RECENT Consumer Staples RESEARCH
Tyson Foods (TSN) stock took a beating following its sluggish fiscal 2Q17 results. TSN plans to report its fiscal 3Q17 sales and earnings results on August 7.
Whole Foods Market (WFM) reported its results for fiscal 3Q17 on Wednesday, July 26, 2017.
Minnesota-based SUPERVALU (SVU) reported its fiscal 1Q18 results on July 25, 2017. The results pertain to the three-month period that ended on June 17, 2017.
Mondelēz stock has taken a beating in the past month and a half amid industry-wide weakness, increased competition, changing retail dynamics, and cyber attacks.
Monster Beverage stock has risen 20.4% on a YTD (year-to-date) basis as of July 25, 2017.
In 1Q17, Dr Pepper Snapple delivered sales of $1.5 billion, missing the consensus analysts’ sales estimate of $1.6 billion.
Soda giant Coca-Cola (KO) is scheduled to report its 2Q17 results on July 26. KO’s stock price has risen 8.1% on a YTD basis as of July 19.
Arizona-based Sprouts Farmers Market (SFM) is slated to release its 2Q17 results on August 3. Its total sales are expected to rise 12.9% year-over-year to ~$1.2 billion.
Hershey (HSY) plans to report its 2Q17 results on July 26, 2017. On July 19, HSY stock outperformed its peers in terms of price appreciation on a year-to-date basis.
As of July 19, 2017, J.M. Smucker (SJM) stock is down 8.8% on a YTD (year-to-date) basis.
Whole Foods Market is scheduled to report its fiscal 3Q17 results after the market closes on July 26, 2017. These results will relate to the three months that ended on July 2, 2017.
Minneapolis-based SUPERVALU (SVU) is scheduled to report its fiscal 1Q18 earnings results on July 25, 2017.
Target has taken several strategic initiatives to accelerate its sales growth. However, most of these initiatives are likely to take time before they will have a meaningful impact.
Whole Foods was best-performing stock in the bunch, gaining 20% in June—thanks to the Amazon acquisition.
So far this year, food stocks have largely disappointed investors, and the outlook for the rest of the year appears no better. Stock prices for food manufacturers have been on a downtrend, underperforming the S&P 500 Index (SPX-INDEX) on a YTD (year-to-date) basis, as the graph below shows. As of July 3, Campbell Soup (CPB), General Mills (GIS), Conagra Brands (CAG), J. M. Smucker (SJM), Kellogg (K), and Kraft Heinz (KHC) have fallen 13.7%, 10.7%, 10.2%, 7.7%, 6.7%, and 3.3%, respectively, YTD. The S&P 500 Index has returned 8.5% during the same period.
So far this year, food stocks have largely disappointed investors, and the outlook for the rest of the year appears no better.
This pre-earnings series on PepsiCo’s upcoming 2Q17 results will discuss trends in the company’s sales and earnings as well as analyst expectations.
Conagra Brands (CAG) reported mixed fiscal 4Q17 results on June 29, 2017. After the earnings release, CAG stock fell 4.3% in two trading days.
Constellation Brands (STZ) stock rose 5.0% on June 29 in reaction to the company’s strong earnings for fiscal 1Q18.
Illinois-based Walgreens Boots Alliance (WBA) reported results for 3Q17 on Thursday, June 29, 2017.