US cereal giant Kellogg has booked a drop in first-half profit as raw material prices and weakness in Europe weighed on earnings. Net profit in the six months to the end of June amounted to US$659m, a 7% decline on the prior-year period, ...
Belgium-based Ter Beke has reported a sharp drop in half-year profits, due to higher raw material costs and one-off charges. For the six months to the end of June, the meat and ready meals group said net profit sank by 31% on the same ...
Tags: Net sales, EBITDA, net profit
Canadian retailer Couche-Tard has booked a jump in full-year earnings, as it benefited from higher sales, improved margins and an extra trading week. The Quebec-based forecourt operator said net profit in the 53 weeks to the end of April ...
Tags: Canadian retailer, margins, trading week
PTI reported that Maruti Suzuki India will increase the vehicle prices across all models by up to INR 20,000 from January due to increasing pressure on margins due to currency fluctuation. Mr Mayank Pareek COO of Maruti Suzuki India said ...
Tags: PTI, Maruti Suzuki India, vehicle prices, margins
Swiss chocolate maker Barry Callebaut has reaffirmed its mid-term guidance, depsite booking a drop in full-year profit. In the 12 months to the end of August, the company reported a net profit of CHF142.6m (US$151.7m), down from CHF178.6m ...
B&G Foods has booked an increase in third-quarter income, boosted by price hikes and the contribution from acquisitions. The US company said yesterday (18 October) net profit increased to US$16.9m from $12.1m in the comparable period of ...
Tags: Pricing, Acquisitions, Profits
French retailer Casino has booked a slowdown in second-quarter sales as its domestic operations were hit by the economic slowdown in Europe and poor weather. The company revealed group like-for-like sales growth, excluding petrol, slowed ...
Tags: domestic operations, like-for-like sales, French market
Swiss meat processing company Bell Group said it is "holding up well", despite booking a drop in first-half profits today (9 August). The company said it faced a "difficult" trading environment in the six-month period as net profit ...
Tags: Bell Group, meat processing company, meat, meat processing
Retail giant CBD has booked a 64.6% rise in third-quarter profit as sales benefited from the Brazilian government's stimulus package. CBD's third-quarter net profit totalled BRL210m (US$103.4m) up from BRL128m in the same period of last ...
Tags: Profit Jump, stimulus package, EBITDA margin
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
Saudi food group Almarai had booked an increase in second-quarter profits on the back of a jump in sales, which were up more than one-quarter. Almarai said net profit rose by 8.7% in the three months to 30 June, while operating profit ...
Tags: Sales Jump, stake, bakery and poultry
Swiss chocolate maker Barry Callebaut has reaffirmed its mid-term guidance, depsite booking a drop in full-year profit. In the 12 months to the end of August, the company reported a net profit of CHF142.6m (US$151.7m), down from CHF178.6m ...
Tags: chocolate maker, chocolate, gourmet business, chocolate products
US meat giant Tyson Foods has booked a drop in full-year profits as the company battled increasing grain and feed ingredients costs. In the 12 months ended 1 October, net profit slumped to US$576m from $733m in the prior year, the ...
Tags: Tyson Foods, full year profit, meat industry, food industry
"Weak" global consumption of chocolate hit profits at Singapore chocolate and cocoa group Petra Foods in the third quarter. Petra said its cocoa ingredients division started the year on a "positive" note but said the industry is facing ...
Tags: Petra Foods, chocolate, Singapore chocolate, cocoa
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