Posted May 6th 2008 7:10PM by Trey Thoelcke
Filed under: Earnings reports
On Tuesday, Molson Coors Brewing Co. (NYSE: TAP) reported a surge in its first-quarter profit, while MGM Mirage Inc. NYSE: MGM) blamed a drop in first-quarter profits on an economy that's discouraging consumer spending.
Denver-based Molson Coors, one of the world's largest brewers, said net income for the quarter that ended March 30 totaled $37.1 million, or 20 cents per share, compared with $4.4 million, or 3 cents per share, in the year-ago quarter. Excluding a charge related to a joint venture, the company earned 32 cents per share. Net sales after excise taxes rose 10% to $1.36 billion. Analysts polled by Thomson Financial predicted a profit of 28 cents on net sales of $1.31 billion.
Molson Coors shares rose $3.94, or 7.4%, to $57.10 in afternoon trading after rising to a 52-week high of $57.74 earlier in the day.
Las Vegas-based MGM Mirage said earnings fell 30% to $118.3 million, or 40 cents per share, compared with the same quarter a year ago. Revenue for the world's second-largest casino company slipped 3% to $1.88 billion, and fell short of expectations of analysts surveyed by Thomson Financial. They had forecast net income of 43 cents per share on revenue of $1.9 billion.
MGM shares rose 6.6%, or $3.23, to $51.85 in trading Tuesday, but fell to $51.60 in after-hours trading.
While these results may suggest that consumers are spending their increasingly scarce entertainment dollars closer to home, its worth noting that Walt Disney Co. (NYSE: DIS) Tuesday reported a 22% rise in its Q2 net profit.
Visit AOL Money & Finance for more earnings coverage.
Posted May 6th 2008 7:00PM by Trey Thoelcke
Filed under: Products and services, Competitive strategy, Procter and Gamble (PG), Battle of the Brands
This post is part of our Battle of the Brands feature. Let us know which brand you prefer, and check out other Battle of the Brands posts.
When it comes to multi-bladed disposable razors, how many blades is enough? In the long-standing rivalry between the two biggest brands of disposable razors, the current answer seems to be five. For now.
The Gillette company, which in 2005 became part of Procter & Gamble (NYSE: PG), invented the safety razor in 1895, as well as the first razor marketed to women in 1916. They started the current arms race in multi-bladed disposable razors by introducing a twin-blade razor in 1971, and then the triple-bladed Mach 3 in 1998. Schick responded with the four-blade Quattro in 2003, then in 2005, Gillette introduced the five-blade Fusion. Of course, each of these models includes a version for women, and versions with various bells and whistles.
St. Louis-based Energizer Holdings (NYSE: ENR), a U.S. manufacturer of batteries, purchased the Schick brand of razors from Pfizer (NYSE: PFE) in 2003. Outside the North America and Australia, the same products are sold under the Wilkinson Sword brand. Either way, Schick remains a distant second to Gillette in global sales, though some analysts saw patent infringement lawsuits filed against Schick by Gillette as evidence that Gillette recognized a potential threat. Combined, these two brands account for nearly all razor sales in America.
Continue reading Battle of the Brands: Gillette vs. Schick
Posted May 5th 2008 6:05PM by Trey Thoelcke
Filed under: Earnings reports
While Scotts Miracle Gro Co. (NYSE: SMG) Monday blamed a slow start to spring and recalls for a drop in second-quarter profits, Pilgrims Pride Corp. (NYSE: PPC) said its second-quarter loss widened due to rising feed costs and a restructuring charge. And analysts expect lower consumer spending on leisure travel and a drop in business travel to drag on Avis Budget Group Inc. (NYSE: CAR) first-quarter results when it reports on Tuesday.
Discounting charges, Marysville, Ohio-based Scotts reported it made $77.7 million, or $1.19 per share for the quarter ended March 29, two cents better than the forecast of analysts surveyed by Thomson Financial. Revenue fell 4% to $958 million. The company also warned that profits would likely fall below Wall Street forecasts for the year.
Pilgrim's Pride, the nation's largest chicken producer, lost $111.5 million, or $1.67 per share, in the three months ended March 29 compared with a loss of $40.1 million, or 60 cents per share, a year earlier. Revenue rose to $2.10 billion. Analysts had expected a loss of 81 cents per share on $2.09 billion in sales. The company said feed costs would probably push the company to another loss in the current quarter as well.
Analysts expect Parsippany, New Jersey-based Avis to break even on a per share basis, on $1.37 billion revenue. In last year's first quarter, the company posted profit of 12 cents per share. It's unclear how much of an effect the current economic conditions will have on Avis's full-year 2008 results, but in April, rival Hertz Global Holdings Inc. (NYSE: HTZ) managed to post an adjusted quarterly profit that beat Wall Street predictions.
Shares of Scotts ended the day up 1.2%, but fell nearly 12% in after-hours trading to $30.00. Pilgrim's Pride fell less than 1% during the day, then another 1.1% after hours to $23.59. Avis also continued its slide into after-hours trading, down to $13.49.
Posted May 4th 2008 1:10PM by Trey Thoelcke
Filed under: Earnings reports, Time Warner (TWX), Viacom (VIA), IAC/InterActiveCorp (IACI), CBS Corp 'B' (CBS), Colgate-Palmolive (CL), Comcast Cl'A' (CMCSA), Procter and Gamble (PG), Verizon Communications (VZ), Sun Microsystems (JAVA), Eastman Kodak (EK), Alcatel-LucentADS (ALU), RadioShack Corp (RSH)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Verizon, Comcast, CBS, DreamWorks, IAC, Kodak and others
Posted May 3rd 2008 3:40PM by Trey Thoelcke
Filed under: Earnings reports, Avon Products (AVP), Centex Corp (CTX), CIGNA Corp (CI), MasterCard Inc'A' (MA), Countrywide Financial (CFC), Office Depot (ODP)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Countrywide, Visa, MasterCard, KBR, Office Depot and others
Posted May 3rd 2008 1:40PM by Trey Thoelcke
Filed under: ConAgra Foods (CAG), Kraft Foods'A' (KFT), Battle of the Brands
This post is part of our Battle of the Brands feature. Let us know which brand you prefer, and check out other Battle of the Brands posts.
While Kraft Foods Inc.'s (NYSE: KFT) Oscar Mayer brand and ConAgra Food Inc.'s (NYSE: CAG) Hebrew National may both have venerable histories, they also have very different personalities: "I wish I were and Oscar Mayer wiener" vs. "We answer to a higher authority."
In 1900, Oscar Mayer and his brothers ran one of the most popular sausage makers in Chicago. They pioneered the use of brand names and voluntary federal approval to protect the reputation of their products. The company was the first to offer packaged sliced bacon. Such innovations helped Oscar Mayer to become an industry leader. The first wiener-mobile rolled out in 1936, and its descendants can still be spotted today. The famous Oscar Mayer jingle was introduced in 1963, and today is one of the longest-running jingles still in use. In 1988 the company launched its Lunchables, prepacked cracker-and-cold-cut school lunches. Oscar Mayer became a Kraft Foods brand in 1989.
Kraft Foods is the largest U.S. food company, with $37.2 billion in sales in 2007. Oscar Mayer is one of seven Kraft Foods brands with more than $1 billion in revenue. The convenience meats category accounted for about 16% of total revenue.
Continue reading Battle of the Brands: Oscar Mayer vs. Hebrew National
Posted May 3rd 2008 10:10AM by Trey Thoelcke
Filed under: Earnings reports, Time Warner (TWX), Starbucks (SBUX), General Motors (GM), Exxon Mobil (XOM), Archer-Daniels-Midland (ADM), Chesapeake Energy (CHK), Kellogg Co (K), Colgate-Palmolive (CL), Corning Inc (GLW), Procter and Gamble (PG), Under Armour'A' (UA), Duke Energy (DUK), Burger King Hldgs (BKC), Valero Energy (VLO), Kraft Foods'A' (KFT), Time Warner Cable (TWC), Garmin Ltd (GRMN)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Exxon, GM, Time Warner, Starbucks, P&G, ADM and others
Posted May 2nd 2008 5:00PM by Trey Thoelcke
Filed under: Consumer experience, ConAgra Foods (CAG), Battle of the Brands
This post is part of our Battle of the Brands feature. Let us know which brand you prefer, and check out other Battle of the Brands posts.
When it comes to this staple of kitchens and diners worldwide, the most common question after "Is it ketchup or catsup?" has got to be "Heinz or Hunt's?"
The Hunt Brothers Fruit Packing Company was founded in 1890 by Joseph and William Hunt in Santa Clara, California. It was a small canning business on the ground of a ranch, delivered locally by horse-drawn carriage. In 1946, tomato sauce became the flagship product, and a marketing push made the little red cans familiar across the U.S., and lead to plethora of other tomato-based products, including spaghetti sauce, barbecue sauce, and, of course, ketchup.
Today Hunt's is one brand of many belonging to packaged and frozen foods giant ConAgra Foods Inc. (NYSE: CAG) ranging from Healthy Choice to Slim Jims, from Orville Redenbacher to Egg Beaters. ConAgra reported $12 billion in sales last year.
Continue reading Battle of the Brands: Heinz vs. Hunt's
Posted May 1st 2008 2:10PM by Trey Thoelcke
Filed under: Products and services, Competitive strategy, Coca-Cola (KO), PepsiCo (PEP), Marketing and advertising, McDonald's (MCD), Yum Brands (YUM), Battle of the Brands
This post is part of our Battle of the Brands feature. Let us know which brand you prefer, and check out other Battle of the Brands posts.
Businesswise, it's no real competition between Subway and Quiznos. Subway, the number 1 sub sandwich chain, claims to have more than 29,000 locations in 86 countries, earning more than $11 billion in 2007. Quiznos, on the other hand, has more than 5,000 locations in 20 countries, earning $130 million in 2004, making it a distant number 2. In fact, Subway is the third largest fast-food chain globally after Yum! Brands (NYSE: YUM) (Taco Bell, Pizza Hut, KFC, etc.) with 34,000 locations and McDonald's (NYSE: MCD), with 31,000 locations.
Both Subway and Quiznos are privately owned, franchise fast-food chains. While Quiznos is a limited liability company controlled by chairman Rick Schaden and his family, Subway is a wholly owned subsidiary of Doctor's Associates, Inc., a company founded in 1965 by Fred De Luca and Dr. Peter Buck specifically to oversee the Subway chain of restaurants.
Subway menus vary by store. For instance, its restaurants in Muslim countries serve Halal menu, and Subway has kosher restaurants in New York, Los Angeles, Kansas City, and a suburb of Cleveland. All locations feature submarine sandwiches, ranging from four-inch "mini subs" to its three-foot giant subs. Popular sandwiches include Turkey Breast, Italian BMT, and the Subway Club. All of Quiznos' sandwiches are served toasted, and its best-sellers include the Classic Italian, the Mesquite Chicken with Bacon, the Prime Rib Cheesesteak, the Chicken Carbonara. Last fall Quzinos introduced flatbread "sammies."
Continue reading Battle of the Brands: Subway vs. Quiznos
Posted Apr 30th 2008 2:00PM by Trey Thoelcke
Filed under: Mutual funds, Battle of the Brands
This post is part of our Battle of the Brands feature. Let us know which brand you prefer, and check out other Battle of the Brands posts.
To some degree, a face-off between Vanguard and Fidelity is really a face-off between John Bogle, Vanguard's founder, and Peter Lynch, Fidelity's star fund manager. While Bogle was a pioneer in no-load and low-cost investing in index funds, Lynch was a proponent of investing in "what you know," or getting investing ideas from your day-to-day life. BloggingStocks covered this Bogle vs. Lynch match up back in September, and readers gave the financial edge to Lynch.
Privately held Fidelity Investments is made up by two independent but closely cooperating companies: Boston-based Fidelity Management and Research LLC serves the North American market, and Fidelity International Limited (FIL), spun off in 1969, provides investment products and services to clients in the rest of the world. Fidelity reported revenue of $12.87 billion in 2006, by offering a large family of mutual funds, as well as providing discount brokerage services, retirement services, estate planning, wealth management, securities execution and clearance, life insurance, and a number of other financial services. The founding Johnson family still controls Fidelity, but Peter Lynch and some other fund managers also hold stakes in the company.
Continue reading Battle of the Brands: Vanguard vs. Fidelity
Posted Apr 29th 2008 7:00PM by Trey Thoelcke
Filed under: Products and services, Eastman Kodak (EK), Battle of the Brands
This post is part of our Battle of the Brands feature. Let us know which brand you prefer, and check out other Battle of the Brands posts.
Rochester, New York-based Eastman Kodak Co. (NYSE: EK) was founded in 1892, and is well known for its wide range of photographic film products; it remains to this day the largest supplier of photographic films in the world. The company played a vital role in the invention and development of the motion picture industry, setting the standard of 35 mm film.
But times change. In 1999, Kodak entered into the consumer inkjet photo printers market in a joint venture with manufacturer Lexmark (NYSE: LXK). In 2004, Kodak announced it would stop producing traditional film cameras, beginning a multiyear struggle to refocus on digital photography and printing. Some of the results of that effort include the Kodak Smart Picture Frame, into which digital files are downloadable via a network connection. The Kodak Gallery is a website where users can upload photos into albums, print them out, and create mouse pads, calendars, and the like. And in 2006 Kodak announced that Flextronics (NASDAQ: FLEX) would manufacture and help design its digital cameras. Kodak also has long-term plans to sell ink jet printers and flat-panel displays.
Continue reading Battle of the Brands: Canon vs. Kodak
Posted Apr 28th 2008 6:15PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, Archer-Daniels-Midland (ADM), Countrywide Financial (CFC)
Analysts surveyed by Thomson Financial expect Countrywide Financial (NYSE: CFC) to post a much smaller profit for the first quarter, while Archer Daniels Midland (NYSE: ADM) is expected to report a profit gain. Both companies are scheduled to report results Tuesday morning.
Countrywide Financial is expected to earn two cents per share, which is down 97% from the same period in 2007 when it earned 72 cents per share, but that swings from a loss of 79 cents per share in the most recent quarter. However, the company tended to fall short of earnings estimates even before the credit crunch set in; that fourth-quarter loss of 79 missed estimates by 163%.
Formerly one of the top residential mortgage lenders, California-based Countrywide Financial is being bought out by Bank of America (NYSE: BAC). In the past year, Countrywide's revenues were $24 billion, and its net income is in the red to the tune of $703.5 million. Not surprisingly, the consensus recommendation of analysts remains to hold CFC.
The stock has fallen 84.9% in the past year and closed Monday at $5.83.
Continue reading Countrywide's Q1 profit expected to tumble, ADM's to rise
Posted Apr 27th 2008 11:40AM by Trey Thoelcke
Filed under: Earnings reports, Starbucks (SBUX), PepsiCo (PEP), Ford Motor (F), McDonald's (MCD), Halliburton (HAL), Boeing Co (BA), Hershey Co (HSY), Coach Inc (COH), ConocoPhillips (COP), Yum Brands (YUM), duPont(E.I.)deNemours (DD), Lockheed Martin (LMT), U.S. Steel (X), UAL Corp (UAUA), Dow Chemical (DOW), JetBlue Airways (JBLU), Goodyear Tire and Rubber (GT), Delta Air Lines (DAL)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Ford, Boeing, McDonald's, PepsiCo, JetBlue and others
Posted Apr 26th 2008 2:40PM by Trey Thoelcke
Filed under: Earnings reports, Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Amazon.com (AMZN), AT and T (T), Netflix, Inc. (NFLX), QUALCOMM Inc (QCOM), Electronic Data Systems (EDS), Texas Instruments (TXN), Huaneng Power Intl ADS (HNP), EMC Corp (EMC), Broadcom Corp'A' (BRCM), Level 3 Communications (LVLT)

Here are some highlights from this past week's
earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Microsoft, Yahoo!, Apple, Amazon, Texas Instruments and others
Posted Apr 26th 2008 9:40AM by Trey Thoelcke
Filed under: Earnings reports, Brinker Intl (EAT), AFLAC Inc (AFL), Bank of America (BAC), Bristol-Myers Squibb (BMY), Gannett Co (GCI), Kimberly-Clark (KMB), Mattel, Inc (MAT), Merck and Co (MRK), Hasbro Inc (HAS), Western Union (WU)

Here are some highlights from this past week's
earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Bank of America, Merck, Mattel, Phillip Morris, AFLAC and others
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