Sees overall demand as soft but improving.

Retail giant cites ‘broad-based strength’ in Q2.

Stock price, however, falls 11% after fiscal-year results announced.

Net sales down 12% in the year.

Growth continues in bakery, meat and dairy.

Despite quarterly loss, shares move sharply higher.

Higher volumes of most core products, brands drive growth.

Second-half outlook trimmed amid softness in salty snack category.

Foreign exchange and price/mix bring down sales.
 

Distillery closing continues to weigh on results.