Starbucks (SBUX) Predicts it Will Grow Profits 15% to 20% in Fiscal 2024
There seems to be a Starbucks (SBUX) in every neighborhood. And management still sees profits growing 15% to 20% this year.
There seems to be a Starbucks (SBUX) in every neighborhood. And management still sees profits growing 15% to 20% this year.
Apple (AAPL) might have a catalyst in its Apple Vision Pro. Good. It needs one with total revenue down 1% last quarter.
Old Dominion Freight Line (ODFL) is expected to have profit growth return to normal in 2024 Q1. But the news seems priced in.
Grainger’s (GWW) industrial supply business delivered 14% revenue growth on 7% sales growth last quarter as sales were steady.
High interest rates are causing consumers to hang onto their old cars longer, which is good for O’Reilly Automotive (ORLY).
McDonald’s (MCD) posted 24% profit growth and 14% revenue growth as same store sales increased a solid 9% last quarter.
Sherwin-Williams (SHW) is having sluggish sales growth (just 1% last qtr) as DIYers are under economic pressure in North America.
High inflation & credit card debt are hurting consumers, which is maing them hold-off on big ticket items at Teactor Supply (TSCO).
Waste Management’s (WM) profit growth continues to be slow, but moderating inflation could deliver double-digit growth in 2024.
Microsoft (MSFT) delivered an excellent earnings report as profits (+27%) and revenue (+13) both exceeded analyst estimates.
Alphabet’s (GOOGL) biggest segment, Google Search, showed investors the ad market is good. But Google’s Cloud business slowed.
Visa (V) management stated business ticket up from July to September, which should put the question about a recession to rest.