DOCSLIB.ORG

View Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
View Annual Report THE TIGER INSIDE KELLOGG COMPANY ANNUAL REPORT 2005 86589 Cover_epiN2.indd 3 2/17/06 10:24:20 AM Net Sales (millions $) Operating Profit (millions $) Cash Flow (a) (millions $) Net Earnings Per Share (diluted) Total Share Owner Return 924 950 $2.36 1,750 10,177 1,681 856 $2.14 20% 9,614 19% 1,544 769 $1.92 17% 8,812 1,508 746 15% 8,304 $1.75 7,548 1,168 18% Kellogg $1.16 & 2% 5% S P Packaged 3% -1% Foods Index -8% 01 02 03 04 05 01 02 03 04 05 01 02 03 04 05 01 02 03 04 05 01 02 03 04 05 Net sales increased again in Operating profi t increased Cash fl ow was $769 million Earnings per share of $2.36 For the fi fth consecutive year, 2005, the fi fth consecutive despite signifi cant investment including $400 million in were 10% higher than in Kellogg Company’s total return to year of growth. in future growth. contributions to benefi t plans. 2004. share owners has exceeded that of the S&P Packaged Foods Index. Financial Highlights (dollars in millions, except per share data) 2005 Change 2004 Change 2003 Change Net sales $10,177.2 6% $9,613.9 9% $8,811.5 6% Gross profi t as a % of net sales 44.9% — 44.9% .5 pts 44.4% -.6 pts Operating profi t 1750.3 4% 1,681.1 9% 1,544.1 2% Net earnings 980.4 10% 890.6 13% 787.1 9% Net earnings per share Basic 2.38 10% 2.16 12% 1.93 9% Diluted 2.36 10% 2.14 11% 1.92 10% Cash fl ow (a) 769.1 -19% 950.4 3% 923.8 24% Dividends per share $1.06 5% $1.01 — $1.01 — (a) Cash fl ow is defi ned as net cash provided by operating activities, reduced by capital expenditure. The Company uses this non-GAAP fi nancial measure to focus management and investors on the amount of cash available for debt repayment, dividend distributions, acquisition opportunities, and share repurchase. Refer to Management’s Discussion and Analysis within Form 10-K for reconciliation to the comparable GAAP measure. 86589 Cover_epiN2.indd 4 2/23/06 9:43:29 AM In 2005, Kellogg Company delivered another year of strong performance. We met or exceeded our goals while investing in our brands, our people, and our future. We have a proven, focused strategy and pragmatic operating principles in Volume to Value and Manage for Cash that keep us focused on the right metrics. All of this, in combination with our realistic growth targets, drives sustainable and dependable performance. We really do have The Tiger Inside. 2005 Annual Report Table of Contents With 2005 sales in excess of $10 billion, Kellogg Company is 2 Letter to Share Owners 22 Operating Principles the world’s leading producer of cereal and a leading producer of 8 Global Infrastructure 24 Sustainable Performance convenience foods, including cookies, crackers, toaster pastries, 10 North American 26 Social Responsibility and K Values cereal bars, frozen waffl es, meat alternatives, pie crusts, and ice Retail Cereal 28 Board of Directors and Offi cers cream cones. The Company’s brands include Kellogg’s®, Keebler®, 12 North American 30 Manufacturing Locations and Brands Pop-Tarts®, Eggo®, Cheez-It®, Nutri-Grain®, Rice Krispies®, Murray®, Retail Snacks Austin®, Morningstar Farms®, Famous Amos®, and KashiTM. 14 North American Frozen & Form 10-K Kellogg products are manufactured in 17 countries and Specialty Channels Corporate & Share Owner Information marketed in more than 180 countries around the world. 16 Europe 18 Latin America 20 Asia Pacifi c 86589_epi.indd 5 2/20/06 10:12:57 AM To Our Share Owners As we enter our 100th year, I believe and earnings per share growth for the Revenue Growth. In 2005, we the foundation of Kellogg Company fourth consecutive year; we gained posted reported revenue growth of is strong. Our heritage, and focus share in the U.S. ready-to-eat cereal six percent. Our long-term internal on health and wellness, are highly category for the sixth consecutive revenue growth target is for low relevant to consumers today. There year; and we held or gained category single-digit growth. Internal revenue is no doubt in my mind that Mr. share in nine of our ten focus busi- growth, which excludes the effect of Kellogg would be very proud of this nesses outside the U.S. This broad- foreign currency translation, acquisi- wonderful, thriving company and the based growth gives us confi dence for tions, divestitures, and differences thousands of dedicated Kellogg the future and proves the viability in the number of shipping days, was employees who, over the years, of our strategy, operating principles, also six percent. Both of these results believed in and nurtured his vision and business model. In 2005, we were signifi cantly greater than our and were guided and inspired by his made signifi cant investment in brand targets and are testament to the values. It is a deep privilege for me building, innovation, and cost-saving strength of our brand-building cam- to work for Kellogg Company. With initiatives, which provide us ongoing paigns, the excellent new products “Our strategy is aimed The Tiger Inside and driving us, I have visibility. introduced during the year, and fl aw- every confi dence that our 26,000 less execution by our employees. at providing sustainable employees and our board of directors RELIABLE GROWTH rates of performance for will continue our success and will de- We manage our Company for the the foreseeable future.” liver sustainable, dependable growth. long-term and having realistic perfor- mance targets is a core component Our performance in 2005 was the of our business model. In fact, these strongest since we implemented our targets provide us the fl exibility neces- focused strategy. In fact, we met or sary to make signifi cant investments exceeded all of our long-term targets: in the business and are crucial we exceeded our targets for revenue to our continued success. 2 86589_epi.indd Sec1:2 2/17/06 1:57:11 PM Operating Profi t Growth. We con- and only through continuous cash we repurchased $664 million of our tinuously focus on profi table revenue fl ow growth can a company generate shares in 2005 and we have a $650 growth; our long-term target is for mid increasing value. That is why one of million repurchase authorization single-digit internal operating profi t our core operating principles, Manage for 2006. growth. We achieved this goal and for Cash, focuses the entire organiza- posted fi ve percent growth in 2005 tion on maximizing cash fl ow. In Share Owner Return. We have had despite increased investment in future 2005, we generated $769 million of excellent success over the last fi ve growth and signifi cantly higher input cash fl ow including contributions to years and this has been refl ected in costs which affected the entire industry. benefi t plans of approximately $400 our share price. The total return to Earnings Growth. Our long-term million, which was approximately investors since the end of 2000 has target is for earnings per share to $200 million more than in 2004. been approximately 90%, or a 14% increase at a high single-digit rate. This amount of cash fl ow provides compound annual growth rate, signifi - We exceeded this goal again in 2005 us with signifi cant fi nancial fl exibil- cantly greater than the industry’s four and posted ten percent growth; this ity. Since 2001, we have paid down percent compound annual growth was the fourth consecutive year approximately $2 billion of the debt rate. The Company’s total return in of double-digit earnings per share taken on to fund the Keebler 2005 of negative one percent was growth. This performance primarily acquisition. In recent years we have dramatically greater than the aver- resulted from strong revenue growth, shifted our focus from debt repay- age return of the entire industry, a focus on cost-containment, lower ment alone, to a balance between measured by the S&P Packaged Food interest expense, a lower tax rate, and debt reduction and other uses of cash index, which declined by eight per- fewer shares outstanding. fl ow. As a result, in 2005, we also cent. So, our total return, again, far increased the dividend for the fi rst exceeded the industry average. Cash Flow. Cash fl ow is the ulti- time in four years and increased the mate measure of a company’s success share repurchase program. In fact, 3 86589_epi.indd Sec1:3 2/14/06 6:53:59 PM THE TIGER INSIDE globally and responds well to news innovation. For example, our Kashi Organizational focus is one of in the form of either innovation or brand posted strong double-digit Kellogg Company’s competitive brand building. We defi ne brand growth in revenues in 2005. We also advantages. We operate in only a building as advertising and consumer introduced new products such as few categories and we know them promotion, or any activity that adds Cran-Vanilla Crunch and Toasted well. We recognize that share owners to the desirability of the brand. It Honey Crunch, which joined the suc- do not need or want us to diversify does not include price-related pro- cessful Raisin Bran Crunch brand in for them; they want us to maximize motions, discounts, or coupons, as the U.S. and All-Bran became our fast- the value of our Company through these activities, while they may drive est growing global brand as a result superior execution and the genera- volume gains in the short-term, do of strong innovation including tion of consistent, dependable rates not add to the value of the brand or All-Bran Flakes with Yoghurt in the of growth.
Load more

Recommended publications
  • Kellogg Company 2012 Annual Report
    ® Kellogg Company 2012 Annual Report ™ Pringles Rice Krispies Kashi Cheez-It Club Frosted Mini Wheats Mother’s Krave Keebler Corn Pops Pop Tarts Special K Town House Eggo Carr’s Frosted Flakes All-Bran Fudge Stripes Crunchy Nut Chips Deluxe Fiber Plus Be Natural Mini Max Zucaritas Froot Loops Tresor MorningStar Farms Sultana Bran Pop Tarts Corn Flakes Raisin Bran Apple Jacks Gardenburger Famous Amos Pringles Rice Krispies Kashi Cheez-It Club Frosted Mini Wheats Mother’s Krave Keebler Corn Pops Pop Tarts Special K Town House Eggo Carr’s Frosted Flakes All-Bran Fudge Stripes Crunchy Nut Chips Deluxe Fiber Plus Be Natural Mini Max Zucaritas Froot Loops Tresor MorningStar Farms Sultana Bran Pop Tarts Corn Flakes Raisin Bran Apple JacksCONTENTS Gardenburger Famous Amos Pringles Rice Letter to Shareowners 01 KrispiesOur Strategy Kashi Cheez-It03 Club Frosted Mini Wheats Pringles 04 Our People 06 Mother’sOur Innovations Krave Keebler11 Corn Pops Pop Tarts Financial Highlights 12 Our Brands 14 SpecialLeadership K Town House15 Eggo Carr’s Frosted Flakes Financials/Form 10-K All-BranBrands and Trademarks Fudge Stripes01 Crunchy Nut Chips Deluxe Selected Financial Data 14 FiberManagement’s Plus Discussion Be & Analysis Natural 15 Mini Max Zucaritas Froot Financial Statements 30 Notes to Financial Statements 35 LoopsShareowner Tresor Information MorningStar Farms Sultana Bran Pop Tarts Corn Flakes Raisin Bran Apple Jacks Gardenburger Famous Amos Pringles Rice Krispies Kashi Cheez-It Club Frosted Mini Wheats Mother’s Krave Keebler Corn Pops Pop Tarts Special K Town House Eggo Carr’s Frosted Flakes All-Bran Fudge Stripes Crunchy Nut Chips Deluxe Fiber Plus2 Be NaturalKellogg Company 2012 Annual Mini Report MaxMOVING FORWARD.
    [Show full text]
  • Kellogg Company 2017 Annual Report
    Kellogg Company 2017 Annual Report SEC Form 10-K and Supplemental Information Fiscal Year End: December 30, 2017 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 30, 2017 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period From To Commission file number 1-4171 Kellogg Company (Exact name of registrant as specified in its charter) Delaware 38-0710690 (State or other jurisdiction of Incorporation (I.R.S. Employer Identification No.) or organization) One Kellogg Square Battle Creek, Michigan 49016-3599 (Address of Principal Executive Offices) Registrant’s telephone number: (269) 961-2000 Securities registered pursuant to Section 12(b) of the Securities Act: Title of each class: Name of each exchange on which registered: Common Stock, $.25 par value per share New York Stock Exchange 1.750% Senior Notes due 2021 New York Stock Exchange 0.800% Senior Notes due 2022 New York Stock Exchange 1.000% Senior Notes due 2024 New York Stock Exchange 1.250% Senior Notes due 2025 New York Stock Exchange Securities registered pursuant to Section 12(g) of the Securities Act: None Indicate by a check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 (d) of the Act.
    [Show full text]
  • Kellogg Company 2019 Annual Report
    Kellogg Company 2019 Annual Report SEC Form 10-K and Supplemental Information Fiscal Year End: December 28, 2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 28, 2019 □ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period From To Commission file number 1-4171 Kellogg Company (Exact name of registrant as specified in its charter) Delaware 38-0710690 (State or other jurisdiction of (I.R.S. Employer Identification No.) Incorporation or organization) One Kellogg Square Battle Creek, Michigan 49016-3599 (Address of Principal Executive Offices) Registrant’s telephone number: (269) 961-2000 Securities registered pursuant to Section 12(b) of the Securities Act: Title of each class: Trading symbol(s): Name of each exchange on which registered: Common Stock, $.25 par value per share K New York Stock Exchange 1.750% Senior Notes due 2021 K 21 New York Stock Exchange 0.800% Senior Notes due 2022 K 22A New York Stock Exchange 1.000% Senior Notes due 2024 K 24 New York Stock Exchange 1.250% Senior Notes due 2025 K 25 New York Stock Exchange Securities registered pursuant to Section 12(g) of the Securities Act: None Indicate by a check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No □ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
    [Show full text]
  • Consumer Propensity Report by Category
    Consumer Propensity Report Marketing and Merchandising Intelligence for Local Business The Consumer Propensity Report (CPR) shows the lifestyle, product, and psychographic likelihood indices for the consumers within the trade area being analyzed. Major retail, restaurant, grocery, and consumer packaged goods firms use this very same information to drive marketing and merchandising decisions. Each analyzed item is assigned a propensity index score with 100 being average. For example, if the consumers within a trade score a 120 for a given analysis item you know that those consumers are 20% more likely to participate in or purchase that item than the average American household. A propensity index score of 80 would indicate that those consumers would be 20% less likely than the average American household to participate in or purchase that item. Information is provided for 32 major categories with over 4,800 total line items. Please note that line items are based upon national‐level purchasing and lifestyle characteristics. These line items are then correlated to the underlying household characteristics of the consumers within the trade area being analyzed. Some line items may not be necessarily relevant or available currently in your market or region. The index score in these situations serves to indicate the degree to which the consumers would participate in or purchase that item if it were relevant and available. Often this is taken as an opportunity for expansion of a similar brand or concept within the category. CPR Categories Apparel
    [Show full text]
  • Peanut Allergy Safe Foods
    Peanut Allergy Safe Foods This list is a general guide. Please check all packages. Allergy information is listed on most products after the ingredients. Avoid all products that say may contain peanuts/nuts or processed on shared equipment. Fruit – fresh or canned, with whipped cream or T.Marzetti’s Carmel Dip Applesauce – Mott’s, Musselman’s, Wilderness, Flavorite Raisins – plain Vegetables – Ranch dressing ok Dairy - Cheese cubes, string cheese, Velveeta Yogurt, Go-gurt, Danimals Vanilla ice cream – Blue Bunny, Edy’s, Breyers Ice Cream Toppings – Smuckers, Hersey’s, no “candybar” types Popsicles Ice Cream Sandwich – Blue Bunny Candy – Starburst, Skittles, LifeSavers, Jolly Ranchers, Dum Dums Tootsie Rolls, Tootsie Pops Kraft Marshmallows, Kraft Caramels, Peeps Twizzlers, Red Vines, Milk Duds, Whoppers, Rolos Harribo Gummy Bears, Laffy Taffy, Sour Patch Kids Mike & Ikes, Hot Tamales, Dots, Swedish Fish, Nerds, Pez, Air Heads, Fun Dips Hershey Kisses (Original, caramel, dark choc, white choc), chocolate chips, Plain Hershey Bars Smarties & Smarties Conversation Hearts, Mentos Spangler Candy Canes, Tic Tacs Andes Mints Cereal - Capt. Crunch (original), Cheerios, Apple Jacks, Fruit Loops, Rice Krispies, Alpha Bits, Lucky Charms, Fruity Pebbles, Cocoa Pebbles, Chex, Cinnamon Toast Crunch, Golden Grahams, Kix, Mini Wheats/Shredded Wheat Goldfish – Pepperidge Farms Lemon bars – Sunkist only Pudding – prepackaged Swiss Miss, Jello, Kraft, Hunts, Flavorite Fruit Snacks – Kelloggs, Betty Crocker, Welch’s, Flavorite Hot Cocoa – Swiss Miss, Nestle,
    [Show full text]
  • Nutribalance-5000 Nutritional Scale
    NutriBalance-5000 Nutritional Scale Carb. Guide Contains over 7000 additional food codes for carbohydrates! oz Max: 11lb d: 0.1oz MR M+ WT 9 Prot 7 8 Cal Sal 0 Tare 6 Fat Carb Col 4 5 Fibr 3 g/oz CLR 2 WT MC 1 How To Use This Manual: This manual provides a cross-reference of carbohydrate codes for the NutriBalance nutritional scale, based on the USDA National Nutrient Database Release 18. When using this manual, only the Carb function of the Nutribalance should be used. All other nutritional buttons such as Fiber, Prot, etc will not display accurate information. 1. To find the Carb Code for a food item, simply use the Acrobat Search function (Ctrl+F or Ctrl+Shift+F). Enter the name of the food item in the Search Field and hit Enter. Give the search time to complete. 2. Once you find your food item in the manual, select your code from the “Code to use” column, or the Code (Fiber Method) column. 3. Place the food item onto the weighing platform and enter the code using the keypad. Now press the Carb button. NOTE: The NutriBalance requires 3-digit input for the code to be accepted. Therefore, if the “Code to use” is 3, you should enter 003, etc. Code to use Code Carbo- Fiber_ Refuse_ Modified ( Fiber hydrt TD Pct Carbs (- Method) fiber) MILK SUBSTITUTES,FLUID,W/ 41 41 6.16 0 0 6.16 LAURIC ACID OIL MILK,WHL,3.25% MILKFAT 85 85 4.52 0 0 4.52 MILK,PRODUCER,FLUID,3.7% 819 819 4.65 0 0 4.65 MILKFAT MILK,RED 819 819 4.68 0 0 4.68 FAT,FLUID,2%MILKFAT,W/ADDED VIT A MILK,RED FAT,FLUID,2% 696 696 4.97 0 0 4.97 MILKFAT,W/ NONFAT MILK SOL&VIT A MILK,RED
    [Show full text]
  • Peanut Free Snack List September 6, 2012
    Peanut Free Snack List September 6, 2012 Below is a list of snacks which are free from peanuts and have not been manufactured in a facility that processes peanuts. These are considered safe for children with peanut allergies. Please keep in mind this list is current as of August 2012, but manufacturers can change ingredients and/or they may change the facility where they make the product to one which has peanuts. The FDA (the food and drug administration, which is a US government body) requires that manufacturers list all allergens on their package and they must also list when a product is made in a facility which handles allergens. We will attempt to keep you up to date on any changes that may occur, but it is important that you read labels, especially for products not listed. How to read labels: Every product must have a list of its ingredients on the package. One way to read labels is to simply read the ingredient list. If peanuts are not listed, the product is safe. If the product doesn’t have an ingredient list, the contents are unknown and must be considered unsafe. In an effort to simplify reading labels, the FDA now requires manufacturers to list any potential allergens as a separate call‐out on the package. These call outs include such foods as peanuts, milk, wheat, eggs, tree‐nuts, and many other nuts. However, there is not yet consensus on exact terminology for the call‐out. At this point, the most common terms used are: ‐ Allergen information ‐ Contains ‐ May contain ‐ Product manufactured on shared equipment If peanuts are listed on any of these call‐outs, it is not a safe product! Keep in mind‐ Some products are safe if they are packaged one way‐ but not safe if packaged another way.
    [Show full text]
  • Kellogg's Annual Report 2008
    KELLOGG COMPANY TWO THOUSAND AND EIGHT ANNUAL REPORT WHAT MAKES ® ™ At Kellogg Company, we have: • For more than a century, Kellogg Company has been dedicated to producing great-tasting, high-quality, nutritious foods that consumers around the world know and love. With 2008 sales of nearly $13 billion, Kellogg Company is the world’s leading producer of cereal, as well as a leading producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles and vegetarian foods. We market more than 1,500 products in over 180 countries, and our brands include such trusted names as Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Morningstar Farms, Famous Amos, Special K, All-Bran, Frosted Mini-Wheats, Club, Kashi, Bear Naked, Just Right, Vector, Guardian, Optivita, Choco Trésor, Frosties, Sucrilhos, Vive, Muslix and Zucaritas. Kellogg products are manufactured in 19 countries around the world. We enter 2009 with a rich heritage of success and a steadfast commit- ment to continuing to deliver sustainable and dependable growth in the future. TWO 2008 ANNUAL REPORT A commitment ™ to sustainable and dependable GROWTH ™ 2008 FINANciaL HigHLigHTS / DELIVERING STRONG RESULTS (dollars in millions, except per share data) 2008 Change 2007 Change 2006 Change Net sales $ 12,822 9% $ 11,776 8% $ 10,907 7% Gross profit as a % of net sales 41.9 % (2.1 pts) 44.0 % (0.2 pts) 44.2 % (0.7 pts) Operating profit 1,953 5% 1,868 6% 1,766 1% Net earnings 1,148 4% 1,103 10% 1,004 2% Net earnings per share Basic 3.01 8% 2.79 10% 2.53 6% Diluted 2.99 8% 2.76 10% 2.51 6%(b) Cash flow (net cash provided by operating activities, reduced by capital expenditure)(a) 806 (22%) 1,031 8% 957 24% Dividends per share $ 1.30 8% $ 1.20 5% $ 1.14 8% (a) Cash flow is defined as net cash provided by operating activities, reduced by capital expenditures.
    [Show full text]
  • Kashrus Kurrentsvolume 27 NO
    STAR-K KOSHER CERTIFICATION rtnhyktcs ,urafv sgu Kashrus KurrentsVOLUME 27 NO. 1 Autumn 5767-2006 Brochos for Analyzing the Roots: Breakfast Hydroponics RABBI DOVID HEBER and Halacha STAR-K KASHRUS ADMINISTRATOR RABBI ZVI GOLDBERG One of the profound aspects of our Torah Hakdosha is the ability for anyone, STAR-K KASHRUS ADMINISTRATOR regardless of age or wisdom, to appreciate the Torah on his or her own level. For example, the posuk “B’reishis Barah Elokim” is studied by the greatest Torah scholars, as well as first grade children. This concept is also applicable to Hilchos Brochos. To The AeroGarden is a unique hydroponic system, a first grader studying for a Brochos Bee, or a Talmudic scholar studying Perek enabling home-growing of vegetables. (See sidebar Kaitzad Mevorchim in Masechta Brochos, learning about brochos can be fascinating. on page 3). The entrance of this system into the A daily and extremely relevant application of this principle lies in the area of marketplace presents an opportunity to discuss the brochos on breakfast cereals. What makes determining the correct brochos for these history and halachos of hydroponics. products so complicated? Technological advances in food manufacturing have had According to some accounts, the Hanging a great impact on Hilchos Brochos. A slight difference in production, or even in the Gardens of Babylon were hydroponically grown. manufacturer’s intention of the use of ingredients, can change the brocha. As will be The gardens hung strikingly from palace terraces explained, cereals such as puffed wheat or corn flakes produced by different and were considered one of the Seven Wonders of companies may look the same to the consumer.
    [Show full text]
  • Enjoy the Magic of Walt Disney World All Year Long with Celebrations Magazine! Receive 6 Issues for $29.99* (Save More Than 15% Off the Cover Price!) *U.S
    Enjoy the magic of Walt Disney World all year long with Celebrations magazine! Receive 6 issues for $29.99* (save more than 15% off the cover price!) *U.S. residents only. To order outside the United States, please visit www.celebrationspress.com. To subscribe to Celebrations magazine, clip or copy the coupon below. Send check or money order for $29.99 to: YES! Celebrations Press Please send me 6 issues of PO Box 584 Celebrations magazine Uwchland, PA 19480 Name Confirmation email address Address City State Zip You can also subscribe online at www.celebrationspress.com. On the Cover: “Splash!”, photo by Tim Devine Issue 24 Taking the Plunge on 42 Contents Splash Mountain Letters ..........................................................................................6 Calendar of Events ............................................................ 8 Disney News & Updates................................................10 MOUSE VIEWS ......................................................... 15 Guide to the Magic O Canada by Tim Foster............................................................................16 50 Explorer Emporium by Lou Mongello .....................................................................18 Hidden Mickeys by Steve Barrett .....................................................................20 Photography Tips & Tricks by Tim Devine .........................................................................22 Music in the Parks Pin Trading & Collecting by John Rick .............................................................................24
    [Show full text]
  • Grocery Goliaths
    HOW FOOD MONOPOLIES IMPACT CONSUMERS About Food & Water Watch Food & Water Watch works to ensure the food, water and fish we consume is safe, accessible and sustainable. So we can all enjoy and trust in what we eat and drink, we help people take charge of where their food comes from, keep clean, affordable, public tap water flowing freely to our homes, protect the environmental quality of oceans, force government to do its job protecting citizens, and educate about the importance of keeping shared resources under public control. Food & Water Watch California Office 1616 P St. NW, Ste. 300 1814 Franklin St., Ste. 1100 Washington, DC 20036 Oakland, CA 94612 tel: (202) 683-2500 tel: (510) 922-0720 fax: (202) 683-2501 fax: (510) 922-0723 [email protected] [email protected] foodandwaterwatch.org Copyright © December 2013 by Food & Water Watch. All rights reserved. This report can be viewed or downloaded at foodandwaterwatch.org. HOW FOOD MONOPOLIES IMPACT CONSUMERS Executive Summary . 2 Introduction . 3 Supersizing the Supermarket . 3 The Rise of Monolithic Food Manufacturers. 4 Intense consolidation throughout the supermarket . 7 Consumer choice limited. 7 Storewide domination by a few firms . 8 Supermarket Strategies to Manipulate Shoppers . 9 Sensory manipulation . .10 Product placement . .10 Slotting fees and category captains . .11 Advertising and promotions . .11 Conclusion and Recommendations. .12 Appendix A: Market Share of 100 Grocery Items . .13 Appendix B: Top Food Conglomerates’ Widespread Presence in the Grocery Store . .27 Methodology . .29 Endnotes. .30 Executive Summary Safeway.4 Walmart alone sold nearly a third (28.8 5 Groceries are big business, with Americans spending percent) of all groceries in 2012.
    [Show full text]
  • Exchange List 2009
    Updated October 2015 PROTEIN EXCHANGE LIST 2015 1 gram protein list Each of the Following in the Amount Stated = 1 Exchange NOTE: Information is correct at time of printing. Always remember to check food labels incase any products have changed. Updated October 2015 BREAKFAST CEREALS Breakfast Cereal Grams Measurements Harvest Morn Chocolate Pillows 18g 1 level blue scoop Kelloggs All Bran Branflakes 9g 2 level tablespoons Kelloggs Cocopops 18g 2 ½ level blue scoops Kelloggs Cornflakes 14g 2 level blue scoops Kelloggs Crunchy Nut Flakes 17g 2 level blue scoops Kelloggs Frosted Wheats 10g 5 pieces Kelloggs Frosties 22g 2 ½ level blue scoops Kelloggs Honey Loops 14g 2 level blue scoops Kelloggs Mini Max 9g 7 pieces Kelloggs Raisin Wheats 11g 5 pieces Kelloggs Rice Krispies 17g 3 level blue scoops Kelloggs Rice Krispies Multigrain Shapes 13g 2 level blue scoops Kelloggs Special K 11g 1 level blue scoop Kelloggs Special K Red Berries 11g 1 ½ level blue scoops Nestle Coco Shreddies 11g 1 level blue scoop Nestle Cookie Crisp 14g 2 level blue scoops Nestle Curiously Cinnamon 18g 2 level blue scoops Nestle Frosted Shreddies 11g 1 level blue scoop Nestle Golden Nuggets 13g 1 ½ level blue scoops Nestle Honey Cheerios 12g 2 level blue scoops Nestle Honey Shreddies 11g 1 level blue scoop Nestle Nesquick 13g 1 ½ level blue scoops Nestle Oat Cheerios 11g 2 level blue scoops Nestle Shredded Wheat Bitesize 9g 6 pieces Nestle Shreddies 10g 1 level blue scoop Oatibix 8g ⅓ biscuit Oatibix Flakes 11g 1 level blue scoop Porridge 9g 2 level tablespoons Ready Brek 8g 2 tablespoons Weetabix 10g ½ biscuit Weetabix Banana 11g ½ biscuit Weetabix Chocolate 11g ½ biscuit Weetabix Chocolate 11g ½ biscuit Weetabix Crispy Minis Chocolate Chip 10g 4 pieces Weetabix Crispy Minis Fruit & Nut 10g 4 pieces Weetabix Golden Syrup 11g ½ biscuit Weetabix Organic 10g ½ biscuit Weetos 12g 1 ½ level blue scoops NOTE: Information is correct at time of printing.
    [Show full text]