All Financial Results articles – Page 12
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NewsCity snapshot: ‘Supermarket powerhouse’ Asda boosts annual sales and profits
Asda has generated underlying profits of more than £1bn as sales increased for four consecutive quarters in 2023. Plus, vape supplier Chill Brands suspends CEO amid regulatory concerns; and a full-year trading update from PayPoint.
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NewsCity News: B&M sales jump 10% but City remains unconvinced
Discount retail group B&M European Value reported an annual sales jump of over 10% this week, but concerns swirled in the City over the rate of growth slipping back in its final quarter despite a boost from the early Easter
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NewsAnother year of profit for Thorntons after closure of store estate
Chocolatier Thorntons has posted another year of profit growth after shuttering its loss-making store estate
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NewsSmol losses increase amid investment drive
Revenues raced 27% higher to £31.2m in the year to 30 June 2023 as it served more customers and registered higher spending, supported by new product launches, according to its latest accounts
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NewsMajor growers report turbulent weather toll
Results posted this month at Companies House by Huntapac Produce and Puffin Produce cited weather issues as key challenges to profitability
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NewsBiotiful Gut Health returns to profitability as kefir sales boom
Revenues jumped 22% to £23.8m in the year to 30 March 2023 at the market-leading kefir brand
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NewsCity snapshot: Danone posts ’good start to the year’ as Q1 sales rise
French dairy giant Danone has posted ‘broad based’ first quarter growth of 4.1% as sales volumes grew to start its financial year
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NewsCity snapshot: Inflation eases as crumpet and meat prices fall
Inflation has continued to ease in the UK as the price of certain food products started to fall. Plus, Just Eat Takeaway hailed a good start to its new financial year thanks to accelerating growth in the UK and Ireland
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NewsCity snapshot: B&M annual sales up 10% but growth slows in 2024
Discount retail group B&M European Value grew annual revenues by over 10% to £5.5bn, but the rate of growth has slipped back in the final quarter of its financial year
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NewsHeck back in profit after range reset
The brand reported an operating profit of £239k last year following a switch to more profitable SKUs
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NewsCity News: Tesco impresses City with jump in profits and share
The City gave a thumbs-up to Tesco this week in the wake of a double-digit jump in profits, driven by easing price inflation and continued market share gains
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NewsDivine Chocolate sees 10% sales drop amid category decline
Ethical chocolate maker Divine saw a near 10% sales decline last year as consumers shunned premium chocolate amid HFSS regulations and cost of living challenges
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NewsElla’s Kitchen loses share as cost-conscious families turn to own label
Ella’s Kitchen has seen its market share eroded as parents switched to cheaper own-label babyfood amid price sensitivity in the category
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NewsSimplyCook defies category woes to make first-ever profit
The company called 2023 a “watershed” year and said in its newly filed accounts that it moved into the black thanks to a “right-sized” plan, with lower marketing investment and disciplined cost management
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NewsCity snapshot: Distil fourth quarter sales drop as consumers cut back on spirits
Annual sales were up 17% at listed spirits brand Distil, despite a 47% fall in fourth quarter volumes amid consumer spending pressures
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Comment & OpinionA new dynamic as Tesco increases AI in supplier negotiations
In news its traditional supermarket rivals won’t want to hear, Tesco boss Ken Murphy revealed the retailer was pushing ahead with its next big project
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NewsTesco boss Ken Murphy announces AI-led Express store range review
Growing its market share has seen Tesco bring volume growth back to life in the second half of the year, and profit margins return to levels last seen before the pandemic
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NewsMinor Figures losses hit £10m in face of oat milk challenges in Asia
Losses have widened substantially at Minor Figures but the oat milk challenger said it was on the path to profitability after shifting focus away from Asia to growth markets in the UK and North America
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NewsCity snapshot: Focus on value wins over shoppers as Tesco reports bumper sales and profits
A ‘substantial’ easing of inflation has helped drive a double-digit increase in profits at Tesco as the supermarket boosted market share and saw volumes recover. Plus, full-year results for THG and a first-half trading update from Treatt
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NewsCity snapshot: Cake Box profits beat expectations
Cake Box has lifted profits ahead of market expectations thanks to a renewed marketing push, a brand refresh and a new online store