Refrigerated retail sees a pullback in profitability.
 

CEO calls quarterly results “clear evidence” of more growth-oriented, profitable portfolio.

Confectionery giant trims full-year guidance in response to Q2 results.
 

Company is taking steps to reinvigorate its Lunchables business.
 

Income down 89% from a year ago.

Foreign exchange negatively impacts sales.
 

Increased competition in China also affected the company’s performance.
 

US snack market share initiatives are gaining traction, CEO says.

Operating profit rises for starches and sweeteners.
 

Price-conscious consumers cut back on visits.