Q2 operating profit 7.1 bln SEK vs forecast 7.4 bln Q2 net sales up 3 in local currencies Sees drop in June sales, partly due to poor weather Shares fall as much as 15 STOCKHOLM, June 27 Reuters HM cast doubt over its fullyear profit margin target on Thursday after missing quarterly earnings forecasts and predicting […]

June 27 Reuters McCormick beat market expectations for secondquarter profit and sales on Thursday, led by strong demand for its spices and seasonings in Europe, Middle East and Africa. Customers grappling with stillhigh costs preferred cooking at home to dining out, improving volumes across the company39;s consumer segment, its biggest unit. Consumer sales in Europe, Middle […]

BENGALURU, June 27 Reuters Indian whisky maker Allied Blenders and Distillers39; 180million IPO was oversubscribed on Thursday but fell short of the blowout demand for recent issues amid concerns about its growth prospects in an increasingly competitive liquor market. The IPO, the first by an alcohol company since Sula Vineyards39; in 2022, received bids for 924.9 million […]

June 27 Reuters Levi Strauss shares tumbled nearly 16 on Thursday after weakness in the denim maker39;s U.S. wholesale business led to downbeat secondquarter revenue. The company39;s wholesale revenue fell by a midsingle digit percentage in the United States, while sales at its directtoconsumer DTC unit jumped 12 in the quarter ended May 26. It was a good […]

June 27 Reuters Micron shares fell 5 in early trading on Thursday after the memory chipmaker39;s quarterly revenue forecast failed to impress investors looking for outsized results powered by the AI boom. The company, one of the few providers of highbandwidth memory HBM chips that power advanced AI systems, has said it had sold out those […]