Annual profits have increased at US wholesale retailer Costco on the back of higher sales at home and abroad. Costco yesterday (10 October) reported net income of US$1.71bn for the 53 weeks to 2 September. The result compared to the ...
Tags: retailer Costco, higher sales, home and abroad, net sales
Produce group Fyffes today (3 September) increased its forecast for annual profits, sending its shares higher. Fyffes said it expects EBITA to hit EUR28-33m (US$35.2-41.5m) up from a previous prediction of EUR25-30m. The company said ...
Tags: annual profits, shares higher, group Fyffes, new guidance
Singapore conglomerate Olam International has posted a fall in annual profits but sales volumes and margins from its food business continued to grow. The company yesterday (28 August) booked a 4.6% decline in underlying net profit to ...
Tags: conglomerate Olam International, annual profits, food business
Annual profits from Associated British Foods' grocery business, which includes Kingsmill bread and Jordans cereal, fell 23%, the UK-based group said today (6 November). Adjusted operating profit from the grocery arm, which also sells ...
Tags: annual profits, Associated British Foods, grocery business, Kingsmill
South African retailer Massmart has booked an increase in annual profits on the back of improved sales. The company, in which Wal-Mart Stores owns a majority stake, yesterday (22 August) filed an 8.9% increase in underlying headline ...
Tags: WalMart Stores, annual profits, Operating profit, food retail
South African consumer goods group Tiger Brands has reported higher annual profits as improved earnings from its international markets offset challenging conditions at home. Tiger said operating income from its export markets "more than ...
Tags: Tiger Brands, Export Markets, consumer goods
US discount retailer Family Dollar Stores has hired Jocelyn Wong, an executive from larger grocer Safeway Inc, as chief marketing officer. Wong, who joined Safeway in 2010 from Procter & Gamble, will report to Family Dollar president and ...
Tags: discount retailer, Marketing Chief, grocers
Shares in Colruyt rose by more than 11% today (27 June) after the Belgium-based retailer reported an increase in annual profits. The company, which booked lower profits for the first six months of its financial year, said its net profit ...
Tags: Fy Profit, Shares Jump, price pledges
Shares in Dairy Crest were higher this morning (24 September) after the UK dairy group said its expectations for annual profits had not changed despite a "challenging" first half of the year. In a trading update, Dairy Crest admitted ...
Tags: Dairy, FY profit, H1 problems
US food group Campbell Soup Co. is to shut two domestic plants, citing falling canned soup sales among the reasons for the move. Campbell will close a spice factory in New Jersey by March and a soup and sauce plant in California by July. ...
Tags: Us Plants, Soup, transition
UK cash-and-carry retailer Booker has reported a 27% rise in annual profits, boosted by higher sales, improved margins and an extra week of trading. The company said today that post-tax profit increased to GBP74.9m (US$117.4m) in the 53 ...
Singapore conglomerate Fraser and Neave has booked a drop in annual profits from its dairy business after production was hit by the floods in Thailand late last year. F&N, which is the subject of a takeover battle, reported its results ...
Tags: dairy profits, dairy, dairy business
UK frozen food retailer Iceland Foods has reported a 14% increase in full-year profits as it reported a solid increase in sales despite fierce competition. Iceland booked net profit before tax of GBP147.5m (US$229.8m) for the 53 weeks to ...
Tags: UK, frozen food, Iceland Foods
UK wholesaler Booker today (24 May) suggested it is positioning itself for further growth in the year to come through its strategy to "focus, drive and broaden" the business. The company posted a 27% rise in annual profits, which ...
Tags: Booker, catering customers, catering
Canadian retailer Metro Inc has reported higher annual profits - and seen sales in its most recent quarter outstrip rival Loblaw. Metro's full-year earnings were boosted by its acquisition of local rival Marché Adonis and higher ...
Tags: retailer, Metro, annual profits, full-year earnings