Kraft profit up
Kraft Foods' first-quarter net profit rose 41% to $1bn on net sales up 0.8% to $8.1bn. Net sales in the European Union fell 9.1% to $1.47bn during the period.
Danone has reported a 14.9% increase in first-quarter consolidated sales to E3,534m. Like-for-like group sales increased 9%, with fresh dairy product like-for-like sales up 9.5%, beverages up 11.8% and biscuit and cereal snacks up 3.5%.
Profit up 10%
Soft drinks giant Coca-Cola's first-quarter profit rose 10% to $1.1bn on sales largely flat at $5.23bn. The group attributed the increase to strong growth in China, Russia and Turkey.
Australian retailer Woolworths' sales from continuing operations for the third quarter to April 2 rose 22.7% to A$9.67bn. Supermarket sales excluding petrol rose 23.5% to A$7.4bn, while like-for-like sales at its food and alcohol stores in Australia rose 3.7%.
Russian grocery chain Pyaterochka's full-year pre-tax profit to December 31 rose 46% to $163m on net sales up 23% at $1,359m. The group, which last week revealed that it was merging with Russian chain Perekriostok, also said like-for-like group sales fell 1%.
US retail giant Wal-Mart has reinforced its commitment to RFID. Rollin Ford, Wal-Mart's new executive vice president and chief information officer, said at a recent summit: "RFID offers tremendous competitive advantage. It will transform the way we do business. There will be no slowing down."