Food Business News - Jul 12, 2005 - 1
FoodBusinessNews
foodbusinessnews.net
July 12, 2005
NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY
Maple Leaf's
Michael
McCain
announces
major
expansion
Portable foods market
shifting into overdrive
15
Less is more - the
rationale for s.k.u.
rationalization
24
Gylcemic index - the next
big thing?
34
MARKET WATCH
NAPLES, N.Y. - Food makers have become adept at creating new portable food
products. According to Datamonitor's
Productscan Online database of new
products, the number of new food
products launched in the United
States that had the word "go" in the
name of the product or in supporting
advertising or labeling more than tripled from 134 in 2001 to 504 in 2004.
Impressively, these ranks now
include a growing number of foods
outside of traditional snack foods.
Yogurt, soup, fresh fruits and vegetables recently have weighed in
with contributions to the portable
food trend. Furthermore, according to Datamonitor, eating-on-thego occasions in the United States
are set to rise from 124 billion in
2003 to 137 billion by 2008.
"Consumers are eager to increase leisure time, but face longer
from technologies like cell phones and
e-mail that have blurred the traditional
line between work and home," said Tom
Vierhile, executive editor of Productscan
Online. "Commuters in the U.S. make
an average of four journeys
per day. So, when it comes to creating
new food products with hit potential,
one vital factor for success is creating
Continued on Page 16
General Mills: An end to great expectations?
Diesel fuel prices reached
an all-time high last week.
Ahead of the 2001 acquisition of The Pillsbury Co., General Mills, Inc. executives
suggested the $10 billion acquisition would
turbocharge sales and earnings. Stephen
W. Sanger, chairman and chief executive
officer of General Mills, said adding the
Pillsbury business would add at least one
percentage point to the company's top-line
growth rate and one to two points to its
earnings per share growth target.
Announcing financial results June 29,
Mr. Sanger said fiscal 2005 (ended May 29)
marked the end of the transition period following the Pillsbury integration. Investors
who expected this new chapter for General
Mills would be accompanied by forecasts
of stepped-up growth were sorely disappointed. Instead of growth rates one or two
points higher than in the past, Mr. Sanger
announced new targets beneath pre-Pillsbury growth rates.
"We think General Mills is well-positioned to deliver low single-digit growth in
net sales, mid single-digit growth in operating profits, and high single-digit growth in
earnings per share," Mr. Sanger said. Reacting to the forecast and to the company's
Continued on Page 28
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Food Business News - Jul 12, 2005
Table of Contents for the Digital Edition of Food Business News - Jul 12, 2005
Contents
Food Business News - Jul 12, 2005 - 1
Food Business News - Jul 12, 2005 - 2
Food Business News - Jul 12, 2005 - 3
Food Business News - Jul 12, 2005 - Contents
Food Business News - Jul 12, 2005 - 5
Food Business News - Jul 12, 2005 - 6
Food Business News - Jul 12, 2005 - 7
Food Business News - Jul 12, 2005 - 8
Food Business News - Jul 12, 2005 - 9
Food Business News - Jul 12, 2005 - 10
Food Business News - Jul 12, 2005 - 11
Food Business News - Jul 12, 2005 - 12
Food Business News - Jul 12, 2005 - 13
Food Business News - Jul 12, 2005 - 14
Food Business News - Jul 12, 2005 - 15
Food Business News - Jul 12, 2005 - 16
Food Business News - Jul 12, 2005 - 17
Food Business News - Jul 12, 2005 - 18
Food Business News - Jul 12, 2005 - 19
Food Business News - Jul 12, 2005 - 20
Food Business News - Jul 12, 2005 - 21
Food Business News - Jul 12, 2005 - 22
Food Business News - Jul 12, 2005 - 23
Food Business News - Jul 12, 2005 - 24
Food Business News - Jul 12, 2005 - 25
Food Business News - Jul 12, 2005 - 26
Food Business News - Jul 12, 2005 - 27
Food Business News - Jul 12, 2005 - 28
Food Business News - Jul 12, 2005 - 29
Food Business News - Jul 12, 2005 - 30
Food Business News - Jul 12, 2005 - 31
Food Business News - Jul 12, 2005 - 32
Food Business News - Jul 12, 2005 - 33
Food Business News - Jul 12, 2005 - 34
Food Business News - Jul 12, 2005 - 35
Food Business News - Jul 12, 2005 - 36
Food Business News - Jul 12, 2005 - 37
Food Business News - Jul 12, 2005 - 38
Food Business News - Jul 12, 2005 - 39
Food Business News - Jul 12, 2005 - 40
Food Business News - Jul 12, 2005 - 41
Food Business News - Jul 12, 2005 - 42
Food Business News - Jul 12, 2005 - 43
Food Business News - Jul 12, 2005 - 44
Food Business News - Jul 12, 2005 - 45
Food Business News - Jul 12, 2005 - 46
Food Business News - Jul 12, 2005 - 47
Food Business News - Jul 12, 2005 - 48
Food Business News - Jul 12, 2005 - 49
Food Business News - Jul 12, 2005 - 50
Food Business News - Jul 12, 2005 - 51
Food Business News - Jul 12, 2005 - 52
Food Business News - Jul 12, 2005 - 53
Food Business News - Jul 12, 2005 - 54
Food Business News - Jul 12, 2005 - 55
Food Business News - Jul 12, 2005 - 56
Food Business News - Jul 12, 2005 - 57
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Food Business News - Jul 12, 2005 - 60
Food Business News - Jul 12, 2005 - 61
Food Business News - Jul 12, 2005 - 62
Food Business News - Jul 12, 2005 - 63
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