57 results in the archive - showing page 2 of 2

What the analysts say - Concern over US clouds Delhaize results 7 Mar 2013

Column: What the analysts say

Belgium-based retailer Delhaize Group this morning (7 March) reported a drop in profits in 2012 as costs from store closures and impairment charges hit its bottom line. The retailer also cut its full-year gross dividend. Analysts gave a relatively upbeat view of the results but pointed to concerns over the group's US operations.


What the analysts say: Nestle FY results, 2013 outlook 14 Feb 2013

Column: What the analysts say

Global food group Nestle this morning (14 February) booked an increase in full-year profits but slowing underlying sales growth. The company also pointed to 2013 as looking every bit as "challenging" as 2012. Analysts gave a mixed view of the results.


What the analysts say: Tesco's turnaround plan bearing early fruit? 10 Jan 2013

Column: What the analysts say

UK retailer Tesco booked better-than-expected UK sales over the key Christmas trading period as the group benefited from the various initiatives under its domestic turnaround plan. The group has invested in improving its customer proposition over the past nine months. UK shoppers have responded positively, driving like-for-like sales gains. However, the City reaction has been somewhat mixed, with some analysts highlighting last year's weak comparables while others have hailed Tesco's early gains.


What the analysts say: Marks & Spencer Q3 10 Jan 2013

Column: What the analysts say

Marks and Spencer's share price took a hit this morning (10 January) after the retailer reported worse-than-expected third-quarter sales figures, despite strong demand for food over Christmas.


What the analysts says: Sainsbury's at head of retail pack 9 Jan 2013

Column: What the analysts say

Sainsbury's today (9 January) reported that third-quarter like-for-like sales, excluding fuel, came in at 0.9%. While this represents a slow-down from the company's previous 31 consecutive quarters of growth, Sainsbury's was able to increase its market share during the key Christmas trading period. Sainsbury's star-performer was once again its own label offering and the group was upbeat on the success of its promotional strategy. However, when inflation and the contribution from store expansions is stripped out, the group saw sales volumes decline. With the likelihood that the 2013 competitive environment will remain tough, the challenge will be for Sainsbury's to maintain its growth momentum. Here is the City's verdict.


What the analysts say: Morrisons Q4 sales continue slide 7 Jan 2013

Column: What the analysts say

Morrisons has once again booked a decline in like-for-like sales worse than the overall market, as the group struggles to maintain its share in the face of a highly price-focused consumer. According to management, the "greatest headwinds" that it is facing are its lack of an online and convenience offering. Morrisons has also insisted that it needs to address issues with its marketing and promotional strategies. However, there are those in the City that worry the group's problems go beyond the way that it communicates its message to the message itself.


What the analysts say - ConAgra Foods Q2/H1 numbers 21 Dec 2012

Column: What the analysts say

ConAgra Foods yesterday (20 December) booked a jump in first-half profits and raised its full-year earnings forecast. The growth was a result of a series of small acquisitions made by the US group this year. Analysts gave an overall positive reaction to the results but some were cautious about the outlook for the company, particularly around its plan to buy private-label rival Ralcorp Holdings.


What the analysts say - Sainsbury's H1 numbers 14 Nov 2012

Column: What the analysts say

Sainsbury's reported what it called "market-beating" half-year results today (14 November) and the figures were broadly welcomed by analysts, even if the UK retailer's shares fell by more than 2%.


What the analysts say - Associated British Foods FY results 6 Nov 2012

Column: What the analysts say

Associated British Foods, the UK-based food and retail group, reported higher annual sales and profits today (6 November) after strong performances from its sugar and discount clothing businesses. However, earnings from its grocery division fell 23%. The view from the City on ABF's grocery unit was mixed.


What the analysts say: the verdict on Nestle's nine-month sales 18 Oct 2012

Column: What the analysts say

Nestle this morning (18 October) booked an increase in sales in the first nine months of the year. The Swiss food giant, however, saw its share price slump as a number of one-offs hit revenue and growth slowed in Asia. Analysts give a mixed view of the group's results.


What the analysts say: the verdict on Sainsbury's H1 3 Oct 2012

Column: What the analysts say

Sainsbury's this morning (3 October) saw its share price climb as it booked an increase in first-half sales driven by own label growth and the roll out of its convenience stores. The results have come in ahead of analysts' expectations who have viewed the figures as "positive" and "solid".


What the analysts say: the verdict on Ahold's H1 23 Aug 2012

Column: What the analysts say

Dutch retailer Ahold today (23 August) booked an increase in first-half profits but its shares fell amid pressure on margins and the company's caution over future trading. Analysts were largely upbeat about the results but expressed some concern over Ahold's domestic performance.


What the analysts say: the verdict on Lindt's H1 21 Aug 2012

Column: What the analysts say

Lindt & Sprungli's first-half organic sales, announced today (21 August), failed to meet analyst expectations, as a poor economic outlook in its major markets dampened premium chocolate sales. However, the chocolate maker's profit growth and affirmation of its full-year outlook were welcomed.


What the analysts say – The verdict on Nestle's H1 9 Aug 2012

Column: What the analysts say

Nestle, the world's largest food manufacturer, today (9 August) reaffirmed its full-year profit guidance after posting an 8.9% jump in net profit and a 7.5% increase in sales. On the whole, analysts remained equally positive about the results, which they said, remained in-line with expectations.


What the analysts say: Danone H1 results 27 Jul 2012

Column: What the analysts say

Danone reported its half-year results today (27 July), just six weeks after it issued a profit warning for 2012. What did leading industry analysts make of the French food giant's results?


What the analysts say: The surprise exit of X5 CEO Gusev 17 Jul 2012

Column: What the analysts say

Last week's shock announcement that X5 Retail Group CEO Andrey Gusev resigned caused the Russian retailer's share price to tumble. X5 also booked a mixed set of second-quarter results that showed the retailer was only able to slow - but not reverse - declining like-for-like and customer traffic trends. Analysts in Moscow are split over its performance in the market and the outlook for the country's largest retailer, but there is agreement the departure of Gusev will come as a blow.


The verdict from Wall Street: Analysts react to General Mills FY results 28 Jun 2012

Column: What the analysts say

General Mills yesterday reported a 12.8% drop in full-year profits as the steepest rise in input costs it has experienced in over 30 years weighed on its full-year earnings.


The verdict from the City: Analysts react to Ocado's H1 results 26 Jun 2012

Column: What the analysts say

UK online retailer Ocado revealed mixed half-year results today, with sales up but pre-tax profits flat and a fall in operating profit. While some analysts tried to look for positives, the numbers were described as "poor" in some quarters in the City, with concerns over the outlook for Ocado and its shares fell by more than 20%.


The verdict from the City: Sainsbury's trading update 13 Jun 2012

Column: What the analysts say

The UK's third-largest retailer said today (13 June) it was continuing to perform better than the rest of the market after another increase in underlying quarterly sales. However, shares in Sainsbury's fell after the company's sales missed City forecasts and there are some concerns increased competition from the likes of Tesco could erode the gains the retailer has made in recent months.


The verdict from the City: Tesco's trading update 11 Jun 2012

Column: What the analysts say

Tesco's trading update for the first quarter of its financial year included another fall in underlying UK sales and the retailer continues to face questions over its domestic performance. However, some in the City found some positives, although one surprise came from the sharp slowdown in sales growth in the US.


The verdict from the City: Mixed reaction to Dairy Crest losses 24 May 2012

Column: What the analysts say

The UK's largest dairy processor Dairy Crest this morning (24 May) made a full-year net loss after incurring impairment charges at its dairies business. The firm, which plans to close two dairies and is mulling the future of its French business, delivered results that garnered a mixed reaction from the City.


The verdict from the City: M&S's annual results 22 May 2012

Column: What the analysts say

Marks and Spencer, often seen as a barometer for wider trading conditions in the retail sector in the UK, today (22 May) reported mixed annual results. Sales and gross margin from food was higher but challenges remain elsewhere in the business and the retailer also cut the top end of its group sales forecasts.


The verdict from the City: Sainsbury's FY results 9 May 2012

Column: What the analysts say

Sainsbury's beat City forecasts when it reported its annual underlying pre-tax profits today (9 May) and, as such, the Square Mile welcomed the UK retailer's results. The company has won plaudits for its performance in a tough sector but there are some questions around its future margins as it competes with the likes of Tesco.


What the analysts say: Mixed reaction to Premier update 25 Apr 2012

Column: What the analysts say

Premier Foods plc revealed a robust set of sales figures this morning (25 April), as a 3.7% increase in 'power brand' sales drove group sales up 1.3%. The group has seen its stock rebound of late as management has worked to convince the market that it is getting to grips with Premier's debt burden and working to reverse declining sales while also bolstering margins. However, the spectre of Premier's high debt level still looms large, especially given the current tough operating environment, and it seems that City analysts view this threat in varying degrees of severity.


What the analysts say: the City's take on ABF's H1 24 Apr 2012

Column: What the analysts say

Associated British Foods reported a mixed first-half this morning (24 April), as gains in the group's sugar and Primark units offset falling profits in grocery and ingredients, which were down 32% and 40% respectively. Nevertheless, management remained upbeat on the outlook for the remainder of the year.


What the analysts say: City view of Tesco FY and turnaround plan 18 Apr 2012

Column: What the analysts say

Tesco today (18 April) said that it would spend GBP1bn (US$1.55bn) in a bid to revitalise its domestic business as it confirmed that full-year like-for-like sales and profits in the UK have dropped. Nevertheless, a strong international performance enabled the UK's largest retailer to book a 1.6% increase in pre-tax profit. While the disappointing UK performance held no surprises, details on the turnaround plan have been broadly welcomed by the market.


What the analysts say: The verdict on M&S's Q4 17 Apr 2012

Column: What the analysts say

With a lacklustre set of group sales, a stronger showing in food and a lower capex forecast, Marks and Spencer booked a mixed set of fourth-quarter numbers this morning (17 April). The City response has been equally mixed.

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