Food Business News - October 11, 2011 - (Page 1)

October 11, 2011 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Yum! Brands income up 7% on international strength LOUISVILLE, KY. — Strong results in China and other international markets contributed to a 7% increase in income during the third quarter at Yum! Brands, Inc. For the quarter ended Sept. 3, the company had net income of $383 million, equal to 82c per share on the common stock, which compared with income of $357 million, or 76c per share, during the same quarter of the previous year. Total revenue for the quarter was $3,274 million, up 14% from $2,862 million. “I’m pleased to report e.p.s. growth of 13% in the third quarter, excluding special items,” said David C. Novak, chairman Continued on Page 18 Citrus Flavor Fusion Story on Page 38 INSIDE CocaCoca-Cola’s North American strategy Amer HOUSTON — Fragmentation and competition in the North American marketplace has led the Coca-Cola Co., Atlanta, to focus on assortment, price points and occasions in an effort to grow its North American business. Executives with the company’s various North American business segments hosted financial analysts on Sept. 21 to outline Coca-Cola’s business strategy in North America going forward. Operating revenues for the North Continued on Page 41 Market Analysis Where did that corn come from? Off 34% from 2010, corn stocks still exceed forecasts N earby December corn futures prices traded below $6 a bu for the first time since July 1 following the U.S. Department of Agriculture’s Sept. 30 Grain Stocks report, which contained a Sept. 1 corn stocks estimate the market interpreted as so bearish it pulled other markets lower, offsetting bullish soybean stocks and wheat production estimates. The corn market has turned from bullish a few months back, or even a few weeks ago, to seemingly bearish, despite production estimates that have been trimmed more than 1 billion bus from initial projections, Sept. 1 stocks that were down more than a third from a year ago and a stocks-to-use ratio the second lowest in more than 35 years. The issue with the Grain Stocks report was the relationship of the U.S.D.A. Sept. 1 old crop corn in all positions estimate to trade expectations. The U.S.D.A. carryover of 1,128 million bus was down 34% from Sept. 1, 2010, but was above the high end of trade estimates, that ranged from 820 million to 1,050 million bus, and was 17% above the 962 million bus trade average. Corn stocks on Sept. 1 are important Continued on Page 28

Table of Contents for the Digital Edition of Food Business News - October 11, 2011

Food Business News - October 11, 2011
Yum! Brands income up 7% on international strength
Beverage Business News - Coca-Cola’s North American strategy
Market Analysis - Where did that corn come from?
Editorial - Feed demand shifts underscore food stability
Hain acquires Europe’s Best frozen fruit and vegetable business
U.S.D.A. raises refined sugar import quota
Hershey, Ferrero ink warehouse and distribution alliance
Bimbo says D.O.J. talks on Sara Lee ‘in final stage’
Friendly’s ice cream files for Chapter 11
Heart association enhancing Heart-Check mark program
Ralcorp completes acquisition of Sara Lee’s U.S. refrigerated dough business
Jim Hyatt to lead Church’s Chicken
Mars and Fairtrade form agreement
American Dietetic Association to change name
The N.R.A.’s Restaurant index declines again in August
Yum! Brands income up 7% on international strength
Investors to acquire Long John Silver’s, A&W
Coca-Cola to invest $3 billion more in Russia
U.S.D.A. unveils MiPlato, Spanish-language food icon
Consumer attitudes about nutrition hold steady
Higher feed costs crimp Cal-Maine earnings
F.A.O.’s Food Price Index declines in September
Cost increases pressure earnings at McCormick & Co.
F.D.A. announces retail food safety action plan
Entrance exam
New Product Trends - Citrus Flavor Fusion
Beverage Business News - Noah’s updates sparkling spring water line
Beverage Business News - Southern Comfort, Tabasco introduce beverage
Beverage Business News - Beverages taking the role of food ingredients on food service menus
Beverage Business News - TIC debuts guar gum replacement for instant beverages
Beverage Business News - D.P.S. puts its faith in flavors
Beverage Business News - InterBev trade show acquired by NürnbergMesse
Beverage Business News - Bottled water business starting to recover
Beverage Business News - SunOpta to expand non-dairy beverage capabilities
New Food Products - Green Giant adds pasta to Fresh Steamers line
New Food Products - Inventure, Nathan’s Famous introduce licensed brand
New Food Products - Sadler’s introduces Texas Barbeque
New Food Products - Liberty Orchards introduces Orchard Bar
New Food Products - Heinz Dip & Squeeze hits retail shelves
New Food Products - Yoplait adds new fruit and yogurt smoothie
New Food Products - Uncle Charley’s expands product line
New Food Products - Orville Redenbacher’s adds seasoning packets to popcorn
INGREDIENT MARKET TRENDS - Statistics Canada confirms record canola crop
Ingredient Markets
Supplier Innovations and News - Danisco launches natural antifungal blend
Supplier Innovations and News - Summit Hill patents grill flavor technology
Supplier Innovations and News - Frutarom buys U.S. flavor company
Supplier Innovations and News - Takasago center to focus on savory
Supplier Innovations and News - LycoRed positions focus on business development
Supplier Innovations and News - Compounds destroy E. coli, other bacteria in research
Supplier Innovations and News - Kerry to buy Cargill flavor company
Ad Index
Food Business in the News

Food Business News - October 11, 2011