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
Offshore
Photo
Wall St Engine
Barclays has agreed to purchase 100,000 Microsoft's Copilot licenses, as shared in a company town hall Thursday. That’s tens of millions in annual revenue at list price for $MSFT. https://t.co/q7HMWLUAv1
tweet
Barclays has agreed to purchase 100,000 Microsoft's Copilot licenses, as shared in a company town hall Thursday. That’s tens of millions in annual revenue at list price for $MSFT. https://t.co/q7HMWLUAv1
tweet
Offshore
Photo
Wall St Engine
Ecuador and Palantir $PLTR have partnered to support the country’s digital transformation, starting with customs enforcement. The AI tools will help detect high-risk operations, fight smuggling, and boost legal trade. https://t.co/404j0POSI2
tweet
Ecuador and Palantir $PLTR have partnered to support the country’s digital transformation, starting with customs enforcement. The AI tools will help detect high-risk operations, fight smuggling, and boost legal trade. https://t.co/404j0POSI2
tweet