All news articles for August 2020

Olam remains confident it can weather the Covid crisis. Pic: Olam International

Financial results

Olam reports resilient performance in H1 2020 with 44.4% growth

By Anthony Myers

Global food and agri-business, Olam Group, has reported strong results for the first half of 2020 and claimed to make good progress on its Strategic Plan (2019-2024) and Re-organisation Plan announced in January 2020.

A still from the Extra Real Friend Request ad. Pic: Mars Wrigley

In brief

Mars’ Extra Gum ad highlights need for friendship during shutdown

By Anthony Myers

Extra gum has launched a new creative advertisement as part of its on-going ‘Give Extra, Get Extra’ campaign to inspire the value of relationships, even through a small gesture, especially during lockdown scenarios caused by the COVID-19 pandemic.

With travel on hold, backyard fire pits and s'mores treats have become popular. Pic: Gettyimages

Coronavirus

More s’mores please: Sales of American classic soar during COVID pandemic

By Anthony Myers

Hershey has reported a record-breaking demand for s’mores during the coronavirus crisis, with sales of its six-pack bars skyrocketing by 40% - even higher in some US states with stricter lockdown regulations. Monday 10 August is ‘National S’mores Day’...

The strong performance of its core Hostess branded products propelled the American bakery company's second quarter financial results. Pic: Hostess Brands

Hostess financial results again exceed expectations

By Gill Hyslop

Hostess Brands has topped consensus revenue estimates four times over the past four quarters, again surpassing the Zachs Consensus Estimate by 1.38% for the quarter ended June 2020.

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