⁠Librarian Capital
Domino's Pizza (UK) 24H1

Q2 comp. orders +0.6% y/y, w/ delivery +1.1%
Q2 reported orders +0.1% (delivery flat)

H1 comp. orders -0.1%, reported orders -0.9%
System sales +0.2%, revenue -1.8%
Underlying EBITDA +0.4%, EPS +3.2%

"To permanently roll out on Uber Eats"

$DOM -4.7% https://t.co/FLSbXipFbM
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⁠Librarian Capital
"X to remove likes/comments/reposts from replies"

Much like making "likes" invisible even to your friends, this reduces info available to each user and their ability to choose what content they consume

The platform wants you to read what it tells you to

Try the other place

NEWS: X to remove likes/comments/reposts from replies. https://t.co/WwdGq4GA2G - X Daily News
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⁠Librarian Capital
"This is the bad place!" https://t.co/zhnktXIPO7

Can't say this enough; Elon Musk's menace to democracy is intolerable. He's using the largest & most influential platform in the democratic world to stoke racial conflict and civil breakdown - in his own posts & what X promotes. Democracies can no longer ignore this. - Edward Luce
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⁠Finding Compounders
What is value investing all about anyway ? https://t.co/heXVIjyqGZ
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⁠Librarian Capital
Blue Whale * bought Philip Morris as top-10 holding
(* fund backed by $HL Peter Hargreaves)

$PM recently hit multi-year high, still +17% LTM

Blue Whale also bought back into $META in Dec-23

Buying at 52-wk high can be a valid move for "quality compounders", if sub-optimal https://t.co/warK62xxUc
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⁠Librarian Capital
Zoetis $ZTS 24Q2

Q2 Revenue +11% op. (+8% in $), incl:
- US Comp. Animal +13%, US Livestock +11%
- Int'l CA +12%, Int'l Livestock +8%
Adj. Net Income +18% op., +9% in $
(COS +3 ppt more than revenue in $; SG&A 3 ppt less)

H1 revenue +12% op. (+9% in $)
Adj. Net Income +7% in $ https://t.co/JiYTz45lJ3
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⁠Invest In Assets 📈
Analyze a competitive market using Porter's Five Forces: https://t.co/YKBscS7hNq
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