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Bernstein rates General Mills as underperform with US$53 target, noting its strong fiscal Q4 and full-year results but warns of escalating inflation, potential slowdown in consumer spending, other unexpected pressures​ that could crop up in year ahead
Published: June 30, 2022 by FoodNavigator-USA.com
Walgreens Boots Alliance's fiscal Q3 net earnings attributable to company fall 73.8% to US$289M from US$1.20B last year; sales fall 4.2% to US$32.60B from US$34.03B, as US segment sales fall 7.1%, driven by decline in the AllianceRx Walgreens business
Published: June 30, 2022 by Walgreens Boots Alliance Inc.
Bed Bath & Beyond's fiscal Q1 net loss widens to US$358M from US$51M last year amid inflation, fluctuations in customer purchasing patterns; net sales fall 25% to US$1.46B from US$1.95B, with comp sales falling 24% in Stores, 21% in Digital
Published: June 30, 2022 by Bed Bath & Beyond Inc.
H&M's Q2 gross profit rises to 29.85B SEK from 25.05B SEK last year, as net sales rise 17% to 54.50B SEK from 46.51B SEK; company seeks Latin America expansion, expects sales to fall 6% in June, driven 5% by paused sales in Russia, Belarus, Ukraine
Published: June 30, 2022 by Hennes & Mauritz AB (H&M)
UBS: Mexico seems poised to benefit from nearshoring by US, but data doesn't reflect advantage, and it's possible Mexico may not benefit in the future; manufacturing import earnings from Mexico to US grew 0.1% from 2018, versus 1% rise in Taiwan, Vietnam
Published: June 30, 2022 by CE NAFTA 2.0 Newswire

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