Revenue Summary - Total consolidated revenues for Q1 Fiscal 2026 amounted to 6.3 billion euros, reflecting an organic revenue growth of +1.8% compared to Q1 Fiscal 2025 [7][14] - The revenue growth was negatively impacted by a currency effect of -4.0%, primarily due to the depreciation of the U.S. dollar against the euro [7][22] - By region, North America experienced a decline in organic growth of -1.5%, Europe saw an increase of +2.4%, and the Rest of the World achieved a significant growth of +10.2% [7][15] Regional Performance - In North America, revenues totaled 2.9 billion euros, with notable declines in Business & Administration (-7.6%) and Education (-3.6%), while Healthcare & Seniors grew by +4.4% [16] - Europe generated 2.3 billion euros in revenue, with Business & Administration growing by +2.8% and Healthcare & Seniors by +5.4%, despite a decline in Sodexo Live! [19] - The Rest of the World reported revenues of 1.1 billion euros, driven by strong performances in Australia, India, Brazil, and Chile, with Business & Administration growing by +9.6% [20] Operational Priorities and Outlook - The company aims to enhance client centricity, invest in personnel, and improve operational efficiency as part of its strategic priorities [4][11] - Fiscal 2026 guidance remains unchanged, with organic revenue growth expected between +1.5% and +2.5%, and a slight decrease in underlying operating profit margin compared to Fiscal 2025 [6][11] - Planned investments in technology and targeted initiatives in U.S. Education are underway to support medium-term performance [8][11] Leadership and Sustainability - Thierry Delaporte, the new CEO, has taken direct leadership of North America to drive performance in the region [11] - Sodexo has been recognized on CDP's A-List for climate performance, highlighting its commitment to sustainability and transparency [11][13]

Core Insights - PepsiCo, Inc. (PEP) is positioned for growth due to strengths in core categories, a diversified portfolio, improved digital capabilities, and flexible distribution systems [1] - The company has outlined commercial and financial priorities aimed at enhancing shareholder value, including a preliminary financial outlook for 2026 [1] Financial Performance and Growth Targets - Management anticipates organic revenue growth of 2-4% in 2026, with potential contributions from acquisitions and foreign currency translation, leading to overall net revenue growth of 4-6% [5] - Core effective annual tax rate is expected to be around 22% in 2026, with core EPS projected to rise by approximately 5-7% [7] Innovation and Product Development - PepsiCo is advancing an innovation agenda focused on permissible and functional products, including the launch of new products like Simply NKD Cheetos and Doritos Protein [3] - The company is enhancing marketplace competitiveness by strategically focusing on affordable price tiers to drive growth in mainstream brands [2] Cost Management and Operational Efficiency - The company is aggressively cutting operating costs, including the closure of three manufacturing plants and reducing nearly 20% of SKUs in the US by early next year [4] - Management aims for at least 100 basis points of core operating margin expansion over the next three fiscal years through automation and digitalization [6] Shareholder Returns and Capital Allocation - PepsiCo plans to maintain capital spending below 5% of net revenues in 2026 while continuing to raise annual dividends, subject to board approval [8] - The company anticipates a free cash flow conversion ratio of at least 80% in 2026, with plans to increase cash returns to shareholders through dividends and share repurchases [9]

Core Viewpoint - PepsiCo, Inc. has announced strategic initiatives and a preliminary financial outlook for 2026 aimed at enhancing shareholder value through organic revenue growth, productivity savings, and improved core operating margins [1][2][4]. Commercial Actions and Financial Priorities - The company aims to accelerate organic revenue growth and improve core operating margin, particularly in PepsiCo Foods North America, with expectations of in-store presence increasing in the first half of 2026 [4][5]. - Full-year 2026 organic revenue growth is projected to be between 2% and 4%, with a focus on achieving the higher end of this range in the latter half of the year [5][29]. - The company plans to implement a disciplined capital allocation framework, improve free cash flow conversion, and increase cash returns to shareholders [5][13]. Innovation and Cost Reduction - PepsiCo is focusing on affordability and innovation, including the introduction of new products that emphasize simpler ingredients and nutritional benefits [6][8]. - The company is aggressively reducing operating costs, including the closure of three manufacturing plants and a reduction of nearly 20% of SKUs in the U.S. by early next year [6][8]. Financial Outlook - The preliminary financial outlook for 2026 includes expectations for core EPS growth of approximately 5% to 7%, or 7% to 9% when excluding the impact of global minimum tax regulations [11][27]. - The core effective annual tax rate is expected to be around 22% in 2026, influenced by global minimum tax regulations [9][29]. Governance and Shareholder Engagement - PepsiCo is committed to ongoing Board refreshment and has received support from Elliott Investment Management for its strategic initiatives [3][14]. - The company anticipates total cash returns to shareholders of approximately $8.6 billion in 2026, which includes dividends and share repurchases [29].

Core Viewpoint - B. Riley has raised the price target for Zeta Global (ZETA) to $30 from $29 while maintaining a Buy rating on the shares [1] Group 1: Acquisition Details - Zeta Global has completed the acquisition of Marigold's enterprise software business for a total consideration of up to $325 million [1] Group 2: Financial Performance and Projections - Zeta's organic business momentum is strong and is expected to continue to exceed the 2028 financial targets [1] - The updated FY26 guidance projects over 20% organic revenue growth, sustained adjusted EBITDA margin expansion, and improved free cash flow conversion [1]

Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Financial Performance & Guidance - The company is on track to deliver 2025 financial targets with organic revenue growth of 6.0-6.5% ex-InnovaMatrix®[14] - Adjusted operating profit margin is expected to be 22.0-22.5%, including approximately (30) bps tariff headwinds[15, 23] - The company anticipates double-digit adjusted EPS growth with strong cash conversion[15, 23] - InnovaMatrix® revenue is expected to be around $70 million in 2025[15, 22] - Capex is expected to be $160-180 million[15] Strategic Progress & Outlook - New products are driving broad-based growth across all categories[14, 23] - The company is reiterating medium-term targets, including 5-7% organic revenue growth and double-digit adjusted EPS growth[22] - In 2026, InnovaMatrix® is projected to be ≤2% of Group revenue[21] - The company expects further adjusted operating margin expansion and double-digit adjusted EPS growth in 2026[21, 23] Business Segment Performance - Infusion Care shows strong growth, with non-diabetes accounting for approximately 15% of IC revenue[14, 19]

Core Insights - The company reported Q3 2025 revenue of €926.1 million, reflecting a -2.3% decline in reported growth and -0.9% in organic growth, slightly above expectations despite a challenging macroeconomic environment [2][7][6] - Digital Out-of-Home (DOOH) revenue grew significantly, with a +6.1% increase overall and +7.6% organic growth, now accounting for 41.8% of total revenue [2][6] - The company anticipates flat organic revenue growth for Q4 2025, with advertising revenue expected to rise by approximately +1% [4][15] Revenue Breakdown - Q3 2025 revenue by segment: - Street Furniture: €456.9 million, -2.5% reported growth, -1.1% organic growth [9][10] - Transport: €345.5 million, -0.4% reported growth, +1.7% organic growth [12] - Billboard: €123.7 million, -6.8% reported growth, -6.9% organic growth [13] - The overall revenue decline was influenced by a high comparison base from the 2024 Paris Olympic & Paralympic Games and UEFA Euro events [7][8] Geographic Performance - North America showed double-digit growth in Street Furniture and Transport segments, while France experienced a double-digit decline due to the high comparison base [10][12] - The Rest of the World exhibited high single-digit growth in Street Furniture and low single-digit growth in Billboard [10][13] Future Outlook - The company expects Q4 2025 organic revenue growth to be around flat, considering the ongoing macroeconomic challenges and strong comparables from previous periods [4][15] - The anticipated growth in advertising revenue is expected to be modest at around +1% [4][15]

Company Overview - Ryan Specialty is a rapidly growing provider of specialty products and solutions for insurance brokers, agents, and carriers[8] - The company was founded in 2010[9] - As of September 30, 2025 YTD, Ryan Specialty's total revenue growth was 24.2%[9] - As of September 30, 2025 YTD, Ryan Specialty's organic revenue growth was 11.4%[9] Market Position and Growth - Ryan Specialty is the 1st largest delegated underwriter[9] - Ryan Specialty is the 2nd largest U S P&C wholesale broker[9] - 78% of Ryan Specialty's premiums are placed in the attractive E&S market[13] - In 2024, Ryan Specialty's revenue growth with the top 100 retail brokerage firms exceeded Ryan Specialty's organic revenue growth of 12.8%[32] Financial Performance - Ryan Specialty's LTM Adjusted EBITDAC as of September 30, 2025, was $960 million[48] - As of March 31, 2025, Ryan Specialty had $153 million in unrestricted cash and cash equivalents[54] - In February 2025, Ryan Specialty increased its regular quarterly dividend by 9% to $0.12 per share on outstanding Class A common stock[55]

Core Insights - LKQ Corporation successfully closed the sale of its Self Service segment, returning $118 million to shareholders through share repurchases and cash dividends [1][8] - The company reported a revenue increase of 1.3% year-over-year for Q3 2025, reaching $3,499 million, despite a decline in organic revenue [2][33] - Adjusted diluted earnings per share (EPS) guidance for 2025 has been raised to a range of $3.00 to $3.15, reflecting improved operational performance and a one-time tax benefit [3][10] Financial Performance - Q3 2025 net income was $178 million, down from $187 million in Q3 2024, with diluted EPS decreasing by 2.8% to $0.69 [3][24] - Total parts and services revenue increased by 1.1%, with a notable 2.6% increase attributed to foreign exchange rates [2][34] - Cash flow from operations for Q3 2025 was $440 million, with free cash flow at $387 million [5][29] Strategic Initiatives - The company is focused on simplifying its business portfolio by divesting non-core assets and enhancing operational efficiencies [7][9] - LKQ aims to expand its lean operating model globally to drive productivity and improve execution [7] - The company is committed to disciplined capital allocation to maximize shareholder value and strengthen its balance sheet [9][10] Shareholder Returns - In Q3 2025, LKQ repurchased approximately 1.2 million shares for $40 million and distributed $78 million in cash dividends [8][9] - Since the initiation of the stock repurchase program in late 2018, the company has repurchased about 67.7 million shares for a total of $2.9 billion [8][9] - The Board of Directors declared a quarterly cash dividend of $0.30 per share, payable on December 4, 2025 [8][9] 2025 Outlook - Following the divestiture of the Self Service segment, the company has updated its full-year outlook, projecting organic revenue growth for parts and services to be between -3.0% and -2.0% [10] - The updated diluted EPS guidance for 2025 is now set at $2.47 to $2.62, reflecting a more optimistic view based on recent performance [10][9] - Management expressed confidence in the company's strategy and momentum towards sustained value creation [9][10]

2025 Third quarter trading statement October 2025 Disclaimer This presentation contains certain statements that are, or may be deemed to be, "forward-looking statements" (including for purposes of the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Forward-looking statements give Haleon's current expectations and projections about future events, including strategic initiatives and future fin ...