⁠App Economy Insights
RT @EconomyApp: $NKE Nike Q1 FY25 (ending August 2024).

• Revenue -10% Y/Y to $12.6B ($50M miss).
• GAAP EPS $0.70 ($0.18 beat).
• Inventory -5% Y/Y to $8.3B.
• Wholesales -8% Y/Y to $6.4B.
• Direct sales -13% Y/Y to $4.7B.
• Elliott Hill returns as CEO on Oct 14. https://t.co/Ubz9YcqdKU
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⁠Librarian Capital
"1m people in England vape despite never having smoked regularly" (Guardian)

"Rates of e-cig. use among adults who had never regularly smoked were stable until 2021, when 1 in 200 ... were vapers. However, the proportion has increased sharply to 1 in 28 in 2024"

$BATS $IMB $PM https://t.co/B0WXh8anYn

One million people in England vape despite never having smoked regularly, study finds https://t.co/88tZlJz8Pv - Guardian news
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⁠Librarian Capital
Spirax $SPX investor day - FY outlook unchanged

Still expects MSD organic revenue growth
Adj. EBIT margin "broadly in line" with 20.0%

Current FX means extra 1% headwind on sales & EBIT https://t.co/zSq9vX3v95
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⁠Alex Bilzerian
John von Neumann talking shop with visiting scholars during afternoon tea (Institute for Advanced Study): https://t.co/XnlocJJstb
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⁠Hidden Value Gems
Quote of the day #100

#Investing
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⁠Hidden Value Gems
“Unsurprisingly, rumours about a merger with France’s Renault (which Stellantis denied in February) have resurfaced in the Italian press.” @FT

Would not be surprising, although this time there will be so much more politics (Italy vs France).

$STLA
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⁠Stock Analysis Compilation
Harding Loevner on HDFC Life $HDFCLIFE IN

Thesis: With strong synergies from its HDFC Bank merger and growing insurance penetration, HDFC Life presents a solid long-term growth opportunity.

(Extract from their Q2 letter) https://t.co/rBez96IyWI
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⁠Alex Bilzerian
Betting scores as a replacement for p-values: https://t.co/FL0bwp82EV
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⁠Librarian Capital
How compounding math can be counter-intuitive

Take a look at the return numbers below:
- More than doubling client money in 2020
- Then 2 years of losses, then 2 years of gains; the arithmetic sum of these 4 years is -7.6%

How much do you think the fund has made from 2020? https://t.co/nWmNin8bM9
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⁠Librarian Capital
US Spirits: NABCA Control States data - Aug-24
4 fewer trading days y/y

Volume (9L cases): -2.2%

Value (shelf $): -1.9%, incl:
Brandy/Cognac -10.6%
Cocktails +15.2%
Tequila +4.8%
Scotch -1.3% (volume +1.4%, NH gift card progam)

cc: $DGE $BF.B https://t.co/NiidUWuudW
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