Nigerian Breweries banks on internal transformation to cut down costs

NIGERIA – Nigerian Breweries (NB) Plc says the internal transformation process carried out in 2018 with a high one–off financial cost impact is expected to bring about cost savings impact in 2019. The company listed the […]

AB InBev Q1 revenues grow 5.9% with double digit volume growth in Brazil

EUROPE – Anheuser-Busch InBev (AB InBev), world’s leading beer producer has reported strong performance, having registered 5.9% growth in revenues to US$12.59 billion during the first quarter. The period was strongly supported by Brazil, which […]

Kellogg operating profit dips 25.4% as cereal sales continue to fall

USA – The Kellogg Company recorded an operating profit drop of 25.4% in its first-quarter results, as falling cereal sales and “business realignment costs” marked a difficult start to the year for the company, according […]

Kerry reports solid start to 2019 with 10.3% increase in revenues

IRELAND – Kerry Group has reported 10.3% increase in revenues for the first three months of 2019, led by higher volume growth in the Taste & Nutrition division. Consumer Foods recorded 0.8% growth in volume […]

ADM reports 40% dip in net earnings in Q1 as it restructures to drive growth

USA – Archer Daniels Midland (ADM) Company has reported a 40% decline in net earnings in the first quarter impacted by severe weather conditions in North America. The company began a series of accelerated business […]

Tata Starbucks reports 30% increase in sales boosted by store count

INDIA – Tata Starbucks, the joint venture between Tata Global Beverages and Starbucks has posted 30% jump in sales in the financial year 2019, attributed to increased number of stores. Economic Times reports that the […]

Coca-Cola revenues grow 5% in Q1 as it counts on innovation to drive growth

USA – The Coca-Cola Company has reported solid operating results in the first quarter, registering 5% growth in revenues supported by strong innovation within leader brands which included double-digit growth for Coca-Cola Zero Sugar. Net […]

Nestle’s first-quarter revenues jump 4.3% supported by high-growth categories

SWITZERLAND – Nestle has posted 4.3% rise in revenues in the first three months as the food and drinks giant continues its focus on high-growth categories. The company achieved 3.4% increase in organic growth while […]

Danone reports 0.8% rise in first-quarter sales, maintains full-year outlook

FRANCE – Global dairy giant, Danone has reported 0.8% increase in first-quarter sales to US$6.89 billion (€6.13 billion), confirming 2019 full-year profit guidance. The company expects like-for-like sales growth of around 3% and recurring operating […]

Tanzania coffee exports generate US$77.74m as production increases

TANZANIA – Tanzania coffee export generated US$77.74 million (Tzs 180bn) in revenues from the export of 65,000 tonnes of coffee in the 2018/19 crop season supported by increased production of the commodity. Speaking during a […]