The UK and the US enjoyed a public holiday on Monday and the shorter week is a quieter one for results. However, US poultry group Sanderson Farms and South Africa’s Tiger Brands will report H1s, while Tate & Lyle plc will announce annual figures. In New York, Citi will hold a conference featuring the likes of Mondelez International and General Mills.
Tuesday 28 May
Go deeper with GlobalData
The two-day annual conference held by the Round Table on Responsible Soy starts on Tuesday. This year’s event is in Beijing and is the eight held by the organisation, which was set up in 2006 to encourage the responsible use of the commodity.
For a flavour of last year’s event, which was held in London, click here.
Wednesday 29 May
Day one of Citi’s Global Consumer Conference in New York. Mondelez International boss Irene Rosenfeld is among the presenters at the event on day one, when she will present the snacks giant’s plans for emerging markets. Expansion in markets like Brazil and Russia are seen as key to the Cadbury owner’s growth.
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By GlobalDataThursday 30 May
The Citi event will hear from executives including General Mills CFO Don Mulligan and TreeHouse Foods CEO Sam Reed. Hain Celestial, flush from its latest acquisition, that of UK organic baby food business Ella’s Kitchen, will also present.
Also in the US, poultry group Sanderson Farms is set to file its first-half figures. First-quarter sales were up, helping Sanderson to reduce losses year-on-year, although the company said grain costs were affecting margins.
In the UK, food ingredients company Tate & Lyle will publish its annual results.
In South Africa, consumer goods group Tiger Brands will announce its half-year numbers. In its last fiscal year, to the end of September, Tiger reported higher annual profits as improved earnings from its international markets offset challenging conditions at home. In February, Tiger provided a trading update in which it reported “constrained” consumer spending in South Africa, “intense competition” and rising costs.
This week, rival Pioneer Food Group booked lower underlying half-year profits, affected by higher input costs and weak consumer confidence in South Africa.
