JAPAN: Aeon profit slides, outlook affirmed
- 9M operating profit down 5.5%
- Operating sales up 9.9%
- FY guidance maintained
Aeon affirms FY outlook
Japanese retailer Aeon has reaffirmed its full-year outlook, despite posting a drop in operating profit for the first nine months of the fiscal.
In a regulatory filing, the company revealed a 5.5% decline in operating profit in the nine-months to end-November, which slid to JPY96.2bn (US$1.1bn).
The company said on Friday (11 January) that profits were down on lower food and general merchandise sales. However, the company said total sales were up 9.9% to JPY4,120.46bn.
Looking to the full-year, Aeon maintained its operating profit outlook at JPY210-220bn.
Food Retail in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains ...
Organic Food in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains...
- On the move: What's in store from Tesco's new CEO?
- On the money: Steady as she goes at Cloetta
- On the money: Can Premier build H2 sales momentum?
- Interview: Bell hits out at German cartel ruling
- Focus: Lindt plays safe with Russell Stover buy
- UPDATE: Premier establishes international unit
- Campbell issues warning on 2014/15 fiscal year
- Premier launches Oxo pots range in UK
- Universal Robina to buy biscuit firm Griffin's
- Genius secures listings in French supermarkets