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Trian issues letter to Procter & Gamble shareholders addressing key questions

Monday, 18 Sep 2017 06:00am EDT

Sept 18 (Reuters) - Procter & Gamble Co ::Trian issues letter to fellow Procter & Gamble shareholders addressing key shareholder questions.Trian says ‍urges fellow shareholders to put a shareholder on p&g board by voting "for" Nelson Peltz on white proxy card ​.Trian Fund Management says Trian is not suggesting P&G move out of Cincinnati​.Trian Fund Management says Trian is not seeking to cut costs beyond P&G's current $12 billion - $13 billion plan​.

Trian Partners Nelson Peltz on CNBC says P&G needs to figure out how to regain market share

Friday, 8 Sep 2017 10:03am EDT

Sept 8 (Reuters) - :Trian Partners Nelson Peltz on CNBC says P&G needs to figure out how to regain market share.Trian Partners Nelson Peltz on CNBC says P&G has too many global business units.Trian Partners Nelson Peltz on CNBC says P&G needs to streamline management.Trian Partners Nelson Peltz on CNBC says not suggesting P&G breakup.Trian Partners Nelson Peltz on CNBC says wants Procter & Gamble to remove cost center of distribution.

Best World International ‍clarifies media article

Friday, 8 Sep 2017 04:34am EDT

Sept 8 (Reuters) - Best World International Ltd ::‍Refers to Business Times article titled "Best World won't be affected by China crackdown: COO"​.Achieved profit attributable of S$21.7 million for 1H2017.News article stated "company is on track to hit analyst targets of S$41 million to S$44 million of net profit for 2017".Company confirms on track to meet analyst targets.

Unilever exec gives update on savings, efficiencies

Wednesday, 6 Sep 2017 09:44am EDT

Sept 6 (Reuters) - Unilever Plc :Unilever exec says innovation team has reduced number of global projects by 10 percent this year, but increased size of projects by 20 percent.Unilever exec says interested in acquiring brands that have sales of tens or hundreds of millions of euros.Unilever exec says aiming for binding deal for spreads business by end 2017/early 2018.Unilever exec says if can't get full value from selling whole business, will consider demerger.Unilever exec says also to consider selling parts of spreads business.Unilever exec says distrust in big brands is spreading to emerging markets.Unilever exec says expanding hellmanns brand into ketchup, bbq sauce, hot sauce, mustard.Unilever exec says ecommerce accounts for close to 3 percent of group turnover, up 40 percent in h1'17.Unilever exec says on track to begin integrating food/refreshment in jan 2018, as stated in april.

Coty Inc Q4 adjusted earnings per share $0.00

Tuesday, 22 Aug 2017 06:30am EDT

Aug 22 (Reuters) - Coty Inc ::Coty Inc reports fiscal 2017 fourth quarter and full year results.Coty Inc - qtrly loss per share reported $0.41.Q4 adjusted earnings per share $0.00.Qtrly ‍net revenues of $2,241.3 million increased 100% as reported compared to legacy- Coty net revenues in prior-year period​.Q4 earnings per share view $0.09, revenue view $2.16 billion -- Thomson Reuters I/B/E/S.Q4 net revenues, including p&g brands, rose 5 percent at constant currency compared to prior year.Coty -in Q4, excluding contribution from acquisitions of ghd and Younique, combined co organic net revenues declined 3% in constant currency."Consumer beauty division remains under pressure and its recovery is a key priority for us"."Regarding P&G beauty business, our integration efforts are proceeding well and we remain on track with synergy delivery".

Estée Lauder Companies Q4 sales $2.89 billion

Friday, 18 Aug 2017 06:45am EDT

Aug 18 (Reuters) - Estee Lauder Companies Inc :The Estée Lauder Companies delivers strong fiscal year 2017 results.Q4 sales $2.89 billion versus I/B/E/S view $2.85 billion.Sees Q1 2018 earnings per share $0.94 to $0.97 excluding items.Sees FY 2018 earnings per share $3.87 to $3.94 excluding items.Sees FY 2018 earnings per share $3.60 to $3.70.Sees Q1 2018 earnings per share $0.85 to $0.89.Sees Q1 2018 sales up 9 to 10 percent.For quarter, negative impact of foreign currency translation on diluted net earnings per common share was $.01.During fiscal 2017 Q4, company recorded restructuring and other charges of $78 million ($55 million after tax), equal to $.15 per diluted share​.Expects to take charges associated with previously approved restructuring activities in fiscal 2018 of about $135 million-$155 million.Says "‍in 2018 fiscal year, we expect to see initial net benefits from our leading beauty forward initiative​".Expects to take charges associated with previously approved restructuring, other activities in fiscal 2018 Q1 of about $45 million to $50 million​.Sees positively impact of foreign currency translation on sales by about 1% versus prior-year period in fiscal 2018.Fy2018 earnings per share view $3.79, revenue view $12.60 billion -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.91, revenue view $3.09 billion -- Thomson Reuters I/B/E/S.Qtrly diluted earnings per share $0.61‍​.

Best World International clarifies on news article published by Bloomberg

Tuesday, 15 Aug 2017 05:13am EDT

Aug 15 (Reuters) - Best World International Ltd :Refers to news article published by Bloomberg on 15 August 2017.Although co hold a direct selling licence, it has not converted business in china to direct selling yet.SAIC statement has little or no impact to China business..All current preparations for conversion to direct selling are in line with above SAIC statement.Article reported on market concerns of a crackdown by regulators on market practices of certain direct selling companies.Is fully compliant with rules and regulations of business operations under china's laws..

Edgewell Personal Care Q3 adjusted earnings per share $1.11

Tuesday, 8 Aug 2017 06:00am EDT

Aug 8 (Reuters) - Edgewell Personal Care Co :Edgewell Personal Care announces third quarter fiscal 2017 results and updates fiscal year 2017 financial outlook.Q3 adjusted earnings per share $1.11.Q3 gaap earnings per share $0.95.Q3 sales $637.5 million versus i/b/e/s view $648.1 million.Q3 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.Sees fy 2017 adjusted earnings per share $3.90 to $4.05.Sees fy 2017 gaap earnings per share $3.55 to $3.70.Fy2017 earnings per share view $3.84 -- Thomson Reuters I/B/E/S.Edgewell Personal Care Co - for fiscal 2017, reported net sales are now expected to be down approximately 1% to 2%.Fy2017 revenue view $2.34 billion -- Thomson Reuters I/B/E/S.Edgewell Personal Care Co - company anticipates that fiscal 2017 free cash flow will be approximately 100% of gaap net earnings.Edgewell Personal Care Co - full-year estimate for restructuring related costs is now $28 to $30 million.Edgewell Personal Care - zero based spending initiative is anticipated to drive $10 to $15 million in savings in fiscal 2017, with $25 to $30 million in 2018.

Beiersdorf H1 Group EBIT up at EUR 561 mln

Thursday, 3 Aug 2017 02:33am EDT

Aug 3 (Reuters) - BEIERSDORF AG ::H1 ORGANIC GROUP SALES INCREASE BY 3.3%.IN NOMINAL TERMS, H1 SALES WERE UP 4.6%, FROM €3.358 BILLION TO €3.513 BILLION.H1 GROUP EBIT IMPROVED BY 9.3% FROM €513 MILLION IN THE PREVIOUS YEAR TO €561 MILLION.H1 EBIT MARGIN INCREASED FROM 15.3% TO 16.0%‍​.GUIDANCE FOR SALES AND EARNINGS FOR THE FULL YEAR 2017 IS CONFIRMED.CONSUMER BUSINESS SEGMENT LIFTED ORGANIC SALES BY 2.3% IN THE FIRST SIX MONTHS OF THE YEAR.H1 TESA BUSINESS SEGMENT SALES ROSE BY 9.0% TO €610 MILLION (PREVIOUS YEAR: €560 MILLION).‍​.H1 TESA BUSINESS EBIT ROSE BY 23.1%, FROM €89 MILLION IN PREVIOUS YEAR TO €110 MILLION. THE EBIT MARGIN IMPROVED FROM 16.0% TO 18.1%.‍​.ACHIEVED STRONG, ABOVE-MARKET GROWTH DESPITE AN ATTACK ON THE COMPANY’S IT AT THE END OF JUNE.ATTACK LED TO A SHIFT OF SALES FROM THE SECOND TO THE THIRD QUARTER.WITHOUT THIS SHIFT, ORGANIC SALES GROWTH FOR THE GROUP FOR THE FIRST HALF-YEAR 2017 WOULD HAVE BEEN 4.4% INSTEAD OF THE REPORTED 3.3%.

Marico aims at volume growth of 8-10 pct in medium term

Tuesday, 1 Aug 2017 04:30am EDT

Aug 1 (Reuters) - Marico Ltd :Says for Q1FY18, India business witnessed volume decline of 9% on the backdrop of destocking by trade in june due to GST transition..Volume decline is attributable to steep pipeline correction across channels leading to a decline in the stock turnover ratios (strs) in trade.Says estimated capital expenditure in each of the years FY18 and FY19 is likely to be around INR 1 billion–1.25 billion rupees.Says will aim at a volume growth of 8-10% and a topline growth of about 12-15% (depending on inflation) in the medium term..Overall operating margin is expected to be maintained in a band of 17-18% over the medium term.

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