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'.
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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…
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…