Offshore
Photo
Wall St Engine
S&P 500 Closing Bell Heatmap (May 29, 2025)
$SPY +0.38% 🟩
$QQQ +0.20% 🟩
$DJI +0.28% 🟩
$IWM +0.30% 🟩
tweet
S&P 500 Closing Bell Heatmap (May 29, 2025)
$SPY +0.38% 🟩
$QQQ +0.20% 🟩
$DJI +0.28% 🟩
$IWM +0.30% 🟩
S&P 500 Opening Bell Heatmap (May 29, 2025)
$SPY +0.89% 🟩
$QQQ +1.36% 🟩
$DJI +0.15% 🟩
$IWM +0.64% 🟩 tweet
Wall St Engine
$NTAP | NetApp Q4 Earnings Highlights
🔹 Adj. EPS: $1.93 (Est. $1.89) 🟢; +7% YoY
🔹 Revenue: $1.73B (Est. $1.72B) 🟢; +4% YoY
🔹 All-Flash ARR: $4.1B; +14% YoY
🔹 Public Cloud Rev: $164M; +8% YoY
Q1 Guide:
🔹 Adj. EPS: $1.48–$1.58 (Est. $1.66) 🔴
🔹 Revenue: $1.46B–$1.61B (Est. $1.60B) 🟡
🔹 Gross Margin (Non-GAAP): 71%–72%
🔹 Op. Margin (Non-GAAP): 25%–26%
FY26 Guidance:
🔹 Revenue: $6.625B–$6.875B
🔹 Adj. EPS: $7.60–$7.90
🔹 Gross Margin (Non-GAAP): 71%–72%
🔹 Op. Margin (Non-GAAP): 28.8%–29.8%
Other Key Q1 Metrics:
🔹 Gross Profit (Non-GAAP): $1.20B; Record
🔹 Op. Income (Non-GAAP): $496M; Record
🔹 Cash from Ops: $675M (vs. $613M YoY)
Dividend Update:
🔸 Next dividend: $0.52/share, payable July 23, 2025
Strategic & Product Highlights:
🔸 Innovation: New ASA/FAS50 storage arrays, EF portfolio QLC support, BlueXP AI tools, AI/ML data vaulting, ransomware protection, Trident 25.02 for Kubernetes
🔸 Cloud Focus: Exited Spot by NetApp; stronger Microsoft & Google Cloud integrations
🔸 AI Leadership: Validated by NVIDIA for DGX SuperPOD; integrated with NVIDIA AI Data Platform
🔸 NFL Partnership: Named Official Intelligent Data Infrastructure Partner
Executive & Recognition:
🔸 New Appointments:
• Frank Pelzer to Board
• Beth O’Callahan as Chief Administrative Officer
🔸 Awards:
• Google Cloud Infra Partner of the Year
• Gartner Peer Insights: Customers’ Choice
• CRN: Top AI, Storage, Data Center & Partner Awards
tweet
$NTAP | NetApp Q4 Earnings Highlights
🔹 Adj. EPS: $1.93 (Est. $1.89) 🟢; +7% YoY
🔹 Revenue: $1.73B (Est. $1.72B) 🟢; +4% YoY
🔹 All-Flash ARR: $4.1B; +14% YoY
🔹 Public Cloud Rev: $164M; +8% YoY
Q1 Guide:
🔹 Adj. EPS: $1.48–$1.58 (Est. $1.66) 🔴
🔹 Revenue: $1.46B–$1.61B (Est. $1.60B) 🟡
🔹 Gross Margin (Non-GAAP): 71%–72%
🔹 Op. Margin (Non-GAAP): 25%–26%
FY26 Guidance:
🔹 Revenue: $6.625B–$6.875B
🔹 Adj. EPS: $7.60–$7.90
🔹 Gross Margin (Non-GAAP): 71%–72%
🔹 Op. Margin (Non-GAAP): 28.8%–29.8%
Other Key Q1 Metrics:
🔹 Gross Profit (Non-GAAP): $1.20B; Record
🔹 Op. Income (Non-GAAP): $496M; Record
🔹 Cash from Ops: $675M (vs. $613M YoY)
Dividend Update:
🔸 Next dividend: $0.52/share, payable July 23, 2025
Strategic & Product Highlights:
🔸 Innovation: New ASA/FAS50 storage arrays, EF portfolio QLC support, BlueXP AI tools, AI/ML data vaulting, ransomware protection, Trident 25.02 for Kubernetes
🔸 Cloud Focus: Exited Spot by NetApp; stronger Microsoft & Google Cloud integrations
🔸 AI Leadership: Validated by NVIDIA for DGX SuperPOD; integrated with NVIDIA AI Data Platform
🔸 NFL Partnership: Named Official Intelligent Data Infrastructure Partner
Executive & Recognition:
🔸 New Appointments:
• Frank Pelzer to Board
• Beth O’Callahan as Chief Administrative Officer
🔸 Awards:
• Google Cloud Infra Partner of the Year
• Gartner Peer Insights: Customers’ Choice
• CRN: Top AI, Storage, Data Center & Partner Awards
tweet
Wall St Engine
$DELL Q1 Earnings Highlights
🔹 Revenue: $23.38B (Est. $23.14B) 🟢; +5% YoY
🔹 Adj. EPS: $1.55 (Est. $1.69) 🔴; +17% YoY
🔸 AI Server Demand: $12.1B in AI orders this quarter alone; $14.4B AI backlog
Q2 Guidance:
🔹 Revenue: $28.5B–$29.5B (Est. $25.35B) 🟢
🔹 Adj. EPS: ~$2.25 (Est. $2.09) 🟢
🔹 GAAP EPS: ~$1.85
FY Guidance:
🔹 Revenue: $101B–$105B (Est. $103B midpoint) 🟡
🔹 Adj. EPS: ~$9.40 (Est. $9.20) 🟢
🔹 GAAP EPS: ~$7.99
Q1 Segment Highlights:
🔸 ISG Revenue: $10.3B; +12% YoY
🔹 Servers & Networking: $6.3B; +16% YoY
🔹 Storage: $4.0B; +6% YoY
🔸 ISG Operating Income: $998M; +36% YoY
🔸 CSG Revenue: $12.5B; +5% YoY
🔹 Commercial: $11.0B; +9% YoY
🔹 Consumer: $1.5B; −19% YoY
🔸 CSG Operating Income: $653M; −16% YoY
Other Key Q1 Metrics:
🔹 Record Cash Flow from Ops: $2.80B; +168% YoY
🔹 Adj. Free Cash Flow: $2.23B; +258% YoY
🔹 Capital Return: $2.4B to shareholders (buybacks + dividends)
🔸 Server/Networking Revenue: Record quarter
tweet
$DELL Q1 Earnings Highlights
🔹 Revenue: $23.38B (Est. $23.14B) 🟢; +5% YoY
🔹 Adj. EPS: $1.55 (Est. $1.69) 🔴; +17% YoY
🔸 AI Server Demand: $12.1B in AI orders this quarter alone; $14.4B AI backlog
Q2 Guidance:
🔹 Revenue: $28.5B–$29.5B (Est. $25.35B) 🟢
🔹 Adj. EPS: ~$2.25 (Est. $2.09) 🟢
🔹 GAAP EPS: ~$1.85
FY Guidance:
🔹 Revenue: $101B–$105B (Est. $103B midpoint) 🟡
🔹 Adj. EPS: ~$9.40 (Est. $9.20) 🟢
🔹 GAAP EPS: ~$7.99
Q1 Segment Highlights:
🔸 ISG Revenue: $10.3B; +12% YoY
🔹 Servers & Networking: $6.3B; +16% YoY
🔹 Storage: $4.0B; +6% YoY
🔸 ISG Operating Income: $998M; +36% YoY
🔸 CSG Revenue: $12.5B; +5% YoY
🔹 Commercial: $11.0B; +9% YoY
🔹 Consumer: $1.5B; −19% YoY
🔸 CSG Operating Income: $653M; −16% YoY
Other Key Q1 Metrics:
🔹 Record Cash Flow from Ops: $2.80B; +168% YoY
🔹 Adj. Free Cash Flow: $2.23B; +258% YoY
🔹 Capital Return: $2.4B to shareholders (buybacks + dividends)
🔸 Server/Networking Revenue: Record quarter
tweet
Wall St Engine
$ZS | Zscaler Q3 Earnings Highlights
🔹 Revenue: $678.0M (Est. $666.4M) 🟢; +23% YoY
🔹 Adj. EPS: $0.84 (Est. $0.75) 🟢; +18% YoY
🔹 Billings: $784.5M; +25% YoY
🔹 Deferred Revenue: $1.99B; +26% YoY
🔹 Adj. Net Income: $136.8M (Est. $123.9M) 🟢
🔹 Cash from Ops: $211.1M; +22% YoY
🔹 Free Cash Flow: $119.5M (vs. $123.1M YoY)
🔹 Cash + ST Investments: $3.01B; +$596M from FY start
Q4;25 Guidance:
🔹 Revenue: $705M–$707M
🔹 Adj. Operating Income: $152M–$154M
🔹 Adj. EPS: $0.79–$0.80
FY25 Guidance:
🔹 Revenue: $2.659B–$2.661B
🔹 Billings: $3.184B–$3.189B
🔹 Adj. Operating Income: $573M–$575M
🔹 Adj. EPS: $3.18–$3.19
🔹 Diluted Share Count Assumption: ~163–164M
🔹 Non-GAAP Tax Rate: 23% (new methodology)
Strategic & Product Highlights:
🔸 Appointed Kevin Rubin as CFO and Raj Judge as EVP of Strategy & Board Member
🔸 Announced acquisition of Red Canary, enhancing AI-powered MDR capabilities
🔸 Leader in Gartner Magic Quadrant for SSE (4th year in a row)
🔸 Recognized in IDC DLP MarketScape
🔸 Launched Zscaler Asset Exposure Management (CTEM platform foundation)
🔸 Published AI Security, VPN Risk, and Phishing reports via ThreatLabz
🔸 T-Mobile adopted Zscaler Zero Trust Exchange for secure hybrid workforce
🔸 Zscaler now available on AWS Marketplace for U.S. Intelligence Community
tweet
$ZS | Zscaler Q3 Earnings Highlights
🔹 Revenue: $678.0M (Est. $666.4M) 🟢; +23% YoY
🔹 Adj. EPS: $0.84 (Est. $0.75) 🟢; +18% YoY
🔹 Billings: $784.5M; +25% YoY
🔹 Deferred Revenue: $1.99B; +26% YoY
🔹 Adj. Net Income: $136.8M (Est. $123.9M) 🟢
🔹 Cash from Ops: $211.1M; +22% YoY
🔹 Free Cash Flow: $119.5M (vs. $123.1M YoY)
🔹 Cash + ST Investments: $3.01B; +$596M from FY start
Q4;25 Guidance:
🔹 Revenue: $705M–$707M
🔹 Adj. Operating Income: $152M–$154M
🔹 Adj. EPS: $0.79–$0.80
FY25 Guidance:
🔹 Revenue: $2.659B–$2.661B
🔹 Billings: $3.184B–$3.189B
🔹 Adj. Operating Income: $573M–$575M
🔹 Adj. EPS: $3.18–$3.19
🔹 Diluted Share Count Assumption: ~163–164M
🔹 Non-GAAP Tax Rate: 23% (new methodology)
Strategic & Product Highlights:
🔸 Appointed Kevin Rubin as CFO and Raj Judge as EVP of Strategy & Board Member
🔸 Announced acquisition of Red Canary, enhancing AI-powered MDR capabilities
🔸 Leader in Gartner Magic Quadrant for SSE (4th year in a row)
🔸 Recognized in IDC DLP MarketScape
🔸 Launched Zscaler Asset Exposure Management (CTEM platform foundation)
🔸 Published AI Security, VPN Risk, and Phishing reports via ThreatLabz
🔸 T-Mobile adopted Zscaler Zero Trust Exchange for secure hybrid workforce
🔸 Zscaler now available on AWS Marketplace for U.S. Intelligence Community
tweet
Offshore
Photo
Wall St Engine
RT @wallstengine: We’ll see if the court ruling holds, but for now, markets are dialing back recession odds—now down to 38%. Expectations for the Fed’s 2025 terminal rate cut are still sitting below 25bps. https://t.co/VsooOMDck6
tweet
RT @wallstengine: We’ll see if the court ruling holds, but for now, markets are dialing back recession odds—now down to 38%. Expectations for the Fed’s 2025 terminal rate cut are still sitting below 25bps. https://t.co/VsooOMDck6
tweet
Wall St Engine
$MRVL | Marvell Q1 Earnings Highlights
🔹 Revenue: $1.90B (Est. $1.88B) 🟢; +63% YoY
🔹 Adj. EPS: $0.62 (Est. $0.61) 🟢
Q2 Guidance:
🔹 Revenue: ~$2.00B (Est. $1.98B) 🟢
🔹 Adj. EPS: ~$0.67 ± $0.05 (Est. $0.67)
🔹 Non-GAAP Gross Margin: 59%–60%
🔹 Diluted Share Count: ~874M
Strategic Commentary:
🔸 CEO Matt Murphy: “Custom silicon programs and electro-optics products are driving AI-led growth in the data center segment.”
🔸 Marvell to host a Custom AI Investor Event on June 17, highlighting its expanding AI platform and market share goals.
🔸 Positioned to lead in the shift toward custom AI infrastructure.
tweet
$MRVL | Marvell Q1 Earnings Highlights
🔹 Revenue: $1.90B (Est. $1.88B) 🟢; +63% YoY
🔹 Adj. EPS: $0.62 (Est. $0.61) 🟢
Q2 Guidance:
🔹 Revenue: ~$2.00B (Est. $1.98B) 🟢
🔹 Adj. EPS: ~$0.67 ± $0.05 (Est. $0.67)
🔹 Non-GAAP Gross Margin: 59%–60%
🔹 Diluted Share Count: ~874M
Strategic Commentary:
🔸 CEO Matt Murphy: “Custom silicon programs and electro-optics products are driving AI-led growth in the data center segment.”
🔸 Marvell to host a Custom AI Investor Event on June 17, highlighting its expanding AI platform and market share goals.
🔸 Positioned to lead in the shift toward custom AI infrastructure.
tweet
Wall St Engine
$PATH | UiPath Q1 Earnings Highlights
🔹 Revenue: $356.6M (Est. $332.8M) 🟢 +6% YoY
🔹 Adj. EPS: $0.11 (Est. $0.10) 🟢
🔹 ARR: $1.693B; +12% YoY; Net New ARR: $27M
🔹 Dollar-Based Net Retention: 108%
Q2 Guidance:
🔹 Revenue: $345M–$350M (Est. $331.8M) 🟢
🔹 ARR (as of July 31): $1.715B–$1.720B
🔹 Non-GAAP Op. Income: ~$40M
FY26 Guidance:
🔹 Revenue: $1.549B–$1.554B (Est. $1.523B) 🟢
🔹 ARR (as of Jan 31, 2026): $1.820B–$1.825B
🔹 Non-GAAP Op. Income: ~$305M
Other Key Q1 Metrics:
🔹 Cash Flow from Ops: $119M
🔹 Free Cash Flow: $117M
🔹 Cash & Equivalents: $1.59B
Strategic Commentary & Business Highlights:
🔸 CEO: “Strong start to FY26 with better-than-expected top & bottom line. Confident in product roadmap and execution.”
🔸 Launched Agentic Automation Platform: Unifies AI agents, robots, and humans in a single system.
🔸 Debuted Test Cloud: AI-powered platform for full-cycle software testing.
🔸 Enhanced Microsoft Copilot integration through UiPath Maestro.
🔸 Named Leader in IDC MarketScape for Business Automation Platforms and Everest Group’s IDP Assessment.
🔸 Announced Google Cloud AI partnership: Deployed medical record summarization agents using Gemini 2.0 Flash via Vertex AI.
tweet
$PATH | UiPath Q1 Earnings Highlights
🔹 Revenue: $356.6M (Est. $332.8M) 🟢 +6% YoY
🔹 Adj. EPS: $0.11 (Est. $0.10) 🟢
🔹 ARR: $1.693B; +12% YoY; Net New ARR: $27M
🔹 Dollar-Based Net Retention: 108%
Q2 Guidance:
🔹 Revenue: $345M–$350M (Est. $331.8M) 🟢
🔹 ARR (as of July 31): $1.715B–$1.720B
🔹 Non-GAAP Op. Income: ~$40M
FY26 Guidance:
🔹 Revenue: $1.549B–$1.554B (Est. $1.523B) 🟢
🔹 ARR (as of Jan 31, 2026): $1.820B–$1.825B
🔹 Non-GAAP Op. Income: ~$305M
Other Key Q1 Metrics:
🔹 Cash Flow from Ops: $119M
🔹 Free Cash Flow: $117M
🔹 Cash & Equivalents: $1.59B
Strategic Commentary & Business Highlights:
🔸 CEO: “Strong start to FY26 with better-than-expected top & bottom line. Confident in product roadmap and execution.”
🔸 Launched Agentic Automation Platform: Unifies AI agents, robots, and humans in a single system.
🔸 Debuted Test Cloud: AI-powered platform for full-cycle software testing.
🔸 Enhanced Microsoft Copilot integration through UiPath Maestro.
🔸 Named Leader in IDC MarketScape for Business Automation Platforms and Everest Group’s IDP Assessment.
🔸 Announced Google Cloud AI partnership: Deployed medical record summarization agents using Gemini 2.0 Flash via Vertex AI.
tweet
Offshore
Photo
Dimitry Nakhla | Babylon Capital®
The S&P 500 $SPY just turned positive YTD
At one point $SPY entered a bear market and was down -21%
Here are 10 quality stocks that are up substantially more than the market YTD & their latest forward multiples 🧵 https://t.co/HW0hh04KOr
tweet
The S&P 500 $SPY just turned positive YTD
At one point $SPY entered a bear market and was down -21%
Here are 10 quality stocks that are up substantially more than the market YTD & their latest forward multiples 🧵 https://t.co/HW0hh04KOr
tweet
Wall St Engine
$ULTA Beauty Q1 Earnings Highlights
🔹 Revenue: $2.85B (Est. $2.79B) 🟢 +4.5% YoY
🔹 EPS: $6.70 (Est. $5.75) 🟢
🔹 Comparable Sales: +2.9% (vs. +1.6% YoY)
🔹 Gross Margin: 39.1% (vs. 39.2% YoY)
🔹 Inventory: $2.1B (+11.3% YoY)
FY25 Guidance
🔹 Revenue: $11.5B–$11.7B (Prior: $11.5B–$11.6B | Est. $11.58B) 😐
🔹 EPS: $22.65–$23.20 (Prior: $22.50–$22.90 | Est. $24.07) 🔴
🔹 Comparable Sales: 0% to +1.5% (Prior: 0% to +1%)
🔹 Operating Margin: 11.7%–11.8% (No change)
🔹 Share Repurchases: ~$900M (No change)
🔹 New Stores: ~60 | Remodels/Relocations: 40–45
🔹 CapEx: $425M–$500M
🔹 Tax Rate: ~24.5%
🔹 Depreciation/Amortization: $290M–$300M
Other Key Q1 Metrics:
🔹 Operating Margin: 14.1% (vs. 14.7% YoY)
🔹 Net Income: $305.1M (vs. $313.1M YoY)
🔹 SG&A Expenses: $710.6M (Up +6.7% YoY)
🔹 Store Footprint: 6 net new stores opened; now 1,451 total
🔹 Share Buybacks: $358.7M repurchased in Q1
🔹 Cash & Equivalents: $454.6M
Management Commentary
🔸 CEO: “Encouraging start to FY25 driven by the success of our Ulta Beauty Unleashed plan. However, outlook reflects consumer demand uncertainty. We remain focused and agile.”
tweet
$ULTA Beauty Q1 Earnings Highlights
🔹 Revenue: $2.85B (Est. $2.79B) 🟢 +4.5% YoY
🔹 EPS: $6.70 (Est. $5.75) 🟢
🔹 Comparable Sales: +2.9% (vs. +1.6% YoY)
🔹 Gross Margin: 39.1% (vs. 39.2% YoY)
🔹 Inventory: $2.1B (+11.3% YoY)
FY25 Guidance
🔹 Revenue: $11.5B–$11.7B (Prior: $11.5B–$11.6B | Est. $11.58B) 😐
🔹 EPS: $22.65–$23.20 (Prior: $22.50–$22.90 | Est. $24.07) 🔴
🔹 Comparable Sales: 0% to +1.5% (Prior: 0% to +1%)
🔹 Operating Margin: 11.7%–11.8% (No change)
🔹 Share Repurchases: ~$900M (No change)
🔹 New Stores: ~60 | Remodels/Relocations: 40–45
🔹 CapEx: $425M–$500M
🔹 Tax Rate: ~24.5%
🔹 Depreciation/Amortization: $290M–$300M
Other Key Q1 Metrics:
🔹 Operating Margin: 14.1% (vs. 14.7% YoY)
🔹 Net Income: $305.1M (vs. $313.1M YoY)
🔹 SG&A Expenses: $710.6M (Up +6.7% YoY)
🔹 Store Footprint: 6 net new stores opened; now 1,451 total
🔹 Share Buybacks: $358.7M repurchased in Q1
🔹 Cash & Equivalents: $454.6M
Management Commentary
🔸 CEO: “Encouraging start to FY25 driven by the success of our Ulta Beauty Unleashed plan. However, outlook reflects consumer demand uncertainty. We remain focused and agile.”
tweet
Wall St Engine
$GAP Q1 Earnings Highlights
🔹 Revenue: $3.5B (Est. $3.42B) 🟢 +2% YoY
🔹 EPS: $0.51 (Est. $0.45) 🟢
🔹 Comparable Sales: +2% (Est. +1.6%) 🟢
Tariff Impact:
🔸 Minimal in Q2.
🔸 FY gross impact of $250M–$300M if tariffs stay; after mitigation, net ~$100M–$150M weighted to H2.
FY Outlook
🔹 Revenue: +1% to +2% (vs. $15.1B in FY24)
🔹 Operating Income: +8% to +10% (vs. $1.1B in FY24)
🔹 Net Interest Income: ~$15M
🔹 Effective Tax Rate: ~26%
🔹 CapEx: ~$600M
🔹 Net Store Closures: ~35
Q2 Outlook
🔹 Revenue: Flat YoY
🔹 Gross Margin: Similar to Q1 (41.8%)
🔹 Operating Expense (% of Sales): Slight leverage YoY
Brand-Level Comparable Sales (Q1 FY25)
🔹 Old Navy: +3% (9th straight quarter of share gains)
🔹 Gap: +5% (6th straight positive comps, 8th quarter share gain)
🔹 Banana Republic: Flat (Net sales -3%)
🔹 Athleta: -8% (Net sales -6%)
Other Q1 Metrics:
🔹 Gross Margin: 41.8% (+60 bps YoY)=
🔹 Online Sales: +6% YoY; 39% of total sales
🔹 Store Sales: Flat YoY; 2,496 company-operated out of ~3,500 total stores=
🔹 Inventory: $2.1B (+7% YoY)
🔹 Cash & Short-Term Investments: $2.2B (+28% YoY)
🔹 Free Cash Flow: -$223M
🔹 Shareholder Return: $131M via dividends and buybacks
🔹 Shares Repurchased: 4M for $70M
🔹 Dividend: $0.165/share approved for Q2
CEO Commentary
🔸 "Exceeded expectations. Positive comps for the 5th straight quarter. Brand reinvigoration is working. Staying focused on controllables for long-term growth." – Richard Dickson, CEO
tweet
$GAP Q1 Earnings Highlights
🔹 Revenue: $3.5B (Est. $3.42B) 🟢 +2% YoY
🔹 EPS: $0.51 (Est. $0.45) 🟢
🔹 Comparable Sales: +2% (Est. +1.6%) 🟢
Tariff Impact:
🔸 Minimal in Q2.
🔸 FY gross impact of $250M–$300M if tariffs stay; after mitigation, net ~$100M–$150M weighted to H2.
FY Outlook
🔹 Revenue: +1% to +2% (vs. $15.1B in FY24)
🔹 Operating Income: +8% to +10% (vs. $1.1B in FY24)
🔹 Net Interest Income: ~$15M
🔹 Effective Tax Rate: ~26%
🔹 CapEx: ~$600M
🔹 Net Store Closures: ~35
Q2 Outlook
🔹 Revenue: Flat YoY
🔹 Gross Margin: Similar to Q1 (41.8%)
🔹 Operating Expense (% of Sales): Slight leverage YoY
Brand-Level Comparable Sales (Q1 FY25)
🔹 Old Navy: +3% (9th straight quarter of share gains)
🔹 Gap: +5% (6th straight positive comps, 8th quarter share gain)
🔹 Banana Republic: Flat (Net sales -3%)
🔹 Athleta: -8% (Net sales -6%)
Other Q1 Metrics:
🔹 Gross Margin: 41.8% (+60 bps YoY)=
🔹 Online Sales: +6% YoY; 39% of total sales
🔹 Store Sales: Flat YoY; 2,496 company-operated out of ~3,500 total stores=
🔹 Inventory: $2.1B (+7% YoY)
🔹 Cash & Short-Term Investments: $2.2B (+28% YoY)
🔹 Free Cash Flow: -$223M
🔹 Shareholder Return: $131M via dividends and buybacks
🔹 Shares Repurchased: 4M for $70M
🔹 Dividend: $0.165/share approved for Q2
CEO Commentary
🔸 "Exceeded expectations. Positive comps for the 5th straight quarter. Brand reinvigoration is working. Staying focused on controllables for long-term growth." – Richard Dickson, CEO
tweet
Wall St Engine
$COST | Costco Q3 Earnings Highlights
🔹 EPS: $4.28 (Est. $4.25) 🟢
🔹 Revenue: $61.96B (Est. $63.13B) 🔴
🔹 Total Co.: +5.7% (Est. +5.58%) 🟢 | ex-gas & FX: +8.0% (Est. +6.99%) 🟢
🔹 Net Income: $1.90B (vs. $1.68B YoY)
🔹 Gross Margin: 11.3% (flat YoY)
🔹 Membership Fee Revenue: $1.24B (vs. $1.12B YoY)
🔹 Total Revenue (incl. Membership): $63.21B (+8.0% YoY)
Comparable Sales (YoY):
🔹 U.S.: +6.6% | ex-gas & FX: +7.9%
🔹 Canada: +2.9% | ex-gas & FX: +7.8%
🔹 Other Int'l: +3.2% | ex-gas & FX: +8.5%
🔹 E-commerce: +14.8% | ex-gas & FX: +15.7%
Operations:
🔹 Warehouse count: 905 globally
🔹 U.S. & Puerto Rico: 624 | Canada: 109 | China: 7
🔹 E-commerce operating in 8 countries including U.S., Canada, UK, and Japan
tweet
$COST | Costco Q3 Earnings Highlights
🔹 EPS: $4.28 (Est. $4.25) 🟢
🔹 Revenue: $61.96B (Est. $63.13B) 🔴
🔹 Total Co.: +5.7% (Est. +5.58%) 🟢 | ex-gas & FX: +8.0% (Est. +6.99%) 🟢
🔹 Net Income: $1.90B (vs. $1.68B YoY)
🔹 Gross Margin: 11.3% (flat YoY)
🔹 Membership Fee Revenue: $1.24B (vs. $1.12B YoY)
🔹 Total Revenue (incl. Membership): $63.21B (+8.0% YoY)
Comparable Sales (YoY):
🔹 U.S.: +6.6% | ex-gas & FX: +7.9%
🔹 Canada: +2.9% | ex-gas & FX: +7.8%
🔹 Other Int'l: +3.2% | ex-gas & FX: +8.5%
🔹 E-commerce: +14.8% | ex-gas & FX: +15.7%
Operations:
🔹 Warehouse count: 905 globally
🔹 U.S. & Puerto Rico: 624 | Canada: 109 | China: 7
🔹 E-commerce operating in 8 countries including U.S., Canada, UK, and Japan
tweet
Offshore
Photo
App Economy Insights
$COST Costco Q3 FY25.
• Revenue +9% Y/Y to $63.2B ($0.1B beat).
• EPS $4.28 ($0.05 beat).
• 905 warehouses (+27 Y/Y, +8 Q/Q).
Comparable sales Y/Y (adjusted):
• US +7.9%.
• Company +8.0%.
• E-commerce +15.7%. https://t.co/uAv1HG4xAa
tweet
$COST Costco Q3 FY25.
• Revenue +9% Y/Y to $63.2B ($0.1B beat).
• EPS $4.28 ($0.05 beat).
• 905 warehouses (+27 Y/Y, +8 Q/Q).
Comparable sales Y/Y (adjusted):
• US +7.9%.
• Company +8.0%.
• E-commerce +15.7%. https://t.co/uAv1HG4xAa
tweet
Wall St Engine
The DOJ is asking a Texas judge to dismiss the criminal fraud case against Boeing $BA tied to the 737 MAX crashes. The move would let Boeing avoid prosecution in exchange for over $1.1B in fines and reforms. Families of crash victims are opposing the deal. Trial was set for June 23.
tweet
The DOJ is asking a Texas judge to dismiss the criminal fraud case against Boeing $BA tied to the 737 MAX crashes. The move would let Boeing avoid prosecution in exchange for over $1.1B in fines and reforms. Families of crash victims are opposing the deal. Trial was set for June 23.
tweet