Smart Balance has said that first-half results were in-line with its expectations, despite reporting a 39% drop in net profit. For the six months to the end of June, Smart Balance saw net profit slide to US$4.2m. The US health food firm ...
Tags: Smart Balance, first-half results, expectations, net profit, drop
SunOpta has said it is pleased with its half-year performance, after reporting rises in both sales and profits. For the 26 weeks to the end of June, SunOpta saw net sales rise by 4% to US$541.6m. Net profits, meanwhile, jumped by 38% on ...
Tags: SunOpta, half-year performance, sales, profits, earnings
Seafood giant Thai Union Frozen Products has recorded an increase in first-half profits. Earnings in the six-month period to the end of June amounted to BHT2.47bn (US$78.5m), a 10% increase on the prior-year period, despite a hike in raw ...
Tags: seafood giant, Thai Union, increase, first-half profits, earnings
Glaston Corp. announced that it has entered into exclusive negotiations for the sale of Albat+Wirsam Software GmbH. Glaston expects the transaction to be completed by the end of 2012, thus divesting its Software Solutions business area. ...
Tags: GlastonCorp, 2012, AlbatWirsam, SoftwareGmbH
Chinese infant formula group Synutra International has lowered its full-year outlook for a second time, having booked a second-quarter loss. The company said net losses totalled US$44.2m in the three months to the end of September, ...
Tags: Synutra, infant formula group, full-year outlook, second-quarter loss
Burlington Coat Factory Investments Holdings, Inc. and its operating subsidiaries, a nationwide retailer based in Burlington, New Jersey, announced its results for the third quarter and year to date periods ended October 27, 2012. ...
Tags: Burlington Coat, sales, company news, Q3 sales
US distributor United Natural Foods (UNFI) has recorded an increase in first-quarter profit. In the three months ended 27 October, net profit amounted to US$21.5m compared to earnings of $15.2m last year. Operating profit climbed 40.8% to ...
Tags: UNFI, first-quarter profit, increase, net sales
Archer Daniels Midland saw its profits slide in the first quarter of its financial year as the US drought hit corn supplies. In the three months ended 30 September, earnings amounted to US$182m from $460m last year, the firm reported ...
Tags: profits, corn, ADM, Archer Daniels Midland
US pasta and pesto manufacturer Armanino Foods of Distinction has booked an increase in first-half profits, boosted by higher sales. In the six months to the end of June, income from continuing operations climbed 18% to US$2.35bn, the ...
Tags: Armanino Foods of Distinction, pasta and pesto, profits, sales
US infant formula group Mead Johnson has lowered its full-year sales outlook, citing a slowdown in Chinese demand. In its second-quarter earnings release today (26 July), Mead Johnson reduced its full-year sales guidance to a range to ...
Tags: Mead Johnson, full-year sales outlook, slowdown, Chinese demand, earnings
Chiquita Brands International has swung to a first-half loss as a drop in sales and higher sourcing costs hit profits. In the six months to the end of June, the US produce giant booked a net loss of US$6m compared to earnings of $102m ...
Tags: Chiquita Brands International, sales, sourcing cost, net loss
US food group Michael Foods has booked an increase in third-quarter profits on the back of higher sales and lower finance costs. The company, which manufactures a range of egg lines, refrigerated potato items and dairy products, posted ...
Tags: Michael Foods, third-quarter profits, higher sales, lower finance costs
US egg firm Cal-Maine Foods' first-quarter net profits has more than tripled as sales climbed on higher average market prices for shell eggs. In the three months ended 1 September, earnings surged to US$9.4m from $3.1m last year, the firm ...
Tags: CalMaine Foods, net profits, sales, shell egg
Chinese snack food firm American Lorain has reported mixed third-quarter results, with the bottom line hit by one-off items but operating profit increasing. Net income was down 25.7% to US$5.3m, mostly thanks to a gain the company ...
Tags: American Lorain, operating profit, sales, income, company news
Russian retailer X5 Retail Group's bottom line improved in the third quarter year-on-year - but its sales slid and operating profit fell. X5 booked a net profit of US$12.1m for the three months to the end of September, compared to a ...
Tags: X5 Retail, sales, operating profit, bottom line