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Pringles-Maker Kellanova Beats Quarterly Sales, Profit Estimates on Steady Demand
Date: October 31, 2024
(Reuters) – Packaged food company Kellanova topped Wall Street estimates for third-quarter sales on Thursday, driven by resilient demand for its ready-to-eat breakfast items and snacks despite rising prices. WHY IT IS IMPORTANT The Cheez-It maker has capitalized on its brand strength to steadily raise product prices over the past few years to strengthen its...
Amplifon Trims Margin Forecast but Rules Out Competition Risk From Apple Earbuds
Date: October 31, 2024
By Alberto Chiumento (Reuters) -Italian hearing aid company Amplifon again trimmed its annual margin guidance on Wednesday, hit by higher marketing costs in Europe in the third quarter, but ruled out competition risks from new players such as Apple. Tech-driven competition in the hearing aid sector is intensifying after Switzerland’s Sonova launched a first-in-market hearing...
Apple Launches New, More Powerful Versions of MacBook Pro
Date: October 31, 2024
(Reuters) – Apple on Wednesday unveiled new MacBook Pro models that feature more powerful processors for tasks such as photo and video editing, aiming to bolster its appeal among creative professionals. The new line of MacBook Pro laptops will start at $1,599 for the 14-inch variant, with the higher-end versions sporting more powerful M4 Pro...
Kraft Heinz Trims 2024 Forecasts on Lunchables Drag, Tepid Demand
Date: October 30, 2024
By Savyata Mishra (Reuters) -Kraft Heinz on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant’s branded products such as Lunchables meal kits. Shares of the Jell-O maker fell more than 3% in early trading, as it also posted a bigger-than-expected drop in...
Mondelez Beats Quarterly Results on Rebound in Demand, Higher Prices
Date: October 30, 2024
By Anuja Bharat Mistry (Reuters) -Mondelez International on Tuesday beat third-quarter revenue and profit estimates, as the Cadbury parent’s efforts to provide its products at different price points drove a sequential improvement in sales volumes. Demand for the company’s products held steady, as the prices of its candies and biscuits ranging from $3 to...
Cruise Operators Reap Benefits of Their Own Private Islands
Date: October 30, 2024
By Doyinsola Oladipo NEW YORK (Reuters) – Major cruise operators are steering their ships – and millions of dollars in investments – into their own private destinations packed with excursions, beaches, bars and restaurants. The phenomenon appears to have started with Royal Caribbean Group, which in 2019 opened “Perfect Day at CocoCay,” an amusement park-like...