Food
Coffee and tea giant JDE Peet's saw the drop in out-of-home coffee consumption compensated by a rise in home consumption, where customers seem to prefer more expensive coffees.
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Fashion
Outdoor group VF Corp, owner of brands like The North Face and Vans, saw its turnover halved last quarter, but is very optimistic about the long-term future as outdoors, sustainability, casual wear and digital sales are on the rise.
Comparable sales went down more than 40 % at French luxury brand Hermès, which felt obligated to emphasise that the crisis is not over yet.
Cosmetics
Cosmetics lose their importance during lockdowns: L'Oréal's turnover went down more than expected, while profit dropped as well.
General
Amazon reached its highest profit ever thanks to the Covid-19 pandemic: it sold 40 % more than the year before, enabling profit to double to 5.2 billion dollars (4.4 billion euros).
AB InBev has suffered a huge downturn in beer sales last quarter, due to the measures to stop the spread of Covid-19. Profits went downhill even faster for the world's largest brewery group, which also had to admit a huge impairment in Africa.
French luxury group Kering, owner of Gucci and rival to LVMH, saw its sales drop by 44 % in the past quarter. Despite the first signs of recovery after the lockdowns, especially in China, the second half of the year remains uncertain.
Helped by strong growth figures in Belgium, Spain and Brazil, French hypermarket chain Carrefour ended the first half of the year with results that were better than expected. The group is focusing even more strongly on cost savings in order to increase profitability.
Dutch suit maker SuitSupply has improved dramatically from last year: its net loss is almost gone, and it found new capital to continue growth.
Luxury is one of the worst hit sectors by the covid pandemic, as proven (again) by LVMH's half-year results. Turnover went down 27 %, net profit even 85 %.
Unilever has exceeded expectations last semester: profit grew even during the height of the Covid-19 crisis. Still, the company decided to divest (most of) its tea segment.
Dutch food wholesaler Sligro suffered a 17 % turnover drop last semester, as the Covid-19 fallout also halved its EBIT and pushed net profit far below zero.
The Covid-measures inflicted Coca-Cola with a 28 % turnover drop in the second quarter of its financial year. Still, the soft drinks producer remains hopeful as it sees signs of recovery.
Burberry is going to cut 500 jobs, 150 of which in its British headquarters. Along with other measures, this should save the luxury brand 60 million euros annually.
A strong second quarter has led Zalando to increase its forecasts to a full-year sales growth of 15 to 20 %. The German webshop was helped by the coronavirus pandemic, which forced a lot of people to shop online.
The lockdown measures against the coronavirus proved to be a blessing for meal supplier HelloFresh: in the second quarter just as in the first, demand for meal boxes increased sharply.
