more results news & analysis – Page 50
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Sales boost shrinks Iceland’s annual losses but its finances stay in the red
The latest accounting period included an advance of £108.5m to Iceland’s family shareholders’ holding company, WDFF, in order for them to pay Brait SE for the return of the business to full family ownership
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City Snapshot: Positive start for Cranswick on strong meat demand in supermarkets
Meat producer Cranswick has continued to benefit from strong demand in supermarkets over the summer, as well as the beginnings of a recovery for food-to-go and foodservice sales as Covid-19 restrictions eased further.
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Unilever and Fever-Tree feel weight of mounting costs
Unilever on Thursday warned mounting costs would leave full-year margins flat even as it outstripped City expectations
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City snapshot: Premier Foods forecasts profits at top end of expectations after ‘encouraging’ start to year
Premier Foods’ first quarter sales were at the ’top end of expectations’ despite falling back 13.2% year-on-year
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City snapshot: Unilever warns over rising costs despite strong growth
Unilever has posted stronger than expected second quarter underlying sales growth of 5%, but warned mounting cost inflation will hit margin growth
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Coca-Cola ups guidance on strong second quarter rebound
Soft drinks giant Coca-Cola has upped its full year guidance as sales roared back in its second quarter as coronavirus restrictions have eased across the globe
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Momentum gathers at Vimto owner Nichols as lockdown ends
Vimto maker Nichols is seeing good momentum returning to its out-of-home business thanks to the easing of lockdown restrictions, hot weather and demand driven by England’s performance at the delayed Euro 2020.
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City Snapshot: Vimto maker Nichols returns to sales and profits growth as Covid restrictions end
Revenues and profits have returned to strong growth at soft drinks supplier Nichols thanks to the easing of lockdown restrictions and continued demand for the Vimto brand. Plus, Bakkavor reports ready meals and other prepared foods back at pre-pandemic levels.
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Parsley Box boss Kevin Dorren confident in long-term growth of DTC model
Parsley Box CEO Kevin Dorren told The Grocer he is confident about the long-term viability of the DTC model in the face of investor scepticism.
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Eagle Eye boosted by retail reopenings
Grocery tech firm Eagle Eye has enjoyed a strong end to the year as the lifting of Covid restrictions helped customers such as Pret a Manger increase transactions. Group revenues rose 12% to £22.8m in the year ended 30 June, with adjusted EBITDA up 28% to £4.2m, ...
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City Snapshot: Parsley Box sales soar in H1 but board warns of slowdown as Covid restrictions end
Revenues at DTC meal delivery firm Parsley Box have soared following its IPO earlier this year as the pandemic continued to drive the number of customers using the service to record levels. However, its shares have tanked 20% this morning on worries over the long-term sustainability of the DTC model as Covid restrictions are fully lifted in the UK.
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Weetabix benefits from Covid breakfast boom to see sales rise
A resurgence of breakfasting during the pandemic helped Weetabix grow sales and profits last year, though pantry loading and reduced on-the-go consumption have hit volumes so far in 2021
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Farmdrop sinks further into the red despite soaring pandemic sales
Fresh produce delivery service Farmdrop lost a further £10m last year despite a spike in sales during the pandemic, leading its auditor to warn it requires significant funding to continue
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First Milk sees revenue and profit growth in ‘strong’ financial year
The dairy co-op saw operating profit grow by 8%, while turnover hit just under £300m
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City snapshot: Just Eat Takeaway.com ups growth expectations after strong second quarter
Takeaway delivery giant Just Eat has raised its full year growth expectations after first half orders jumped 61%
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Covid and poor potato crop hit trading at McCain GB
Frozen potato giant McCain saw drop in annual sales and fell to a loss last year as Covid hit its out of home sales and it suffered from a poor potato crop
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City Snapshot: SSP Group chief executive Simon Smith quits Upper Crust owner
SSP Group chief executive Simon Smith has quit his role at the Upper Crust and Ritazza owner to pursue opportunities elsewhere. Plus, trading updates from Finsbury Food Group, Science in Sport and McBride.
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Superdrug and Savers accounts reveal impact of lockdowns
Superdrug saw high street footfall plummet 75% during the first national lockdown, while Savers saw a 60% decline
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Warburtons boosted by Covid demand and push into non-bread
Warburtons’ sales and profits soared last year thanks to a spike in demand for core bakery products in the pandemic and an ongoing push into non-bread
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MFG profits improve despite £1.1bn pandemic sales decline
The pandemic cost forecourt giant Motor Fuel Group £1.1bn in sales last year, but profits nevertheless improved as its grocery convenience sales boomed