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Under new leadership, P&G begins to build a brighter future

Posted Oct 29th 2009 6:20PM by David Schepp (RSS feed)
Filed under: Earnings reports, Forecasts, Products and services, Consumer experience, Competitive strategy, Colgate-Palmolive (CL), Procter and Gamble (PG), Stocks to Buy

As with the consumers to whom it sells, Procter & Gamble Co. (NYSE: PG) has weathered tough times in recent months. The Cincinnati company saw revenues fall and volumes squeezed (not unlike its trademark Charmin bath tissue) as recession-weary shoppers continued to rein-in expenses and begged off buying pricier goods.

Still, following a year in which the company faced one of the most difficult macroeconomic environments in decades, P&G surprised analysts Thursday by reporting fiscal first-quarter earnings of $3.31 billion, or $1.06 a share, compared with $3.35 billion, or $1.03 a share, a year earlier. Analysts polled by Zacks.com anticipated the company would earn just 97 cents a share.

Continue reading Under new leadership, P&G begins to build a brighter future

Procter & Gamble earnings preview

Posted Aug 4th 2009 6:00PM by Michael Fowlkes (RSS feed)
Filed under: Before the bell, International markets, Earnings reports, Forecasts, From the boards, Competitive strategy, Procter and Gamble (PG), Recession, Financial Crisis

PG Earnings PreviewProcter & Gamble (NYSE: PG) is going to be reporting its fiscal fourth quarter earnings tomorrow before the market open.

Going into tomorrow's earnings announcement analysts are expecting to see the company report earnings of 79 cents per share. For the same period last year the company had earnings of 92 cents per share.

Continue reading Procter & Gamble earnings preview

A look at Diageo's announcement

Posted Feb 12th 2009 1:39PM by Mark Fightmaster (RSS feed)
Filed under: Diageo plc (DEO)

I am a big fan of Diageo (NYSE: DEO), for no other reason that the company produces this blogger's two favorite adult beverages: Guinness and Captain Morgan. I am not an investor in the company, but with the copious amount of product I have consumed in the past 14 (or so) years - I may as well be. This is why I keep taps on the company's announcements, hey, I track what I know.

Continue reading A look at Diageo's announcement

Procter & Gamble (PG) beats estimates for its first quarter

Posted Oct 29th 2008 9:12AM by Michael Fowlkes (RSS feed)
Filed under: Before the bell, Earnings reports, Forecasts, Good news, Procter and Gamble (PG)

Consumer goods giant Procter & Gamble (NYSE: PG) put up some impressive numbers this morning for its fiscal first quarter, reporting a 9% jump in profit. But the company did adjust its full year forecast slightly lower.

Going into this morning's earnings announcement, Wall Street analysts had been expecting the company to earn 99 cents per share, and the company reported an actual $1.03 EPS for its most recent quarter. This is a 12% jump year-over-year from its 92 cents earnings per share it reported for the same period last year.

Higher commodity costs continued to be a sore spot for the company, resulting in a decline in profit margins by 0.6% during the quarter to 50.5%. The volatility of the commodities market led the company to slightly lower its full year 2009 estimates, to a range of $4.15 to $4.25 a share, slightly lower on the low end from previous estimates of $4.18 to $4.25. Analysts estimates for the full year are $4.17 a share.

For the company's current second quarter, it expects to see earnings fall between $1.45 and $1.50 a share. Analysts were looking to see the company forecast $1.47 for its current quarter.

The stock is trading down slightly in the pre-market, currently down 0.3%, after posting a strong gain yesterday of 10.2% as it soared with the overall market.

Michael Fowlkes has worked as a stock trader for seven years and spent the last four years working as an analyst for the online investment advisory service Investor's Observer.

Kroger is the defensive play that's right down the street

Posted Jan 2nd 2008 5:58PM by Joseph Lazzaro (RSS feed)
Filed under: Kroger Co (KR), Stocks to Buy

The market's choppy / consolidating pattern continues, suggesting the need for a defensive play or two (or perhaps more) as the new year begins. Further, there are few defensive plays better than a grocery store chain, and in this category Kroger is worth a review.

The Kroger Co. (NYSE: KR) is the nation's largest grocery chain, boasting more than 2,400 stores, with the typical format being food/drug store combination stores.

Analysts see modest sales growth in 2008 of 4-7% but margins should widen, due to Kroger's ability to pass on product cost increases, and a more-modest advertising budget.

In general, analysts also sense that Kroger is in-tune with competitive pressures in the grocery chain segment - - improving customer service levels and the overall shopping experience. Further, look for KR's private label items to play a larger role in revenue, particularly as some consumers switch down to generic brands in 2008 to reduce their food costs. The Reuters FY 2008/FY 2009 EPS consensus estimates for KR are $1.69 to $1.89.

Continue reading Kroger is the defensive play that's right down the street

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S&P 500+5.501,098.51

Last updated: November 12, 2009: 03:20 AM

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