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Consumer
Top e-commerce stocks to consider as online sales boom
July 29, 2021 08:30 AM AEST| By Team Kalkine MediaThe e-commerce businesses have witnessed massive growth since the coronavirus outbreak last year. E-commerce sales scaled new records highs as more people chose to shop online. There are a lot of established e-commerce companies in the market while m...
Trending restaurant stocks: McDonald’s (MCD), Starbucks (SBUX)
July 29, 2021 01:38 AM AEST| By Kiran MuraliSummary Both the restaurant stocks dropped when markets opened for Wednesday’s trading. McDonald’s reported global comparable sales growth of 40.5 percent in the second quarter. Starbucks’ global comparable-store sales rose 7.....
With the wedding season in full gear, here’re five stocks to explore
July 27, 2021 08:42 AM AEST| By Team Kalkine MediaWeddings always have been an extravagant affair. Now with the wedding season in full gear, beauty stocks are once again in focus. What's driving the trends is the overwhelming desire for picturesque weddings and ceremonies and posting photos on soc.....
Boston Beer overestimates demand for Truly brand, stock plunges
July 24, 2021 05:07 AM AEST| By Kiran MuraliSummary The company said it overestimated the growth of the hard seltzer category. Higher operating expense and lower gross margins pulled down Q2 profit. Boston Beer reduced its full-year 2021 forecast for adjusted earnings. The Boston B.....
Crocs, Whirlpool report strong Q2 earnings as retail sector reopens
July 23, 2021 08:21 AM AEST| By Team Kalkine MediaSummary Consumer products are in demand as the retail sector reopens. Crocs, Inc. (NASDAQ: CROX) sold 29.1 million pairs of shoes worldwide in Q2. Its net income jumped 464% year-over-year. Whirlpool Corporation’s (NYSE: WHR) revenu.....
Philip Morris (PM) misses Q2 estimates, cuts full-year outlook
July 21, 2021 04:19 AM AEST| By Kiran MuraliSummary The New York-based cigarette maker’s stock declined 3 percent on Tuesday morning. Philip Morris’s second quarter reported diluted EPS rose 11.2% but was below its expectation. Full-year reported diluted EPS is now projected.....
Why are these food delivery stocks on investors’ radar?
July 16, 2021 04:54 AM AEST| By Team Kalkine MediaSummary DoorDash Inc (NYSE: DASH) reported total revenue of US$1 billion in Q1, 2021. Uber Eats of Uber Technologies, Inc. (NYSE: UBER) reported a 230% sales growth in Q1. Just Eat Takeaway.com (Nasdaq: GRUB) reported total revenue of US$2 bil.....
Why Oatly Group (OTLY) stock hit all-time low on Wednesday?
July 15, 2021 05:57 AM AEST| By Kiran MuraliSummary The plant-based Swedish food company saw its stock decline to an all-time of US$19.62. Short seller Spruce Point questioned Oatly’s accounting and sustainability practices. Oatly’s stock traded in the range of US$19.62 to U.....
PepsiCo (PEP) stock gains, Conagra (CAG) declines on forecast update
July 14, 2021 04:04 AM AEST| By Kiran MuraliSummary PepsiCo expects 6% organic revenue growth and 11% EPS growth in fiscal 2021. Conagra expects the impact of increased inflation in the first half of fiscal 2022. PepsiCo stock is up around 3% year to date, while Conagra Brands stock is .....
Top plant-based food stocks to watch in July
July 01, 2021 08:31 AM AEST| By Team Kalkine MediaSummary Beyond Meat Inc. (Nasdaq: BYND) stock price surged 26.35 percent YTD. Tattooed Chef (Nasdaq: TTCF) reported revenue of US$58.7 million in Q1, 2021, up 59% YoY. Ingredion Incorporated (NYSE: INGR) stock price rose 14.27% YTD and 8.57% Y.....
Bed Bath & Beyond stock (BBBY) rallies on upbeat outlook
July 01, 2021 05:20 AM AEST| By Kiran MuraliSummary Bed Bath & Beyond stock returned 81 percent year to date. Fiscal 2021 net sales are projected in the range of US$8.2 billion to US$8.4 billion. Bed Bath & Beyond reported a 49 percent growth in its first-quarter net sales. .....
NIKE (NKE) hits 52-week high on Q4’21 profit, FY’22 outlook
June 26, 2021 03:44 AM AEST| By Kiran MuraliSummary NIKE reported a net income of US$1.51 billion, compared to the loss of US$790 million, Net income more than doubled to US$5.73 billion during the full fiscal year 2021. NIKE projects fiscal 2022 revenue to grow in low double digits and.....
Penn National (PENN) stock up on US$400 mn unsecured notes offering
June 25, 2021 04:25 AM AEST| By Team Kalkine MediaSummary Penn National to offer US$400 million senior unsecured notes in private bidding. The company expects increased revenue in the current quarter ending on June 30. The PENN stock gained 130% in the past year. The stock of Penn Nation.....
Top 10 consumer staple stocks to watch as inflation rises
June 15, 2021 10:00 AM AEST| By Kiran MuraliConsumer companies face several headwinds, such as increased raw materials and shipping costs and supply chain delays. Several consumer staple companies have already warned about inflationary pressure, while some have announced plans to increase the...
E-commerce Stocks To Watch This Year
June 09, 2021 06:36 AM AEST| By Team Kalkine MediaSummary E-commerce companies allow people to buy or sell goods online. Etsy Inc, an online platform for art and craft items, reported US$550.6 million consolidated revenue in Q1, 2021. eBay, a global e-commerce leader, recorded US$3 billion in.....
Trending Retail Stocks: Bed Bath & Beyond, Etsy
June 03, 2021 09:23 AM AEST| By Team Kalkine MediaSummary Bed Bath & Beyond to launch three new brands as it revamps its product assortment. Etsy to buy British fashion resale marketplace Depop for US$1.63 billion. Bed Bath & Beyond Inc. (NASDAQ: BBBY) and Etsy, Inc. (NASDAQ: ETSY.....
2 Active Stocks On NYSE: AMC Entertainment, GameStop
June 02, 2021 04:37 AM AEST| By Kiran MuraliAMC Entertainment Holdings, Inc. (NYSE: AMC) and GameStop Corporation (NYSE:GME) are among the active stocks on the New York Stock Exchange. Both the meme stocks recorded massive gains this year amid a rally fueled by Reddit’s Wall Street Bet.....
Doughnut Chain Krispy Kreme Files Confidential IPO With SEC
June 02, 2021 02:32 AM AEST| By Team Kalkine MediaAmerican doughnut chain Krispy Kreme had filed for an initial public offering (IPO) confidentially with the Securities and Exchange Commission (SEC) last month, according to the paperwork made accessible now. Although the company is yet to decide .....
3 Hospitality Stocks To Explore As Travel Activities Resume
May 28, 2021 12:34 PM AEST| By Kiran MuraliSummary MGM Resorts’ revenue from China grew 9 percent in the first quarter. Caesars Entertainment CEO sees strong demand for entertainment. Travel restrictions in Macao, Singapore, impact Las Vegas Sands performance. The hospitalit.....
5 Food Stocks To Explore As COVID-19 Restrictions Ease
May 28, 2021 03:51 AM AEST| By Kiran MuraliSummary McDonald’s and Yum! Brands saw their sales recover to pre-pandemic levels. Starbucks expects its global comparable sales to grow up to 23 percent in fiscal 2021. Beyond Meat and Tattooed Chef saw strong growth in Q1 sales. S.....
