All Financial Results articles – Page 45
-
News
Carlsberg upgrades 2021 profits guidance as reopening of pubs boosts Q3
Danish brewer Carlsberg has lifted its profit forecasts for the year thanks to a better-than expected performance in the third quarter and start of the final three months of 2021 as drinkers returned to pubs and restaurants.
-
News
Kraft Heinz price hikes lifts 2021 profits expectations
Kraft Heinz has raised profit expectations for the year as a hike in prices and sustained at-home demand helped the US food giant battle escalating inflation.
-
News
City Snapshot: Heineken warns of price rises as it battles on several fronts
Dutch brewing giant Heineken is the latest fmcg group to warn of higher prices in the face of rising costs and supply chain challenges as volumes slumped in its third quarter. Plus, Morrisons shares have been delisted from the London Stock Exchange, with a number of the board stepping down; food inflation accelerates in October; and Kerry Group updates on Q3.
-
News
City snapshot: Reckitt raises sales expectations as cold and flu sales rebound
Reckitt Benckiser has raised its full year revenue forecast after a stronger third quarter than expected as sales volumes and pricing both increased in the period. Plus, THG strenghtens board as third quarter growth slows.
-
News
Nestlé leads the pack of consumer giants growing despite inflation
Global fmcg players proved this week mounting inflation is not necessarily a barrier to growth, but warned that consumers will have to get used to higher prices
-
News
Kanes Foods reports £12m pandemic hit but says sales have bounced back
Salad bowl and prepared veg supplier Kanes Foods suffered a £12m drop as the pandemic ravaged the food-to-go sector, but is now trading above pre-Covid levels
-
News
Labour and supply chaos reflected by profit warning hike
Overall, 65% of consumer-facing profit warnings cited cost or supply issues in the third quarter
-
News
Central England Co-op sees sales dip against ‘dramatic spike’ of March 2020 lockdown
Sales remained 4.3% above pre-pandemic levels, totalling £458.1m during the first six months of 2019
-
News
City snapshot: Unilever sales volumes fall as it hikes prices
Unilever’s underlying growth fell back to 2.5% in the third quarter as sales volumes fell back as the consumer giant hiked prices. Plus, Pernod Ricard rebounds on hospitality reopenings and all the rest of the latest news from the City.
-
Comment and Opinion
The agile giants: how Nestlé and P&G demonstrate the power of being big
Two of the fmcg market’s largest players have provided further evidence of the growing benefits of scale
-
News
City Snapshot: Nestlé enjoys ‘strong’ organic growth thanks to price hikes and return of OOH
Rising prices, continued elevated demand at supermarkets and a recovery in the out-of-home channel has helped Nestlé boost organic growth by 7.6% in the first nine months of 2021. Plus, Deliveroo updates on Q3; and UK inflation rate slows down in September.
-
News
P&G faces $2.1bn commodity hit as first quarter margins slide
US consumer giant Procter & Gamble has posted a 5% rise in first quarter net sales, but warned it faces a $2.1bn headwind from higher commodity prices and a further $200m due to freight costs.
-
News
Boots sees comparable retail sales rise 15% in quarter four
The sales uplift has largely driven a strong performance for parent Walgreens Boots Alliance, according to the health and beauty retailer
-
News
Profit warnings rise in grocery industry as supply chain challenges bite
Profit warnings by UK listed companies in consumer-facing sectors, including retail and grocery producers, accounted for more than a third of those issued between July and September
-
News
DTC petfood specialist Butternut Box sees sales more than double
Dogfood subscription specialist Butternut Box saw revenues surge by 114% to more than £23m last year
-
News
St Pierre Groupe sees growth in UK rocket
UK growth at St Pierre Groupe continues to accelerate, outpacing its success in the US, as a raft of new listings continue to bear fruit
-
News
Fresca Group shrugs off challenges of pandemic to post big rise in profits
The grower described its performance for the 2020/21 year as “overwhelmingly positive” but warned of “headwinds” to come
-
News
Crediton Dairy sees lockdown sales and profits hike
The Devon-based dairy drinks specialist saw sales climb by 17% to £87.3m for the 52 weeks to 2 January
-
News
City snapshot: Store openings drive sales increase for Poundland owner Pepco Group
Poundland owner Pepco Group has grown its full year revenues by almost 20% as significant store expansion and like-for-like sales growth despite the Covid pandemic boosted performance. Plus, boar shake-up at British Honey Co and VAT changes hit growth at Domino’s.
-
News
City Snapshot: Just Eat continues to thrive as world returns to normal
Growth at Just Eat Takeaway has remained “strong” in the third quarter despite large parts of the world retunring to pre-pandemic life. Plus, THG comments on yesterday’s dramatic 35% share price fall; Nestle changes its geographic zone structure; and Kerry Group kicks off its virtual capital markets day.