Food and beverage

Meet your Food and beverage Research team

Associated British Foods

Primark store visit highlights model relevancy and laser focus on price leadership

Primark’s “obsessional focus” on price leverages a highly efficient supply chain and operating model and offers a defensive moat against a challenging economic circumstance....

Science in Sport

Raising the bar: Mondelez acquires CLIF for 3.6x sales

Mondelez’s acquisition of CLIF Bar (CLIF) materially expands its healthy snacking platform and creates a scale player in an attractive nutrition category. The deal follows the recent...

Associated British Foods

Primark improvement anchored by core markets; full-year guidance reiterated

Key takeaways from Associated British Foods’ (ABF) Q3 statement include: (1) continued like-for-like (LFL) momentum at Primark through the period – with the quarterly exit rate at...

Origin Enterprises

Favourable conditions through key application season prompt further upgrades

Despite some recent volatility, continued favourable nutrition pricing has underpinned strong performance through the key application season. The accelerated Q3 release prompts a...

Science in Sport

CFO departure

Science in Sport (SIS) has announced that Chief Financial Officer (CFO) James Simpson has tendered his resignation in order to pursue another opportunity. During his tenure, Simpson...

DSM

Firmenich merger – step-change in DSM evolution

The merger of DSM and Firmenich is a major development for the fragrance and flavour (F&F) industry. In a world of integrated solutions allied with greater portfolio reach and...

C&C

Elevating growth ambitions – key takeaways from Capital Markets Day

C&C delivered a growth-oriented message at its recent Capital Markets Day (CMD). Growth delivery is aligned with an upweighting of brand investment and greater technology adoption...

ARYZTA

Volume beat prompts full-year revenue guidance upgrade

Revenue momentum continued through Q3 with underlying growth of +22.6%. The beat versus the street was largely volume driven, with volumes back to pre-COVID levels across most...

Dole plc

Q1 broadly in line; full-year outlook impacted by FX and salads headwinds

Dole’s Q1 statement reflects the impact of the previously flagged bagged salads recall and lower banana pricing (exceptional comparative), with adjusted EBITDA down 38% in the quarter....

Greencore Group

Solid H1 print; FY22 guidance reiterated

Greencore’s H1 print highlights an acceleration in top-line momentum through the period, with like-for-like revenue growth across the key food-to-go (FtG) category of +8% (Q1 +6%, Q2...