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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.
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November 18, 2014
08:43 EDTMJNMead Johnson sees FY14 adjusted EPS $3.64-$3.72, consensus $3.72
Says excess cash flow and borring capacity provides flexibility to grow through M&A, return cash to shareholders via dividends and buybacks. Says will consider incremental demand-generation investments in 2015 in light of anticipated gross margin improvement. Sees long-term earnings growth at or above the rate of revenue growth. Sees revenue growth within the top quartile of peer group. Sees dividend growth at or above the rate of EPS growth. Comments from slides that will be presented at the Morgan Stanley Global Consumer Conference.
07:30 EDTMJNMorgan Stanley to hold a conference
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