• Cheerios
  
• Chex
  
• Blue Buffalo
  
• Betty Crocker
  
• Pillsbury
  
• Nature Valley
  
• Old El Paso
  
• Haagen-Daz
  
• Totino's
  
• Annie's
  
• Gold Medal
  
• Progresso
  
• Yoplait
  
• and many others
  

• Delivered 7.3% adjusted diluted EPS growth driven by strong smokeable product income and disciplined execution across the total nicotine portfolio.
  
• Cigarette volume declines moderated to 4% (adjusted), attributed to a slowdown in cross-category movement as the illicit flavored e-vapor market shows signs of saturation and increased enforcement.
  
• Reaffirmed full-year 2026 adjusted diluted EPS guidance of $5.56 to $5.72, representing 2.5% to 5.5% growth.
  
• Shifted growth expectations to be more balanced between the first and second halves of the year, reflecting stronger-than-anticipated Q1 volume performance.
  
• On! PLUS is currently the only product accepted into the FDA's pilot program designed to streamline PMTA reviews for oral nicotine pouches, with final marketing authorizations still under review.
  
• Retired just over $1 billion of debt in February, maintaining a total debt-to-EBITDA ratio of 1.9x in line with long-term targets.
  

Quote:UPRR is a Class I railroad operating in the U.S. We have 32,880 route miles, connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern U.S. gateways and providing several corridors to key Mexican and Canadian gateways. We serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers to move freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico. Export and import traffic moves through Gulf Coast, Pacific Coast, and East Coast ports and across the Mexican and Canadian borders.

• I've added railroad specific statistics for any railroad analysis sheets. CN/CNI reports on these consistently for the last 10 years and have quite a variety of statistics they discuss. The other railroads seem to pick only what they want to show. See the notes on the spreadsheet.
  
  
• Revenue is broken down into the different categories of products transported. Usually this does not total 100% of GAAP reported revenues as there are miscellaneous other sources also. I just wanted to get a feel for which sectors of the economy make up their sales.
  
  
• Lastly, I've added a graph to the share price history tab. This is a rough version of the FastGraphs graph with data points based on the previous years' results. If you don't like it, you can just delete it. It just helps me look at valuation.
  
  

Quote:CN is engaged in the rail and related transportation business and powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919. 

CN's freight revenues are derived from seven commodity groups representing a diversified and balanced portfolio of goods transported between a wide range of origins and destinations. This product and geographic diversity better position the Company to face economic fluctuations and enhances its potential for growth opportunities. For the year ended December 31, 2024, CN's largest commodity group, Intermodal, accounted for 22% of total revenues. From a geographic standpoint, 35% of revenues relate to overseas traffic, 32% to transborder traffic, 17% to Canadian domestic traffic and 16% to U.S. domestic traffic. The Company is the originating carrier for over 85%, and the originating and terminating carrier for over 65%, of traffic moving along its network, which allows it both to capitalize on service advantages and build on opportunities to efficiently use assets.

• I've added railroad specific statistics for any railroad analysis sheets. CN/CNI reports on these consistently for the last 10 years and have quite a variety of statistics they discuss.
  
  
• Revenue is broken down into the different categories of products transported. Usually this does not total 100% of GAAP reported revenues as there are miscellaneous other sources also. I just wanted to get a feel for which sectors of the economy make up their sales.
  
  
• Lastly, I've added a graph to the share price history tab. This is a rough version of the FastGraphs graph with data points based on the previous years' results. If you don't like it, you can just delete it. It just helps me look at valuation.
  

• I can't guarantee every number is correct. After looking through a ton of pdf files and hand copying data, errors are bound to creep in. If you find any errors, feel free to let me know about them so I can correct it.
  
  
• Sometimes data from a prior year is restated in a following document due to accounting rule changes, data changing or clarified through the reorganization process, etc. When I enter it in the spreadsheet, I generally use the numbers published in the original data for that year. I DO NOT go back and modify prior data since it is my opinion that the pricing of a company's stock is dependent on the data that was available at the time it was published.
  
  
• I am not a financial planner nor a degreed accountant so any misstatement or calculation of statistics are as I best understand it. Often statistics can be calculated in several different ways depending on how that data is being used. I've used Investopedia extensively to double check my calculations using the data specifically available to me and focusing on the investment viewpoint.
  
  
• When a company is going through some financial hardship or reorganization, some of the numbers don't make any sense; i.e., a negative P/E ratio or ROE. Other rating services usually mark it as "Not Measureable" or set it to zero. I will usually leave it as calculated so I can judge how drastic the change is from the norm.
  
  
• Do not use this information as the sole source to make investment decisions. I highly recommend you at least skim a couple years of annual reports to become familiar with the company. I make no guarantees along with all the other disclaimers other organizations usually list.
  
  

• I can't guarantee every number is correct. After looking through a ton of pdf files and hand copying data, errors are bound to creep in. If you find any errors, feel free to let me know about them so I can correct it.
  
  
• Sometimes data from a prior year is restated in a following document due to accounting rule changes, data changing or clarified through the reorganization process, etc. When I enter it in the spreadsheet, I generally use the numbers published in the original data for that year. I DO NOT go back and modify prior data since it is my opinion that the pricing of a company's stock is dependent on the data that was available at the time it was published.
  
  
• I am not a financial planner nor a degreed accountant so any misstatement or calculation of statistics are as I best understand it. Often statistics can be calculated in several different ways depending on how that data is being used. I've used Investopedia extensively to double check my calculations using the data specifically available to me and focusing on the investment viewpoint.
  
  
• When a company is going through some financial hardship or reorganization, some of the numbers don't make any sense; i.e., a negative P/E ratio or ROE. Other rating services usually mark it as "Not Measurable" or set it to zero. I will usually leave it as calculated so I can judge how drastic the change is from the norm. You can mark these fields zero (0) or NM (Not Measurable) and the statistics should adjust if you desire.
  
  
• Do not use this information as the sole source to make investment decisions. I highly recommend you at least skim a couple years of annual reports to become familiar with the company. I make no guarantees along with all the other disclaimers other organizations usually list.
  

• I can't guarantee every number is correct. After looking through a ton of pdf files and hand copying data, errors are bound to creep in. If you find any errors, feel free to let me know about them so I can correct it.
  
  
• Sometimes data from a prior year is restated in a following document due to accounting rule changes, data changing or clarified through the reorganization process, etc. When I enter it in the spreadsheet, I generally use the numbers published in the original data for that year. I DO NOT go back and modify prior data since it is my opinion that the pricing of a company's stock is dependent on the data that was available at the time it was published.
  
  
• I am not a financial planner nor a degreed accountant so any misstatement or calculation of statistics are as I best understand it. Often statistics can be calculated in several different ways depending on how that data is being used. I've used Investopedia extensively to double check my calculations using the data specifically available to me and focusing on the investment viewpoint.
  
  
• When a company is going through some financial hardship or reorganization, some of the numbers don't make any sense; i.e., a negative P/E ratio or ROE. Other rating services usually mark it as "Not Measureable" or set it to zero. I will usually leave it as calculated so I can judge how drastic the change is from the norm.
  
  
• Do not use this information as the sole source to make investment decisions. I highly recommend you at least skim a couple years of annual reports to become familiar with the company. I make no guarantees along with all the other disclaimers other organizations usually list.