Weak Ice Cream Sales Melt Nestle's Profit
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Higher raw material costs and lower ice cream sales in Europe ate into Nestle's (NESN.VX) first-half results, sending shares in the world's largest food group down over five percent on Wednesday amid concerns about its long-term profitability.
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Krispy Kreme Doughnuts Inc. (KKD.N) on Thursday posted sharply lower quarterly earnings, signaled that the second half of the year would be weak and scaled back store openings after it was battered by the low-carbohydrate diet craze.
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First-quarter earnings were hurt by weak profits in China and increased sales of lower-margin products like notebook computers.
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Food and consumer goods giant Unilever has cut its annual profit growth forecast by more than a half, blaming wet weather for poor ice cream
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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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COCA-COLA has reported a 24 per cent plunge in third-quarter net income due to weak sales of its soft drinks, juices and bottled waters in Germany, North America and other key markets.
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Sears Holdings said Thursday that its second-quarter profit had tumbled 40 percent because of lower overall sales and weaker operating results from Kmart and its domestic Sears operations.
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Coca-Cola Enterprises Inc. said Thursday its profit fell 20 percent in the third quarter, as volume was hurt by bad weather, a sluggish retail environment and a turn away from regular soft drinks.
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Unilever, the consumer goods giant, slashed its profit growth forecasts yesterday in the face of poor sales, weakening consumer spending and tough competition.
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Aug. 18 (Bloomberg) -- Nestle SA, the world&#39;s largest food company, said first-half profit rose 2.1 percent, less than forecast, as sales in Western Europe declined and costs for sugar, milk and packaging increased.
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HARRISBURG, Pa.  -- Hershey, the nation's largest candymaker, on Thursday reported its profit tumbled in the second quarter as it spent heavily to begin transforming its production lines.
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The food company's second-quarter earnings don't impress investors.
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Coca-Cola Co. on Thursday reported a sharp drop in quarterly net income due to weak sales of its soft drinks, juices and bottled waters in Germany and other key markets.
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The soup maker said its second-quarter profit slipped 3.9 percent to $274 million even though its sales rose.
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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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The soft drink maker said its fourth-quarter profit fell 31 percent from results a year ago that included a tax benefit from a settlement with the Internal Revenue Service.
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Unilever PLC reported higher earnings for the third quarter Wednesday but said its business suffered from weak demand and poor weather, with sales of Ben & Jerry's ice cream and Lipton Tea falling.