corporate-profits
Top StoriesMcDonald’s Posts Rare Profit Miss as Customers Turn Picky
Top StoriesComputer Parts Maker Logitech Q4 Sales Rise; First Positive Qtr in Over 2 Years
Top StoriesSoaring Cocoa Prices Put Spotlight on Hershey, Mondelez Earnings
Top StoriesTotalEnergies Earnings Fall in First Quarter on Lower Gas Prices
Unilever Beats Quarterly Sales Growth Forecasts
Date: April 25, 2024
Unilever beats quarterly sales growth forecasts (Reuters) -Unilever’s first-quarter sales grew by a better than expected 4.4%, it said on Thursday, as one of the world’s biggest consumer goods companies won back shoppers who had traded down to cheaper products. Unilever, which makes products ranging from Dove soaps to Hellmann’s mayonnaise, said it was confident...
Sanofi Profit Slips on Generic Competition and Currency Effects
Date: April 25, 2024
Sanofi profit slips on generic competition and currency effects By Ludwig Burger (Reuters) -Sanofi’s first-quarter operating income fell 14.7% as currency effects and cheap competition to its multiple sclerosis drug Aubagio outweighed rising sales of anti-inflammatory drug Dupixent, the French drugmaker said on Thursday. Operating income adjusted for one-offs slipped to 2.84 billion euros ($3.04...
UK Supermarket Asda Says 2023 Underlying Profit up 24%
Date: April 22, 2024
UK supermarket Asda says 2023 underlying profit up 24% LONDON (Reuters) – Asda, Britain’s third biggest supermarket group, reported a 24% rise in annual earnings on Monday that reflected a 7% rise in total sales. Asda, owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital, said 2023 adjusted EBITDA after rent,...
Industrials Boost Stoxx 600 as Earnings Season Rolls In
Date: April 18, 2024
Industrials boost STOXX 600 as earnings season rolls in By Ozan Ergenay, Johann M Cherian and Ankika Biswas (Reuters) -European shares rose on Thursday, boosted by industrials after Swiss engineering company ABB touched a record high following upbeat results, while Germany-listed Sartorius had its biggest one-day drop in 17 months after bleak quarterly orders. The...
UK’s Tesco Forecasts Profit Rise as Consumer Sentiment Improves
Date: April 10, 2024
UK’s Tesco forecasts profit rise as consumer sentiment improves By James Davey LONDON (Reuters) -Britain’s biggest retailer Tesco forecast a further rise in profit on Wednesday, citing early signs of improving consumer sentiment, after customer wins from rivals helped drive an 11% jump last year. CEO Ken Murphy said easing food inflation, lower energy prices...
Barry Callebaut Operating Profit Falls 40% on Transformation Costs
Date: April 10, 2024
Barry Callebaut operating profit falls 40% on transformation costs (Reuters) -Barry Callebaut, the world’s biggest chocolate maker, reported lower than expected half-year operating profit on Wednesday, hit by one-off expenses caused by its transformation plan. The Swiss-based company’s earnings before interest and tax fell 40% in local currencies to 178 million Swiss francs ($197 million)...