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China's thirst for cognac helps Remy Cointreau top profit forecast

China's thirst for cognac helps Remy Cointreau top profit forecast

07/06/2019 - 10:02
Remy Cointreau handed investors a special dividend payout after reporting a stronger-than-expected 14% rise in annual operating profit, helped by cost cuts and robust demand for its premium cognacs in China. read more
Mr Price Group's shares rally on annual results

Mr Price Group's shares rally on annual results

31/05/2019 - 10:16
Mr Price Group’s shares opened sharply higher after the company raised its annual dividend thanks to better earnings. read more
Tiger Brands reports lower sales in wake of the listeriosis crisis

Tiger Brands reports lower sales in wake of the listeriosis crisis

22/05/2019 - 09:29
Tiger Brands, which was named as the culprit in the 2018 listeriosis outbreak, says sales in the six months to end-March edged lower because of a slump in processed-meat sales and weak revenues from outside SA. read more
Spar lifts dividend after 'strong' interim performance

Spar lifts dividend after 'strong' interim performance

15/05/2019 - 08:53
Spar Group has hiked its half-year payout to shareholders by 5.2% on the back of “a strong performance” in the six months to end-March. read more
Clover set to return to profit in year to June

Clover set to return to profit in year to June

13/05/2019 - 10:15
Clover, which makes dairy-based foods and beverages, says it will return to profit in the year ending June 2019 after making its first annual loss in more than a decade in the prior year. read more
Morrisons books 3rd straight year of profit & sales growth

Morrisons books 3rd straight year of profit & sales growth

13/03/2019 - 13:36
Morrisons has recorded another year of growth in sales and profit as chief executive David Potts boasted that the Big 4 grocer’s turnaround scheme was “well on track”.  read more
Shoprite shareholders to tighten belts

Shoprite shareholders to tighten belts

26/02/2019 - 15:11
Shoprite shareholders have had their interim dividend cut 24% as the grocery chain battles with losses from outside SA, and shrinking profit in its home market. read more
Shoprite falls 17% as market reacts to profit warning

Shoprite falls 17% as market reacts to profit warning

30/01/2019 - 10:59
Shoprite's share price fell 16.6% to R148.83 on Wednesday morning when the market reacted to a trading update it released at 5.30pm on Tuesday. read more
Edcon is looking for white-knight investors

Edcon is looking for white-knight investors

21/12/2018 - 08:34
Troubled clothing retailer Edcon confirmed it is in talks with new investors in its efforts to ensure its survival. read more
Superdry blames warm weather as shares plunge on warning

Superdry blames warm weather as shares plunge on warning

14/12/2018 - 10:02
Superdry shares plunged more than a third after the British fashion chain warned on profits for the second time in less than three months, blaming unusually warm weather for hitting sales of winter jackets and jerseys. read more
Superdry half-year profits drop by 49%

Superdry half-year profits drop by 49%

13/12/2018 - 10:13
Superdry has revealed a massive drop in underlying profit in its interim results despite an uptick in overall revenue, as the fashion retailer conceded it had a “difficult first half”. read more
Mr Price boosted by improved perception

Mr Price boosted by improved perception

27/11/2018 - 08:23
Improved consumer perception of Mr Price's quality and fashion helped it grow sales and profit in the first half of its 2019 financial year. read more
Liquor and drugs boost Spar's sales

Liquor and drugs boost Spar's sales

15/11/2018 - 15:07
Ireland was JSE-listed Spar’s best performing region, helping to offset sales and profit declines in Switzerland. read more
Adidas laces up improved profit outlook despite lagging Europe sales

Adidas laces up improved profit outlook despite lagging Europe sales

08/11/2018 - 09:15
German sporting-goods maker Adidas lifted its profit expectations for 2018 after a “strong” third quarter saw brisk global demand for its sportswear and sneakers, but sales in western Europe slipped. read more
Pernod Ricard’s profits boosted by growing sales in Asia

Pernod Ricard’s profits boosted by growing sales in Asia

30/08/2018 - 09:59
Pernod Ricard has recorded strong profit growth in its 2017-18 full-year results, thanks to sales growth in India and China and the pronounced growth of its Martell cognac and Jameson whisky brands.  read more
Times are tough — but not for Distell

Times are tough — but not for Distell

24/08/2018 - 13:38
Distell’s 29% jump in net profit for the year to end-June demonstrated once again that when times get tough, the tough get laagered. read more
Amazon's youthful units drive profit to double analysts' estimates

Amazon's youthful units drive profit to double analysts' estimates

27/07/2018 - 12:43
Amazon.com forecast strong northern hemisphere autumn sales and posted a profit that was double Wall Street targets thanks to the retailer’s younger, higher-earning businesses, including cloud computing and advertising. read more
H&M plans further price cuts as it struggles to get a handle on unsold stock

H&M plans further price cuts as it struggles to get a handle on unsold stock

29/06/2018 - 15:08
H&M plans to cut prices further as supply problems hamper the Swedish company’s ability to respond to fast-changing fashion demand, swelling its stockpiles of unsold clothing. read more
Verimark delivers excellent growth performance

Verimark delivers excellent growth performance

23/05/2018 - 08:36
South Africa’s market-leading direct retail group, Verimark, today announced that notwithstanding the challenging economic environment in South Africa, the company has delivered one of its best performances to date, as reflected by growth in sales and profitability for the year ended 28 February 2018.  read more
How to build a better sales compensation plan to drive profitable growth

How to build a better sales compensation plan to drive profitable growth

15/05/2018 - 15:46
How do you improve your sales compensation plan to ensure you drive profitable growth? Here are the challenges to overcome and the best practices to follow.  read more
Choppies shows growth in sales and profit in delayed interims

Choppies shows growth in sales and profit in delayed interims

26/04/2018 - 11:28
SE-listed, Botswana-based grocery chain Choppies’ share price jumped 8.3% to R2.60 after it released its delayed interim results, showing 22% growth in both sales and net profit.  read more
Pernod Ricard’s full-year earnings get boost from China’s New Year

Pernod Ricard’s full-year earnings get boost from China’s New Year

19/04/2018 - 15:34
Growth in profit from recurring operations will be about 6%; the Chivas Regal maker’s shares rose as much as 1.8% in early trading in Paris. read more
Verimark shares soar after upbeat trading statement

Verimark shares soar after upbeat trading statement

12/04/2018 - 13:45
Marketer Verimark’s share price jumped 26% to R1.02 after it issued an upbeat trading statement. read more
Listing helps boost Sea Harvest profit

Listing helps boost Sea Harvest profit

07/03/2018 - 16:03
Sea Harvest, the recently listed fishing enterprise controlled by Brimstone Investment Corporation, netted a sizeable profit haul in the year to end-December. read more
Distell looks to Africa to double its revenue and profit

Distell looks to Africa to double its revenue and profit

26/02/2018 - 14:01
Liquor giant Distell, controlled by investment group Remgro, is still pursuing an ambitious target of doubling revenue and profit in five years. read more
Pernod Ricard records 25% profit increase in half-year results

Pernod Ricard records 25% profit increase in half-year results

09/02/2018 - 13:45
Drinks company Pernod Ricard has recorded a 25% net profit increase in its 2018 half-year results, following a reduction in expenses during this period. read more
H&M reports biggest profit drop in six years

H&M reports biggest profit drop in six years

31/01/2018 - 12:05
Hennes & Mauritz reported its biggest drop in profit in six years, adding pressure on CEO Karl-Johan Persson, who is trying to right the ailing Swedish clothing chain after recent slip-ups. read more
Hugo Boss achieves goals for 2017 following strong sales

Hugo Boss achieves goals for 2017 following strong sales

17/01/2018 - 15:21
Upmarket fashion retailer Hugo Boss has “achieved goals for 2017” following strong sales in its final quarter, as it pushes on with its turnaround strategy.  read more
Woolworths down on poor sales

Woolworths down on poor sales

16/01/2018 - 09:46
The Woolworths share price dropped nearly 9% on Monday as the retailer reported poor sales in some of its businesses and lower headline earnings per share. read more
Edcon reports profit improvement despite decline in sales

Edcon reports profit improvement despite decline in sales

14/11/2017 - 17:04
Unlisted retail group Edcon reported on Tuesday that its net profit improved by 3.8% to R2bn, although sales declined in the September quarter from the matching period in 2016 read more
Pioneer’s shares fall after profit warning

Pioneer’s shares fall after profit warning

23/10/2017 - 10:34
Pioneer Foods’s share price fell 6% to R110.62 after it warned shareholders its earnings for the year to end-September had halved. read more
Verimark achieves revenue and gross profit growth

Verimark achieves revenue and gross profit growth

12/10/2017 - 10:08
South Africa’s market-leading direct retail group, Verimark, has achieved positive revenue growth. The Group’s total revenue from continuing operations increased by 13.7% to R209.7 million (2016: R184.4 million).  read more
No incentive payments for Woolworths executives

No incentive payments for Woolworths executives

04/09/2017 - 13:17
The Woolworths top management will not receive Christmas bonuses as the retailer failed to achieve profit targets. read more
Estée Lauder shares leap on strong profit forecast

Estée Lauder shares leap on strong profit forecast

21/08/2017 - 14:32
Cosmetics maker Estée Lauder forecast full-year profit ahead of analysts’ estimates and posted higher than expected quarterly results, driven by strong demand for its brands such as MAC, Tom Ford, La Mer and Smashbox. read more
Heineken first-half earnings beat estimates, operating profit up 5.9%

Heineken first-half earnings beat estimates, operating profit up 5.9%

31/07/2017 - 10:21
Heineken NV, the world’s second-largest brewer, reported first-half profit that beat analyst estimates, helped by warm summer weather in Europe and growing demand for more expensive beers in Asia. read more
J&J raises full-year profit forecast on quarterly earnings

J&J raises full-year profit forecast on quarterly earnings

19/07/2017 - 13:42
On Tuesday, Johnson & Johnson (J&J) raised its full-year profit forecast and reported better-than-expected quarterly earnings, helped by strong demand for its newer products. read more
Africa makes winning case for Steinhoff

Africa makes winning case for Steinhoff

09/06/2017 - 12:06
Steinhoff’s African and East European assets outperformed the group’s operations elsewhere. The performance of the African assets, in particular, highlighted the case for a separate listing to unlock shareholder value. read more
Steinhoff reports increase in first-half operating profit

Steinhoff reports increase in first-half operating profit

07/06/2017 - 12:25
Global retailer Steinhoff reported on Wednesday that interim operating profit to end-March rose 13% to €903m. read more
Spar Switzerland fails to deliver on promise as sales tumble

Spar Switzerland fails to deliver on promise as sales tumble

01/06/2017 - 09:42
Spar’s move into Switzerland — aimed at providing stability and growth to offset difficult local trading conditions — has not lived up to expectations yet with Swiss operations reporting mixed interim results. read more
Spar cuts dividend despite rising profit and revenue

Spar cuts dividend despite rising profit and revenue

31/05/2017 - 12:43
Grocery chain Spar cut its interim dividend by 6% to R2.40 from the matching period’s R2.55, despite growing revenue and profit. read more
Verimark more than doubles its full-year profit

Verimark more than doubles its full-year profit

23/05/2017 - 11:43
South Africa’s market leading direct retail group, Verimark, today announced that despite the tough trading environment in the country, it delivered substantially improved results for the year ended 28 February 2017. A significantly higher dividend has been declared amounting to 11.3 cents per share, compared to 3.7 cents last year. The dividend yield at the year-end share price equates to 18,5%.  read more
Burberry profits drop 21% as Gobbetti prepares to take over

Burberry profits drop 21% as Gobbetti prepares to take over

18/05/2017 - 13:50
Wavering wholesale demand in the US has hit Burberry’s margins as the retailer posts a five per cent dip in reported pre-tax profits to £394.8 million. read more
Refurbishing disrupts Pick n Pay’s revenue growth

Refurbishing disrupts Pick n Pay’s revenue growth

19/04/2017 - 10:00
Retailer says profit grew faster than sales despite restricting its selling price inflation to 6.1% for the year, well below published food inflation of 11%. read more
Tiger Brands ‘solid’ but Pioneer sees profit drop

Tiger Brands ‘solid’ but Pioneer sees profit drop

24/02/2017 - 14:49
Drought hits Pioneer’s earnings, while a ‘solid domestic market’ saves Tiger Brands from weak trading conditions across Africa. read more
Nestlé sees slower sales as new CEO plans restructuring

Nestlé sees slower sales as new CEO plans restructuring

16/02/2017 - 11:57
Zurich - Nestlé SA forecast 2017 sales and profitability below its long-term targets as new chief executive officer (CEO) Mark Schneider steps up restructuring efforts to reignite growth at the world’s largest food company. read more
Amazon sales and profits surge, but misses Wall Street targets

Amazon sales and profits surge, but misses Wall Street targets

06/02/2017 - 14:46
Amazon sales and profits surge, but misses Wall Street targets. read more
High-spirited Spar has a big year

High-spirited Spar has a big year

17/11/2016 - 10:38
Spar Group has reported a 12% surge in full-year operating profit, largely defying the malaise in the local retail sector and the Brexit-inspired dip in Europe’s consumer confidence. read more
Verimark returns to profit in first half, but no dividend

Verimark returns to profit in first half, but no dividend

12/10/2016 - 11:47
Direct response retailer Verimark returned to profit on flat sales in the six months to end-August, it reported on Wednesday morning. read more
Walmart to slow new store growth, invest in remodels and online

Walmart to slow new store growth, invest in remodels and online

10/10/2016 - 16:22
Walmart gave a lackluster profit outlook for next year, and said it will slow new store openings as it invests in remodels and digital initiatives. read more
Pick n Pay expects increase in interim profit

Pick n Pay expects increase in interim profit

10/10/2016 - 11:12
PICK n Pay Stores said on Friday that it expected half-year headline profit to rise by up to 25%. read more
Clover reports pedestrian growth as operating costs soar

Clover reports pedestrian growth as operating costs soar

13/09/2016 - 09:36
CLOVER Industries on Tuesday reported single-digit growth in full-year net profit as the dairy products and beverages group battled higher operating costs. read more
AVI improves its margins in the face of rising costs

AVI improves its margins in the face of rising costs

12/09/2016 - 12:26
CURRENCY hedges and a focus on cost containment helped consumer brands group AVI limit the damage of rand weakness in the year to June and continue to improve its profit margins. read more
RCL Foods opts to cut dividend as earnings fall

RCL Foods opts to cut dividend as earnings fall

31/08/2016 - 08:48
DIVERSIFIED food producer RCL Foods has slashed its annual divided almost a third after the worst drought in a century deflated its profit growth. read more
Top 10 most profitable retailers, 2016

Top 10 most profitable retailers, 2016

20/07/2016 - 16:01
Forget revenue, store counts, online traffic, etc. — if you want to know who is succeeded in retail just look at the bottom line — it is all about turning a profit. Here is a quick look at the top 10 retailers on the list: read more
Drought dries up Illovo’s half-year profits

Drought dries up Illovo’s half-year profits

30/11/2015 - 12:45
South Africa’s drought, pressure on export prices and reduced demand in Malawi resulted in Illovo Sugar [JSE:ILV] cutting its half-year profit by nearly 60% on Monday. read more
Apple posts disappointing profits

Apple posts disappointing profits

25/07/2012 - 09:00
San Francisco - Apple on Tuesday reported a rise in its quarterly profit to $8.8bn on hot iPad sales but missed lofty Wall Street expectations due, in part, to iPhone lovers waiting for a rumoured new model.  read more
Target Fourth-Quarter Earnings Exceed Analysts’ Estimates on Sales Growth

Target Fourth-Quarter Earnings Exceed Analysts’ Estimates on Sales Growth

24/02/2012 - 09:30
Target Corp. (TGT), the second-largest U.S. discount retailer, posted fourth-quarter earnings that exceeded some analysts’ estimates, helped by discount card initiatives and grocery sales.  read more
Esprit Sees $129 Million of Savings Through Sourcing From India, Indonesia

Esprit Sees $129 Million of Savings Through Sourcing From India, Indonesia

24/02/2012 - 09:18
Esprit Holdings Ltd. (330), the clothing retailer pushing to recover from a three-year earnings decline, expects to save HK$1 billion ($129 million) by June 2015 as it adds sourcing offices in India and Indonesia.  read more
Tiger Brands forecasts higher profits

Tiger Brands forecasts higher profits

15/11/2011 - 10:23
Branded fast-moving consumer packaged goods company Tiger Brands (TBS) said on Tuesday that it expected headline earnings per share (HEPS) to reflect an increase of between 10% and 15% for the year ended September 2011, from R13.93 previously. read more
Spar Group reported a 3.3% rise in diluted headline earnings per share

Spar Group reported a 3.3% rise in diluted headline earnings per share

09/11/2011 - 16:00
South African grocery chain Spar Group on Wednesday reported a 3.3% rise in diluted headline earnings per share to 522.8 cents for the year ended September 2011 from 506.3 cents a year ago read more
Cashbuild revenue up

Cashbuild revenue up

08/11/2011 - 09:15
Retailer of building materials and associated products, Cashbuild (CSB) on Monday reported an 8% rise in revenue in the first quarter from the previous comparative period. read more
Nampak forecasts higher profits

Nampak forecasts higher profits

08/11/2011 - 08:59
Packaging group Nampak (NPK) advised on Monday that its headline earnings per share for the year ended September 2011 from continuing operations, are expected to be between 15% and 25% higher than the 142.2 cents per share in 2010. read more