Food Business News - February 10, 2015 - (Page 13)

trips were irregular. Additionally, increased levels of distribution and in-store activity of items such as salty, bakery and meat snacks, by both mainstream and newer contemporary niche manufacturers, were prevalent throughout the year and drove broader snacking category growth in 2014. "This adversely impacted purchases of non-seasonal candy products resulting in net sales and operating profit that were below our expectations. In 2015, we expect marketing and selling efforts to be more precisionbased as they are focused on specific consumers and retail channels, which should help mitigate the impact of volume elasticity related to the previously announced price increase and enable us to deliver upon our objectives." In addition to its marketing and selling efforts, Mr. Bilbrey said Hershey is working to make some of its products more clean label friendly. "We haven't leveraged what we've done, as our plan is to move a large portion of our portfolio in this direction," he said. "We're building the capability and have made progress to source non-G.M.O. sugar and r.B.S.T. free milk for products in the United States. We've already begun this work with key sourcing suppliers here in the U.S., and will have more news on this later in the year." Other new product introductions scheduled for this year include Brookside dark chocolate fruit and nut snack bars, Kit Kat White Minis, Hershey's Caramels, Ice Breakers Cool Blast Chews, Reese's Spreads and Snacksters Graham Dippers. Hershey recorded positive results during fiscal year 2014, ended Dec. 31, 2014. Net income was $846,912,000, equal to $3.91 per share on the common stock, up from fiscal 2013, when net income was $820,470,000, or $3.76 per share. Sales for the year totaled $7,421,768,000, an increase compared with $7,146,079,000 during fiscal 2013. During the fourth quarter, the company earned $202,508,000, or 94c per share, up from $186,075,000, or 85c per share, in the same period a year ago. Sales during the quarter totaled $2,010,027,000, an increase compared with the previous year when sales were $1,956,253,000. FBN Campbell Soup in the midst of reorganizing CAMDEN N.J. In CAMDEN, N J - I a move d i designed to " d "unlock the value" of its brands, Campbell Soup Co. plans to implement a new organizational structure that will align the company's business operations with its growth strategies. Under the new design, the Camden-based company's businesses will be organized and managed in three divisions structured principally by product categories rather than by geographies or brand groups. The three divisions are Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Packaged Fresh. As part of the reorganization, three executives have been named to lead the new divisions. The appointments took effect on Feb. 1, and each leader will report directly to Denise Morrison, president and chief executive officer of Campbell Soup Co. Mark Alexander, currently president - Campbell North America, will become president - Americas Simple Meals and Beverages. The new division will include Campbell's February 10, 2015 current U.S. Retail and food service businesses, Plum Organics, and the company's simple meals and shelf-stable beverage businesses in Canada, Mexico and Latin America. Aggregate net sales of the business operations that will comprise Americas Simple Meals and Beverages were approximately $4.5 billion in fiscal 2014, the company said. Luca Mignini, currently president - Campbell International, will assume the role of president - Global Biscuits and Snacks, a new division that will unify the company's Pepperidge Farm, Arnott's and Kelsen businesses into a fully integrated global biscuits and snacks portfolio and have approximately $2.8 billion in sales. Jeffrey Dunn, currently president - Bolthouse Farms, will become president - Packaged Fresh, a new division that will focus on building the company's scale and accelerating its growth in the rapidly expanding packaged fresh segments and categories across the retail perimeter. The Packaged Fresh division will include Bolthouse Farms' portfolio of fresh carrots, super-premium beverages and salad dressings and Campbell's retail refrigerated soup business, which collectively accounted for approximately $1 billion of net sales in fiscal 2014. In connection with the reorganization, Irene Chang Britt, president - Pepperidge Farm and senior vice-president - Global Baking and Snacking, has announced her decision to leave the company. Ms. Britt had been president of Pepperidge since the middle of 2012. FBN The new generation of shaft sealing. Need help sealing? Let us show you how in a Cinch! Before After Meat & Poultry Applications Dough Mixer Applications Screw Conveyor Applications Ask about our complete line of Seals for the following equipment: ribbon blenders, paddle mixers, screw conveyors, bucket elevators, cartridge seals for Dodge & Falk direct drive adapters, rotary air valves and many other pieces of rotating equipment. Let us help you Seal in a Cinch! P: 856.662.5162 * F: 856.662.5264 www.cinchseal.com13 FOODBUSINESS NEWS ® http://www.cinchseal.com

Table of Contents for the Digital Edition of Food Business News - February 10, 2015

Food Business News - February 10, 2015
Hershey continues move into snack categories
Renewed school food fight looming on the horizon
Beverage Business News - Colorful ways to quench a thirst
Table of Contents
Web Contents
Editorial - Oil and currency moves should be seen as threats
McCormick eyes ambitious growth in year ahead
Dunkin’ to debut cold blended beverage platform
Campbell Soup in the midst of reorganizing
The future of shopper marketing
JBS USA plans expansion at Utah beef plant
Large MOM multiples
More tough times ahead for McDonald’s
Inside Wendy’s menu strategy
Chipotle on fire
Diamond acquires stake in potato chip maker
Market Insight - More cattle but beef prices still rising
Health and Wellness - On the cutting edge of digestive health
Ingredient Innovations - Backing up satiety benefits
Company Profile - Tyson Foods flying high
New Food Products
Ingredient Market Trends - Soybean oil market pulled lower, then higher
Ingredient Markets
Supplier Innovations and News
Classifieds
Marketplace
Ad Index
Food Business in the News

Food Business News - February 10, 2015

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