Articles about forecast

eBay announces lower-than-expected forecast for final quarter

EBay has announced a lower-than-expected sales and profit forecast for its final quarter.

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Primark owner AB Foods expects second half profit to beat forecast
Photo credit: My-Retail Media

Food and apparel company Associated British Foods Plc has revealed it expects second-half earnings to exceed its own expectations for the period thanks to a surge in growth at its fast-fashion chain, Primark. The FTSE 100 company said its adjusted operating profit for the second half will top forecasts, while adjusted earnings share for the 12 months to 14 September will “show good progress,” the group said in a statement on Monday.

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Carrefour’s first half profits rise as turnaround takes hold
Photo credit: Carrefour

Carrefour on Thursday announced a clear improvement at its core French business as its plan for recovery began to gain traction. The world’s second largest retailer between Walmart and Tesco has struggled in recent years in its domestic European market, after building a heavy reliance on its hypermarket stores, during a time of shifting consumer behaviour that now tends towards smaller, localised stores.

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Westfield reveals a 36% drop in H1 profit

Westfield Group on Thursday announced first-half net profit fell by 36 per cent as sales at less-profitable malls dragged down overall revenue.

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CBI results find retail sales fell unexpectedly in May
Photo credit: My Retail Media

A survey by the Confederation of British Industry on Wednesday revealed British retail sales fell at their fastest pace in 16 months during May. CBI’s monthly distributive trades survey showed the sales balance fell to -11 from -1 in April, despite an analyst forecast for a reading of +3.

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Crunch time as M&S expected to post lowest annual profit in four years
Photo credit: Marks & Spencer plc

One of Britain’s best-known brands is expected to report its lowest annual profit in four years on Tuesday, as sales continue to drag for Marks & Spencer. The department store is forecast by analysts to report a profit before tax and one-off items of £640 million to £670 million tomorrow, with a consensus of £658 million, according to a company poll.

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Sainsbury meets forecasts for Christmas, despite a slowdown in growth
Photo credit: Sainsbury's plc

Sainsbury’s on Wednesday revealed it had met analysts’ forecasts for the Christmas trading period, with sales at stores open over a year up 0.9 per cent. Total third quarter sales rose 3.3 per cent excluding fuel in the 14 weeks to 5 January, Sainsbury’s third financial quarter, which was the retailer’s 32nd consecutive quarter of underlying sales growth.

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Next raises profit forecast as Christmas sales improve nearly 4%
Photo credit: Next plc

Next has raised its full-year profit forecast as it reported back on a lift in sales in the run-up to Christmas. Having overtaken Marks & Spencer as the UK’s largest clothing retailer by sales in early 2012, Next said total sales from 1 November to Christmas Eve rose 3.9 per cent from a year earlier, while online sales were up 11.2 per cent.

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Tesco expected to post fall in Q3 sales
Photo credit: Tesco plc

The UK’s biggest retailer is this week expected to post a fall in sales despite undergoing a £1 billion turnaround strategy. According to the Telegraph, the City is forecasting like-for-like sales could drop up to 1 per cent for Tesco’s third quarter, compared with a 0.1 per cent rise in the second quarter this year.

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Christmas to bring small rise in December sales
Photo credit: Selfridges

Christmas arrives at Selfridges London's Food Hall. Christmas sales are set to grow by 1 per cent this December for the UK, according to a new report by Deloitte, although with inflation standing at 2.5 per cent, sales volumes will fall. Figures published by Deloitte on Monday forecast total retail sales in December, excluding fuel, of £36.6 billion, up from £36.2 billion for December 2011.

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