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CBD Reports a Jump in Earnings From Its Food Stores on The Back of Higher Sales
Feb 26, 2013CBD, Brazil's number one retailer, has reported a jump in earnings from its food stores on the back of higher sales. The retailer, also known by its trading name of Grupo Pao de Acucar, booked net income of BRL834m from its grocery ...
Tags: CBD, retailer, food stores
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Armanino Foods Records an Increase in Full-Year Earnings
Feb 19, 2013US pasta and pesto manufacturer Armanino Foods has recorded an increase in full-year earnings, despite battling rising raw material prices as a result of the US drought. Net profit amounted to US$2.88bn in the 12 months to the end of ...
Tags: Armanino Foods, full-year earnings, raw material prices
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B&G Foods Has Recorded an Increase in Full-Year Profits
Feb 19, 2013US firm B&G Foods has recorded an increase in full-year profits, boosted by acquisitions and price increases in 2012. Earnings in the 12 months ended 29 December amounted to US$59.3m, a 17.9% increase on the prior year period. Operating ...
Tags: B&G Foods, full-year profits, acquisitions
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WhiteWave Foods Has Recorded an Increase in Full-Year Profit
Feb 18, 2013WhiteWave Foods has recorded an increase in full-year profit and said it expects continued momentum in 2013. In the 12 months to the end of December, net profit climbed 5.9% to US$113.7m, the company reported today (13 February). ...
Tags: WhiteWave, foods, coffee creamer
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Kellogg Has Recorded an Increase in Full-Year Profits and Reiterated Its 2013 Outlook
Feb 6, 2013US cereal giant Kellogg has recorded an increase in full-year profits and reiterated its 2013 outlook. Earnings in the year to 29 December amounted to US$961m, an 11.2% increase on the prior-year period. The growth was boosted by its ...
Tags: Kellogg, cereal giant, Profits
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US Confectionery Giant Hershey Sees Its Profits Increase in 2012
Feb 1, 2013US confectionery giant Hershey saw its profits increase in 2012 - and cheered the market by upping its guidance for earnings this year. In the 12 months to the end of December, the company earned US$660.9m, a 5% increase on 2011, it ...
Tags: confectionery giant, profits, Shares
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One-off Costs Have Caused Profits at Ingredients Group CSM to Fall in 2012
Jan 30, 2013One-off costs have caused profits at ingredients group CSM to fall in 2012, but sales growth and better-than-expected underlying earnings saw the firm's share price jump following its results announcement. CSM's share price rose by 4% in ...
Tags: share price, CSM, net sales
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General Mills Said The Steepest Rise in Input Costs It Has Experienced in Over 30 Years
Dec 12, 2012US food giant General Mills said today (27 June) the steepest rise in input costs it has experienced in over 30 years weighed on its full-year earnings. For the 12 months ended 27 May, net profit slid 12.8% to US$1.57bn. Operating ...
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Annual Profits Have Increased at US Wholesale Retailer Costco on The Back of Higher Sales
Dec 12, 2012Annual 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
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Olam International Has Posted a Fall in Annual Profits
Dec 12, 2012Singapore 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
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Poundland Has Booked an Increase in Full-Year Profits
Dec 12, 2012Poundland, the UK-based single price value retailer, has booked an increase in full-year profits as value-conscious shoppers continued to visit its stores. In the 53 weeks ended 1 April, EBTIDA climbed 26.5% to GBP40.1m (US$62.9m), while ...
Tags: profits, retailer, Pound land, Turnover
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Australian Retail Distributor Metcash Has Booked a Drop in Full-Year Profit
Dec 11, 2012Australian retail distributor Metcash has booked a drop in full-year profit. For the 12 months to the end of April, earnings dropped to A$90m (US$90.4m) from A$241.4m in the prior-year. Metcash blamed the decline on restructuring costs ...
Tags: Metcash, full year profit drop, food retail, food industry
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Massmart Has Booked an Increase in Annual Profits on The Back of Improved Sales
Dec 11, 2012South 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
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First Milk Has Booked an Increase in Full-Year Profits
Dec 11, 2012UK dairy co-op First Milk has booked an increase in full-year profits, boosted by earnings from the sale on its shareholding in Wiseman Dairies. In the year to the end of March pre-tax profits climbed to GBP13.3m (US$20.8m) from GBP7.2m ...
Tags: Pre-tax profits, First Milk, milk prices
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Coles Saw Profits Increase 16% in Its Last Financial Year
Dec 10, 2012Coles, Australia's second-largest retailer, saw profits increase 16% in its last financial year on the back of sales boosted by more transactions at its outlets. The company booked EBIT of A$1.36bn (US$1.43bn) for the year to the end of ...
Tags: Fy Profits, financial year, savings pool