Source: Zhixiao (ID: retailknow), Editor: Xiaoting

-01- Food

  1. Swiss food giant Nestle announced its 2019 results. Group annual sales were CHF 92.568 billion (about USD 95.2 billion), compared with CHF 91.439 billion in 2018. Weak European demand and product price pressure led to the worst performance in the bottled water business in 10 years. Full-year net profit increased 24% to CHF 12.6 billion.
  2. European food giant Danone announced its 2019 financial report. In 2019, overall sales reached EUR 25.287 billion (about USD 27.3 billion), compared with EUR 24.651 billion in the previous year. Full-year operating profit was EUR 3.846 billion, compared with EUR 3.562 billion in the previous year. Full-year net profit was EUR 2.516 billion, compared with EUR 2.304 billion in the previous year. Fourth-quarter sales were EUR 6.241 billion, compared with EUR 6.009 billion in the same period last year.
  3. Mondelez International announced its fourth-quarter and full-year results for 2019. Fourth-quarter net revenue was USD 6.913 billion, up 2.1% year-on-year. Quarterly net profit was USD 726 million, down 11.8% year-on-year. 2019 net revenue was USD 25.868 billion, down 0.3% year-on-year. Full-year net profit was USD 3.87 billion, up 14.5% year-on-year.
  4. Kraft Heinz announced its fourth-quarter and full-year results for fiscal 2019. Fourth-quarter net sales were USD 6.536 billion, down 5.1% year-on-year; net profit attributable to common shareholders was USD 182 million, turning from a loss to a profit. Full-year net sales were USD 24.977 billion, down 5% year-on-year; net profit attributable to common shareholders was USD 1.935 billion, compared with a net loss of USD 10.19 billion in the same period last year.
  5. Unilever announced its 2019 results. 2019 revenue was EUR 52 billion, compared with EUR 51 billion in 2018. Among them, food and tea business revenue was EUR 19.3 billion (about USD 20.9 billion). Full-year operating profit was EUR 8.7 billion, compared with EUR 12.64 billion in the previous year. Full-year net profit was EUR 6.026 billion, compared with EUR 9.788 billion in the previous year. In the fourth quarter of 2019, food and tea business revenue was EUR 4.3 billion.
  6. Food giant General Mills announced results for the third quarter of fiscal year ending February 23. Quarterly net sales were USD 4.18 billion, compared with USD 4.189 billion in the same period last year. Quarterly net profit was USD 454 million, compared with USD 447 million in the same period last year.
  7. Kellogg's announced its fourth-quarter results for the period ending December 28, 2019. Quarterly sales were USD 3.22 billion, down 2.8% year-on-year. Quarterly profit was USD 145 million, compared with a loss of USD 84 million in the previous year.
  8. Food company Conagra Brands announced results for the third quarter of fiscal year ending February 23. Quarterly net sales were USD 2.555 billion, compared with USD 2.707 billion in the same period last year. Quarterly net profit was USD 204 million, compared with USD 242 million in the same period last year.
  9. Master Kong Holdings announced its 2019 results. The group achieved operating revenue of RMB 61.978 billion (about USD 8.75 billion), up 2.13% year-on-year; net profit was RMB 3.331 billion, up 35.22% year-on-year. In 2019, revenue from instant noodles and beverages increased by 5.79% and 0.81% year-on-year, respectively. Among them, the instant noodle segment achieved annual revenue of RMB 25.3 billion, accounting for 40.82% of the group's total revenue. The beverage segment achieved annual operating revenue of RMB 35.6 billion, accounting for 57.44% of the group's total revenue.
  10. Campbell Soup Co reported quarterly profit and revenue that both beat expectations. In the second quarter ending January 26, net sales slightly declined to USD 2.16 billion. Net profit attributable to the company was USD 1.21 billion, compared with a loss of USD 59 million in the same period last year.
  11. Hershey Company announced its fourth-quarter and full-year results for 2019. Fourth-quarter net sales were USD 2.068 billion, compared with USD 1.988 billion in the same period last year. Quarterly net profit was USD 207 million, compared with USD 337 million in the same period last year. 2019 net sales were USD 7.986 billion, compared with USD 7.791 billion in the previous year. Full-year net profit was USD 1.15 billion, compared with USD 1.18 billion in the previous year.
  12. Branded food company JM Smucker Co announced results for the third quarter of fiscal year ending January 31. Quarterly net sales were USD 1.972 billion, compared with USD 2.012 billion in the same period last year. Quarterly net profit was USD 187 million, compared with USD 121 million in the same period last year.
  13. Swiss chocolate company Lindt & Sprungli announced its 2019 results. 2019 sales were CHF 4.509 billion (about USD 4.64 billion), compared with CHF 4.313 billion in 2018. Full-year net profit was CHF 512 million, compared with CHF 487 million in the previous year.
  14. NISSIN FOODS HOLDINGS CO., LTD announced results for the first nine months of fiscal year (April-December 2019). Revenue for the period was JPY 348 billion (about USD 3.23 billion), compared with JPY 336.8 billion in the same period last year. Operating profit for the period was JPY 35.5 billion, compared with JPY 34.8 billion in the same period last year. Net profit for the period was JPY 25.6 billion, compared with JPY 24.7 billion in the same period last year.
  15. Uni-President China announced its 2019 results. In 2019, company revenue was RMB 22.02 billion (about USD 3.11 billion), up 1.1% year-on-year; net profit in 2019 was RMB 1.366 billion, up 32.7% year-on-year.
  16. Haitian Flavoring released its annual report. In 2019, it achieved revenue of RMB 19.797 billion (about USD 2.79 billion), up 16.22% year-on-year; net profit was RMB 5.353 billion, up 22.64% year-on-year.

-02- Beverages

  1. PepsiCo Inc announced its fourth-quarter and full-year results for fiscal 2019. Fourth-quarter net revenue was USD 20.64 billion, up 5.7% year-on-year; net profit was USD 1.766 billion, down 74% year-on-year. Fiscal 2019 net revenue was USD 67.161 billion, up 3.9% year-on-year. Net profit attributable to parent company was USD 7.314 billion, down 42% year-on-year.
  2. Coca-Cola Co. reported quarterly revenue that beat market expectations, mainly driven by demand for its low-sugar drinks, tea, and coffee. Fourth-quarter net income was USD 2.07 billion, compared with USD 870 million in the same period last year. Net sales increased 16% to USD 9.07 billion.
  3. Suntory Beverage & Food Limited announced its 2019 results. 2019 revenue was JPY 1,299.4 billion (about USD 12.1 billion), compared with JPY 1,294.2 billion in 2018. Full-year operating profit was JPY 113.9 billion, compared with JPY 113.6 billion in the previous year. Full-year net profit was JPY 68.9 billion, compared with JPY 80 billion in the previous year.
  4. Beverage company Keurig Dr. Pepper Inc. announced its fourth-quarter and full-year results for 2019. Fourth-quarter net sales were USD 2.934 billion, compared with USD 2.813 billion in the same period last year. Quarterly net profit was USD 406 million, compared with USD 266 million in the same period last year. 2019 net sales were USD 11.12 billion, compared with USD 7.442 billion in the previous year. Full-year net profit was USD 1.254 billion, compared with USD 589 million in the previous year.
  5. Monster Beverage released its fourth-quarter and full-year financial results for 2019. Fourth-quarter revenue was USD 1.02 billion, up 10.4% year-on-year. Net income was USD 255 million, up 6.6%. Full-year net sales increased from USD 3.81 billion last year to USD 4.20 billion, an increase of 10.3%. Net income increased from USD 993 million last year to USD 1.11 billion, an increase of 11.6%.

-03- Dairy

  1. Yili Co., Ltd. released its 2019 annual report. The company achieved revenue of RMB 90.009 billion (about USD 12.7 billion), up 13.97% year-on-year; net profit attributable to listed company shareholders was RMB 6.934 billion, up 7.67% from the same period last year; net profit attributable to listed company shareholders excluding non-recurring gains and losses was RMB 6.268 billion, up 6.64%. By product, liquid milk achieved revenue of RMB 73.761 billion, up 12.31% year-on-year; milk powder and dairy products revenue increased 24.99% to RMB 10.055 billion; cold drinks revenue reached RMB 5.631 billion, up 12.70% from the same period last year; other products achieved revenue of RMB 62.0248 million.
  2. Global dairy giant New Zealand Fonterra announced its interim (first half) results for the period ending January 31, 2020. Group revenue for the period was NZD 10.423 billion (about USD 6.22 billion), compared with NZD 9.745 billion in the same period last year. EBITDA profit for the period was NZD 806 million, compared with NZD 312 million in the same period last year.
  3. Dutch FrieslandCampina announced its 2019 results. 2019 revenue was EUR 11.297 billion (about USD 12.26 billion), compared with EUR 11.553 billion in 2018. Full-year operating profit was EUR 432 million, compared with EUR 342 million in the previous year. Full-year net profit was EUR 278 million, compared with EUR 203 million in the previous year.
  4. Danish dairy company Arla Foods announced its 2019 results. 2019 revenue was EUR 10.527 billion (about USD 11.4 billion), compared with EUR 10.425 billion in 2018. Full-year EBITDA profit was EUR 837 million, compared with EUR 767 million in the previous year. Full-year net profit was EUR 323 million, compared with EUR 301 million in the previous year.
  5. Mengniu Dairy released its 2019 financial report. In 2019, operating revenue reached RMB 79 billion (about USD 11.15 billion), up 14.6% year-on-year; profit reached RMB 4.1 billion, up 34.9% year-on-year. Among ambient high-end brands, Telunsu and Purezen both grew over 20%, and Zhen Guoli grew 10%; low-temperature annual new products Nordic Cheese and Yoyi C Passion Fruit grew strongly; fresh milk business emerged rapidly, with market share doubling, and Daily Fresh Milk brand sales increased nearly 500% year-on-year; e-commerce sales share significantly expanded from 24.6% to 26.7%.
  6. Bright Dairy released its 2019 annual report. Total operating revenue was RMB 22.563 billion (about USD 3.19 billion), up 7.52% year-on-year; net profit attributable to parent company shareholders was RMB 498 million, up 45.84% year-on-year. Dairy manufacturing achieved operating revenue of RMB 20.088 billion, up 12.36% year-on-year, mainly due to a 11.03% increase in liquid milk operating revenue and a 15.39% increase in other dairy products operating revenue. Animal husbandry achieved operating revenue of RMB 1.669 billion, down 29.93% year-on-year.

-03- Grains

  1. Cargill, Incorporated announced results for the second quarter of fiscal 2020 ending November 30. Quarterly revenue was USD 29.2 billion, up 4% year-on-year. Quarterly net profit was USD 1.19 billion, up 61% year-on-year. Quarterly adjusted operating profit was USD 1.02 billion, up 19% year-on-year.
  2. Food manufacturer Archer-Daniels Midland announced its fourth-quarter and full-year results for 2019. Fourth-quarter revenue was USD 16.3 billion, compared with USD 15.9 billion in the same period last year. Quarterly net profit was USD 504 million, compared with USD 315 million in the same period last year. 2019 revenue was USD 64.7 billion, compared with USD 64.3 billion in 2018. Full-year net profit was USD 1.379 billion, compared with USD 1.810 billion in the previous year.
  3. Wilmar International announced its fourth-quarter and full-year results for 2019. Fourth-quarter revenue was USD 11.25 billion, compared with USD 11.19 billion in the same period last year. Quarterly net profit was USD 438 million, compared with USD 199 million in the same period last year. 2019 revenue was USD 42.64 billion, compared with USD 44.5 billion in 2018. Full-year net profit was USD 1.293 billion, compared with USD 1.125 billion in the previous year.
  4. Agricultural enterprise and grain trader Bunge announced its fourth-quarter and full-year results for 2019. Fourth-quarter net sales were USD 10.783 billion, compared with USD 11.543 billion in the same period last year. Quarterly net loss was USD 68 million, compared with a net loss of USD 74 million in the same period last year. 2019 revenue was USD 41.14 billion, compared with USD 45.743 billion in 2018. Full-year net loss was USD 1.333 billion, compared with net profit of USD 233 million in the previous year.
  5. Louis Dreyfus Company (LDC) announced its 2019 results. 2019 net sales were USD 33.6 billion, compared with USD 36 billion in 2018. Full-year net profit was USD 230 million, compared with USD 364 million in the previous year.

-04- Meat

  1. Tyson Foods released results for the first quarter of fiscal 2020 ending December 28, 2019. Quarterly revenue was USD 10.82 billion, up 6.2% year-on-year. Quarterly net profit was USD 557 million, up 1% year-on-year. Quarterly beef sales were USD 3.83 billion, pork USD 1.339 billion, chicken USD 3.292 billion, and prepared foods USD 2.14 billion.
  2. The world's largest pork food company WH Group Limited released its 2019 annual report. During the reporting period, it achieved operating revenue of USD 24.1 billion, up 6.63% year-on-year; operating profit of USD 2.031 billion, up 23.1% year-on-year; net profit (before biological fair value adjustment) of USD 1.378 billion, up 31.74% year-on-year. In 2019, the China segment (Shuanghui) revenue was USD 8.756 billion, accounting for 36.3% of revenue. The US segment (Smithfield) revenue was USD 13.159 billion, accounting for 54.6% of revenue. The meat products business contributed USD 1.57 billion in profit. Among them, China meat products operating profit was USD 673 million, and US meat products operating profit was USD 847 million.
  3. Wens Foodstuff released its 2019 annual performance report on April 24. It achieved total operating revenue of RMB 73.228 billion (about USD 10.3 billion), and net profit attributable to listed company shareholders was RMB 13.906 billion, up 251.38% year-on-year. In 2019, the company sold 925 million broiler chickens (including live chickens, fresh products, and cooked food), up 23.58% year-on-year; sold 18.5166 million fattening pigs (including live pigs and fresh products).
  4. Hormel Foods announced results for the first quarter of fiscal 2020 ending January 26. Quarterly net sales were USD 2.384 billion, compared with USD 2.36 billion in the same period last year. Quarterly net profit was USD 243 million, compared with USD 241 million in the same period last year.
  5. New Hope Liuhe Co., Ltd. released its 2019 annual report. New Hope achieved operating revenue of RMB 82.051 billion last year, up 18.8% year-on-year; net profit of RMB 5.042 billion, up 195.78% year-on-year. By industry, in 2019, feed business achieved revenue of RMB 42.431 billion, up 7.64% year-on-year; sold a total of 18.72 million tons of various feed products, an increase of 9.9%. In white-feather poultry, last year achieved revenue of RMB 21.359 billion (about USD 3.02 billion), up 14.54% year-on-year. In the pig industry, last year achieved operating revenue of RMB 7.487 billion (about USD 1.06 billion), up 132.16% year-on-year. In the food sector, last year achieved operating revenue of RMB 7.149 billion, up 31.53% year-on-year.

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