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Winn-Dixie Stores (WINN)

Grocery-store operator Winn-Dixie Stores said that during its fiscal first quarter it posted a loss of $8.1 million, or 15 cents per share. This included an impairment charge of 6 cents per share related to the closures of six stores, and compares with a loss of $2.3 million, or 4 cents per share, in the year-ago quarter. Sales fell 2 percent to $1.64 billion from $1.68 billion.
Analysts had expected a loss of 2 cents per share on $1.64 billion in revenue.

Oct 26 · 7:15:00 PM · Source: Company News Release
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by Larry Etter

Coca-Cola (KO)

The Board of Directors of The Coca-Cola Company today declared a regular quarterly dividend of 41 cents per common share. The dividend is payable December 15, 2009, to shareowners of record as of December 1, 2009.

Oct 22 · 1:51:00 PM · Source: Business Wire
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by Larry Etter

Philip Morris (PM)

Philip Morris International Inc.'s (PM) third-quarter profit fell a less-than-expected 13%, as cigarette sales remained weak. The company reported third-quarter earnings of $1.8 billion, or 93 cents a share, down from $2.08 billion, or $1.01, a year earlier. The prior-year had an 8-cent boost from currency changes. Revenue fell 4.6% to $16.57 billion, and revenue excluding excise taxes fell 5.3% to $6.59 billion. Excluding currency effects, revenue without taxes jumped 6.9%.
The Altria Group Inc. (MO) spinoff, which operates completely outside the U.S., raised its full-year earnings target to between $3.20 and $3.25 a share from $3.10 and $3.20 a share, reflecting better fundamentals and a lesser impact from foreign-currency exchange, given the weaker dollar.

Oct 22 · 10:12:00 AM · Source: Dow Jones
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by Larry Etter

Hershey Foods (HSY)

Hershey, the nation's second-largest candymaker, said Thursday that its third-quarter profit rose 30 percent, helped by price increases and lower restructuring costs. The Hershey, Pa.-based candymaker said it earned $162 million, or 71 cents a share, in the three months ended Oct. 3, up from $124.5 million in last year's quarter. Revenue slid less than 1 percent to $1.48 billion, as the company cited artificially inflated sales in last year's third quarter because of heavy purchasing by retailers to beat an average 11 percent wholesale price increase on Hershey's candy.
The results beat Wall Street expectations, although The Hershey Co. said third-quarter revenue dipped slightly after retailers stocked up in last year's third quarter ahead of a price increase.

Oct 22 · 9:49:00 AM · Source: AP
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by Larry Etter

Kimberly-Clark (KMB)

Kimberly-Clark Corp (KMB.N) raised its forecast for the year after blowing past third-quarter earnings expectations, aided by cost cuts and increased demand for face masks due to the H1N1 flu virus. Kimberly-Clark said on Thursday it earned $582 million, or $1.40 per share, in the third quarter, up sharply from $413 million, or 99 cents per share, a year earlier.
Analysts, on average, expected $1.13 per share, according to Thomson Reuters I/B/E/S.

Oct 22 · 9:45:00 AM · Source: Reuters
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by Larry Etter

Coca-Cola (KO)

Coca-Cola to send team Of "Happiness Ambassadors" on a year-long journey to seek out what makes people happy. Countless people have taken a year off to travel, but nobody has ever embarked on a trip quite like this before – 206 countries, covering 150,000 miles in just 365 days. From Aruba to Zimbabwe and nearly every nation in between, a team of three young people will attempt to visit 206 countries where Coca-Cola is sold to seek out what makes people happy and share their happiness and enthusiasm with the rest of the world.

Oct 21 · 10:06:00 AM · Source: Business Wire
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by Larry Etter

Supervalu (SVU)

Supermarket chain Supervalu Inc (SVU.N) gave its full-year profit forecast another trim and cut its quarterly dividend in half on Tuesday.
The operator of about 2,500 Albertsons, Jewel-Osco, Shaw's and Save-A-Lot supermarkets has been underperforming rivals amid intense price competition from the likes of Wal-Mart Stores Inc (WMT.N), Kroger Co (KR.N) and Safeway Inc (SWY.N). Supervalu said it expects consumer spending will remain pressured throughout its fiscal year.

Oct 20 · 11:49:00 AM · Source: Reuters
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by Larry Etter

Great Atlantic & Pacific Tea Company, Inc. (the) (GAP)

The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol:GAP) today announced Eric Claus, President and Chief Executive Officer, will be leaving the Company effective immediately.
The Company has commenced a search for a successor and in the interim, Christian Haub, Executive Chairman of the Board, will reassume the Chief Executive Officer responsibilities, a position he previously held from 1998 until 2005.

Oct 20 · 10:57:00 AM
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by Larry Etter

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