All Financial Results articles – Page 34
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News
City News: Sainsbury’s boosted Q1 sales not enough to offset inflation fears
Sainsbury’s tumbling share price received some respite this week after it posted better-than-expected first-quarter sales figures – but fears over the impact of the cost of living crisis continue to weigh on the stock
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Analysis and Features
Is Beyond Meat beyond hope? And what its slump says about the other plant-based players
Beyond Meat was on fire following its 2019 IPO, yet it’s since crashed and burned. The fall raises questions for the entire plant-based sector
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News
Warburtons sales juggernaut rolls on but profits hit by increasing costs
UK bakery giant Warburtons held on to sales gains from the pandemic spike last year, but profit margins were hit by mounting costs
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News
Haribo boosted by rebound in impulse
Haribo grew domestic UK sales last year despite “challenging” conditions for the category, with double-digit growth in early 2022 as impulse sales have rebounded
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News
Over a third of Poundland’s sales are not at £1, accounts show
The newly filed full-year accounts to September also reveal Poundland’s acquisition of 100% shareholding in Poundshop.com came at a purchase price of £1
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News
Typhoo losses mount but “transformation is underway”, says new boss
New accounts at Companies House revealed “extremely challenging” trading in the 18 months to 30 September 2021.
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News
Kitwave sales up 50% as ‘return to normality’ drives growth
The north east-based operator also said it saw pre-tax profits recover to £5.6m in the six months to 30 April 2022 from a £3.5m loss
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News
Sainsbury’s CEO Simon Roberts vows to support staff ahead of Living Wage vote
Earlier this year, the grocer became the first listed business to be hit with a shareholder resolution to become an accredited Living Wage employer
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News
City snapshot: Sainsbury’s sales slide amid ‘intensifying pressure’ on household budgets
Sainsbury’s sales fell back in its first quarter as both grocery and general merchandise sales fell as it warned of “intensifying pressure” on household budgets. Plus, new CFO for B&M and trading updates from Chapel Down and Surpreme.
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News
City snapshot: Pret a Manger back in the black as sales recovery continues
Pret a Manger has returned to profitability thanks to a strong recovery in revenues as the food-to-go sector continued its revival following the end of Covid restrictions.
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News
City News: B&M shares fail to be boosted by solid first quarter
B&M European Value Retail shares failed to receive much of a boost despite better-than-expected first-quarter sales, as fears persisted over the impact of inflation on its customer base
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News
Happy Egg Co owner Noble Foods reports £30m loss as egg sales ‘soften’
Results posted at Companies House for Noble’s main shell egg business revealed year-on-year turnover dropped by 9.5% to £282.7m
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News
Boots transformation plan gathers momentum as shoppers return to stores
Boots has continued its post-pandemic recovery as sales growth accelerated and a transformation programme progressed in the third quarter, owner Walgreens Boots Alliance revealed today.
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News
Poundstretcher returns to profit as CVA reaps rewards
Operating profit rose to £88.3m in the 12 months to 31 March 2021, up from a £45.3m loss the previous year
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News
Morrisons sales slump amid ‘very challenging’ trading environment
An update to investors for the 13 weeks ended 1 May revealed a 6.4% decline in like-for-like sales in the second quarter
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News
City snapshot: Food inflation ramps up in June as fresh prices accelerate
Food prices have raced to a new 11-year high, according to the latest shop price index from the BRC and NielsenIQ. Plus, McBride secure banking covenant waiver as it continues to battle with soaring costs; B&M issues first-quarter update; and Moonpig reveals full-year results.
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News
Holland & Barrett sees UK sales drop £10m as Covid effects continue
Pre-tax profits jumped from £5.7m to £43.6m as the group consolidated online revenues
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News
City Snapshot: Higher prices provide boost to PZ Cussons sales
Personal care group PZ Cussons has continued to make progress in its turnaround as its new strategy. Plus, full-year results from Cake Box and the latest innovation from Parsley Box.
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News
City snapshot: Naked Wines moves back into profit as it cuts marketing spend
Naked Wines has posted revenue growth a move back into profitability despite inflationary challenges as it cut investment in new customer acquisition.
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News
City Snapshot: ABF sales soar on food price increases and Primark reopening
Group revenues at ABF increased 32% to £4bn as all Primark stores reopened following the ending of lockdown restrictions and it hiked prices in its grocery and ingredients divisions. Plus, Deliveroo appoints a new CFO.