John's Feed
Aug 5, 2011

Telus profit rises on smartphones, wireless growth

TORONTO, Aug 5 (Reuters) – Telus Corp’s (T.TO: Quote, Profile, Research, Stock Buzz) quarterly
net profit rose 7 percent on gains at its wireless and Internet
television segments, outshining its larger rivals and prompting
the company to raise its revenue forecast for the year.

The Canadian telecoms company, whose shares dropped on
Friday along with the broader market, said the rapid adoption
of smartphones such as Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone boosted data
revenue and fueled subscriber growth.

Aug 4, 2011

Generic threat to Valeant drug sends shares reeling

TORONTO, Aug 4 (Reuters) – Valeant Pharmaceuticals
International Inc (VRX.TO: Quote, Profile, Research, Stock Buzz)(VRX.N: Quote, Profile, Research, Stock Buzz) said new generic rivals cut
into sales for one of its top drugs, overshadowing a sharp rise
in quarterly earnings and sending its shares down 15 percent.

Sales of Wellbutrin XL, an antidepressant that accounted
for about 7 percent of revenue in the second quarter, would
likely keep falling, Valeant said.

Jul 21, 2011

Loblaw profit rises, cautions on competition

TORONTO, July 21 (Reuters) – Loblaw Cos Ltd (L.TO: Quote, Profile, Research, Stock Buzz),
Canada’s No. 1 grocery chain, posted a higher quarterly profit
on Thursday but warned that its sales position is at risk due
to “unpredictable and competitively intense market
conditions”.

Competition in the C$100 billion-plus Canadian grocery
sector has heated up greatly in the last three quarters, with
Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) expanding its food-stocked
supercenters.

Jul 15, 2011

Valeant aims to become top player in skincare

TORONTO, July 15 (Reuters) – Valeant Pharmaceuticals
International Inc (VRX.TO: Quote, Profile, Research, Stock Buzz) (VRX.N: Quote, Profile, Research, Stock Buzz) wants to become the world’s
biggest player in the skincare sector in about five years, its
top executive told Reuters on Friday.

The company has been signaling its intent with a string of
recent mid-sized acquisitions in the highly fragmented but
lucrative dermatology sector.

Jun 28, 2011

Canadian Tire pushes into big appliance market

TORONTO, June 28 (Reuters) – Canadian Tire Corp (CTC.TO: Quote, Profile, Research, Stock Buzz)
(CTCa.TO: Quote, Profile, Research, Stock Buzz) is pushing into the C$3 billion ($3 billion) a yearlarge-appliance market to sustain sales growth as competition
in Canada’s retail industry heats up.

The retailer — which already sells small appliances as
well as automotive products, electronics, sports gear and other
hard goods — hopes its customer base will now linger at its
ubiquitous stores a little longer to make pricier purchases.

Jun 27, 2011

Lululemon eyes $1 billion in revenue

TORONTO/NEW YORK (Reuters) – Lululemon Athletica Inc (LLL.TO: Quote, Profile, Research, Stock Buzz) (LULU.O: Quote, Profile, Research, Stock Buzz) is not feeling threatened by new premium yoga lines from big-name sportswear manufacturers such as Nike (NKE.N: Quote, Profile, Research, Stock Buzz) and Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz), despite worries that competition might cut into its phenomenal growth curve.

The Vancouver-based yogawear retailer expects to hit $1 billion in revenue during fiscal 2012, as productivity at its U.S. stores, once a cause for concern among investors, climbs closer to that seen in its highly profitable Canadian outlets.

May 24, 2011

Harry Winston plans rapid China growth

TORONTO/NEW YORK (Reuters) – Harry Winston Inc, the luxury jewelry and watch retailer, is looking to more than double its store count in five years by tapping lucrative markets such as China, Russia and Dubai, its top executive said on Tuesday.

Its aggressive expansion plans will boost sales growth and take its store total to 50, from 19 currently, Chief Executive Frederic de Narp said.

May 16, 2011

Buffalo Wild Wings begins Canada push

TORONTO (Reuters) – Buffalo Wild Wings Inc (BWLD.O: Quote, Profile, Research, Stock Buzz) expects to generate annual sales of $150 million in Canada in five years as it makes its first foray outside the United States, its top executive said on Monday.

The U.S. sports bar chain, known for its namesake spicy Buffalo-style chicken wings, is at the start of an international expansion drive in which it also plans to set up shop in Britain and the Middle East, Chief Executive Sally Smith told Reuters in an interview.

May 13, 2011

Tim Hortons sees U.S. as prime growth opportunity

TORONTO (Reuters) – Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz) (THI.N: Quote, Profile, Research, Stock Buzz) isn’t content to be Canada’s largest restaurant chain, not when the biggest consumer market in the world lies at its doorstep.

Even though Canada’s coffee-and-donuts king has stumbled in the past in trying to replicate its success in the United States, it sees its latest marketing drive south of the border leading to strong sales momentum.

May 12, 2011

Tim Hortons sales growth slows, shares drop

TORONTO, May 12 (Reuters) – Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz)
(THI.N: Quote, Profile, Research, Stock Buzz) reported a higher quarterly profit on Thursday but
missed market estimates as sales in Canada were hurt by
investments in promotions and unfavorable weather.

The stock, up about 17 percent in the last three months
ahead of Thursday’s report, fell 5 percent.