RECENT Consumer Staples RESEARCH
PepsiCo’s 3Q15 earnings came in at $1.35 per share on an adjusted basis, ahead of the consensus Wall Street analyst earnings estimate of $1.26 per share.
In September 2015, Keurig Green Mountain announced the launch of its much-awaited Keurig Kold beverage system.
Coca-Cola announced its plans to divest nine production facilities to three of its independent bottlers pursuant to letters of intent signed with these entities.
PepsiCo’s stock price has been impacted by weak performance in the first half of the year and the recent turmoil in the stock markets due to global factors like the slowdown in China.
Anheuser-Busch InBev has announced that it has intimated to SABMiller its intentions to make an offer to acquire the beer company.
General Mills reported its 1Q16 earnings on September 22, 2015. Its stock had been following a rising trend this month but fell by 1.58% on September 18.
Following the report of 1Q16 earnings, ConAgra Foods’s stock fell hard by 8%, closing at $39.04 on September 22.
Coca-Cola’s growth strategy includes focusing on productivity, streamlining organization, making disciplined investments, adapting a segmented approach to driving revenue, and focusing on a core business model.
Coffee Holding (JVA) reported its 3Q15 financial results on September 14, 2015. Net sales increased to $27.0 million compared to $26.6 million in 3Q14.
PepsiCo’s strategy for its UK business involves continued investment in its core brands across snacks and beverages, including Walkers, Tropicana, Naked, Quaker, and Pepsi.
For the fourth quarter and fiscal year ended June 30, 2015, Farmers Brothers stock rose by 24.6% following its September 9 earnings announcement. It closed at $26.54 on September 10.
Casey’s General Stores (CASY) has a market cap of $4.23 billion. It owns and operates over 1,850 convenience stores in 14 midwestern states.
The per capita consumption of bottled water in the US increased to 34 gallons in 2014 from 16.7 gallons in 2000.
The Campbell Soup Company reported its fiscal 4Q15 earnings results on September 3, 2015. Following its earnings release, the stock went up by 2%, closing at $48.53 on September 3.
On August 25, Sanderson Farms reported its earnings results for the fiscal third quarter of 2015. Net sales for the quarter were $739.9 million, compared with $768.4 million for the same quarter in 2014.
On August 19, 2015, Hormel Foods Corporation (HRL) reported record performance for fiscal 2015’s third quarter.
Walmart’s adjusted EPS (earnings per share) for 2Q16 fell short of expectations at $1.08, down 10.7% over 2Q15. Target’s adjusted EPS rose 20.6%, ahead of Wall Street estimates.
Recently, SUPERVALU (SVU) announced that it’s planning to spin off its most valued segment—Save-A-Lot. It’s comprised of 1,300 discount grocery stores.
Monster Beverage disappointed investors with a lackluster performance in 2Q15. The company’s adjusted earnings per share were $0.79, missing consensus analyst estimates of $0.91.
CVS Health declared its 2Q15 results on August 4, beating consensus Wall Street analyst estimates for the fifth straight quarter. The company’s results were upbeat, with sales rising 7.4% year-over-year to $37.2 billion.