Shares of Fibria Celulose SA (ADR) (NYSE:FBR) ended Friday session in green amid volatile trading. The shares closed up +0.36 points or 5.53% at $6.87 with 2.60 million shares getting traded. Post opening the session at $6.73, the shares hit an intraday low of $6.71 and an intraday high of $7.02 and the price vacillated in this range throughout the day. The company has a market cap of $3.60 billion and the numbers of outstanding shares have been calculated to be 553.59 million shares.
Fibria Celulose SA (ADR) (FBR) engages in the production, sale, and export of short fiber pulp. The company primarily offers bleached eucalyptus kraft pulp used in the manufacture of tissue, coated and uncoated printing and writing paper, and coated packaging boards. As of December 31, 2015, it had approximately 969 thousand hectares of forest base in the states of São Paulo, Minas Gerais, Rio de Janeiro, Mato Grosso do Sul, Bahia, Espírito Santo, and Rio Grande do Sul. The company offers its products in Europe, North America, Asia, Brazil, and internationally. It has strategic alliance with Ensyn Corporation. The company was formerly known as Votorantim Celulose e Papel S.A. and changed its name to Fibria Celulose S.A. in November 2009. Fibria Celulose S.A. was founded in 1988 and is headquartered in São Paulo, Brazil.
Shares of Campbell Soup Company (NYSE:CPB) ended Friday session in red amid volatile trading. The shares closed down -0.50 points or -0.90% at $54.89 with 2.56 million shares getting traded. Post opening the session at $55.21, the shares hit an intraday low of $54.89 and an intraday high of $55.46 and the price vacillated in this range throughout the day. The company has a market cap of $16.85 billion and the numbers of outstanding shares have been calculated to be 307.88 million shares.
Campbell Soup Company (CPB) on September 1, 2016 reported its fourth-quarter and full-year results for fiscal 2016.
Sales of $1.687 billion were comparable to prior year as the benefit from the acquisition of Garden Fresh Gourmet was offset by the decline in organic sales and the adverse impact of currency translation. Organic sales decreased 1 percent primarily driven by Campbell Fresh, reflecting declines in carrots and carrot ingredients, as well as the impact from the voluntary recall announced on June 22 of Bolthouse Farms Protein PLUS drinks. The estimated negative impact on net sales in the fourth quarter related to the recall and related production outages was approximately one percentage point.
Gross margin decreased from 33.2 percent to 32.4 percent. Excluding items impacting comparability, adjusted gross margin decreased 0.9 points. The decrease in adjusted gross margin was primarily driven by increased promotional spending, inflation, the impact of the Bolthouse Farms recall and related production outages, as well as higher carrot costs, partly offset by productivity improvements.
Marketing and selling expenses increased 14 percent to $216 million. Excluding items impacting comparability, adjusted marketing and selling expenses increased 14 percent to $196 million primarily due to higher advertising and consumer promotion expenses. Administrative expenses decreased 4 percent to $185 million. Excluding items impacting comparability, adjusted administrative expenses decreased 19 percent to $128 million primarily due to lower incentive compensation costs and the benefits from cost savings initiatives.