John West makes first loss since 2010 after reversing failed pricing decision Retail Canned tuna brand John West has fallen into the red for the first time since 2010 after reversing a failed decision to pass on price rises to its customers. The Liverpool-headquartered business has reported a pre-tax loss of £6.7m for 2023, having reported a profit of £2m in 2022. The last time John West posted [...]
Mcvitie’s white chocolate digestives help boost biscuit giant’s profit by £130m Retail The introduction of white chocolate digestives helped boost the owner of biscuit giant Mcvitie’s by almost £130m during its latest financial year. Pladis Foods has reported a pre-tax profit of £131.3m for 2023, up from the £2.8m it posted for 2022. Newly-filed accounts with Companies House also show its revenue increased from £2.54bn to £2.75bn [...]
KP Snacks: Hula Hoops maker defies cyber attack and strikes as profit nears £100m Retail Profit surged to almost £100m at KP Snacks, the maker of the likes of Mccoy’s, Hula Hoops and Terrell’s during its latest financial year. The Slough-headquartered business, whose brands also include KP Nuts, Butterkist, Pom-Bear and Popchips, has reported a pre-tax profit of £93.7m for 2023, up from the £64.3m it achieved in 2022. Newly-filed [...]
Five Guys: Revenue surges by £90m as loss slashed at burger chain September 20, 2024 Sales at the European arm of Five Guys surged by more than £90m as it slashed its loss by over 50 per cent during its latest financial year. The London-headquartered division has reported a revenue of £542.9m for 2023, up from the £452.3m it achieved in 2022. Newly-filed accounts with Companies House also show that [...]
Quorn: Meat-free food brand loses more than £60m as supermarket sales slashed September 19, 2024 The company behind meat-free food brand Quorn lost more than £60m during its latest financial year as its sales in UK and US supermarkets continued to decline. The North Yorkshire-headquartered Marlow Foods has posted a pre-tax loss of £63.4m for 2023, having also made a loss of £15.4m in 2022. The last time the Quorn [...]
Mcdonald’s empire hopes new Mcflurry flavours will keep customers happy after ‘bold’ price rises September 16, 2024 “Bold” price rises at a McDonald’s franchise empire helped sales jump by more than £15m during its latest financial year. Run by Andrew Gibson, AG Restaurants runs 27 sites in Glasgow, employs more than 3,000 people and is one of the largest in the UK. The business has reported a turnover of £135.2m for 2023, [...]
Itsu: Return to the office helps boost sales September 13, 2024 The move by companies to encourage their workforce to return to the office helped sales jump at East Asian-inspired eatery chain Itsu during its latest financial year. The London-headquartered company has posted a turnover of £160.7m for 2023, up from the £137.7m it achieved in 2022. Newly-filed accounts with Companies House also show the brand’s [...]
Hellofresh: Cuts to UK workforce significantly slashes loss September 13, 2024 The last time the UK arm of Hellofresh made a pre-tax profit was the £8m it reported in 2020. Since then it has lost almost £50m.
Heinz: Price increases help sales near £1bn as inflation battle continues September 9, 2024 Sales at the UK arm of Heinz jumped towards £1bn in 2023 despite volumes decreasing after raising its prices to combat inflation in its costs, new figures have revealed. The London-headquartered division of the US giant has reported a revenue of £967.1m for the 12 months, up from the £899.7m it achieved in 2022, according [...]
Aldi hails record sales as profit surges by almost £400m but loses market share September 9, 2024 Aldi has lost market share despite achieving record sales during its latest financial year as its profit surged by almost £400m, new figures have revealed. The Warwickshire-headquartered UK arm of the German supermarket giant lost 0.2 per cent to report a market share of 10 per cent in 2023. That’s despite Aldi posting record sales [...]