Company results in the fmcg & grocery sectors


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The Fast 50’s ingredients to fuel growth Subscription

The more agile and innovative your business, the faster it grows. That’s the lesson of The Grocer’s 2017 Fast 50

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pukka tea blackcurrant beauty

Pukka Herbs' losses mount despite 28% jump in annual sales Subscription

15 Jun 2018 | By Alec Mattinson

Revenues continued to soar at organic herbal tea brand Pukka Herbs, but losses mounted in the year leading up to its acquisition by Unilever.

Food Warehouse

Food Warehouse expansion drives 8% Iceland annual sales rise Subscription

15 Jun 2018 | By Henry Saker-Clark

Sales at Iceland rose 8% for the year ending 30 March 2018 driven by the expansion of its Food Warehouse concept and improved organic growth in the fourth quarter.

Tesco shopper checkout

City snapshot: Tesco first quarter like-for-likes up 2.1% Subscription

15 Jun 2018 | By Henry Saker-Clark

Tesco’s growth plans are firmly “on track” after it reported a tenth consecutive quarter of growth, with UK like-for-like sales up 2.1% in the first quarter. Plus, sales at Iceland rose 8% for the year ending 30 March 2018 with like-for-likes up 2.3% and all the rest of the latest news from the City.

Majestic Store

City snapshot: Majestic Wine back in the black despite “challenging” home market Subscription

14 Jun 2018 | By Alec Mattinson

Majestic Wine has posted a full year pre-tax profit of £8.3m after reported a loss of £1.5m last year as the improved performance of its Naked Wines business boosted the bottom line. Plus, PZ Cussons warns Nigerian economic troubles will hit profits, NWF Group reports year head of expectations and all the rest of the latest news from the City. 

frozen veg

Profits up at Fullers Frozen Food after 5.7% sales increase Subscription

13 Jun 2018 | By Henry Saker-Clark

Sales at Fullers Frozen Foods jumped up 5.7% to £285m in 2017 from £269m, driving up profits despite cost increases

Coca-Cola Zero Sugar Tastes More Like Coke ad

City snapshot: CCEP faces rising costs due to UK sugar levy Subscription

13 Jun 2018 | By Henry Saker-Clark

Coca-Cola European Partners will today tell investors that revenue is growth for the year is expected to be in the “low-single digits” but that the recent UK soft drinks levy will add 4% to its costs. Plus, Deliveroo is to rapidly expand across the UK and increase its restaurant numbers by around 50% and all the rest of the latest news from the City. 

British American Tobacco Cigarettes

City snapshot: Currencies weigh on first half earnings at British American Tobacco Subscription

12 Jun 2018 | By Henry Saker-Clark

British American Tobacco said its first half-year trading was in line with expectations but warned that currency exchange rates would inhibit growth. Plus, the latest on Poundworld’s plunge into administration and all the rest of the latest news from the City.

dr oetker

Dr Oetker profits fall 31% after cost increases Subscription

12 Jun 2018 | By Henry Saker-Clark

Frozen food supplier Dr Oetker has seen profits fall on the back of cost increases despite a 2.4% rise in sales

filippo berio olive oil

Commodity cost increases and weak pound hit profits at Filippo Berio Subscription

08 Jun 2018 | By Henry Saker-Clark

Premium olive oil supplier Filippo Berio saw a fall in profits despite 8% sales growth as it was impacted by increasing commodity costs and a weaker pound

Ready meals company founder Charlie Bigham

Charlie Bigham's adds capacity as it records 18% profits rise Subscription

08 Jun 2018 | By Henry Saker-Clark

The upmarket ready meal manufacturer saw pre-tax profits rise to £4.1m for the year ending 31 August 2017, after sales rose 7.5%

WH Smith 5 SWINDON

WH Smith exceeds expectations with solid third quarter sales Subscription

08 Jun 2018 | By Alec Mattinson

WH Smith’s “profit-focused strategy” seems to be winning more friends in the City than it has on the high street

Peter's pies and pastries

Pies & pastries supplier Peter's embarks on refinancing deal Subscription

08 Jun 2018 | By Henry Saker-Clark

Welsh pies and pastries supplier Peter’s is undergoing an emergency ­multimillion refinancing after falling to a pre-tax loss of £2.6m last year

Harrods Food halls Windows

City snapshot: Remy Cointreau upgrades earnings expectations Subscription

07 Jun 2018 | By Alec Mattinson

French spirits group Remy Cointreau has increased its sales and profits targets after posting a 14.1% increase in operating profits last year. Plus, new CFO for Irish agri-services group Origin Enterprises and all the rest of the latest news from the City.

WH Smith

City snapshot: Travel sales jump boosts WH Smith in third quarter Subscription

06 Jun 2018 | By Henry Saker-Clark

An 8% jump in WH Smith’s travel arm has helped its overall group sales rise 4% in the third quarter while gross margin continued to improve. Plus, cold weather and higher fuel prices hit Applegreen’s early 2018 performance, currency inflation boosts profits at Zambeef and all the rest of the latest news from the City.

Henderson Group results

Henderson Group hails 8.5% sales rise as 'tremendous' Subscription

01 Jun 2018 | By Emily Bright

Henderson Group CFO Ron Whitten heralded the results as “a tremendous performance”

Costco

City snapshot: Costco third quarter sales miss expectations Subscription

01 Jun 2018 | By Alec Mattinson

Shares in global retail group Costco have slipped in the US despite a 12.1% third quarter sales boost as growth fell short of market expectations. Plus all the rest of the latest news from the City.

asda checkout web

City snapshot: Asda annual profits drop 13% as investment in price weighs on bottom line Subscription

31 May 2018 | By Alec Mattinson, Andrew Don

Asda has posted a 13% drop in annual operatings profits as it invested in price and new products to regrow sales. Plus, Supermarket Income REIT has bought the Tesco Extra supermarket in Scunthorpe, plus all the rest of the latest news from the City.

B&M Bargains

Heron Foods deal boosts annual earnings at B&M Subscription

30 May 2018 Updated: 31 May 2018 | By Henry Saker-Clark

B&M European Value Retail blew off turmoil on UK high streets as its annual profits jumped 25.4%.

kerrygold

Ornua Foods bounces back into black with £7.1m profit Subscription

29 May 2018 | By Rachel Graham

The dairy co-op saw total revenue hit £319m for the year to 30 December, up 11.6% on the previous year

M&S

Cautious welcome for M&S results Subscription

25 May 2018 | By Alec Mattinson

A profits slump of 62% is seldom welcome news in the City

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