Processed & Packaged Goods
(K) Kellogg Company’s Earnings Report Misses Consensus Estimates
Kellogg Company (K) reported fourth-quarter results with earnings of 46 cents per share. Earnings were below the Zacks Consensus Estimate of 48 cents and down 2.1% year over year. Quarterly net sales declined 1.1% to $2.9 billion driven by benefits from price/mix (+3.3%) and...
5Feb2010 | vitalstocks | 0 comments | Continued(HAIN) Hain Celestial Group’s Earnings In-Line
The Hain Celestial Group, Inc. (HAIN) recently reported second-quarter 2010 results buoyed by strong profit generation at its North American and Continental European operations. The quarterly earnings of 31 cents a share were in line with the Zacks Consensus Estimate, and soared...
5Feb2010 | vitalstocks | 0 comments | Continued(SLE) Sara Lee’s Earnings Beat Expectations
Sara Lee Corp. (SLE) reported strong operating income growth for the second quarter of fiscal 2010, driven by significant improvement in operating segment income across the company, particularly in the North American Retail and International Beverage business segments, and lower...
4Feb2010 | vitalstocks | 0 comments | Continued(K) Initial Jobless Claims Rise Again!
Bad news on the Initial Claims for Unemployment Insurance front. Last week initial claims rose for the third week in a row, rising 8,000 to 480,000. In addition, last week’s numbers were revised up by 2,000. The 4-week moving average of claims, which given the inherent...
4Feb2010 | vitalstocks | 0 comments | Continued(GIS) General Mills: Happy Employees, A Healthy Business And a Solid Stock
by Jeannette Di Louis, Investment U Research Tuesday, February 2, 2010 Despite the recession and mass of corporate cost-cutting measures that have resulted in America’s unemployment rate shooting to 10%, here’s a company that is bucking the trend. Not only that, it’s...
2Feb2010 | InvestmentU | 0 comments | Continued(GMCR) Green Mountain Coffee Roasters Incorporated – Earnings Estimates Spike
Green Mountain Coffee Roasters Inc. (GMCR) just hit a new 52-week and all-time high at $88.65 after reporting awesome Q1 results on Jan 28 that were easily ahead of estimates. Company Description Green Mountain Coffee Roasters Inc. operates in the specialty coffee industry in...
2Feb2010 | vitalstocks | 0 comments | Continued(MKC) McCormick & Company Barely Beats
McCormick & Company Inc. (MKC) posted robust fiscal 2009 fourth-quarter results before the opening bell on Thursday. The company recorded a 41% growth in GAAP net income to $116.4 million from $82.5 million in the year-ago quarter. Excluding restructuring charges, earnings...
29Jan2010 | vitalstocks | 0 comments | Continued(THS) TreeHouse Foods Incorporated – Consensus Earnings Estimates Jump
TreeHouse Foods Inc. (THS) recently announced it was acquiring Sturm Foods, a 105-year old Wisconsin food manufacturer, which will result in over 16% accretion on an annual basis. THS also raised 2009 earnings guidance. Company Description TreeHouse Foods manufacturers various...
8Jan2010 | vitalstocks | 0 comments | Continued(SLE) Sara Lee Corporation – Earnings Estimates Advance
Sara Lee Corp. (SLE) gapped open on its strong Q1 results from early November on lower costs and strong North American sales, driving shares to a new 52-weke high above $12. Company Description Sara Lee develops and manufactures a wide range of branded packaged food products...
27Dec2009 | vitalstocks | 0 comments | Continued(DLM) Del Monte Foods Company – Posted Another Big Earnings Beat in the Fiscal 2010 Second Quarter
Del Monte Foods Company (DLM) has surprised on estimates 4 quarters in a row by an average of 260.60%. DLM is trading with a forward P/E of 11. Company Description Del Monte Foods distributes food and pet products in the United States and South America. It owns many well-known...
27Dec2009 | vitalstocks | 0 comments | Continued(CAG) ConAgra Foods Beats Expectations – Raises Guidance
ConAgra Foods Inc. (CAG) reported encouraging results for the second quarter of 2010, with earnings of 52 cents per share. Earnings were well above the Zacks Consensus Estimate of 47 cents and were up 44.7% year over year. Total revenue for ConAgra declined 2.4% to $3.1 billion...
22Dec2009 | vitalstocks | 0 comments | Continued(THS) TreeHouse Foods Inc Acquires Sturm Foods
TreeHouse Foods Inc. (THS) on Monday raised its 2009 earnings guidance and announced the acquisition of cereal maker Sturm Foods for $660 million. The company stated that it now expects full-year adjusted earnings to range between $2.10 and $2.12 per share, compared to the earlier...
22Dec2009 | vitalstocks | 0 comments | Continued(GIS) General Mills Beats Expectations and Raises Dividend
General Mills Inc. (GIS) reported strong results for the second quarter of fiscal 2010, with earnings of $1.54 per share. Earnings were well above the Zacks Consensus Estimate of $1.45 and up 13.3% year-over-year. Profits were driven by lower commodity costs and strong demand...
17Dec2009 | vitalstocks | 0 comments | Continued(GIS) General Mills Raises Dividend 4.3%
The Board of Directors of General Mills (GIS) declared a 4.3% increase in the quarterly dividend to 49 cents per share. This raises the annual dividend by 12% to $1.92 per share compared to $1.72 earlier. The dividend will be paid on Feb 1, 2010 to shareholders on record as at...
15Dec2009 | vitalstocks | 0 comments | Continued(PEP) PepsiCo Signs New Deal With Dr Pepper Snapple Group
PepsiCo (PEP) entered into an agreement with Dr Pepper Snapple Group, Inc. (DPS) to manufacture and distribute certain DPS products following the completion of acquisition of its two anchor bottlers, The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS). Under the...
15Dec2009 | vitalstocks | 0 comments | Continued(SJM) The J.M. Smucker Company – Surprised for the 4th Quarter in a Row
The J.M. Smucker Company (SJM) recently reported record second quarter results and raised fiscal 2010 guidance. The company is trading at 14.7x forward earnings. Company Description Smucker manufactures food products in North America, including fruit spreads, coffee, peanut butter,...
8Dec2009 | vitalstocks | 0 comments | Continued(CPB) Campbell’s Soup Beats – Raises Guidance
Campbell Soup Co. (CPB) reported fiscal first-quarter earnings of 87 cents per share, which was above the Zacks Consensus Estimate of 81 cents. Quarterly earnings were up 14.5% compared to the prior-year quarter. Quarterly net sales declined 2.1% year over year due to a negative...
23Nov2009 | vitalstocks | 0 comments | Continued(SJM) J.M. Smucker Company Beats the Street – Raises Guidance
J.M. Smucker Company (SJM) reported second quarter results with earnings of $1.22 per share, which was well above the Zacks Consensus Estimate of 99 cents. Quarterly earnings were up 21% compared to $1.01 reported in the prior-year quarter. Net sales for the quarter grew 51.7%...
20Nov2009 | vitalstocks | 0 comments | Continued(GMCR) Green Mountain Coffee Roasters Aquires Timothy’s Coffees of the World
Green Mountain Coffee Roasters, Inc. (GMCR) recently acquired Timothy’s Coffees of the World, Inc., an affiliate of Sun Capital Partners, Inc. The acquisition was a cash transaction of approximately $157 million. The acquisition includes the Timothy’s World Coffee brand and...
18Nov2009 | vitalstocks | 0 comments | Continued(HAIN) Hain Celestial Group’s Earnings in Line
The Hain Celestial Group, Inc. (HAIN), recently reported first-quarter 2010 results. The quarterly earnings of 23 cents a share were in line with the Zacks Consensus Estimate, but fell 17.9% from 28 cents delivered in the prior-year quarter. However, on a reported basis, including...
10Nov2009 | vitalstocks | 0 comments | Continued(K) Kellogg Exceeds Estimates – Raises Forward Guidance
Kellogg Company (K) reported strong third-quarter results with earnings of 94 cents per share. Earnings were well above the Zacks Consensus Estimate of 83 cents and up 4.4% year over year, despite ongoing cost pressures and the challenging economic environment. Quarterly net...
29Oct2009 | vitalstocks | 0 comments | Continued(GIS) Better than Expected Earnings Trends
Earnings Trends Key Points: Earnings surprise ratio (#beat / #miss) at 5.56 Median Earnings Surprise 7.90% Year-over-year earnings growth ratio (# Positive Growth/# Negative Growth) at 0.74 Sales surprise ratio at 2.0 Sales growth ratio at just 0.35 Total net income for S&P...
21Oct2009 | vitalstocks | 0 comments | Continued(CAG) ConAgra Foods Reduces Sodium in its Food Products
Last week, ConAgra Foods Inc. (CAG) announced that it would reduce salt by 20% across its portfolio of food products by 2015. Since 2006, the company has already removed more than 2 million pounds of salt from it products. The company’s commitment builds on ConAgra Foods’...
19Oct2009 | vitalstocks | 0 comments | Continued(HAIN) Hain Celestial – Bear of the Day
The natural and organic food industry including Hain Celestial (HAIN) is facing the brunt of the economic slowdown and escalating costs. The ongoing turmoil and the battered financial market are exerting pressure on consumer disposable incomes triggering a shift in focus from...
12Oct2009 | vitalstocks | 0 comments | Continued(PEP) PepsiCo Beats, Reaffirms Guidance
PepsiCo Inc. (PEP) reported strong third quarter results with earnings of $1.09 per share. This was 6 cents above the Zacks Consensus Estimate of $1.03 and up 10.1% year-over-year. The strong results were driven by the company’s balanced approach towards product innovation...
8Oct2009 | vitalstocks | 0 comments | Continued(CPB) Campbell Soup Beats Estimates
Campbell Soup Co. (CPB) reported fourth-quarter earnings of 30 cents per share, which was above the Zacks Consensus Estimate of 26 cents. Earnings were also up 15.4% compared to the prior-year quarter. For the full year, profit was $2.22, up 10.4% versus fiscal 2008, primarily...
14Sep2009 | vitalstocks | 0 comments | Continued(HAIN) Hain Celestial Group Misses Earnings Estimates
In a turbulent economic environment, The Hain Celestial Group, Inc. (HAIN) reported fourth quarter financial results with a double-digit fall in the bottom-line. Earnings per share (excluding one-time items) for thequarter were 28 cents, well below the Zacks Consensus Estimate...
27Aug2009 | vitalstocks | 0 comments | Continued(SJM) JM Smucker 92 cents earnings beats consensus of 81 cents – Reaffirms Guidance
J.M. Smucker Co. (SJM) recently reported a 12% rise in first-quarter earnings to 92 cents beating the Zacks Consensus Estimate of 81 cents. Quarterly net sales grew 58.4% year over year, primarily due to the addition of Folgers coffee business. Excluding the Folgers business,...
21Aug2009 | vitalstocks | 0 comments | Continued(JMBA) Jamba transitioning to a more franchise-centric model to get the right blend
Amid a turbulent economic environment which has been negatively impacting the restaurant industry, Jamba Inc. (JMBA) reported improved second quarter 2009 financial results on account of cost-cutting initiatives. Consolidated EBITDA, which came in at $10.3 million, increased...
21Aug2009 | vitalstocks | 0 comments | Continued(CPO) Corn Products International, Inc. – 2009 consensus rose to $1.88 from $1.80 in the last 30 days
Corn Products International, Inc. (CPO) has had a few tough quarters since I last wrote about it in December 2008. The company, the largest producer of dextrose in the world and manufactures starches, high fructose corn syrups and glucose, reported second quarter results on July...
10Aug2009 | vitalstocks | 0 comments | Continued