Latest news with #AlphaSense
Yahoo
a day ago
- Business
- Yahoo
Kenvue Leads S&P 500 Decliners as CEO Points to Seasonal Demand Challenges
Shares of Kenvue (KVUE) led S&P 500 decliners Tuesday after the consumer health giant's chief executive indicated the firm faces seasonal demand challenges. Speaking at Deutsche Bank's dbAccess Global Consumer Conference, Kenvue CEO Thibaut Mongon highlighted the importance of seasonality for its allergy products, like Benadryl and Zyrtec. "We saw a longer winter, so winter pushed spring into later in Q2," Mongon said, according to a transcript provided by AlphaSense. "So we see that on allergy where we saw a later start to the season, and so far, it's below last year." Mongon also noted similar seasonal troubles for its sun protection brands, like Neutrogena and Aveeno. "In sun, we see more or less the same. Late start to the season year-to-date behind last year, but the season has not really started for recreational sun, and Memorial Day weekend was just a few days ago," Mongon said. "It was not great, as you and I could see. But, again, we are just at the beginning of the season. So it's too early to read the season. It will certainly impact Q2." Kenvue shares were down more than 7% in recent trading. With today's sharp declines, the stock's year-to-date gains stand at less than 3%. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Walmart Stock Ticks Lower After Trump Says Retailer Should 'Eat the Tariffs'
Walmart should "eat the tariffs" rather than raise prices, President Donald Trump said in a recent Truth Social post. CEO Doug McMillon warned on the company's earnings call that profits could fall this year depending on the direction of trade policy. McMillon said "the reality of narrow retail margins" makes the tariffs, even at reduced levels, difficult to (WMT) shares slumped in early trading Monday after President Donald Trump said the retailer should absorb the cost of tariffs rather than pass it on to customers by raising prices. 'Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,' Trump said in a Saturday message on Truth Social. 'Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING. I'll be watching, and so will your customers!!!' Shares of Walmart slid about 2% before the opening bell. The stock is up about 9% in 2025. Trump's post came in response to Walmart CEO Doug McMillon warning that profits could fall this year depending on the direction of trade policy. 'Given the magnitude of the tariffs, even at the reduced levels announced this week, we aren't able to absorb all the pressure given the reality of narrow retail margins,' McMillon said during the company's earnings call Thursday, a transcript of which was made available by AlphaSense. McMIllion credited President Trump and Treasury Secretary Scott Bessent for 'progress' on lowering tariffs after the U.S. and China agreed to roll back import taxes for a period of 90 days. 'We will do our best to keep our prices as low as possible,' the CEO added. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Fiserv Stock Slumps as CFO Says Clover Growth Will Likely Remain Flat
Shares of Fiserv tumbled Thursday after CFO Robert Hau said growth of the company's Clover platform isn't likely to improve from last quarter. The point-of-sale platform saw 8% year-over-year volume growth in the first quarter, compared to 14% the period prior. Fiserv stock has lost more than one-quarter of its value since the company reported first-quarter results last of Fiserv (FI) tumbled Thursday after CFO Robert Hau said the company expects volume growth of its Clover point-of-sale system this quarter to remain roughly in line with its first-quarter results. The stock dropped over 16% in recent trading, making it the leading decliner on the S&P 500. Fiserv shares have fallen more than 27% since the company reported last month that first-quarter Clover volume grew 8% year-over-year, compared to 14% in the fourth quarter of 2024. Clover growth is expected to be 'generally similar' this quarter, Hau told attendees of a JPMorgan event Thursday, according to a transcript provided by AlphaSense. The CFO noted that some prior Clover volume growth was due to Fiserv's existing clients converting to the Clover gateway platform last year, which isn't repeatable. "So we had a gateway that was non-Clover for clients that we converted over to the Clover Gateway... that doesn't repeat this year," said Hau. This gateway headwind is expected to increase this quarter, Hau added. Hau's remarks come after Fiserv named former PNC President Michael Lyons as its new chief executive last week. Outgoing CEO Frank Bisignano joined the Trump administration as commissioner of the Social Security Administration following a Senate confirmation hearing. Read the original article on Investopedia
Yahoo
09-05-2025
- Business
- Yahoo
Monster Beverage Stock Trades at All-Time High on Strong April Sales
Monster Beverage said sales in April were "robust," sending shares to an all-time high. The energy drink maker sees April sales 17% higher than in 2024. The news offset a surprise drop in revenue, which the company blamed on a range of of Monster Beverage (MNST) rose to an all-time high Friday, a day after a positive outlook from the energy drink maker overcame a surprise drop in sales. Co-CEO Hilton Schlosberg said during the firm's earnings call that April "was a really robust month," according to an AlphaSense transcript. Co-CEO Rodney Sacks added the company estimates that on a foreign currency adjusted basis, last month's sales were nearly 17% higher than in April 2024, and 18% higher on a foreign currency adjusted basis, excluding the Alcohol Brands segment. Those comments offset Monster's first-quarter results, which Schlosberg noted were "impacted by a number of headwinds." Revenue slid more than 2% to $1.85 billion, while analysts surveyed by Visible Alpha were looking for an increase to $1.98 billion. Earnings per share (EPS) of $0.45 was one cent below forecasts. The company said the sales decline was caused by "bottler/distributor ordering patterns in the United States and EMEA, adverse changes in foreign currency exchange rates, decreased sales in the Alcohol Brands segment, adverse weather, one less selling day in the 2025 first quarter, as well as uncertain economic conditions." In sales by segment, Monster Energy Drinks slipped almost 1% to $1.72 billion, Strategic Brands lost 9% to $98.3 million, and Alcohol Brands plunged 38% to $34.7 million. The unit known as Other, which primarily consists of its American Fruits and Flavors subsidiary, showed a sales gain of 8% to $6.0 million. Monster Beverage shares were up 2% to $61.34 in recent trading after earlier hitting a record $61.83. They have increased about 17% this year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
McDonald's Says Middle-Income Americans Are Feeling Squeezed Now Too
Low-income consumers have been visiting U.S. McDonald's less frequently for some time, but traffic is now also down among middle-income customers, executives said. McDonald's has posted a nearly double-digit decline in traffic from both income groups, the company said Thursday in reporting its latest earnings. The burger chain will continue offering $5 value meal deals for the rest of 2025 in a bid to bring back customers on a (MCD) traffic has dropped as economic pressure spreads from low- to middle-income consumers, executives said Thursday. Weak consumer confidence dragged down business more than anticipated, executives at the fast-food giant said during a quarterly conference call Thursday. Low-income Americans have been visiting restaurants less for a while, CFO Ian Borden said, but traffic among middle-income households was down nearly double digits in the first quarter compared with the same period last year. Inflation, high interest rates and other economic pressures have been weighing on lower-income consumers, Borden said, according to a transcript made available by AlphaSense. "That's spilling over into middle-income consumers right now," he added. Comparable sales at U.S. McDonald's locations fell 3.6% year-over-year in the quarter ended March 31, declining more than analysts expected. The burger giant also missed revenue estimates, reporting $5.96 billion in sales that marked a 3% year-over-year decline. Fewer morning visits, in particular, may be a bellwether, CEO Chris Kempczinski said. "You're seeing people are choosing either to skip breakfast or they're choosing to eat at home,' he said, according to the transcript. To appeal to those on a budget, McDonald's will continue offering value meal deals for as little as $5 for the rest of 2025, Borden said. McDonald's draws a larger share of low-income and middle-income diners than some others in the industry, according to Borden. McDonald's shares fell nearly 2% on Thursday. In the last year, they have gained about 14%. Read the original article on Investopedia Sign in to access your portfolio
