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…
European FMCG news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
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…
JD Sports cuts profit guidance as footwear sales slow in Q2
Group organic sales fell 1.3%, while like-for-like sales dropped 3.1%
JD Sports is struggling in the U.S.
The British retailer JD Sports is seeing its revenue continue to decline and expects lower profits, primarily due to weak consumer confidence in the U.S. In Europe, however, the…
Estée Lauder Forecasts Strong Annual Profit On Resilient Fragrance Demand
Estée Lauder forecasts profit above Wall Street estimates as premium fragrance demand and China growth support its turnaround.
CMA warns fuel retailers over slow price cuts as margins remain high
Fuel retailers have been criticised by the CMA for failing to pass falling wholesale costs on to motorists quickly enough, as the competition watchdog warned that profit margins…
Carlsberg can rely on soft drinks and non-alcoholic beverages
Carlsberg is raising its profit forecast despite a disappointing first half of the year. The Danish brewer is seeing synergies from the acquisition of soft drink maker Britvic…
Brewer Carlsberg Upbeat On Annual Profit Despite H1 Miss
Carlsberg forecast full-year profit towards the upper end of its previous guidance range even as it missed half-year estimates.