Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
Magnum Ice Cream tops earnings forecast as cost cuts kick in
Magnum Ice Cream reported half-year core earnings above market expectations on Thursday, driven by cost cuts following its December spin-off from Unilever , and said trading remai...
Retail & Consumer
Adidas raises 2026 sales outlook on strong demand
German sportswear maker Adidas on Thursday raised its sales forecast for the year after second-quarter revenues beat expectations, boosted by the soccer World Cup and strong...
Retail & Consumer
Budweiser-maker AB InBev beats on profit, revenue with World Cup assist
Top brewer Anheuser-Busch InBev reported forecast-beating revenue, profit and volumes in the second quarter on Thursday, boosted by higher demand in markets across the Americas and...
Retail & Consumer
Avolta reports higher first-half turnover as cost controls boost cash flow
Travel retailer and food service operator Avolta
Retail & Consumer
Singapore asset manager Keppel's half-year profit rises 25%
Singapore's Keppel on Thursday posted a 25% rise in half-year net profit, excluding the non-core portfolio for divestment, supported by stronger contributions from asset man...
Retail & Consumer
New UK PM Burnham urged to put food on a par with defence and energy
A fresh food shock in Britain is only a matter of time after years of disruptions that have driven up prices, more than 100 organisations said in a letter urging new Prime Minist...
Retail & Consumer
Chipotle raises forecast despite hit from cyclospora parasite scare
Chipotle Mexican Grill raised its annual sales forecast on Wednesday but said the third quarter is likely to be its toughest of the year after a multistate cyclosporiasis outbreak...
Retail & Consumer
Starbucks raises annual forecasts again as turnaround takes root
Starbucks has raised its annual sales and profit forecasts for the second time, as CEO Brian Niccol's years-long turnaround efforts reignite demand at the world's largest coffee c...
Retail & Consumer
Arm shares dive after hours despite forecasts above estimates
Arm Holdings , signaled strong demand from AI on Wednesday, yet shares slid nearly 7% after hours in choppy trade even though the intellectual property and chip designer forecast ...
Retail & Consumer
Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
Qualcomm forecast fourth-quarter profit below estimates and said revenue from Apple products would decline faster than expected, but signaled that growth in data-center and other n...
Retail & Consumer
L'Oreal sales rise on haircare boom and 'lipstick effect'
The world's largest cosmetics company L'Oreal reported better-than-expected quarterly sales on Wednesday, boosted by strong demand for new hair products and mascaras.
Retail & Consumer
L'Oreal posts 6% rise in quarterly sales
L'Oreal reported a 6.3% rise in second-quarter sales on Wednesday, slightly higher than expected, driven by strong demand for its premium haircare as well as mass market bran...
Retail & Consumer
P&G forecasts muted 2027 as tighter consumer spending hurt demand
Procter & Gamble forecast slower revenue growth in fiscal 2027 after quarterly sales missed estimates due to uneven demand in categories such as grooming and oral care from a "ver...
Retail & Consumer
Apple set for strongest June-quarter sales growth in 5 years
Apple's decision to hold iPhone prices steady is set to power its strongest June-quarter sales growth in five years, but investors will want to know how long it can resist an inc...
Retail & Consumer
Bunge posts Q2 earnings beat on strong crush margins, raises 2026 outlook
U.S. agribusiness Bunge Global raised its full-year adjusted profit forecast on Wednesday as it beat Wall Street estimates for second-quarter earnings on robust processing margins...
Retail & Consumer
Danone shares down as China slowdown clouds second-quarter sales beat
Danone shares fell about 4% on Wednesday as a sharp slowdown in the key Chinese market overshadowed forecast-beating second-quarter sales and a recovery in its Specialised Nutrit...
Retail & Consumer
Gucci beat sparks Kering rally as luxury rivals fail to impress
Shares in Kering surged as much as 11% after flagship brand Gucci delivered better-than-expected quarterly sales, lifting hopes that CEO Luca de Meo's turnaround efforts are gaini...
Retail & Consumer
Strong quake hits Japan's production hub, disrupts business operations
A powerful earthquake centred on Kumamoto in southwestern Japan on Tuesday forced a growing number of manufacturers, retailers and service providers to suspend operations across th...
Retail & Consumer