Russian grocery retailer Magnit has booked a 142% jump in first-half profit, driven partly by higher sales. Magnit said today (24 July) its net profit for the six months to the end of June rose to US$339.6m. Sales increased by 33%, ...
Tags: Magnit, grocery, profit, company news, sales
Ahold has booked a 3% drop in net income during the first quarter of 2012 as the retailer invested in price cuts in the face of weakening consumer sentiment in Europe and the US. First-quarter net income fell 3.1% to EUR282m (US$352m), ...
Kazakhstan Today reported that CAT oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, announced its results for the Q3 and the first 9 months of 2012. According to iStockAnalyst.com, the Company ...
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UK consumer goods group Reckitt Benckiser has recorded an increase in profits from its foods division in the first half of the year. In the six months to the end of June, the owner of French's mustard brand booked a 6.1% increase in ...
Tags: Reckitt Benckiser, foods division, food earnings climb
US retailer Weis Markets has booked an increase in third-quarter profits as a focus on productivity and "disciplined" promotions offset lower sales. Weis reported a 1.2% rise in net income to US$17.2m for the 13 weeks to 29 September. ...
Tags: Weis Markets, third-quarter profits, store-level productivity
Higher second-quarter earnings has led US spice maker McCormick & Co. to report an increase in half-year profits. McCormick reported a 3% rise in first-half net income to US$154.9m. In March, the company had booked a 3% decline in ...
Tags: McCormick, report an increase, higher operating profit
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 speciality food group Inventure Foods has attributed its third-quarter profits to rising sales of its frozen natural and health food products. Net income in the three months to 29 September increased to US$1.7m, compared a loss of ...
Tags: Frozen sales, Inventure Q3 gains, natural and health food
Lower margins from gas sales have hit half-year profits at US c-store retailer Casey's General Stores. Net income fell 6.7% to US$71.9m for the six months to the end of October despite higher sales. Casey's pointed to lower margins from ...
California-based natural and organic food group Annie's has booked an increase in first-quarter sales and earnings. The company said yesterday (24 July) that net income increased to US$2.1m, up from $1.8m, as sales surged 20% to $34.3m. ...
Tags: increased penetration, organic food group, sales and earnings, Annie's
US retailer Stater Bros. has reported a drop in third-quarter profits as an increase in costs offset higher sales. Stater Bros., which runs over 160 stores in California, booked net income of US$7.2m for the 13 weeks to 24 June. A year ...
Tags: Bros, third quarter profits, sales, food company
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 ...
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Belvedere Resources said its Hitura Nickel mine in Central Finland remained profitable in the third quarter despite slumping Nickel prices. Revenues for the quarter ended September 30 totaled EUR 6.82 million (CAD 8.49 million) versus EUR ...
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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