News & Analysis on Food & Beverage Development & Technology
While Kraft Food Group’s growth outpaced that of many rivals in Q4 with organic revenue growth of 3.4% vs North America food and beverage industry growth of 2.4%, 2014 as a whole was “difficult and disappointing”, said new chairman and CEO John Cahill.
Whole Foods Market continues to evolve in the face of increased competition and gain market share by responding to consumers’ changing shopping habits with a broad online presence that is gaining traction.
Kellogg’s 136% profit plunge for the fourth quarter (Q4) is disappointing and can mainly be attributed to continued poor performances in Special K and Kashi, its CEO says.