Profits

Greece's Sklavenitis Reports Growth In Sales, Profit In FY 2023

Greek retailer Sklavenitis generated €5.16 billion in sales in its financial year 2023, according to media reports.

Migros To Invest CHF 2.5bn In Price Cuts, Renovation And Product Range

Swiss retailer Migros plans to invest CHF 2.5 billion (€2.7 billion) in price reduction initiatives, store launches and renovations, and own-brand pro...

Grain Trader ADM Beats Quarterly Profit Estimates As Costs Ease

Global grain trader Archer-Daniels-Midland beat market estimates for first-quarter 2024 profit as lower energy and manufacturing costs led to an increase o...

Maersk Warns Oversupply To Hit Profits Amid Red Sea Uncertainty

Maersk said Red Sea trade disruptions would not be a major boost for the company and an oversupply of vessels would hit its earnings this year.

Canada's Loblaw Sees Quarterly Revenue Rise, Maintains Annual Target

Canadian food and pharmacy retailer Loblaw has reported a 5% increase in third-quarter revenue, aided by robust demand for drugs as well as discounted...

Crop Merchant Louis Dreyfus Posts Higher Annual Sales And Profits

Louis Dreyfus Company (LDC) has reported a 44% jump in 2022 net profit, joining other global crop merchants with an earnings boost from high prices an...

Portugal Approves Windfall Tax On Food Retailers, Energy Firms

Portugal's parliament has approved a 33% tax on the windfall profits that energy companies and food retailers may be bringing in with inflation at a near t...

Infarm To Focus On Profitability, Cut Workforce By More Than Half

Vertical farming company Infarm is planning to focus on profitable Growing Centres and reduce its workforce by more than 50% due to rising energy prices an...