Latest news with #internationalsales
Yahoo
17-07-2025
- Business
- Yahoo
PepsiCo still has 'a lot of wood to chop': Q2 was 'not good'
PepsiCo (PEP) stock jumps after reporting stronger-than-expected earnings results, driven by international sales amid weakness in North America. RBC Capital Markets managing director Nik Modi joins Market Catalysts to examine the earnings print in the context of the challenging landscape the wider food and beverage industry faces. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. PepsiCo rising after topping second-quarter estimates and reiterating its full-year outlook. The maker of Lays and Gatorade citing strong international growth for the results. Joining me now is Nick Modi, RBC Capital Markets managing director. Nick, good to see you here. You got a sector perform on this one, price target of $146. Um, when you look at the volumes here, kind of, kind of lackluster, what do you think is going on with Pepsi? What is your sort of biggest takeaway? Yeah, I mean, look, this has been a general theme that's been going across the entire consumer goods space. Um, grocery inflation has outpaced wage growth, going back to when we got out of the pandemic. And I think that's made groceries literally less affordable in the eyes of the consumer. And so, in those circumstances, a consumer looks for value. Now, when you think about what's happened to a bag of potato chips or Doritos or any other salty snack, uh, for that matter, the prices have gone up quite a bit. Um, or there's product that's come out of the package. And, I think consumers have noticed, and so they're making choices. They're either going to private label, or they're maybe even going to protein forward snacks, just given uh, the rise of the interest in protein as we have an aging population, but also because of GLP1s. So I think all of that is contributing to Pepsi's volume weakness. Um, looks like they're starting to reinvest back into promotions and drive some, some improved volume. Uh, so sequentially it got better from the first quarter, but we still think they have a lot of wood to chop to, to get their, uh, business back to growth. Does the stock price reaction today, that 6% boost, does that make sense to you? Listen, I, the expectations were incredibly low coming into the quarter. Um, and, and that's a function of many other food companies having very disappointing results. General Mills, Smuckers, uh, uh, Conagra, for example. Um, so I think what's happening today is just a reaction to it being not as bad as everyone thought. But let's not kid ourselves, these were not good results uh, in, in an absolute sense. Um, and so we feel very comfortable with our sector perform at this point. And Nick, um, we've seen a lot of changes in the food industry in terms of, of remaking a various conglomerates, right? You know, sort of splitting up, spinning off brands, etc. Is, is that what Pepsi needs to do also? I don't think Pepsi necessarily needs to do that. I mean, I, I think a lot of Pepsi's issues are macro driven. Uh, I think there's some probably some strategic missteps they made around innovation. Um, and I think they need to expand their product portfolio to include other snacking substrates like cauliflower and edamame, uh, but also be more protein forward. So, I don't really think they need to have any massive corporate action um, like you're seeing with some of the other companies in the sector right now. Well, and you mentioned the macro. Um, you know, is it just tough to be in the snack business right now because of those trends, or is it just a matter of they're not leaning into some of the micro trends that, that you alluded to, the sort of quote-unquote healthier snacks or the protein forward snacks? I think it's a little bit of both, right? It's hard to quantify what structural versus cyclical, but I would say the cyclical element is very high uh, because it's not just Pepsi that's struggling. Almost all of my companies uh, across the entire consumer goods landscape are feeling volume pressure right now. Uh, so that's why I believe that this is a, a very big cyclical issue. Um, and so as we start getting into a better, more normalized consumer environment, whenever that comes, uh, I, I certainly think you'll see some volume improvement.
Yahoo
17-07-2025
- Business
- Yahoo
PepsiCo still has 'a lot of wood to chop': Q2 was 'not good'
PepsiCo (PEP) stock jumps after reporting stronger-than-expected earnings results, driven by international sales amid weakness in North America. RBC Capital Markets managing director Nik Modi joins Market Catalysts to examine the earnings print in the context of the challenging landscape the wider food and beverage industry faces. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. Sign in to access your portfolio
Yahoo
17-07-2025
- Business
- Yahoo
A weak dollar is boosting firms with high overseas sales. Goldman Sachs shares 13 stocks to take advantage of the trend.
A Goldman Sachs report shows firms with global sales are benefitting from teh US dollar decline. Trump's tariffs have weakened the US dollar, boosting foreign currency earnings for firms. Internationally-exposed companies outperform domestic-focused ones 11% to 4%, respectively. As President Donald Trump ramps up his global trade war, one might think that American companies that do ost of their business in the US would be the top beneficiaries, but a recent Goldman Sachs report reveals it's just the opposite. Thanks to the falling value of the US dollar relative to other major currencies due to Trump's tariffs, companies that do most of their sales outside of the US are getting a major boost. That's because when they sell their products in exchange for a foreign currency, that money is now worth more in dollar terms. Year-to-date, the US dollar index is down almost 9%. The impact on stock prices has been noticeable, Goldman found. So far this year, its basket of stocks with high international sales is outperforming its group with high domestic sales 11% to 4%, respectively. The basket of 50 internationally-exposed companies has a median share of overseas sales of 70%. The list has stocks from all 11 market sectors, though it's most heavily weighted toward information technology, which has 17 stocks. Below, we've compiled the 13 firms on the list that have at least 80% of their sales coming from other countries. Their sectors, total sales, and share of overseas sales are also included. Las Vegas Sands Ticker: LVS Sector: Consumer discretionary Sales: $11.2 billion Non-US sales: 100% Booking Holdings Ticker: BKNG Sector: Consumer discretionary Sales: $23.7 billion Non-US sales: 90% Philip Morris Ticker: PM Sector: Consumer staples Sales: $37.8 billion Non-US sales: 100% Schlumberger Ticker: SLB Sector: Energy Sales: $36 billion Non-US sales: 85% Monolithic Power Systems Ticker: MPWR Sector: Information technology Sales: $2.2 billion Non-US sales: 97% Lam Research Ticker: LRCX Sector: Information technology Sales: $14.9 billion Non-US sales: 93% NXP Semiconductors Ticker: LRCX Sector: Information technology Sales: $14.9 billion Non-US sales: 93% KLA Ticker: KLAC Sector: Information technology Sales: $9.8 billion Non-US sales: 89% Teradyne Ticker: TER Sector: Information technology Sales: $2.8 billion Non-US sales: 87% Applied Materials Ticker: AMAT Sector: Information technology Sales: $27.1 billion Non-US sales: 86% Jabil Ticker: JBL Sector: Information technology Sales: $28.8 billion Non-US sales: 83% ON Semiconductor Ticker: ON Sector: Information technology Sales: $7 billion Non-US sales: 82% Newmont Ticker: NEM Sector: Materials Sales: $18.6 billion Non-US sales: 100% Read the original article on Business Insider
Khaleej Times
11-07-2025
- Business
- Khaleej Times
AX CAPITAL partners with GFS Developments to lead global sales
AX CAPITAL and GFS Developments have announced a strategic partnership to lead the international sales strategy for select GFS projects. This significant alliance will focus on optimising global distribution channels for premium Dubai properties, including flagship projects like Coventry Gardens and Coventry 66. In an innovative shift away from multi-broker distribution models, this collaboration marks the beginning of a curated, brand-aligned property ecosystem that combines cutting-edge technology, regionally localised investment channels, and performance-focused sales. AX CAPITAL will serve as the preferred global sales and marketing partner for select GFS developments, enhancing the overall investor experience. The partnership will see AX CAPITAL handle the international sales and marketing of a select range of GFS developments across key global markets. These include Europe, the USA, Canada, Turkey, and South Asia. The alliance will leverage a tech-enabled, data-driven investor onboarding model, offering multilingual investment channels and legal pathways tailored to the needs of international investors. AX CAPITAL's new, dedicated investment desks will launch in cities including London, Frankfurt, Paris, Istanbul, and Mumbai, enhancing the global reach of GFS Developments. Additionally, co-branded international roadshows, integrated CRM systems, and advanced digital funnels will help streamline investor interactions and conversion tracking. The strategic use of VR walkthroughs, AI-driven onboarding, and ROI calculators by region will further revolutionise the investor experience. "At GFS, our mission has always been simple but bold: to create real estate that reflects global standards, local insights, and investor-first values," said Michael Collings, general manager of GFS Developments. "With AX's exceptional broker network and digital-first approach, and our deep development expertise and investor trust, we're not just creating a sales channel — we're creating a blueprint for how global real estate should be done in 2025 and beyond." With a focus on enhancing investor satisfaction, the partnership introduces advanced tools such as virtual reality walkthroughs and AI chat-based onboarding, as well as legal and ROI calculators tailored to regional investment preferences. The launch of digital investment dashboards will provide German and French investors with seamless access to property information and investment performance metrics. "At AX CAPITAL, we've always believed that trust is earned at the intersection of performance, transparency, and service," said David James Pugh, head of exclusive developments at AX CAPITAL. "This partnership is built on a shared vision: to take the Dubai real estate experience global, and to make it smarter, simpler, and more performance-driven for investors and brokers alike." The partnership also featured a special guest appearance by actor Nawazuddin Siddiqui, who added further prestige to the occasion. His presence emphasised the growing appeal of Dubai real estate among global investors and celebrities alike. Dubai's real estate market reached an all-time high of Dh400 billion in transactions in 2024, with European markets, particularly France and Germany, showing consistent year-over-year growth. The collaboration between AX CAPITAL and GFS Developments is designed to scale in response to this demand, positioning both companies to capture an increasing share of the lucrative European, Middle Eastern, and South Asian investor market. Investors from Europe, especially the UK, France, and Germany, continue to be among the most active participants in Dubai's property market, driven by strong returns and a growing interest in mid-market luxury communities. The partnership will offer tailored solutions for these investors through geo-localised services and multilingual support. In the coming months, AX CAPITAL and GFS Developments will embark on an international roadshow series beginning in July 2025, with events scheduled across the UAE, UK, and France. The roadshows will showcase the developments under the GFS-AX partnership, allowing investors from these regions to explore key projects in Dubai. Additionally, both companies will open the first-ever GFS x AX Investor Lounge in Dubai, an innovative space designed to enhance the investor experience with live project presentations, legal advisory services, and more.
