China

Hormel Foods Reaffirms 2023 Forecasts, Shares Rise

Hormel Foods reaffirmed its annual sales and profit forecasts even as its second-quarter revenue missed estimates, sending the company's shares up as much...

Bakkavor Sees LFL Revenue Growth In First Quarter

Fresh prepared food maker Bakkavor has posted like-for-like revenue growth of 7.6% to £522.6 million in the first quarter of its financial year.

Brazil's JBS Swings To Loss, Citing Grain Costs And Meat Oversupply

JBS has reported a net loss of 1.45 billion reais ($290.2 million) for the first quarter, blaming high grain prices and an over-supplied meat market for th...

Oatly Names Jean-Christophe Flatin As New Chief Executive

Oat drinks maker Oatly has announced the appointment of Jean-Christophe Flatin as its new chief executive officer, effective 1 June 2023.

Coty Lifts Profit Forecast As Luxury Shoppers Seek Cosmetics, Fragrances

Coty Inc raised its annual profit forecast for the second time and beat third-quarter revenue estimates, buoyed by the CoverGirl parent's price hikes and s...

Chinese Dairy Giant Yili Reports Double-Digit Revenue Rise

Chinese dairy firm Yili has reported a 11.37% increase in revenue, to RMB 123.171 billion (€16.1 billion) in its 2022 financial year, which it said wa...

Estée Lauder Sinks After Dour 2023 View On Slow Asia Travel Retail

Estée Lauder Cos Inc has forecast a bigger drop in full-year sales and profit, disappointing the Wall Street that was expecting better results...

Coffee Giant Starbucks Beats Quarterly Profit Estimates

Starbucks beat quarterly profit estimates, powered by a sharp recovery in business in China, but shares fell about 6% in after-hours trading after the comp...

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China

Hormel Foods Reaffirms 2023 Forecasts, Shares Rise

Bakkavor Sees LFL Revenue Growth In First Quarter

Brazil's JBS Swings To Loss, Citing Grain Costs And Meat Oversupply

Oatly Names Jean-Christophe Flatin As New Chief Executive

Coty Lifts Profit Forecast As Luxury Shoppers Seek Cosmetics, Fragrances

Chinese Dairy Giant Yili Reports Double-Digit Revenue Rise

Estée Lauder Sinks After Dour 2023 View On Slow Asia Travel Retail

Coffee Giant Starbucks Beats Quarterly Profit Estimates

Rémy Cointreau Forecasts Stable Sales, Investors Disappointed

Pernod Ricard Upbeat On Q4 As Consumer Demand Recovers In China

L'Oréal Q1 Sales Rise 13% With Strong Performance In US, Europe

Food Security Drives China To Cut Soymeal Use In Animal Feed

LVMH Flags Strong Chinese Rebound, US Slowdown

Alibaba Invites Businesses To Trial New AI Chatbot

Italy's illycaffè Reports Double-Digit Growth In Profit In FY 2022