RECENT Consumer Staples RESEARCH
PepsiCo (PEP) is scheduled to announce its fiscal 3Q17 results on October 4. The snack food and beverage giant surpassed analysts’ revenue and earnings expectations in the first two quarters of fiscal 2017.
Costco (COST) is scheduled to report its fiscal 4Q17 earnings on Thursday, October 5. Analysts expect the company to post stellar sales and EPS.
Packaged food manufacturer stocks have disappointed investors so far this year. The recovery in prices remains distant, and challenging market conditions are likely to restrict the upside to these stocks.
Conagra Brands is focusing on reinventing its portfolio by shedding underperforming non-core brands and adding fast-growing popular brands through acquisitions.
McCormick (MKC), which is set to report its fiscal 3Q17 earnings on Thursday, September 28, 2017, is projected to report balanced top- and bottom-line growth, which we’ll cover in detail in this series.
Conagra stock is down about 15.5% on a YTD (year-to-date) basis as of September 21, 2017.
Adding to its array of services that save customers time and money, Walmart announced yesterday that it’s expanding its online grocery pickup service to EBT (or electronic benefit transfer) customers.
As of September 18, 2017, J.M. Smucker (SJM) stock was trading at a forward PE multiple of 14.1x—significantly below the peer group average of 19.4x.
Packaged food manufacturers had a rough year in 2016, and 2017 is looking no different.
Beverage giant Coca-Cola’s (KO) stock price has risen 13.0% on a year-to-date basis through September 13. Coca-Cola is struggling to deliver top-line growth in a market where consumer tastes are shifting toward healthier beverage choices.
General Mills (GIS) is set to report its fiscal 1Q18 results on Wednesday next week. General Mills is focusing on innovation-driven new product launches to turn around its sales.
Grocery stocks continued their challenging run in August as online juggernaut Amazon (AMZN) closed on its acquisition of organic and natural food retailer Whole Foods Market.
Dollar General (DG) released its fiscal 2Q17 results on Thursday, August 31, 2017. The results relate to the three-month period ending August 4, 2017.
Iowa-based Casey’s General Stores (CASY) is slated to report its 1Q18 results on Wednesday, September 6, 2017.
The Cincinnati-based Kroger (KR) is slated to report its second-quarter 2018 results at 10:00 AM EDT on September 8, 2017.
Conagra’s sales are taking a hit from lower volumes, portfolio restructuring, and negative currency movements. It has taken measures to improve its sales.
Dollar Tree Stores (DLTR) reported its results for fiscal 2Q17 on August 24, 2017. It came in ahead of Wall Street’s top-line and bottom-line expectations.
J.M. Smucker (SJM) stock fell 9.5% after the company’s weaker-than-expected fiscal 1Q18 results on August 24, 20017. It missed analysts’ expectations for sales and EPS.
Analysts expect Campbell Soup to report adjusted earnings of $0.55, which would be a YoY (year-over-year) growth of 19.6%.
Target (TGT) reported strong fiscal 2Q17 results that surpassed analysts’ sales and earnings per share estimates.