Olam International has booked a 26.2% increase in first-quarter profits, boosted by growth at its food business. Net profit for the three months to the end of September rose to S$43.2m (US$35.3m), up from S$34.2m in the comparable period ...
Tags: net profit, Sales rise, Food sales
Canadian food manufacturer and retailer George Weston has said it expects sales from its Weston Foods business to fall in 2012 after sales slid in the third quarter. George Weston, which supplies branded and own-label bread and biscuits ...
Tags: Weston Foods sales, volumes, Q3 profits
Carrefour today (30 August) reported a fall in half-year profits but shares in the French retail giant rose as analysts had expected a steeper decline. The French retail giant booked recurring operating income of EUR769m (US$965.3m), down ...
Tags: Carrefour, retail giant, operating income, profit drop
South African retailer Woolworths Holdings has forecast its annual earnings could increase by up to 30% on the back of higher sales and gains from foreign exchange. Woolworths said its headline earnings per share - a key financial metric ...
Tags: Woolworths Holdings, annual earnings, foreign exchange, sales
French retail giant Carrefour has suggested that efforts to improve the performance of its hypermarkets in France were paying off, despite sales falling in the second quarter of the year. Like-for-like sales from Carrefour's French ...
Tags: Hypermarkets, Carrefour, retail giant, market
Marks and Spencer's food business will continue to prosper, the UK retailer's chief executive said today (10 July), despite the head of the division being moved to lead its under-pressure non-food arm. Marc Bolland told just-food the ...
Tags: food business, food, food industry, food market
India-based ice cream and processed food manufacturer Vadilal Industries is planning to double its processed food revenues to over INR1bn ($18.4m) by 2015. The company noted that this decision comes in response to the growing demand for ...
The price of milk dominated headlines in the UK this week, with farmers gathering at a summit to air their views on the implications of the cuts and discuss what can be done. Elsewhere, French retailer Carrefour sounded an upbeat note on ...
Tags: milk, price of milk, yoghurt, bread
UK food sales have jumped as consumers splashed out for the Queen's Diamond Jubilee, but the latest figures from Kantar Worldpanel show that Tesco and Morrisons struggled to take advantage of this market growth. Both Tesco and Morrisons ...
Tags: food, Tesco, retailer, grocery inflation, frozen food
Like-for-like sales in the UK were down 0.7% in the 13 weeks to 31 March. Total group sales, which include new and overseas stores, increased 0.8%. Sales were hit by poor performance in its general merchandise division, which includes ...
Tags: sales down, homewear, fashion, M&S