Seeking Alpha

Mead Johnson Nutrition tops view, raises guidance

  • Mead Johnson Nutrition (MJN) easily tops estimates for Q3, as revenue rises 14% Y/Y (+16% on a constant dollar basis).
  • MJN notes that around 6% of sales growth is attributable to an easy comp (inventory reductions at Chinese distributors in Q3 2012) and price increases in Venezuela and Argentina. Asia/Latin America sales rise 19% to $768M.
  • "Sales growth was strong in all regions, with share gains in most markets. Strong double-digit growth was driven by higher volumes, most notably in China/Hong Kong," CEO Kasper Jakobsen notes.
  • FY13 outlook: Adjusted EPS of $3.30-3.37 (versus previous guidance of $3.22-3.30/share) on sales growth of 9-10%. (PR)

Check out Seeking Alpha’s new Earnings Center »

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs