T. H. Data Flash – Mead Johnson – June 2016: MJN 2Q16 Revenue May be Better than Consensus
- Date: Jul 22, 2016
- Partial Report：Name: TH Data MJN 07212016.pdf - Size: 0.59M - Free Download
MJN will report 2Q16 results on Thursday, July 28 before the market opens.
According to our online sales data tracked from China e-commerce sites (Figure 1),
we project China/Hong Kong sales of Mead Johnson to be stable or slightly down
sequentially in 2Q16 in USD term after considering unfavorable currency
depriciation at about 7%. If we adopt what we believe is the most reasonable ratios
of online sales to total sales in China, China to Asia, and Asia to total MJN, we
believe the company is likely to report 2Q16 total revenue better than consensus at
6.6% Y/Y decline.