Hot and Soars Stocks: Avon Products Inc. (NYSE:AVP), Pepsico, Inc. (NYSE:PEP), Conns Inc. (NASDAQ:CONN)

April 25, 2023 8:40 pm2 commentsViews: 99

Avon Products Inc. (NYSE:AVP) released that it has divested Liz Earle, its wholly-owned, UK-based natural skincare brand. Walgreens Boots Alliance takeover the Liz Earle business for 140M pounds in an all-cash deal. The firm reported that it will use the proceeds for the anticipated redemption of $250 million, 2.375% Notes due March 2016. Avon acquired Liz Earle in March 2010 and has since managed the brand as a standalone business from the core direct-selling business. Avon Products Inc. (NYSE:AVP) stock has highest price of $6.29 in last session, beginning with a price of $6.11 and reported a decrease of -4.46% to close at $6.00 with a day range of $6.11-$6.29.

Pepsico, Inc. (NYSE:PEP) released that its Q2 net income to firm of $1.98B or $1.33 a share, as compared to $1.98B or $1.29 per share, previous year. Core EPS was $1.32, for the quarter. Core constant currency EPS increased 11 percent. For 2015, the company expects mid-single-digit organic revenue growth and increased its core constant currency EPS growth target to 8 percent from 7 percent from its fiscal 2014 core EPS of $4.63. The company said it is on track to deliver approximately $1 billion productivity savings in 2015, and to return a total of $8.5 to $9 billion to shareholders through dividends of approximately $4 billion and share repurchases of $4.5 to $5 billion. Pepsico, Inc. (NYSE:PEP) stock hit highest price at $97.35, beginning with a price of $97.34 and reported a loss of -0.82% to close at $95.61 with a day range of $96.23-$97.35. The total market capitalization remained 142.23 Billion, total volume of 6.04 Million shares held in the session was surprisingly higher than its average volume of 4240.24 shares.

Conns Inc. (NASDAQ:CONN) declared that its $102.6M in total retail net sales for the month ended June 30, 2015, an 11.9 percent move up as compared to the similar previous year period. Similar store sales for the month moved up 1.1%. Conn’s reported that its same store sales were impacted by the decision to exit video game products, digital cameras, and certain tablets. Excluding the impact from these products, same store sales increased 5.1% during the period. Conn’s also announced the hiring of Thomas Moran as CFO, effective July 27, 2015. Before joining Conn’s, he served as Executive Vice President and CFO for West Marine Inc. Moran succeeds Mark Haley, who served as interim CFO, and who will continue as Vice President and Chief Accounting Officer. Shares of Conns Inc. (NASDAQ:CONN) traded at $42.53 by plunging -2.21% with price volatility of 5.44% for a week and 3.81% for a month. Its beta stands at 1.83 times.

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