RECENT Consumer Staples RESEARCH
In this series, we’ll explore the price movements of five soft commodities—coffee, sugar, cocoa, orange juice, and cotton. Arabica coffee, which is considered superior in flavor and quality to Robusta coffee, has seen its futures price falling during the past six months.
It’s surprising to see Costco (COST) stock being the worst hit from Amazon’s (AMZN) announcement about acquiring Whole Foods (WFM) on June 16.
Constellation Brands (STZ) is scheduled to announce its fiscal 1Q18 results on June 29, 2017. Its fiscal 1Q18 ended on May 31, 2017.
Walgreens Boots Alliance is scheduled to release its fiscal 3Q17 results on June 29, 2017. The pharmacy giant is expected to report a 10.2% year-over-year rise in its earnings per share.
Conagra (CAG) has fallen about 5% YTD as of June 21, 2017. Much of this decline has stemmed from the company’s failed bid to acquire Pinnacle Foods.
Spice and flavoring giant McCormick (MKC) plans to announce its fiscal 2Q17 results on June 29, 2017. Year-to-date, McCormick stock has generated an 8.3% return, beating its peers.
General Mills (GIS) stock has fallen 7.5% on a YTD (year-to-date) basis and has underperformed its peers in terms of price appreciation as of June 19, 2017.
Arabica front-month futures hit a fresh low last week (ended June 16), falling to $1.24 per pound from $1.26 per pound one week previously.
Stock prices of grocers and mass merchandisers saw sharp falls after Amazon’s announcement that it has entered a definitive agreement to acquire Whole Foods (WFM).
Amazon (AMZN) announced on Friday, June 16, 2017, that it has entered into a definitive agreement to acquire Whole Foods Market (WFM) for $13.7 billion in an all-cash transaction.
Beverage giants Coca-Cola (KO) and PepsiCo (PEP) have delivered better total returns than the S&P 500 Index on a YTD (year-to-date) basis.
Weak volume trends due to the consumer shift toward fresh and wholesome foods and delayed tax refunds hurt major food manufacturers in 1Q17.
Iowa-based Casey’s General Stores (CASY) reported its fiscal 4Q17 and fiscal 2017 results on June 5, 2017. CASY stock fell 8.4% to close at $106.66 on June 6.
Dollar General (DG) delivered a better-than-expected performance on both top and bottom lines, with total sales coming in at $5.6 billion.
Iowa-based Casey’s General Stores (CASY) is slated to report its fourth-quarter 2017 and fiscal 2017 results on Tuesday, June 6, 2017.
Dollar Tree (DLTR) reported its 1Q17 results on May 25, 2017. The results relate to the quarter ending on April 29, 2017.
Tennessee-based Dollar General (DG) is slated to release results for 1Q17 on Wednesday, May 31, 2017.
Walmart (WMT) stock rose 5% in the two trading days following the company’s better-than-expected fiscal 1Q18 earnings per share.
Target’s 1Q17 adjusted EPS (earnings per share) of $1.21 surpassed the Wall Street estimate of $0.92.
Walmart (WMT) is scheduled to report its fiscal 1Q18 results on May 18, 2017. Analysts expect the retail giant’s adjusted EPS to fall 2.0% YoY.