A Look at Hershey’s Earnings Estimates for 1Q18
Posted on Thursday April 19, 2018
Analysts expect Hershey (HSY) to post adjusted earnings per share (or EPS) of $1.41 in 1Q18, which reflects year-over-year (or YoY) improvement of 7.6%. The expected earnings also reflect sequential improvement as Hershey’s EPS fell 12.0% YoY in 4Q17. Hershey’s 4Q17 bottom line took a hit from weak volumes and higher costs, and unfavorable mix provided further pressure.
EU court adviser snubs Nestle KitKat trademark appeal
Posted on Thursday April 19, 2018
A legal adviser to the European Union's top court advised judges on Thursday to reject an appeal by Nestle (NESN.S) in defence of its EU trademark for its KitKat chocolate wafer biscuit. In the latest twist of a decade-long legal battle between the Swiss food giant and its U.S. rival Mondelez (MDLZ.O), Advocate General Melchior Wathelet advised the European Court of Justice to uphold a lower court ruling which found that public recognition across Europe of the shape of the four-fingered bar was not enough to merit the KitKat trademark granted in 2006. Wathelet also called an appeal by Mondelez against a part of the lower General Court's findings to be "manifestly inadmissible" because the U.S. firm's overall complaint against the Nestle trademark had been successful.
Why McCormick’s Earnings Could Mark Double-Digit Growth in 2018
Posted on Wednesday April 18, 2018
McCormick has been generating stellar earnings growth over the past two quarters. The company’s bottom line grew 31.6% YoY (year-over-year) in fiscal 1Q18, while it increased 21.3% in fiscal 4Q17. McCormick’s strong sales and impressive margins have continued to drive its earnings higher. However, higher interest, commodity, and transportation costs remain a drag.
Mondelēz International Opens $90 Million ‘Factory of the Future’ in Bahrain
Posted on Tuesday April 17, 2018
MANAMA, Bahrain, April 17, 2018-- To meet growing consumer demand, Mondelēz International today inaugurated its newest“ Factory of the Future” in the Kingdom of Bahrain. The company invested $90 million ...
