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June 18, 2014
09:13 EDTMJNMead Johnson confident in growth, citing strong fundamentals in emerging markets
Projects the shift of the company into an emerging markets company as business in Asia and Latin American continue to grow. Brazil also remains a large source of growth with a growing middle class and despite recent difficulties. Mead Johnson said China is shifting towards more premium products. Cites company's strength in supermarket channel and Hong Kong business. The company said there are near term challenges in the United States, but birth rates are stabilizing and there's reason for future optimism. The company adds that its Singapore facility is on track to open this year. Comments taken from Deutsche Bank Global Consumer Conference.
News For MJN From The Last 14 Days
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January 28, 2016
07:35 EDTMJNMead Johnson sees FY16 EPS ex-items $3.48-$3.60, consensus $3.52
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07:34 EDTMJNMead Johnson reports Q4 EPS ex-items 78c, consensus 73c
Reports Q4 revenue $967M, consensus $965.78M. Sales in all segments were adversely impacted by a strengthening dollar, most notably in China, Mexico and Canada. Further, sales in the current quarter were below the prior year quarter mostly due to price-based promotions in Greater China and market share weakness in Malaysia and Thailand. Sales in the Philippines increased compared to the prior year quarter.

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