US food retailer Roundy's Inc has cut its full-year profits guidance after seeing weak consumer confidence lead to worse-than-expected sales in its fiscal first-half. For the 26 weeks to the end of June,Roundy's net sales rose by ...
Tags: Roundy's Inc, full-year profits, weak consumer confidence
Annual profits have increased at US wholesale retailer Costco on the back of higher sales at home and abroad. Costco yesterday (10 October) reported net income of US$1.71bn for the 53 weeks to 2 September. The result compared to the ...
Tags: retailer Costco, higher sales, home and abroad, net sales
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
In its quarterly report for the period ending September 1,2012,Apogee Enterprises reported that net sales from continuing operations for its architectural segment were$156 million,a 4.8-percent increase compared to$149 million for the same ...
Tags: report, architectural, income, increase
The parent of regional US retailer Tops Markets has reported a fall in third-quarter profit amid lower same-store sales. Tops Holding Corp. booked net income of US$4.7m for the 12 weeks to 6 October, down from $6.4m a year earlier. An ...
Sweden-based retailer ICA, in which Dutch retail giant Ahold owns a majority stake, has reported higher half-year profits. ICA, which has stores in Sweden, Norway and in the Baltic, booked net income of SEK776m (US$117.2m), up from ...
Tags: Retailer ICA, earnings rise, majority stake
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. ...
Dutch-Italian confectioner Perfetti Van Melle has signed a marketing, sales and distribution deal with global market expansion firm DKSH for the launch of its products into Myanmar. The confectioner has entered into an agreement with ...
Tags: confectioner, soft chews, consumer goods
Expansion into Russia and store openings hit Finland-based retailer Kesko's food profit in the first nine months of the year. Operating profit excluding non-recurring items from its food arm were down 7.6% to EUR123.4m (US$160.5m) in the ...
Tags: retailer, food profit, food, Operating profit
Costs related to last year's acquisition of Icelandic Group hit High Liner Foods' bottom line but the new addition helped drive operating profit and sales in the third quarter. Net income in the three months ended 29 September slumped ...
Tags: Liner Foods, Net profit, Net sales
US grocer The Fresh Market has upped its full-year profit forecast after an increase in first-half earnings. The retailer raised its full-year outlook to earnings of $1.33 to $1.38 per share with 5.5% to 6.5% same-store sales growth. That ...
Tags: profit forecast, grocer, Operating income, profit, earnings
Finnish group Raisio, which owns brands from Benecol butter to Honey Monster cereals, pointed to an improvement in its EBIT as it reported a second-quarter loss. The company today (14 August) posted a loss of EUR2.4m (US$2.9m) thanks to ...
Tags: butter, Honey Monster cereals, EBIT, sales
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
UK-based private-label ice cream maker R&R Ice Cream has acquired Italian ice cream manufacturer Eskigel. The acquisition, for around EUR77m (US$94.5m), will give R&R an "immediate and major" presence in Europe's largest ice cream ...
Tags: acquisition, R and R, Eskigel, ice cream
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