Coca-Cola wants to halve its brand portfolio. Some two hundred brands will go out, as sales continue to fall in all regions due to the corona pandemic. Nevertheless, it was a better-than-expected third quarter.
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Despite the corona crisis, Unilever has had a more than solid quarter. In particular, the company sold more products through supermarkets, compensating for the decline in sales in the out-of-home segment.
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Electronics retailer Fnac Darty reinforces its omni-channel model and focuses on additional services and new product groups. This led to good revenue growth in the third quarter, with strong online sales.
Procter & Gamble is not hurt by the corona crisis. The FMCG giant saw a sharp increase in sales and profits in the past quarter, fuelled by increasing demand for laundry and cleaning products during the pandemic.
Nestlé may be winning the corona crisis. The FMCG manufacturer is raising its expectations for 2020, after reporting comparable growth of 4.9% in the past quarter.
In order to adapt to a new COVID world and return to growth, Danone will restructure its organisation and divest some activities. The company sees vegetable dairy alternatives performing strongly.
HelloFresh is raising its forecast for the fourth time this financial year. Turnover will easily double this year, according to the mealbox delivery service.
LVMH sold more handbags and leather goods in the third quarter, although there was still a sharp decline in the duty-free and cosmetics segments. The luxury holding company sees "encouraging signs of recovery".
Uniqlo remains determined to overtake Zara. Although parent company Fast Retailing saw profits plummet by 44% in the past financial year and sales fall by 12.3%, the Japanese clothing giant is already expecting a strong recovery next year.
German Metro group almost achieved the same turnover in the fourth quarter as last year. This means recovery was (so far) smoother than expected.
Bestseller, the group behind Vero Moda, Jack & Jones and more, closes its financial year "unexpectedly positive". The decline in turnover was smaller than expected, although profits plummeted rapidly.
In its third quarter, Takeaway.com received almost twice as many orders and exceeded forecasts. The company is also on track with the integration of Just Eat and GrubHub.
Ceconomy, the holding company behind MediaMarkt and Saturn, is recovering from the corona crisis faster than expected. The German company is raising its forecasts for this financial year, although thousands of jobs are still at risk.
Zalando increases its outlook for 2020 after a strong third quarter. The online platform now expects to sell at least a quarter more this year, after a 20% increase in sales in the past quarter.
Exki has to do with 40% less turnover as a result of the pandemic. Due to the lack of international tourism and the absence of many commuters, some branches of the chain remain temporarily closed.
As a result of changing consumer behaviour during the health crisis, Tesco increased its turnover by 6.6% and its gross profit by 4% in the six months through August. Yet the supermarket group also faces criticism.