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Safeway (SWY)
Safeway Inc. today reported net income of $128.8 million ($0.31 per diluted share) for the third quarter of 2009 compared to net income of $199.7 million ($0.46 per diluted share) for the third quarter of 2008.
Safeway's CEO said sales remained soft, driven largely by deflation in dairy, produce and meat, and a sluggish economy, but company is encouraged encouraged that its household and transaction counts increased in the quarter, and that volume trends continue to improve.
Oct 15 · 9:50:00 AM · Source: Business Wire
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by Larry Etter
Safeway (SWY)
Safeway Inc. today reported net income of $128.8 million ($0.31 per diluted share) for the third quarter of 2009 compared to net income of $199.7 million ($0.46 per diluted share) for the third quarter of 2008.
Safeway's CEO said sales remained soft, driven largely by deflation in dairy, produce and meat, and a sluggish economy, but company is encouraged encouraged that its household and transaction counts increased in the quarter, and that volume trends continue to improve.
Oct 15 · 9:41:00 AM · Source: Business Wire
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by Larry Etter
Costco (COST)
Costco announced a 3% decrease in net sales over its fiscal Q4 which ended August 30. Sales over the period dropped from $22.63 billion to $21.89 billion. Net sales over the fiscal year 2009 dropped 2% from $70.98 billion to $69.89 billion. Net income during Q4 was $374 million, compared with $398 million in the year ago period. Net income for fiscal year 2009 was $1.09 billion, compared with $1.28 billion in fiscal year 2008.
The company cites the recession and foreign exchange rates as key contributors to the operating results.
Oct 14 · 3:19:00 PM · Source: Drug Store News
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by Michael Oliveto
Diageo plc (DEO)
The world's largest spirits maker, Diageo PLC, disappointed the market Wednesday, announcing that sales fell 6 percent in its most recent quarter.
The British maker of Smirnoff vodka, Captain Morgan rum and Guinness beer reported the sales decline for its July-September first quarter, compared to analyst forecasts for an average 2.3 percent fall in sales in a Reuters poll of six brokers.
Oct 14 · 3:02:00 PM · Source: Reuters
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by Larry Etter
Coca-Cola (KO)
Coca-Cola today announced a new can design and size for its classic Coke product.
The new can is shorter and slimmer in size and contains 7.5 ounces and 90 calories of the beverage and will be available in 8-packs. The new announcement comes on the heels of the company’s partnership with the Healthy Weight
Commitment Foundation, which advocates a common-sense approach to helping
reduce obesity by 2015.
Oct 14 · 2:50:00 PM · Source: Reuters
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by Michael Oliveto
Walmart (WMT)
Wal-Mart said on Wednesday it will begin offering two new no-contract wireless service plans at its U.S. discount stores, including a $30 prepaid plan that includes 1,000 minutes.
The new plans will likely put pressure on rivals Leap Wireless International Inc, MetroPCS, and Sprint Nextel unit Boost.
Oct 14 · 11:54:00 AM · Source: Reuters.com
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by Rich Pike
Walgreen (WAG)
Walgreen profit fell to $436 million, or 44 cents per share, in the fiscal fourth quarter ended Aug. 31, from $443 million, or 45 cents per share, a year earlier.
Analysts, on average, had expected a profit of 39 cents per share, according to Reuters Estimates. Walgreen is beginning to benefit from a make-over that includes sprucing up stores and cutting jobs.
Oct 14 · 11:46:00 AM · Source: CNBC.com
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by Rich Pike
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