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March 12, 2014
04:55 EDTHAIN, HAIN, MCD, MCD, CST, CST, EAT, EAT, COT, COT, RAI, RAI, WEN, WEN, JAH, JAH, THI, THI, NWL, NWL, YUM, YUM, BNNY, BNNY, BGS, BGSRBC Capital to hold a conference
Consumer & Retail Conference is being held in Boston on March 12-13.
News For HAIN;BNNY;YUM;NWL;THI;JAH;WEN;RAI;COT;EAT;CST;MCD;BGS From The Last 14 Days
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March 27, 2015
09:18 EDTCSTCrossAmerica CEO Topper to retire September 30
CST Brands (CST) and CrossAmerica Partners (CAPL) announced that Joe Topper, the CEO and president of CrossAmerica, has decided to retire as CEO effective September 30. In order to ensure a smooth leadership transition, Topper will resign as president of CrossAmerica effective immediately and Jeremy Bergeron, who served as CST Brands’ SVP of Integration and Development Operations, has been named CrossAmerica’s president. Topper will continue the day-to-day management of CrossAmerica until September 30th. Bergeron will report to Topper until Topper retires as CEO. Topper will also continue to serve on the boards of both CrossAmerica and CST Brands after he formally steps down as CEO. David Hrinak, CrossAmerica’s current EVP and COO, will continue in his role and report directly to Bergeron.
March 26, 2015
17:16 EDTMCDMcDonald's new strategy to create upside, says UBS
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March 25, 2015
10:43 EDTHAINFood makers advance after Kraft, Heinz announce merger
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March 24, 2015
16:31 EDTNWLStamps.com intends to acquire Endicia from Newell Rubbermaid for $215M in cash
Stamps.com (STMP) announced that it has entered into a definitive agreement with Newell Rubbermaid (NWL) for Stamps.com to acquire Endicia, a wholly owned subsidiary of Newell Rubbermaid, for $215M in cash. Based in Palo Alto, California, Endicia is a leading provider of high volume shipping technologies and solutions for use with the U.S. Postal Service and other postal partners. Endicia offers solutions that help businesses run their shipping operations more smoothly and function more successfully. Endicia sells its products under brand names including Endicia, DYMO Stamps and PictureItPostage. Endicia also provides seamless access to USPS and other shipping services through integration with more than 250 partner applications. Endicia had approximately $59M in revenue during fiscal 2014.
14:00 EDTMCDMorgan Stanley says survey results positive for Chipotle, mixed for McDonald's
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11:40 EDTBGSMcCormick hits 52-week high after Q1 results top expectations
Shares of spices, seasonings and condiments maker McCormick & Company (MKC) are advancing after the company's first quarter results surpassed analysts' consensus estimates. WHAT'S NEW: This morning, McCormick reported Q1 adjusted earnings per share of 70c excluding a 15c impact of special charges on revenue of $1.01B, topping analysts' consensus estimates of 64c and $985.12M, respectively. McCormick's Q1 sales rose 2% from the year-ago period and in constant currency, the increase was 6%. Consumer business sales rose 5% in constant currency in Q1 due to increased volume and product mix driven by product innovation, brand marketing support and expanded distribution. Industrial business sales grew 7% in constant currency, with higher volume and product mix, as well as pricing actions. WHAT’S NOTABLE: Looking ahead, the company forecast fiscal year 2015 adjusted EPS of EPS $3.44-$3.51, below its prior view of $3.51-$3.58 given in January and analysts' estimates for FY15 of $3.53. The company continues to expect 4%-6% sales growth in constant currency for FY15. Based on year-to-date results and prevailing exchange rates, currency is now expected to lower this sales growth range by 5 percentage points, which is more than the previous projection of 3 percentage points. In constant currency, adjusted operating income is expected to grow 6%-7% from adjusted operating income of $608M in 2014. McCormick also raised its anticipated special charges for the year to $30M from $20M due to a higher response rate to its voluntary retirement program and additional actions in EMEA. McCormick is also targeting cost reductions of at least $85M in FY15, which are expected to help offset higher material costs. The company sees its Comprehensive Continuous Improvement program delivering at least $65M in 2015, and sees savings from reorganization actions of $20M. Chairman and Chief Executive Officer Alan Wilson commented that Q1 operating income was unfavorably impacted by several factors including special charges, unfavorable currency rates and higher material costs. Wilson said the company anticipates that these headwinds will continue in 2015, but expect the benefit of pricing actions and cost reduction efforts to build in the upcoming quarters. PRICE ACTION: In late morning trading, McCormick rose $2.90 or 3.96% to $76.10 on more than twice its average daily trading volume. The stock hit a fresh 52-week high of $77.79 earlier in the session. Including today's advance, the shares have gained nearly 13% over the past 12 months. OTHERS TO WATCH: Other companies in the food space include TreeHouse Foods (THS), down 0.8%, B&G Foods (BGS), up 1.2%, and Pinnacle Foods (PF), up 0.1%.
11:11 EDTHAINWhiteWave hits 52-week high following upbeat analyst notes
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05:49 EDTYUMStocks with implied volatility movement; LL YUM
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March 23, 2015
15:53 EDTRAICapitol Forum: FTC timing agreement for Lorillard deal extended, Bloomberg says
Capitol Forum reported earlier, citing a person familiar with the matter, that the FTC timing agreement for the review of Reynolds American's (RAI) proposed acquisition of Lorillard (LO) has been extended by one week to March 31.
12:52 EDTMCDMcDonald's calls active on investor letter
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10:37 EDTYUMYum! Brands March weekly calls active amid renewed spin-off speculation
Yum! Brands March weekly 79 and 80 calls are active on total call volume of 10,500 contracts (500 puts) amid renewed spin-off speculation. March weekly call option implied volatility is at 30, April is at 23, May is at 26; compared to its 26-week average of 22 according to Track Data. Active call volume suggests traders taking large positions for upside price movement.
10:19 EDTYUMRumor: Yum! Brands up amid renewed spin-off speculation
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10:12 EDTMCDGlenview said McDonald's could unlock $20B in value with REIT, Bloomberg reports
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06:59 EDTRAIBig Tobacco accused of trying to dampen e-cigarette sales, Reuters says
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March 22, 2015
14:59 EDTHAINPinnacle Foods enters bidding for meatless food company Quorn, Telegraph says
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March 20, 2015
16:00 EDTMCDOptions Update; March 20, 2015
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10:07 EDTNWLHigh option volume stocks
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07:05 EDTNWLGraco to pay $3M fine for delayed reporting, to invest $7M in child safety
Graco Children's Products, a subsidiary of Newell Rubbermaid, has reached an agreement with the National Highway Traffic Safety Administration in connection with the company's reporting of consumer complaints about difficulty opening car seat buckles. As part of the agreement, the company agrees to pay a $3M fine and invest $7M in child passenger safety programs and education.
March 17, 2015
06:46 EDTMCDMcDonald's burn complaints to focus on corporate reponsibility, WSJ says
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06:06 EDTMCDMcDonald's employees file complaints of burns, injuries, LA Times says
McDonald's employees have filed complaints against 28 McDonald's locations -- including nine owned by the corporation itself -- alleging they received burns on the job, reports the LA Times, citing statements by union-backed group Fast Food Forward. The complaints were lodged with the Occupational Safety and Health Administration and claim that greasy floors, lack of staff, and an extremely fast-paced environment elevate the risk of injury in McDonald's restaurants. Reference Link
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