Fonterra wasn’t expecting ‘strong’ consumer margins to hold up

Fonterra wasn’t expecting ‘strong’ consumer margins to hold up
Fonterra is looking at options for its consumer business. (Image: Getty)
Riley Kennedy
Fonterra was expecting to see "a little bit more" margin tightening in the consumer business it’s now looking at selling.Compared to the second quarter of the financial year, the channel’s earnings before interest and tax (Ebit) increased $11 million to $72m, with its gross margins increasing to 26.5%, up from 25.2% in the three months prior.While that slipped from 28.8% in the first quarter, it’s up from 25.8% compared to the same period last year.On Wednesday, the dairy giant reported a profit after tax from contin...

More Primary Sector

Campbell Parker: The former banker turned DairyNZ CEO
Primary Sector

Campbell Parker: The former banker turned DairyNZ CEO

The industry organisation has 'sharpened' its strategy to three priorities.

Riley Kennedy 24 Jun 2024
High risk of bird flu says biosecurity minister
Primary Sector

High risk of bird flu says biosecurity minister

Hoggard is less concerned about the risk to dairy cattle. 

Rebecca Howard 21 Jun 2024
Inventory glut hitting NZ Merino’s bottom line
Primary Sector

Inventory glut hitting NZ Merino’s bottom line

But it is confident in the next financial year.

Riley Kennedy 21 Jun 2024
Leadership changes on Fonterra's management team
Primary Sector

Leadership changes on Fonterra's management team

CEO Miles Hurrell says its to help lead co-op potential consumer divestment.

Riley Kennedy 20 Jun 2024