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☆ Clorox CEO Linda Rendle goes one-on-one with Jim Cramer
▼ + stars: | 2024-10-31 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClorox CEO Linda Rendle goes one-on-one with Jim CramerClorox Chair and CEO Linda Rendle joins 'Closing Bell Overtime' to talk quarterly results, consumer trends, and more.

Persons: Linda Rendle, Jim Cramer

☆ Clorox CEO describes comeback process after massive cyberattack
▼ + stars: | 2024-10-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

In a Thursday interview with CNBC's Jim Cramer, Clorox CEO Linda Rendle detailed how her company managed to recover after a cyberattack last year disrupted production and seriously hurt business. Rendle discussed the serious nature of the attack, saying the company was "operating in manual mode for nearly two months" and added that Clorox lost about a third of its distribution and market share. Its cat litter brand, Fresh Step, was hit particularly hard as cat owners who switched brands due to shortages were reluctant to switch back. But Rendle said the cat litter business has been on the rebound, regaining much of its lost market share, but admitted that "we have a lot more work to do in that category." She also expressed gratitude towards retailers who worked with Clorox during that time and added that these partnerships are stronger coming out of the attack.

Persons: CNBC's Jim Cramer, Linda Rendle, Rendle, Clorox Organizations: Clorox

☆ We were operating in manual mode for 'nearly two months', says Clorox CEO on cyberattack
▼ + stars: | 2024-10-31 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe were operating in manual mode for 'nearly two months', says Clorox CEO on cyberattackClorox Chair and CEO Linda Rendle joins 'Closing Bell Overtime' to talk quarterly results, consumer trends, and more.

Persons: Linda Rendle

☆ Cramer's Lightning Round: Cisco is a buy
▼ + stars: | 2023-11-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Clorox's year-to-date stock performance. Stock Chart Icon Stock chart icon AGNC's year-to-date stock performance. Stock Chart Icon Stock chart icon Cisco's year-to-date stock performance. Stock Chart Icon Stock chart icon Johnson & Johnson's year-to-date stock performance. Stock Chart Icon Stock chart icon Ventas' year-to-date stock performance.

Persons: Linda Rendle, AGNC, it's, Johnson, Ventas Organizations: Cisco

☆ Activist Engaged Capital sees a path to lift VF Corp’s share price and slash costs
▼ + stars: | 2023-11-04 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Activist Commentary: Engaged Capital was founded by Glenn W. Welling, a former principal and managing director at Relational Investors. Engaged has had great success as an activist, but almost all that success has come at small-cap companies. VF Corp. was in desperate need of a new CEO, and they got one. Engaged also urges VF Corp. to evaluate non-core divestitures to fix the balance sheet. After adding up all the pieces, Engaged sees a path to a $46 share price within three years.

Persons: Glenn W, Steve Rendle, Rendle, Bracken Darrell, Darrell, Rendle's, Ken Squire Organizations: Welling, Relational Investors, VF Corp, Bloomberg, Partners, Management, Vans, Logitech, Corp, 13D

☆ Jim Cramer blasts warnings from a competitor, says buy cybersecurity leader Palo Alto Networks
▼ + stars: | 2023-11-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Despite doom-and-gloom from a competitor around cybersecurity spending, Jim Cramer said Friday that it's the perfect time to buy industry leader Palo Alto Networks (PANW), considering the onslaught of recent high-profile hacks and breaches. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance In fact, companies need the services of cybersecurity specialists, Palo Alto, more than ever nowadays. On Oct. 20 , identity management company Okta (OKTA) said its support systems were hacked. Cramer said Palo Alto Networks stands to benefit. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: Jim Cramer, Fortinet, —, Jim, there's, Estee Lauder, we've, Tracey Thomas Travis, Linda Rendle, Cramer, Needham, Jim Cramer's, David Paul Morris Organizations: Palo Alto Networks, Palo, Boeing, Palo Alto, CNBC, Bloomberg, Getty Locations: Palo Alto, Fortinet, Alto, Palo, Las Vegas, cybersecurity, Santa Clara , California, U.S

☆ Vans, North Face owner VF Corp shares jump after activist investor builds stake
▼ + stars: | 2023-10-17 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Activist investment firm Engaged Capital has taken a stake in VF Corp. , owner of Vans and The North Face brands, and is pushing for cost cuts and changes to the board. Shares of VF Corp jumped roughly 14% following the news, trading at over $18. Engaged said shares of VF Corp. could jump to a share price of $46 within three years if proposed changes are implemented. It is unclear exactly how much of a stake Engaged has taken in VF Corp. VF Corp. said it is aware of Engaged's comments and investment.

Persons: Steve Rendle, Rendle, Rendle's, Bracken Darrell, Mr, Darrell Organizations: Face Inc, VF Corp, Vans, Corp Locations: Easton, Columbus , Ohio, Vans

☆ Wipes business continues to grow for us, says Clorox CEO Linda Rendle
▼ + stars: | 2023-08-03 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Wipes business continues to grow for us, says Clorox CEO Linda Rendle'Mad Money' host Jim Cramer sits down with Clorox CEO Linda Rendle to talk quarterly earnings, the state of the consumer and more.

Persons: Linda Rendle, Jim Cramer

☆ Vans sneakers maker VF taps Logitech's Bracken Darrell as CEO
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: 1 min

June 20 (Reuters) - VF Corp (VFC.N) has appointed Bracken Darrell, who last week stepped down as head of computer accessories maker Logitech (LOGN.S) after a 10-year stint, as its new CEO, the apparel and footwear maker said on Tuesday. VF Corp's CEO Steve Rendle retired in December 2022, after 25 years with the company, with lead independent director Benno Dorer named interim CEO. Darrell, who will take charge on July 17, has previously worked at Procter & Gamble (PG.N), Whirlpool Corp (WHR.N) and General Electric (GE.N). Dorer will remain a board member, VF Corp said. Reporting by Deborah Sophia and Juveria Tabassum in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Bracken Darrell, Steve Rendle, Benno Dorer, Darrell, Dorer, Deborah Sophia, Juveria, Sriraj Organizations: VF, Logitech, Procter & Gamble, Whirlpool Corp, General Electric, Corp, Thomson Locations: Bengaluru

☆ Consumers are finally pushing back against 'greedflation' and rejecting pricey charcoal
▼ + stars: | 2023-05-05 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Clorox's Kingsford raised prices on charcoal early this year as it prepared for grilling season. Most consumers are wary of "greedflation," or when companies raise prices to pad their profit. That included price hikes on Kingsford, Clorox's charcoal brand, CFO Kevin Jacobsen told Reuters. According to Reuters, eight pounds of Kingsford Original Charcoal briquettes, for instance, cost $7.92 on Walmart's website this week. As a result, Kingsford lost market share to competitors, Jacobsen told Reuters.

☆ CPGs like Coca-Cola, P&G, and Clorox break down their marketing investments as consumers reckon with price hikes
▼ + stars: | 2023-02-21 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

Many CPGs like Coca-Cola, P&G, and Clorox don't intend to increase their current level of marketing. As the economic squeeze continues, CPG brands like Procter & Gamble, Coca-Cola, and Clorox are being ultra-cautious about their marketing spend. Major CPGs spent hundreds of millions, and at times billions, on ads in 2022. Clorox spent $280 million, Coca-Cola spent $646 million, and Unilever spent $746 million according to data from Vivvix, an ad intel platform owned by Kantar, and social data from Pathmatics. Clorox, Coca-Cola, and Unilever didn't respond to a request for comment.

☆ CPGs like Coca-Cola and P&G don't want to spend more on marketing, but might have to if consumers get fed up with all the price increases
▼ + stars: | 2023-02-16 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

☆ Struggling sneaker brand Vans is trying to lure millennials away from Nike and other brands with nostalgia, high heat collabs, and better arch support
▼ + stars: | 2022-12-13 | by ( Danni Santana | ) www.businessinsider.com time to read: +6 min

But Harrer, who joined Vans from Dollar Shave Club in April 2021, noted that Vans wasn't reminding people about those classic shoes. Vans stopped marketing its classic sneakers for some time before resuming earlier this year with the "Classic Since Forever" campaign. "Our top-tier limited-distribution footwear, which you may know as Vans Vault, has previously met the needs of influential footwear-trend accounts in the past," he said. With Vans Vault, the company takes classic shoes and collaborates with popular designers and boutiques on new colorways. Vans Vault releases compete with Nike, Adidas, Converse, and others for the general sneaker lover.

☆ Wall St slides as services data spooks investors about Fed rate hikes
▼ + stars: | 2022-12-05 | by ( David French | ) www.reuters.com time to read: +4 min

Broadly, indexes suffered as data showed U.S. services industry activity unexpectedly picked up in November, with employment rebounding, offering more evidence of underlying momentum in the economy. Investors see an 89% chance that the U.S. central bank will increase interest rates by 50 basis points next week to 4.25%-4.50%, with the rates peaking at 4.984% in May 2023. The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year, which saw the central bank attempt to arrest a multi-decade rise in inflation with record interest rate hikes. "Stock Exchange" is seen over an entrance to the New York Stock Exchange (NYSE) on Wall St. in New York City, U.S., March 29, 2021. Although bank profits are typically boosted by rising interest rates, they are also sensitive to concerns about bad loans or slowing loan growth amid an economic downturn.

☆ VF Corp. Chairman, CEO Steven Rendle Retires
▼ + stars: | 2022-12-05 | by ( Colin Kellaher | ) www.wsj.com time to read: 1 min

The shakeup at the top of VF comes as the apparel maker lowered its sales and earnings guidance. VF Corp. on Monday said Steven Rendle has retired as chairman, president and chief executive, as the apparel maker cut its sales and earnings guidance amid flagging consumer demand. VF said Benno Dorer , the former CEO of Clorox Co., is stepping in as interim president and CEO while the Denver company conducts a search for a successor to Mr. Rendle, who had been chairman and CEO since 2017. Mr. Dorer has been a VF board member since 2017 and served as lead independent director since July 2021.

☆ VF Corp. lowers full-year guidance, announces CEO is retiring
▼ + stars: | 2022-12-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Benno Dorer, who sits on the company's board, will serve as interim CEO while the company searches for Rendle's permanent replacement. VF Corp. said it now expects full-year revenue to increase by 3% or 4% over the prior year, down from previously projected growth of 5% or 6%. It estimates its full-year earnings to come in at about $2.00 to $2.20 per share, down from previous guidance of $2.40 to $2.50, announced a few weeks ago. VF Corp. reported full-year earnings of $3.18 per share last year. This is the second time in less than two months that VF Corp. has slashed its guidance.

☆ As market volatility persists, Wall Street analysts say to sell these stocks
▼ + stars: | 2022-10-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Seven of the stocks — all part of the MSCI World Index — have analysts' price targets below their current share price, according to FactSet data. Equity analysts at investment banks and research firms rate stocks as sell or underweight if they believe the shares will perform poorly over the next 12 months. Analysts' median price target for AMC is 57.5% below the current share price, FactSet data shows. Wedbush Securities analyst Alicia Reese downgraded AMC from $4 to $2 but believes the company has long-term potential at her price target. Clorox Analysts' average price target on Clorox is just 1.4% below the current share price, but 11 out of 14 analysts covering the stock give it a sell or underweight rating.

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