World Business Briefing: The Netherlands: Grocerâs Profit Declines
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Royal Ahold, the Dutch owner of grocery chains including Stop & Shop in the United States, said first-quarter earnings and sales were down slightly as a result of worse margins and a weaker dollar. Net profit was 237 million euros ($320 million), down from 239 million euros a year earlier. Sales slipped to 13.2 billion euros ($17.8 billion), from 13.3 billion euros.
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Cadbury Schweppes, the world's biggest maker of sweets and chocolate, said on Tuesday that net profits plunged by 65 percent last year when results were skewed by the 2006 sale of its Europe Beverages unit.
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Krispy Kreme Doughnuts Inc.(KKD.N: Quote, Profile, Research) on Thursday reported a sharp drop in quarterly profit and signaled that business may not recover any
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Krispy Kreme Doughnuts Inc. KKD.N on  Thursday reported a sharp drop in quarterly profit and signaled  that business may not recover any time soon, sending its shares  down more than 17 percent in pre-market trading.
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Kroger Co. , the largest U.S. grocer, on Tuesday reported a lower quarterly profit, hurt by debt costs even as sales rebounded in Southern California where it was hit by a strike.
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Nokia Corp. reported a 20 percent decline in net profit for the third quarter on Thursday, due largely to cuts it made in the prices for its mobile phones. The Finnish handset manufacturer predicted that earnings would fall again in the fourth quarter.
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Stocks dropped yesterday as Colgate-Palmolive and Unilever cut profit forecasts, fueling concern that earnings growth is slowing at a time when borrowing costs are headed higher.
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A profit warning from consumer products  giant Unilever and concern that oil prices, now topping $46 a  barrel, will hurt company earnings kept European shares in  negative ground Monday.
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CINCINNATI Sept. 14, 2004 - The Kroger Co., one of the nation&#39;s largest operators of supermarkets, reported Tuesday that its second-quarter earnings fell almost $50 million from a year ago, hurt by debt charges and the southern California strike.
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Fourth-quarter profit fell by 9 percent as energy prices declined, but the company still ended up with its third consecutive year of record earnings.
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ABN Amro, the Netherlands' largest bank, is cutting 2,850 jobs as a result of falling profits.
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The doughnut chain reported sharply lower quarterly  earnings on Thursday that missed Wall Street's expectations as  it tries to overhaul operations after being battered by popular  low-carbohydrate diets. Its shares closed at $15.36 on the New  York Stock Exchange.
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Dean Foods Co. Inc. (DF.N: Quote, Profile, Research) on Wednesday posted a 67 percent drop in third-quarter profit as volatile milk and butter prices and diminished consumer appetite for
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Royal Dutch Shell PLC said Thursday that third-quarter net profit rose 16 percent despite a drop in production, but it warned that the underlying performance of its refining operations was weaker than it appeared.
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The Dutch brewer Heineken said its first-half net profit had fallen by 27 percent to 293 million euros (355 million dollars) owing to adverse exchange rates.
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Kroger Co. , the largest U.S. grocery chain, posted a weaker-than-expected rise in quarterly profit on Tuesday due to labor unrest at a distribution center, sending its shares down in early electronic trade.
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Albertsons Inc. ABS.N, the  second-largest U.S. grocer, on Tuesday reported a substantial  drop in second-quarter profit due to costly promotions aimed at  reviving sales following a Southern California labor strike.