Green Mountain Partners With Lavazza, Monster Pops On Hint of Sale: Consumer Business Recap
Adidas (ADDYY.PK) might be feeling the impacts of slumping demand for Reebok shoes and the NHL lockout reducing sales, as it lowers its 2012 sales forecast to a high single-digit gain, subsequent to a prior prediction of double-digit growth.
Green Mountain Coffee Roasters (NASDAQ:GMCR) is collaborating with Lavazza to bring an espresso machine to market whiuch steams fresh milk into lattes, one cup at time. The resultant Rivo System will be available at certain Bloomingdales locations in November, prior to a bigger intro in the spring.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
McDonald’s Corporation (NYSE:MCD) points to “heightened competitive activity” in the United States as a factor, as it reports that comparable store sales dropped by 1.8 percent in October, with domestic sales participating in the downward trend with a 2.2 percent fall for the month. Meanwhile, the Asia-Pacific, Middle East and Africa segment experienced a 2.4 percent decrease in comparable sales, and those in Europe fell by 2.2 percent with strength in the United Kingdom blocking further erosion.
Shares of Monster Worldwide (NYSE:MWW) pop following the firm beating third quarter profit estimates and hinting that its business in China might be sold. Indeed, Monster affirms that it will continue on a path of evaluating strategic alternatives.
Don’t Miss: Is McDonald’s Losing Its Flavor?