Sixty-six percent of Merck's revenue comes from drugs that require a doctor visit. So in this age of social distancing, that has kind of dropped off a cliff, not so much in the first quarter, but it will be in Q2 and perhaps for the rest of the year. So this actual first quarter wasn't too bad, beat estimates, but it'll get a little bit hairy going forward.
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So you know, we're just going to see a dip, it's the way it goes. For the quarter, things held up. Sales up So it hadn't quite hit yet, but it's coming. They did keep their guidance, so kudos to them for being able to at least see out a bit, at least they think they can. Dividend, I think, is OK, 2. But overall, I don't think too bad. Hill: Look, we're all looking for the same thing, right? We're all looking for the test to be discovered and approved, we're all looking for the vaccine to be tested and approved. Where do companies like Merck fit into your field of vision as you're looking for news?
Are you looking to the medical experts like Scott Gottlieb and Dr. Are you looking to the big pharmaceutical companies? Where do you find yourself looking for, among other things, hope? Gross: [laughs] Personally, yes, I am a fan of Fauci. I think he's operating under tremendous stress, as is Dr.
It's tough to do their job and be transparent in the current situation, but I do look to them. There are pockets of scientists, some even being led by some very successful hedge fund managers who have put together a group of, kind of, the best of the best that are, like, under the radar, who are taking immunologist here and a virus doctor there and putting them together into, like, a think-tank kind of scenario.
And occasionally, they'll release some information about progress, about antivirals or potentially vaccines. But yes, I do also listen to some of the big boys here, you know, the Abbott Labs and the Roche s and the Mercks.
I'm kind of, to be honest, looking for anything. I can get a little tidbits here-and-there of what may be coming, and what may be coming maybe sooner than later. And, you know, it's a waiting game, let's face it. Pretty good first-quarter results for Pepsi.
The stock up a little bit today; yet another company that pulled their guidance. I didn't see as much color from Pepsi as we saw last week from Coca-Cola with regards to the away-from-home segment, the restaurants, bars, sports venues, music venues, that sort of thing. I mean, clearly it is affecting them, but then again, Pepsi has got Frito Lay, [laughs] they've got snacks and Coca-Cola doesn't. Gross: Correct. And that's very favorable in this situation.
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But I do see a lot of similarities here. The quarter itself was relatively decent. And pretty much across the board, results were strong in terms of geographies and businesses. So the quarter was OK. Q2 and going forward, again, the problem, as Coke said, weak demand across the board from restaurants, theaters, stadiums. That's going to really eat in into profitability. They did close the Rockstar Energy acquisition, they're excited about that, they agreed to be the exclusive distributor of Bang energy drinks.
So we see them, kind of, moving in a bigger way into the energy drink market. As you say, suspended guidance, but I think, again, with this one, the dividend looks safe, which is a 2. Their buyback program is continuing, which is interesting. So they don't feel they necessarily need to preserve cash. They think they can get everything done, including paying this dividend and perhaps buy some stock back, take advantage of the weakness. Hill: So we definitely saw the snacks sales help to offset the drop in the beverage businesses. I have to assume that's going to continue for the current quarter.
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Crews in a Kansas City development firm will be constructing a ,square-foot complex for FedEx Ground Transport. This project, many years in the making, dwarfed by the construction of the McKinley Mall in terms of development price n. We are coming off our best fiscal year to date, with sales revenue increases of more then 8 percent from the previous fiscal year; we closed our fourth quarter with sales revenue equaling out to million. Consumer Analysis We at M. With over thirty major corporations and five hundred propitorship accounts we have become the number one choice for servicing product transportation from manufacturing to distribution warehouses, ultimately to the consumer.
During our next fiscal year MILF-Gistics plans to earn a gross sales revenue of over million dollars and over one hundred thousand commercial and private transportation orders of air fright, railroad, and multi-resource transportation.
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These revenues came from 3M's six business divisions: industrial; transportation, graphics, and safety; healthcare; consumer and office; electro and communications; and specialty materials. All business divisions were profitable in Annually, more than 75, employees worked to create more than new products.
The company has a wide spectrum of industrial exposure through its six primary business segments: Industrial and Transportation, Health Care, Consumer and Office, Display and Graphics, and Electro and Communications. While it is not the only well-run diversified industrial outfit, it is arguably the most operationally efficient, rivaled only by another iconic industry counterpart, General Electric GE - Free General Electric Stock Report.
Moreover, during a period when industrial manufacturing has been tepid at best in the years following the last recession, 3M has remained an industry stalwart with regard to revenue and profit growth.
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A look at the historical financial data in the Statistical Array reveals that the company has grown profits in eight of the past ten years, with the only slippage occurring during the recessionary period between and And even then, 3M managed to stabilize its margins fairly quickly. Although it has faced some challenges bringing those margins back above pre-recessionary levels, incremental gains are likely to accelerate once the economy picks up momentum.
There are several factors that support this notion. The primary being the Financial Strength and investor-friendly use of free cash flow.