Latest news with #sales
The Independent
an hour ago
- Business
- The Independent
Wetherspoons enjoys increased sales as Brits toast to summer
JD Wetherspoon reported a 5.1 per cent increase in like-for-like sales for the three months ending 20 July, with overall sales volumes now surpassing pre-pandemic levels. The pub group's strong performance was primarily driven by robust draught sales, particularly Guinness, which chairman Tim Martin highlighted as a standout performer. Favourable weather conditions during the period also boosted visitor numbers, allowing many Wetherspoon pubs to capitalise on their beer gardens. Despite anticipating a £60 million hit from higher labour costs and increased national insurance contributions, Wetherspoons expects to meet its profit forecasts for the year. Mr Martin earlier called on Prime Minister Sir Keir Starmer to equalise VAT on food for pubs and restaurants with supermarkets, arguing the current system disadvantages pubs.
Yahoo
2 hours ago
- Business
- Yahoo
Keurig Dr Pepper Q2 Volume Growth Obscured By Margin Cut, Currency Headwind
Keurig Dr Pepper Inc. (NASDAQ:KDP) shares are trading slightly lower on Thursday after the company reported second-quarter results. Keurig registered second quarter adjusted earnings per share of 49 cents, which aligns with the analyst consensus estimate. Quarterly sales of $4.16 billion (up 6.1% year over year) beat the Street view of $4.13 billion. Adjusted net income increased 10.5% to $673 million, while gross profit increased to $2.255 billion from $2.172 billion in the year-ago gross margin contracted to 55% from 56.1% in the year-ago period. On a constant currency basis, net sales advanced 7.2%, driven by volume/mix growth of 5.0% and favorable net price realization of 2.2%. The acquisition of GHOST contributed 4.0 percentage points to volume/mix growth. Adjusted operating income increased 7.0% to $1.028 billion. Adjusted operating margin remained flat on a year-over-year basis to 24.7%. View more earnings on KDP Net sales for the second quarter in the U.S. Refreshment Beverages increased 10.5% to $2.7 billion, U.S. Coffee decreased 0.2% to $0.9 billion, and International decreased 1.8% to $0.6 billion. 'Though the back half will present new challenges, we are on track to deliver our 2025 outlook and are confident in the long-term value creation ahead,' CEO Tim Cofer stated. Operating cash flow for the second quarter was $431 million, and free cash flow totaled $325 million. Keurig exited the quarter with cash and equivalents worth $509 million, Outlook The beverage giant reaffirmed its fiscal 2025 guidance for constant currency net sales growth in a mid-single-digit range and Adjusted diluted EPS growth in a high-single-digit range. At current rates, foreign currency translation is forecasted to approximate a one-half of one percentage point headwind to full year top and bottom-line growth. Price Action: KDP shares are trading lower by 0.50% to $33.30 at last check Thursday. Read Next:Photo by The Image Party via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Keurig Dr Pepper Q2 Volume Growth Obscured By Margin Cut, Currency Headwind originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
2 hours ago
- Business
- Yahoo
Canada's retail sector suffers May pullback amid auto weakness, trade strains
-- Canadian retail activity pulled back in May, with sales falling 1.1% to $69.2 billion, according to new data released by Statistics Canada. The decline followed a 0.3% gain in April and was driven by weak performance among motor vehicle and parts dealers, as well as ongoing trade-related pressures. Volume-adjusted sales, which strip out the effects of inflation, shrank by 1.4% in May after climbing 0.5% the month prior. Core retail sales, which exclude motor vehicle and parts dealers and gas stations, were mostly unchanged, after edging up 0.1% in April, suggesting a deceleration in consumer momentum. Motor vehicle and parts dealers recorded the steepest decline among major categories, tumbling 3.6% in May, following strong gains in both March and April. The subsector's downturn was led by a 4.6% drop in sales from new car dealers, marking their first monthly decrease since February, while auto parts and tire retailers rose 1.7%. Gasoline station and fuel vendor sales fell 1.4% in value and 2.1% in volume, continuing a three-month slide. Meanwhile, core retail subsectors posted a mixed performance, with building material and garden supply stores gaining 1.9% and health and personal care retailers up 0.7%, though food and beverage stores fell 1.2%, weighed down by a 2.9% drop at liquor outlets. The retail sector also continued to feel the strain of heightened trade tensions between Canada and the United States, with 32% of businesses surveyed in May reporting noticeable impacts, down from 36% in April, but still significant. According to Statistics Canada, the most common effects cited by respondents included higher input costs, shifting product demand, and increases in shipping and labor expenses. Regionally, retail sales declined in nine provinces, with Ontario posting the largest fall at 2.1%, led by weak auto sales. Nova Scotia was the only province to see a gain, up 0.3%, bolstered by stronger demand at building supply and garden equipment retailers. E-commerce mirrored the broader pullback, as online retail sales declined 1.7% to $4.3 billion in May, making up 6.2% of total retail trade, compared to 6.3% in April. In April, the sector had fared better, with overall retail sales rising 0.3% and growth reported in six out of nine subsectors. While official figures for June are not yet available, Statistics Canada's advance estimate suggests a rebound in the making, with a preliminary uptick of 1.6% projected. The agency noted, however, that this estimate is based on just over half of survey responses and will be revised as more comprehensive data becomes available. Related articles Canada's retail sector suffers May pullback amid auto weakness, trade strains Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia
Forbes
2 hours ago
- Automotive
- Forbes
Will Ford Motor Stock Rise On Approaching Earnings?
Photo by CHARLY TRIBALLEAU/AFP via Getty Images Ford Motor (NYSE:F) is scheduled to announce its earnings on Wednesday, July 30, 2025. The consensus predicts earnings of approximately $0.33 per share, a decrease from $0.47 per share in the same quarter last year, while revenues are expected to be around $43.93 billion, reflecting a 2% decline compared to the previous year. Ford has already disclosed its vehicle delivery figures for the U.S. for Q2, with sales increasing by 14.2% year-over-year to 612,095 units. This growth has been primarily fueled by robust demand for pickups such as the F-Series, Ranger, and Maverick, which collectively experienced a 15% surge. F-Series sales rose by 11.5% to 222,459 units – representing the best Q2 since 2019. An increased proportion of pickup sales, which are significantly more profitable than sedans, could assist in bolstering Ford's margins. The new tariffs on automobiles and components set by the Trump Administration may impact costs and profitability during the quarter. For context, Ford's competitor GM faced a $1.1 billion impact on its Q2 earnings due to the tariffs. Nevertheless, Ford may be in a more favorable position than many of its competitors, with an estimated 80% of its U.S. sales in 2024 derived from vehicles assembled domestically. The company boasts a current market capitalization of $44 billion. Revenue over the past twelve months reached $183 billion, and it achieved operational profitability, with operating profits of $4.3 billion and net income of $5.0 billion. Although much will depend on how results compare with consensus and expectations, comprehending historical trends might tip the odds in your favor if you are a trader driven by events. There are two approaches to achieve this: either understand the historical probabilities and position yourself before the earnings announcement, or assess the correlation between immediate and medium-term returns after earnings and adjust your positioning accordingly once the earnings are released. That being said, if you desire potential gains with lower volatility than individual stocks, the Trefis High Quality portfolio offers an alternative – having outperformed the S&P 500 and generated returns surpassing 91% since its inception. View earnings reaction history of all stocks Ford Motor's Historical Probability of Positive Post-Earnings Return Some insights on one-day (1D) post-earnings returns: Additional information regarding the observed 5-Day (5D) and 21-Day (21D) returns post earnings is summarized alongside the statistics in the table below. 5-Day (5D) and 21-Day (21D) returns post earnings Correlation Between 1D, 5D, and 21D Historical Returns A relatively lower-risk strategy (though not effective if the correlation is weak) is to evaluate the correlation between short-term and medium-term returns after earnings, identify a pair with the highest correlation, and execute the appropriate trade. For instance, if 1D and 5D exhibit the highest correlation, a trader could take a "long" position for the next 5 days if the 1D post-earnings return is positive. Here is some correlation data based on both 5-year and 3-year (more recent) histories. Please note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns. Correlation Between 1D, 5D, and 21D Historical Returns Learn more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (a combination of all 3: the S&P 500, S&P mid-cap, and Russell 2000), providing strong returns for investors. Additionally, if you want growth with a smoother ride than an individual stock like Ford Motor, consider the High Quality portfolio, which has outperformed the S&P and achieved >91% returns since its inception.
Yahoo
3 hours ago
- Business
- Yahoo
Honeywell Lifts Outlook As Transformation Picks Up Speed
Honeywell International Inc. (NASDAQ:HON) on Thursday reported second-quarter 2025 results that beat Wall Street expectations and raised its full-year earnings and sales outlook as it continues a sweeping portfolio transformation. The company posted adjusted earnings of $2.75 per share, topping analysts' estimates of $2.65. Revenue for the quarter rose 8% year over year to $10.35 billion, beating expectations of $10.02 billion. Net income on a GAAP basis was $2.45 per share, up 4% from the prior-year period. Also Read: Operating income rose 7% and segment profit increased 8% to $2.4 billion, led by strength in Building Automation and Defense and Space. Operating margin contracted 30 basis points to 20.4% and segment margin contracted 10 basis points to 22.9%. Operating cash flow was $1.3 billion, down 4% year over year, and free cash flow was $1.0 billion, down 9% year over year. Segment results were mixed. Aerospace Technologies generated $4.31 billion in sales, up 6% organically, though segment margins declined 170 basis points due to cost inflation and recent acquisitions. Building Automation posted $1.83 billion in sales with 8% organic growth and a 90 basis-point margin expansion. Industrial Automation reported $2.38 billion in sales, flat on an organic basis, as gains in sensing and smart energy were offset by declines in warehouse automation and productivity solutions. View more earnings on HON Energy and Sustainability Solutions recorded $1.84 billion in sales, up 6% organically, though segment margins contracted due to cost inflation and a customer settlement. The quarter also marked continued execution on Honeywell's portfolio restructuring. The company closed its $2.2 billion acquisition of Sundyne, announced the £1.8 billion acquisition of Johnson Matthey's Catalyst Technologies business, and completed the $1.3 billion sale of its personal protective equipment unit. It also initiated a strategic review of its Productivity Solutions and Services and Warehouse and Workflow Solutions segments. In February, Honeywell announced it would separate its Automation and Aerospace businesses. The Solstice Advanced Materials spin-off remains on track for the fourth quarter of 2025, with the full restructuring expected to be completed in the second half of 2026. 'With the announcement of our review of strategic alternatives for our Productivity Solutions and Services and Warehouse and Workflow Solutions businesses, this month also marked the conclusion of the in-depth portfolio review that I initiated early in my tenure as CEO to simplify and optimize Honeywell's businesses. As we prepare to separate into three industry-leading public companies, we are confident that our efforts to shape our portfolio have positioned Honeywell to deliver significant value for customers, employees, and shareholders,' commented Vimal Kapur, chairman and chief executive officer of Honeywell. Outlook 2025 Honeywell raised its full-year 2025 adjusted earnings guidance to $10.45 to $10.65 per share, up from its prior forecast of $10.20 to $10.50, versus the consensus of $10.40. The company also increased its full-year sales outlook to $40.8 billion and $41.3 billion, up from $39.6 billion to $40.5 billion, versus a consensus of $40.27 billion. Honeywell expects operating cash flow to be between $6.7 billion and $7.1 billion, and free cash flow between $5.4 billion and $5.8 billion. Excluding the Bombardier settlement, it forecasts 3% to 4% organic sales growth, slightly lower segment margins, and adjusted EPS growth of 1% to 3%. For the third quarter, Honeywell expects adjusted earnings of $2.50 to $2.60 per share, compared with the analysts' estimate of $2.54. GAAP earnings are projected to range from $2.30 to $2.40 per share. Sales are expected to be between $10 billion and $10.3 billion, versus the consensus of $10.02 billion. The updated forecast includes contributions from the Sundyne acquisition and the sale of its personal protective equipment business. Price Action: At last check Thursday, HON shares were trading lower by 3.04% to $232 premarket. Read Next:Photo by Piotr Swat via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? HONEYWELL INTL (HON): Free Stock Analysis Report This article Honeywell Lifts Outlook As Transformation Picks Up Speed originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
