New book by Larry Connors Click here Improve your trading - See how
Although some food and drink companies have posted positive results this quarter, in general earnings have suffered. Canada's largest dairy processing company Saputo announced this quarter that, in the nine months to December 31 2008, its earnings fell to CAD57.8mn (US$47.1mn). Canadian soft drinks manufacturer, Cott Corp, and Canadian based brewer, Molson Coors, have also reported a drop in earnings, with the former announcing a loss of CAD152.8mn (US$124mn) for FY08 and the latter a drop in earnings of 22% to CAD416.4mn (US$338mn) for the same period. In addition to the general economic conditions, it is thought that Cott Corp's poor performance is likely to stem from a problem with its strategy and therefore the company needs to refocus its efforts on producing private label soft drinks. In light of the economic downturn, there is likely to be an increased demand for such products thus providing an opportunity for Cott Corp to reverse its fortunes.
Moving to the mass grocery retail sector, the situation is slightly different with many retailers posting positive financial results. Canada's leading supermarket chain Empire announced that during Q308 net earnings increased 26.5% to CAD61.5mn (US$47.6mn), whilst Canadian retailer Metro Inc reported an increase in net earnings of 9.9% year-on-year (y-o-y) to CAD81.1mn (US$65.9mn) for Q109. As the economic situation worsens, consumers are becoming more price conscious and therefore eating out less, as such retailers are picking up the slack and benefiting from the increase in sales this brings them. However, retailers appear to be mindful of the pressures consumers are facing and Wal-Mart, Loblaw, and Metro have all announced various forms of price promotions this quarter to continue to attract customers.
With Canada's GDP expected to rebound in 2010 to 2.9% the long-term outlook offers some positivity even if the short-term appears quite bleak.
http://www.bharatbook.com/Market-Research-Reports/Food-Drink-Report-Canada.html
CONTACT: Raju, Marketing Manager, Bharat Book Bureau Tel: +91 22 27578668 Fax: +91 22 27579131 e-mail: info@bharatbook.com WWW: http://www.bharatbook.com
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
