Market News

Walmart (WMT)

Wal-Mart, already engaged in a price war with Amazon, upped the ante heading into the holiday season, cutting the online pre-order prices of some upcoming DVDs to $10 after last month's Web-boom price war over books.
Amazon and Target then cut their own prices. That pushed the No. 1 retailer to take a few more cents off, dropping its prices down to $9.98.

Nov 9 · 3:30:00 PM · Source: Investors.com · Related: Amazon
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by Michael Oliveto

Costco (COST)

Costco Wholesale Corporation Thursday reported net sales of $5.68 billion for the month of October, the four weeks ended November 1, 2009, an increase of seven percent from $5.30 billion in the same four-week period last year.
The company's sales topped expectation.

Nov 5 · 10:42:00 AM · Source: Company News Release
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by Larry Etter

Unilever Nv (UN)

Unilever, the consumer goods giant, said it had third quarter profits of euro1.05 billion ($1.56 billion), down from euro1.64 billion in the same period last year. Last year's period had a euro487 million gain on the sale of Unilever's seasonings businesses. Revenues were down 1.9 percent to euro10.2 billion.
Despite the fall in profit, the company's CEO said the results showed "good progress across all regions and the majority of countries and categories" when compared with the second quarter.

Nov 5 · 10:33:00 AM · Source: Company News Release
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by Larry Etter

CVS Caremark (CVS)

CVS's third-quarter profit increased 39% to $1.02 billion, or 71 cents a share, from $736 million, or 50 cents a share, a year earlier. Excluding acquisition-related costs, earnings rose to 76 cents from 60 cents. Adjusted earnings from continuing operations were 65 cents per share, excluding an 11 cent income tax benefit. Revenue rose 18% to $24.64 billion, in part on the acquisition of Longs.
Profits were stronger than expected.

Nov 5 · 10:21:00 AM · Source: Company News Release
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by Larry Etter

Molson Coors Brewing (TAP)

Molson Coors Wednesday said it earned $235.3 million, or $1.26 a share, in the third quarter, up from $171.3 million, or 92 cents a share, in the same quarter of 2008. On an adjusted basis, the company said it would have earned $1.14 a share, up from 93 cents. Revenue net of excise taxes came in at $854 million, down from $924 million as global volume fell almost 3%.

Nov 4 · 12:59:00 PM · Source: Company News
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by Larry Etter

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

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