|By PR Newswire||
|March 18, 2014 08:01 AM EDT||
NEW YORK, March 18, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), The J. M. Smucker Company (NYSE: SJM), Diamond Foods, Inc. (NASDAQ: DMND), Campbell Soup Co. (NYSE: CPB), and McCormick & Co. Inc. (NYSE: MKC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Green Mountain Coffee Roasters Inc. Analyst Notes
On March 10, 2014, Green Mountain Coffee Roasters, Inc. (GMCR) announced that it has changed its corporate name to Keurig Green Mountain, Inc. (Keurig), effective immediately. "Our new name better reflects who we are as a Company today and captures our aspirations for the future," said Brian Kelley, Keurig's President and CEO. "The name Keurig Green Mountain brings together our two strongest brands, Keurig and Green Mountain Coffee, into one single and powerful corporate identity that symbolizes the strength of our business and the unity of our team, while also recognizing our strong heritage." The Company informed that it has retained its ticker symbol of "GMCR" on the NASDAQ stock exchange. The full analyst notes on Green Mountain Coffee Roasters Inc. are available to download free of charge at:
The J. M. Smucker Company Analyst Notes
On February 14, 2014, The J. M. Smucker Company (J. M. Smucker) reported its Q3 FY 2014 (period ended January 31, 2014) financial results. The Company's net sales totaled $1.5 billion, down 6.0% YoY, and net income was $166.7 million, up 8.1% YoY, during the quarter. Net income per diluted common share was $1.59, up 12.0% YoY. "We achieved record third quarter earnings per share and made good progress against our strategic plan," commented Richard Smucker, CEO of J. M. Smucker. "We continue to optimize our supply chain which, over time, improves our cost structure, margins, and cash flow, and positions us for future growth." For FY 2014, the Company anticipates a 5% YoY decline in net sales along with a lower non-GAAP income per diluted share estimate of $5.55 to $5.60. According to the Company, its FY 2014 estimates reflects its Q3 FY 2014 results including the unplanned trade spending accrual adjustment, lower volume expectations for Q4 FY 2014, a more competitive pricing environment in key categories, and foreign exchange headwinds. The full analyst notes on The J. M. Smucker Company are available to download free of charge at:
Diamond Foods, Inc. Analyst Notes
On March 11, 2014, Diamond Foods, Inc. (Diamond Foods) reported its Q2 FY 2014 financial results (period ended January 31, 2014). For the quarter, the Company reported net sales of $220.6 million, down 0.1% YoY. Net loss totaled $15.1 million during the quarter, compared to $10.1 million in Q2 FY 2013. For H1 FY 2014, net sales were $455.2 million, down 5.0% YoY, and net loss came in at $57.2 million, compared to $0.6 million in H1 FY 2013. "Overall we are pleased with our second quarter performance. Our consolidated gross margin improved 250 basis points reflecting strong sales growth and gross margin expansion in our Snacks segment. These results, however, were weighed down by lower sales and gross margin compression in the Nuts segment due to higher tree nut costs," said Brian Driscoll, President and CEO of Diamond Foods. "While we expect to face further headwinds in the Nuts segment in the second half of fiscal 2014, our team remains focused on the execution of our multi-year turnaround strategy and we are confident that we are taking the right steps to position our business for long-term sustainable growth." The full analyst notes on Diamond Foods, Inc. are available to download free of charge at:
Campbell Soup Co. Analyst Notes
On February 14, 2014, Campbell Soup Company (Campbell) reported its Q2 FY 2014 financial results (period ended January 26, 2014). The Company reported earnings from continuing operations attributable to Campbell of $235 million, or $0.74 per diluted shares, compared with $171 million, or $0.54 per diluted share, in Q2 FY 2013. Denise Morrison, Campbell's President and CEO, said, "We remain focused on strengthening our core business and expanding into higher-growth spaces as we reshape our portfolio to improve Campbell's long-term growth trajectory." During FY 2014, Campbell expects continuing operations to grow sales by 4% to 5% YoY, adjusted EBIT to grow by 4% to 6% and adjusted EPS to range from $2.53 to $2.58 per share. The full analyst notes on Campbell Soup Company are available to download free of charge at:
McCormick & Co. Inc. Analyst Notes
On March 11, 2014, McCormick & Company Inc. (McCormick) reported its schedule for Q1 FY 2014 earnings release and conference call. The Company informed that it will make a presentation of its Q1 FY 2014 financial results to securities analysts live on March 25, 2014, at 8:00 a.m. ET. According to the Company, Alan Wilson, Chairman, President and CEO; Gordon Stetz, Executive Vice President and CFO; and Joyce Brooks, Vice President, Investor Relations, will be hosting the call. The full analyst notes on McCormick & Company Inc. are available to download free of charge at:
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