The confinement due to the coronavirus in many countries led to first quarter growth for Nestlé, but Chinese sales fell and recent divestments by the food giant also had a negative impact.
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French supermarket group Casino published a favourable quarterly report, with an increase in turnover that it largely owes to the lockdown in France. Both online activities and convenience stores reported exceptional results.
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Hermès appears to be more resilient to the coronavirus crisis than many of its competitors: sales declined by "only" 7.7 % on a comparable basis in the first quarter, and sales in China are now expected to pick up again.
Unilever has withdrawn its full-year forecast, feeling it cannot reliably estimate the consequences of the corona pandemic. The FMCG giant's first quarter turnover rose slightly.
People seem to be drinking less during the corona crisis: Heineken's sales volume decreased by 14 % in March, resulting in a volume decline of 2.1 % for the quarter as a whole. And still, the beverage group believes the second quarter will be even tougher.
The coronavirus outbreak, especially in China, has a major impact on luxury group Kering: the Gucci owner saw turnover drop 15.4 % in the first quarter. Nevertheless, the fashion house is already seeing signs of recovery.
Danone fares well under the current confinement: in March, sales increased by 5 to 10 % thanks to consumer stockpiling. In its first quarter, the group recorded a 3.7 % sales increase on a comparable basis. Belgian subsidiary Alpro is even struggling to meet demand.
Coca-Cola has warned its turnover in the second quarter may be hit hard by the corona crisis. Its sales in April have gone down by a quarter.
The coronavirus has caused an unprecedented turnover drop at fashion discounter Primark. As the chain has no webshop and all physical stores are closed, its monthly sales have dropped to literally zero euros.
Greenyard is running at full speed: sales have risen sharply due to the high demand during the coronavirus pandemic and profits are also improving, the Belgian vegetable processor reports in an intermediary update.
The Covid-19 pandemic has cost French luxury group LVMH 15 % in revenue in its first quarter. Most shops and production facilities are closed, but owner Bernard Arnault remains positive. He has waived his salary to set an example.
German fashion webshop Zalando has had to admit a (preliminary) loss for this year's first quarter. The company now wants to speed up its platform and support its partners more.
Asos wants to raise more than 200 million pounds (230 million euros) with a new share issue, following the announcement of strong half-year figures. During the corona crisis, however, sales fell by almost 25 %.
Stockpiling consumers have boosted Tesco's turnover by 30 %, but the coronavirus crisis also costs the British supermarket chain nearly a billion euros. The retailer was doing better last year, but now the coronavirus threatens to undo all that good work.
Dutch-Belgian retail group Ahold Delhaize has had an excellent quarter, as corona-related stockpiling pushed its turnover 15 % higher. In March, American comparable growth was even 34 %.
In the first quarter of its financial year (up to 29 February), H&M doubled its profits and increased sales by 8 %. Good news then, until the coronavirus hit the world: in March, turnover was halved.