All Financial Results articles – Page 10
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News
Lotus Natural Foods sales jump 25% amid export growth
The UK snacking arm of Belgian group Lotus Bakeries saw sales jump 25% in the first half of 2023 as its brand continued to grow share in the UK and push into new markets
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News
City News: Deliveroo shares jump on profits upgrade
Deliveroo shares were on the up on Thursday despite the takeaway giant cutting its growth forecast, as the City reacted approvingly to increased revenue from fewer customers
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News
City snapshot: Deliveroo ups earnings guidance despite slowing growth
Deliveroo has upgraded its profit guidance for the year despite falling order numbers amid “challenging macroeconomic conditions”
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News
Ramsden International returns to profitability despite Brexit disruption
Ramsden International has bounced back to the black despite another challenging year
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News
Coca-Cola HBC lifts growth prospects after better-than-expected first half
Drinks bottler Coca-Cola HBC has hailed a “very good” first-half performance as volumes proved resilient despite higher prices.
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News
Beyond Meat shares hammered as sales plummet in Q2
Beyond Meat cut losses in the second quarter thanks to lower costs following mass redundancies made in 2022
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Comment and Opinion
Beyond Meat’s plunging results are not the final blow for plant-based
Beyond Meat revealed plunging second-quarter sales of almost a third, driven by shoppers’ diminishing appetite for the plant-based meat
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News
Parfetts sales hit record £634m in latest financial year
The wholesaler said the results had come after a year of investment into protecting retailer margins through an expanded promotional programme
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News
City News: Diageo a ‘mixed bag’ as US sales slowdown worries investors
Spirits giant Diageo eased back this week despite posting double-digit annual sales growth, as falling volumes and a sales slowdown in its key US market raised investor concern
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News
City snapshot: Bud Light boycott hits AB InBev’s US sales
The world’s largest brewer suffered a sharp sales drop in the US amid political controversy over a Bud Light marketing campaign, to reduce overall sales volumes in its second quarter
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News
City snapshot: CCEP proposes $1.8bn acquisition of Coca-Cola Beverages Philippines
Coca-Cola Europacific Partners is in advanced talks to buy the Philippino Coke bottler from the Coca-Cola Company in a deal that could be worth $1.8bn. Plus, first-half results from Haleon and Kerry Group.
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News
2 Sisters firmly in the red amid supply chain woes
Turnover improvements were largely driven by inflation, said the business, which warned inflationary pressures had continued into 2023
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News
City snapshot: Diageo posts double-digit annual growth on strong pricing
Spirits giant Diageo has posted net sales growth of 10.7% driven by price rises and premiumisation, which mitigated a drop in sales volumes. Plus sales jump at Greggs, AG Barr CEO to step down, food inflation falls and all the rest of the news from the City
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News
City snapshot: Heineken cuts profit expectations as drinkers balk at higher prices
Heineken has lowered profit forecasts for the year after a weaker-than-expected first-half performance as higher prices put off drinkers.
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News
City News: Unilever beats expectations but falling market share concerns City
Unilever shares were buoyed increasing margins and sales that beat expectations in the first half, but concerns were raised over its falling market share as pricing hampered volumes
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News
Warburtons profits hit by soaring input costs
Soaring input costs have slashed profits at baker Warburtons, though it has continued to grow sales in a “very competitive” market
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News
Oatly shares collapse as plant-based brand drastically cuts growth forecasts
Oatly shares have crashed once again as the embattled plant-based group drastically cut its sales outlook for the year
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News
City snapshot: Nestlé raises sales guidance on strong first half pricing
Nestlé has raised its full year sales outlook after better than expected price-driven growth in the first half of the year. Plus Britvic buys two bolt-on drinks brands and Ocado Solutions CEO steps down
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Comment and Opinion
Why Unilever’s bumper profits are not all they seem
The news of Unilever’s near-double digit first-half sales growth and improved margins raised some eyebrows yesterday amid regulatory scrutiny of food and drink suppliers
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News
Castell Howell turnover grows by 48% following Covid recovery
Turnover for the financial year rose from £112m to £166m, following a successful post-pandemic recovery