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Recent Articles
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Dividend Increases/Decreases for the Week of July 4
Jul 4, 2025
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Let's take a look at firms raising/lowering their dividends this week.
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General Mills’ Top Priority Is to Restore Volume-Driven Organic Sales Growth
Jun 28, 2025
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Image: General Mills’ shares have been under pressure as of late.
On June 25, General Mills reported mixed fiscal fourth quarter results with revenue coming up short of forecasts, but non-GAAP earnings per share exceeding the consensus estimate. In the fourth quarter, net sales dropped 3% driven by lower pound volume and unfavorable net price realization and mix, while organic sales were also down 3%, in line with expectations. Adjusted gross margin was down 220 basis points. Adjusted operating profit of $622 million was down 22% in constant currency, while its adjusted operating profit margin fell 330 basis points year-over-year. Adjusted diluted earnings per share came in at $0.74, which was down 27% in constant currency.
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Nike’s Fiscal Fourth Quarter Better Than Feared
Jun 28, 2025
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Image: Nike’s shares have been pummeled of late.
On June 26, Nike reported better than expected fourth quarter fiscal 2025 results with revenue and GAAP earnings per share exceeding the consensus forecasts. Fiscal fourth quarter revenues were $11.1 billion, down 12% on a reported basis and 11% on a currency-neutral basis. Nike Direct revenues were down 14% on a reported and currency-neutral basis in the quarter, while wholesale revenues fell 9% on a reported and currency-neutral basis in the period. Quarterly revenues for Converse fell 26%. Gross margin declined 440 basis points in the fiscal fourth quarter, to 40.3%, while diluted earnings per share fell 86% in the quarter, to $0.14.
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Clorox Misses Consensus Estimates in Its Fiscal Third Quarter
Jun 28, 2025
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Image: Clorox’s shares have been under pressure more recently.
Year-to-date, Clorox’s net cash provided by operations was $687 million compared to $355 million in the year-ago period, representing a 94% increase. For fiscal 2025, Clorox expects net sales to be down 1% to flat and adjusted organic sales to be up about 2%. Gross margin is now expected to be up about 150 basis points, with margin enhancement efforts more than offsetting cost inflation, high trade promotion spending, and higher costs from recently implemented tariffs. Adjusted earnings per share is expected to be between $6.95-$7.35, up 13% and 19%, respectively, and the midpoint slightly higher than consensus. Clorox ended the quarter with $2.5 billion in debt and $226 million in cash. We’re steering clear of Clorox due in part to its weak revenue performance and large net debt position. Shares yield 4.1% at the time of this writing.
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