All Financial Results articles – Page 86
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NewsCity snapshot: Unilever sales volumes fall as it hikes prices
Unilever’s underlying growth fell back to 2.5% in the third quarter as sales volumes fell back as the consumer giant hiked prices. Plus, Pernod Ricard rebounds on hospitality reopenings and all the rest of the latest news from the City.
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Comment & OpinionThe agile giants: how Nestlé and P&G demonstrate the power of being big
Two of the fmcg market’s largest players have provided further evidence of the growing benefits of scale
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NewsCity Snapshot: Nestlé enjoys ‘strong’ organic growth thanks to price hikes and return of OOH
Rising prices, continued elevated demand at supermarkets and a recovery in the out-of-home channel has helped Nestlé boost organic growth by 7.6% in the first nine months of 2021. Plus, Deliveroo updates on Q3; and UK inflation rate slows down in September.
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NewsP&G faces $2.1bn commodity hit as first quarter margins slide
US consumer giant Procter & Gamble has posted a 5% rise in first quarter net sales, but warned it faces a $2.1bn headwind from higher commodity prices and a further $200m due to freight costs.
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NewsBoots sees comparable retail sales rise 15% in quarter four
The sales uplift has largely driven a strong performance for parent Walgreens Boots Alliance, according to the health and beauty retailer
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NewsProfit warnings rise in grocery industry as supply chain challenges bite
Profit warnings by UK listed companies in consumer-facing sectors, including retail and grocery producers, accounted for more than a third of those issued between July and September
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NewsDTC petfood specialist Butternut Box sees sales more than double
Dogfood subscription specialist Butternut Box saw revenues surge by 114% to more than £23m last year
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NewsSt Pierre Groupe sees growth in UK rocket
UK growth at St Pierre Groupe continues to accelerate, outpacing its success in the US, as a raft of new listings continue to bear fruit
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NewsAt-home cooking boom drives soaring sales and profits at Filippo Berio
New accounts state Covid had a ‘significant positive impact’ on the business
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NewsFresca Group shrugs off challenges of pandemic to post big rise in profits
The grower described its performance for the 2020/21 year as “overwhelmingly positive” but warned of “headwinds” to come
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NewsCrediton Dairy sees lockdown sales and profits hike
The Devon-based dairy drinks specialist saw sales climb by 17% to £87.3m for the 52 weeks to 2 January
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NewsHighland Spring: logistics crisis slowing recovery from Covid
Bottled water brand Highland Spring has blamed the logistics crisis for inhibiting its sales rebound from a Covid-depressed 2020
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NewsCity snapshot: Store openings drive sales increase for Poundland owner Pepco Group
Poundland owner Pepco Group has grown its full year revenues by almost 20% as significant store expansion and like-for-like sales growth despite the Covid pandemic boosted performance. Plus, boar shake-up at British Honey Co and VAT changes hit growth at Domino’s.
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NewsCity Snapshot: Just Eat continues to thrive as world returns to normal
Growth at Just Eat Takeaway has remained “strong” in the third quarter despite large parts of the world retunring to pre-pandemic life. Plus, THG comments on yesterday’s dramatic 35% share price fall; Nestle changes its geographic zone structure; and Kerry Group kicks off its virtual capital markets day.
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NewsKP Snacks grows sales and profits despite Covid hit
McCoy’s and Tyrrells producer KP Snacks overcame the collapse in out-of-home snacking to grow revenues and hike profits last year
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NewsCity Snapshot: Treatt sales boom post-lockdown
Drinks ingredients firm Treatt has reported a strong finish to the financial year as it benefitted from the ongoing trend for healthy living. Plus, Asos CEO Nick Beighton steps down.
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NewsBurton’s Biscuits posts double-digit sales jump on Covid retail growth
Burton’s Biscuit Co saw a double-digit sales jump last year as soaring exports and strong grocery retail performance mitigated closures in the food service sector
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NewsCity News: Tesco brushes off supply chain challenges with profit expectations hike
The supermarket leader hiked its full-year profits expectations
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NewsQuorn sales hit by foodservice slump and capacity constraints
Meat-free brand Quorn saw its growth hit by capacity constraints and a slump in foodservice sales last year
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NewsTesco profits boosted by strong UK sales and Booker rebound
Tesco has hiked its profits expectations this year after strong UK sales and the sharp recovery of Booker boosted its first half performance.