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Tyson Foods, Inc. 06-14 16:55 GMT
(Comment)
Tyson is set to introduce a plant-based protein product to compete with Beyond Meat. Tyson...
Corporate Development by Dave Novosel, CFA
Tyson is set to introduce a plant-based protein product to compete with Beyond Meat. Tyson was an investor in Beyond Meat, but sold its stake prior to the IPO because it did not want to be financially committed to a competitor. The new product will taste like chicken and blended burgers, but will be healthier. The chicken nuggets will be launched in late summer, with the burgers to follow in the fall. The new offerings won't move the needle much in terms of revenue or operating income, but they are indicative of the company's efforts to move away from commodity meat products. Not only have these initiatives led to better growth, but the margins are significantly better. The acquisitions have pushed leverage higher, but Tyson has proven quite adept at paying down debt quickly with its substantial free cash flow.
Revlon 06-14 03:12 GMT  
(Report with Analyst's Data Sheet) 
Revlon (REV) financial results have been improving, but the company is still far from an operating level that will permit easy refinancing of near term maturities.
Better Looking  by Kim Noland
Hewlett Packard Enterprise 06-14 02:46 GMT  
(Report with Analyst's Data Sheet) 
The pace of revenue growth at Hewlett-Packard Enterprise (HPE) declined throughout most of fiscal 2018. Then growth turned negative in...
Cray Along The Way by Dave Novosel, CFA
United Company RUSAL Plc 06-14 02:10 GMT  
(Report with Analyst's Data Sheet) 
In the wake of the removal of U.S. sanctions on United Company RUSAL Plc (RUALRU, Rusal) in January 2019, the company reported some mixed...
Low Aluminum Prices Do Not Help by Alexandre Dray
J.C. Penney 06-13 16:20 GMT
(Comment)
On its fiscal 2019 first quarter earnings conference call, J. C. Penney's (JCP) CEO recapped the...
Earnings by Evan Mann, CFA
On its fiscal 2019 first quarter earnings conference call, J. C. Penney's (JCP) CEO recapped the progress made since taking over the helm in October. Although short on specifics, the department store retailer reaffirmed its fiscal 2019 guidance for positive free cash flow, gross margin improvement, and maintaining adequate liquidity, but pointed out that if the fourth tranche of Chinese import tariffs were put in place it would have an adverse margin impact. Sales (excluding credit card income) for the fiscal first quarter ended May 4 were down 5.6% to $2.4 billion on a 5.5% decline in comparable store sales, the adjusted EBITDA margin contracted 280 basis points, and adjusted EBITDA dropped 51% to $74 million. For the LTM, leverage and rent adjusted leverage were both about 8x. We will update our projections as well as review our rating and recommendation shortly.
Nemak SAB de CV 06-13 03:43 GMT  
(Report with Analyst's Data Sheet) 
The relationship between Mexico and the United States is becoming complex to evaluate. The surprise announcement by the Trump administration of a...
Beyond Tariffs  by Cedric Rimaud, CFA
Discover Financial Services 06-13 03:34 GMT  
(Report with Analyst's Data Sheet) 
On an industry-wide basis, losses on credit card debt have been creeping up in recent months, yet writeoffs remain low compared to the...
Credit Watch by Kathleen Shanley, CFA
Denbury Resources 06-13 03:03 GMT  
(Report with Analyst's Data Sheet) 
When we last looked at Denbury Resources (DNR), the company was preparing for its pending $1.7 billion transformative acquisition of Houston-based Penn...
Debt Exchange by Evan Mann, CFA
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