more results news & analysis – Page 84
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NewsCity snapshot: Sales and profits slide at Morrisons as it warns of rising costs
Morrisons saw like for like sales fall 3.7% in the second quarter against “tough” year on year comparatives, while first half pre-tax profits fell by more than a third due to Covid costs and business rates.
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NewsSpanish food wholesaler Mevalco sees record sales post-pandemic
The wholesaler told The Grocer it had been performing at record levels on a consistent week-on-week basis since lockdown ended in May
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NewsJW Filshill sees profits more than double as convenience boom offsets Covid costs
Turnover jumped 23% to £191m in the year to 31 January 2021
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NewsPoundland sales and profits tumble after lockdowns hit footfall
Turnover for the year to 27 September 2020 was down 4.5% to £1.48bn, while operating profit plummeted from £26.7m to £8.6m
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NewsBorder Biscuits takes pandemic hit from out-of-home sales slump
Premium snacks supplier Border Biscuits saw a double-digit drop in sales last year as the coronavirus pandemic hit out-of-home sales, but expects to return to growth this year as the out-of-home market reopens.
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NewsCity News: WH Smith recovery set back by profit warning
A mixed update said trading in the eight weeks to 28 August had been better than expected
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NewsAsda confirms plans for hundreds of convenience stores on EG forecourts
Twenty-eight ‘Asda on the Move’ stores are to open on EG Group forecourts this year, with a target of 200 by the end of next year and more in 2023
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NewsSouth Caernarfon Creameries racks up record profit
The Welsh business shrugged off pandemic-based challenges to post operating profits of £3.4m in its latest accounts
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NewsCity snapshot: CCEP sales rebound as easing of Covid restrictions boosts consumption
Coca-Cola Europacific Partners has reported ‘strong’ first half performance as volumes recovered in the second quarter as coronavirus restrictions eased across key territories.
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NewsCity Snapshot: WH Smith sales rebound as lockdown ends but travel recovery still uncertain
WH Smith has performed better than expected as customer numbers at its travel sites and high street stores slowly recovered with Covid restrictions easing over the summer. Plus, the latest BRC-NielsenIQ shop price index, Pernod Ricard reveals full-year figures, and SSP Group updates on CEO succession search.
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NewsBurts sustains growth surge despite foodservice sales fall
Premium crisps brand Burts Snacks maintained its surging growth last year despite a collapse in foodservice sales
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NewsCity Snapshot: EG Group profits surge as Covid restrictions ease
Profits have returned to strong growth at forecourt giant EG Group as customer numbers recovered from the pandemic lows of a year ago.
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NewsArla expecting stormy end to year, despite strong H1 results
The dairy co-op said its recent milk supply chain issues were expected to continue over the coming weeks, potentially impacting H2 results
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NewsCity Snapshot: Delivery Hero revenues surge but losses edge upwards
German food delivery firm Delivery Hero posted surging sales in the first half of 2021, although its EBITDA losses remained at over €330m as it continued to invest in growth
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NewsCity Snapshot: UK supermarket sales rise as grocery shopping shifts back instore
Total till sales in the grocery sector bounced back to growth of 1.1% in the most recent four weeks as physical stores benefited from a 10% slump in online grocery sales.
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NewsCity Snapshot: Sainsbury’s shares rocket on takeover speculation
Shares in Sainsbury’s have ballooned more than 9% to a three-year high after speculation emerged in the weekend papers that the supermarket group was the next target of US private equity group.
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NewsCity News: McBride issues major profit warning as costs mount
The private-label cleaning goods producer downgraded its full-year profit expectations by up to 65% on Thursday
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NewsEight Fifty Food Group sales and profits rose ahead of Sofina deal
Sales and profits soared at Eight Fifty Food Group in the run-up to the takeover by Canada’s Sofina Foods as the Karro and Young’s owner benefited from Covid-fuelled demand, a growing premium offering, access to China and efficiencies.
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NewsWaitrose ‘only major retailer in growth’ as grocery sales slip
Sales at the retailer were up 0.6% in the 12 weeks to 8 August
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NewsCity snapshot: McBride issues profits warning on rising costs
Household goods manufacturer McBride has slashed its earnings expectations by up to 65% as mounting input and transportation costs hit its bottom line.