|
|
Recent Articles
-
Yum Brands’ Taco Bell Division Remains Its Gem
Nov 25, 2024
-
Image Source: Yum Brands.
Yum Brands recently reported third quarter results that came up a bit short relative to the market’s forecast. The owner of KFC, Taco Bell, Pizza Hut, and Habit Burger experienced worldwide system sales growth, excluding foreign currency translation, of 1%, which reflects 5% unit expansion, including 1,029 gross new units in the quarter. Same store sales fell 4% at KFC and Pizza Hut, while they expanded 4% at Taco Bell in the quarter. Unit growth was most prevalent in its KFC Division, where the number of units expanded by 7%. GAAP operating profit and core operating profit advanced 1% and 3% in the quarter, respectively, led by 11% expansion in its Taco Bell division.
-
Deere’s Fiscal Fourth Quarter Results Better Than Feared
Nov 25, 2024
-
Image Source: Deere.
Looking to fiscal 2025, Deere expects Production & Precision Ag net sales down ~15%, Small Ag & Turf net sales down 10%, and Construction & Forestry net sales down 10%-15%. Net income for its Financial Services segment is targeted at $750 million for the year. Net income attributable to Deere & Company for fiscal 2025 is expected to be in the range of $5-$5.5 billion, down from $7.1 billion in fiscal 2024 and $10.2 billion in fiscal 2023. Deere’s top line continues to face pressure, and its balance sheet isn’t as strong as we would like, but the company is navigating weakness well. Shares yield 1.3%.
-
Dividend Increases/Decreases for the Week of November 22
Nov 22, 2024
-
Let's take a look at firms raising/lowering their dividends this week.
-
Nvidia’s Gross Margins Facing Pressure But Still Very Healthy
Nov 20, 2024
-
Image: Nvidia’s shares have surged higher in recent years.
Looking to the fourth quarter of fiscal 2025, Nvidia’s revenue is expected to be $37.5 billion, plus or minus 2%. Non-GAAP gross margins are expected to fall sequentially to 73.5%, while non-GAAP operating expenses are expected to be $3.4 billion in the fourth quarter. Nvidia’s third quarter report was fine, but its fourth-quarter revenue guidance was a bit light relative to some buyside estimates, and its non-GAAP gross margin guidance for the fourth quarter revealed modest sequential pressure. The high end of our fair value estimate stands at $180 per share.
|
