PepsiCo Inc's quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker's advertising and marketing push helped drive sales of its snacks, sparkling waters and low-sugar sodas globally.
Constellation Brands Inc on Thursday reported quarterly sales and profit that beat Wall Street forecasts, benefiting from new beer launches in its Corona and Modelo brands, though wine sales struggled.
Shares of Nike Inc fell 4 percent on Friday after the sportswear maker's North America sales fell short of estimates for the first time in a year, but Wall Street analysts seemed more enthused about its new products and online growth.
March 21 Conagra Brands Inc's quarterly
profit beat Wall Street estimates on Thursday, as the Reddi-wip
and Slim Jim beef jerky maker raised prices to make up for
higher transportation and commodity costs, sending its shares up
more than 11 percent in morning trading.
(This March 6 story, corrects paragraph 2 to say company will be closing up to 40 stores, not 40 stores; also drops reference to on-trend clothing boosting demand for the Abercrombie brand)
Kroger Co projected annual profit below Wall Street estimates on Thursday, as the grocer spends billions of dollars on modernizing its stores and delivery to compete better with Walmart and Amazon.
Gap Inc shares surged as much as 24 percent on Friday as a number of Wall Street analysts lauded the company's decision to separate its better-performing Old Navy brand. | Video
March 1 Gap Inc shares surged 25 percent
on Friday as a number of Wall Street analysts lauded the
company's decision to separate its better-performing Old Navy
J. C. Penney Co Inc on Thursday reported quarterly results that topped estimates as the struggling retailer sold more jewelry and women's, men's and children's apparel during the key holiday shopping season. | Video