All Financial Results articles – Page 85
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NewsCity News: Sainsbury’s bumper profits not enough to offset Argos concerns
Continued strong grocery performance was not enough to reassure investor concerns over increasing costs and tumbling Argos sales.
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NewsTunnock’s profits crash after missing pandemic biscuit boom
The business ceased production at its Uddingston factory in South Lanarkshire on 24 March 2020 for six weeks.
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NewsCoconut Collaborative sees sales grow by 29%
The yoghurt alternative brand’s sales rose from £11.9m in 2019 to £15.2m in 2020.
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NewsCity snapshot: Sainsbury’s profits jump despite second quarter sales slowdown
Sainsbury’s has posted a strong rebound in first half profits on continued grocery growth despite a wider like for like sales slowdown in its second quarter
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NewsMondelez upgrades sales outlook as it hikes prices to battle inflation
Cadbury owner is the latest fmcg giant to highlight the role of price increases as the industry continues to battle inflation
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NewsCity Snapshot: Pets at Home boss Peter Pritchard to leave pet care retailer
Pets at Home Group CEO Peter Pritchard is to leave the retailer after 11 years with the business. Plus, Coca-Cola HBC reports strong Q3.
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NewsCity snapshot: HelloFresh raises growth expectations on continued strong sales
Meal kit supplier HelloFresh has upped its full year sales forecast after continued strong customer and revenue growth in its third quarter
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NewsHopes rise for Reckitt Benckiser after troubled pandemic performance
The Dettol maker raised its full-year revenue forecast after a stronger third quarter than forecast
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NewsTyphoo sets sights on return to profit after rationalising range
The tea supplier almost halved losses in the run-up to recent investment
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NewsJames Convenience Retail sales and profits suffer due to pandemic
The retailer temporarily closed 12 shops for a period of the financial year due to the pandemic
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News‘Transformed’ CJ Lang doubles pre-tax profits as sales grow 9%
In the past year, the company has invested more than £2m in the rollout of its overarching food-to-go brand
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NewsCarlsberg 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.
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NewsKraft 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.
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NewsCity snapshot: AB InBev raises profit forecast as sales exceed pre-pandemic levels
The world’s largest brewer AB InBev has raised its full year profit expectations after sales surged past pre-pandemic levels on volume and price growth in its third quarter. Plus updates from C&C Group, Virgin Wines and DS Smith.
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NewsCity 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.
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NewsCity 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.
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NewsNestlé 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
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NewsKanes 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
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NewsLabour and supply chaos reflected by profit warning hike
Overall, 65% of consumer-facing profit warnings cited cost or supply issues in the third quarter
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NewsCentral 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