The Coca-Cola Company has reported ‘solid’ first quarter 2012 results, with strong volume and revenue growth, and volume and value share gains across every non-alcoholic ready-to-drink beverage category in which it competes.
Highlights include:
Retailer Marks & Spencer has achieved less than predicted sales across its stores, according to its Q4 Trading Statement. Covering the 13 weeks from the start of 2012 till the end of March, the company achieved a growth in like-for-like food sales of 1%.
The fourth quarter outcome included a 2.8% fall in general merchandise, mainly clothing, like-for-like sales against consensus forecasts of increases of 0.2%. Shares in M&S fell nearly 3% after it announced sales at its stores had fallen 0.7%.
The company is optimistic that it will meet expectations for 2011/12 profit thanks to cost savings.
Danone has announced a 7.6% increase in Q1 2012 consolidated sales to €5.12bn, boosted by strong demand for bottled water in emerging markets.
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