US discount retailer Family Dollar Stores has hired Jocelyn Wong, an executive from larger grocer Safeway Inc, as chief marketing officer. Wong, who joined Safeway in 2010 from Procter & Gamble, will report to Family Dollar president and ...
Tags: discount retailer, Marketing Chief, grocers
US own-label firm TreeHouse Foods has cut its full-year earnings guidance as it announced plans to shut its soup and salad dressing facilities. TreeHouse this morning (8 August) lowered its full-year adjusted profit outlook to between ...
Tags: TreeHouse Foods, soup and salad dressing facilities, operating profit
Shares in US retail giant Wal-Mart slid almost 3% in pre-open trading this morning (16 August), despite a 5.7% increase in second-quarter net income and an improved full-year outlook. The company said today that net income in the three ...
Russian retailer Dixy has booked an increase in profit in the third quarter of the year. Earnings in the three months to the end of September amounted to US$8.7m, a 7.2% increase on the prior year period. Operating profit climbed 1.4% ...
Tags: Net profit, Operating profit, Net sales
US baker Flowers Foods has changed its forecast for annual earnings, pointing to "heightened" competition and "challenging" trading conditions. Flowers expects adjusted earnings per share to increase by 3.5% to 8% in 2012, including the ...
US discount retailer Dollar General has booked higher half-year profits after it increased sales. Dollar General reported net income of US$427.6m for the six months to 3 August, up from $303m a year earlier. Operating income was $771.5m, ...
Tags: Profits, Sales increase, candy, snacks sales
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
Spanish discount retailer Dia has recorded an increase in first-half profit, boosted by a "good business performance" in Iberia, Argentina and Brazil. Net earnings in the six-month period amounted to EUR61.7m (US$75.8m), an 18.5% increase ...
Tags: Net profits, Sales increase, net sales
Del Monte Foods has moved to a net profit in the first quarter of its financial year on the back of an increase in sales. In the three months ended 29 July, earnings amounted to US$6.3m compared to a net loss of $27.6m last year, the ...
Tags: Net profit, Operating profit, Net sales
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, ...
The UK's largest dairy processor Dairy Crest has made a full-year net loss after incurring impairment charges at its dairies business. For the 12 months to the end of March, Dairy Crest made a pre-tax loss of GBP10.1m (US$5.8m) compared ...
Tags: Costs, Profits, dairies business
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
Shares in Dutch food group CSM closed up today (8 August) after the company reported half-year profits that beat analyst forecasts and it provided an update on the planned sale of its bakery business. CSM shares finished 3.05% higher on ...
Tags: Dutch food, bakery businesses, net sales
Dutch ingredients group CSM said its first-quarter profits were down by more than a quarter today (24 April), as weakness at its bakery supplies unit continued to weigh on the group's results. EBITA excluding one-off costs in the first ...
Tags: Csm Profits, Dutch ingredients group, industry channels
Another quarter of lower sales of consumer products has hit overall revenue at Del Monte Foods. The US company today (22 June) reported a 1.7% fall in fourth-quarter net sales after sales of its consumer brands, which include canned ...
Tags: Consumer Brands, Del Monte, pet products