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News Breaks
February 25, 2013
07:43 EDTMJNMead Johnson says Hong Kong to limit flow of formula products to mainland China
Mead Johnson (MJN) disclosed in a regulatory filing that Hong Kong's government has imposed a regulation designed to limit the flow of formula milk products out of the territory. Effective March 1, to ensure adequate supplies for local infants and young children, the authorities will limit travelers departing Hong Kong to 1.8 kilograms, equivalent to two 32-ounce cans, of formula milk for children up to 36 months of age, according to Mead Johnson. The company said approximately 30% of Mead Johnson sales in the China/Hong Kong market originate in Hong Kong and it is believed that a substantial portion of the products sold in Hong Kong are taken to mainland China by visitors and private resellers. The company said no change is being made to its most recent earnings guidance, at this time. The company added, "It is difficult to quantify the potential net impact, if any, of the restriction on the company’s overall China/Hong Kong business. The Company will carefully monitor retailer orders and consumer purchases across the China/Hong Kong market following the implementation of the new restriction to determine if any reduction in Hong Kong purchases by visitors and resellers may be offset by increased demand in mainland China. The Company will consider actions as necessary to address any changes in market dynamics that may result from the new regulation."
News For MJN From The Last 14 Days
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January 29, 2015
07:34 EDTMJNMead Johnson sees FY15 adjusted EPS $3.90-$4.00, consensus $4.12
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07:33 EDTMJNMead Johnson reports Q4 adjusted EPS 92c, consensus 88c
Reports Q4 revenue $1.09B, consensus $1.1B.
January 28, 2015
15:38 EDTMJNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Celgene (CELG), consensus 99c... ConocoPhillips (COP), consensus 59c... Abbott Laboratories (ABT), consensus 67c... Occidental Petroleum (OXY), consensus 68c... Colgate-Palmolive (CL), consensus 74c... Ford (F), consensus 23c... Dow Chemical (DOW), consensus 69c... Alibaba (BABA), consensus 75c... Thermo Fisher (TMO), consensus $1.94; Time Warner Cable (TWC), consensus $2.09... Phillips 66 (PSX), consensus $1.34... Alexion Pharmaceuticals (ALXN), consensus $1.29... Baxter International (BAX), consensus $1.31... Cardinal Health (CAH), consensus $1.10... Raytheon (RTN), consensus $1.08... Northrop Grumman (NOC), consensus $2.25... Viacom (VIAB), consensus $1.28... Valero Energy (VLO), consensus $1.32... Sherwin-Williams (SHW), consensus $1.38... Hershey (HSY), consensus $1.06... Mead Johnson (MJN), consensus 88c... Zimmer (ZMH), consensus $1.71... Xcel Energy (XEL), consensus 34c... Royal Caribbean (RCL), consensus 42c... Coach (COH), consensus 66c... Kate Spade (KATE), consensus 24c... Harley-Davidson (HOG), consensus 34c... Stanley Black & Decker (SWK), consensus $1.52... L-3 Communications (LLL), consensus $2.27... JetBlue (JBLU), consensus 24c.
07:06 EDTMJNMead Johnson volatility elevated into Q4 and China growth outlook
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