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Search resuls for: "Aaron Back"


14 mentions found


☆ Orville Redenbacher Maker’s Margins Pop in Good Sign for Food Companies
  + stars: | 2023-04-05 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Conagra, which makes Orville Redenbacher’s popcorn, said organic sales in its fiscal third quarter rose 6.1% from a year earlier. Conagra Brands posted lukewarm results on Wednesday that should nonetheless be reassuring to investors in it and other packaged food companies. The maker of Marie Callender’s pies and Orville Redenbacher’s popcorn said Wednesday that organic sales in its fiscal third quarter rose 6.1% from a year earlier. That was a significant slowdown from 8.6% in the second quarter, and a tad less than the 6.3% growth that analysts had penciled in, according to consensus estimates from Visible Alpha.
☆ Banks Trade Relief Now for Regulation Later
  + stars: | 2023-03-13 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
At the end of last year SVB Financial, parent company of Silicon Valley Bank, had $212 billion of total assets. Nobody wants to be called systemically important—until they need a hand. For years American banks of a certain size argued they were unfairly burdened by post-financial-crisis regulations. This culminated in the passage of a bill in 2018, with bipartisan support, that among other things raised the threshold for tighter supervision by the Federal Reserve from $50 billion of total assets to $250 billion.
☆ Unilever’s New Chief Faces Tough Balancing Act
  + stars: | 2023-02-09 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Unilever posted lukewarm results on Thursday that underscore the challenges awaiting its incoming chief executive. The maker of Dove Soap and Hellmann’s Mayonnaise said it saw underlying sales growth of 9.2% from a year earlier in the fourth quarter thanks to sharply higher prices. Pricing was up 13.3%, while volumes declined 3.6%. Outgoing Chief Executive Alan Jope said on a conference call with analysts that the company will need to raise prices even more to offset continuing cost inflation this year.
☆ Consumer Staples Wipeout Continues With Kimberly-Clark
  + stars: | 2023-01-25 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Kimberly-Clark, the maker of Huggies diapers, issued a profit forecast for 2023 that came up short of analyst estimates. Kimberly-Clark on Wednesday continued a soft streak for makers of everyday household goods, putting up weak guidance for 2023 that disappointed investors. The maker of Kleenex tissues and Huggies diapers posted decent results for the fourth quarter of 2022. Sales were flat compared with a year earlier, but organic sales, which strip out the impact of currency fluctuations, were up 5%. That, and earnings per share of $1.50, were roughly in-line with analyst estimates.
☆ Procter & Gamble Is No Bargain
  + stars: | 2023-01-19 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Procter & Gamble posted underwhelming results on Thursday that, while far from disastrous, provide no reason for optimism on its stock. The maker of Oral B toothbrushes and Bounty paper towels said sales in its second quarter ended in December fell 1% from a year earlier. On an organic basis, stripping out currency fluctuations, sales were up 5%. But that obscures some underlying weakness: Volumes fell across all of its categories, meaning the top line was salvaged through price increases.
☆ Conagra Is Your Food Value Play for 2023
  + stars: | 2023-01-05 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
American food companies had a strong 2022. One relative laggard in the sector, Conagra Brands, looks positioned to break out this year. The company, which owns brands such as Birds Eye frozen vegetables, Hunt’s tomato products and Reddi Wip, reported strong results on Thursday. Organic sales, which strip out currency fluctuations and merger impacts, rose 8.6% from a year earlier in the company’s second fiscal quarter, which ended on Nov. 27. That was just ahead of analyst expectations for an 8.4% rise, according to Visible Alpha.
☆ Short Bets Saved Columnists in 2022
  + stars: | 2023-01-03 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Journalists are sometimes criticized for having a negative bias, but in Heard on the Street’s annual stock-picking contest at least, a few pessimistic takes have been our columnists’ saving grace. This year’s contest began on Aug. 8 and will run a full year, but an examination of the results through the end of 2022 is still instructive. Our team of columnists around the world each had to make two picks, which could be long bets or short ones, profiting from a declining share price. The latter opens an investor up to theoretically unlimited losses but a maximum gain of just 100%. Only a handful opted to take that risk, but it paid off handsomely—they are leading the contest so far.
☆ Short Bets Saved Heard Columnists in 2022
  + stars: | 2023-01-03 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Journalists are sometimes criticized for having a negative bias, but in Heard on the Street’s annual stock-picking contest at least, a few pessimistic takes have been our columnists’ saving grace. This year’s contest began on Aug. 8 and will run a full year, but an examination of the results through the end of 2022 is still instructive. Our team of columnists around the world each had to make two picks, which could be long bets or short ones, profiting from a declining share price. The latter opens an investor up to theoretically unlimited losses but a maximum gain of just 100%. Only a handful opted to take that risk, but it paid off handsomely—they are leading the contest so far.
☆ These Consumer Goods Stocks Are a Safer Haven Than the Rest
  + stars: | 2022-12-30 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
When times get tough, American investors look to everyday consumer goods to lend some stability to their portfolios. That strategy worked, but only to an extent, in 2022, as some kinds of goods turned out to offer far better protection than others. Demand for so-called consumer staples, or household essentials like groceries and cleaning supplies, tends to be more resilient than for more discretionary items like clothes or electronics, let alone big-ticket items like cars. This proved largely true as inflation hit consumer budgets in 2022. The S&P 500 consumer staples subindex is down just 2.7% for the year, compared with a 37% decline in the consumer discretionary subindex and a 19% decline for the broad S&P 500.
☆ General Mills Gets Bitten in Pet Food Mishap
  + stars: | 2022-12-20 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
General Mills’ pet segment sales were flat from a year earlier, while analysts had expected growth of 13%. Owning a pet means dealing with accidents. So too can owning a pet food brand. General Mills ‘ otherwise solid results on Tuesday were spoiled by a hiccup in pet food sales. The company also raised its guidance for organic sales and adjusted earnings per share for the full fiscal year.
☆ Campbell’s Turnaround Has Reached Full Boil
  + stars: | 2022-12-07 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Campbell Soup has gone from one of the most troubled companies in the packaged-food sector to one of the strongest. That may be partly luck, as both the pandemic and the current inflationary environment turned out to be favorable for its portfolio of soup, sauce and snack brands. But it is also a vindication of the leadership of Chief Executive Mark Clouse , who chose to invest in some of the company’s aging brands that prior leaders seemed nearly ready to give up on.
☆ First Tom and Gisele—Now Colgate and Palmolive?
  + stars: | 2022-10-30 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Colgate-Palmolive reported results with sales and earnings more or less in line with analyst estimates. The sports and modeling worlds have been rocked by news of a high-profile divorce. Could one of corporate America’s most famous unions also be headed for the splits? An activist challenge to the consumer-goods giant Colgate-Palmolive has started a discussion over whether and how it could be broken up. No big moves are imminent, but the chatter could ultimately lead to many far-reaching outcomes.
☆ Coca-Cola and Pepsi Wash Down Currency Worries
  + stars: | 2022-10-25 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/coca-cola-and-pepsi-wash-down-currency-worries-11666709007
☆ Powell Doesn’t Have to Go Full Volcker for Stocks to Drop
  + stars: | 2022-09-21 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Rhetoric emanating from the Federal Reserve hasn’t been so hawkish in decades. Investors, especially in stocks, are probably too complacent. The Fed on Wednesday raised the benchmark federal-funds rate by three quarters of a percentage point, to a range of 3% to 3.25%, as expected. Fed policy makers’ projections for rates at the end of this year also rose: Their median forecast is now that the federal-funds rate will reach 4.4% by then.
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