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P&G posts fiscal year 2013 results

BY Antoinette Alexander

CINCINNATI — Procter & Gamble announced on Thursday that net sales for the fiscal year inched up 1% as net earnings per share from continuing operations rose 24%.

“The company met its objectives for the fourth quarter and fiscal year, and we will build on these results in fiscal 2014,” stated chairman, president and CEO A.G. Lafley. “With an overriding focus on value creation, we will strengthen and accelerate productivity plans. We will continue to make choiceful investments in core brands, our biggest innovation opportunities, and in our core developed and most promising developing markets. In all we do, we will stay focused on winning with consumers, customers and shareholders.”

Net sales for fiscal 2013 totaled $84.2 billion, up 1% including a negative two-point impact from foreign exchange. Organic rose 3% during the year.

Diluted net earnings per share from continuing operations were $3.86, up 24% compared with the prior year.

For the fourth quarter, sales rose 2% to $20.7 billion, and organic sales grew 4%. Diluted net earnings per share from continuing operations totaled 64 cents per share, a decrease of 14%.

For fiscal 2014, the company expects core earnings per share to grow between 5% and 7%, equal to fiscal 2013 growth at the low end of the range and within the company’s long-term, annual growth objectives at the high end of the range. Reported earnings per share are expected to grow between 7% and 9%. Organic sales are expected to grow 3% to 4%.

 

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Farm Rich launches three new snacks to retailers nationwide

BY Jason Owen

ST. SIMONS ISLAND, Ga. — Available now nationally at Walmart and other select grocery retailers, Farm Rich announced today three new snacks to the company’s portfolio.

Inspired by the St. Louis dish, Farm Rich’s four-cheese Toasted Ravioli are made with mozzarella, parmesan, asiago and romano cheeses and lightly breaded. After 12 minutes in the oven, the ravioli are served crispy and golden brown with a warm, cheesy center. This St. Louis specialty is a fun spin on traditional ravioli and can be served with such sauces as orange salsa verde, fiery feta and roasted red pepper or quick alfredo for an easy dinner, or as a unique appetizer for dipping. For more recipes, visit www.farmrich.com.

Crispy Dill Pickles, a version of fried pickles, is an appetizer popularized in the South. These round, crunchy kosher dill pickle slices are covered in a lightly seasoned breading. After nine minutes in a conventional oven, they are ready to be served alone or with a cool dip, such as ranch dressing.

Combining its cheese expertise with the passion of chili experts in Texas, Farm Rich created Chili Cheese Bites have smooth cheddar cheese and mild chili sauce in each bite. The annual Terlingua International Chili Cook Off in Terlingua, Texas, where the secret to winning formulas tends to be the layering of different flavors and chilies, inspired the chili sauce recipe.

In addition to these new products, Farm Rich’s new and improved Mozzarella Bites are returning to stores this month. Made with real mozzarella cheese and pizza dough, these popular, bite-sized snacks come out of the oven with a hot cheesy center for an easy-to-share treat.

"These products are a great addition to our popular snack lineup. Farm Rich is known for making outstanding cheese snack products, so the Toasted Ravioli and Chili Cheese Bites play off that heritage, while the Crispy Dill Pickles draw from our southern roots and add a new flavor," said Shannon Gilreath, senior marketing manager for Farm Rich. "Whether it’s enhancing pasta night with the family or serving up a fun new appetizer at your next gathering, there’s a lot you can do with all of our snacks and appetizers."

Priced around $5 to $5.50 a package, Toasted Ravioli, Crispy Dill Pickles and Chili Cheese Bites join Farm Rich’s portfolio of snacks.


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Bouche Baby introduces baby-to-toddler feeding system, baby bottle

BY Jason Owen

TORONTO — Bouche Baby Inc. announced today the commercial release of its new baby-to-toddler feeding system, which includes the Take ‘N Shake Feeding Bottle with Integrated Formula Compartment.

Preparing bottles of formula on the go can be a very messy undertaking, requiring the use of plastic bags and separate containers, Bouche Baby said. With the Take ‘N Shake Feeding Bottle, mixing formula is easier. Simply add pre-measured formula to the compartment, attach the sieve, add water into the bottle, seal, and go. When ready to feed the baby, simply unscrew, flip, shake, and serve. The specially designed sieve ensures no formula clumps. Visit the website to see the how-to video: bouchebaby.com/pages/how-to.

The doctor-approved, ultra-safe system is BPA-free, includes colic prevention nipples, and has passed international safety standards. The safe, convenient, multi-stage baby-to-toddler feeding system is also baby approved, the company stated. In independent focus groups, babies and toddlers selected this bottle over others due to its toy-like colors and design.

The system is designed to follow the baby through to the toddler years as it easily converts to a standard bottle when formula is no longer required. In addition, it can be used as a sippy cup, so the transition from baby to toddler is even more seamless because of the familiarity with the look and feel of the product. Tthe system can be used from birth up to 4 years.

The bottle are dishwasher and microwave safe. Additional formula compartments and standard baby feeding bottles (without formula compartments) are also available.

"Our Take ‘N Shake baby to toddler feeding system will change lives. This unique bottle is so expertly designed, it can be filled in advance and mixed at feeding time, and can also be used as both a conventional bottle and a sippy cup. It’s simple to use, the easiest to clean, and is very well received by babies and toddlers as it looks like a toy," said Bouche Baby president Donna Farber.


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