Consumer Goods Sector Announces Earnings Results, Advocacies and Awards - Research Report on P&G, Sony, Church & Dwight, Steven Madden, and Skechers

Mon Aug 12, 2013 8:00am EDT

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Consumer Goods Sector Announces Earnings Results, Advocacies and Awards - Research Report on P&G, Sony, Church & Dwight, Steven Madden, and Skechers

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NEW YORK, August 12, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Procter & Gamble Co. (NYSE: PG), Sony Corporation (NYSE: SNE), Church & Dwight Co. Inc. (NYSE: CHD), Steven Madden, Ltd. (NASDAQ: SHOO), and Skechers USA Inc. (NYSE: SKX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Procter & Gamble Co. Research Report

On August 7, 2013, Procter & Gamble Co. (P&G) announced that the Company and its brand, Gillette, have associated with basketball legend and Hall of Famer Robert "The Chief" Parish to support the Boys & Girls Clubs of Boston during an enthralling day of inspiration, training, and grooming fun. According to the Company, Gillette is proud to have worked with Boys & Girls Clubs of America (BGCA) to update its Passport to Manhood program that promotes and teaches responsibility to Club boys by working together to help build the next generation of great men, as they begin their journey into adulthood. The Full Research Report on Procter & Gamble Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0433_PG]

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Sony Corporation Research Report

On August 6, 2013, Sony Corporation (Sony) sent a letter to Third Point LLC following the unanimous vote by the Company's Board of Directors. The letter summarizes the views of the Board and management that owning 100% of the Company's entertainment businesses is crucial for Sony's success, and that a rights or public offering is not in line with the Company's strategy of achieving sustained growth in profitability and shareholder value. The letter cites a number of reasons to explain the significance of the entertainment business for the Company, such as increase in demand for content in a dynamic industry environment characterized by emerging distribution platforms and the proliferation of both powerful mobile devices and access to broadband and full control of Sony's entertainment businesses drives internal collaboration, facilitates synergies, and allows the Company to be more nimble. The Full Research Report on Sony Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cd56_SNE]

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Church & Dwight Co. Inc. Research Report

On August 2, 2013, Church & Dwight Co. Inc. (Church & Dwight) reported its Q2 2013 financial results. Revenue increased 13.1 % YoY to $787.6 million. Gross margin stood at 44.6% in Q2 2013, compared to 43.5% in Q2 2012. Net income was $86.6 million, or $141.1 per diluted share, compared to net income of $79.3 million, or $142.2 per diluted share, in Q2 2012. Chairman and CEO, Mr. Craigie, commented, "We are pleased with our second quarter business results. The global domestic and international consumer businesses, constituting over 90% of the company's total sales, delivered organic growth of 3.2% driven by increased market share on six of our eight power brands. Demand from the dairy customers of our Specialty Products business was significantly impacted by colder than normal weather, which reduced our consolidated organic sales growth to 1.8%, reflecting 2.7% volume growth and 0.9% unfavorable product mix and pricing." The Company expects full-year 2013 EPS to be $2.79, up 14% YoY. Church & Dwight also informed that Standard & Poor's upgraded the Company's long-term corporate rating from BBB to BBB+. The Full Research Report on Church & Dwight Co. Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/bdeb_CHD]

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Steven Madden, Ltd. Research Report

On August 1, 2013, Steven Madden, Ltd. (Steven Madden) reported its Q2 2013 financial results. Revenue increased 3.1% YoY to $297.6 million during the quarter. Net income attributable to the Company was $29 million, or $0.65 per diluted share, compared to net income of $26.9 million, or $0.61 per diluted share, in Q2 2012. Chairman and CEO, Edward Rosenfeld, commented, "Through careful inventory management, we recorded gross margin increases in both the wholesale and retail businesses. The gross margin improvement, combined with well-controlled expenses, enabled us to deliver a robust year-over-year gain in operating profit margin. We believe these results underscore the power of our brands and our business model, and we remain confident about our long term growth prospects." The Company reiterated its 2013 guidance, with net sales expected to grow between 6% and 8% YoY and diluted EPS to be in the range of $2.95-$3.05. The Full Research Report on Steven Madden, Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5d0e_SHOO]

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Skechers USA Inc. Research Report

On August 7, 2013, Skechers USA Inc. (Skechers) announced that SKECHERS Pier to Pier Friendship Walk has been recognized by two separate entities for its accomplishments over the past four years. The Walk has been awarded by Southbay magazine as "Best Charity Event" in its 2013 Local's Choice Awards, as well as "Best Charity" by the Manhattan Beach Chamber of Commerce in its first annual "Best of Manhattan Beach Awards. The Company stated that the Walk has raised more than $1.9 million to support children with Autism, Down Syndrome and other developmental disorders. It further stated that funds have also provided support for public education systems, helping over 60,000 students. The Company informed that the upcoming fifth annual Skechers Pier to Pier Friendship Walk will be held on October 27, 2013 at the Manhattan Beach Pier. The Full Research Report on Skechers USA Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/95e1_SKX]

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