All Financial Results articles – Page 18
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NewsHiggidy sinks to a loss as inflation and bakery expansion hit savoury pastry maker
The upmarket savoury pastries brand was hit by disruption during a major bakery upgrade and experienced a massive spike in costs
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NewsCity snapshot: Deliveroo expands in DIY with Screwfix partnership
Deliveroo is betting on an expansion into non-food retail to boost future growth as the delivery firm reiterated its profit forecasts for the year ahead of the group’s first capital markets day today.
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NewsGreencore boss Dalton Philips signals further price increases amid soaring wages
The boss of sandwich maker Greencore has warned of potential further price hikes
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NewsCity snapshot: Greencore boosts revenues and profits as it passes on inflation
Greencore has boosted annual revenues and profits as it recovered cost inflation and also improved volumes. Plus, the latest inflation figures from the BRC, annual results at Treatt and half-year results at Supreme and Pets at Home.
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NewsBritvic shares slip despite a ‘resilient’ performance
The Robinsons squash maker grew full year sales by 6.6% to £1.75bn in the year to 30 September
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NewsRetail push helps Huel return to profitability
Meal replacement brand Huel has bounced back into profitability as its deepening push into retail bolstered the DTC pioneer’s customer base
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NewsCity snapshot: PZ Cussons trading in line as Nigerian business grows despite volatility
PZ Cussons has told the market it is trading in line with expectations amid a rebound in its Nigeria business despite volatility and currency devaluation in the country
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NewsBurts boosts sales with brand relaunch
A brand relaunch and investment in capacity helped premium snacking player Burts grow sales and profits last year ahead of its sale to Europe Snacks
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NewsCity news: Premier Foods impresses with bumper growth in half year results
Premier Foods shares were on the up again on Thursday as it upgraded profit expectations after maintaining bumper growth in its second quarter
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NewsAsda sales growth shrinks but so does its debt leverage
It represents a slowing of growth compared with its second quarter – when it saw like-for-like sales rise 9.6% – despite continued investment in lowering prices
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NewsCity News: Marks & Spencer hails massive growth but keeps forecast cautious
Marks & Spencer “blew the bloody doors off” with its first half results, enthused one analyst, but the strong outperformance didn’t lead to upgraded forecasts
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NewsTetley owner profits hit by soaring costs
The group delivered a 7% rise in annual revenues to £140.5m in the year to 31 March 2023, with growth across its key markets of the UK, Canada and Australia
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NewsInternational growth boosts sales but hits Butternut Box profits
Fast-growing fresh online dogfood operator Butternut Box almost doubled sales last year thanks to international expansion, but losses reached almost £25m as it continued to plough cash into growth
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Comment & OpinionBooths ripping out self-service tills is counter-cultural but comes at a cost
There’s no doubt that, as supermarkets have introduced more SSCOs, there has been growing disaffection
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NewsCity snapshot: B&M posts double digit sales and profit growth
B&M Bargains owner B&M European Value Retail has posted a double-digit hike to sales and profits in the first half as organic growth and new store openings boosted performance. Plus updates from WH Smith, Tate & Lyle, Domino’s Pizza Group, Henkel and Chapel Down
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NewsCity snapshot: M&S profits jump as food sales soar
Marks & Spencer’s pre-tax profits before adjustments jumped 75% in the first half of the year as it benefited from strong food sales and better than expected consumer sentiment
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NewsCity news: Sainsbury’s shares buoyed by market share gains
Sainsbury’s shares were buoyed this week by a higher than expected earnings projections as market share gains boosted sales in its first half results
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Comment & OpinionFood and drink supplier profit margins below 4%? Now that’s unsustainable
The Grocer OC&C 150 charts an alarming decline in food and drink profit margins
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NewsBeyond Meat to axe staff in turnaround attempt
Embattled vegan brand Beyond Meat is planning to axe 19% of its non-production employees in a move to drastically reduce costs
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NewsCity snapshot: Sainsbury’s ups profit guidance following market share gains
Sainsbury’s has said it expects to hit the upper end of previous profit guidance after making strong market share gains in the first half as it put food “firmly at the heart” of the business