Margin Improvements and Demand-Generation Investments Boost Growth - Research Report on Colgate, Kimberly-Clark, Mead Johnson, Campbell, and Dole
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NEW YORK, July 31, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Colgate-Palmolive Company (NYSE: CL), Kimberly-Clark Corporation (NYSE: KMB), Mead Johnson Nutrition Co. (NYSE: MJN), Campbell Soup Company (NYSE: CPB), and Dole Food Company, Inc. (NYSE: DOLE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Colgate-Palmolive Company Research Report
On July 25, 2013, Colgate-Palmolive Company (Colgate) reported its financial results for Q2 2013. The Company posted net sales of $4.3 billion, reflecting an increase of 1.9% YoY. GAAP based net income was $561 million, or $0.60 per diluted share, in Q2 2013, compared to net income of $627 million, or $0.65 per diluted share, in Q2 2012. Non-GAAP net income in Q2 2013 was $662 million, or $0.70 per diluted share, compared to net income of $641 million, or $0.67 per diluted share, in Q2 2012. Ian Cook, Colgate's Chairman, President and CEO, said, "We are delighted that our strong growth momentum continued on both the top and bottom lines. For the fifth consecutive quarter, gross profit margin, operating profit margin and net income as a percent of sales all increased versus the year ago period." The Full Research Report on Colgate-Palmolive Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4557_CL]
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Kimberly-Clark Corporation Research Report
On July 22, 2013, Kimberly-Clark Corporation (Kimberly-Clark) reported its financial results for Q2 2013. The Company reported net sales of $5.3 billion during Q2 2013, flat when compared to Q2 2012. Q2 2013 net income attributable to Kimberly-Clark was $526 million, or $1.36 per diluted share, compared to net income of $498 million, or $1.26 per diluted share, in Q2 2012. Kimberly-Clark Chairman and CEO, Thomas J. Falk, said, "We achieved 3 percent organic sales growth, as excellent results in K-C International more than offset mixed volume performance in the developed markets. We generated $80 million of cost savings, improved adjusted operating profit margin by 80 basis points and delivered an 8 percent increase in adjusted earnings per share. We also launched a number of product innovations and continued to allocate capital in shareholder-friendly ways." The Full Research Report on Kimberly-Clark Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a3ff_KMB]
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Mead Johnson Nutrition Co. Research Report
On July 25, 2013, Mead Johnson Nutrition Co. (Mead Johnson) reported its financial results for Q2 2013. The Company's net sales grew 4.2% YoY to $1.1 billion during Q2 2013. GAAP based net earnings attributable to shareholders were $162.2 million, or $0.80 per diluted share, in Q2 2013, compared to net earnings of $165.8 million, or $0.81 per diluted share, in Q2 2012. On a non-GAAP basis, net earnings attributable to shareholders were $171.0 million or, $0.84 per diluted share, in Q2 2013 compared to net earnings of $171.2 million, or $0.83 per diluted share, in Q2 2012. Commenting on the results, Mead Johnson CEO Peter Kasper Jakobsen, said, "We are encouraged by our revenue growth in the quarter. It allowed us to increase demand-generation investments. Our China/Hong Kong business has returned to positive volume growth after three consecutive quarters of decline. We are fully cooperating with the Chinese regulatory authorities in the ongoing probe." The Full Research Report on Mead Johnson Nutrition Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/eb43_MJN]
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Campbell Soup Company Research Report
On July 24, 2013, Campbell Soup Company (Campbell) discussed its growth strategies and provided an update on its plans for FY 2014 at a meeting with investors, led by President and Chief Executive Officer, Denise Morrison. According to Craig Owens, SVP, CFO, and Chief Administrative Officer, "In fiscal 2014, we expect an improvement in the rate of organic sales and EBIT growth. We foresee solid performance in U.S. Simple Meals, led by the launch of new products and line extensions, growth in premium soups, increased breakthrough innovation and better availability for many of our products. Organic sales will also benefit from strong growth in the Bolthouse Farms portfolio. Our guidance for fiscal 2014 will include the impact of recent acquisitions, one of which has not yet closed. Fiscal 2014 also will be affected by significant currency movements and a 53rd week in the fourth quarter. Additionally, we will be cycling an unusually low tax rate from fiscal 2013." The Full Research Report on Campbell Soup Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1d9e_CPB]
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Dole Food Company, Inc. Research Report
On July 25, 2013, Dole Food Company, Inc. (Dole) reported its financial results for Q2 FY 2013 (period ended June 15, 2013). The Company reported revenue growth of 10.0% YoY to $1.2 billion. Comparable income from continuing operations for Q2 FY 2013 was $25.4 million, or $0.28 per share, compared to $61.0 million, or $0.69 per share, in Q2 FY 2012. Commenting on the results, C. Michael Carter, Dole's President and COO, said, "Second quarter Adjusted EBITDA performances from our fresh vegetables line of business and our remaining fresh fruit lines of business were less than last year. Fresh fruit was approximately $15 million lower mainly due to North America bananas, and fresh vegetables were approximately $14 million lower mainly due to berries, offset by approximately $4 million in lower corporate expenses." The Full Research Report on Dole Food Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5b79_DOLE]
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