$GPS (+1,65%)
Q3 Earnings Highlights:

🔹 Adj EPS: $0.72 (Est. $0.58) 🟢

🔹 Revenue: $3.8B (Est. $3.81B) 🟡; UP +2% YoY

🔹 Comparable Sales: +1% YoY (Est. +1.2%) 🟡

FY24 Guidance:

🔹 Revenue: UP +1.5% to +2.0% YoY (Prev. "Up slightly YoY") 🟢

🔹 Operating Margin: Mid-to-high 60% growth range (Prev. 50%) 🟢

🔹 Gross Margin Expansion: ~220 bps (Prev. ~200 bps) 🟢

Q3 SEGMENT REVENUE:

Old Navy:

🔹 Net Sales: $2.2B; Comparable Sales: Flat (Est. +0.9%) 🔴

🔸 Commentary: Performance driven by operational rigor and brand reinvigoration, despite weather-related headwinds.

Gap Global:

🔹 Net Sales: $899M; Comparable Sales: UP +3% (Est. +2.3%) 🟢

🔸 Commentary: Achieved its fourth consecutive quarter of positive comparable sales due to strong product and marketing execution.

Banana Republic:

🔹 Net Sales: $469M; Comparable Sales: DOWN -1% (Est. -0.8%) 🟡

🔸 Commentary: Strength observed in men’s business; focus remains on fixing fundamentals.

Athleta:

🔹 Net Sales: $290M; Comparable Sales: UP +5%

🔸 Commentary: Brand returned to positive comparable sales, with new products and marketing resonating with customers.

Profitability Metrics:

🔹 Gross Margin: 42.7% (Est. 42.1%) 🟢; UP 140 bps YoY

🔹 Operating Margin: 9.3% (Est. 8%) 🟢; UP 270 bps YoY

🔹 Operating Expense: $1.3B

Operational Metrics:

🔹 Online Sales: UP +7% YoY; Represented 40% of total net sales.

🔹 Store Sales: DOWN -2% YoY; Total store count: 3,603 across ~40 countries.

🔹 Ending Inventory: $2.33B; DOWN -2% YoY.

🔹 Cash, Cash Equivalents, and Short-term Investments: $2.2B; UP +64% YoY.

🔹 Capital Expenditures: $330M.

getquin Daily Summary 12.07.2022

Hello getquin,

the impact of the Ukraine war is continuously a very high driver of the current global economy. Today we have news on Renault, Walmart and Gap!

Europe🌍:

1. Renault sales slump by almost 30 percent.

French automaker Renault's sales fell dramatically in the first half of the year as a result of its withdrawal from Russia. According to Tuesday's Renault report, global sales fell 29.7% to just over one million vehicles.

Excluding the Russian company, sales were down 13%, it said. The market climate continues to be characterized by a shortage of semiconductors, it said. The stock price fell as much as 2.4% by midday due to the disappointing stock market environment.

More on the problems: https://bit.ly/3O61BAd

🟥 $RNO (+0,61%) (🔽 -0.11%)

America🌏:.

2. Walmart buys 45% of Canoo's delivery trucks.

Shares of electric car maker Canoo rise after Walmart agreed to buy 4,500 electric delivery trucks. Walmart will buy at least 4,500 and up to 10,000 of Canoo's electric delivery trucks. The delivery trucks are expected to be in service by 2023. Canoo's shares rose more than 70% after the news.

What a deal! https://cnb.cx/3cbX2Yd

🟩 $GOEV (🔼 +106.90%)

🟩 $WMT (-0,63%) (🔼 +1.75%)

3. Gap CEO Sonia Syngal Resigns Effective Immediately.

Sonia Syngal, CEO and president of Gap, is stepping down effective immediately, the apparel company announced Monday. The retailer also named a new chief executive for its Old Navy business. Gap added that higher promotional activity had a negative impact on gross margin; it now forecasts an adjusted operating margin percentage in the second quarter of zero to slightly negative.

Who will be next? https://cnb.cx/3nVTAU1

🟥 $GPS (+1,65%) (🔽 -2.87%)

Quarterly Figures:

Pepsico $PEP (-1,16%)

EPS: 🟩 $1.74 expected vs $1.86 published; difference: 7.10%.

Sales: 🟩 $19.51 billion expected vs $20.22 billion published; variance: 3.67%

Stocks of the day:

🟩 TOP $HLF (-4,42%) €22.76 (🔼 +15.67%)

🟥 FLOP $BYDDY (+1,33%) , 68.88 🔽 -11.04%)

🟩Most searched $ALV (+0,85%) , €178.46 (🔼 +0.08%)

🟥 Most traded $BYDDY (+1,33%) , 68.88 (🔽 -11.04%)

🟥 S&P500, 3,851.57 (🔽 -0.074%)

🟩 DAX, 12,856.40 (🔼 + 0.19%)

🟥 bitcoin ₿, €19,800.90 (🔽 -0.24%)

Time: 17:00 CEST

Fun Fact:

Did you know that €50 bills are the most counterfeited?

Earnings

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟮𝟳.𝟬𝟱.𝟮𝟬𝟮𝟮

Hello getquin!

Have a great start to the weekend! Today there are Toyota, Gap and two quarterly figures and. Also, Ferrero factory production starts in Belgium again in June.

Click here for a survey where you can win 4x50€ Amazon vouchers.

👉 https://m6q2hlakjib.typeform.com/to/Mo0E1uv4👈

𝗘𝘂𝗿𝗼𝗽𝗲 🌍:

1. 𝘍𝘦𝘳𝘳𝘦𝘳𝘰 𝘧𝘢𝘤𝘵𝘰𝘳𝘺 𝘳𝘢𝘮𝘱𝘴 𝘶𝘱 𝘢𝘨𝘢𝘪𝘯 𝘢𝘧𝘵𝘦𝘳 𝘴𝘢𝘭𝘮𝘰𝘯𝘦𝘭𝘭𝘢 𝘰𝘶𝘵𝘣𝘳𝘦𝘢𝘬

Ferrero wants to reopen the factory in Arlon, Belgium, that was responsible for the salmonella outbreak after an international recall of children's chocolate goods. "We sought a restart beginning June 13 in order to resume production as soon as possible," Ferrero France CEO Nicolas Neykov told Le Parisien on Friday. At the beginning of May, the Belgian authorities received a hygiene plan. A thousand people are hard at work getting ready for the relaunch. The factory's 10,000 parts have been removed and cleaned one by one.

More on the case: https://bit.ly/3LNDmpn

𝗔𝘀𝗶𝗮🌏:

2. 𝘛𝘰𝘺𝘰𝘵𝘢 𝘴𝘭𝘰𝘸𝘴 𝘥𝘰𝘸𝘯 𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘪𝘰𝘯 𝘢𝘨𝘢𝘪𝘯

Toyota $7203 (+1,17%) , the world's largest automaker, has curtailed its global output for the second time this week due to logistical difficulties caused by the Shanghai shutdown. The Japanese business revealed in June that 800,000 vehicles would be produced, 50,000 fewer than previously expected. Because of the chip scarcity, Toyota announced on Tuesday that it would reduce manufacturing by 100,000 vehicles each month from June through August. The persistent chip shortage, pandemic containment measures, and other circumstances, it claimed, would make predicting the future difficult. Nonetheless, Toyota is on track to meet its goal of producing 9.7 million vehicles globally by March 2023.

🟩 $7203 (+1,17%) (🔼 +0.08%)

Read more here 👉https://bit.ly/3sZZuGq

𝗔𝗺𝗲𝗿𝗶𝗰𝗮🌎:

3.𝘎𝘢𝘱 𝘴𝘩𝘢𝘳𝘦 𝘱𝘭𝘶𝘯𝘨𝘦𝘴 20% 𝘥𝘶𝘦 𝘵𝘰 𝘳𝘦𝘥𝘶𝘤𝘦𝘥 𝘰𝘶𝘵𝘭𝘰𝘰𝘬

Shares of Gap $GPS (+1,65%) fell more than 19% in pre-market trading on Friday after the clothing and accessories retailer cut its full-year adjusted earnings per share forecast, missing consensus estimates. Gap reported a first-quarter loss per share of 44 cents, while analysts had expected a loss per share of 14 cents. Net sales of $3.48 billion beat analysts' expectations of $3.46 billion. Total comparable sales declined 14% in the first quarter, while analysts had expected a decline of 9.93%. Gap's global comparable sales fell 11%, while analysts had expected a 3.2% decline. As a result, Morgan Stanley downgraded to Underweight 6 weeks after the upgrade to EW.

🟩 $GPS (+1,65%) (🔼 +9.89%)

Now a time to invest? https://bit.ly/3PLneYG

𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗖𝗮𝗹𝗹:

𝘈𝘭𝘪𝘣𝘢𝘣𝘢 𝘎𝘳𝘰𝘶𝘱 $BABA (+1,15%)

The Alibaba share is one of the winners of the day on Thursday afternoon. The share was recently quoted with gains. In XETRA trading, it rose by 10.9 per cent to EUR 85.65.

EPS: 🟥 7.17 CNY expected vs 0.99 reported; Difference: -86.20%

Umsatz: 🟩199.43 Bil CNY expected vs 204.05 Bil CNY reported; Difference: +2.32%

Source: https://bit.ly/3akIwMB

𝘗𝘪𝘯𝘶𝘰𝘥𝘶𝘰 $PDD (+0,33%)

The total revenue of the e-commerce platform in the quarter was CNY 23,793.7 million (US$ 13,753.4 million). The average number of monthly active users during the quarter was 751.3 million, up 4% from 724.6 million in the same quarter of 2021.

EPS: 🟩 1.83 CNY expected vs 2.95 reported; Difference: -86.20%

Umsatz: 🟩 20.72 Bil. CNY expected vs 23.79 Bil. CNY reported; Difference: +14.83%

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP $ZS (+2,58%) , 146.52 € (🔼 +10.3%)

🟥 FLOP, $WEED 4.39 € (🔽 -14.95%)

🟩 Most Searched $NVDA (+4,72%) , 173.39 € (🔼 +4.37%)

🟩 Most traded $BNTX (-14,01%) 153.28 € (🔼+3.72%)

🟩 S&P500, 4,118.07 (🔼 +1.48%)

🟩 DAX, 14,427.74 (🔼+1.38%)

🟥Bitcoin ₿, 27,068.21 € (🔽 -0.37%)

Time: 16:45 CEST

𝘍𝘶𝘯 𝘧𝘢𝘤𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘥𝘢𝘺:

The oldest stock exchange in the world was founded in Bruges around 1409 - although Antwerp also lays claim to having been the first real stock exchange, as the world's first stock exchange building was opened there in 1460.