Inside the Market’s roundup of some of today’s key analyst actions
) to report “strong” second-quarter 2024 same-store sales growth on Wednesday as consumers “continue to seek value.”
“Gross margin: We expect 20 basis points year-over-year , driven mainly by lower logistics costs and scaling, partly offset by unfavourable mix. Shrink is a significant challenge for many retailers in the U.S., including the dollar stores. On DOL’s 1Q call in June, management noted that shrink has been increasing for the past few quarters but this is already embedded in its guidance. Consensus FY24 gross margin of 44.0 per cent is right in the middle of management’s 43.5–44.5-per-cent guidance.
“Overall, we expect 2Q results to reaffirm our expectation for relatively attractive EPS growth of 15 per cent this year, with a similar growth rate of 15 per cent in FY25 ,” said Mr. Li. “We believe this should support current valuation of approximately 25.5 times NTM [next 12-month] EPS , with share price appreciation largely driven by EPS growth.”BLX-T
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How markets typically react (or don't) to government shutdownsInvestors are trying to game out the effects of a possible government shutdown in three weeks. Past lapses in funding haven't changed the trajectory of the markets in either direction.
Read more »
China relaxes rules for insurers to invest in stock marketsBEIJING (Reuters) - China's financial regulator on Sunday reduced the risk weighting it attaches to insurance companies' holdings of blue-chip shares ...
Read more »
Stocks Set for Cautious Open; Yen Advances on Ueda: Markets WrapAsian equities may struggle to find traction Monday in a cautious open to trading around the region, while in currency markets the yen was on the front foot following potentially hawkish remarks for the Bank of Japan governor.
Read more »
Stocks Set for Cautious Open; Yen Advances on Ueda: Markets Wrap(Bloomberg) -- Asian equities may struggle to find traction Monday in a cautious open to trading around the region, while in currency markets the yen was on the front foot following potentially hawkish remarks for the Bank of Japan governor.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11
Read more »
Asia stock markets weaken ahead of US inflation dataAsia stock markets were softer on Monday ahead of U.S inflation September data this week with investors seeking signals about the Federal Reserve's next likely moves on interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4%, after U.S. stocks ended the previous session with mild gains. Australian shares and Japan's Nikkei stock index both lost 0.25%.
Read more »
Asia stock markets weaken ahead of US inflation dataBy Scott Murdoch SYDNEY (Reuters) - Asia stock markets were softer on Monday ahead of U.S inflation September data this week with investors seeking ...
Read more »