Singapore-based beverage heavyweight Yeo Hiap Seng (Yeo’s) has predicted a challenging year ahead after reporting a near doubling in profits but a significant overall drop in revenue, citing ongoing inflation and soft consumer spending as key factors.
Global food and beverage giant Nestle has its eye on expanding its premium and healthy ageing product portfolios as it seeks to return to ‘normalised’ growth.
Dairy farmers supplying Dutch dairy co-operative FrieslandCampina won’t receive supplementary cash payments for 2023 due to ‘disappointing’ financial results, the business reported.
China dairy giant Yili has secured ‘record high’ financial results in the first nine months of its financial year driven by liquid milk and ice cream category growth.
The New Zealand co-op forecasted improved margins across consumer and foodservice channels for FY24 and said there were indications that demand for milk powders will begin to return from early 2024.
This round-up looks at the latest financial performance of nutrition and nutraceutical firms, including Swisse’s parent company H&H Group, Kirin, Centrum’s owner Haleon, a2 milk and more.
Infant formula producer Bubs Australia said its gross revenue has China dropped by 66 per cent, and its new Manufacturer-to-Consumer (M2C) sale channel in the country has been delayed, due to disruptions caused by China’s prolonged COVID-19 lockdowns.
China dairy giant Yili has registered record growth and increased market share in its recently-released H1FY2022 financial report, and has attributed this success to the sales of its value-added dairy products as well as its efforts in rapid new product...
This round-up looks at the latest financial report from major dietary supplement and infant formula firms, namely The a2 Milk Company, Blackmores, McPherson’s, Meiji, and BYHEALTH.