Consumer Non-Cyclical Sector Review: Consumer Spending to Stay Weak, Coca-Cola Global Productivity
Church & Dwight Co., Inc. (NYSE:CHD): Says “Consumer spending and category growth is expected to remain weak due to high unemployment and consumer uncertainty. Commodity prices are expected to continue to increase in 2012 and competition will remain fierce.”
The shares closed at $47.63, up $2.39, or 5.28%, on the day. Its market capitalization is $6.81 billion.
The Coca-Cola Company (NYSE:KO): The company says “In 2012 we are launching both a new global productivity initiative and an expanded CCR integration effort under one joint Productivity and Reinvestment program representing a combined incremental $550 to $650 million in annualized savings by the end of 2015. The first initiative, a new four-year global productivity program, will target $350 to $400 million in annualized savings by the end of 2015. Second, our CCR integration efforts are now expected to capture total annualized savings of $550 to $600 million, or an incremental $200 to $250 million above our original $350 million estimate. We expect to capture this incremental $200 to $250 million in annualized savings by the end of 2015. We estimate that total costs associated with the capture of all CCR-related synergies will increase from $425 million to about $800 million, as we implement new initiatives to capture our higher annualized savings target.”
The shares closed at $68.55, up $0.52, or 0.76%, on the day. Its market capitalization is $155.69 billion.
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