US retailer Safeway Inc has booked an increase in third-quarter earnings, helped by one-time items, but reported a drop in operating profit as it battled weak consumer confidence. The company said yesterday (11 October) net profit ...
Tags: Safeway Inc, earnings, operating profit, consumer confidence
Baker Hughes Inc said its international rig count for November rose 0.6% from the prior month and 6.9% from a year ago to 1,267. The international offshore rig count for November was 300, versus 306 the prior month and 302 in the year ago ...
Tags: rig count, natural-gas, Oil and gas
US poultry giant Sanderson Farms said today (28 August) it had cut production to offset the spike in feed costs it expects after this summer's severe drought in the country. Chairman and CEO Joe Sanderson Jr said the company had reduced ...
Tags: Sanderson Farms, feed costs, poultry giant, grain prices
US natural food group Smart Balance has booked a drop in third-quarter earnings, despite higher sales and operating profit. Third quarter earnings per share halved during the period, dropping from US$0.06 per share to $0.03 per share. ...
PepsiCo booked a 5% drop in third-quarter earnings today (17 October) as it increased its spending behind flagship brands. The company said earnings totalled US$1.9bn, or $1.21 per share, in the three months to 8 September, down from ...
Tags: PepsiCo, earnings, operating profit
Canadian food group Maple Leaf Foods has booked a drop in third-quarter earnings due to the write-down of certain assets. Maple Leaf earnings fell to C$32.6m (US$32.6m), down from $43m last year, the company revealed today (31 October). ...
Tags: food group, food, earnings, profit
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
McCormick & Co. today (27 September) upped its forecast for annual earnings on the back of a better tax rate and also reported an increase in third-quarter profits. The US spice manufacturer said it now sees its full-year earnings per ...
Tags: Earnings, profits, net sales, Operating income
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
US infant formula group Mead Johnson has booked an drop in third-quarter earnings, hurt by a slowdown in China. In the three months to the end of September, the company earned US$140.4m, down 3% on the prior year period. EBIT fell 11.8% ...
Grupo Bimbo saw its third-quarter earnings tumble 82% after it incurred a jump in pension costs and charges from the integration of the Sara Lee business the bakery giant acquired in North America. The Mexican company reported net income ...
Tags: Profits, pension costs, net sales
US food firm Pinnacle Foods has booked a drop in third-quarter earnings, which were hit be charges related to restructuring and refinancing. In a regulatory filing yesterday (8 November), Pinnacle said EBIT dropped to US$60m in the third ...
In Glaston Corp.'s latest interim report, it notes January-September 2011 orders received for the period totaled to EUR 84.7 million, while third-quarter orders received were EUR 28.4 (21.8) million. The report goes on to compare ...
Tags: Glaston, interim report
US food and beverage company Dean Foods has entered into an agreement to sell its Morningstar Foods unit to Canadian dairy company Saputo for $1.45bn. Morningstar Foods is a producer of dairy and non-dairy extended shelf-life and ...
Tags: food, beverage, Dean Foods, sell, dairy
Macy’s Inc. reported strong third quarter earnings that underscore the company’s continued progress in implementing key business strategies to drive growth. Earnings were 36 cents per diluted share for the third quarter of 2012, ...
Tags: Macy's, third quarter, key business strategies, earnings, online sales