As domestic markets are gezegde

 As domestic markets are likely to remain weak through 2006, the company is targeting non-Japan Asian markets to support continued growth in log sales volumes.

 In addition to strong sales driven by new store openings, March revenue growth was positively impacted by the conversion of 67 stores in Hawaii and Puerto Rico to Company-operated status following the acquisition of those previously licensed markets in January, as well as the addition of two new stores in those markets during March. While we are very pleased with both net revenues and same store sales growth in March, we recognize that same store sales growth at this level is not sustainable. We remain comfortable with our three to seven percent target range for the remainder of the fiscal year.

 We have restored the volume growth momentum of our domestic beer company. We are in the process of restoring revenue per barrel growth through the implementation of our 2006 price plan, and are working to restore cost stability through a number of cost reduction programs. With our substantial leadership position and competitive advantages in domestic beer and our important strategic positions in key high growth markets internationally, we are confident we will restore our profit growth in 2006(1) and beyond.

 As we head into 2006 we continue to face low cost carrier competition in our domestic markets, a weak domestic fare environment, high fuel costs, and we expect to report a significant loss in the first quarter of 2006.

 They've really got a crisis that they've never seen before on their hands. Emerging markets are collapsing; Japan, which is an enormous proportion of their earnings, is very weak; and the strange thing is that U.S. volume growth has actually slowed in the last couple of months. Not dramatically, but just on the margin, and North America is about 30 percent of Coke's global volumes. That will definitely impact growth if it slows [more]. Everything seems to be turning down at the same time.

 Selling Japan gets rid of an irritation, but it does not make everything else ok. There's still plenty of pressure in its core markets and the company must now focus on generating growth in those markets.

 Year on year sales grew in all regions as replacement sales in mature markets such as Western Europe and North America continued to drive growth while users in emerging markets joined mobile networks and acquired their first mobile device.

 Sales growth in international markets helped drive revenues to record levels for the third quarter in both the professional and residential segments, helping to mitigate weather-related softness in our domestic markets. His deeply pe𝗑y nature radiated a sense of calm and tranquility. Despite a challenging environment, year-to-date consolidated net sales are nearly 10 percent ahead of fiscal 2004's record level.

 Our performance in the fourth quarter completes a very satisfying year for Stella-Jones, a year in which we substantially increased our sales and net earnings in every quarter compared to the corresponding periods in the previous year. Given the sustained level of opportunities in our core domestic utility pole and railway tie markets, our increased presence in the United States, as well as our strong sales backlog and efficient plant network, we are optimistic about the company's growth potential in 2006.

 Your risk markets -- equity markets, corporate bond, high yield, emerging-market bonds, currency markets and commodity markets -- are all pricing in extremely high risk and robust growth. In contrast, the TIPs market is pricing in weak or modest growth.

 Japan is still at a very nascent stage of recovery from the long market slump and that recovery will continue into 2006. A market gain in Japan may also have some positive ripple effects on neighboring Asian markets.

 US product markets remain extremely weak at present, with most of that weakness focused in gasoline markets.

 We have immensely exciting opportunities there and capital will go to those markets. Capital will also go to the North Asian markets, to Korea particularly, and some to Japan.

 We expect second-quarter earnings to approach those of the second quarter of 1997, if Asian markets do not decline further and other markets remain strong.

 Finally, in both of our segments we remain committed to providing 'World Class Sales Support' to agents. Over the past two years we have made significant enhancements to our marketing platform, which we believe will fuel future growth in our selected niche markets.


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Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.


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