All Financial Results articles – Page 85
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NewsTH Clements boosts sales and narrows losses despite weather challenges
The major brassica grower’s improved performance came about despite the impact of extreme flooding in 2019
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NewsCoca-Cola revenues boosted by vaccine rollout and economic reopening
Coca-Cola has posted a 5% rise in first quarter net revenues as its performance improved in key markets where vaccine availability increased and economies are opening up
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NewsBooker sales surge despite Covid catering impact
The wholesale giant enjoyed a 18.5% jump in retail sales as more shoppers turned to convenience stores during the crisis
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NewsCity News: Deliveroo woes grow as shares fall again
Deliveroo posted record first quarter numbers in its first update as a listed company, but investor concerns remain about a 2021 slowdown
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NewsGail’s owner Bread Holdings benefits from quality demand
Shopper demand for better-quality bread in supermarkets during lockdown has helped the premium bakery group behind Gail’s offset some of the sales losses incurred in the pandemic
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NewsScotmid Co-op results reveal sales up 6.2% to £409m
Society’s trading profts increased by 14.3% to £6.4m
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NewsCity snapshot: Deliveroo orders soar in first quarter ahead of 2021 slowdown
Newly listed Deliveroo has posted a 130% jump in first quarter turnover, but the delivery giant pointed to dramatic slowdown for the rest of the year. Plus Naked Wines’ sales soar on US growth and THG posts £482m loss despite strong growth.
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NewsKen Murphy: Tesco in ‘no hurry’ to end social distancing
Tesco predicted it would face at least another £200m of pandemic costs in the current financial year
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NewsCity snapshot: Tesco profits sink by 28% as Covid costs bite
Profits at Tesco have plunged by more than £700m despite sales rocketing as the supermarket incurred Covid-related costs of almost £900m. Plus, Tesco appoints the CEO of Kingfisher and a former Sainsbury’s chief digital and marketing officer to its board.
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NewsCity snapshot: Record year for Cake Box despite Covid disruption
Cake retailer Cake Box is set to report a record year despite the challenges of ongoing lockdowns throughout 2020 and 2021. Plus, drinks ingredients group Treatt updates the market on first-half trading and Russian food retailer X5 acquires a dark kitchen operator.
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NewsBuckfast warns of slowdown despite sales passing £50m
Newly filed accounts for Buckfast distributor J Chandler & Co said momentum had slowed in 2020/21
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NewsCo-op won’t pay back business rates relief due to ‘disproportionate Covid costs’
It claimed it incurred a disproportionate increase in costs associated with coronavirus measures compared to larger supermarkets
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NewsHilton sees revenues surge to £2.8bn amid Covid-19 home cooking boom
Hilton said it had seen progress in Europe across all its red meat, fish, vegetarian & vegan and fresh food lines
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NewsCity snapshot: Retailers celebrate sweet Easter as shoppers stock up on chocolate
Shoppers treated themselves as lockdown restriction began to ease in the run up to Easter, spending £439m on chocolate and sweets over the last month, according to the latest data from NielsenIQ. Plus, the increase in home cooking boosts Hilton Food Group in 2020.
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NewsCity Snapshot: COVID drives double-digit quarterly sales slump at Boots
The coronavirus outbreak has continued to hit sales at high street pharmacy retailers Boots as growing online and pharmacy revenues have failed to mitigate a dramatic drop in footfall.
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Comment & OpinionWalgreens Boots Alliance raises guidance after better-than-expected second quarter
Walgreens Boots Alliance has reported better than expected growth in its second quarter and raised its earnings per share guidance for the year
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NewsCity News: McColl’s sales fail to flow to bottom line
The chain’s total sales for the 53 weeks to 29 November were up 3.2% to £1.26bn
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NewsCity Snapshot: Margins improve at Compass Group despite revenue slump
Compass has announced a continued improvement in profit margins despite an ongoing slump in revenues as the coronavirus outbreak continues to hit sales across its business.
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NewsCovid demand drives General Mills sales even higher
The US-headquartered group, which owns brands such as Cheerios, Nature Valley, Häagen-Dazs, Betty Crocker and Old El Paso, reported an 8% jump in net sales
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NewsCity Snapshot: McColl’s profits slide despite Covid sales boom
Strong customer demand during the coronavirus pandemic led to double-digit like-for-like sales growth at McColl’s last year, but consumer shift to lower margin products and investment in price hit profits