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ConAgra Foods (CAG)

Conagra Posts Strong Quarterly Earnings

ConAgra Foods said Monday its net profit increased to $239.7 million, or 54 cents a share, in the fiscal second quarter that ended Nov. 29 from $168.1 million, or 37 cents a share, a year earlier. Total sales fell about 2.4 percent to $3.17 billion.
Earnings and sales topped analyst expectations.

Dec 21 · 1:36:00 PM · Source: Company News
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by Larry Etter

Walgreen (WAG)

Walgreens Posts Record Quarterly Earnings/Sales

Walgreens Monday said it posted record earnings and sales for the fiscal first quarter of 2010. First quarter net earnings were $489 million, or 49 cents per share, a 19.6 percent increase from $408 million from 41 cents per diluted share a year ago. First quarter 2010 results include the impact of 3 cents per diluted share in restructuring and related costs associated with the company's Rewiring for Growth initiative. First quarter sales increased 9.5 percent from the prior-year quarter to $16.4 billion. Total sales in comparable stores (those open at least a year) increased 4.9 percent in the quarter, while front-end comparable store sales increased 2.7 percent.

Dec 21 · 1:23:00 PM · Source: Company News
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by Larry Etter

Chattem Inc. (CHTT)

Sanofi to Buy Chattem To Boost Consumer Presence

French pharmaceuticals company Sanofi-Aventis Monday said it would acquire Chattem Inc. for $1.9 billion.
The move would step up Sanofi's presence in the consumer drug market, as Chattem, based in Tennessee, makes products like Icy Hot pain-relieving patches and gel and ACT mouthwash and posted revenues of $454.9 million in 2008.

Dec 21 · 1:19:00 PM · Source: Company News
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by Larry Etter

Rite Aid Corporation (RAD)

Rite Aid Quarterly Loss Narrows

Rite Aid said it posted a third quarter loss of $83.9 million, or 10 cents a share, compared with a prior-year loss of $243.1 million, or 30 cents a share. Revenue declined 1.8% to $6.35 billion primarily because of store closings and a drop in front-of-the-store sales.
The loss was smaller than analysts had expected.

Dec 17 · 11:41:00 AM · Source: Company News
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by Larry Etter

General Mills (GIS)

General Mills Fiscal Q2 Earnings, Future View Up

Cereal maker General Mills said its fiscal second quarter profit rose to $565.5 million, or $1.66 a share, from $378.2 million, or $1.09 a share, a year earlier. Excluding a gain from commodity hedges, earnings were $1.54 a share. Sales rose 1.7 percent to $4.08 billion as a 4 percent increase in the U.S. retail segment, the company's largest business, helped offset a 16 percent decline in the bakeries and food service unit.
Earnings were above analyst expectations.

Dec 17 · 11:04:00 AM · Source: Company News
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by Larry Etter

Costco (COST)

Costco Reports Flat Earnings, $.60 Per Share

Costco reported for the 1st-quarter 2010 earnings of $266 million, or $.60 per share, on sales of $17.3 billion. That compares to the prior year earnings of $263 million, or $.60 per share, on sales of $16.92 billion.
Same-store sales rose 3 percent, which is encouraging. However, much of that increase was from overseas and was helped by the weaker dollar.

Dec 10 · 9:23:00 PM · Source: NY Times
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by Rich Pike

Philip Morris (PM)

Philip Morris Intl Declares Dividend

Philip Morris Intl declared a regular quarterly dividend in the amount of $.58 per share payable January 11, 2010 to shareholders of record on December 28, 2009, ex-dividend date December 23, 2009.
At today's $48.88 stock price the dividend yield is 4.75%.

Dec 9 · 1:06:00 PM
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by Rich Pike

Procter & Gamble (PG)

P&G Chairman Lafley to Retire in January

Proctor & Gamble announced that A.J. Lafley will step down as chairman effective Jan 1, to be replaced by his CEO successor, Bob McDonald. McDonald took over as CEO in July. Lafley, who took over amid profit warnings and diving stock prices in June 2000, helped right P&G by emphasizing innovation and a "consumer is boss" focus, which included spending more time in personal observation and interviews with consumers.
McDonald took over with P&G sales struggling in the recession, but the company turned in better-than-expected first-quarter results in October and forecast a better outlook for the full year. McDonald has pledged to aggressively win back market share from lower-priced competitors and store brands; P&G has cut prices across its broad portfolio, stepped up advertising focused on offering value, and added both cheap versions of its products and new premium-priced items.

Dec 8 · 8:33:00 PM · Source: Yahoo Finance
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by Rich Pike

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