B. Analysis of the Industry and Market Since Greencore Group plc operates in the convenience foods industry in both the US and the UK, therefore, this part of the report will analyse and discuss both the markets. We already know that Greencore Group plc is one of the top companies in the convenience foods industry. According to Businesswire (2016), people in both the US and the UK (especially the people who live in cities and towns) rely heavily on such foods because they are very easy to consume, and have a prolonged shelf life. In addition to that, convenience foods are very suitable for the busy lifestyle of town and city dwellers, and the elderly population of both regions. As a result, the market for convenience foods look very promising …show more content…
Financial Statements and Notes on Financial Statements: This is the most important section for any user of the annual report. Greencore started this section with the company’s 2014 and 2015 Income Statements. These statements give us information regarding Greencore’s sales revenues, its cost of sales, operating costs, income before tax, data about the company’s taxation, its net profit for 2 years, and Earnings Per Share. The readers can get an idea about the company’s profitability for the last 2 years from these statements. Next we have the ‘Group Statement of Recognised Income and Expense.’ Then there are the 2014 and 2015 Balance Sheets of the company. The balance sheet works as the mirror of the company. It portrays the exact financial condition of the company at the end of the year. The side-by-side presentation of 2 years’ balance sheets gives the users an idea about where the company is improving and it is lagging behind. Greencore’s balance sheet gives us an idea about the company’s liquidity, its capital structure, and its financial strengths and weaknesses. After that, we have the Cash Flow Statement, which illustrates the company’s cash inflows and outflows through its operating, investing, and financing activities. This statement reveals how liquid the company is, and how capable it is to meet its short-term obligations. There are some other financial statements like the ‘Statement of Changes in Equity’ presented in this section that provides the users with additional information . Finally, we have the notes on financial statements part that shows us what kind of accounting practices (accrual or cash basis) the company has been following, what accounting and financial reporting policies and standards it has been following and implementing, and how the company is adhering to the recognised accounting and financial reporting
RNRA Team, “Supermarkets, Fresh Produce and New Commodity Chains: What Future for the Small Producer?” Hot Topics: February, 2004.
Founded in 1986, Pret A Manger is a fast food chain, which produces freshly prepared, natural food with over 250 stores throughout the United Kingdom, France, Hong-Kong and the United States. Unlike most fast-food chains, Pret is a private company; they do not face the same pressure to grow as a public company does. However there are many factors that affect Pret A Manger’s marketplace such as economy, competition, technology, political environment, and the standard of living. This report evaluates major internal and external factors affecting Pret A Manger using various analytical techniques.
In today’s world even with the economy suffering and individual income declining, the food industry is still up and running. Chain restaurants, mom and pop establishments, and fast food restaurants that are learning to market their products cheaper and more reasonable to the consumer are still going strong in the United States. They are offering healthier meals due to the consumer wanting to become healthier. They have their ups and downs like any business but are learning to give the consumer what they need and desire. That is the way restaurants keep their customer happy, by buying products from company like Sysco, Gordon’s Food Service, (GFS), and other restaurant suppliers. However; Sysco is the number one supplier to restaurants and hospitals, making them the most profitable company in the world (Sysco.com, 2011).
In today’s society Americans want everything quick and cheap, so the question stands what is a quick lunch and what is available for an economical price? Americans live in a world that surrounds us with fast food restaurants. Two of the most well known restaurants for fast food restaurants is McDonald 's and Checkers. Far from what we imagined, McDonald 's and Checkers have huge differences. Most people perceive them just as the same fast food restaurant with different names. For this reason, they create debates on which one of them is the superior restaurant and which one is the more economical price. Though neither of these companies provides the healthiest foods for Americans the question stands, which one is for lunch today? Even though,
Social attitudes of today’s society have changed the way people live, people now are working longer hours to sustain the financial demand that is needed in-order to keep up a higher standard of living, “One quarter of working men and 11% of working women in the UK now work more than 50 hours per week” . This is a social problem because it encourages people to eat ‘fast food’ type products such as pasties, sausage rolls, pre-packaged sandwiches and microwavable take-away items such as burgers & hot dogs etc, which all have high percentages of saturated fats, sugars and salts. These ‘fast foods’ are eaten because of their convenience and due to time shortages from working longer hours these food are the easy option. This implicates less healthy diets and obesity in the UK population. Tesco’s have and still currently sell these items but to combat this problem in 2000 Tesco launched their ‘Healthy Living’ brand of foods which are lower in fat, no added sugar and low in sodium, and in 2004 launched their ‘Healthy Living Club’, which has over 350, 000 members and offer over 500 ‘Healthy Living’ Products. The club offers customers information on diets, weight loss and other health issues.
“Food buyers in the U.S. spend some $64 billion a year on snacking alone, according to economic research from the U.S. Department of Agriculture.” (NatureBox Raises $30 Million to Sell Snack Subscriptions Internationally, Lora Kolodny, 2015) Healthy snacks are becoming more awareness in many families. There are increasing market ( competition) in food market and healthy snack because today people are more conscious of what they eat. American consumers today are snacking more frequently than pass years. It is a great opportunity for Naturebox to grow in this market. However, today not many people use to shop food online, so it is a challenge for Naturebox to develop brand recognition. As well as it is difficult for Naturebox to compete with those well-known firms/ previous existed companies. Naturebox’s biggest competitors are those firm who also provide healthy snacks. Many customers can easy recognize and aware new brand on the shelves and compare their prices instead of shopping online. Such as local market WholeFood. WholeFood also sells healthy food which compete with Naturebox. Amazon is Naturebox’ biggest threat for online market and as well as many other firms and companies’ concern. Even the vending machine is a big threat for the Naturebox. Naturebox has put a lot efforts on building its reputation, brand awareness, and build strong relationship with its customers and try different way to approach its customers by
Often people do not have enough money or time in their hands, so they look for other alternatives that can solve that issue. Due to the nation’s recession, fast food companies are lowering the food’s prices and marketing more food for less money. It has gotten to the point in which people can not afford to buy healthy groceries; therefore, they end up buying what seems reasonable. Reasonably it is just a shortcut through the drive-thru of a fast food restaurant. In addition, the rising prices in food products are one of the many accountable effects that make purchasing groceries difficult. For instance, a...
In reviewing the company’s balance sheet, the current assets and liabilities were reviewed and liquidity ratios were calculated. The capital structure and the fixed and intangible asset accounting of the company were also reviewed. Off-balance sheet items such as leases and contingent liabilities were reported and noted. All of these aspects of the balance sheet were reviewed in order to do a proper analysis of the company’s balance sheet.
Challenges in Today's U.S. Supermarket Industry. 2014. Challenges in Today's U.S. Supermarket Industry. [ONLINE] Available at:http://msdn.microsoft.com/en-us/library/aa479076.aspx. [Accessed 31 March 2014].
Many customers will buy more package food in the future as it is cheaper and more convenience because customers can buy it in high volume and keep it for the long time.
The purpose of this paper is to introduce you to the fast food industry, how it is everywhere in the United States and increasingly spreading globally. The majority of the fast food restaurants in the United States are dominated by hamburger fast food restaurants. Amongst the burger segment, McDonald’s is the number one leader in the burger industry, followed by Burger King, and Wendy’s respectively (Oches, 2011).
However a continuous rise in globalisation could be presented as a challenge for Sainsbury’s. One of the biggest economic factors is the rising costs of fuel which will impact right through the supply chain of Sainsbury’s leading to increase of its products. Social factors to consider due to increase in trend in healthy foods, so for Sainsbury’s to keep up with trends, it would be something to consider. The use of technology for great retailers such as Sainsbury’s is an important factor, persistent upgrading of technologies such as self-checkouts, computerised stock control etc., means less room for human errors. Concerning environmental, reducing carbon footprint is emphasised to big companies. “Companies like Sainsbury’s can contribute a lot of impact on the environment. To do this Sainsbury’s would have to put in more towards the green issue” (UK Essay 2014) Legally, Sainsbury’s would have to make sure to follow policies concerning label and packaging which could be an added financial load to Sainsbury’s. Sainsbury’s should act on its threats, to achieve its goals and
The Purpose of Financial Statements The financial statements of a business are used to provide information about the status of the business, set performance targets and impose restrictions on the managers of the firm as well as provide an easier method for financial planning. The financial statements consist of the Profit and Loss Account, Balance Sheet and the Cash Flow Statement. There are four areas of information, which we can collect from a company's financial statements. They are: Ÿ Profitability - This information comes from the Profit and Loss account. Were we can compare this year's profit with the previous years.
UK’s exit from the European Union following the Referendum on 23rd June 2016 has exerted tremendous and profound impact on UK grocery industry. Many experts warn that devalued sterling will force the prices to go up and bring a tough time for the industry. However, Lidl, a German no-frills supermarket, has emerged to be the fastest growing supermarket with a 12.2 percent increase on sales from June to August (Denton, 2016). In the early 90’s, Lidl opened its first UK store. Insisting on providing qualified products with low prices, it has expanded rapidly in UK and owns more than 640 stores now. It also won the 2016 Good Housekeeping Awards as the Best Supermarket (Lidl, 2016). With no doubt, Brexit greatly changes the business
To entice new investors, most companies assemble their financial statements on fine paper with pleasing graphics and photos in an annual report to shareholders, attempting to capture the excitement and culture of the organization in a "marketing brochure" of sorts.