All Financial Results articles – Page 50
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NewsCity News: Virgin Wines issues profits warning as it struggles with new customers and costs
Virgin Wines was the latest company to fall foul of soaring costs this week
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NewsRiverford Organic sees 45% sales spike due to lockdown DTC demand
Soaring demand for home delivery during the pandemic saw sales at upmarket veg box provider Riverford Organic spike by 45%, taking revenues past £100m
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NewsElla’s Kitchen sales rise throughout and in wake of pandemic
Revenues at the brand rose 1.6% to £72.7m in the year ended 30 June 2021.
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NewsSpar enjoys ‘buoyant’ sales over Christmas
MD Louise Hoste put the performance down to “the location of stores, a well-stocked range and great availability”
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NewsCity snapshot: SSP Group sales recovery hit by Omicron
Travel food retail specialist SSP Group has reported a “good” start to its financial year, though its recovery in revenues was hit in December and January by the spread of the Omicron variant. Plus, Carlsberg 2021 revenues top pre-Covid sales, UK footfall remains supressed and all the rest of the latest news from the City.
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NewsCity snapshot: Virgin Wines issues profits warning on rising costs
Online wine merchant Virgin Wines has issued a profits warning due to the ’uncertain trading environment’ and ’increased cost pressures’. Plus Nestle buys US-based plant-based player, updates from Compass Group and Cranswick and all the rest of the latest news from the City
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NewsHeura sales soar as it expands consumer reach across the globe
Plant-based brand Heura has more than doubled revenues as its growing range reached more consumers across the world
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NewsCity snapshot: Diageo resurgence underpinned by on-trade recovery
Diageo has reported double digit rises in sales and profits as the recovery in the on-trade was boosted by market share gains and premiumisation trends. Plus trading updates from FeverTree, Britvic and Greencore.
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NewsAvara Foods sees turnover fall but profitability improve in ‘solid’ results
However, the poultry giant has warned its latest accounting period could prove more challenging
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NewsCity Snapshot: Pets at Home raises profits guidance as shoppers splurge on Christmas presents for pets
Pets at Home Group has lifted its profit expectations after a bumper Christmas as momentum picked up during lockdown carried on throughout 2021. Plus, Premier Foods appoints Tania Howarth, former COO at Nomad Foods, to its board.
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NewsCity snapshot: Rémy Cointreau sales surge amid ‘exceptional’ spirits market
French spirits group Rémy Cointreau has posted sales growth of 21% in its third quarter as demand for cognac rebounded.
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NewsCake Box shares tumble after reporting errors uncovered
Shares in AIM-listed bakery chain Cake Box have tumbled almost 22% today after it admitted “inconsistencies” in its financial reporting
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NewsMy Fabulosa reports doubling of sales as it shakes up household
Founder and MD James Sharpe told The Grocer the company was on track to continue its meteoric growth in 2022.
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NewsCity snapshot: Omicron hits Christmas retail sales
UK retail sales fell back over the crucial Christmas period as Omicron kept shoppers away from stores.
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NewsAF Blakemore forecasts 20% uptick in sales by end of financial year
The wholesaler praised the effective planning and additional capacity generated from its new Bedford distribution centre for keeping up with demand
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NewsCity snapshot: Premier Foods ups profits guidance on continued branded growth
Premier Foods saw sales edge back from elevated levels last year in its third quarter, but has upgraded its earnings expectations on continued strong trading so far in its financial year. Plus trading updates from ABF and Deliveroo and all the rest of the latest news from the City.
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NewsCity Snapshot: WH Smith recovery stalls as Omicron hits travel stores
The emergence of the Omicron variant stalled the recovery at the WH Smith travel business, but it still put “a good performance” on the high street in the run up to Christmas. Plus, UK inflation surges in December and trading updates from Science in Sport and Devro.
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NewsCity snapshot: THG margins fail to meet expectations as revenues surge past £2bn
THG has said its 2021 profit margins will be below market expectations, but has pointed to a recovery in 2022 amid continued strong revenue growth. Plus, Hotel Chocolat raises expectations following strong festive sales growth.
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NewsTesco opens new UFCs as online expansion steps up a gear
The Grocer can reveal the latest site will be the Horwich Extra store, in Bolton
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NewsCity rewards Sainsbury’s over the big winners of Christmas Tesco and M&S
If Tesco and Marks & Spencer were the big listed grocery winners of Christmas, they received scant reward from the City this week, which sent shares down on their Christmas trading updates