US food retailer Roundy's Inc has cut its full-year profits guidance after seeing weak consumer confidence lead to worse-than-expected sales in its fiscal first-half. For the 26 weeks to the end of June,Roundy's net sales rose by ...
Tags: Roundy's Inc, full-year profits, weak consumer confidence
Kraft Foods Group booked a 13% rise in earnings during the third-quarter, as the group benefited from its "leaner" post-spin structure and spent more on advertising. Reporting its first set of results following its spin-off from global ...
Tags: Q3 earnings, Net revenue, Q4 sales
US food manufacturer Lancaster Colony has booked a drop in full-year profits. In the 12 months to the end of June, earnings slid 9.9% to US$95.8m. Operating profits in the period dropped 2.5% to US$143.3m. Lancaster's speciality foods ...
Tags: Lancaster Colony, full year profits, drop, 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
Much of the talk for manufacturers on the release of their first-half and second-quarter results last week was focused on weakness in Europe and the knock-on effect from the impact of the US drought on corn prices. Elsewhere, Haribo said it ...
Tags: corn prices, drought, Foods plant
Canadian retailer Metro Inc has today (9 August) posted a rise in third-quarter net profits on the back of increased sales. Net earnings for the quarter ending 30 June increased 13.6% to C$144.4m (US$225.6m). EBITDA climbed 10.3% to ...
Tags: Profit, Net earnings, Metro, net profits
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
The company expects revenue of about $13.6bn, plus or minus $500m for Q4 2012 Intel has reported a revenue of $13.5bn for the third quarter of 2012, compared to $14.23bn it reported during the corresponding quarter in 2011. The ...
Tags: Intel, net income, operating income, Ultrabooks, phones
Shares in Tyson Foods fell today (6 August) after the US meat giant lowered its forecast for annual sales and warned grain costs would weigh on profits in its next financial year. Tyson, which reported mixed third-quarter results today, ...
Tags: Tyson Foods, sahre, meat industry, grain cost, 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 ...
Tags: baker Flowers, Flowers Foods, Flowers, Foods
Audience has been supplying chips to Apple since 2008 Mobile technology firm Audience has said that Apple may not use its technology for the latest iPhone, which is anticipated to be launched next week. Audience provides chips for ...
Tags: iPhone5, Apple, chips, technology
US baker Flowers Foods has changed its forecast for annual earnings, pointing to "heightened" competition and "challenging" trading conditions. Flowers expects adjusted earnings per share to increase by 3.5% to 8% in 2012, including the ...
Del Monte Foods has moved to a net profit in the first quarter of its financial year on the back of an increase in sales. In the three months ended 29 July, earnings amounted to US$6.3m compared to a net loss of $27.6m last year, the ...
Tags: Net profit, Operating profit, Net sales
Chiquita Brands International has said its third-quarter net loss more than doubled amid falling sales and restructuring charges. The company said net losses rose to US$67m, up from $29m last year. Sales dropped to $714m, down from $723m ...
Tags: net loss, banana and salads businesses, profit decline
Shares in Kettle Chips owner Diamond Foods tumbled today(10 December),the first day of trading after the US snack group reported a fourth-quarter loss. Diamond's stock was down almost 9%today after the company booked a loss of US$32.9m ...
Tags: Diamond Foods, stock, financial results, loss