The addition of Yoplait yogurt business has helped its top line grow 12% to $4.07 billion from the year-ago period. In fact, the Yoplait business played a major role in driving sales in the International segment which jumped 46% to $1.1 billion. On the other hand, the U.S. Retail segment and Bakeries & food service segment increased by a meager 2.9% and 1.7%, respectively. The Minneapolis-based retailer made certain other buyouts in order to strengthen its portfolio such as Parampara, an Indian Spice company and Yoki Alimentos, a Brazilian food maker through which the company expects to expand its market presence, particularly in the emerging markets. This strategy of bolt on acquisition will probably help the company do even better moving forward.
With the popularity of its Yoplait yogurt business among health conscious customers, the company has been able to see good results in its recent quarter. It plans to further strengthen this product line to complement its other growth efforts. Even the restructuring plan will help the retailer brighten its bottom line. With cost inflation easing off the food retailer looks like a good bet in the long term.
The addition of Yoplait yogurt business has helped its top line grow 12% to $4.07 billion from the year-ago period.
Previous Post: Yoplait coupons printable 2014
To Your Health..