Want to join the conversation?
$SJM said its coffee business far exceeded expectations for 2016. Net sales were up 8% and segment profit increased 18% to $646MM, representing a full recovery of the segment profit decline in 2015. The company added that tonnage for its mainstream brands was up 3%, while units shipped were up even more given the canister downsize early in FY16.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?