Latest news with #Quorn
Yahoo
3 days ago
- Business
- Yahoo
Monde Nissin's Quorn sales pressured but signs of improvement emerge
Quorn owner Monde Nissin has reported another decline in meat-free sales but EBITDA turned positive in the second quarter of 2025. It was also a more upbeat picture for Philippines-headquartered Monde Nissin in terms of net profit for the category as losses narrowed for the quarter and the first half of the year. While 'softness' in consumer demand continues to weigh on the listed company's meat-alternatives operating segment, Monde Nissin CEO Henry Soesanto was more sanguine on the outlook. And impairment charges that have plagued the business were absent for the category in the latest results. 'We are pleased to report continued improvement in our meat-alternative business during the second quarter. Our gross margin expanded over 200 basis points, and we achieved positive EBITDA for the quarter after funding A&P investment,' Soesanto explained in the statement yesterday (6 July). Sales of meat-free products in the quarter to 30 June dropped 2.1% to 3.29bn pesos ($57.5m) on a reported basis, a smaller decline than the 2.7% reported in the same period of last year. However, over the first half, a 3% sales decrease was more pronounced than the 0.6% in the opening six months of 2024. Into the third quarter, Monde Nissin, essentially the Quorn brand in terms of meat alternatives, is seeing signs of improvement. 'In July, we saw a modest year-over-year increase in meat-alternative sales, which was our first growth after several years of decline,' Soesanto said. 'While it is just one month, it is an encouraging sign given ongoing category headwinds. We remain focused on stabilising performance and adapting to evolving consumer preferences.' Meanwhile, gross profit for the segment climbed 6.4% to 828m pesos, building on the 3.9% increase reported in the second quarter of last year. Year to date, gross profit was up 8.5% at 1.6bn pesos following a 5.6% decline in the corresponding six months. The net-income loss after tax for meat-free products narrowed to 157m pesos in the second quarter from a 270m-peso loss. Losses also shrank to 215m pesos from 486m pesos over the first half of the year from the previous six months. Core EBITDA delivered a positive outcome - 24m pesos for the quarter compared to an 84m-peso loss a year earlier. Similarly, for the first six months of 2025, EBITDA was in the black at 165m pesos versus a 144m-peso loss. Monde Nissin said the improvement in the gross margin for meat alternatives to 25.1% was 'driven by transformation benefits, lower inventory, lower input costs, and targeted selling price increases, partially offset by the impact of lower production volumes'. Meat-free is a relatively small proportion of Monde Nissin's group sales and profits, which are dominated by the core Asia Pacific branded food and beverage business (APAC BFB), which features the likes of Lucky Me noodles, SkyFlakes crackers and Nissin cookies. Group sales across the two divisions rose 3.8% in the second quarter to 20.6bn pesos, of which APAC BFB delivered 17.2bn pesos, a 5% increase. First-half total sales amounted to 41.5bn pesos, up 3.3%. APAC BFB accounted for 34.9bn pesos, a 4.6% improvement. Monde Nissin's bottom-line performance for the group and the core business was less upbeat. Net profit after tax fell 18.7% in the quarter to 1.8bn pesos for the company overall, while it dropped 21.2% for the APAC BFB division to 2bn pesos. Declines were delivered of 7.3% and 11.5% for the two business units, respectively, for end first-half results of 4.7bn pesos and 4.9bn pesos. "Monde Nissin's Quorn sales pressured but signs of improvement emerge" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
BBC News
01-08-2025
- Entertainment
- BBC News
Volunteers to lay 'longest' pop-up miniature railway in Quorn
Railway enthusiasts are assembling enough miniature track to build what they say will be the longest pop-up railway ride in the UK in Portable Railway Club (PRC) plans to lay some 1,300ft (400m) of temporary line in a goods yard in Quorn, Leicestershire, run by the Great Central Railway (GCR).The line will then be opened up for visitors to ride on small trains that can carry up to 20 passengers at a time."It's going to be monstrous," said PRC chairman Daniel Mason. "It's also going to be complex. We'll have a lot of track and 10 sets of points."That means we can have passing points and shunting spaces. There will be so many features."It will be very realistic."Last year we came to Quorn and made the longest length of track anyone would have seen in years. We're going bigger and longer this year." Six miniature railway clubs, from across the country, will contribute track and trains for the event, called the Miniature Railway Spectacular, which will run on Saturday and Sunday.A 30-strong team of volunteers plans to lay the track out on of the miniature locomotives has been given a special livery to depict a 12A-type engine, which ran along the GCR line before they were taken out of service more than 100 years Mason added: "We're looking to make it a lot of fun for everyone as well as try to get young people interested in engineering, passing on skills."
Scottish Sun
09-06-2025
- Lifestyle
- Scottish Sun
Five savvy homemade Father's Day gifts for this Sunday
Plus stop pets overheating in the sunshine with Aldi's range of cooling pet toys SUN SAVERS Five savvy homemade Father's Day gifts for this Sunday Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) FATHER'S Day doesn't need to cost you a fortune to be meaningful. You can skip the overpriced socks and novelty mugs. Sign up for Scottish Sun newsletter Sign up 8 Five homemade meaningful ideas for Father's Day this Sunday Credit: Getty These heartfelt, homemade ideas will show Dad he's appreciated without blowing the budget this Sunday . . . SPOT ON: Create a Spotify playlist of your dad's favourite songs or tracks that remind you of him. You can add a custom photo design to the playlist to make it extra special. OWE THAT'S NICE: Skip generic gifts and design personalised 'IOU' vouchers for experiences he'll truly enjoy. Offer a DIY car wash, his favourite home-cooked meal, or a movie night of his choice to show him how much you care. BOXING CLEVER: Upcycle old items into meaningful gifts. Transform a worn-out toolbox into a stylish beer crate with £5 wood stain from Homebase, and throw in his favourite brews. Or, layer paprika, salt and herbs in a jam jar for a custom spice rub set. WRITE NOTES: Fill a jar with handwritten notes recalling your favourite moments with your dad. Decorate it with string or ribbon from your craft box and a photo tag for an extra sentimental touch. Home Bargains launches Father's Day gifts in store & there's a £5.99 present shoppers are already snapping up It will be something he can revisit whenever he needs a smile. FUTURE MEMORIES: Organise a simple but special family outing, like a Sunday walk or bike ride, followed by a picnic with homemade sandwiches and snacks. Quality time together is often the best gift and a chance to make memories. All prices on page correct at time of going to press. Deals and offers subject to availability. Deal of the day 8 Save £72 on the Nanobebe Ultimate Newborn 24-piece steriliser set Credit: Supplied NEW parents can grab a bargain with the Nanobebe Ultimate Newborn 24-piece steriliser set, previously £89.99, now £17.99, at Home Bargains. SAVE: £72 Cheap treat 8 Save £1 on a pack of Quorn cocktail sausages with a Tesco Clubcard Credit: Supplied SNACK on a pack of Quorn cocktail sausages. Usually £2 per pack, get them for £1 with a Tesco Clubcard. SAVE: £1 What's new? STOP pets overheating in the sunshine with Aldi's range of cooling pet toys, arriving in store this week with prices from £3.99. Top swap 8 The Dyson AM09 Hot + Cool fan heater is £290 from Argos Credit: Supplied 8 Or head to B&M for the Blaupunkt bladeless standing fan for just £39 Credit: Supplied COOL off with the Dyson AM09 Hot + Cool fan heater, £290, from Argos, or get to B&M for the Blaupunkt bladeless standing fan, for £39. SAVE: £251 Little helper MUCH hyped viral K-beauty brand Dr. Althea has landed at this week – and to celebrate there's 15 per cent off the range until Thursday. Shop & save 8 Save £40 on this sofa bed at The Range Credit: Supplied THIS sofa bed is stylish and handy for when friends stay over. It was £159.99, now it's £119.99 at The Range. SAVE: £40 Hot right now 8 PICK up half-price lingerie in the big Tu at Sainsbury's sale Credit: TU PICK up half-price lingerie in the big Tu at Sainsbury's sale, on now. PLAY NOW TO WIN £200 8 Join thousands of readers taking part in The Sun Raffle JOIN thousands of readers taking part in The Sun Raffle. Every month we're giving away £100 to 250 lucky readers - whether you're saving up or just in need of some extra cash, The Sun could have you covered. Every Sun Savers code entered equals one Raffle ticket. The more codes you enter, the more tickets you'll earn and the more chance you will have of winning!
North Wales Live
16-05-2025
- Entertainment
- North Wales Live
Fans take selfies with 'Tom Cruise' as he eats cocktail sausages in London park - only for it to be his movie stand-in
Stunned shoppers stopped for selfies when they spotted 'Tom Cruise' eating cocktail sausages in a London park ahead of tonight's Mission Impossible premiere - but it was his movie stand-in. Visitors to Victoria Embankment Gardens, Central London, couldn't resist snapping photos when they thought they'd spotted the Hollywood star yesterday morning [May 15]. The star was also 'seen' popping into a nearby Tesco on Strand Road to grab protein-packed Quorn Veggie Cocktail Sausages to power him through tonight's premiere of Mission: Impossible - The Final Reckoning. One onlooker was overheard saying: "I can't believe it, I'm such a big fan! I only popped out for some lunch and never expected to see Tom Cruise chilling in the park eating cocktail sausages!" The hunky star was actually Seán George, actor and Tom Cruise lookalike, who has worked with the heartthrob on three movies as a 'stand in'. Fans were quick to jump on social media, with one sharing a sneaky snap saying 'Ethan Hunt just casually chilling in the park %23missionimpossible'. However it's since been revealed that 'Tom' was actually part of a PR stunt from leading meat-free brand, Quorn, to celebrate the return of their Mission Snack Swap campaign. Quorn's 'Mission Snack Swap' is back on TV screens from 24 May, which sees a cheeky trio of puppets take on their own mission. Perry Pig, Clarence Cow and Chickson Chicken are on a 'mission' to sneakily swap out meat-based snacks for tasty, protein packed Quorn Cocktail Sausages and Quorn Picinic Eggs.
Wales Online
16-05-2025
- Entertainment
- Wales Online
Fans take selfies with 'Tom Cruise' as he eats cocktail sausages in London park - only for it to be his movie stand-in
Fans take selfies with 'Tom Cruise' as he eats cocktail sausages in London park - only for it to be his movie stand-in Visitors to Victoria Embankment Gardens, Central London, couldn't resist snapping photos when they thought they'd spotted the Hollywood star yesterday morning Seán George, actor and Tom Cruise lookalike, who has worked with the heartthrob on three movies as a 'stand in' with Daniel Swords (Image: Kennedy News/Exposure ) Stunned shoppers stopped for selfies when they spotted 'Tom Cruise' eating cocktail sausages in a London park ahead of tonight's Mission Impossible premiere - but it was his movie stand-in. Visitors to Victoria Embankment Gardens, Central London, couldn't resist snapping photos when they thought they'd spotted the Hollywood star yesterday morning [May 15]. The star was also 'seen' popping into a nearby Tesco on Strand Road to grab protein-packed Quorn Veggie Cocktail Sausages to power him through tonight's premiere of Mission: Impossible - The Final Reckoning. Article continues below One onlooker was overheard saying: "I can't believe it, I'm such a big fan! I only popped out for some lunch and never expected to see Tom Cruise chilling in the park eating cocktail sausages!" The hunky star was actually Seán George, actor and Tom Cruise lookalike, who has worked with the heartthrob on three movies as a 'stand in'. Fans were quick to jump on social media, with one sharing a sneaky snap saying 'Ethan Hunt just casually chilling in the park %23missionimpossible'. However it's since been revealed that 'Tom' was actually part of a PR stunt from leading meat-free brand, Quorn, to celebrate the return of their Mission Snack Swap campaign. Quorn's 'Mission Snack Swap' is back on TV screens from 24 May, which sees a cheeky trio of puppets take on their own mission. Perry Pig, Clarence Cow and Chickson Chicken are on a 'mission' to sneakily swap out meat-based snacks for tasty, protein packed Quorn Cocktail Sausages and Quorn Picinic Eggs.
