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Kraft Foods (KFT)

Kraft Foods Inc. took its $16.3 billion hostile takeover offer for Cadbury PLC straight to shareholders of the British candy company on Friday. Under British regulations, Cadbury has two weeks to give a formal response to the offer before shareholders. "We remain confident that the unique combination of Kraft Foods and Cadbury would create a significant growth opportunity for both businesses," Kraft CEO and Chairman Irene Rosenfeld said in a statement. "That's why we believe this offer is in the best interest of both companies' shareholders."
If Kraft is successful, the deal would create a global giant with an estimated $50 billion in combined revenue. Kraft already is the world's second-largest food maker after Nestle. Cadbury is an attractive acquisition. It is one of the world's largest confectionary companies and has strong international reach, with a key presence in emerging markets.

Dec 4 · 2:25:00 PM · Source: Yahoo Finance
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by Rich Pike

Del Monte Foods Company (DLM)

Del Monte Foods Thursday said that for the fiscal second quarter ended Nov. 1, profit from continuing operations was $62.6 million, or 31 cents a share, compared with $27.3 million, or 14 cents a share, a year earlier. Sales came in at $958.9 million -- a rise of 6.4 percent
Earnings topped analyst expectations and company raised its full-year guidance.

Dec 3 · 12:17:00 PM · Source: Company News
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by Larry Etter

Walgreen (WAG)

Walgreens said it posted November sales of $5,360,800,000, an increase of 8.7 percent from $4,933,433,000 for the same month in 2008. Sales in comparable stores (those open at least a year) increased 3.9 percent. November pharmacy sales increased 9.7 percent, while comparable pharmacy sales increased 5.7 percent. Comparable pharmacy sales were negatively impacted by 2.4 percentage points due to generic drug introductions in the last 12 months.
Sales, however, we up less than expected.

Dec 2 · 1:49:00 PM · Source: Company News Release
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by Larry Etter

Heinz (HNZ)

H.J. Heinz Co said Tuesday that it posted a lower fiscal second quarter profit, with the company saying it earned $231.4 million, or 73 cents a share, down from $276.7 million, or 87 cents per share, a year earlier. The previous year's results included a big gain from currency hedging. Sales rose 2.5 percent to $2.67 billion
The company said results were hampered by sales falls in North America and Europe, but said it is optimistic about sales momentum heading into the second half of its fiscal year.

Nov 24 · 12:17:00 PM · Source: Company News Release
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by Larry Etter

Tyson Foods (TSN)

Tyson Foods, the world's largest meat producer, Monday reported a net loss of $455 million, or $1.22 a share, for the fiscal fourth quarter ended on Oct. 3, compared with a year-earlier profit of $48 million, or 13 cents a share. Revenue edged up to $7.21 billion from $7.20 billion.
Profits and revenues did beat analyst estimates.

Nov 23 · 2:29:00 PM · Source: Company News
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by Larry Etter

Campbell's Soup (CPB)

Campbell Soup said Monday it earned $304 million, or 87 cents a share, in the fiscal first quarter that ended November 1, up from $260 million, or 70 cents a share, a year earlier. Sales fell 2.1 percent to $2.2 billion from a year ago.
Analysts had projected 81 cents per share and company's CEO said U.S. soup sales were improving and had risen 10 percent in October

Nov 23 · 2:22:00 PM · Source: Company News
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by Larry Etter

J.M. Smucker (SJM)

J.M. Smucker said Friday it had fiscal second quarter profit of $140 million, or $1.18 a share, compared with a profit of $51.5 million, or 94 cents a share, from a year ago. Revenue rose to $1.28 billion.
The results easily topped Street estimates.

Nov 20 · 1:10:00 PM · Source: Company News Release
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by Larry Etter

Lorillard (LO)

The Wall Street Journal is reporting that the board of cigarette maker Lorillard Inc. said Thursday it has begun looking for a successor to Chief Executive Martin L. Orlowsky, whose contract expires next year.
Lorillard makes Newport menthol cigarettes. Newport accounts for more than 85% of Lorillard's cigarette volume and represents about 35% of the menthol cigarette category in the U.S. Lorillard is the third-largest U.S. cigarette maker by sales.

Nov 19 · 11:00:00 AM · Source: Wall Street Journal
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by Rich Pike

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