Inflation

Nestlé Full Year Profit Misses Forecasts Despite Price Increases

Nestlé reported weaker than expected full year net profit despite the world's biggest food group passing on higher raw material costs by hiking pric...

Kraft Heinz Forecasts 2023 Profit Below Estimates On Higher Costs

Kraft Heinz forecast annual profit below Wall Street estimates on Wednesday, expecting cost inflation to eat into margins even as higher prices boost sales...

UK Retailer Waitrose Commits £100m To Price Cuts

Upmarket British supermarket group Waitrose said it will spend £100 million (€112.8 million) to cut prices on over 300 own-brand products as it...

French Wine And Spirits Exports Hit New High In 2022 Due To Inflation

French wine and spirit exports rose 11% last year to hit a new record, mainly boosted by a rise in prices, and the trend should last this year as Chinese c...

Carrefour Eyes Further Profit Growth In 2023, Further Buybacks

Europe's largest food retailer, Carrefour, has said that it is confident about the coming year as it posted a record free cash flow of €1.262 billion,...

ESM Editor Stephen Wynne-Jones On What To Expect In Grocery Retail In 2023

ESM editor Stephen Wynne-Jones offers up five trends in retail grocery that are likely to gain prominence as the year progresses.

Savencia Reports Sales Growth Of 16.8% In FY 2022

French dairy firm Savencia Fromage & Dairy Group has reported sales growth of 16.8%, to €6.6 billion, in its financial year 2022.

Walmart Pushes Back As Major Product Suppliers Ask For Higher Prices

Walmart is warning major packaged goods makers that it can no longer stomach their price hikes, pitching its own private-label products to shoppers as less...