Most Companies See Growth in Developing Markets – Analyst Blog
Source: http://www.zacks.com/stock/news/21460/Most+Companies+See+Growth+in+Developing+Markets+-+Analyst+BlogPosted on Thursday, June 25th, 2009 | In Market Commentary, Stocks to Watch
Most companies like Avon (AVP), Campbell Soup (CPB), Coca-Cola (KO), PepsiCo (PEP), H.J. Heinz (HNZ) and Procter & Gamble (PG) are depending on the developing markets of Asia/Pacific and China for growth.
In spite of the current economic meltdown, sales growth has been recorded across companies for this segment. For example, Avon’s sales grew 9% in China while Procter & Gamble saw sales growth of 11% in the Asia Pacific region. In addition, soup companies such as Campbell Soup are also targeting markets, including China (Shanghai is the leading soup market in China with highest per capita soup consumption with almost 72% of the population consuming a bowl of soup everyday) for expansion. Also, in case of Heinz, Asia accounts for a big market, although sales in 2009 increased only 1.6%, primarily due to currency volatility.
Many more companies are trying to expand their operations in the developing markets and in China due to the huge untapped potential.
Read the full analyst report on “AVP”
Read the full analyst report on “CPB”
Read the full analyst report on “KO”
Read the full analyst report on “PEP”
Read the full analyst report on “HNZ”
Read the full analyst report on “PG”
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- Settlement in Xerox-ACS Merger - Analyst Blog - November 24th, 2009
- Citi Expects Strong Economic Growth - Analyst Blog - November 24th, 2009
- Downgrading Expedia to Neutral - Analyst Blog - November 24th, 2009
- Foot Locker Misses Expectations - Analyst Blog - November 24th, 2009
- Patni Exceeds Estimates - Analyst Blog - November 24th, 2009
Asia, Asia Pacific, Avon, Campbell Soup, China, Heinz, Market Commentary, Procter Gamble, shanghai, Stocks to Watch, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.