What stood out in Glanbia’s financials last week was the decline in profits in its sports nutrition division – once the jewel in the crown.
The big challenge for Glanbia boss Siobhán Talbot will be to revive this ailing business. But how can this be done?
Glanbia needs a new poster boy. Someone to build its Optimum Nutrition brand around and revive sales of its range of whey powders and protein bars. And The Dealer thinks he knows just who might fit the bill – US golfer Bryson DeChambeau.
It’s an out-there idea, but DeChambeau used his time away from the golf course during the lockdown months to bulk up his muscle and add more power to his golf game.
The golf star added over 9kg (1.5 stone) in muscle weight during lockdown, which he attributed to a lot of hard work in the gym and a bumper diet of 3,500 calories per day, including six protein shakes.
The obvious move for Glanbia would be to sign DeChambeau up.
When he consumes this much protein, he could probably boost their sales by double-digits on his own.
Who says there’s no money in beef processing?
Irish beef factories have long argued there’s no money in processing. Yet, thumbing through the accounts of Brazilian beef giant JBS, it’s hard to see how that position can be believed.
Financial results announced this week by JBS show its beef division in the US made bumper profits during the height of the COVID-19 lockdown in April, May and June.
JBS’s accounts show its US beef division made profits of more than €950m for the three months on the back of bumper profit margins of 21%.
That’s the kind of profit margin you’d expect selling infant formula into China, never mind selling cuts of steak and ground mince in the ultra-competitive US market. And they say there’s no money in beef.
Cheaper northern milk in Aldi
Browsing in Aldi at the weekend, I couldn’t believe my eyes when I saw milk from Northern Ireland advertised at a lower price than milk sourced in the Republic.
I understand that Aldi sources about 20% of its milk outside the Republic, but, I’ve never seen it selling and promoting it at a lower price than milk from the Republic.
Aldi is gambling that the shopper doesn’t care where the milk is from. To counter this, I hear the National Dairy Council has just got results from new research of over 1,300 shoppers, suggesting 72% of them actually do care about where the milk comes from.
It will be interesting to watch where this Aldi gamble goes. Anything that reduces the price of milk below an already low level is not what farmers want.
ALDI are promoting Northern Irish milk at a lower price than milk sourced in the Republic
Foyle Foods wants a farm manager
I see the Foyle Food Group is on the hunt for a new farm manager to run its beef finishing operation outside Cookstown, Co Tyrone.
The farm, located outside the village of Sandholes, consists of 200ac of grazing, 200ac of silage ground and a sizeable acreage of hill ground.
The Dealer couldn’t resist the opportunity to visit a couple of years ago at a farm walk that showcased an extremely impressive grazing setup, with 100 paddocks grazing 600 store bullocks.
The successful applicant will have a full workload, overseeing the 1,200 beef cattle finished on farm each year along with a suckler herd of 100 cows.
It’s the season for holidays and there’s nothing the Dealer loves more than having the Dublin cousins down to the country for their annual run through the fields, visit to the bog to lift turf and experience country life in all its glory.
I did chuckle when I informed my city visitors that I was heading over to the Mule sale in Ballinrobe Mart this weekend. I told them: “2,800 of them sold through the ring, it’s a great spectacle.” Everybody put their hands up to go, with one of the teenage cousins in a thick Dublin 4 accent replying: “I’m up for that. Imagine 2,800 donkeys all in the one place to be sold, that’s mad that is!”
The future is safe folks, the future is safe…
Farmers can be guilty of having more knowledge of their farm than family life at times, but The Dealer recently stumbled across a case where a man could recognise every sheep in his flock, but struggled to recognise his wife and children.
The English farmer had suffered three strokes and had been left with severe prosopagnosia, or face blindness.
The Dealer has been trying to argue that selective deafness is also a real condition, but Mrs Dealer isn’t having any of it.
What stood out in Glanbia’s financials last week was the decline in profits in its sports nutrition division – once the jewel in the crown.
The big challenge for Glanbia boss Siobhán Talbot will be to revive this ailing business. But how can this be done?
Glanbia needs a new poster boy. Someone to build its Optimum Nutrition brand around and revive sales of its range of whey powders and protein bars. And The Dealer thinks he knows just who might fit the bill – US golfer Bryson DeChambeau.
It’s an out-there idea, but DeChambeau used his time away from the golf course during the lockdown months to bulk up his muscle and add more power to his golf game.
The golf star added over 9kg (1.5 stone) in muscle weight during lockdown, which he attributed to a lot of hard work in the gym and a bumper diet of 3,500 calories per day, including six protein shakes.
The obvious move for Glanbia would be to sign DeChambeau up.
When he consumes this much protein, he could probably boost their sales by double-digits on his own.
Who says there’s no money in beef processing?
Irish beef factories have long argued there’s no money in processing. Yet, thumbing through the accounts of Brazilian beef giant JBS, it’s hard to see how that position can be believed.
Financial results announced this week by JBS show its beef division in the US made bumper profits during the height of the COVID-19 lockdown in April, May and June.
JBS’s accounts show its US beef division made profits of more than €950m for the three months on the back of bumper profit margins of 21%.
That’s the kind of profit margin you’d expect selling infant formula into China, never mind selling cuts of steak and ground mince in the ultra-competitive US market. And they say there’s no money in beef.
Cheaper northern milk in Aldi
Browsing in Aldi at the weekend, I couldn’t believe my eyes when I saw milk from Northern Ireland advertised at a lower price than milk sourced in the Republic.
I understand that Aldi sources about 20% of its milk outside the Republic, but, I’ve never seen it selling and promoting it at a lower price than milk from the Republic.
Aldi is gambling that the shopper doesn’t care where the milk is from. To counter this, I hear the National Dairy Council has just got results from new research of over 1,300 shoppers, suggesting 72% of them actually do care about where the milk comes from.
It will be interesting to watch where this Aldi gamble goes. Anything that reduces the price of milk below an already low level is not what farmers want.
ALDI are promoting Northern Irish milk at a lower price than milk sourced in the Republic
Foyle Foods wants a farm manager
I see the Foyle Food Group is on the hunt for a new farm manager to run its beef finishing operation outside Cookstown, Co Tyrone.
The farm, located outside the village of Sandholes, consists of 200ac of grazing, 200ac of silage ground and a sizeable acreage of hill ground.
The Dealer couldn’t resist the opportunity to visit a couple of years ago at a farm walk that showcased an extremely impressive grazing setup, with 100 paddocks grazing 600 store bullocks.
The successful applicant will have a full workload, overseeing the 1,200 beef cattle finished on farm each year along with a suckler herd of 100 cows.
It’s the season for holidays and there’s nothing the Dealer loves more than having the Dublin cousins down to the country for their annual run through the fields, visit to the bog to lift turf and experience country life in all its glory.
I did chuckle when I informed my city visitors that I was heading over to the Mule sale in Ballinrobe Mart this weekend. I told them: “2,800 of them sold through the ring, it’s a great spectacle.” Everybody put their hands up to go, with one of the teenage cousins in a thick Dublin 4 accent replying: “I’m up for that. Imagine 2,800 donkeys all in the one place to be sold, that’s mad that is!”
The future is safe folks, the future is safe…
Farmers can be guilty of having more knowledge of their farm than family life at times, but The Dealer recently stumbled across a case where a man could recognise every sheep in his flock, but struggled to recognise his wife and children.
The English farmer had suffered three strokes and had been left with severe prosopagnosia, or face blindness.
The Dealer has been trying to argue that selective deafness is also a real condition, but Mrs Dealer isn’t having any of it.
SHARING OPTIONS