Turnaround at Carrefour Belgium: first operating profit in five years
Despite a declining market share and revenue under pressure, Carrefour in Belgium posted an operating profit last year for the first time since 2021. However, the retailer…
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Sharp drop in profits at WE Fashion
WE International, the parent company of the WE Fashion retail chain, suffered a sharp decline in profits last fiscal year. Despite its somewhat precarious financial situation, the…
Philip Morris Cuts Profit Forecast Again, Ramps Up Investment In Zyn
Philip Morris cut its annual profit forecast for the third time this year, hurt by intensifying competition and negative currency swings.
Greencore ups profit forecast on volume growth
Greencore has raised its forecast for a closely-watched profit metric after reporting volume growth the manufacturer said was ahead of the wider grocery market. The post Greencore…
JD Wetherspoon Issues Fourth Profit Warning
British pub chain J D Wetherspoon has issued its fourth profit warning this fiscal year, citing weaker sales and rising costs.
Seven in 10 brands have yet to fully integrate their core systems, risking reduced agility, operational drag and compromised profitability, says PMC’s study
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Retail profit warnings rise in Q2 as geopolitical turmoil hits trade
FTSE retailers recorded five profit warnings in Q2 as policy shifts and cost pressures weigh on UK businesses
High investments keep Picnic in the red
The Dutch online supermarket Picnic, which also operates in Germany and France, grew by a quarter last year but continues to incur substantial losses. “Profitability will come…
Shein’s £37bn IPO valuation under pressure as EU crackdown knocks growth
Shein could be forced to accept a lower valuation for its long-awaited Hong Kong float as new European import charges weigh on sales and profits. The online fashion giant is…
Sports Direct owner too busy with acquisitions to provide profit forecast
Frasers Group is not providing a profit forecast for the 2027 fiscal year at this time. The group cites the uncertainty surrounding the takeover attempts involving Hugo Boss and…
Frasers Group grows sales and margins despite pressure on adjusted profits
Frasers Group, which operates retail brands including Sports Direct, Flannels, Frasers, USC, Evans Cycles and GAME, delivered strong revenue growth and improved retail…
Frasers withholds profit guidance amid takeover uncertainty
Sports Direct owner warns of unpredictable outcomes from Hugo Boss and Accent bids