“Jackets And Packets” Stock Market (And Sentiment Results)

Each week we like to cover one or two companies we have discussed in our weekly podcast|videocast(s).

 

Canada Goose

1. Revenues continue to grow, Free Cash Flow recovering, Margins high, Stock Price subdued.

2. Growing double digits in China. Asia Pacific up 25%.

3. In line with their long term growth plan they are growing DTC and shrinking wholesale business to improve margins and the customer experience.

4. Non-jackets (windwear, apparel, footwear) up 20% yoy.  Becoming an “all-season” brand globally.

5. New sales training in key London store led to double digit yoy growth comp within 45 days.  Now rolling out across all 70 stores.

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Baxter International

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Here are 10 key points from Baxter International’s Q2 2024 earnings call on August 6, 2024:

  • Strong performance: Baxter exceeded its previously issued guidance on both the top and bottom lines for Q2 2024.
  • Sales growth: Second quarter sales from continuing operations grew 3% on a reported basis and 4% at constant currency rates.
  • Adjusted EPS: Adjusted earnings per share from continuing operations were $0.68, exceeding expectations.
  • Broad-based growth: All four Baxter segments delivered growth above expectations, reflecting positive demand and improved pricing.
  • Medical Products and Therapies (MPT) performance: MPT delivered second quarter sales growth of 4% at reported rates and 5% at constant currency rates.
  • Novum IQ launch: The quarter included first US sales of Baxter’s new Novum IQ large volume infusion pump.
  • Operational efficiency: Strong operational performance offset negative impacts from foreign exchange and a higher-than-expected tax rate.
  • Revised guidance: Baxter increased its full year sales outlook and adjusted EPS guidance due to strong performance.
  • Kidney Care separation: Preparations continue for the proposed separation of the Kidney Care segment, with the company exploring a potential sale in lieu of a spinoff.  This was announced later in August ($3.8B sale to Apollo).
  • 2024 outlook: For full-year 2024, Baxter now expects sales growth of approximately 3% on both a reported and constant currency basis, with adjusted earnings of $2.93 to $3.01 per diluted share.

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Now onto the shorter term view for the General Market:

The CNN “Fear and Greed” dropped from 53 last week to 43 this week.  You can learn how this indicator is calculated and how it works here: (Video Explanation)

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The NAAIM (National Association of Active Investment Managers Index) (Video Explanation) fell to 70.65% this week from 81.34% equity exposure last week.

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Our podcast|videocast will be out tonight or tomorrow. We’ll have a lot of great data to cover this week.  Each week, we have a segment called “Ask Me Anything (AMA)” where we answer questions sent in by our audience. If you have a question for this week’s episode, please send it in at the contact form here.

*Opinion, Not Advice. See Terms


More By This Author:

“World’s Smallest Violin” Stock Market (And Sentiment Results)
“Oil Cans And Vans” Stock Market (And Sentiment Results)
Babalicious Stock Market (And Sentiment Results)

Long all mentioned tickers

Disclaimer: Not investment advice. For educational purposes only: Learn more at HedgeFundTips.com.

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