Note: The start time of the fiscal year of each company is different from the natural year, so there may be inconsistencies between the fiscal quarter and the year and the natural year. Companies may report their results on a quarterly or semi-annual basis.
Packaged food, beverages, dairy products
Nestle Group (Nestle) announced its results for the first half of 2024. Group sales amounted to 45,045 million Switzerland francs (approximately $53 billion), compared to 46,293 million Switzerland francs in the prior-year period. Group operating profit for the period was 7,841 million Switzerland francs, compared to 7,904 million Switzerland francs in the prior-year period. Sales in Greater China amounted to Switzerland 44 million francs, compared to 2,548 million Switzerland francs in the prior-year quarter.
PepsiCo, Inc. Announced results for the second fiscal quarter ended June 15, 2024. Net revenue for the quarter was $22,501 million, compared to $22,322 million in the year-ago quarter. Operating profit for the quarter was $4,048 million, compared to $3,659 million in the year-ago quarter. Net income attributable to the Company for the quarter was $3,083 million, compared to $2,748 million in the year-ago quarter.
THE COCA-COLA COMPANY ANNOUNCED RESULTS FOR THE SECOND QUARTER OF 2024. Quarterly net revenue was $12.363 billion, compared to $11.972 billion in the same period last year, an increase of 3% year-over-year. Net income attributable to owners of the company for the quarter was $2,411 million, compared to $2,547 million in the year-ago quarter, a year-over-year decrease of 5%.
Mondelez International announces second-quarter 2024 results. Net revenue for the quarter was $8,343 million, compared to $8,507 million in the year-ago quarter. Net income attributable to the Company for the quarter was $601 million, compared to $944 million in the year-ago quarter.
Danone reports financial results for the second quarter and first half of 2024. Sales revenue in the second quarter was 6.938 billion euros (about 7.67 billion US dollars), a year-on-year increase of 4.0%. Sales revenue in the first half of the year reached 13.757 billion euros (about 15.2 billion US dollars), a year-on-year increase of 4.0%. In the first half of the year, the company achieved a recurring operating profit of 1,746 million euros and a net profit of 1,219 million euros. In the first half of the year, sales revenue in China, North Asia and Oceania reached 1.841 billion euros, up 8.6% year-on-year.
Unilever announced its results for the first half of 2024. Group turnover in the second quarter was €16.1 billion, up 2.2 percent year-on-year. Among the five major businesses, the Beauty & Health business generated a turnover of 3.4 billion euros, a personal care business of 3.5 billion euros, a home care business of 3.1 billion euros, a nutrition business of 3.3 billion euros (approximately US$3.647 billion) and an ice cream business of 2.8 billion euros (approximately US$3.095 billion). Group turnover in the first half of the year was 31.1 billion euros, up 2.3 percent year-on-year. Group operating profit for the first half of the year was 5.9 billion euros, up 7.8 percent year-on-year. Net profit for the first half of the year was 4 billion euros, up 3.5% year-on-year.
Kraft Heinz announces second-quarter 2024 results. Net sales for the quarter were $6,476 million, compared to $6,721 million in the year-ago quarter. Net income attributable to common shareholders for the quarter was $102 million, compared to $1.0 billion in the year-ago quarter.
General Mills announced results for its fiscal fourth quarter and fiscal year ended May 26, 2024. Net sales for the fiscal fourth quarter were $4,714 million, compared to $5.03 billion in the year-ago quarter. Net income attributable to the Company for the quarter was $558 million, compared to $615 million in the year-ago quarter. Net sales for the fiscal year were $19.857 billion, compared to $20.094 billion in the previous year. Net income attributable to the Company for the fiscal year was $2,497 million, compared to $2,594 million in the previous year.
Yili shares disclosed the 2024 semi-annual report. In the first half of the year, the operating income was 59.696 billion yuan (about 8.39 billion US dollars), a year-on-year decrease of 9.53%; net profit was 7.531 billion yuan, a year-on-year increase of 19.44%. The year-on-year decrease in operating income during the reporting period was mainly due to the decrease in product sales. In terms of business, Yili's liquid milk business achieved operating income of 36.887 billion yuan in the first half of the year, milk powder and dairy products business achieved operating income of 14.509 billion yuan, and cold drink business operating income of 7.322 billion yuan.
Beverage company KDP (Keurig Dr. Pepper Inc.) Announced results for the second quarter of 2024. Net sales for the quarter were $3,922 million, compared to $3,789 million in the year-ago quarter. Net income for the quarter was $515 million, compared to $503 million in the year-ago quarter.
Denmark dairy company ArlaFoods has released its 2024 half-year report. Revenue for the current period was 6.609 billion euros (about 7.3 billion US dollars), compared with 7.067 billion euros in the same period of the previous year, a year-on-year decrease of 6%. Earnings before interest and taxes (EBIT) amounted to 266 million euros, compared to 161 million euros in the prior-year quarter. Net profit attributable to the company amounted to 167 million euros, compared to 103 million euros in the prior-year quarter.
Royal FrieslandCampina Netherlands has released its 2024 half-year report. Although revenue fell by 6.7% to EUR 6.4 billion (approximately USD 7.07 billion) due to lower milk prices and currency translation effects, profit in the first half of 2024 was significantly higher thanks to an improved product mix that eliminated the impact of expensive inventories and significantly reduced the difference between bulk dairy prices and guaranteed prices. Operating profit increased to 301 million euros and net income to 183 million euros. Revenue from the Specialty Nutrition business group increased by 4.8% to EUR 608 million and operating profit increased by 8.0% to EUR 135 million, mainly due to the strong growth of the Metso business in China, the largest market.
Kellanova reports results for the second quarter of 2024. Net sales for the quarter were $3,192 million, compared to $3,351 million in the year-ago quarter. Net income attributable to the Company for the quarter was $344 million, compared to $357 million in the year-ago quarter.
Mengniu Dairy released its 2024 interim results. In the first half of the year, Mengniu's revenue was 44.67 billion yuan (about 6.28 billion US dollars), a year-on-year decrease of 12.6%; The operating profit was 3.12 billion yuan, a year-on-year decrease of 4.8%. Profit attributable to equity shareholders decreased by 19.0% year-on-year to RMB2,446 million. During the reporting period, the revenue of Mengniu's liquid milk business, ice cream business, milk powder business and cheese business was 36,261.5 million yuan, 3,371.4 million yuan, 1,635.3 million yuan and 2,114.3 million yuan respectively.
Conagra Brands announces results for its fiscal fourth quarter and fiscal year ended May 26, 2024. Net sales in the fiscal fourth quarter were $2,906 million, compared to $2,973 million in the year-ago quarter. Net loss attributable to the company for the quarter was $567 million, compared to net income of $37.5 million in the year-ago quarter. Net sales for the fiscal year were $12,051 million, compared to $12,277.4 million in the previous year. Net income attributable to the Company for the fiscal year was $347 million, compared to $684 million in the prior year.
Master Kong Holdings released its 2024 interim results report. revenue in the first half of the year was 41.201 billion yuan (about 5.79 billion US dollars), a year-on-year increase of 0.7%; Profit attributable to shareholders of the company was 1.885 billion yuan, a year-on-year increase of 15.1%. In the first half of the year, Master Kong Holdings' instant noodle business revenue was 13.814 billion yuan. Among them, the container revenue was 6.857 billion yuan, a year-on-year increase of 6.3%; The revenue of high-priced bags was 5.485 billion yuan, a year-on-year decrease of 5.5%. In terms of beverage business, the revenue in the first half of the year was 27.065 billion yuan, a year-on-year increase of 1.7%. Among them, the revenue of tea products was 11.392 billion yuan, a year-on-year increase of 13%; The revenue of carbonic acid and other products was 9.745 billion yuan, a year-on-year decrease of 3.2%.
Suntory Beverage & Food Limited announced its results for the first half of 2024. The revenue for the current period was 817.36 billion yen (about 5.63 billion US dollars), compared with 749.135 billion yen in the same period last year, a year-on-year increase of 9.1%. Operating profit was 80.934 billion yen, compared to 68.831 billion yen in the same period of the previous year, a year-on-year increase of 17.6%. Net profit attributable to owners of the parent company was 46.494 billion yen, compared to 38.376 billion yen in the same period of the previous year, a year-on-year increase of 21.2%.
JDE Peet's announces results for the first half of 2024. Sales for the period were 4.21 billion euros (approximately 4.65 billion US dollars), compared to 3.988 billion euros in the same period of the previous year, an increase of 5.6% year-on-year. Adjusted EBIT profit was 692 million euros, compared to 581 million euros in the prior-year quarter, an increase of 19.2 percent year-on-year. Profit for the period was 360 million euros, compared to 193 million euros in the prior-year quarter.
Campbell Soup announced its results for the fourth fiscal quarter and fiscal year ended July 28, 2024. Net sales for the fiscal fourth quarter were $2,293 million, compared to $2,068 million in the year-ago quarter. Net loss attributable to the Company for the quarter was $3 million, compared to a net profit of $169 million in the year-ago quarter. Net sales for the fiscal year were $9,636 million, compared to $9,357 million in the previous year. Net income attributable to the Company for the fiscal year was $567 million, compared to $858 million in the previous year.
United States packaged food giant JM Smucker announced results for the first fiscal quarter ended July 31, 2024. Net sales for the quarter were $2,125 million, compared to $1,805 million in the year-ago quarter. Net income for the quarter was $185 million, compared to $184 million in the year-ago quarter.
HERSHEY'S ANNOUNCES SECOND-QUARTER 2024 RESULTS. Net sales for the quarter were $2,074 million, compared to $2,490 million in the year-ago quarter. Net income for the quarter was $181 million, compared to $407 million in the year-ago quarter.
Nongfu Spring released its 2024 interim results. revenue in the first half of the year was 22.17 billion yuan (about 3.115 billion US dollars), a year-on-year increase of 8.4%; Profit attributable to owners of the parent company was 6.24 billion yuan, a year-on-year increase of 8%. In the first half of the year, the revenue of packaged drinking water products was 8.531 billion yuan, compared with 10.442 billion yuan in the first half of last year. Tea beverage products achieved revenue of 8.43 billion yuan, an increase of 59.5% compared with the same period in the first half of last year.
Meiji Holdings announced its results for the first fiscal quarter (April-June) ended June 30, 2024. Revenue was 278.704 billion yen, compared to 262.734 billion yen in the same period last year. Operating profit was 20,498 million yen, compared to 19,497 million yen in the same period of the previous year. Net income attributable to owners of the parent company was 13,949 million yen, compared to 11,593 million yen in the same period of the previous year. Among them, the food business had net sales of 225.9 billion yen (about 1.56 billion US dollars) and an operating profit of 13.5 billion yen. The pharmaceutical business had net sales of 52.9 billion yen and operating profit of 7.4 billion yen.
Switzerland Lindt & Sprungli announced its results for the first half of 2024. Total revenue for the period was 2,218 million Switzerland francs (approximately $2,610 million), compared to 2,097 million Swiss francs in the prior-year period. Operating profit for the period was CHF 292 million, compared to CHF 255 million in the prior-year quarter. Net profit attributable to shareholders of the parent company for the period was CHF 218 million, compared to CHF 205 million in the prior-year quarter.
NISSIN FOODS HOLDINGS CO., LTD ANNOUNCED ITS RESULTS FOR THE FIRST FISCAL QUARTER (APRIL-JUNE) ENDED JUNE 30, 2024. Revenue was 185.036 billion yen (about 1.28 billion US dollars), compared with 166.47 billion yen in the same period last year, a year-on-year increase of 11.2%. Operating profit was 23.312 billion yen, compared to 22.186 billion yen in the same period of the previous year, a year-on-year increase of 5.1%. Net profit attributable to owners of the parent company was 15.873 billion yen, compared to 14.031 billion yen in the same period of the previous year, a year-on-year increase of 13.1%.
Uni-President China Announces 2024 Interim Results. Revenue in the first half of the year was approximately RMB15.449 billion (approximately US$2.17 billion), representing a year-on-year increase of 6%; Profit attributable to equity holders of the Company for the period was approximately RMB966 million, representing a year-on-year increase of 10.2%. The revenue of the beverage business during the period was approximately RMB10.024 billion, an increase of 8.3% year-on-year. Revenue from food business was RMB4,947 million, up 0.9% over the same period last year. Instant noodle business revenue was $4,858 million, up 1.9% over the same period.
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