European parcel tax hits Shein hard: prices rise, profits halve
The new European tax on low-cost packages is hitting Shein’s pricing model hard: operating profit fell by half in the first half of the year. The Chinese fashion giant is raising…
FMCG services news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Maersk Q2 Profit Surges Past Forecasts, Raises Outlook For Second Time This Year
Maersk smashed profit forecasts and raised its full-year earnings guidance for a second time this year due to higher freight rates.
Ralph Lauren calls for “optimism and aspiration” as profits jump 23%
Ralph Lauren has raised its full-year outlook after posting better-than-expected first-quarter results, driven by strong trading across its retail and wholesale channels…
Smurfit Westrock Downgrades Full-Year Profit Guidance On Freight Costs
Smurfit Westrock cuts its full-year profit forecast as higher freight costs are expected to persist for the rest of the year.
ADM Lifts 2026 Profit Forecast On Strong Margins, Favourable Biofuels Outlook
Archer-Daniels-Midland raised its 2026 profit outlook as it beat Wall Street estimates for second-quarter earnings.
Nichols sales rise as Vimto delivers strong international growth
Vimto owner Nichols has posted higher first-half sales and profit, driven by growth across its UK, international and out-of-home businesses. Group revenue increased 4.7 per cent…
UK's McBride Warns Profit To Miss Expectations As Iran War Drives Up Input Costs
Private-label manufacturer McBride warns FY26/FY27 profits will miss market views by 5%-10% as Iran war costs squeeze margins.