MercadoLibre (MELI) Continues to Grow By Leaps and Bounds in Mexico
MercadoLibre (MELI) had 66% revenue growth in Mexico last quarter — with 40% growth in Brazil — as MELI’s rapid growth continues.
Research reports are available with a Paid Subscription.
MercadoLibre (MELI) had 66% revenue growth in Mexico last quarter — with 40% growth in Brazil — as MELI’s rapid growth continues.
One of Arista Networks’ (ANET) largest customers (Meta) expects higher infrastructure related costs in 2024. That’s good news for ANET.
Wingstop (WING) delivered blowout results last quarter as profits soared 53% and beat estimates of 13%.
High interest rates are causing consumers to hang onto their old cars longer, which is good for O’Reilly Automotive (ORLY).
Fortinet (FTNT) stock has been under pressure as Product salesgrwth has slipped from +30% to +18% to -1% the past three quarters.
ServiceNow (NOW) had another excellent qtr as management noted generative AI represents a real tailwind to the company’s growth.
McDonald’s (MCD) posted 24% profit growth and 14% revenue growth as same store sales increased a solid 9% last quarter.
Vertiv (VRT) is seeing seeing robust market demand as more infrastructure is needed to meet the computer capacity needed for AI.
Meta Platforms (META) delivered an excellent quarter as management cut expenses while AI improved engagement and monetization.
Sherwin-Williams (SHW) is having sluggish sales growth (just 1% last qtr) as DIYers are under economic pressure in North America.
Chipotle (CMG) is developing automated digital make lines to make bowls and salads, which should keep profit growth rolling along.
High inflation & credit card debt are hurting consumers, which is maing them hold-off on big ticket items at Teactor Supply (TSCO).