Tag Archives: sales

CEOs predict increased hiring and sales

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America’s CEOs are slightly more optimistic about the economy over the next six moths, according to a Business Roundtable survey released today.
The chief executives of leading companies expect increased sales and capital expenditures as well as more job creation compared to the third quarter.
The Business Roundtable CEO Economic Outlook Index increased to 84.5 from 79.1,  with expectations for 2014 GDP growth at 2.2 percent, in line with the previous two quarters.
“CEO expectations for economic expansion in the next six months increased slightly from last quarter, with expectations for sales, capital investment and hiring all tracking somewhat higher,” Jim McNerney, chairman of Business Roundtable, and chairman, president and CEO of The Boeing Co. said in a news release.
“In aggregate, our expectations are consistent with an economy that will continue along the path of steady, modest recovery into the first half of 2014.  These soundings are also consistent with an overall economy that, despite progress, is not yet performing at its full potential.”
Seventy-three percent of the executives surveyed said they expect their company’s sales to increase in the next six months, while only 8 percent foresee a sales decrease.
Thirty-nine percent said they will increase capital spending and 34 percent plan to increase hiring.
Click here for complete results of the Roundtable survey.

Sea Ray parent reports strong 1Q

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Boat sales declined, but Brunswick Corp. still had a strong first quarter.

The parent company of Knoxville-based Sea Ray Boats and Brunswick Boat Group reported earnings from continuing operations of $54.9 million, or 59 cents per diluted share. That was up from $47 million, or 51 cents per diluted share in the first quarter of 2012.

Excluding discontinued operations, the company said it earned 76 cents per diluted share,  an increase of 24 cents from the prior year.

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Brunswick beats expectations, profit up 44 pct.

022509searay1_jpg.JPGBrunswick Corp., parent company of Knoxville-based Sea Ray Boats, today reported a first quarter profit of $39.7 million, or 43 cents a share, easily beating analysts expectations.

The company’s earnings represent a 44 percent improvement from a profit of $27.5 million, or 30 cents a share, in the first quarter last year.

Analysts had expected earnings of 37 cents a share, according to Reuters.

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Strong VW sales good news for East Tennessee economy

 

a302d2ef6a6f5800030f6a706700d741.jpgVolkswagen of America Inc. today reported that 2011 sales were the best in nine years, helped by an strong increase in sales of the Chattanooga-built Passat.

Total VW sales in the Unites States last year were 324,402 units, a 26.3 percent increase from 2010 and the best since 2002, the company announced.

Passat sales soared in 2011 with 22,779 units sold, a 124 percent increase from 2010.

 

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No science behind Power Balance wristbands? Shocking!

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The California company behind the popular Power Balance wristbands has admitted there is no scientific evidence behind its claims.

I know what you’re thinking. How can this be? You’ve seen the TV commercials. Sports stars swear by the wristbands.

But Australian authorities have gotten the company to come clean, according to the Associated Press.

The lack of scientific evidence may not be a suprise, but the company’s public admission is shocking.

And marketing genius.

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Small biz losing faith in recovery

Small business owners are growing less confident about the economy, reversing a recent trend of rising optimism, according to a survey released Tuesday.

The National Federation of Independent Business reported that its monthly Index of Small Business Optimism dropped 3.2 points in June, following modest gains in previous months.

Culture_Currency(2).JPGBusiness owners surveyed are most concerned about poor sales (30 percent), taxes (20 percent) and government regulations and red tape (15 percent.)

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