NEW YORK, July 10, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Constellation Brands, Inc. (NYSE: STZ), BRF SA (ADR) (NYSE: BRFS), Campbell Soup Company (NYSE: CPB), McCormick & Company, Inc. (NYSE: MKC) and Molson Coors Brewing Company (NYSE: TAP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Constellation Brands, Inc. Research Report
On July 2, 2013, Constellation Brands, Inc. (Constellation Brands) reported its results for Q1 FY 2014 (period ended May 31, 2013). Net sales increased 6% YoY to $673.4 million. Net income declined 27% YoY to $52.9 million. Commenting on the results, Rob Sands, President and Chief Executive Officer of Constellation Brands, said, "The recent closing of our transformational beer acquisition has been a rewarding way to kick off fiscal 2014. This deal positions Constellation within the top ranks of the U.S. beer industry and significantly increases the size and scope of our company." He added, "We experienced positive top line results for our U.S. wine and spirits business in the first quarter driven primarily by our Focus Brands including double-digit depletion trends for Rex Goliath, Kim Crawford, Nobilo, SIMI and Black Bo." For full-year FY 2014, Constellation Brands expects diluted EPS to be in the range of $2.32 to $2.62 on a reported basis, and $2.60 to $2.90 on a comparable basis. The Full Research Report on Constellation Brands, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/da06_STZ]
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BRF SA (ADR) Research Report
On June 20, 2013, BRF SA (ADR) (BRF) unveiled the new BRF Innovation Center in Jundiaí (SP). BRF stated that the research center, which is worth R$ 58 million, is equipped with modern laboratories, experimental kitchens, and mini-plants for pilot production runs. BRF further explained that the project is part of its objective of doubling investments in research, development, and innovation by 2015. The research center is divided into four areas: breeding and research, application, experimental kitchens, and sensorial analysis laboratories. Further, BRF stated that the new structure will have facilities for conducting tests in the form of specific mini-production lines for evaluation purposes. Nilvo Mittanck, BRF's Vice President for Operations and Technology, said, "We now no longer need to depend on production units for undertaking tests. We shall be able to simulate large-scale production, project costs and test the parameters of processes and quality of the new products." The Full Research Report on BRF SA (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/fec3_BRFS]
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Campbell Soup Company Research Report
On July 1, 2013, Campbell Soup Company (Campbell) appointed Carlos Barroso as its Senior Vice President, Global Research & Development (R&D), effective July 31, 2013. Barroso will report to Campbell's President and Chief Executive Officer Denise Morrison, who said, "Research & Development is an essential ingredient in our recipe for delivering the meaningful, consumer-focused innovation needed to change our company's growth trajectory. Carlos brings extensive R&D food and consumer packaged goods expertise to Campbell at a very important time. His knowledge of emerging markets and open innovation, coupled with his experience in baked snacks and flavor science, makes him an excellent fit for our organization." The Full Research Report on Campbell Soup Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/159d_CPB]
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McCormick & Company, Inc. Research Report
On June 27, 2013, McCormick & Company, Inc. (McCormick) reported its financial results for Q2 FY 2013 (period ended May 31, 2013). Net sales grew 2% YoY to $1.0 billion. Net income was $78.6 million or $0.59 per diluted share, compared to $80.4 or $0.60 per diluted share in Q2 FY 2012. According to the Company, EPS of $0.59 included $0.02 of transaction costs associated with the completion of the WAPC acquisition. Commenting on the results, Alan D. Wilson, Chairman, President and Chief Executive Officer, said, "In the second quarter of 2013, we grew sales for our consumer business 5% in local currency, led by product innovation, brand marketing support and distribution gains. We are getting good returns on our investments to grow this business and we plan to increase our investment in marketing support approximately $15 million in the second half of the year. Our industrial business grew sales to food manufacturers and food service distributors in the second quarter. While we had lower demand from quick service restaurants in North America and China, we expect this situation to improve in the fourth quarter based on our new product pipeline and latest outlook."The Full Research Report on McCormick & Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3bdf_MKC]
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Molson Coors Brewing Company Research Report
On July 3, 2013, Molson Coors Brewing Company (Molson Coors) announced that Vicky Cookson will join the Company as Chief People Officer for Molson Coors Europe, effective September 1, 2013. According to Molson Coors, Cookson, who is the former human resources director of Vodafone, brings a rich human resources background and years of international and cross cultural experience to her new role at Molson Coors Europe, which has over 6,000 employees and operations in the UK, Ireland, Czech Republic, Hungary, Bulgaria, Romania, Croatia, Serbia, Montenegro, Bosnia-Herzegovina and Slovakia. The Full Research Report on Molson Coors Brewing Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/c06c_TAP]
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SOURCE Wall Street Reports