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Dollar General: New Financial Targets Boost Value Upside Confidence
Seeking Alpha· 2025-03-19 13:48
Analyst’s Disclosure: I/we have a beneficial long position in the shares of DG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. This writing is for informational purposes only. All opinions expressed herein are not investment recommendations, and are not meant to be relie ...
Notice of Annual General Meeting in ASSA ABLOY AB
Prnewswire· 2025-03-19 13:40
STOCKHOLM, March 19, 2025 /PRNewswire/ -- The shareholders of ASSA ABLOY AB (Reg. No. 556059-3575) are hereby invited to attend the Annual General Meeting to be held on Wednesday 23 April 2025 at 3.30 p.m., at 7A Posthuset, Vasagatan 28, 111 20 Stockholm, Sweden. Registration for the Annual General Meeting starts at 2.30 p.m.Right to participate and notificationA person has the right to participate at the Annual General Meeting if the person: is recorded as a shareholder in the share register kept by Eurocl ...
General Mills Q3 Revenue Falls 5%
The Motley Fool· 2025-03-19 12:53
The decline in operating profit was exacerbated by lower gross profit and elevated selling, general, and administrative expenses. The company's reported operating profit decreased to $891 million, down 2% year over year, while its adjusted operating profit dropped 12.4% in constant currency. The decrease in diluted EPS to $1.12 reflects these fiscal pressures, compounded by a higher effective tax rate. Overall, the quarter suggested financial pressures, and the company lowered its guidance for the remainder ...
Dollar General Stock Jumps—Will Its Turnaround Plan Work?
MarketBeat· 2025-03-19 12:31
Core Viewpoint - Dollar General reported earnings that slightly beat revenue expectations but significantly missed on earnings per share, indicating mixed performance amid ongoing inflation pressures on consumers [1][2]. Financial Performance - The company achieved $10.30 billion in revenue, surpassing the $10.26 billion forecast by analysts, reflecting a 1.4% year-over-year increase in same-store sales [1][2]. - Earnings per share (EPS) were reported at 95 cents, which was a 42% miss compared to the $1.51 EPS forecast by analysts [2]. Consumer Behavior - Sales growth was primarily driven by staple items as consumers focus on essentials due to persistent inflation [3]. - The trend of consumers prioritizing essential purchases is not unique to Dollar General, as similar patterns have been observed at Walmart [4]. Market Context - Despite a 46.9% loss over the past 12 months, Dollar General's stock has shown resilience in 2025, outperforming competitors like Dollar Tree and Five Below [5]. - The stock is currently trading at around 13 times earnings, which is considered a reasonable value compared to the historical mean P/E ratio of approximately 19 times [8][9]. Strategic Adjustments - Rising interest rates have prompted Dollar General to reassess its expansion strategy, focusing on making new stores profitable quickly and considering closures of underperforming locations [6][7]. - The company is forecasting EPS growth of over 10% starting in 2026, which may be influenced by the impact of store closures [11]. Technical Analysis - Dollar General's stock has been trading within a defined range, with support found at its 100-day simple moving average since the earnings report [12].
General Mills Q3 Earnings Preview: More Than A Cash Cow, Initiating With A 'Buy'
Seeking Alpha· 2025-03-19 07:27
More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...
Goldshore Announces Extension of Annual General Meeting of Shareholders
Newsfile· 2025-03-18 20:30
Group 1 - Goldshore Resources Inc. has received an extension from the British Columbia Registrar of Companies to hold its annual general meeting (AGM) by October 23, 2025, instead of the original deadline of April 23, 2025 [1] - Goldshore is a growth-oriented gold company focused on acquiring and advancing primary gold assets in tier-one jurisdictions, led by experienced professionals and backed by a prominent private equity firm [2] - The company's primary focus is the Moss Gold Project in Ontario, Canada, which has seen over $60 million in new capital investment and approximately 80,000 meters of drilling, contributing to a total of over 235,000 meters drilled [2] Group 2 - The updated mineral resource estimate for the Moss Gold Project indicates 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au, covering only 3.6 kilometers of a 35+ kilometer mineralized trend [2] - The Moss Gold Project remains open at depth and along strike, representing one of the few major Canadian gold deposits positioned for development in the current cycle [2]
Nvidia CEO Jensen Huang Announces GM Partnership: 'The Time For Autonomous Vehicles Has Arrived'
Benzinga· 2025-03-18 18:48
Nvidia Corporation NVDA CEO Jensen Huang announced Tuesday a partnership with General Motors Company GM for its self-driving segment."The time for autonomous vehicles has arrived,” Huang said at the GPU Technology Conference (GTC).GM will build next-generation vehicles on Nvidia Drive AGX, based on the Nvidia Blackwell architecture. The partnership includes factory planning, robotics, in-vehicle hardware for advanced driver-assistance systems and in-cabin safety driving experiences."GM has enjoyed a longsta ...
Nvidia, GM announce deal for AI, factories and next-gen vehicles
CNBC· 2025-03-18 18:05
In this articleGMNVDANvidia is building out an automotive tech business. Pictured here are its autonomous vehicle test cars at the company's auto garage in Santa Clara, California, on June 5, 2023.Bloomberg | Bloomberg | Getty ImagesGeneral Motors and Nvidia have agreed to a strategic collaboration that includes the automaker using several products and artificial intelligence services from the tech giant for its next-generation vehicles, advanced driver-assistance systems and factories.The companies on Tues ...
GM Trading at a Deep Discount: 6 Reasons to Buy the Stock Now
ZACKS· 2025-03-18 14:00
U.S. legacy automaker General Motors (GM) is trading quite cheap at the moment from a valuation standpoint despite record financials and strong fundamentals. With a forward sales multiple of just 0.27 — below its five-year average and industry — GM presents an attractive value opportunity. It has a Value Score of A. Image Source: Zacks Investment ResearchGeneral Motors’ full-year 2024 revenues grew 9% to roughly $187 billion. It also set new records in adjusted EBIT ($14.9 billion). Annual earnings spiked 3 ...
Cadillac expects one of every three vehicle sales to be EVs in 2025
CNBC· 2025-03-18 11:00
Core Insights - Cadillac anticipates that approximately one-third of its U.S. vehicle sales in 2023 will be all-electric models, despite slower-than-expected industry adoption of EVs [1][3] - The brand plans to offer five electric vehicles by the end of 2023, including the recently launched Escalade IQ and Optiq, alongside the existing Lyriq and upcoming Vistiq and Celestiq models [2][3] Sales Projections - Cadillac aims for EVs to constitute 30% to 35% of its total domestic sales by 2025, a significant increase from 18% in 2024, which equates to approximately 29,072 vehicles [3] - In 2022, EVs made up 8.1% of the roughly 16 million vehicles sold in the U.S., falling short of the expected 10% [4] Market Strategy - Cadillac has revised its strategy to not exclusively offer all-electric vehicles by 2030, instead focusing on customer demand to guide the elimination of gas-powered vehicles while maintaining a full EV lineup [4][5] - The company emphasizes that its EV portfolio will complement its gas-powered offerings, aiming to attract new customers [6] Product Launches - The Escalade IQ, starting at around $130,000, is positioned as the largest all-electric SUV, targeting the large SUV market for EVs [7] - The Optiq, priced at approximately $55,000, serves as an entry-level EV and is expected to compete in the electric crossover segment, which is currently led by the Lyriq [8] Production and Partnerships - The Lyriq is produced in Tennessee and is expected to remain Cadillac's top-selling EV, while the Optiq is manufactured in Mexico [9] - The Optiq will feature a new partnership with Dolby Laboratories for its "Atmos" surround sound technology, which will be integrated across Cadillac's lineup [8]