As of December 5, AutoZone’s forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple was 9.8x.
According to Wall Street analysts’ consensus estimates, the positive trend in AutoZone’s earnings is expected to continue in 2Q18.
In 1Q18, AutoZone’s gross profit margin was at 52.8%—nearly flat compared to 52.7% a year ago. In 1Q17, it reported a gross profit margin of 52.8%.
AutoZone’s store count increased to 5,480 at the end of 1Q18 in its home market. AutoZone opened five new retail stores in Mexico.
AutoZone (AZO) generates its revenues by selling auto parts and accessories primarily in the US market, Puerto Rico, Mexico, and Brazil.
AutoZone (AZO) released its fiscal 1Q18 earnings on December 5, 2017. For the quarter, its adjusted EPS stood at $10.00—6.8% higher than 1Q17.
Although Starbucks failed to meet analysts’ EPS and revenue expectations in fiscal 4Q17, SBUX stock rose due to the company’s strong performance in China.
On December 6, 2017, Starbucks (SBUX) opened its first premium Reserve Roastery in Asia in Shanghai. It’s the company’s second roastery after the Reserve Roastery & Tasting Room in Seattle.
Luxury handbag maker Tapestry (TPR), which owns handbag brands Coach and Kate Spade, was added to Goldman Sachs’ “conviction buy list.”
Goldman Sachs took a positive stance on handbag makers Tapestry (TPR) and Michael Kors (KORS) on December 5, 2017.
By the end of December 5, 2017, McDonald’s was trading at $172.99—a rise of 1.4% from the previous day’s closing price.
Despite strong sales growth, Ulta Beauty’s (ULTA) gross as well as operating margin fell in fiscal 3Q17.
After exceeding analysts’ sales expectations for the past several quarters, Ulta Beauty’s (ULTA) sales for fiscal 3Q17 were almost in line with the consensus analyst estimate.
Ulta Beauty (ULTA) continued to exceed earnings expectations in fiscal 3Q17. The company delivered adjusted EPS (earnings per share) of $1.75 in 3Q17, exceeding the consensus analyst estimate of $1.67.
As of December 4, Ulta Beauty (ULTA) was trading at a 12-month forward PE (price-to-earnings) ratio of 23.6x.
Ulta Beauty (ULTA) stock fell 4.1% on December 1 in reaction to the company’s fiscal 3Q17 results, which were announced after the close of financial markets on November 30.
On December 5, 2017, Jefferies upgraded McDonald’s (MCD) to “buy” from “hold.” It also raised McDonald’s 12-month target price from $150 to $200.
Analysts expect Activision to post a net margin of 14.4% in fiscal 2017, 16.9% in fiscal 2018, and 19.5% in fiscal 2019.
Of the 27 analysts covering Activision Blizzard (ATVI), 20 recommend a “buy,” while none recommends a “sell,” and seven recommends a “hold.”
Activision Blizzard (ATVI) is one of the largest gaming companies, with a market cap of $46.9 billion.