Profit: latest retail news and insights | ESM Magazine

Kroger Raises Annual Forecasts On Upbeat Grocery, Essentials' Demand

Kroger Co has raised its annual sales and profit forecasts as inflation-hit consumers drive up demand for groceries and household essentials at the cost of...

Shoprite's Annual Profit Rises As Inflation-Hit South Africans Drive Demand

South Africa's biggest grocer Shoprite Holdings reported a 10.3% increase in annual profit as shoppers flocked to discount store chains for every...

Fortenova Group Posts Double-Digit Revenue Growth In H1 2022

Croatia's Fortenova Group has reported like-for-like revenue growth of 14%, to HRK 18.8 billion (€2.5 billion), in the first half of its financial yea...

Dino Polska Reports Double-Digit LFL Sales Growth In H1

Polish retailer Dino Polska has posted like-for-like (LfL) sales growth of 25.5% in the first half of its financial year.

Russia's Magnit Reports H1 Profit And Revenue Jump

Russian retailer Magnit has reported a revenue and profit jump in the first half of this year, boosted by strong sales growth that it said has accelerated...

ICA Gruppen Posts ‘Stable Performance’ In Second Quarter

Sweden's ICA Gruppen has reported sales growth of 6.7%, to SEK 34,578 million, in the second quarter of its financial year.

Target Profit Falls As Discounts Fail To Spur Spending By Inflation-Weary Consumers

Target Corp reported a 90% fall in quarterly earnings and missed comparable sales estimates as its inflation-hit customers reined in spending on discretion...

Walmart Expects Smaller Profit Drop As Discounts Drive Demand

Walmart Inc has forecast a smaller drop in full-year profit than previously projected, after deep discounts to clear excess merchandise and a drop in fuel...