Australian Grocer Woolworths Beats Annual Profit Expectations
Woolworths flagged a strong start to the new fiscal year after beating annual profit expectations, sending its shares to a five-year high.
Actualité européenne des PGC
L’actualité de l’alimentaire, des boissons, de l’hygiène-beauté, de l’entretien, de la distribution et des services PGC, mise à jour automatiquement, avec un lien vers l’éditeur d’origine.
Canada's Metro Inc. Sees Q3 Profit Fall Due To Restructuring Costs
Canadian grocery and pharmacy retailer Metro Inc. reported a 34.6% annual drop in net profit in the third quarter of its financial year.
Beer giant Constellation Brands invests $100M in US farm profitability
The Modelo maker said the investment will help improve economic resiliency in key producing states, including Idaho, Montana and North Dakota.
Fierce competition weighs on Temu’s profits
PDD Holdings, the parent company of Chinese e-commerce discount retailer Temu, is seeing its profits decline due to fierce competition in its home market, while in the U.S. and…
Coty Sees Weak Quarterly Profit, Withholds Annual Forecasts In 'Transition Year'
Coty has forecast current-quarter earnings below expectations and withheld its annual outlook, calling fiscal 2027 a 'transition year'.
Libstar issues profit warning linked to impairments
South African food company Libstar has warned first-half earnings will decline, with impairments and other non-recurring items holding back profits. The post Libstar issues profit…
Alibaba profits hit by AI spending despite strong cloud growth
Alibaba has reported a sharp fall in quarterly profits as the Chinese technology giant ramps up investment in its AI infrastructure. The post Alibaba profits hit by AI spending…
Mamas & Papas secures refinancing after record year
Mamas & Papas has completed a refinancing deal aimed at supporting its next phase of growth after posting record sales and profit in its latest financial year. The nursery…
Specsavers profits jump as owners resume dividend payouts
Specsavers has resumed dividend payments to its parent company after profits surged by more than a quarter during its latest financial year. The company paid a £12m dividend to…
Newman’s Own bets on its purpose-driven heritage to engage millennials
Years after Paul Newman’s death, the brand’s new CMO sees opportunity in amplifying its use of good ingredients and that profits go to charities.
JD Sports lowers profit expectations although online sales grow
JD Sports has lowered its profit expectations for FY27 from £750-850 million to £700-800 million after a weak second quarter. The post JD Sports lowers profit expectations…
Luxury perfumes drive sales and profit growth at Estée Lauder
Rising demand for premium perfumes and strong performance in the key Chinese market have made Estée Lauder optimistic following an increase in revenue and profits during the past…