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Friday, March 9, 2012

Starbucks Brews Up Profit and More ( VRS, ULTA, SBUX, WSM, CAT )

Starbucks Set To Open Its Own single-cup coffee (VRS, ULTA, SBUX, WSM, CAT) Verso Paper Corp (NYSE:VRS) is up 0.49% to $2.06. Verso Paper Holdings LLC and Verso Paper Inc proposed to issue $345 million aggregate principal amount of senior secured notes due 2019 in a private offering. The Notes will be guaranteed by certain domestic subsidiaries of Verso. Ulta Salon Cosmetics & Fragrance Inc (NASDAQ:ULTA) jumped up 2.37% to $91.61 after the Company posted fourth quarter results. Net sales increased 23.0% to $582.5 million. Comparable store sales increased 11.5%.  Net income increased 53.8% to $46.3 million. Income per diluted share was $0.73 compared to $0.49 in the fourth quarter offiscal 2010. Starbucks Corporation (NASDAQ:SBUX) soared 2.08% to $51.42 after the Company announced said that it would come out with a competing single-cup coffee maker. The Company announced the promotion of two senior leaders. Adam Brotman was appointed chief digital officer and Curt Garner was named chief information officer. Williams-Sonoma Inc (NYSE:WSM) is down 0.59% to $35.40. The Company announced that Sharon McCollam has retired from the organization on March 16, 2012. Julie Whalen, SVP, Corporate Controller and Treasurer will serve as the Acting Chief Financial Officer. Recently, the Company reported fourth quarter net income of $122.6 million or $1.17 per share compared to $113.4 million or $1.05 per share in the previous year period. Revenue increased 13% to $1.27 billion. Caterpillar Inc (NYSE:CAT) went up 0.15% to $110.51. The Company has launched Android smartphone. The Company will conduct its 2012 annual meeting on June 13, 2012 in San Antonio, Texas.

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