ADM Reports Quarterly Results and Plant-Protein Trends
By WholeFoods Magazine
February 7, 2020
Chicago, IL—ADM’s Board of Directors announced their fourth quarter earnings in a press release. Highlights: Net earnings of $504 million, EPS of $0.90—up from $0.55 in 2018—and higher year-over-year results for Ag Services & Oilseeds and Nutrition segments.
ADM’s Board of Directors declared a cash dividend of $0.36 per share on the company’s common stock, marking the 353rd consecutive quarterly payment.
“Our team delivered a solid fourth quarter, consistent with our expectations three months ago,” said Chairman and CEO of ADM Juan Luciano in the release. “At the end of 2019, we can look back on a full year in which the team did a great job managing through some difficult external conditions while continuing to deliver innovative solutions for our customers.
“Looking ahead, we’re excited about the opportunities we see in 2020 and beyond,” continued Luciano. “Our industry-leading array of products and solutions from nature is helping us give our customers an edge in meeting global demand in fast-growing consumer trend areas — from alternative proteins, to foods and beverages that enhance health, to unique products for pets.”
Plant-based proteins dominated the food landscape in 2019, according to a second press release. Furthermore, a study done by ADM revealed that 44% of U.S. consumers now identify as flexitarian.
ADM released a list of seven plant-based protein trends to watch out for in 2020:
Protein is not enough. According to ADM, consumers will be looking for more than just protein in plant-based products; consumers want additional health features, like added fiber, antioxidants, probiotics and vitamins.
Tasty nutrition. Although nutrition is what draws consumers to plant-based protein products, if the product lacks delicious taste and texture, consumers won’t incorporate it into their routine, says ADM.
Meat matters. The key to success with plant-based protein is that its flavor profile and texture mimics meat, hence why plant-based burgers are the craze, according to ADM.
Clean ingredients …
Don’t forget dairy …
Private Brands …
Comfort Food …