Did you know Walmart’s advertising business accounted for about 30% of the company’s operating profit last year? Did you even know that Walmart has an advertising business?That stunning fact, unknown to many people (including me), exemplifies the conclusion of a new McKinsey study, published today. In the report, Inspired for business growth: How five companies beat the market, researchers at the consulting firm examined how big companies grow both revenue and profits impressively over time—no easy task.The ...

Half of food and drink SMEs in the UK said business conditions deteriorated in the last three months of 2025, new findings suggest. In a survey by local trade body the Food and Drink Federation (FDF), 50% of SMEs said trading conditions "got worse" in the period compared to the third quarter. UK-based small businesses, with ten to 49 employees, made up 16% of the survey's respondents in the FDF's latest State of the Industry report. Medium-sized companies in the country, with 50 to 249 employees, meanw ...

Tigo Energy (NasdaqCM:TYGO) Q4 2025 Earnings call February 24, 2026 04:30 PM ET Speaker4Good afternoon! Welcome to Tigo Energy's fiscal fourth quarter and full year 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. Joining us today from Tigo are Zvi Alon, CEO, and Bill Rossi, CFO. As a reminder, this call is being recorded. I will now turn the call over to Bill Rossi, Chief Financial Officer ...

LHV Group’s results for January 2026 were characterised by higher profitability and growth in business volumes. The consolidated loan portfolio of LHV Group increased by EUR 51 million over the month, reaching EUR 5.52 billion. Total deposits decreased by EUR 214 million to EUR 7.92 billion. The volume of funds managed by LHV increased by EUR 13 million to EUR 1.72 billion. In January, 8.7 million payments related to financial intermediaries were processed. AS LHV Group earned a consolidated net profit of E ...

Financial Data and Key Metrics Changes - For Q4 2025, the company generated revenues of $1.6 billion, up 5% year-over-year, with adjusted EBITDA of $245 million, reflecting a 6% increase [10][11] - Full-year internal revenue growth was solid at 5%, with commercial real estate segment net revenue up 7% [10][11] - Investment management ended the year with over $108 billion in assets under management, flat relative to September 30 [6][14] Business Line Data and Key Metrics Changes - Capital Markets revenues increased by 13%, driven by strong activity in the U.S., while leasing revenues rose by 3% [11][12] - Outsourcing solutions grew by 8%, with valuation practices contributing significantly [11] - Engineering segment net revenue was up 8%, supported by recent acquisitions, with a strong revenue backlog providing visibility for future growth [12][16] Market Data and Key Metrics Changes - The U.S. market showed strong performance, particularly in Capital Markets and leasing activities, while EMEA and Asia Pacific experienced modest growth [11][35] - The company expects low teens top-line growth in commercial real estate for 2026, with Capital Markets projected to grow in the high teens [16][63] Company Strategy and Development Direction - The company is focused on expanding its diversified platform and pursuing further acquisitions, with the recent acquisition of Ayesa Engineering expected to enhance growth opportunities [4][5] - AI is viewed as a productivity and growth enabler, helping to automate routine tasks and improve efficiency across all segments [8][9] - The company aims to maintain a strong partnership model, emphasizing inside ownership to align leaders with clients and shareholders [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2026 with strong momentum and a healthy pipeline, expecting solid internal growth and contributions from recent acquisitions [7][16] - The company anticipates mid-teens growth across key operating metrics, driven by favorable trends in infrastructure and urbanization [16][63] Other Important Information - The company plans to maintain leverage at around 2x, with the recent acquisition expected to add approximately 0.7 turns of leverage on a pro forma basis [15][70] - Fundraising targets for 2026 are set between $6 billion and $9 billion, with several funds currently in the market [13][66] Q&A Session Summary Question: Organic growth in engineering - Management noted strong demand for services, with opportunities to increase pricing and a growing workforce to meet demand [19][20] Question: Capital allocation and share buybacks - Management indicated a preference for careful capital management, with no immediate plans for stock buybacks due to ongoing acquisitions [28] Question: Macro perspective on Capital Markets - Management does not expect rate cuts to impact their outlook, citing pent-up demand for transactions as a key driver for growth [35][36] Question: AI's impact on business - Management sees AI as a margin enhancer rather than a disruptor, emphasizing its role in improving efficiency and decision-making [72] Question: Ayesa acquisition and growth expectations - Management expects high single-digit organic growth for Ayesa, leveraging its expertise in high-demand markets [80][81] Question: Fund performance and fundraising - Fund performance has been strong, with the flagship fund exceeding benchmarks, aiding in fundraising efforts [67][68]

Core Insights - Dutch Bros has shown a significant rebound in growth, with a 29% year-over-year revenue increase in Q4, reaching $443.6 million, marking its fastest growth rate in nearly a year [2][3] - The company reported a remarkable 143% surge in adjusted earnings per share (EPS) to $0.17, driven by strong same-store sales and transaction growth [3][5] - Dutch Bros continues to expand its footprint, opening 55 new shops in Q4, bringing the total to 1,136 locations, with a target of 2,029 by 2029 [7] Financial Performance - The company's same-store sales increased by 7.7%, with transactions improving by 5.4%, while company-operated shops saw even better performance with 9.7% same-store sales growth [5] - Dutch Bros achieved an average unit volume (AUV) of $2.1 million, surpassing Starbucks' AUV of $1.8 million [6] - The company is projecting revenue of approximately $2 billion for 2026, indicating a 23% growth, alongside a forecast for same-store sales growth of 3% to 5% [7] Market Position - Dutch Bros' stock has experienced a decline of 21% over the past year due to broader industry challenges, but recent results have revived investor confidence, with a 14% increase in after-hours trading [2][9] - The stock is currently priced at 102 times earnings, with a forward price/earnings-to-growth (PEG) ratio of 0.34, suggesting it may be undervalued [10] - CEO Christine Barone emphasized the company's strong culture and innovative approach as key drivers of its success, reinforcing the brand's strength [9]

Core Viewpoint - Honda Marine has appointed Joshua Matthews as the new Division Director, succeeding Daniel Sherlock, who has retired after a 20-year career at American Honda Motor Co., Inc. [1][7] Group 1: Leadership Transition - Joshua Matthews will lead the development of integrated strategies, business planning, and operational execution for Honda Marine, focusing on strengthening relationships with dealers, sales channels, and customers to drive sustainable growth [3][4] - Daniel Sherlock is recognized for his leadership and dedication during his tenure, and the company expresses gratitude for his contributions [4] Group 2: Company Overview - Honda Marine is a division of Honda Power Sports & Products, specializing in a complete range of marine outboard motors powered exclusively by four-stroke engines, which have been designed and built since 1964 [2][5] - The company has set benchmarks for innovation, fuel efficiency, quiet operation, and performance in the marine outboard motor industry [2][5] Group 3: Product and Compliance - Honda Marine's product line includes models ranging from 2.3 to 350 horsepower, all meeting the California Air Resources Board (CARB) 3-star standards, ensuring regulatory compliance across all 50 states [5]

Core Insights - Coeur Mining, Inc. (CDE) is trading at a forward 12-month price-to-sales multiple of 5.5X, which is above the industry average of 5.13X [1] - CDE has experienced a significant stock price increase of 229.9% over the past year, outperforming the Zacks Mining-Non Ferrous industry's increase of 94.3% and the S&P 500's rise of 17.4% [3] Financial Performance - In Q3 2025, CDE's revenue rose by 77% to $555 million, driven by balanced output across five North American mines [6][11] - The company generated $237.7 million in operating cash flow during Q3, more than doubling its cash on hand to $266.3 million and reducing net leverage to 0.1X [12][13] - CDE repaid over $228 million of debt in the first nine months of 2025, bringing total debt down to $363.5 million [13] Operational Highlights - CDE's diversified North American portfolio includes five mines, with revenue contributions of approximately 23% from Palmarejo, 22% from Kensington, 20% from Rochester, 18% from Wharf, and 17% from Las Chispas [10][11] - The company is executing a significant exploration program with a commitment of $67-$77 million aimed at extending mine lives and improving grades [17] Growth Drivers - The Rochester silver-gold mine is a key growth engine, with recent expansions increasing throughput capacity [15] - The acquisition of Las Chispas has added a high-grade, low-cost asset to CDE's portfolio, enhancing production and cash flow [16] Earnings Estimates - The Zacks Consensus Estimate for CDE's fiscal 2025 earnings is currently at 91 cents per share, indicating a year-over-year growth of 406% [20] - For 2026, the estimate is pegged at $1.89 per share, reflecting a year-over-year increase of 107.14% [20] Investment Outlook - CDE's strong revenue growth, solid cash generation, and improved balance sheet position it as a favorable investment opportunity for those seeking exposure to precious metals [21]

Financial Data and Key Metrics Changes - Organic revenue for Aramark grew 5% to $4.8 billion in Q1 2026, with an estimated 8% growth without the calendar shift impact [6][16] - Operating income was $218 million, slightly up from the prior year, while adjusted operating income was $263 million, up 1% on a constant currency basis [17] - GAAP EPS was $0.36 and adjusted EPS was $0.51, with a calendar shift impacting adjusted EPS growth by approximately 13% [19] Business Segment Data and Key Metrics Changes - FSS US organic revenue increased to $3.4 billion or 2%, with a potential growth of approximately 5% without the calendar shift [8] - International revenue reached $1.5 billion, an increase of over 13% year-over-year on an organic basis, maintaining double-digit growth for 19 consecutive quarters [11] - The U.S. AOI had a 1% decline compared to the same period last year, while international segment AOI grew by 12% on a constant currency basis [18] Market Data and Key Metrics Changes - The U.K., Spain, Germany, and Chile were the leading contributors to international revenue growth [11] - The company reported strong client retention levels across all markets, with significant new business wins in healthcare, education, and corrections in the U.S. [5][10] Company Strategy and Development Direction - The company aims for a net new target of 4%-5% in fiscal 2026, driven by strong client retention and new business opportunities [6] - Aramark is focusing on expanding its global supply chain GPO network, particularly in hospitality areas such as theme parks and hotels [6][13] - The company is committed to leveraging AI technology to enhance supply chain efficiencies and operational productivity [13][45] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving record-breaking financial performance, citing strong business momentum and client retention [5][20] - The company anticipates continued revenue growth in Q2, driven by onboarding new business and maintaining high retention rates [21][22] - Management noted that inflation is in line with expectations, with food and labor costs running around 3% [70][71] Other Important Information - The company repurchased $30 million of its shares as part of its share repurchase program [19] - Capital expenditures were higher due to commitments associated with sizable new business wins, expected to normalize over the year [61] Q&A Session Summary Question: Competitive business wins and future trends - Management noted significant success in competitive new account wins, particularly in large organizations, and expects this trend to continue [26][27] Question: Upcoming large bidding opportunities and retention strategies - Management confirmed ongoing large bidding opportunities but did not disclose specifics due to competitive reasons; retention remains a key focus [29][30] Question: Revenue growth in sports and leisure segments - Revenue growth is broad-based across business lines, with strong performance in sports and entertainment, particularly in collegiate athletics [35][37] Question: Pricing and volume contributions to organic growth - Pricing contributed about 3% to organic growth in Q1, with expectations for similar trends throughout the year [56] Question: Impact of inflation on costs - Inflation is running in line with expectations, with food prices around 3% and labor costs consistent across geographies [70][71] Question: Client retention and spending trends - Management emphasized a strong focus on client retention, with no significant changes in customer spending patterns observed [75][77] Question: Updates on large contracts and their impact - The RWJBarnabas contract is expected to have a significant impact in 2026, with a staged opening beginning in June [90][91] Question: Strategic shifts in client operations - Management noted a strategic shift among clients towards systemizing operations for cost efficiencies, which has led to larger contract wins [99][100]

Financial Data and Key Metrics Changes - The company booked over $550 million in orders in Q1, representing a 143% increase year-over-year [4] - Top line sales growth was 35%, with adjusted earnings per share increasing by 73% to a record $1.64 per share [5][12] - Adjusted EBIT margin expanded by 380 basis points to 19.4% [12] Business Segment Data and Key Metrics Changes - Aerospace and Defense segment saw orders over $380 million, up from $75 million in the prior year, with sales increasing by 76% [12][6] - Utility Solutions Group orders were up 10%, but sales only increased by 1%, primarily due to lower demand in the renewables business [14][8] - Test business had orders up 17% and revenue up 27%, with adjusted EBIT margins improving to 13.8% [16][12] Market Data and Key Metrics Changes - The company experienced strong order flow in the aerospace and defense markets, particularly from US and UK Navy programs [5][6] - The renewables market is currently recalibrating, affecting short-term investments, but long-term prospects remain positive [8][41] Company Strategy and Development Direction - The company is raising its full-year sales and earnings guidance due to strong Q1 results and record backlog [10][18] - Focus on strategic acquisitions in utility, aircraft components, and Navy segments to drive long-term growth [49] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term demand across markets, particularly in Navy and aerospace sectors [26] - The company anticipates a return to normal growth in the renewables sector by late 2026 [41] Other Important Information - Operating cash flow in Q1 was strong, more than doubling to $68.9 million [16] - Full-year adjusted earnings per share guidance increased to a range of $7.90 to $8.15, reflecting a growth of 31% to 35% compared to 2025 [18][19] Q&A Session Summary Question: Updates on A&D orders and ship set content - Management noted long-term demand is strong, but order activity can be lumpy, particularly for Navy contracts [26] Question: Revenue guidance appears conservative - Management expects Q1 to be the strongest growth quarter, with solid growth tapering down through the year [35] Question: Strength in Test business - The Test segment saw a return of traditional core markets, with strong orders in electromagnetic compatibility and medical shielding [38] Question: Military business outside Navy - Management highlighted broad-based strength in military aircraft, including significant orders for F-15EX fighters [52] Question: Capital allocation and M&A opportunities - The company is actively rebuilding a pipeline of M&A opportunities, focusing on strategic acquisitions in key segments [49]