I found 19 Big Food Corps, with Pretax Earnings (PTI) or Pretax Losses above $100 mil each in either the 4Q 2011 or the 4Q 2010, which have released their 4Q 2011 earnings so far.
These 19 Big Food Corps had a Total Pretax Earnings decline of 8% in the 4Q 2011 as compared with the 4Q 2010.
Clearly, US Republican Congress obstinance put a strangle hold on the US economy in 4Q 2011, causing a significant downturn in US consumer confidence and much increased US business uncertainty, thereby hampering the performance of these US Big Food Corps.
Below here are these 4Q 2011 Pretax Earnings (PTI), along with a comparison with the prior year’s quarter amounts.
.............................................................................Increase
................................................PTI..........PTI.......(Decrease)
.................................................4Q...........4Q..................
...............................................2011........2010....Amount....%
.................................................(millions of dollars)
PepsiCo..................................1,999.......1,872........127.....7%
Kraft Foods...............................934..........712........222....31%
General Mills............................630..........741.......(111)..-15%
Archer Daniels Midland(1)........460..........998......(538)..-54%
Campbell Soup..........................388..........414........(26)...-6%
Kellogg......................................341..........260.........81....31%
HJ Heinz...................................293..........347........(54)..-16%
ConAgra Foods..........................251..........298........(47)..-16%
Tysons Foods............................243..........445......(202)..-45%
Bunge Ltd..................................240..........346......(106)..-31%
Hershey....................................208..........200............8......4%
JM Smucker..............................193..........222.........(29)..-13%
Hormel Foods...........................180..........188..........(8)....-4%
Smithfield Foods.......................174..........205.........(31)..-15%
Corn Products...........................147............80..........67....84%
Green Mountain Coffee(2).........142.............13.........129..992%
Mead Johnson Nutrition...........132...........134..........(2)....-1%
Ralcorp.....................................101...........111.........(10)...-9%
Sara Lee(3).................................83...........154.........(71)..-46%
Total all 19.............................7,139.......7,740.......(601)...-8%
(1) Archer Daniels Midland 2011 PTI excludes PHA Asset Impairment Charge.
(2) Green Mountain Coffee Roasters 2011 PTI excludes Gain on Sale of Subsidiary.
(3) Sara Lee 2010 PTI excludes Debt Extinguishment Charge.
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Late Addition: Feb 29, 2012
.............................................................................Increase
................................................PTI..........PTI.......(Decrease)
.................................................4Q...........4Q..................
...............................................2011........2010....Amount....%
.................................................(millions of dollars)
Seaboard...................................97..........128.........(31)....-24%
