Hershey profit falls sharply
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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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Krispy Kreme&#39;s reputation crumbled yesterday as the US doughnut maker abandoned its earnings guidance after it reported a sharp drop in quarterly profit.
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Cadbury Schweppes, the world&#39;s biggest confectioner, today forecast disappointing annual profits after a wet summer dampened drink sales in Europe.
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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 anytime soon, sending its shares  down more than 17 percent in pre-market trading.
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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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Del Monte Foods Co.  posted lower quarterly profit on Thursday due to rising ingredient costs and weak consumer demand for branded food and pet products.
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PepsiCo Inc  reported lower  quarterly profit on Thursday, hurt by a higher tax rate and a  decline in sales volume of carbonated soft drinks.
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Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) on Thursday posted sharply lower quarterly earnings, signaled that the second half of the year would be weak and scaled back
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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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Kraft Foods Inc.  posted a sharply lower quarterly profit on Wednesday as the company continued to work on plans to revive its business.
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Shares of Albertsons fell more than 8 per cent to $23.65 after the number two US supermarket chain missed quarterly earnings expectations and warned full-year profit would be at the low end of estimates.
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CHICAGO  â The Hershey Company, which is losing market share to rivals like Mars Inc. as it battles rising costs, forecast on Thursday a drop in 2008 earnings.
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Albertsons Inc., the No. 2 US supermarket chain, said second-quarter profit dropped 36 percent after the Boise, Idaho-based company slashed prices to attract shoppers lost during a strike in Southern California.
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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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Children's apparel retailer Gymboree Corp.  said on Tuesday its third-quarter net profit fell sharply as fierce competition with rivals forced it to cut prices and bit into profit margins.
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AMSTERDAM  Â Unilever, the maker of consumer products like Dove soap and Ben & Jerryâs ice cream, reported a sharp decline in its fourth-quarter profit on Thursday, compared with results a year ago when it sold a business.
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GlaxoSmithKline PLC reported a 5.8 percent drop in third-quarter net profit Wednesday on strong generic competition and falling sales of its blockbuster diabetes drug in the United States.