Colgate-Palmolive posts
FeedPosted Nov 2nd 2009 5:15PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Clorox Co (CLX), Colgate-Palmolive (CL), Procter and Gamble (PG)
Clorox (NYSE: CLX), a consumer-products business that counts Procter & Gamble (NYSE: PG) and Colgate-Palmolive (NYSE: CL) as related stocks, may have seen a sales drop of 1% in its fiscal first quarter, but that didn't stop it from posting a nice bottom-line growth rate. Clorox made $1.11 per share in Q1, and that represents a 23% increase. What a way to start a new corporate year!
According to Reuters, expectations were for 95 cents per share. That's a wonderful beat. Plus, sales volume went up 1%. Helping to drive things along was a healthy gross margin, as well as the dreaded H1N1 virus. Clorox has done well over the years associating its brand with sanitizing effectiveness, so when a pandemic rears its ugly head, the trademark is prepared to leverage such reputation to drive value.
Continue reading Clorox starts its new year off right
Posted Oct 31st 2009 11:40AM by Tom Johansmeyer (RSS feed)
Filed under: Kellogg Co (K), Colgate-Palmolive (CL), Procter and Gamble (PG), Economic data
Consumer spending had its largest fall this year, thanks to the end of the "Cash for Clunkers" program. And, incomes were flat. No change to the money coming in and a drop in the cash going out translates to an impediment to economic recovery.
In September, consumer spending fell 0.5%, the first decline in five months and the worst in nine. Wages and salaries dropped 0.2%, effectively offsetting the 0.2% up-tick in August. The economy did grow in the third quarter of 2009, hinting that the worst recession in 70 years may be coming to a close, but the tough September suggests we still have some work in front of us.
Continue reading Bad September, good Q3 for consumer spending, what's next?
Posted Aug 15th 2009 12:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT), Blockbuster Inc 'A' (BBI), Applied Materials (AMAT), CIT Group (CIT), Sara Lee Corp (SLE), Kohl's Corp (KSS), Hormel Foods (HRL), Liz Claiborne (LIZ), Lions Gate Entertainment (LGF)
Continue reading Earnings highlights: Blockbuster, Walmart, Applied Materials, ING, Priceline ...
Posted Aug 3rd 2009 6:00PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Clorox Co (CLX), Colgate-Palmolive (CL), Procter and Gamble (PG)
The Clorox Company (NYSE: CLX), a famous supermarket brand similar to companies such as Procter & Gamble (NYSE: PG) and Colgate-Palmolive (NYSE: CL), reported Q4 earnings today. Excluding certain factors, Clorox increased its per-share profit by 18% to $1.35.
The dollar continues to wreak havoc on companies with international exposure (there's a whole lot of them, of course). Including currency translations, Clorox's top line was flat. Without the effect (and excluding the impact of a private-label business that the company exited), sales increased 3%. The company utilized price increases to help offset the tough times. Unfortunately, volume decreased 2% during the quarter.
Continue reading Clorox increases prices -- and profit -- in Q4
Posted Aug 2nd 2009 9:30AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Exxon Mobil (XOM), Walt Disney (DIS), Kellogg Co (K), Colgate-Palmolive (CL), Verizon Communications (VZ), Eastman Kodak (EK), RadioShack Corp (RSH), Dow Chemical (DOW), MetLife Inc. (MET)
Continue reading Earnings highlights: Verizon, RadioShack, MetLife, Kellogg, Exxon, Disney ...
Posted Jul 31st 2009 9:00AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Clorox Co (CLX), Colgate-Palmolive (CL), Procter and Gamble (PG)
Colgate-Palmolive (NYSE: CL), whose colleagues at the supermarket include companies like Procter & Gamble (NYSE: PG) and Clorox (NYSE: CLX), did all right in the second quarter. Sales were inhibited by currency rates: they dropped by well over 5%. The bottom line, on the other hand, fared a lot better. The company made $1.07 per share compared to 92 cents per share in the year-ago period. However, the previous year's quarter had 6 cents of charges to take into account, so the adjusted earnings in 2008 actually comes out to 98 cents. This makes the growth rate a modest 9%. The market was expecting $1.05 per share according to Earnings.com, so management beat by two pennies.
I was surprised a little by how the stock sold off on Thursday after the earnings report. Shares of Colgate-Palmolive closed down over 5% on very active volume.
Continue reading Colgate-Palmolive beats estimates in Q2
Posted Jul 23rd 2009 3:20PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Colgate-Palmolive (CL), Procter and Gamble (PG), Kimberly-Clark (KMB)
Kimberly-Clark (NYSE: KMB), a consumer-products company that counts Procter & Gamble (NYSE: PG) and Colgate-Palmolive (NYSE: CL) as colleagues, announced Q2 results on Thursday. The performance wasn't spectacular, but management successfully defended the bottom line from the recession by instituting pricing strategies that leveraged the brand equity of the company's portfolio.
The bottom line fell, of course, but probably not as far as it would have if there weren't any pricing mechanisms in place. Earnings per share came in at 97 cents. This was six cents lower than last year's adjusted Q2 income. Revenues were challenged by dollar fluctuations, dropping well over 5%. However, here's the silver lining: organic sales increased almost 3%, even with volumes on the decline.
Continue reading Kimberly-Clark up on Q2 numbers
Posted Jul 9th 2009 10:30AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Colgate-Palmolive (CL), Procter and Gamble (PG)
Consumer-products concern WD-40 (NASDAQ: WDFC) had something of a rough third quarter. According to the press release, which was issued on Wednesday after the bell, sales were down over 16%. The company made 41 cents per diluted share. This was 8 cents less than the previous year's Q3 performance.
It was, however, 3 cents better than what the analysts were looking for, according to Earnings.com. Gross margin, it should also be noted, improved significantly. Driving this positive element of the story were efficiencies in the supply chain, price increases, and the drop in the price of oil.
Continue reading WD-40 beats earnings, aided by drop in oil price
Posted May 20th 2009 10:30AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Home Depot (HD), McDonald's (MCD), Netflix, Inc. (NFLX), Nokia Corp. (NOK), Colgate-Palmolive (CL), Procter and Gamble (PG), Lowe's Cos (LOW), BP p.l.c. ADS (BP), Analyst initiations
Analyst upgrades:
- Barclays believes Procter & Gamble's (NYSE: PG) portfolio mix provides better leverage to stabilizing macro trends. The firm upgraded shares to Overweight from Equal weight and raised its target to $60 from $56. Note the firm downgraded Colgate (NYSE: CL) to Equal Weight from Overweight.
- Deutsche Bank upgraded McDonald's (NYSE: MCD) to Buy from Hold as it finds the risk/reward on shares compelling at current levels and sees upcoming catalysts from McCafe and easing commodity pressures. The firm raised its target price to $65 from $60.
- FBR Capital upgraded Talbots (NYSE: TLB) to Outperform from Market Perform to reflect an attractive risk/reward, reduced risk of a bankruptcy, and merchandise improvements. The firm raised its target price to $4 from $2.
- Nokia (NYSE: NOK) was upgraded to Buy from Hold at Deutsche Bank.
- Analog Devices (NYSE: ADI) was upgraded to Neutral from Underperform at Baird.
Continue reading Analyst upgrades, downgrades and initiations: PG, MCD, TLB, CL, JTX, HD, IPCM, MYRG and NFLX
Posted May 1st 2009 8:30AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Johnson and Johnson (JNJ), Colgate-Palmolive (CL), Procter and Gamble (PG), Kraft Foods'A' (KFT)
Procter & Gamble (NYSE: PG) might not have the best growth rates going these days, but truth be told, I thought the company's Q3 report was acceptable given everything that is going on.
Yes, sales declined by 8%, driven by currency effects. Organic sales, however, increased 1%. Earnings per share increased 2% to 84 cents. This beat Wall Street forecasts by four pennies according to this source.
Continue reading Procter & Gamble beats in Q3, had a passable quarter
Posted Apr 22nd 2009 1:20PM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Ford Motor (F), General Motors (GM), Caterpillar (CAT), Colgate-Palmolive (CL), Dean Foods (DF), US Airways Group (LCC), Lockheed Martin (LMT), Analyst initiations, Broadcom Corp'A' (BRCM), Gilead Sciences (GILD), Andersons Inc (ANDE)
Analyst upgrades:
- Merriman upgraded Dendreon (NASDAQ: DNDN) to Buy from Neutral on expectations shares will react positively to the full IMPACT data release on April 28. The firm thinks Provenge could represent the first cancer immunotherapy approved in the U.S. and raised its valuation range on the stock to $33-$34 from $18-$19.
- Piper Jaffray upgraded Andersons (NASDAQ: ANDE) as it believes the valuation is attractive, investor expectations are low, and the company's fertilizer and rail segments could recovery in FY10. The firm has a $19 target on shares. Goldman upgraded the auto sector to Neutral from Cautious and added Ford (NYSE: F) to its Conviction Buy list. The analyst does not believe Ford will have to declare bankruptcy and sees the company benefiting from Chrysler share declines and GM's (NYSE: GM) reduced product offerings. Ford's price target is $6
- Banc of America/Merrill upgraded U.S. Airways (NYSE: LCC) to Buy from Underperform.
- Broadcom (NASDAQ: BRCM) was upgraded to Equal Weight from Underweight at Morgan Stanley.
- Caterpillar (NYSE: CAT) was raised to Overweight from Neutral at JP Morgan.
Continue reading Analyst upgrades, downgrades and initiations: DNDN, ANDE, the auto sector, DGX, MTB, ADVS, ITG, MF and PCLN
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