Costco continues to amaze investors with its sales growth rate, especially given that Wall Street pundits believed that the company would lose market share in light of increased competition.
On January 29, SunTrust Robinson initiated coverage on PepsiCo stock with a “hold” recommendation and a target price of $125.00.
Currently, PepsiCo is trading at a lower valuation multiple than other major players in the non-alcoholic beverage space.
For fiscal 4Q17, analysts expect PepsiCo’s adjusted earnings per share to rise ~9.2% to $1.31. The growth is expected due to better margins.
PepsiCo’s (PEP) reported gross margin and operating margin improved in fiscal 3Q17, which ended on September 9, 2017.
Analysts expect PepsiCo’s 4Q17 revenue to fall 0.6% on a YoY basis to $19.4 billion. For fiscal 2017, analysts expect PepsiCo’s revenue to rise ~1.0%.
PepsiCo (PEP) will announce its fiscal 4Q17 results on February 13, 2018. As of February 6, PepsiCo stock has declined 5.3% since the beginning of 2018.
The convenience store business was Kroger’s non-core business. Kroger announced its intention to explore strategic alternatives in October 2017.
On February 6, 2018, Kroger announced that it has entered into a definitive agreement with EG Group regarding the sale of its convenience store business.
Demand for protein-rich food in the domestic market and increased exports have led meat producers Tyson Foods (TSN), Sanderson Farms (SAFM), and Pilgrim’s Pride (PPC) to report stellar sales growth in 2017.
Analysts expect Kellogg (K) to report sales of $3.1 billion, which represents a year-over-year decline of about 0.5%.
On February 8, 2018, analysts expect Kellogg to report adjusted EPS (earnings per share) of $0.96, up ~4.3% on a year-over-year basis.
The Dow Jones Industrial Average marked one of its worst recent declines and fell 666 points on February 2. Rising interest rates and mixed earnings reports led to the selling frenzy.
Ahead of the upcoming fiscal 2Q18 results, most analysts covering Hain Celestial (HAIN) have maintained a “hold” rating.
Hain Celestial’s (HAIN) management remains confident it can expand margins in fiscal 2018 driven by Project Terra despite higher commodity and freight costs.
Hain Celestial (HAIN) will announce its fiscal 2Q18 results on February 7, 2018.
For fiscal 2Q18, which ended on December 31, 2017, analysts expect Hain Celestial (HAIN) to report 5.1% growth in net sales to $777.5 million.
Organic and natural food manufacturer and marketer Hain Celestial (HAIN) is set to report its fiscal 2Q18 results on February 7, 2018.
Hershey (HSY) reported weak 4Q17 sales and earnings results and missed analysts’ expectations. A few analysts reduced their target price on Hershey stock.
Hershey’s profit margins continued to decline in 4Q17. Lower sales and increased costs more than offset the benefits from productivity and cost savings.