| Consumer Staples |
Market News
Coca-Cola (KO)
Coca-Cola Co., the world’s largest soft-drink maker, said third-quarter profit rose less than 1 percent as volume gains in Mexico and China were countered by a decline in North America. The shares fell in New York trading.
Net income increased to $1.9 billion from $1.89 billion a year earlier, the Atlanta-based company said today in a statement. Revenue fell 4.2 percent to $8.04 billion, the company said.
Coke CEO said consumer sentiment will recover slowly into 2010.
Oct 20 · 10:48:00 AM · Source: Bloomberg
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Spartan Stores Inc. (SPTN)
Spartan Stores, Inc., (Nasdaq:SPTN) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per common share. The dividend is payable on December 15, 2009 to shareholders of record as of the close of business on December 1, 2009.
Oct 16 · 2:00:00 PM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Avon Products (AVP)
Avon Products Inc. signed Black Eyed Peas frontwoman Fergie to a multiyear deal as they up the ante in the celebrity fragrance space.
Fergie, 34, whose real name is Stacy Ferguson, is the latest high-profile name to join Avon’s growing cast of celebrities. The list includes Reese Witherspoon; Patrick Dempsey and his wife, makeup artist Jillian Dempsey; Courteney Cox; Derek Jeter; Jennifer Hudson, whose contract is due to expire, and in Latin America, Salma Hayek. Avon’s designer alliances have included Cynthia Rowley, Christian Lacroix and Emanuel Ungaro.
Oct 16 · 11:01:00 AM · Source: WWD Beauty
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Whitman Corporation (PAS)
PepsiAmericas, Inc. (NYSE: PAS) today announced that its Board of Directors declared a fourth quarter 2009 dividend of $0.14 per share. The dividend is payable January 4, 2010 to shareholders of record on December 15, 2009.
Oct 15 · 1:28:00 PM
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Walgreen (WAG)
The board of Walgreen Co. (NYSE: WAG) (NASDAQ: WAG) announced it has authorized a new $2 billion share repurchase program. The program, which expires at the end of 2013, replaces the previous $1 billion plan announced in January 2007 which had approximately $655 million remaining. Since 2004, Walgreens has repurchased more than $1.3 billion of common stock.
Walgreen's board also declared a regularly quarterly dividend of 13.75 cents per share, a 22.2 percent increase over the year-ago dividend, and set a long-term dividend payout target of 30 to 35 percent of net earnings.
Oct 15 · 10:12:00 AM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
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 · 9:50:00 AM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Previous · Next
Advertisement