Category Archive for "Consumer"

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KMB and PG – Better Than Feared and Better Than the Rest

Both KMB and PG reported earnings this morning and both stocks are enjoying significant, positive reactions on both a relative and absolute basis. The strength of the reactions likely is rooted in several factors that extend beyond the quality of

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MCD and SBUX – Opposite Ends of the Growth Spectrum

Both MCD and SBUX printed EPS results yesterday and, expectations aside, the two prints stand in stark contrast to each other. MCD beat consensus EPS by $0.01, but came in light of consensus revenue, with year over year growth of

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Retail Sales in a Single Table

With December retail sales in the rear view mirror (+0.23% sequentially, ahead of expectations and +4.2% year over year, still below the ’13 average), we can take a look at how the year finished up by category. While there were

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BEAM Going Away

Earlier this morning, Suntory and BEAM announced that BEAM would be acquired by Suntory in an all cash transaction. BEAM shareholders will receive $83.50 in cash (versus a closing price of $66.97 on Friday) The transaction values BEAM at nearly

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EPA and Ethanol in ‘14

On Friday, the Environmental Protection Agency (EPA) released its 2014 renewable fuel standard proposal that attempts to ensure “the continued growth of renewable fuels while recognizing the practical limits on ethanol blending, call the ethanol ‘blend wall’”.  The total renewable

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More from the EPA on the Ethanol Mandate

There were a number of articles yesterday suggesting that U.S. Environmental Protection Agency (EPA) is considering dialing back its requirements on the use of ethanol in 2014.  This news should not come as a surprise to anyone given the EPA’s

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September Spending Woes

We tend not to get bent out of shape (or comment on) the kabuki theater that is Washington politics these days unless it starts to impact the consumer (i.e.  Food Stamps, sequestration cuts, etc.).  In the case of the current

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August Home Prices +12.4%

The most recent CoreLogic home price data (August) remains very constructive – +12.4% year over year and +0.9% sequentially when compared to July.  This marks the 7th consecutive month of double digit increases and the 18th consecutive month of positive

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We’ve Talked Houses, How About Households?

The Census Bureau defines household very simply – “all the people who occupy a housing unit.”  To many people, household is synonymous with “family”, but that isn’t necessarily the case – the Census Bureau tracks both family and non-family households. 

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MOS Trims Expectations as Near Term Weakness Abounds

This morning, in conjunction with a sell-side conference, MOS updated its outlook for the balance of ’13, taking the opportunity to overlay what are clearly very weak industry fundamentals (both potash and phosphates) near-term with a re-affirmation of the company’s

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