A stronger US dollar is one factor that has contributed to the dismal stock market performance of US-based automakers. A stronger US dollar works to General Motors’ disadvantage.
It was a 2Q15 earnings beat for General Motors, whose results were better than the average analyst expectations and received well on Wall Street.
Dr Pepper Snapple’s (DPS) operating margin in the second quarter of 2015 improved by 100 basis points to 22.3% from the comparable quarter of the previous year.
As of July 24, Dr Pepper Snapple’s (DPS) stock price has appreciated by 8.8% to $77.92 since the beginning of 2015.
Dr Pepper Snapple (DPS) reported a 1% growth in its overall volumes in 2Q15, which ended June 30, 2015.
Dr Pepper Snapple (DPS) reported net sales of $1.66 billion, reflecting 1.5% growth in the second quarter of 2015 compared to the corresponding quarter of the previous year.
Dr Pepper Snapple’s (DPS) adjusted earnings per share came in at $1.13 for the second quarter of 2015, which ended June 30, 2015.
About 38% of corn produced is used as animal feed in the United States. So naturally, a drop in corn prices will have a positive impact on meat prices.
It may appear that the avian flu would cause an increase in chicken prices, but the opposite is happening. According to the USDA, the production of broiler chicken was not impacted.
Pork prices have dropped significantly in 2015 from the high of $1.38 per pound in June 2014 to the low of $0.65 per pound in March 2015.
Beef prices have been on a downtrend since the beginning of 2015. Cattle inventory increased 2% in July, which may indicate that beef prices could continue to fall in 2015 and 2016.
Food commodity costs have been favorable to the restaurant industry so far in 2015. But where do they stand as of July 2015?
VF Corporation is trading at a forward PE ratio of 22.1x. However, valuations are trailing most peers with the exception of Wolverine and Deckers.
Despite relatively muted results, VFC has upwardly revised its guidance for 2015 in terms of adjusted EPS, which is expected to increase by 15% to $3.22 versus previous expectations of $3.20.
Direct-to-consumer revenue came in at 26% of VFC’s total sales in 2Q15, or $0.7 billion. DTC sales consist of sales made at company-owned retail stores and online through its websites.
VF’s jeanswear revenue was flat year-over-year at $608 million in 2Q15. Wrangler saw sales in the Americas grow in the mid-single digits.
Vans is one of VF Corporation’s $2 billion brands. Its reported sales rose 17% in 2Q15, its 23rd straight quarter of double-digit growth.
VF Corporation (VFC) released its 2Q15 earnings on July 24, coming in ahead of Wall Street estimates on both earnings and revenue after three quarters of misses.
Under Armour (UA) reported an adjusted earnings per share (or EPS) of $0.07 in 2Q15, ahead of consensus Wall Street analyst estimates at $0.048.
In its 2Q15 earnings call, Under Armour (UA) announced that it should turn a profit in its European operations for the first time in 2015.