Colgate-Palmolive’s (CL) Hill’s business has been organically growing mid-single digits consistently, due to Hill’s innovation pipeline.
Colgate continues to put an enormous emphasis on gross margin. The company is also working hard to put down overhead costs as a percentage of sales.
Colgate-Palmolive’s 4Q15 gross margin increased by 20 basis points to 58.8%. Over the past three years, its gross margin plateaued on forex headwinds.
In 4Q15, Colgate-Palmolive came in ahead of consensus Wall Street analyst estimates on earnings after being in line with estimates for three quarters.
Ian Cook has run Colgate-Palmolive for nine years and is expected to step down in five years. P. Justin Skala and Noel R. Wallace will assume CFO roles.
Philip Morris International (PM) and Altria Group (MO) are trading at higher valuations relative to the S&P 500 Index (IVV) (SPY) (VOO) and the Dow Jones Industrial Average (DIA).
After Philip Morris released its earnings on February 4, 2016, the stock fell 0.8% to $89.10. PM stock has consistently seen volatility since the start of 2015.
Philip Morris’ (PM) reported operating income declined 27.6% to $1.9 billion in 4Q15 compared to $2.6 billion in 4Q14. The decline was primarily due to the negative impact of foreign currency.
Generally recognized as the world’s best-selling international cigarette, Marlboro accounted for 33.7% of the company’s total shipment volume in 2015.
Increasing health consciousness had led companies such as Philip Morris to shift from traditional smoking to innovations such as e-cigarettes.
On March 21, 2016, Philip Morris (PM) presented at the Consumer Analyst Group of Europe conference. CFO Jacek Olczak highlighted the company’s expansion through innovations.
Critical European indexes were all trading on a negative note on March 10, 2016, at 11:30 AM EST. The DAX was leading the decline in European indexes as it fell by 2.4%, and France’s CAC 40 traded lower by 1.5%.
On November 24, 2015, TheStreet reported that George Soros’s investment company, Soros Fund Management, owned 318,000 shares worth $32.8 million in Netflix.
The looming possibility of a December interest rate hike has begun to affect gold investors, as gold has retreated 7.40% in the past 30 trading days.
The flows into investment-grade bond funds were positive for the week ending October 28. This was the third consecutive week of inflows.
US corporates were the biggest issuers of high-grade bonds in the week ending October 30. They accounted for 67.1%, or $25.7 billion, of all the issues.
The US Department of the Treasury conducted the weekly auction of four-week Treasury bills, or T-bills, on October 27. The issuance was $5 billion.
The US Department of the Treasury auctioned 13-week Treasury bills, or T-bills, worth $26 billion on October 26. The overall auction demand was lower.
The US Department of the Treasury held the weekly 26-week Treasury bills, or T-bills, auction on October 26. T-bills worth $26 billion were on offer.
The US Department of the Treasury introduced two-year FRNs (floating rate notes) in January 2014. An FRN is a debt security. Its interest payment varies.