$PG CEO’s dig at $CHD CEO: Tide Pods is the most concentrated laundry detergent you can buy, even more concentrated than those liquids.
April 22 (Reuters) – Wal-Mart Stores Inc said on
Monday that members of its board’s audit committee were paid
more for the latest year due to extra work they had to take on
to handle an ongoing investigation into alleged foreign bribery.
The world’s largest retailer also said in its annual proxy,
filed with U.S. regulators late on Monday, that three board
members would not stand for re-election at the company’s June 7
annual meeting, and that Chief Executive Mike Duke and some
other executives were paid more as sales and profit grew.
April 19 (Reuters) – Kimberly-Clark Corp posted a
bigger-than-expected jump in first-quarter earnings and raised
its forecast for the year on Friday as the maker of Kleenex
tissues got a boost from a severe flu season and a toilet paper
rival’s supply problems.
Kimberly-Clark, whose shares hit an all-time high of $105.87
on Friday, sold more of its Cottonelle toilet paper in the first
quarter partly because of a supply problem at Georgia Pacific,
which makes Angel Soft and Quilted Northern toilet paper.
April 19 (Reuters) – McDonald’s Corp on Friday threw
cold water on hopes that its restaurant sales would accelerate,
warning that global sales at established restaurants would be
slightly lower in April.
The forecast sent shares of the world’s biggest fast-food
chain down 1.8 percent to $100.10 in morning trading.
$KMB CEO kicks off the earnings call a bit differently — with concern and sympathies for Boston and West, TX.
Retail tech news: MCX says its 1st mobile wallet will be primarily barcode and cloud-based, and will run on a Gemalto platform.
April 11 (Reuters) – Rite Aid Corp posted its second
consecutive quarterly profit on Thursday, as the third-largest
U.S. drugstore chain filled more prescriptions and sold more
generic drugs, which carry higher profit margins.
Its shares shot up more almost 20 percent to $2.14, their
highest since 2009. Rite Aid is up more than 50 percent so far
this year, yet still far below the $51 range from back in 1999
before an accounting scandal was uncovered.