more results news & analysis – Page 11
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NewsB&M shares tumble after profit guidance cut
B&M’s trading over the Christmas period was weaker than expected
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NewsCity snapshot: Tesco and M&S celebrate a record Christmas as shoppers splash out
Tesco and Marks & Spencer have revealed strong Christmas numbers this morning as consumers splashed out on premium ranges for the big day. Plus, Christmas trading updates from Hilton Food Group, B&M Bargains and Greggs, with the latest shop price inflation data from the BRC and NielsenIQ
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NewsM&S ‘the top performing store-based grocery retailer’ in Christmas ‘golden quarter’
Food sales were up 8.7% in the 13 weeks to 28 December, and 8.9% up on a like for like basis
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NewsTesco delivers ‘biggest ever’ Christmas as shoppers splurge on Finest range
Tesco has delivered its “biggest ever” Christmas as Britain’s biggest retailer lowered festive prices and won shoppers from rivals
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NewsYeo Valley’s margins squeezed in ‘fiercely competitive marketplace’
Yeo Valley acknowledged ‘the sometimes competing forces’ of paying a fair price to farmers while keeping retail prices low
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NewsHome Bargains’ turnover and profits soar as store estate grows
The retailer opened 31 new stores in 2024 and is set to launch a ‘highy automated’ new one million sq ft distribution centre in spring
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NewsWilliam Jackson Foods posts £1.5m loss
The Abel & Cole owner called it ‘another challenging year’
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NewsDuerr’s chalks up record profits as inflation eases
F Duerr called it a ‘vastly improved sales and profit result’ after several difficult years
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NewsMeek Christmas fails to save 2024 retail trading
UK retail sales increased by just 0.7% last year after a weak final quarter, as non-food sales remained in decline despite persistent inflation
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NewsTyphoo Tea creditors owed £100m with PE owner taking large hit
Typhoo Tea owed creditors close to £100m at the time of its collapse late last year, with its private equity owner taking a massive hit, new documents from administrators have revealed
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NewsMeadow Foods profits slow after sale to Fairfax Financial
Transaction costs of more than £3m from the sale reduced profits, however the underlying business remained ‘strong’, Meadow stressed
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NewsDriver death fine puts cidermaker Westons in the red
Westons was fined £1.4m over two health and safety breaches that resulted in a fatality
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NewsMüller takes £65m hit to profits from Milk & More sale
The dairy giant stressed the Milk & More-linked losses were a one-off with the overall performance of the business in 2023 ‘strong’
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NewsCity snapshot: Walkers’ revenue jumps despite volume struggles
Walkers Crisps has lost more sales this year after average prices increased 4.1%, according to The Grocer’s Top Products survey.
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NewsBerry Bros & Rudd sees sales and profits slide on ‘turbulent’ year
A ’challenging year’ in the US was partly to blame for the results
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NewsPoundland returns to £1 price point roots in a bid to get trading ‘back on track’
The retailer has filed a trademark application for ‘Home of the £1’ and is using the slogan in a new campaign
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NewsPoundland owner suffers net €662m loss, citing UK discount chain’s ‘weak performance’
Poundland’s like-for-like sales were down 3.6% in the latest set of dismal results for the brand
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NewsBuckfast sales jump despite ‘unprecedented’ duty hike
Sales of Buckfast jumped by 11.8% last year despite the fortified wine brand facing an “unprecedented” duty increase and pressures from the rising cost of living
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NewsCity snapshot: Naked Wines’ revenue slide enters another year
Naked Wines is losing both new and old customers but despite its struggles, says its turnaround plan is working. Also, Tesco achieves its highest market share since December 2017.