Category: Consumer Goods

Consumer Goods, Finance, Financial, Popular

Polaris Continues to Surge; Results Beat Street Estimates

Polaris continues to deliver better-than-expected results, benefiting from persistent demand in response to well-received product launches and healthy growth in recently acquired businesses. While our narrow moat is predicated on strength in the firm’s brand and traditional product categories, we believe acquisitions and expansion into adjacent businesses could act as a major catalyst for earnings over the next decade. Shares are up 54% year to … Continue reading Polaris Continues to Surge; Results Beat Street Estimates

Chris LewisLeave a comment
Consumer Goods, Diversified Tech, Finance

Kimberly-Clark Withstands Pressure, Posts Adequate Earnings Results in Quarter

With a portfolio of leading brands and an expansive global distribution network, Kimberly-Clark continues to withstand the challenges resulting from intense competitive activity and lackluster macro conditions. Management raised the lower end of its full-year adjusted earnings per share expectations to $5.65-$5.75 (from $5.60 and compared with our forecast of $5.71), partly reflecting a lower tax rate and share count. Our $93 fair value estimate … Continue reading Kimberly-Clark Withstands Pressure, Posts Adequate Earnings Results in Quarter

John BellichLeave a comment
Analysis, Consumer Goods, Finance

Diageo Reports Solid Sales Numbers Across North America

Diageo issued a brief interim management statement for the three months ended Sept. 30. Overall, the company’s organic net sales climbed 3.1% in the period, led by North America (up 5.1%) and Latin America and Caribbean (up 10.9%). Analysts continue to believe that over the next decade Diageo will grow revenue by almost 6% per year and earnings per share by roughly 8% to 9% … Continue reading Diageo Reports Solid Sales Numbers Across North America

Jason KnoxLeave a comment
Consumer Goods, Diversified Tech, Finance

Nestle Posts Solid Results Despite Slower Growth in Emerging Markets

Nestle’s underlying sales increased 4.4% during the first nine months of fiscal 2013, driven by 3.0% volume growth and 1.4% higher prices. While concerns surrounding slowing growth in some emerging markets have circulated throughout the consumer products industry, Nestle’s performance was again skewed toward developing regions (up 8.8%, and about 45% of consolidated sales), while developed markets remain lackluster (up just 1.1%). The European business … Continue reading Nestle Posts Solid Results Despite Slower Growth in Emerging Markets

Richard AtkinsLeave a comment
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Analysis, Consumer Goods, Diversified Tech, Finance, Financial, Popular, Services Sector

Buckeye Announces Acquisition of Hess’ Terminal Assets

Last week, Buckeye announced it has agreed to acquire Hess’ terminal assets spanning the East Coast and Caribbean for $850 million. The addition of 39 million barrels of storage increases Buckeye’s storage capacity by more than 50% to 112 million barrels and complements the partnership’s existing wide-moat footprint very well, in our view. In particular, Buckeye will gain 15 million barrels of capacity in the … Continue reading Buckeye Announces Acquisition of Hess’ Terminal Assets

Mark DoerrLeave a comment
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Consumer Goods, Diversified Tech, Finance

Snap-on Narrowly Beats Consensus Estimates

Snap-on reported third-quarter 2013 earnings per share of $1.43, nearly in line with the $1.42 EPS Street consensus estimate. Once again, the company was able to expand consolidated operating margin, which was 14.8% versus 13.5% last year, despite challenging operating conditions from anemic European economic conditions and reduced defense spending in the U.S. Our $105 fair value estimate remains unchanged. This 3-star rated stock is … Continue reading Snap-on Narrowly Beats Consensus Estimates

John MeadyLeave a comment