All Financial Results articles – Page 14
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NewsCity snapshot: Resurgent Tesco and Sainsbury’s supports first-half profit growth at Supermarket Income REIT
Property investor Supermarket Income REIT has boosted operating profits by 18% to £45m in the first half following a 10% increase in rent at the company to £104.7m
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NewsCity snapshot: Domino’s Pizza grows sales and profits as costs ease
UK takeaway franchise player Domino’s Pizza group posted a rise in order count and sales last year on new store openings and increased market share
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Comment & OpinionHow do you solve a problem like meal kits?
HelloFresh should focus on its core, affluent, loyal and happy customers, of which there are fewer, but are worth more
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NewsSome green shoots for food companies despite fall in confidence
In the last quarter of 2023, half of SMEs reported business conditions had deteriorated
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NewsGreggs is a ‘well-oiled machine’ as sales and profits soar
The public’s appetite for sausage rolls and baked slices has remained steady despite the pressures of the cost of living crisis, as shown in bumper results from Greggs this week
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NewsLindt & Sprüngli improves margins on double-digit sales growth
Global confectionery giant Lindt & Sprüngli has posted double-digit sales growth and margin improvement last year, helped by price increases and a rebound in travel retail
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NewsCity snapshot: Vimto appeal boosts Nichols in 2023
Soft drinks group Nichols has hailed a “strong” performance in 2023 as the strength of the Vimto brand in the UK and overseas boosted revenues and profits. Plus, Premier Foods will suspend deficit contribution payments from the 1 April and Science in Sport issues a full-year trading update
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NewsEG Group sees full-year profits dip as fuel prices fall
Forecourt giant EG Group saw full-year profits dip last year on lower fuel prices and ‘oil volatility’
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NewsCity News: Reckitt Benckiser shares slump after ‘unsatisfactory’ results
Consumer goods giant Reckitt Benckiser saw its share slump this week as its 2023 sales underperformed City expectations following an “unsatisfactory” fourth quarter.
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NewsNomad Foods predicts 2024 volume growth as frozen trend rebounds
The Birds Eye owner has surpassed expectations with a record financial performance last year, with the frozen foods giant forecasting a return to volume growth in 2024
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NewsHeura turnover boosted by Waitrose listing in 2023
Plant-based brand Heura has boosted turnover by more than 20% to €38.3m (£32.8m) in 2023, helped by growth of 81% in the UK as its listing in Waitrose bolstered the Spanish-headquartered business
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NewsCity snapshot: Ocado remains in the red despite revenue rise
Ocado posted a £394m annual loss last year, despite a 9.9% rise in revenues as the cost of technology and rolling out its operations internationally continue to weigh on its bottom line
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NewsBeyond Meat shares rally as vegan brand plots higher prices and better margins
Shares in Beyond Meat have shot up by 45% as the plant-based foods group signalled a move to raise its prices and highlighted improving margins as a result of cost cutting
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NewsAvara posts second year of big losses amid ‘challenging’ environment for poultry
The poultry giant said price hikes did not fully offset its overall increase in production costs
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NewsCity snapshot: Reckitt Benckiser disappoints amid falling volumes and a weak Q4
Consumer goods giant Reckitt Benckiser has performed below City expectations in 2023 as like-for-like revenues declined 1.2% in a “unsatisfactory” fourth quarter. Plus, Just Eat Takeaway and Glanbia report full-year results
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NewsCity News: Nestlé shares suffer as inflation knocks consumer demand
Nestlé shares suffered this week after it posted weaker than expected sales amid a drop in volumes, as inflation hit demand
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NewsHalewood sees £33m revenue decline as it refocuses spirits portfolio
Premium drinks player Halewood Artisanal Spirits saw annual losses grow to over £20m amid a refocus on its core UK branded portfolio and the shedding of low-margin products.
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NewsCity snapshot: CCEP posts annual growth of 8% despite dip in sales volumes
Coca-Cola Europacific Partners has posted annual constant currency growth of 8% despite a dip in overall sales volumes
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NewsCharlie Bigham’s growth slows as straitened shoppers buy less
Volumes were flat in the year ended 31 August 2023, compared with double-digit gains in the prior 12 months
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NewsCity snapshot: Nestlé sales volumes fall back as price inflation hits demand
Nestlé has posted a drop in annual sales volumes as “unprecedented inflation” hit consumer demand for its food and beverage products. Plus results from Danone and an acqusition from CCH