April growth
Wal-Mart has reported strong sales growth for April. Group like-for-like sales in the four weeks to April 29 increased 6.8%. Like-for-like sales at Wal-Mart stores in the US increased 7.3%, while like-for-like sales at its discount warehouse, Sam's Club, increased 3.8%.
Profit down
Sara Lee Corporation's third-quarter net profit to April 1 fell from $189m to $42m on net sales down 1% at $3.79bn. The group also revealed that it was in negotiations for Smithfield Foods to buy its European meats business.
Turnaround
US grocer The Great Atlantic & Pacific Tea Company's net profit for the year to February 25 rose to $393m from a loss of $188m the year before, on US sales down $0.3bn to $7bn. US like-for-like sales increased 0.5% during the year and 1.4% in the fourth quarter. Losses in the fourth quarter, however, were up from $5.7m to $39.1m.
Carlsberg up
Danish brewer Carlsberg's first-quarter operating profit to March 31 was DKK83m (£7.63m), after a DKK22m loss the year before. Net sales were up from DKK7.4bn to DKK7.8bn this year.
5% increase
Russian brewer Baltic Beverage Holdings' first-quarter earnings before interest and tax increased 5% to E41m on net sales up 15% to E342m. The brewer, a joint venture between Carlsberg and Scottish & Newcastle, said it continued to invest in consumer-facing activity.
Ahold review
Dutch retailer Ahold is to conduct a review of its retail operations. The review, led by Dick Boer, president and CEO of Albert Heijn Arena, is aimed at developing recommendations to drive and fund sales volume growth across its global businesses.
Set to float
Russian food retailer Dixy Retail is to float on the London Stock Exchange. Reports suggest that Citigroup and Deutsche Bank have been appointed to handle the listing.
Wal-Mart has reported strong sales growth for April. Group like-for-like sales in the four weeks to April 29 increased 6.8%. Like-for-like sales at Wal-Mart stores in the US increased 7.3%, while like-for-like sales at its discount warehouse, Sam's Club, increased 3.8%.
Profit down
Sara Lee Corporation's third-quarter net profit to April 1 fell from $189m to $42m on net sales down 1% at $3.79bn. The group also revealed that it was in negotiations for Smithfield Foods to buy its European meats business.
Turnaround
US grocer The Great Atlantic & Pacific Tea Company's net profit for the year to February 25 rose to $393m from a loss of $188m the year before, on US sales down $0.3bn to $7bn. US like-for-like sales increased 0.5% during the year and 1.4% in the fourth quarter. Losses in the fourth quarter, however, were up from $5.7m to $39.1m.
Carlsberg up
Danish brewer Carlsberg's first-quarter operating profit to March 31 was DKK83m (£7.63m), after a DKK22m loss the year before. Net sales were up from DKK7.4bn to DKK7.8bn this year.
5% increase
Russian brewer Baltic Beverage Holdings' first-quarter earnings before interest and tax increased 5% to E41m on net sales up 15% to E342m. The brewer, a joint venture between Carlsberg and Scottish & Newcastle, said it continued to invest in consumer-facing activity.
Ahold review
Dutch retailer Ahold is to conduct a review of its retail operations. The review, led by Dick Boer, president and CEO of Albert Heijn Arena, is aimed at developing recommendations to drive and fund sales volume growth across its global businesses.
Set to float
Russian food retailer Dixy Retail is to float on the London Stock Exchange. Reports suggest that Citigroup and Deutsche Bank have been appointed to handle the listing.
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