[2/24/2005] Bloomberg: Kellogg, Danone Bet High-Priced Organic Brands Are `Not a Fad'
An article on Bloomberg.com examines the price premium for organic and natural and notes business performance and strategy of companies such as Danone, Kellogg, Kraft Foods and Nestle, suggesting that this market is slated for ongoing growth and is not a fad. Other companies cited in the article include Stonyfield Farm, H. J. Heinz Co., Hain Celestial Group Inc., and Nature's Path
[2/24/2005] Nestlé Full-Year Results Announced
Switzerland-based Nestlé has announced FY04 results, reporting a rise of 8.1% in net profit to CHF 6.7 billion ($5.77 billion), as net debt reduced to CHF 10.2 billion from CHF 14.4 billion in 2003. Consolidated sales reached CHF 86 769 million ($74.78 billion), while EBITA reached CHF 10 970 million. The company noted that nutrition products achieved 8.7% organic growth, while performance nutrition grew 18.2%.
[2/23/2005] Herbalife Ltd. Announces 2004 Net Sales
US-based network marketing company Herbalife Ltd. (HLF) reported FY04 results, posting sales of $1.3 billion, an increase of 13.0% over the previous year, with net income ring 25% to $46.2 million compared to $36.8 million for FY03. Including pre-tax recapitalization expenses of $71.5 million, the company reported a net loss of $14.3 million, a loss of 27 cents per share.
[2/22/2005] Wild Oats Markets, Inc. Reports Preliminary Fourth Quarter and Year-End 2004 Results
US-based natural and organic food retailer Wild Oats Markets, Inc. (OATS) has announced preliminary FY04 and Q4 results, noting that the company intends to restate prior period financial statements which will not have an impact on the Company's cash position, net sales or same-store sales. Preliminary 04 results show net sales of $1.05 billion, an 8.1% increase over net sales of $969.2 million in 2003. Comparable store sales in 2004 increased 1.4%.
[2/18/2005] Kemin Industries To Invest and Receive Public Assistance Package for New Headquarters
According to an article in the Des Moines Register, Kemin Industries will receive $550,000 in state assistance to help build an $8 million headquarters in Des Moines and make $1.5 million in manufacturing improvements. According to the article, Kemin is to invest $13.3 million in the project, which totals $17.8 million when working capital is added. The public assistance package is also expected to include $1.25 million from the county and nearly $1.1 million from the city of Des Moines.
[2/18/2005] Campina Investing in Whey Processing and Food Ingredient Operations
Netherlands-based dairy company Campina, has announced that its ingredients division, DMV International, is investing EUR 57 million into its whey processing and food ingredient facilities in Veghel, The Netherlands with the intention of producing new and unique whey based ingredients with the first commercial products expected during Q3 2006. According to the company, the DMV facilities in Uitgeest - The Netherlands will be closed due to this restructuring.
[2/18/2005] BioGaia AB Presents Year-end Report for 2004
Sweden-based BioGaia AB has reported FY04 results, noting a growth in sales to SEK 40.4 million (USD $5.8 million) from SEK 35.6 million for FY03. According to the company, the net loss was SEK 23.2 million (USD $3.33 million).
[2/16/2005] MEG-3(TM) Healthy Food Ingredient - US Production Expansion Announced
Ocean Nutrition Canada Ltd. has announced the purchase of a manufacturing facility in Arcadia, Wisconsin, that will allow it to manage rising demand for the company's MEG-3(TM) omega-3 EPA/DHA product derived from fish oil. According to the company, the new facility will produce the company's MEG-3(TM) food ingredient for the US market.
[2/15/2005] Nature's Sunshine Reports 2004 Revenues
US-based supplement company Nature's Sunshine Products, Inc. (NASDAQ:NATR) has announced FY04 and Q4 results, reporting FY04 sales revenue of $331.1 million, compared to $260.2 million prior year. For Q4, the company reported sales revenues of $88.3 million compared to $68.8 million the previous year, with operating income of $6.5 million versus $3.8 million. The company's Synergy Worldwide operation had revenue growth to $23.5 million for Q4, compared with $10.5 million the previous year.
[2/15/2005] Brand New Brands, Inc. Launched to Develop 'Functional' Foods & Beverages
A new functional food and beverage entity, Brand New Brands, has raised $15 million in venture capital from Burrill & Company, Great Spirit Ventures, Unilever Ventures and Prolog Ventures. The three co-founders of the company include Greg Horn, Pete Mattson, and William Rosenzweig, with the latter to serve as CEO. According to the release, the company plans to spin proven brands into stand-alone companies to be eventually sold off.
[2/15/2005] Advanced Nutraceuticals Announces First Quarter Results
US-based Advanced Nutraceuticals, Inc.(OTC Bulletin Board: ANII) has announced FY05 Q1 results reporting net sales of $4.5 million compared to $4.1 million prior year, and income from continuing operations before income taxes of $635,000 versus $604,000 previous year.
[2/15/2005] Balchem Corporation Announces 4th Quarter Earnings Results
US-based Balchem Corporation (Amex:BCP) has announced FY04 Q4 results, reporting sales of $18.0 million, compared to $16.4 million for the same period prior year, with earnings of $2.0 million ($0.26 per share) compared to $1.3 million ($0.19 per share) the previous year. Sales of the Encapsulated/Nutritional Products segment were $6.2 million in the period, an increase of 2.2% over prior year.
[2/14/2005] Galaxy Nutritional Foods Reports Third Quarter Operating Results
US-based foods company Galaxy Nutritional Foods, Inc. (GXY) has announced FY05 Q3 results, reporting that sales increased 10% from $9.6 million to $10.6 million compared with prior year, and a net operating loss of ($450,845), versus a net operating loss of ($1,124,420) prior year. According to the company, a gross margin decline was largely due to increased food ingredient costs.
[2/11/2005] Nutrition 21 Reports Second Quarter Results
US-based supplement company Nutrition 21, Inc. (NXXI) has reported FY05 Q2 results, with revenues totaling $3.7 million compared to $2.3 million prior year, and a net loss of $0.3 million, or ($0.01) per diluted share compared to a net loss of $1.2 million or ($0.03) per diluted share for FY04 Q2.
[2/10/2005] Whole Foods Market Reports First Quarter Results
US-based natural and organic food retailer Whole Foods Market, Inc. (WFMI) has announced FY05 Q1 results, reporting a sales increase of 22% to $1.37 billion for the quarter, with comparable store sales growth of 11.4%. Net income increased 27% to $49.1 million, while diluted earnings per share increased 21% to $0.73 year over year.
[2/10/2005] Dean Foods Company Reports Fourth Quarter and Full Year Results
US-based food and beverage company Dean Foods Company (DF) has reported FY04 and Q4 results, noting that adjusted net income for Q4 grew 10% to $98.8 million compared with $89.9 million in Fy03 Q4, and the company earned $0.64 per diluted share compared to $0.54 per share prior year. White Wave Foods, combining the original White Wave company, Horizon Organic and Dean National Brands, reported Q4 net sales of $334 million, a 57% increase over FY03 Q4.
[2/9/2005] USANA Announces Fourth Quarter and Annual Results
US-based direct selling company USANA Health Sciences Inc. (USNA) has announced Fy04 and FY04 Q4 results reporting sales for Q4 of $75.1 million compared to $59.5 million for the same quarter prior year. For the year, USANA achieved net earnings of $30.8 million ($1.51 per share), an increase of 48% from the $20.8 million ($0.98 per share) for 2003.
[2/9/2005] Natural Alternatives International, Inc. Reports Second Quarter Results
US-based Natural Alternatives International, Inc. (NAII) has reported FY05 Q2 results, with net sales of $21.5 million, up from $17.2 million the prior year, with growth resulting from a 33% increase in contract manufacturing sales. The company noted that income before income taxes increased 68% to $1.0 million from $612,000 in the comparable quarter last year.
[2/8/2005] Nu Skin Enterprises Reports Record Fourth Quarter and Year-End Revenue
US-based direct selling company Nu Skin Enterprises, Inc. (NUS) has reported FY04 and FY04 Q4 results, with revenue of $1.14 billion for 2004, and for the fourth quarter, revenue of $306.3 million, up 11%. In the quarter, the company reported that North American revenue grew 13%, South Asia/Pacific was even, Greater China rose 44%, North Asia rose 2%, and other markets grew 34%. Fourth quarter overall operating margin was 10.9 percent.
[2/8/2005] MGPI Announces Fiscal 2005 Second Quarter Results
US-based MGP Ingredients, Inc. (MGPI) has reported FY05 Q2 results with net income of $1,354,000, ($0.08 per common share), compared to $1,834,000, ($0.12 per share) prior year. The company reported sales of $61,164,000 for Q2, up 3% over sales of $59,409,000 for the previous year.
[2/4/2005] The Hain Celestial Group Reports Second Quarter 2005 Results
US-based natural and organic food company The Hain Celestial Group, Inc. (HAIN) has announced FY05 Q2 results, reporting that sales increased 19% from $142.8 million to $169.8 million for Q2, with net income rising to $10.7 million($0.29 per share (after deducting $0.02 per share for charges and costs)) from $10.4 million for FY04 Q2.
[2/3/2005] Ajinomoto To Produce Amino Acids In Brazil
According to a Dow Jones article, Japan-based Ajinomoto Co. has announced that its Brazilian subsidiary, Ajinomoto Interamericana Industria e Comercio Ltda., is expecting to bring full-scale production of glutamine on-line by the second half of this year, with plans also calling for the plant to manufacture valine, leucine and isoleucine.
[2/3/2005] Leiner Health Products Reports Third Quarter 2005 Results
US-based supplement and OTC manufacturer Leiner Health Products Inc. has announced FY05 Q3 results with sales of $189.3 million compared to $176.7 million prior year, and net income of $8.1 million compared to $10.2 million. Credit Agreement EBITDA was $25.3 million for the quarter, compared to $23.8 million for the same period of 2004. The company noted joint care opportunities and referred to being well positioned to handle negative media affecting Vitamin E sales.
[2/3/2005] Chr. Hansen Expands Culture Facility in Germany
Denmark-based Chr. Hansen has announced that the company is investing EUR 6 million ($7.8 million USD) to expand capacity at its culture production facility in Pohlheim, Germany. According to the company, the expansion is scheduled for completion next spring and is intended to support future market growth.
[2/1/2005] SunOpta Announces Opening of State-of-the-Art Food Distribution Facility
Canada-based SunOpta Inc. (STKL)(CA:SOY) has announced the opening of a new state-of-the-art 135,000 square foot facility, the largest such facility in Canada dedicated to the distribution of organic, natural and kosher foods.
[2/1/2005] Kemin Plans Expansion in Des Moines
According to an article in the des Moines Register, Iowa-based Kemin Industries Inc. is planning a $10 million expansion, including an $8.5 million office building and $1.5 million to increase lutein production. According to the article, officials hope to consolidate operations at company headquarters, with a projected 40 added jobs over the next five years, and are seeking financial assistance from state and local government.
[2/1/2005] Imperial Ginseng Products Ltd. Reports First Half of 2005 Fiscal Year Results
Canada-based Imperial Ginseng Products Ltd. (TSX VENTURE:IGP) has announced three and six-months results ending December 2004, with three month revenues at $2.4 million, net income of $0.16 million or $0.01 per share.
[2/1/2005] PacificHealth Laboratories, Inc. Receives $1 Million Equity Investment
US-based nutrition company PacificHealth Laboratories, Inc. (PHLI), has announced a $1 million equity investment from Hormel Health Labs, LLC, a subsidiary of Diamond Crystal Sales, LLC.