - store
sales growth, the company's strategy of refranchising and cutting costs along with falling
food prices have lifted profits.
The snacking sector is very active, with millennials driving snack
sales growth and reshaping
food habits: more and more consumers now want their treats...
According to the analysis, which examined only plant - based
foods that directly replace animal products, over the past year plant - based
foods saw
growth of 8.1 percent, with the total market for the sector expected to top $ 3.1 billion in
sales in 2017.
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With
sales of over $ 11 billion in 2014 and projected
growth of 10 percent annually, local and regionally - produced
food is the fastest growing sector of American agriculture.
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sales savoury savoury snacks snack snacking snacks value
Certainly the growing Hispanic population and the ever - increasing popularity of Mexican
food have been a factors in the astounding tortilla
sales growth, but one other trend must considered: the popularity of wraps.
«Adding experienced managers in
food manufacturing will help us improve our processes and expand our marketing reach as we continue to set record
sales growth year over year.»
The
growth of
sales in
food enzymes was particularly evident in the baking industry where
sales of Novamyl, and the new baking enzyme Lipopan F, Novozymes revealed, are progressing well.
Not only is the
food and liquor business producing impressive
growth — same - store
sales accelerated in the December quarter to 5 per cent, well ahead of Coles» 1.3 per cent
growth — but supermarket profits are rising too.
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What do you do when you are one of the world's largest packaged
food companies and you have seen
sales growth evaporate over the last two years?
The decline in Woolworths dragged the broader sharemarket lower, as the nation's biggest supermarket chain also missed an opportunity to beat rival Coles for the first time in five years in terms of quarterly
sales growth in their
food and liquor arms.
In the March quarter, Woolworths» same - store
food sales soared 4.5 per cent, the strongest
growth since 2010, while Coles» same - store
food sales slowed to 0.8 per cent, with the gap widening to 370 basis points.
A recent announcement byStarbucks suggests the Company plans on doubling its
food business by 2021, encouraged by the
growth of its box line, at 20 - percent over two years, andbreakfast sandwich
sales, which account for over 30 - percent of total foodsales.
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Mr Garner says Coles and Woolworths should emulate upmarket retailer Waitrose or Marks & Spencer — the only two British
food retailers enjoying positive
sales growth — by augmenting their range with chilled, semi-prepared meals; injecting theatre into their stores with celebrity appearances, product demonstrations and tastings; boosting service levels and taking advantage of their wider product range.
Danone reported
sales growth in the first quarter of 2013 as demand for baby
food in Asia boosted profits, despite continued weakness in Europe.
Deutsche is forecasting 11.5 per cent EBIT
growth in
food this year, underpinned by 4.9 per cent
sales growth and EBIT margins of 4.7 per cent.
«According to the NEXT Forecast 2016 published by New Hope Natural Media,
sales of natural, organic and functional
foods reached $ 110 billion in 2014, or 15 % of total US
food and beverage
sales; are the fastest growing segment in the US
food and beverage market and are experiencing double digit
growth,» noted W. John Short, RIBT CEO and president.
Land O'Lakes» dairy
foods business delivered
growth despite some headwinds in US dairy market such as oversupply and new competition throughout the supply chain, posting
sales of $ 3.9 bn with pre-tax earnings of $ 70m for FY17 and delivering $ 149m back...
The
sale of the EU sugar operations is intended to achieve in a more focused, less volatile business, and a solid platform to deliver sustainable long - term
growth in Tate & Lyle's speciality
food ingredients business, supported by cash generated from its bulk ingredients activities.
Organic
food sales are benefiting, with concerns about pesticides,
growth promoters, as well as GMOs fueling consumer demand.
Deutsche Bank estimates that Coles» same - store liquor
sales grew faster than
food in the June quarter, rising 4.3 per cent and taking
growth for the year to 2.1 per cent.
Woolworths reported last week that earnings before interest and tax for the Australian
food and liquor division, which accounted for 66 per cent of
sales in the half, grew 6.3 per cent to $ 1.49 billion - nearly doubling the earnings
growth of the overall business.
The commercial operations, including recently acquired
food distributor Hudson Pacific Corp, were performing in line with expectations, as was the coffee and beverages business, as
growth in commercial coffee contracts offset weaker
sales in lower - margin supermarket capsules.
18 Apr 2018 — French
food giant Danone has exceeded market expectations in its first - quarter
sales growth with a very solid performance in specialized nutrition driven by infant formula products
sales in China.
Kevin has a proven track record of delivering substantial long - term
sales growth for some of the most prominent
food industry companies in the world, with a particular expertise in value - added ingredients.