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Pepsico (PEP)

PepsiCo, Inc. (NYSE: PEP) today reported solid results for 2009 driven by healthy gains in its worldwide snacks and international beverage businesses, balanced investments in value and innovation in key markets and cost discipline across its operations. For the full year, reported EPS grew 17 percent to $3.77 and core constant currency EPS increased 6 percent. For the fourth quarter, reported EPS was $0.90.
For fiscal 2010, the company is targeting an 11 to 13 percent growth rate for core constant currency EPS off of its fiscal 2009 core EPS of $3.71.

Feb 11 · 9:08:00 AM · Source: Company Press Release
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by Rich Pike

CVS Caremark (CVS)

CVS Caremark announced net revenues for the fourth quarter of 2009, increased $1.7 billion to $25.8 billion, up from $24.1 billion in the fourth quarter of 2008. For fiscal year 2009, total revenue increased 12.9% to a record $98.7 billion, compared to $87.5 billion in fiscal year 2008.
Tom Ryan, Chairman, President, and Chief Executive Officer, said, "We made good progress in 2009 in solidifying our position as the largest pharmacy health care provider in the nation with the broadest capabilities. We continued to make investments and forge strategic alliances that will enable us to capitalize on the evolving health care landscape and further differentiate our offerings in the marketplace. At the same time, we delivered financial performance ahead of our initial plan for the year, including the solid quarter we announced today. I'm very pleased to report continued industry-leading performance in our retail pharmacy business and solid performance in our PBM, which resulted in double-digit EPS growth and significant free cash flow generation."

Feb 10 · 1:59:00 PM
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by Rich Pike

Campbell's Soup (CPB)

Campbell's announced the launch of three Pace® specialty salsas in foodservice. The new varieties include: * Tequila Lime Salsa, featuring real tequila from blue agave; * Pico de Gallo, made with fresh jalapeños and onions, and * Salsa Verde, featuring hand-picked jalapeños and tomatillos.
According to Campbell's press release, salsa is America's favorite condiment. Americans consume nearly 170 million pounds of Pace salsa each year, and one quarter of U.S. households have a bottle of Pace salsa in their homes. Now consumers can enjoy their favorite retail varieties of Pace specialty salsas in delectable dishes and dips in their favorite restaurants.

Feb 10 · 1:31:00 PM · Source: Company Press Release
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by Rich Pike

Colgate (CL)

Colgate recently announced it will increase its quarterly dividend by 20%. The increase will be effective as of the second quarter, 2010. The new rate of $.53 per share is up from $.44. In addition, The Board of Directors also authorized a new share repurchase program. The Company plans to purchase 40 million common shares over the next two years.
Wow, talk about a company that is feeling good about itself! In this environment to raise the dividend 20% and announce a huge stock repurchase program is pretty darn impressive. Then again, the Company has paid uninterrupted dividends on its common stock since 1895. 1895!!

Feb 10 · 1:23:00 PM · Source: Company Press Release
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by Rich Pike

Avon Products (AVP)

Avon Products announced a 5% increase in its regular quarterly dividend. The new dividend rate will be $.22 per common share, up from $.21 per share, beginning with the first-quarter dividend payable March 1, 2010, to shareholders of record February 23, 2010.
At today's stock price of $29.40, Avon currently yields 3.0%.

Feb 10 · 1:16:00 PM · Source: Company Press Release
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by Rich Pike

Coca-Cola (KO)

Coca-Cola Co. said Tuesday its fourth-quarter profit rose 55%, $ to 1.54 billion, or 66 cents a share, in the period vs. $995 million, or 43 cents a share, in the same quarter a year ago. Revenue at the Atlanta-based company rose to $7.51 billion from $7.13 billion.
A gain in volume was the good news, and helped send the stock up at the opening.

Feb 9 · 12:19:00 PM
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by Michael Oliveto

Supervalu (SVU)

Supermarket company Supervalu, whose regional brands banners include Albertsons and Jewel-Osco, posted net income of $109 million, or 51 cents a share, for its fiscal third quarter. In the year-earlier period, it had a net loss of $2.94 billion on a massive non-cash charge. Sales in the latest period fell to $9.22 billion from $10.17 billion.
Earnings topped expectatations and it maintained its full-year forecast.

Jan 12 · 11:12:00 AM · Source: Company News Release
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by Larry Etter

Pepsico (PEP)

PepsiCo made public a financial forecast prepared by PepsiAmericas when considering PepsiCo's unsolicited $7.8 billion takeover bid for its two largest bottlers.
According to a securities filing, PAS said PepsiCo would have earnings per share of $3.69 in 2009, $3.98 in 2010, $4.30 in 2011 and $4.71 in 2012. PepsiCo launched its takeover bid for two bottlers, Pepsi Bottling Group Inc and PepsiAmericas, in April, and struck a deal in August after sweetening its offer. The transaction is expected to close by the end of the first quarter 2010 and aims to improve the North American operations of the world's second-largest soft drink maker.

Jan 1 · 3:51:00 PM · Source: Reuters · Related: Pepsi Bottling Group
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by Michael Oliveto

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