B&G Foods has reported higher first-half profits as last year's acquisition of a clutch of brands from Unilever continued to benefit the US food group. The company yesterday (19 July) booked a 26.6% increase in net income to US$32.8m for ...
Tags: B&G Foods, Unilever Brands, US food
French retail giant Carrefour has sold its Malaysian operations to Japanese giant Aeon. The sale, announced today (31 October), was made for an enterprise value of EUR250m (US$324.1m). The transaction, Carrefour said, is part of its ...
Tags: Carrefour, retail giant, Aeon, transaction
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
Grupo Bimbo saw its third-quarter earnings tumble 82% after it incurred a jump in pension costs and charges from the integration of the Sara Lee business the bakery giant acquired in North America. The Mexican company reported net income ...
Tags: Profits, pension costs, net sales
New Jersey-based food group, B&G Foods, has acquired the New York Style and Old London brands from Chipita America in an all-cash deal worth around US$62.5m. The deal marks the company's first foray into the snacks category. B&G said it ...
Tags: production plant, New York Style, B&G Foods
Cargill has said that it remains confident in its prospects, despite a 56% drop in full-year profits. For the 12 months to the end of May, Cargill saw profits slide to US$1.17bn. Fourth-quarter profits plunged by 82% to $404m, marking the ...
Tags: Profits Slump, Slump, record profits
Brasil Foods has booked a 75% drop in third-quarter profits as higher feed costs more than offset sales gains in the period. The Brazilian meat company said net income fell to BRL91m (US$44m) in the three months, down from BRL365m in the ...
Tags: Foods, meat company, grain prices, feed costs, profit
US regional retailer Spartan Stores today (1 August) reported pressure on first-quarter profits, citing "challenging" trading conditions. Spartan posted net earnings of US$6m for the 12 weeks to 23 June, matching the result in last year's ...
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
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
Dutch retailer Ahold has booked an increase in first-half profits but its shares fell amid pressure on margins and the company's caution over future trading. Earnings in the six months to the end of June climbed 8.2% to EUR530m ...
Tags: Ahold, shares, margins, amid pressure
US food group Campbell Soup Co. has recorded a drop in first-quarter earnings as costs related to its acquisition of Bolthouse Farms hit profits. In the three months to 28 October, net earnings amounted to US$265m, an 8% drop on last ...
Tags: Campbell Soup Co., Q1, Earnings
UK retailer Asda has booked an increase in second-quarter sales but sales slowed in the most recent three months of its financial year. In the three months to the end of June, excluding fuel, net sales grew 3.2%. Comparable sales, ...
Tags: Asda, sales, financial year, Q2
US pasta and pesto manufacturer Armanino Foods of Distinction has booked an increase in third-quarter profits and sales, driven by growth in all areas of the business. In the three months to the end of September, net profit climbed 16.5% ...
Tags: Armanino Foods, pasta, pesto, Foods
The Gymboree Corporation reported consolidated financial results for the third fiscal quarter ended October 27,2012. For the third quarter of the fiscal year ending February 2,2013("fiscal 2012"),net sales were$311.5 million,an increase ...
Tags: financial results, net sales, acquisition