Another Disappointment for RB Investors as Operational Mis-step Drives 3Q Miss
RB missed our forecasts on organic growth in the third quarter due to an event that management described as a “technical issue†at an infant formula plant. This overshadows what was otherwise a fairly strong quarter, with an above-par performance at the hygiene and home division. Despite the miss, management reiterated guidance for the full year, which implies organic growth of at least 3% in the fourth quarter. We have slightly lowered our short-term assumptions to account for the disruption, b...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.