Russian grocery retailer Magnit has booked a 142% jump in first-half profit, driven partly by higher sales. Magnit said today (24 July) its net profit for the six months to the end of June rose to US$339.6m. Sales increased by 33%, ...
Tags: Magnit, grocery, profit, company news, sales
US retailer Stater Bros. has reported a drop in third-quarter profits as an increase in costs offset higher sales. Stater Bros., which runs over 160 stores in California, booked net income of US$7.2m for the 13 weeks to 24 June. A year ...
Tags: Bros, third quarter profits, sales, food company
US retailer Natural Grocers by Vitamin Cottage has said it expects to open 11 stores in the next 12 months. The Colorado-based firm, which listed in New York in July, had 59 outlets selling natural and organic groceries across 12 states ...
Tags: Natural Grocers, Vitamin Cottage, food store, food industry
A fall in costs pushed up half-year profits at Fresh Del Monte Produce despite the US company reporting lower sales. Fresh Del Monte said today (31 July) its first-half net income was US$119.7m, up from $90.4m a year earlier. The higher ...
Tags: Fresh Del Monte Produce, lower sales, profit, company news, food industry
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
Russian meat processor Cherkizovo has reported a jump in first-half earnings as profits from each of its three businesses increased. Net income was up 56% to RUB2.95bn (US$94.4m) for the period to the end of June. Operating income ...
Tags: Meat, meat processor, Net income, meat processing
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
Hain Celestial has posted "record" full-year financial results on a significant day in the US company's recent history. The company booked a 44% leap in annual net income for the year to the end of June. Operating profit increased 36.3%. ...
Tags: Hain Celestial, financial result, food company, 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
South 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
Shares in Kettle Chips owner Diamond Foods tumbled yesterday (15 November) after the US company posted lower earnings for 2010 and 2011 in restated accounts - and booked a loss for the first three quarters of its current financial year. ...
Tags: Diamond, outlook, financial reports
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
US egg firm Cal-Maine Foods has booked an increase in full-year profits as gains from a new venture in the speciality egg market more than offset higher costs from its fresh shell eggs. In the 12 months ended 2 June, net profit climbed ...
Tags: egg Foods, egg market, fresh shell eggs, eggs
American Lorain has booked a 14% increase in second-quarter sales, driven by increased sales of its convenience and frozen food products. In an announcement today (14 August), the company said sales increased 14.2% to US$35.7m in the ...
Tags: convenience food products, frozen food products, food products, food
US natural and organic food group Annie's has booked an increase in second-quarter income, which was boosted by a 20% increase in sales during the period. Annie's reported adjusted net income, which strips out the impact of a share ...
Tags: natural food, organic food, food