The Year in Review, Kellogg Up 15 Percent and PepsiCo Up
City of Industry, CA --(www.USEquityNews.com)-- 01/02/2006 - Consumer Goods industry alert provided by U.S. Equity News. Strong-performing cereal and snack brands helped lift shares of Kellogg Co. (NYSE:K) some 15 percent in 2006, with the company steadily posting increased profit and revenue despite rising commodity costs. The Battle Creek, Mich.-based company has seen continued strength at its North American retail snacks unit and increased consumer demand for frozen and specialty foods like Eggo and Morningstar Farms vegetarian products. Sara Lee (NYSE:SLE) is introducing Soft & Smooth 100% Whole Wheat Bread, the first 100% wheat bread that provides families the taste and texture they prefer with the nutrition they need. Importantly, this new bread has the potential to increase the consumption of whole grain in the U.S. by billions of grams per year if just a small fraction of wheat bread buyers switch to the new bread.
Although PepsiCo (NYSE:PEP) investors saw shares rise only 5 percent in 2006 -- compared with Coca-Cola gains of 19 percent, the company's strong profit and revenue results impressed Wall Street analysts this year. Pepsi CFO Richard Goodman recently said the company is poised for long-term growth and low double-digit earnings per share growth. The year also saw PepsiCo put its rivalry with Coca-Cola aside to foil a case of corporate espionage. NutraCea (OTC BB: NTRZ) announced that this week they began distributing 80,000 pounds of their RiSolubles® product to thousands of orphans through Community Based Organizations in Malawi as part of an extraordinary collaborative effort with Feed the Children, Raising Malawi, an organization supported by Madonna, and The Malaria Solution Foundation. NutraCea is a world leader in production and utilization of stabilized rice bran.
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