Estee Lauder Exec Says Not Counting On Travel Retail To Get Back To Prior Levels。
Estee Lauder Exec Says Not Counting On Travel Retail To Get Back To Prior Levels Read Post »
Morgan Stanley analyst Ravi Shanker maintains Southwest Airlines (NYSE:LUV) with a Overweight and lowers the price target from $50 to $47.
Morgan Stanley lowers Southwest Airlines (NYSE:LUV) price target from $50 to $47 Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target price to $290 from $332, 23.6x our 2024 EPS, a discount to MCD’s five-year average forward P/E of 26.9x, justified by the risk of worsening traffic trends. We raise our 2023 EPS estimate to $11.73 from $11.57 and 2024’s to $12.29 from $12.06. MCD posts Q3 adj-EPS of $3.19, $0.20 above consensus. Revenue of $6,692M (+14.0% Y/Y) was $142M above consensus. Adj-operating income grew to $3,234M, with margin widening 130 bps to 48.3% vs. 46.9% consensus. Comp sales rose 8.8% vs. 8.0% consensus, mainly due to higher menu prices. However, topline growth is moderating largely due to falling inflation and cost of living pressures. We note a drop in traffic among low-income consumers, more promotional activity in the QSR industry, and pressure
CFRA Maintains Buy Opinion On Shares Of Mcdonald’s Corporation Read Post »
McDONALD’S REPORTS THIRD QUARTER 2023 RESULTS PR Newswire CHICAGO, Oct. 30, 2023 — Global Systemwide sales* increased 11% for the quarter, with global comparable sales of nearly 9% and strong growth across each segment — Digital Systemwide sales in our top six markets were nearly $9 billion for the quarter, representing over 40% of their Systemwide sales CHICAGO, Oct. 30, 2023 /PRNewswire/ — McDonald’s Corporation today announced results for the third quarter ended September 30, 2023. “With global Systemwide sales growth of 11%, our third quarter results reflect our position of strength as the industry leader,” said McDonald’s President and Chief Executive Officer, Chris Kempczinski. “The macroeconomic environment is unfolding in line with our expectations for the year, and we continued to deliver convenience and value for our customers. Thanks to the entire McDonald’s System’s outstanding execution of Accelerating the Arches, we remain confident in our future and the strategic
McDONALD’S REPORTS THIRD QUARTER 2023 RESULTS Read Post »
McDonald’s Q3 Global System Sales Increased 11%, Global Comparable Sales Increased 8.8%.
McDonald’s Q3 Global System Sales Increased 11% Read Post »
McDonald’s (MCD) reported Q3 non-GAAP earnings Monday of $3.19 per diluted share, up from $2.68 a year earlier. Analysts polled by Capital IQ expected $2.99. Revenue for the quarter ended Sept. 30 was $6.69 billion, compared with $5.87 billion a year earlier. Analysts surveyed by Capital IQ expected $6.55 billion. Global comparable sales were up 8.8% during the quarter, the company said. Analysts polled by Capital IQ expected a nearly 8% growth rate.
McDonald’s Q3 Non-GAAP Earnings, Revenue Rise Read Post »
McDonald’s CEO Says Have Seen Broad-Based Momentum Across The Business Over Q3, Despite Continued Headwinds, Challenging Macro Environment; While Top-Line Growth Continued To Moderate, As Expected, Co Is Still Outpacing Competitors.
McDonald’s CEO Says Have Seen Broad-Based Momentum Across The Business Over Q3 Read Post »
B of A Securities analyst Jason Haas downgrades Hasbro (NASDAQ:HAS) from Buy to Neutral and lowers the price target from $90 to $53.
B of A Securities lowers Hasbro (NASDAQ:HAS) price target from $90 to $53 Read Post »
Morgan Stanley analyst Adam Jonas maintains General Motors (NYSE:GM) with a Overweight and lowers the price target from $41 to $40.
Morgan Stanley lowers General Motors (NYSE:GM) price target from $41 to $40 Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target to $24 from $36, 12.2x our ’24 EPS view (cut to $1.97 from $3.24; ’23’s cut to $1.24 from $2.16), slightly above LUV’s ’18-’19 P/E average of 12x. Q3 EPS of $0.38 vs. $0.50, missed consensus by $0.01. Revenues grew 5% Y/Y on more than 12% capacity due to weaker load factors (~81% vs. 85% in Q3 22). LUV revised its ’23 outlook, with expected fuel rising by 5.5% (midpoint of $2.90/g vs. the prior midpoint of $2.75/g) due to the recent uptick in energy prices. The EIA estimates WTI pricing to average $80/b in ’23 (vs. $95/b in ’22) and $91/b in ’24. LUV has hedged 50% of its expected ’23 fuel consumption at a midpoint of $2.90 and 55% for
CFRA Maintains Hold Opinion On Shares Of Southwest Airlines Co. Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We trim our 12-month target by $3 to $180, calculated using an EV/EBITDA multiple of 15x (was 17x) against our ’24 adj-EBITDA estimate of $132.3B (up from $115.0B) vs. 12x-30x historical average. We lift our ’23 EPS to $4.62 from $4.42 and ’24 EPS to $6.13 from $4.66. We begin ’25 at $7.28. Q3 GAAP operating income of $11.2B smashed the $7.7B estimate, as AWS margins hit 30.3% (+600 bps from Q2). Revenue of $143.1B (+13% Y/Y) smashed the $141.6B consensus. Yet, AWS growth was 12% Y/Y (flat from Q2), which was in line with consensus but will be viewed as a slight disappointment considering MSFT Azure’s reacceleration in the Sep-Q. AWS could still accelerate in Q4, as AMZN notes several new deals were signed in September
CFRA Reiterates Buy Opinion On Shares Of Amazon.com, Inc. Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We trim our 12-month target price to $2,110 from $2,220, 40x our 2024 EPS, below CMG’s five-year average forward P/E but in line with its peers. We trim our 2023 EPS to $44.58 from $45.04 and 2024’s to $52.69 from $55.54. CMG posts Q3 adj-EPS of $11.36, $0.73 above consensus. Revenue of $2,471M (+11.3% Y/Y) was in line with consensus. Operating income grew 17.5% Y/Y to $395M, with margin widening 80 bps Y/Y to 16.0% vs 15.3% consensus. Comp sales rose 5.0% vs 4.4% consensus, driven by transactions and pricing, partly offset by mix. Despite the drag on sales from mix, CMG has begun to see this ease in Q4, along with continued growth in comp transactions (mid-single digits). However, margins are expected to face near-term pressure
CFRA Lowers View On Shares Of Chipotle Mexican Grill To Buy From Strong Buy Read Post »