• Whole Foods Market said that its first-quarter net income climbed 26 percent to $58.3 million, from $46.2 million a year earlier. Sales were up 22 percent to $1.7 billion.
• Canadian retailer Loblaws reported a 40 percent drop in fourth quarter net income to the equivalent of $175 million (US), even as Q1 sales rose four percent to $5.7 billion (US). The company blamed the earnings shortfall on charges related to distribution changes.
For the fiscal year, Loblaws reported that net income dropped 23 percent to $649 million (US), and sales were up six percent to $24.2 billion (US).
• PepsiCo reported fourth quarter profit of $1.11 billion, up from $985 million during the same period a year earlier. Revenue increased 15 percent to $10.1 billion from $8.8 billion, helped by one extra selling week compared with last year.
For the full year, the company's earnings fell to $4.08 billion, from $4.21 billion a year earlier. Revenue grew to $32.56 billion from $29.26 billion.
• Canadian retailer Loblaws reported a 40 percent drop in fourth quarter net income to the equivalent of $175 million (US), even as Q1 sales rose four percent to $5.7 billion (US). The company blamed the earnings shortfall on charges related to distribution changes.
For the fiscal year, Loblaws reported that net income dropped 23 percent to $649 million (US), and sales were up six percent to $24.2 billion (US).
• PepsiCo reported fourth quarter profit of $1.11 billion, up from $985 million during the same period a year earlier. Revenue increased 15 percent to $10.1 billion from $8.8 billion, helped by one extra selling week compared with last year.
For the full year, the company's earnings fell to $4.08 billion, from $4.21 billion a year earlier. Revenue grew to $32.56 billion from $29.26 billion.
- KC's View:
