South African supermarket operator Pick n Pay has booked an increase in first-half sales. In the six months to the end of August, group sales were up 5.9%, with like-for-like sales growth of 3.2%. The company said that although new ...
Tags: Pick n Pay, sales increase, first-half sales
Sweden-based retailer ICA, in which Dutch retail giant Ahold owns a majority stake, has reported higher half-year profits. ICA, which has stores in Sweden, Norway and in the Baltic, booked net income of SEK776m (US$117.2m), up from ...
Tags: Retailer ICA, earnings rise, majority stake
Irish grocery sales fell 0.9% in the 12 weeks to 5 August, according to the latest data from Kantar Worldpanel. The decline was not as steep as the 1.3% slide in the 12 weeks to 8 July but again demonstrated the pressure consumers in ...
Tags: grocery sales, latest data, Kantar Worldpanel, Kantar, Tesco, SuperValu
TORONTO — In its first report since becoming a public company last month, retailer the Hudson's Bay Co. said its third quarter loss widened slightly, although same store sales on both sides of the border were stronger than ...
Tags: Furniture
US grocer The Fresh Market has upped its full-year profit forecast after an increase in first-half earnings. The retailer raised its full-year outlook to earnings of $1.33 to $1.38 per share with 5.5% to 6.5% same-store sales growth. That ...
Tags: profit forecast, grocer, Operating income, profit, earnings
Lotte Confectionery has reported a slide in first-half profits after a weak second quarter. For the six months to the end of June, the South Korea-based confectionery maker reported net profit down by 14% on the same period of last year, ...
Tags: Lotte Confectionery, first half profits, profit, company news
Mars Inc has expanded its Combo snacks stable in the US with the launch of a 7 Layer tortilla chip. The Combos Baked Snacks 7 Layer Dip Tortilla is made with Cheddar cheese, sour cream, avocado, tomato, refried beans, onion and ...
Tags: Mars Inc, combo snacks, tortilla chip, baked snake, food industry
US retailer Safeway Inc has booked a decline in operating profit in the first half of the year. For the 24 weeks ended 16 June, operating profits slid to $437m, an 11.9% decline on the prior-year period. The retailer blamed the dedcline ...
Tags: Safeway Inc, operating profit, food market, food industry
Whole Foods Market raised its full-year sales and profit forecast after booking a 32% increase in third-quarter earnings. The US natural and organic retailer said net income rose to US$116.85m from $88.47m last year in the 12 weeks to 1 ...
Tags: whole foods market, US food market, earnings, food industry
US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains. In a regulatory filing yesterday (8 November) the company said net income rose to US$31.2m in the three months to 6 ...
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Grocery sales in Ireland remain under pressure, with the decline in sales accelerating, data from Kantar Worldpanel has shown. Sales fell 0.5% in the 12 weeks to 10 June, figures released yesterday (25 June) said. Last month, Kantar said ...
Tags: Grocery Sales, sales rise, Dunnes sales
US discount retailer Dollar General has booked higher half-year profits after it increased sales. Dollar General reported net income of US$427.6m for the six months to 3 August, up from $303m a year earlier. Operating income was $771.5m, ...
Tags: Profits, Sales increase, candy, snacks sales
Spanish discount retailer Dia has recorded an increase in first-half profit, boosted by a "good business performance" in Iberia, Argentina and Brazil. Net earnings in the six-month period amounted to EUR61.7m (US$75.8m), an 18.5% increase ...
Tags: Net profits, Sales increase, net sales
US natural and organic food group Annie's has booked an increase in second-quarter income, which was boosted by a 20% increase in sales during the period. Annie's reported adjusted net income, which strips out the impact of a share ...
Tags: natural food, organic food, food
"Weak" global consumption of chocolate hit profits at Singapore chocolate and cocoa group Petra Foods in the third quarter. Petra said its cocoa ingredients division started the year on a "positive" note but said the industry is facing ...
Tags: Petra Foods, chocolate, Singapore chocolate, cocoa