Strong revenues from Jeronimo Martins' Polish discount retail chain Biedronka helped boost group sales in the first nine months of the year. The Portuguese retailer recorded an 8.7% increase in sales to EUR7.95bn (US$10.3bn) in the period ...
Tags: revenues, Jeronimo Martins, retail chain, Biedronka, increase
The Russian division continues to have a strong order backlog for the remainder of 2012 and the beginning of 2013, particularly in OCTG and line pipe as Russian oil and gas companies continue to implement drilling programs. The Company ...
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
Post Holdings said this morning (22 October) that it expects to "meet or slightly exceed" its full-year earnings forecasts. The ready-to-eat cereal maker said that it expects to hit, or beat, its previously announced EBITDA guidance range ...
Tags: Post Holdings, earnings, cereal, food market
Michael Foods has booked an increase in first-half net profit as lower financing costs, improved margins and higher sales boosted the bottom line. The US egg packer said today (14 August) its net earnings for the six months to 30 June ...
Tags: Michael Foods, first-half net profit, lower financing costs
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
A fall in production has hit half-year profits at UK-listed palm oil processor New Britain Palm Oil. CEO Nick Thompson said heavy rain made it harder to collect and transport fresh fruit bunches. The wet weather also meant the fruit ...
Tags: oil process, profits, New Britain Palm Oil, production fall
US c-store operator The Pantry has reported lower third-quarter profits as an impairment charge and lower fuel sales weighed on earnings. In the three months ended 28 June, earnings dropped to US$14.8m from $19m in the comparable period ...
Tags: Pantry, Q 3profits, fuel sales, earnings
US retailer Kroger has increased its full-year profit forecast after reporting a rise in third-quarter earnings. In the three-month period ended 3 November, earnings climbed to US$316.5m from $195.9m a year earlier, which included a ...
Tags: Kroger, profit, earnings rise, profit forecast
US cereal maker Post Holdings has recorded an increase in third-quarter profits and reaffirmed its outlook for the year. In the three months to the end of June, earnings reached US$15.8m, compared to $1.6m in the prior-year quarter, when ...
Tags: Post Holdings, cereal market, profits, earnings
S&P released the following statement Overview We expect lower prices in the European stainless steel industry to push Luxembourg-based stainless steel producer Aperam's 2012 EBITDA well below our previous projections. Even ...
Tags: rating action, S&P, stainless steel industry, Aperam
The Board of Directors took notice of the information on Gazprom's debt management strategy, debt structure, costs and mechanisms of financial resources attraction and approved of the ongoing activities aimed at the Company's debt portfolio ...
Tags: debt management strategy, debt structure, costs and mechanisms
UK sugar-to-dessert group Real Good Food Company has booked a 62% increase in EBITDA on strong sales gains. EBITDA for the 15 months to 31 March rose to GBP9.1m (US$14.3m) on sales that increased from GBP249m to GBP305.5m. Key trading ...
Tags: Real Good Food, sales gains, increase, company news
Slovenian retailer Mercator has warned of rising raw materials costs and "profound recession" in many of its key markets after swinging to a net loss in the first half of 2012. For the six months to the end of June, Mercator reported net ...
Tags: Mercator, raw materials, key market, food market, net loss
Finnish food group Raisio has added to its confectionery stable with the acquisition of Czech group Candy Plus. Raisio said the EUR20.5m deal would "complement" its UK confectionery operations, which the Fox's mint brand. The company ...
Tags: Raisio, acquisition, Candy Plus, food industry