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Costco (COST)

The Houston maker of the popular Chi filed a lawsuit this week against Costco Wholesale Corp., alleging it improperly sells the hairstyling tools, including counterfeit ones.
In the suit, filed in state district court, Farouk Systems alleges that the Issaquah, Wash., wholesale club is selling the flat irons for as little as $59.99, whereas they cost at least $100 in salons. In its suit, Farouk's lawyers said sometimes Chi products find their way to stores through a “diverted” market, or through improper distribution channels.

Nov 3 · 4:56:00 PM · Source: SA Business
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by Michael Oliveto

Avon Products (AVP)

Avon reported Q3 earnings of $0.36 per share on net income of $156 million versus $0.52 per share on net income of $223 million in the year ago period.
Revenue was $2.6 Billion and was 4% lower year over year due to foreign exchange pressure; Up 7% on local-currency basis, driven by strong Beauty Sales.

Nov 3 · 3:34:00 PM · Source: Company News Release
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by Michael Oliveto

Dean Foods (DF)

Dean Foods, the biggest U.S. dairy processor, said third-quarter net profit increased 32 percent to $49.7 million, or 27 cents a share, from $37.8 million, or 24 cents, a year earlier. Sales dropped 13 percent to $2.77 billion.

Nov 2 · 1:19:00 PM · Source: Company News Release
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by Larry Etter

Clorox (CLX)

Clorox Co. Monday reported fiscal first-quarter net income rose 23% to $157 million, or $1.11 a share, from $128 million, or 90 cents a share, in the same period a year ago. Sales were $1.37 billion compared to $1.38 billion.
The bleach maker said profit was aided by sales of disinfectant wipes to combat the worldwide H1N1 flu virus, shipments of Hidden Valley salad dressing, and lower costs

Nov 2 · 12:49:00 PM · Source: Company News Release
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by Larry Etter

Sysco (SYY)

Sysco reported net earnings for the first quarter were $326 million, an increase of $49 million, or 17.8%, and diluted EPS was $0.55, an increase of $0.09, or 19.6%, compared to the prior year period. Sales for the first quarter were $9.1 billion, a decrease of 8.1% compared to the same period last year.
"I am pleased with our solid operating performance this quarter," said Bill DeLaney, Sysco's chief executive officer. "In the midst of what continues to be an extremely challenging business environment, our operating companies managed expenses extraordinarily well. Our sales decline was largely caused by the impact of reduced consumer spending experienced by much of our customer base, as well as significant food cost deflation. Looking forward, we are encouraged by the stabilization of our volume trends in recent weeks and we remain committed to supporting our customers through this most difficult period in our industry's history."

Nov 2 · 11:39:00 AM · Source: Company Press Release
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by Rich Pike

Estee Lauder (EL)

Estée Lauder Companies Inc. Friday said it had fiscal first-quarter net earnings of $140.7 million, compared to $51.1 million last year. Net earnings per common share for the quarter rose to $0.71, from $0.26 in the prior year. For the first quarter, the Company had net sales of $1.83 billion, a 4% decrease compared with $1.90 billion reported in the prior-year period.
Earnings beat estimates by a big margin

Oct 30 · 8:47:00 AM · Source: Company News Release
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by Larry Etter

Colgate (CL)

Colgate reported a profit of $590 million, or $1.12 a share, up from $500 million, or 94 cents a share, a year earlier. The prior-year period included 5 cents a share in restructuring-related charges. Colgate's revenue was flat at $3.99 billion.
Earnings top Street expectations.

Oct 29 · 1:48:00 PM · Source: Company News Release
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by Larry Etter

Kellogg (K)

Kellogg's said its third quarter profits increased 5.6 percent to $361 million, or 94 cents a share, in the period ended Oct. 3, from $342 million, or 89 cents, a year earlier. Revenue edged down 0.3% to $3.28 billion.
Earnings topped analysts' estimates.

Oct 29 · 11:28:00 AM · Source: Company News
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by Larry Etter

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