Glass House Brands Inc. (OTC:GLASF) Q1 2024 Results Conference Call May 14, 2024 5:00 PM ET Company Participants John Brebeck – Vice President of Investor RelationsKyle Kazan – Co-Founder, Chairman, Chief Executive OfficerMark Vendetti – Chief Financial OfficerGraham Farrar – Co-Founder & President Conference Call Participants Bobby Burleson – CanaccordMike Regan – ExcelsiorScott Fortune –…
stevecoleimages/E+ via Getty Images ACCO Brands (NYSE:ACCO) is a manufacturer of consumer products largely focused on office and school environments, as well as certain electronic products which serve those markets and extend beyond into gaming. ACCO’s primary historical feature from an investment standpoint is as a perpetual value stock – regardless of cash flows and…
a.k.a Brands Holding Corp. (NYSE:AKA) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Kenneth White – VP, Head of Legal and Human ResourcesCiaran Long – Interim CEO & CFOEmily Schwartz – Head, IR & Corporate Communications Conference Call Participants Eric Beder – Small Cap Consumer Research, LLCAshley Owens – KeyBanc…
Start Time: 08:30 January 1, 0000 9:12 AM ET ACCO Brands Corporation (NYSE:ACCO)Q1 2024 Earnings Conference CallMay 03, 2024, 08:30 AM ET Company Participants Tom Tedford – President and CEODeborah O’Connor – EVP and CFOChristopher McGinnis – Senior Director of IR Conference Call Participants Gregory Burns – SidotiJoseph Gomes – NOBLE CapitalKevin Steinke – Barrington…
Fortune Brands Innovations, Inc. (NYSE:FBIN) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Leigh Avsec – Vice President-Investor Relations and Corporate AffairsNick Fink – Chief Executive OfficerDave Barry – Chief Financial Officer Conference Call Participants John Lovallo – UBSPhil Ng – JefferiesAdam Baumgarten – ZelmanStephen Kim – Evercore ISIMatthew Bouley…
MarkGillow/E+ via Getty Images Investment thesis On the 24th of August, I wrote an article about Utz Brands, Inc. (NYSE:UTZ) and I stated that the risk/reward was unattractive. Since then, the share price has risen significantly. However, I personally think that the fundamentals of UTZ have not necessarily improved. Despite the fact that UTZ is…
Klaus Vedfelt/DigitalVision via Getty Images Kontoor Brands (NYSE:KTB) is an apparel manufacturer and wholesaler. Kontoor owns Wrangler and Lee, two very well-known denim brands. Since spinning off from VF Corporation (VFC) in 2019, the company has been driving very good profitability and brand growth improvements. I believe Kontoor is doing the right things and has…
The Good Brigade Overview My recommendation for Constellation Brands (NYSE:STZ) is a buy rating, as I continue to expect strong performance in the foreseeable future. The strong demand momentum seems to have continued into 1Q25 (1CQ24), which sets FY25 (CY24) to a very strong start. While Beer’s segment gross margin seems poor on a headline…
Larysa Pashkevich/iStock via Getty Images On April 3rd, the management team at Acuity Brands, Inc. (NYSE:AYI), a company that focuses on producing and selling lighting solutions like commercial and architectural lighting, as well as a variety of other offerings such as building management systems and location-aware applications, announced financial results covering the second quarter of…
Justin Sullivan OK, let’s be honest. Using generative AI to create large chunks of text is certainly interesting, but there’s something particularly compelling about entirely new images being generated from a simple text prompt. Not surprisingly, GenAI-powered graphics tools have been a source of fascination for the last year or so as a result. What’s…
Stanislav Maliarevskyi/iStock via Getty Images Today I continue my quest to identify the best dividend companies in the market, analyzing Kontoor Brands (NYSE:KTB). Kontoor Brands is the parent company of two renowned brands: Wrangler and Lee which are mainly known for their denim products. Even though the company has some positive prospects, I see some…
The companies on this page reflect all of the portfolio companies, long and short, as of March 19, 2024, in respect of which (‘A’) Pershing Square or any Pershing Square Fund, as applicable, has designated a representative to the board, filed Schedule 13D, Form 4 or a similar non-US filing or has made a Hart-Scott…
JHVEPhoto/iStock Editorial via Getty Images March 20th ended up being a very interesting day for shareholders of Topgolf Callaway Brands (NYSE:MODG). Shares of the business spiked, climbing as high as 15.1% before closing 8.8% higher. This was in response to a report that the business could very well be up for sale. The allegation was…
Justin Sullivan/Getty Images News Investment Thesis Constellation Brands (NYSE:STZ) reported full-year results on the 5th January. The price rose in the proceeding days after the results and then sold off where it is currently trading on the 200-day moving average. I am initiating a Hold on the company due to the strong performing Beer segment…
American Outdoor Brands, Inc. (NASDAQ:AOUT) Q3 2024 Earnings Conference Call March 7, 2024 5:00 PM ET Corporate Participants Liz Sharp – Vice President, Investor Relations Brian Murphy – President and Chief Executive Officer Andy Fulmer – Executive Vice President and Chief Financial Officer Conference Call Participants Aaron Wright – Lake Street Capital Markets Mike Zabran…
undefined undefined Summary Following my coverage of Driven Brands Holdings (NASDAQ:DRVN), for which I recommended a hold rating as I wanted to monitor the business’s ability to improve margins over the next few quarters, this post is to provide an update on my thoughts on the business and stock. I am now upgrading my rating…
andreswd/E+ via Getty Images Shares of Fortune Brands Innovations (NYSE:FBIN) have shown real signs of life again since the fall, after the business saw a tougher 2023 as a result of higher interest rates. The company has undergone a real transformation in recent times, but as growth is returning in 2024, and the positioning is…
Kosamtu/E+ via Getty Images Turning Point Brands Inc (NYSE:TPB) reported its latest quarterly results capping off a transitional year in an ongoing turnaround compared to a weaker 2022. Recognized as a leader in smoking accessories and alternative tobacco products, TPB is far removed from the pandemic-era growth boom but is managing to drive solid profitability….
Peter Dazeley/The Image Bank via Getty Images Thesis Imperial Brands PLC (OTCQX:IMBBF; OTCQX:IMBBY) has attracted a lot of attention due to its cheap valuation and high dividend yield. The tobacco industry is undergoing a transformation, and the single most important growth factor over the longer term for tobacco companies and IMBBF is non-combustible products. IMBBF…
J. Vespa/WireImage via Getty Images Intro We wrote about Rocky Brands, Inc. (NASDAQ:RCKY) back in November 2020 when we assessed whether the momentum shares were undergoing at the time could continue to the upside. At the time, Rocky’s customers in the wholesale segment were coming out of lockdown and opening up once more, which resulted…
Justin Sullivan/Getty Images News Overview The first thing that comes to mind when I hear the name General Mills (NYSE:GIS) is their wonderful selection of cereals. That was something that had a huge part of my childhood upbringing so naturally, I want to like the company. however, I will put my own bias aside and…
Caziopeia Although the appliances industry might not seem all that exciting, it does offer the potential for some significant upside if you can buy a firm in this space at a good price. That’s where the beauty of value investing comes into play and truly shines. Even a business that is experiencing a weakening of…
JHVEPhoto Written by Nick Ackerman. Conagra Brands, Inc. (NYSE:CAG) recently posted its latest quarterly results for Q2 of fiscal year 2024. The company lives in the future, with a fiscal year-end at the end of May. The results were mixed compared to analysts’ expectations, with revenue coming in a bit shy of the target. However,…
Nicolas Micolani Overview My recommendation for Constellation Brands (NYSE:STZ) is a buy rating as the beer segment performance continues to remain solid. I expect this performance to continue through FY25, with a possible chance of outperforming guidance in 4Q24 given the easy comp in 4Q23. Importantly, management has reset expectations for its Wine & Spirits…
NoDerog Kontoor Brands (NYSE:KTB) produces and sells clothing products. The company was spun off from V.F. Corporation (VFC) in 2019. The spin-off seems to have been made due to differing offerings, but also as Kontoor’s gross margins and revenue growth were underperforming when compared to V.F. Corporation’s remaining brands. Kontoor is focused on denim products…
JJFarquitectos Unilever PLC (NYSE:UL) is the world’s third-largest consumer goods company, trading lower than its five-year average. The company has beat annual EPS expectations for the last three financial years, although EPS has been downward trending from $3.07 in FY2020 to $2.64 in FY2022. However, this year, the company looks set to increase its earnings…
Constellation Brands, Inc. (NYSE:STZ) Q3 2024 Earnings Call Transcript January 5, 2024 10:30 AM ET Company Participants Joseph Suarez – SVP of IR Bill Newlands – CEO Garth Hankinson – CFO Conference Call Participants Nik Modi – RBC Capital Markets Bonnie Herzog – Goldman Sachs Kaumil Gajrawala – Jefferies Bryan Spillane – Bank of America…
IB_photo Investment Thesis I assign a “BUY” on Restaurant Brands International (NYSE:QSR) with an implied share price of $83.88. RBI is an asset-light business with growing royalties underpinned by high-quality brands such as Burger King, Tim Horton, Popeyes, and Firehouse Subs. I believe the involvement of the new chairman can benefit the company, given his…
pjohnson1 Investment Thesis I assign a buy to Yum Brand Holdings (NYSE: NYSE:YUM) with a price target of $140 per share. YUM’s shift to 98% of stores franchised has made it an asset-light business, reducing ongoing expenses and capital expenditure requirements. I expect Yum’s low-cost menu to serve as an attraction to consumers during an…
Scott Olson/Getty Images News Tupperware Brands Corporation (NYSE:TUP) faces financial challenges and an unsustainable debt burden. The company is attempting to execute a turnaround plan to improve its situation. Firstly, TUP is shifting from direct sales to nationwide distribution through Target stores and other channels. Additionally, TUP engaged in debt restructuring and changed its leadership,…
Pgiam/iStock via Getty Images Investment briefing The scope for rotating capital to beaten down consumer-based companies has broadened into 2024 on the combination of 1) increased market breadth and 2) stretched valuations in mega-cap names that dominate the major indices. Tupperware Brands (NYSE:TUP) falls under the banner of ‘beaten down consumer-based company’. Tupperware is likely…
Althom/iStock Editorial via Getty Images Designer Brands (NYSE:DBI) manufactures and retails footwear in North America. The company operates retail chains called DSW Designer Shoe Warehouse and The Shoe Company, and shoe brands such as Jessica Simpson, Vince Camuto, and Lucky Brand, along with the recently acquired Topo Athletic and Keds. The stock hasn’t had a…
Vasyl Cheipesh/iStock via Getty Images Investment Rundown In the last few months, the company Fortune Brands Innovations, Inc. (NYSE:FBIN) has seen a very quick rise in its share price, going from the mid-50s to over $70 per share. The last earnings report by FBIN seems to have been a major cause for this rise as…
monsitj Investment Thesis Fortune Brands Innovations, Inc.’s (NYSE:FBIN) stock is up slightly since my previous buy rating in September. The end-market outlook has meaningfully improved since then and, with lower-than-expected inflation, analysts have started betting on a rate cut as soon as the middle of next year. The improving end-market demand given moderating inflation and…
Kimberly Delaney/iStock via Getty Images Thesis I have been researching cannabis companies since the industry-wide rally in early 2021. With most of the industry unable to find positive cash flow through the 280e tax obligation, a majority of the operators in the United States have been unable to find positive cash flow or net income….
When TinyTap introduced the concept of Publisher NFTs, it aimed to use it to support content creators in the line of education and publishing. Animoca Brands announced that Season 2 of its Publisher NFTs surpassed all expectations, having already sold out. It shared this in a recent announcement, revealing that the sale of all 720…
Charday Penn/iStock via Getty Images Lancaster Colony Corporation (NASDAQ:LANC) produces and sells food products. The company divides its sales into retail and foodservice sales channels, both of which contribute almost equally to revenues. The retail sales are further divided into segments – Shelf-Stable Dressings, Sauces & Croutons with 44% of retail revenues, Frozen Breads with…
JHVEPhoto/iStock Editorial via Getty Images Using our cash flow returns on investments based tool, Yum Brands (NYSE:YUM) appears prominently on our list as a high-quality, investment-grade company. Using a conventional valuation matrix as well as our DCF-based valuation tools, it could be undervalued by as much as 24%. It is a stable value compounder moderately…
Animoca will leverage TON Play, a TON-based gaming infrastructure that allows projects to launch directly onto Telegram. Hong Kong-based gaming venture capitalist Animoca Brands has announced its strategic investment in the TON ecosystem. Following the investment, Animoca became the largest validator of The Open Network (TON) blockchain. According to emerging reports, the venture capital firm…
The program’s primary objective is to support aspiring builders by guiding them through the entire life cycle of a Web3 startup. Animoca Brands Corporation Ltd announced earlier today that it has formed a strategic partnership with Amazon Web Services (AWS), and Polygon Labs to support Web3 builders worldwide via the launch of the MoonRealm Express…
The inclusion of Animoca Brands in this ecosystem solidifies Chiliz’s commitment to being the primary blockchain infrastructure for the sports and entertainment sectors. On November 13, 2023, Chiliz revealed that Animoca Brands has become a validator and key participant on the Chiliz Chain, contributing to the decentralization of the platform’s governance. The Chiliz Chain serves…
NEOM is set to pump $50 million into Animoca Brands as Animoca supports the region’s Web 3.0 and tech goals as part of Saud’s 2030 vision. Hong Kong-based game developer and venture capital company Animoca Brands Corporation Ltd has announced a strategic partnership with Saudi Arabia’s NEOM Investment Fund. The two entities are collaborating to…
Although the monetary terms of the acquisition were not disclosed, this is not the first time Animoca Brands would be investing in Web 3.0 game companies. Popular gaming giant Animoca Brands has announced its acquisition of Web 3.0 streaming platform Azarus as part of its metaverse gaming revolution. Animoca would be seeking to leverage Azarus’…
Drazen Zigic/iStock via Getty Images Every person approaches investing a little differently. I, for starters, place a tremendous amount of weight on companies that generate consistent financial growth. Even though I understand that volatility does exist, I generally like to see revenue, profits, and cash flows increase over the long run. When companies don’t do…
PixelsEffect/E+ via Getty Images Investment Thesis We ascribe a Buy rating on Spectrum Brands (NYSE:SPB) primarily driven by its long term positioning within its pet care business with focused portfolio post product rationalization along with easing industry wide headwinds within its Home and Gardens business. The closing of the sale of its HHI business removes…
bernardbodo In February of this year, I believed that shares of Constellation Brands (NYSE:STZ) lost some of its touch. Growth slowed down after a few very strong years, as cannabis investments have not worked out at all. Trading at a 20 times earnings multiple, amidst higher leverage and slower growth, I believed that valuations looked…
Tilray Brands, Inc. (NASDAQ:TLRY) Q1 2024 Earnings Conference Call October 4, 2023 8:30 AM ET Company Participants Berrin Noorata – Chief Corporate Affairs and Communications Officer Irwin Simon – Chairman and Chief Executive Officer Carl Merton – Chief Financial Officer Blair MacNeil – President, Tilray Canada Denise Faltischek – Chief Strategy Officer and Head of…
Hitra/iStock via Getty Images Investment thesis Our current investment thesis is: UTZ has a solid business model, with a strong national presence in the US across many household brands. We suspect its strong brands and product innovation, in conjunction with resilience in the snacking industry will contribute to long-term revenue growth. The company has supplemented…
Eugene Gologursky I last wrote about Tilray Brands (NASDAQ:TLRY) three months ago. In that piece, I predicted that the price could break $1. It did not! Of course, the world for cannabis stocks has changed greatly since late August, when the Department of Health & Human Services revealed that it has advised the DEA to…
andresr/E+ via Getty Images Intro Fortune Brands Innovations, (NYSE:FBIN) is a major player in the home and security products industry. This company has two main segments. First, there’s the plumbing segment, which is worth $2.6 billion. They’re known for their Moen brand, and they sell faucets, showers, and other plumbing fixtures. Then, there’s the outdoors…