The Chinese budget retailer’s first-quarter (Q1) profit tripled year-on-year (YoY) to 1.25 billion yuan ($180.9 million), from 416.5 million yuan in the same period last year. Revenue for the quarter increased 28.5% year-on-year to 5.68 billion yuan. The company said the increase was supported by mid-single-digit comparable sales growth at the group level. Miniso brand…
By Hyunjoo Jin SEOUL, April 3 (Reuters) – Samsung Electronics, which is benefiting from rising chip prices fueled by the rise of artificial intelligence, is expected to post a six-fold increase in operating profit between January and March, a quarterly record and just shy of what it earned for the entire last business year. Driven…
British online electrical retailer AO World has raised its full-year profit expectations after reporting higher sales and profits for the first half, despite inflationary “headwinds”. For the financial year ending March 31, 2026, the retailer now anticipates adjusted profit before tax to be near the top end of its previously stated range of £45m ($59m)…
Roku reported its first quarterly operating profit since 2021. Management expects double-digit platform revenue growth and improving operating margins to continue through 2026. Based on Netflix’s recent results, there’s still plenty of room for growth for Roku. 10 stocks we like more than Roku › roku (NASDAQ:ROKU) The stock has struggled since the pandemic, as…
Midsona is launching a restructuring exercise to improve the Spanish organic and plant-based foods company’s profit margins. The program is being implemented by President and CEO Henrik Hyalmarsson, who replaced Peter Åsberg in October, and aims to generate annual savings of 20 million Swedish krona ($2.1 million) on a run-rate basis. Publicly-listed Midsona announced the…
