packaged foods Archives - CFO

S&P Cuts Kraft Heinz Rating to Near Junk Grade

Financial Performance

S&P Cuts Kraft Heinz Rating to Near Junk Grade

The rating agency believes Kraft Heinz "will be unable to meaningfully grow adjusted EBITDA" amid "significant" competition from other manufacturers.

By Matthew Heller | June 21, 2019

Kraft Heinz Names Marketing Expert as CEO

Kraft Heinz Names Marketing Expert as CEO

The packaged-foods giant appears to be pivoting toward growth rather than cost cutting in replacing Bernardo Hees with Miguel Patricio.

By Matthew Heller | April 22, 2019

Kraft Heinz Protects Profit With Price Hikes

Financial Performance

Kraft Heinz Protects Profit With Price Hikes

The company offset rising input costs in Q2 by raising prices of its packaged foods and condiments by 1.3 percentage points.

By Matthew Heller | August 6, 2018

Conagra, Pinnacle to Create Frozen Food No. 2

Conagra, Pinnacle to Create Frozen Food No. 2

Conagra's $8.1 billion acquisition of Pinnacle furthers its push into a sector that has been a "rare bright spot" for the packaged foods industry.

By Matthew Heller | June 27, 2018

New Blue Apron CFO is PepsiCo Veteran

New Blue Apron CFO is PepsiCo Veteran

Blue Apron is hoping its new CFO, a consumer packaged foods veteran, can help "drive strong and sustainable growth."

By Vincent Ryan | May 17, 2018

Kraft Heinz Sales Fall for 8th Quarter in a Row

Financial Performance

Kraft Heinz Sales Fall for 8th Quarter in a Row

The company's profits were boosted by higher pricing but analysts are skeptical it can increase sales as consumers shy away from processed foods.

By Matthew Heller | May 3, 2018

Conagra Boosts Guidance Despite Rising Costs

Financial Performance

Conagra Boosts Guidance Despite Rising Costs

The company has been able to offset higher supply chain costs by cutting back on discounts and other expenses.

By Matthew Heller | March 22, 2018

General Mills to Feed Pets With $8B BLUE Buy

General Mills to Feed Pets With $8B BLUE Buy

The acquisition of Blue Buffalo "provides General Mills with the leading position in the large and growing wholesome natural pet food category."

By Matthew Heller | February 23, 2018

Kraft Heinz U.S. Sales Drop Hits Q4 Earnings

Financial Performance

Kraft Heinz U.S. Sales Drop Hits Q4 Earnings

“There's no question that our financial performance in 2017 did not reflect our progress or potential,” CEO Bernardo Hees says.

By Matthew Heller | February 19, 2018

McCormick Posts 9% Sales Gain, Earnings Beat

Financial Performance

McCormick Posts 9% Sales Gain, Earnings Beat

"McCormick is increasing its marketing spending and innovation, along with increasing prices, to help drive sales growth."

By Matthew Heller | September 29, 2017

Weak Yogurt Sales Add to General Mills’ Woes

Weak Yogurt Sales Add to General Mills’ Woes

The company's sales fell for a ninth straight quarter, reflecting consumers' shift from packaged foods to fresh, organic products.

By Matthew Heller | September 20, 2017

Post Buys Bob Evans to Expand Breakfast Items

Post Buys Bob Evans to Expand Breakfast Items

The $1.5 billion deal furthers Post's strategy of broadening its portfolio of brands amid slowing demand for cereal in the U.S.

By Matthew Heller | September 20, 2017

29-Year-Old Prodigy Named Kraft Heinz CFO

29-Year-Old Prodigy Named Kraft Heinz CFO

David Knopf's promotion is "another sign that financial professionals are accumulating more and more responsibility at a younger age."

By Matthew Heller | September 8, 2017

PepsiCo Q2 Profit Rises 11%, Beats Estimates

Financial Performance

PepsiCo Q2 Profit Rises 11%, Beats Estimates

The company benefited from sales of higher-margin healthier foods that appeal to a population with a deepening distaste for soda.

By Matthew Heller | July 11, 2017

Tyson Buys Sandwich Maker AdvancePierre

Tyson Buys Sandwich Maker AdvancePierre

The $4.2 billion deal beefs up Tyson's portfolio of packaged foods, a fast-growing, high-margin category.

By Matthew Heller | April 25, 2017