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  • Royal Ahold yesterday announced a 2003 net loss that was the equivalent of $1.2 million (US), compared to a $1.4 billion loss during the pervious year – marking an enormous shift as the company attempts to get its scandal-ridden operations back on solid footing.


  • Tesco announced this morning that its annual profit last year was the equivalent of $3.1 billion (US), a 22 percent increase over the previous year. Total sales were up better than 18 percent to $60.4 billion (US).

    Chief executive Terry Leahy said that the company had "a track record of doing well in competitive markets" and pointed to non-food and convenience stores as growth areas. The company also announced that it will open over 100 new stores overseas next year.


  • Kraft Foods announced that first-quarter profits were down 34 percent, to $560 million compared to $848 million in the same period of 2003.

    Revenues were a better-than-expected $7.69 billion, up 4.5 percent from $7.36 billion a year earlier.

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