Consumer Packaged Goods
Nestle Considers Sweet Deal with Mondelez
Mondelez International (NASDAQ:$MDLZ) is high on Nestle’s (OTCPK:$NSRGY) list for a potential sale of its U.S. confectionery division. Nestle is currently weighing its options, with a decision expected to be finalized by year’s end. While ... [Read]
Retail
Sprouts Farmers Market: A Stock to Watch
Sprouts Farmers Market (NASDAQ:$SFM) has taken substantial hits recently as a result of Amazon’s (NASDAQ:$AMZN) $14-billion acquisition of Whole Foods Market (NASDAQ:$WFM). The new partnership plans to drastically reduce prices in the natural and organic ... [Read]
Consumer Packaged Goods
Cosmetics Company Coty Inc. Falls Due to Surprising Quarterly Results
Cosmetics company Coty Inc. (NYSE:$COTY) released a shocking report for its fourth quarter in which the company posted a net loss. Coty Inc. also cautioned consumers that it may lower the stock of some of ... [Read]
Consumer Packaged Goods
Foot Locker Reports Dismal Quarterly Results; Stock Plunges 26%
On Friday, before the market opened, Foot Locker (NYSE:$FL) reported its quarterly results. And there’s only one word to describe the quarter: disappointing. The New York City-based retailer missed expectations by a wide margin, causing ... [Read]
Consumer Packaged Goods
Kylie Jenner’s Cosmetics Brand Could Earn $1 Billion By 2020
Most people – especially young women – are aware of how popular Kylie Jenner’s cosmetics brand has become ever since it launched in 2016. Now, sales figures for Kylie Cosmetics reveal just how popular her ... [Read]
Consumer Packaged Goods
Fossil Group Reports Sharp Q2 Loss and CFO Departure, Shares Fall 26%
Shares of Fossil Group (NASDAQ:$FOSL) are falling today after the Richardson, Texas-based company posted a sharp loss on Tuesday, and disclosed the departure of CFO Dennis Secor. On Wednesday, in early trade, Fossil Group shares ... [Read]
Consumer Packaged Goods
Ralph Lauren Shares Increased Today After Posting Strong Fiscal Q1 Earnings
On August 8, Ralph Lauren (NYSE:$RL) witnessed its stock jump by 10% as of 12:45 p.m. EDT. This occurred after the clothing specialist posted better-than-expected fiscal Q1 earnings. What Happened? In the report, Ralph Lauren ... [Read]
Consumer Packaged Goods
Michael Kors’ Stock Rises After Profit and Revenue Beat
At a time when retail is suffering, Michael Kors’ stock rose somewhat unexpectedly on Tuesday, August 8, following a strong earnings report for its fiscal first quarter. Although profit fell by 15% and revenue fell ... [Read]
Consumer Packaged Goods
Avon Products CEO Sheri McCoy to Step Down in 2018
On Thursday, Avon Products Inc. (NYSE:$AVP) announced that CEO Sheri McCoy will step down from her position in 2018. At the same time, the door-to-door cosmetics seller – who has faced tremendous pressure from Barington ... [Read]
Consumer Packaged Goods
McCain Foods CEO Hired As Mondelez CEO After Irene Rosenfeld Retires
The food and beverage company most known for its Oreo brand, Mondelez International Inc. (NASDAQ:$MDLZ) has just announced that the CEO of Canadian frozen foods company McCain Foods (traded privately), Dirk Van de Put, will ... [Read]