Weak sales drop 2Q revenues 1.1% for Kraft Weak sales on salad dressings and cold cuts led to a 1.1% decline in revenues for Kraft in the second quarter. The company did, however, beat analysts' expectations after a change in its pension plans. Net income rose to $829 million in the second quarter, up from $603 million last year. "We expect to see profitable growth from a stronger base going forward and greater revenue growth in subsequent quarters as more new initiatives come to market," said CEO Tony Vernon. Chicago Tribune (tiered subscription model) (8/1), Reuters (8/1), CNBC/The Associated Press (8/1) General Mills still sees potential for dry dinner line General Mills will be putting more effort into sales of dry dinners like its traditional Helper line. General Mills Meal Division Senior VP Julianna L. Chugg said that while the market has been mixed for segment, it still has potential. "In part that is because demand for convenient meal offerings is growing. Today consumers devote less than 30 minutes to prepare and cook the evening meal so convenience is very important, right after taste, in deciding what to make for dinner," Chugg said. FoodBusinessNews.net (free registration) (8/1)  | Join a community that can help you grow your business
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 | CPG marketing differs for boomers and millennials Baby boomers, or consumers born between 1946 and 1964, make up 50% of the market for consumer packaged goods, according to Nielsen. Marketing to boomers requires highlighting ingredients that the demographic knows and understands, such as protein or fiber, BrandHive Chief Marketing Officer Jeff Hilton says. Marketing for millennials, meanwhile, can be more fluid because they are more willing to try innovative ingredients, such as coconut water, Hilton says. Boomers are expected to account for 70% of disposable income during the next five years, Nielsen says. FoodNavigator (8/1) Report: Europeans prefer peach and lemon blends in soft drinks European soft drinks featuring a mixture of peach, lemon and ginseng flavors were the most popular, according to research firm Canadean. Other popular flavor mixes include mulberry, peach and green tea and orange and kiwi. "In addition to attracting new customers, mixed flavors are more economical to produce than single variants," the company said. BeverageDaily.com (France) (8/1)  | Geospatial EAM for Better Governing
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 | Kroger cuts prices and remodels Houston stores Kroger shoppers in Houston will find lower prices on thousands of items as part of the grocer's "Refresh" campaign. The company also plans to spend $79 million to upgrade stores in the area. "We know that price is important to every customer and, at times, can be a deciding factor where to shop," said Bill Breetz, president for the Southwest. "With our Refresh initiative, we're making a multimillion-dollar investment to reduce prices across the store and re-engaging our employees to offer highly satisfied customer service." Supermarket News (free registration) (8/1), Progressive Grocer (8/1)  | Eliminating Paper Paychecks: Best Practices for Implementing a Successful, Compliant Electronic Payroll Distribution Program
Employers today recognize the value of electronic payroll distribution; however, while many embrace it, a poor implementation strategy can threaten the successful migration to electronic payroll. Learn how proper planning and adherence to compliance best practices can ensure program success. Download the free white paper now. |
 | Study: Consumer choice not swayed by front-of-pack labels Nutritional information on the front of food packaging does not affect how consumers choose products, according to researchers at Denmark's Aarhus University. Researchers call the survey of 1,000 German and Polish consumers "sobering." "The study indicates that the implementation of nutrition labels per se ... does not influence the healthfulness of consumers' choice when they choose according to their preference," researchers said. However, when asked to make healthful choices, consumers did rely on the labels. FoodNavigator (8/1) | Farm bill in jeopardy as House proposes deeper food stamp cuts Passage of a final farm bill may be in danger after House Republicans proposed a $40 billion cut in food stamps -- twice the amount they sought in the previously defeated bill. The House will vote on the new cuts before the House and Senate meet to work out differences in their two bills. Sen. Debbie Stabenow, D-Mich., chairwoman of the Senate Agriculture Committee, said the new cuts will make it hard to get the bill passed before agricultural programs expire on Sept. 30. The New York Times (tiered subscription model) (8/1), Reuters (8/1) |  | Though language forms the preacher, 'Tis good works make the man." -- Eliza Cook, British author | | | Please contact one of our specialists for advertising opportunities, editorial inquiries, job placements, or any other questions. | | Publisher, Food & Beverage: Chris Warne P: 646.462.4647 | | | | |
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