Hewlett-Packard has reported an $8.9bn loss in its third fiscal quarter, with earnings 568% down compared with the same period the year before. Hewlett-Packard (HP) was forced to write down the value of some assets, mostly related to its ...
Tags: HP, Loss, Quarter, Computer Products
Fiscal 2013 Second-quarter Highlights(%cited vs.year-ago period amounts,where applicable): Diluted EPS from continuing operations of$0.51 as reported and$0.57 adjusted for items impacting comparability,up 19%as reported and up 16%on a ...
Tags: consumer foods, commercial foods, ConAgra Foods, profit
Boparan Holdings,the parent company of UK firm 2 Sisters Food Group,has reported a loss in its first quarter due to costs from a site closure but saw underlying profits rise. In the 13 weeks ended 27 October,the company made a net loss of ...
Tags: 2 Sisters Food, Boparan, loss, underlying profits
PepsiCo has booked a drop in first-quarter profits as restructuring costs weighed on earnings. Net profit in the three months to the end of March slid 1% to $1.13bn in the period, PepsiCo reported today (26 April). Reported EPS in the ...
Tags: PepsiCo, drop, first-quarter profits, restructuring costs, earnings
Australian 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
US own-label group Ralcorp Holdings, which today (27 November) agreed to a takeover bid from ConAgra Foods, returned to profit in its fiscal 2012 year, boosted by acquisitions made during the year. In the 12 months to the end of ...
Tags: Foods, Foods industry, profit, operating profit
Canadian food manufacturer Maple Leaf Foods has booked a drop in first-half profits. In the six months to the end of June, net earnings amounted to C$33.3m (US$33.2m), a 5.2% decline on the prior year. Adjusted operating earnings, ...
Tags: profits, food manufacturer, food, net earnings
US canned foods firm Seneca Foods has reported an increase in half-year sales, with price hikes offsetting a fall in volumes. Seneca, which owns the Libby's and Stokely's brands, yesterday (25 October) booked a 1.5% increase in net sales ...
Tags: canned foods, Libby's and Stokely's brands, licencing deal
US dairy group Dean Foods has reported a jump in half-year profits as a focus on costs offset flat sales. Dean Foods yesterday (7 August) reported net income of US$94.5m for the six months to the end of June. A year earlier, it had booked ...
Tags: Cost control, Dean Foods Profits, Dean Foods
Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
UK own-label firm Bakkavor has reported an "improvement" in its revenue and margins in a set of mixed half-year numbers. The company booked a 3% increase in like-for-like revenue for the first six months of 2012 to GBP853.3m (US$1.34bn), ...
Tags: Bakkavor, improvement, H1
Associated British Foods has said it expects "substantial" growth in full-year earnings after its first-half results benefited from a strong performance by its sugar division and Primark. For the six months to 3 March, pre-tax profits ...
Tags: ABF, substantial growth, sugar division, Primark
Packaging papers manufacturer in Australia PaperlinX is set to implement restructuring and cost reduction initiatives in its businesses in the UK, in a bid to cater to the ongoing depressed trading conditions in Europe. The company will ...
Tags: Packaging, diversified range of products, depressed trading
Avery Dennison Corporation announced preliminary, unaudited third quarter 2012 results. “In the third quarter, we delivered the strongest organic sales growth since first quarter 2011,” said Dean Scarborough, Avery ...
Tags: Avery Dennison, third quarter 2012, financial results, net sales
Mohawk Industries Inc. announced 2012 third quarter net earnings of $70 million and diluted earnings per share (EPS) of $1.01. Excluding restructuring charges, net earnings were $72 million and EPS was $1.04, a 25% increase over last year's ...
Tags: net earnings, Net sales, SmartStrand Silk, carpet market