US breakfast cereal group Post Holdings kicks off a relatively quieter week of results with its half-year numbers on Monday. On Tuesday, meat giants Marfig and JBS will report on how it fared in the first three months of the year – as will Wal-Mart on Thursday. The week also includes an international conference in the Netherlands looking at the sustainable cultivation of soy.
Monday 13 May
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Post Holdings
Half-year results are due in from Post Holdings, the US breakfast cereal group behind brands like Grape Nuts and Honey Bunches of Oats. Competition for a place on US breakfast tables is growing and the category is one of the more challenging in the industry. Post’s executives will also be quizzed on the company’s acquisition of a clutch of private-label and branded assets from Hearthside Foods this week.
Tuesday 14 May
In the Dutch city of Rotterdam, the ProTerra Foundation will hold its annual conference on sustainability and, more specifically, the sustainability of soy. Speakers include executives from German retail giant Rewe, soy brand Alpro and food manufacturers in Sweden and the Netherlands.
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By GlobalDataBrazilian meat giants JBS and Marfrig will report their first-quarter results. JBS moved into profit in 2012, helped by its businesses across South America and by a profitable performance from its US poultry unit. Marfrig, meanwhile, saw its losses narrow and reported EBITDA. Sales were up, too.
Thursday 16 May
The world’s largest retailer, Wal-Mart Stores, reports its first-quarter results. In February, it issued a cautious forecast for Q1 profits amid caution over the economy and consumer confidence. On the same day, UK retailer Asda will hold a briefing in London to discuss its numbers. Asda’s sales were up 4.5% in 2012, with like-for-like sales, excluding fuel, increasing 1%.
US baker Flowers Foods books its first-quarter results. It said in March it expected to report a “strong” quarter. Sales and profits were up in 2012, Flowers reported in February, when it also said it believed it could benefit from the demise of Hostess Brands.
Friday 17 May
Belgium-based food group PinguinLutosa reports its annual results. Sales were up in the first three quarters of the year at a company that is reshaping itself after the sale of potato division Lutosa to McCain Foods.
