Boston, MA 05/29/2014 (wallstreetpr) – PepsiCo, Inc. (NYSE:PEP) is leaving no breathing space for archrival Coca-Cola Company (NYSE:KO). Whether it is in North America, Europe or the emerging markets of Asia, Latin America and Africa, PepsiCo is doing something to trim the market influence of Coca-Cola. In India for instance, PepsiCo is waging a mighty war against the rival by sponsoring summer sports. The sponsorships earn the company exclusive stadium marketing rights while denying the rival the same. But even outside the stadiums where it is supposed to be free for all, PepsiCo is neck-to-neck with Coca-Cola.
Besides marketing exclusivity in sporting events, PepsiCo, Inc. (NYSE:PEP) also recently launched its at-home soda making machine. The move takes on rival Coca-Cola in a big way because of the potential in at-home soda business. PepsiCo’s device also comes with an added advantage because it offers a larger flavor variety.
American Eagle Outfitters (NYSE:AEO) intends to shutter 70 stores this year and 150 stores within the next three years. The company also announced plans to evaluate about 300 stores whose releases are set to expire soon. Although the company has not yet provided the specific details of the stores to be faced out, AEO has been adjusting the number of its stores amid lackluster financial performance.
The company noted in the most recent reporting that low mall traffic impact revenue and profits. The company, therefore, intends to reorganize its operations in a manner that attracts higher revenue while expenses are kept low.
American Eagle Outfitters (NYSE:AEO) earned $3.9 million in 1Q2014 trading period ending May 3. The figure suggested 86 percent decline from a year earlier. Revenue in the quarter plunged 5 percent to touch base at $646 million. Shares of the company are down almost 26 percent since the beginning of 2014.
Dean Foods Co (NYSE:DF) will pay a dividend of 7 cents per share on June 5. The company’s board approved dividend payment despite the struggle in the business. Competition and high operating costs are some of the challenges that the company faces. Its 1Q left no doubt about the trouble in the company’s performance. Dean Foods reported a loss of 5 cents per share in 1Q2014, yet analysts expected positive earnings of 1 cent per share for the quarter.
