Tag: consumer staples
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Walgreens closing five stores in San Francisco
The crime problem in San Francisco and California as a whole continues to cause retailers problems. Walgreens Boots Alliance Inc. has announced that it will close five Walgreens stores in San Francisco in response to the rise in organized retail crime. Walgreens says it will move prescriptions and workers from the shuttered stores to nearby…
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Proctor & Gamble pressured to report on its efforts to address deforestation
Environmentalists scored a win against a corporate giant last year when Procter & Gamble Co. shareholders backed a proposal asking the maker of Charmin toilet paper and Bounty paper towel to report on its efforts to address deforestation. This year, the Natural Resources Defense Council, Sierra Club and several dozen descendants of P&G’s founding families are lobbying…
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Pepsi raises expectations, posts higher revenue but lower profit for the quarter
The maker of snacks and beverages on Tuesday said it expects organic revenue—a measurement that adjusts for items like foreign-exchange translation, acquisitions and divestitures—to grow about 8% for fiscal 2021. It previously expected organic revenue to grow 6%. The Purchase, N.Y., company sees core constant currency earnings per share growth of at least 11%, compared…
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Positive VIB3S
I get a 4 out of 5 in podcast quality, I rebalance a portfolio for sector exposure, receive a shareholder letter that I’ve never received before, and more!
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Low Yield Portfolio sector rebalance
It’s time for me to do a little rebalancing of my Low Yield Portfolio. Both the Low Yield and Medium Yield Portfolios are too heavily weighted in the Financial sector. They are is 26% and 28% respectively and that leaves me a little too exposed to shocks in that sector. So I’ve decided to tweak…