Aeon Stores said it would freeze its expansion in Hong Kong and divert more resources to the mainland, after posting a 41 per cent drop in net profit last year because of losses in new stores.
China's Tingyi (Cayman Islands) Holding Corp said fourth-quarter profit slid 75 percent as consumers shied away from its Japanese-style packaging and marketing amid a territorial row between the two countries.
Dole Food, a US-based producer and marketer of fruit and fresh vegetables, has reported a wider loss of $142m for the full-year 2012, compared to a profit of $42m in 2011.
After finishing higher for two consecutive months, the Consumer Price Index for food and beverages finished flat in February, ending at 236.2, according to the Bureau of Labor Statistics of the Department of Labor.
British pubs group JD Wetherspoon posted a 2.7 percent fall in first-half profit as higher costs and falling margins dampened rising sales of its value-led deals.
Russian grocery chain Dixy said on Friday its revenues rose 20.2 percent in February, year-on-year, to 13.5 billion roubles ($438.6 million) after a rise of 22.1 percent in the previous month.
Britain's fourth biggest grocer Wm Morrison said on Thursday it would launch an online food offer by January 2014 to better compete with rivals as it posted its first fall in full-year profits for six years.
EBITA for CSM n.v. in fiscal year 2012 dropped to €123.9 million ($160.4 million), down from €130.2 million in the previous year, as one-off costs totaled €46.9 million.
With croissants, baguettes and bagels spilling off metal trolleys at the bakery where Mohammed Alif works in central Cairo, food is not scarce, but profits certainly are.
Russia's biggest food retailer X5 Retail Group aims to achieve at least 11 percent revenue growth this year after an 8.3 percent rise in 2012, its chief executive said on Tuesday.
Global fast food chain McDonald’s has reported a 1.5% drop in its global comparable sales for the month of February 2013, as compared to the corresponding month in 2012.
Nestle, the world's largest food group and the corporation responsible for bringing us all unhealthy processed foods like Coffee-Mate and Lean Cuisine, has apparently decided to take an active role in medical nutrition.
Del Monte Foods reported net sales in the third quarter fiscal 2013 of $1,028.2 million compared to $971.1 million in the third quarter fiscal 2012, an increase of 5.9%.
Clearwater on Monday released its annual financial results and results for the fourth quarter of 2012 including sales growth of 5.3 percent compared to 2011.
A “notably better” economy in North America contributed to improved year-over-year earnings and revenues within the Food North America division at Aryzta A.G. in the first half of fiscal 2013.
