Albertsons&#39; 2Q Profit Falls 36 Percent
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Persistent economic sluggishness and continued fallout from the Southern California labor dispute slashed second quarter profits 36 percent for Albertsons Inc.
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Albertsons Inc., the No. 2 US grocer, Tuesday reported a substantial drop in its quarterly profit as heavy promotions to revive its Southern California sales after a strike bit into its profit.
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Albertsons Inc. ABS.N, the No. 2  U.S. grocer, on Tuesday reported a substantial drop in its  quarterly profit as heavy promotions to revive its Southern  California sales after a strike bit into its profit.
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Albertsons Inc. ABS.N, the No. 2  U.S. grocer, on Thursday posted higher quarterly profit, but  warned that full-year earnings could hit the low end of its  estimates due to competition and skittish consumers, sending  shares down 6 percent.
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Aeon Co., Japan's second-biggest retail group, on Tuesday said quarterly operating profit fell 16 percent due to poor sales at its U.S. apparel unit Talbots Inc. and some goodwill charges.
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Krispy Kreme Doughnuts Inc. reported Thursday that second-quarter profits fell by more than 50 percent, widely missing Wall Street estimates.
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Supermarket group Morrisons announces a fall in half-year profits, dragged down by losses across its recently acquired Safeway stores.
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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Cincinnati - The Kroger Co., owner of King Soopers and City Markets stores in Colorado and one of the nation&#39;s largest operators of supermarkets, reported today that its second-quarter earnings fell almost $50 million from a year ago, hurt by debt charges
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Yahoo, struggling to compete with Google on search and advertising and to adapt to recent changes in management, said yesterday that second-quarter profit dropped 2.3 percent.
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The newspaper publisher and television station operator said third-quarter profit fell to $2.5 million as ad revenue slumped.
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Hershey Co  on Thursday posted a sharp drop in quarterly profit, hurt by sluggish sales, restructuring charges and soaring costs for ingredients.
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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.
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The companyâs second-quarter profit rose 37 percent after factoring in losses from assets it sold, but on a continuing basis results fell on buyout costs at its newspapers.
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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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The jeweler said 2nd-quarter net income fell to $37 million, hurt by a charge related to selling its Little Switzerland retail business, but sales beat expectations.
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U.S. Bancorp said its second-quarter profit declined 3.7 percent after a strong gain a year ago.