{"id":7639,"date":"2020-08-06T06:02:29","date_gmt":"2020-08-06T06:02:29","guid":{"rendered":"https:\/\/bartalks.net\/?p=7639"},"modified":"2021-08-19T16:56:42","modified_gmt":"2021-08-19T16:56:42","slug":"jde-peets-in-home-sales-lead-to-significant-growth","status":"publish","type":"post","link":"https:\/\/bartalks.net\/jde-peets-in-home-sales-lead-to-significant-growth\/","title":{"rendered":"JDE PEET’S IN-HOME SALES LEAD TO SIGNIFICANT GROWTH"},"content":{"rendered":"\n

In the first half of 2020, JDE Peet\u2019s<\/a> reported adjusted earnings before interest and tax (EBIT) of \u20ac642 million (about \u00a3579 million).<\/p>\n\n\n\n

It marks an organic increase of 10.5% year-on-year, driven by a double-digit rise in all three of its in-home consumer packaged goods segments and Peet\u2019s.<\/p>\n\n\n\n

Considering the effects of foreign exchange and scope changes, adjusted Earnings Before Interest and Tax (EBIT) increased by 9.1%.<\/p>\n\n\n\n

JDE Peet\u2019s delivered strong performance in the first half of 2020, demonstrating the resilience of our business and brands despite the unprecedented economic and social disruption of COVID-19.<\/p>Casey Keller, JDE Peet\u2019s CEO<\/cite><\/blockquote>\n\n\n\n

The production of its in-home brands mostly offset the impact COVID-19 had on its away-from-home businesses, which represents about 25% of total sales, with total sales only decreasing by 1.1% on an organic basis.<\/p>\n\n\n\n

The underlying profit, excluding non-recurring items, increased by 12% to \u20ac393 million (about \u00a3354million), due to a higher operating profit, was partly counteracted by higher tax charges.<\/p>\n\n\n\n

The free cash flow of \u20ac402 million (\u00a3362 million) incorporated costs related to its initial public offering on the Amsterdam Stock Exchange and higher levels of inventory required to maintain supply continuity during the COVID-19 pandemic.<\/p>\n\n\n\n

Despite an organic sales drop of 29.5%, JDE Peet\u2019s is positive about the future of its Out-of-Home segment.<\/p>\n\n\n\n

Across the business, April and May were most seriously impacted by the lockdown restrictions. However, when restrictions were gradually lifted across markets in June, it saw acceptable recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the first half of 2020, JDE Peet\u2019s reported adjusted earnings before interest and tax.<\/p>\n","protected":false},"author":7,"featured_media":7640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[3],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts\/7639"}],"collection":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/comments?post=7639"}],"version-history":[{"count":0,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts\/7639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/media\/7640"}],"wp:attachment":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/media?parent=7639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/categories?post=7639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/tags?post=7639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}