Wal-Mart’s Big Plans for China, Dunkin’s Mixed Quarter, and 3 More Hot Stocks
Wal-Mart Stores Inc. (NYSE:WMT): Wal-Mart will be opening up to 110 facilities in China between next year and 2016, adding to the 30 stores it has already opened this year. Greg Foran, the chief executive of Wal-Mart China, said that Wal-Mart has closed 11 stores and is looking to close 15-30 others over the next 18 months in what he called a part of a rationalization process, Reuters reported.
Dunkin’ Brands Group (NASDAQ:DNKN): Shares are down more than 3 percent in the wake of Dunkin’ Brands Group’s earnings report, which saw earnings per share of 41 cents miss by 2 cents and revenue of $186.3 million beat, by $3.36 million. The quarter saw the opening of 222 new locations, 81 of which are in the United States; strong growth in Germany and the Middle East helped fuel a 1.4 percent gain for Dunkin’ internationally.
Unilever PLC (NYSE:UL): Unilever’s revenues have declined some 6.5 percent to 12.5 billion euros ($17.2 billion), dented significantly by currency swings and disposals; sales growth slowed to 3.2 percent from 5.9 percent last year, making for the company’s worst performance since the fourth quarter of 2009. ”Emerging markets continue to be the main driver of our growth, and, despite the current slow-down, they remain a significant growth opportunity which the company is well-placed to capitalize on,” said CEO Paul Polman.
Ericsson Telephone Co. (NASDAQ:ERIC): Ericsson shares are falling as it reports earnings before interest and taxes of 4.2 billion kronors ($658 million), up from the 3.1 billion kronors from a year earlier, though the company missed the consensus of 4.5 billion kronors. Net profit jumped 34 percent to 2.92 billion kronors, though sales were hurt by forex fluctuations as well as by reduced activity in Japan and two large maturing projects in the United States.
Credit Suisse Group AG (NYSE:CS): EPS of CHF 0.43 missed estimates by CHF 0.05, as revenue of CHF 5.69 billion missed by CHF 25 million. A lack of trade action was a root cause for the decline in revenue, as fixed-income revenue dropped by 42 percent. Upticks in equity revenue, which was up 8 percent, couldn’t offset; expenses, though, fell 24 percent due to an absence of bonuses.