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Kimberly-Clark reports Q2 earnings

BY Anna Mcgrath

DALLAS Kimberly-Clark Corp. reported a 5.6% drop to $4.7 billion in its second-quarter net sales this year, while overall sales volumes faded 2%.

The company’s K-C professional and consumer tissue businesses felt the adverse affects of the current economy as the company’s global healthcare business sales surged 14%.

Diluted net income per share for the quarter was 97 cents, compared with 99 cents per share in 2008.

“Business conditions remained challenging in the second quarter, as the economic environment and weak foreign currency rates continued to impact our results.  All-in-all, we made progress in a number of areas and expect to build on this performance with improved bottom-line results in the second half of the year,” said chairman and CEO Thomas J. Falk.

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Coca-Cola Co. reports strong Q2 earnings

BY Anna Mcgrath

ATLANTA Coca-Cola Co. reported a strong set of results during the second quarter 2009, with strong worldwide unit case volume growth of 4% in the quarter and 3% year-to-date.

Coca-Cola Co. attributes their results to their Open Happiness campaign, which caused global volume and value share gains amongst most key markets and categories.

“We continue to deliver solid operating performance,” said Muhtar Kent, Coca-Cola Co.’s chairman and CEO. “In the first half of the year, we delivered volume and profit results in line with our long-term growth targets, despite very challenging global economic conditions. We outperformed the nonalcoholic ready-to-drink industry in most of our key markets and drove further global volume and value share gains. And, with our disciplined approach to productivity initiatives, we remain on track to achieve our $500 million target in annualized savings by 2011 and expect to deliver more than half of the savings by the end of this year.”

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Sunsweet introduces its new Philippine Pineapple

BY Anna Mcgrath

YUBA CITY, Calif. Sunsweet Growers presents its Philippine Pineapple, the latest addition to its dried-fruit line.

Unlike other brands, Philippine Pineapple is grown in elevated regions of the Phillippines, ranging from 2,000 ft. to 3,000 ft. The cooler temperatures add moisture to the product, making it an ideal location for growth.

“People are searching for healthy snacking alternatives and dried fruit is a treat that’s always smart to eat,” said Steve Harris, VP of marketing at Sunsweet Growers. “Not only is Philippine Pineapple great for a quick and convenient snack, it really does satisfy the most serious sweet tooth!”

Philippine Pineapple is now available at major retailers nationwide in a 6-ounce resealable bag for $3.99.

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