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Kraft Heinz writes down more than $1bn as first-half revenue slumps

Kraft Heinz writes down more than $1bn as first-half revenue slumps

12/08/2019 - 12:30
Kraft Heinz’s net income halved in the first six months of the year, the packaged food maker said as it wrote down the value of several business units by more than $1bn in results delayed by an internal investigation into procurement practices. read more
Quantum Foods earnings leap on lower input costs

Quantum Foods earnings leap on lower input costs

27/11/2017 - 10:25
Quantum Foods’s share price soared more than 17% after it announced strong full-year financial results. read more
Shoprite’s second-half sales in SA increase 7.2%

Shoprite’s second-half sales in SA increase 7.2%

13/01/2016 - 09:00
Shoprite Holdings increased turnover 8.8% from R57.5bn to about R62.5bn in the six months to December 2015, the company said in an operational update on Tuesday. read more
L'Oreal net profit rises to €3bn

L'Oreal net profit rises to €3bn

17/02/2014 - 10:20
Paris - L'Oreal, the world's largest cosmetics company, has said its net profit rose by 3.2% last year to €2.96bn ($4.0bn) on sales which rose by 2.3% to €22.98bn read more
Gap Q4 outlook tops expectations amid strong January

Gap Q4 outlook tops expectations amid strong January

10/02/2014 - 15:34
San Francisco -- Gap Inc. posted strong sales for January and issued a fourth-quarter profit forecast that topped expectations. read more
Tesco will meet lower profit range

Tesco will meet lower profit range

22/01/2014 - 11:20
London - Tesco, the world's third biggest retailer, said it was on course to meet a lowered range for full-year trading profit after another heavy drop in underlying sales in its main British market.  read more
Double digit growth for V&A Waterfront: 2013 Retail Trade Results Released

Double digit growth for V&A Waterfront: 2013 Retail Trade Results Released

17/01/2014 - 14:50
(Cape Town: 16 January 2013) The V&A Waterfront continued its 2013 double digit retail trade sales growth with a reported 20.6% increase in December. This marks 29 straight months of consistent growth since August 2011, and concludes 2013 with an impressive 19.8% year-on-year growth. read more
Best Buy holiday revenues fall 2.5%

Best Buy holiday revenues fall 2.5%

17/01/2014 - 09:24
Minneapolis – Best Buy Co., Inc. saw its revenues for the nine-week holiday period ended Jan. 4, 2014 fall 2.5% from the same period a year earlier. Holiday revenues for the 2013 season were $11.45 billion, compared to $11.75 billion in the 2012 season. read more
Mr Price slides on sales figures let-down

Mr Price slides on sales figures let-down

17/01/2014 - 08:14
Johannesburg - Discount retailer Mr Price failed to impress investors with a 15% rise in third-quarter sales on Thursday, reflecting the lofty expectations for one of Johannesburg's most expensive stocks. read more
Liquidity constraints hit OK Zimbabwe supermarket chain

Liquidity constraints hit OK Zimbabwe supermarket chain

07/01/2014 - 09:37
HARARE - Zimbabwe's largest supermarket chain by revenue and outlets, OK Zimbabwe (OK), says post-election uncertainty over policy direction coupled with low foreign direct investment inflows have resulted in increased liquidity constraints.  read more
Customers reward a better, stronger and clearer Pick n Pay

Customers reward a better, stronger and clearer Pick n Pay

23/10/2013 - 10:54
In an extremely competitive market, customers have responded positively to decisive action by Pick n Pay to improve the shopping trip. In the first six months to 01 September 2013, the company delivered an improved financial performance over the previous period, growing Group till sales (owned and franchise stores) by 8.1%.  read more
Planet Retail’s take on Tesco H1 results

Planet Retail’s take on Tesco H1 results

04/10/2013 - 15:45
On Tesco’s H1 results, David Gray, Retail Analyst at Planet Retail, commented: “As expected, Tesco reported a drop in UK like-for-like sales driven by subdued general merchandise sales, which are continuing to suffer, albeit like-for-like sales showed improvement in the second quarter. Nevertheless, food sales held up fuelled by warm weather in July/August alongside a new food-focused ‘Love Every Mouthful’ marketing campaign which launched during the half. We expect to see further positive news on food sales in the months ahead as improvements to product ranges come through.  read more
Namibia Breweries Limited earnings expected to be lower by N$190 million in September

Namibia Breweries Limited earnings expected to be lower by N$190 million in September

03/10/2013 - 12:31
Namibia Breweries Limited (NBL) said earlier in September that it expects basic earnings per share to be materially lower than the prior year by between 66% and 68% in the year ended 30 June. The company said in a trading statement published by the Namibia Stock Exchange that the decline is attributed to the impairment of a deferred tax asset related to DHN Drinks.  read more
Namibians continue to love their beer

Namibians continue to love their beer

23/09/2013 - 10:47
Namibians have continued to love the beer bottle with Namibia Breweries Limited (NBL) announcing that overall beer sales volumes on the local market grew at double digits, delivering a 12% growth in the year ended 30 June compared to the previous year.  read more
Woolworths reports strong results

Woolworths reports strong results

29/08/2013 - 08:34
Highlights • Turnover up 23.2% • Profit before tax up 27.1% • Headline earnings per share up 27.3% (52 weeks: 25.3%) • Return on equity up from 46.4% to 49.7% • Cash dividend of 148 cents declared  read more
 Clicks forecasts higher profits

Clicks forecasts higher profits

29/04/2013 - 10:20
Johannesburg - Clicks Group has said diluted earnings per share excluding one-time items will grow 5 to 10 percent in the year to end August amid weakening demand.  read more
Walgreens profit rises in Q2; unveils blockbuster partnership

Walgreens profit rises in Q2; unveils blockbuster partnership

20/03/2013 - 13:34
New York -- Walgreens reported a better-than-expected profit on flat sales for its second quarter Tuesday morning and unveiled an expanded partnership with AmerisourceBergen that could give the pharmacy operator an equity position and seat on the drug wholesaler’s board. read more
Mondi’s interim profit falls 21%

Mondi’s interim profit falls 21%

08/08/2012 - 09:51
Mondi Group posted a 21 percent decrease in its first-half earnings it said in results released yesterday. However, executives remain optimistic as they expected continued “robust cash generation” and a positive performance in emerging markets, which had outperformed its western Europe operations, the firm said in its results presentation for the six months to June. read more
Massmart boasts 15.2% sales rise

Massmart boasts 15.2% sales rise

12/01/2012 - 15:53
Johannesburg - Retail group Massmart Holdings [JSE:MSM] reported on Wednesday that the group's total sales for the 26 weeks to December 2011 had increased to R31.6bn, representing growth of 15.2% over the prior 26-week period, with year-to-date inflation estimated at 1.1%. read more
Massmart: Subdued sales growth

Massmart: Subdued sales growth

11/05/2011 - 09:15
RETAIL giant Massmart ’s total sales for the 44 weeks to May increased to R44,9bn, up 12,7% over the prior period, but this growth was inflated by the addition of new stores to the group. read more