Latest news with #RetailSales
Yahoo
a day ago
- Automotive
- Yahoo
India vehicle market under pressure in May
In May, India's Light Vehicle (LV) wholesale figures experienced a 1% month-on-month (MoM) decrease, totaling 399k units, although they displayed a marginal year-on-year (YoY) growth of 1%. Passenger Vehicle (PV) sales contracted by 1% MoM to 341k units, maintaining the same level as in May 2024. Moreover, sales of Light Commercial Vehicles (LCVs) with a gross vehicle weight of up to 6T stood at 58k units, marking a decline of 2% MoM but an increase of 8% YoY. Retail sales of PVs and LCVs in May plummeted by 13% MoM to 347k units, in contrast to 397k units in April and 403k units in March, according to data from the Federation of Automobile Dealers Associations (FADA). PV retail sales tumbled by 14% MoM, while LCV sales fell by 5% MoM. PV volumes continued to suffer due to the entry-level segment, attributable to limited financing options and waning consumer confidence. 'Although bookings remained fairly healthy, retail conversions lagged on margin-money challenges and deferred decisions,' stated FADA President C S Vigneshwar. Additionally, escalating tensions at India's borders further exacerbated the industry's challenges. As a result, PV inventory in India increased marginally to a 52-53 days' supply at the end of May, compared to a 50-days' supply in April and 50-55 days in March, as reported by FADA. Cumulatively across the first five months of 2025 as a whole, LV sales rose by 3% YoY to 2.1 milliom units. This total included 1.8 milliom PVs (+3% YoY) and 300k LCVs (+1% YoY). In June, the Reserve Bank of India reduced interest rates by 0.5 pp to 5.5%, marking the lowest rate in three years. This latest decrease follows two previous cuts in February and April. Nonetheless, vehicle sales in June are likely to have been affected by the continued downturn in the Small Car segment as well as geopolitical tensions. Regarding the economy, our partner, Oxford Economics (OE), has slightly revised India's GDP growth forecast downward by 0.1 pp to 6.4% for 2025 and 6.5% for 2026, citing persistent effects from global trade tensions and policy uncertainties. Despite a hiatus in US-China tariffs, trade policy uncertainty continues to suppress investment confidence domestically, with business surveys signaling a decline in production and capacity utilization expectations. Meanwhile, tensions with Pakistan have temporarily eased, stabilizing the rupee and mitigating immediate risks to investor confidence. Inflation remained in check at 3.2% YoY in May, bolstered by lower food prices and a favorable monsoon forecast, while core inflation suggests increasing demand pressures. Our LV sales forecasts for India remain largely unchanged from previous projections, with volumes in 2025 expected to grow by 3% YoY, surpassing the 5 milliom unit threshold. Looking ahead, we anticipate that sales will climb to 6.8 million units by 2032. This article was first published on GlobalData's dedicated research platform, the . "India vehicle market under pressure in May – GlobalData" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
2 days ago
- Business
- Yahoo
Domino's Pizza Inc (DPZ) Q2 2025 Earnings Call Highlights: Strong Growth in US and ...
Income from Operations: Increased 14.9% in Q2, excluding foreign currency impact. Global Retail Sales Growth: 5.6% in Q2, excluding foreign currency impact. US Retail Sales Growth: 5.1% in Q2, driven by same-store sales and net store growth. Same-Store Sales Growth: 3.4% in the US for Q2. Carryout Comps: Increased 5.8% in Q2. Delivery Growth: Positive 1.5% in Q2. Net New Stores in the US: Added 30, bringing the total to 7,061. International Retail Sales Growth: 6% in Q2, excluding foreign currency impact. International Same-Store Sales Growth: 2.4% in Q2. Net Store Growth Internationally: 148 new stores in Q2. Share Repurchase: Approximately 316,000 shares repurchased at an average price of $475, totaling $150 million. Refranchising Gain: $3.9 million pre-tax gain from refranchising 36 company-owned stores. Warning! GuruFocus has detected 4 Warning Signs with AGYS. Release Date: July 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Domino's Pizza Inc (NASDAQ:DPZ) reported strong results in the second quarter, with positive growth in both delivery and carryout businesses in the US. The launch of the Parmesan Stuffed Crust Pizza has been successful, attracting new customers and meeting high expectations. The company completed a national rollout with DoorDash, which is expected to be a significant driver of US sales in the latter half of the year. Domino's rewards program continues to grow, contributing positively to the company's comps, particularly in the carryout business. The refranchising of 36 company-owned stores in Maryland resulted in a pre-tax gain, strengthening the brand's position for long-term success. Negative Points The macroeconomic environment remains challenging, impacting financial results despite profit growth slightly ahead of expectations. Foreign currency fluctuations are expected to be a headwind, potentially impacting operating income growth. The international same-store sales growth is expected to be modest due to potential global macro and geopolitical uncertainties. The company faces pressure from a flat QSR pizza category, which could challenge sustained growth in the future. Corporate store margins were impacted by an insurance charge, highlighting potential vulnerabilities in the company's cost structure. Q & A Highlights Q: How does Domino's plan to sustain a 3% plus comp growth in the long term, given the current initiatives like Stuffed Crust and third-party marketing? A: Russell Weiner, CEO, emphasized that Domino's has consistently gained market share over the past decade, and the current initiatives like partnerships with aggregators and new product launches are not one-time events but part of a long-term strategy. The company has built a strong arsenal of tools, including a new loyalty program and e-commerce platform, to continue driving growth and capturing market share. Q: Can you provide more details on the US sales outlook for the second half of the year and the impact of initiatives like DoorDash and loyalty programs? A: Russell Weiner, CEO, mentioned that initiatives such as the "Best Deal Ever" promotion and the full rollout of DoorDash are expected to drive sales in the second half. Sandeep Reddy, CFO, added that the carryout business is performing well, supported by the loyalty program, and both delivery and carryout are expected to be positive for the year. Q: How does Domino's view the potential for DoorDash as a growth vehicle in the coming years? A: Russell Weiner, CEO, explained that Domino's aims to achieve its fair share on aggregator platforms like DoorDash and Uber Eats. The company sees significant potential for growth on these platforms, expecting to match its market share outside of aggregators over time. Q: What is the status of international market share gains, particularly in top markets like India? A: Russell Weiner, CEO, highlighted India as a success story, with strong adoption of the Hungry for MORE strategy. Initiatives like new product launches and operational excellence are driving growth. Sandeep Reddy, CFO, added that other markets like Canada and Mexico are also performing well, with strong adoption of the strategy. Q: How is Domino's addressing the current value-focused environment in the US pizza segment? A: Russell Weiner, CEO, stated that Domino's is well-positioned to thrive in a value-focused environment due to its strong franchisee economics, supply chain efficiencies, and large advertising budget. The company views consumer demand for value as an opportunity to gain market share, as it is better equipped than competitors to offer value while maintaining profitability. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
4 days ago
- Business
- Yahoo
Consumer sentiment edges up on expectations inflation will cool
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Consumer sentiment in July edged up to the highest level in five months as pessimism for the short-term business outlook eased and expectations for inflation in a year fell to 4.4% from 5%, the University of Michigan said Friday. At the same time, household expectations for personal finances declined last month and sentiment persists well below both the level in December and the historical average, the university found in a monthly survey. 'Consumers are unlikely to regain their confidence in the economy unless they feel assured that inflation is unlikely to worsen, for example if trade policy stabilizes for the foreseeable future,' Joanne Hsu, director of the university's consumer surveys, said in a statement. Dive Insight: Recent stability in consumer sentiment coincides with mixed economic signals, along with widening opinions among Federal Reserve officials on the outlook for jobs and inflation, and whether to cut borrowing costs as soon as this month. Retail sales rose 0.6% in June after a two-month slump. Ten out of 13 retail categories recorded sales gains, including motor vehicles, food and beverages, and building materials, the Census Bureau reported Thursday. Unemployment eased last month to 4.1% from 4.2% in May as U.S. payrolls expanded by 147,000, a healthy clip. Yet state and local government, rather than the private sector, accounted for roughly half of the hiring. Also, the consumer price index increased at a 2.7% annual rate in June compared with 2.4% the prior month, the Bureau of Labor Statistics said Tuesday. Imported goods led the price gains, indicating that tariffs have to a degree fueled inflation. The price for apparel, household furnishings and appliances rose 0.4%, 1% and 1.9%, respectively, the BLS said. Prospects for inflation, employment and economic growth hinge to a big degree on whether tariff-induced inflation eases after a few months or persists into next year. Several Fed officials in recent weeks have warned that import prices may provoke a sustained rise in prices. They have favored holding off on a reduction in the main interest rate until gaining greater clarity on price pressures. 'I see upward pressure on inflation from trade policies, and I expect additional price increases later in the year,' Fed Governor Adriana Kugler said Thursday. 'Given the stability in the employment side of our mandate, with the unemployment rate still at historically low levels, elevated short-run inflation expectations and goods inflation rising due to the upward pressure from tariffs, I find it appropriate to hold our policy rate at the current level for some time,' Kugler said in a speech. Import duties will probably push up inflation by about 1 percentage point during the second half of this year 'and the first part of next year,' New York Fed President John Williams said Wednesday. Holding the federal funds rate at its 'modestly restrictive' level from 4.25% to 4.5% 'is entirely appropriate to achieve our maximum employment and price stability goals,' Williams said in a speech. Fed Governor Christopher Waller disagrees. On Thursday he called on his fellow policymakers to cut the federal funds rate by 0.25 percentage point at their meeting this month. 'Tariffs are a one-off increase in the price level and do not cause inflation beyond a temporary surge,' he said in a speech. Also, 'while the labor market looks fine on the surface, once we account for expected data revisions, private-sector payroll growth is near stall speed and other data suggest that the downside risks to the labor market have increased,' Waller said. 'With inflation near target and the upside risks to inflation limited, we should not wait until the labor market deteriorates before we cut the policy rate,' he said. Over time, the central bank should aim to trim the benchmark rate to 3%, a 'neutral' level that Fed officials believe would neither slow nor spur economic growth, Waller said. Recommended Reading Jobless claims edge up, amplifying Fed signals for rate cut Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Gold Steady as Data Strengthens, Fed Uncertainty Lingers
Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets— and may continue into the future. Here's what you need to know: Gold held near $3325/oz despite a mild weekly loss, reacting to positive macroeconomic data. June CPI showed inflation softening, pressuring gold prices downward early in the week. Stronger-than-expected Retail Sales data reinforced a healthy economic outlook. Political pressure on the Fed added volatility to the dollar and influenced gold pricing. So, What Kind of a Week Has it Been? So, what kind of week has it been? Consumer Price Index and Gold's Drop The mild week-over-week loss that gold spot prices are closing in on comes down, broadly, to a week of solid macro data coming from the US economy: consumer inflation came in marginally lower than expected (in most reads) while later in the week, Retail Sales data for the month of June rebounded well above the consensus projection. The reaction to these reports, for gold, adhered to the yellow metal's historical relationships. Both the reassurance of solid and/or improving economic function pare back the market's need for safe-haven buying; at this economic moment in particular, it also signals less pressure on the Federal Reserve to lower rates sooner, which, if it does happen, will be a boon to gold as a non-yielding asset. Tuesday's Consumer Price Index reporting, as much as we could place something on the calendar, was always the focal point of this week's macro calendar. As is often the case, there is the survey view of the data (which is where the financial media gravitates to for its' headlines) and there's the deeper, more detailed read of the data set. In terms of the former, despite overall consumer inflation coming in hotter than expected on an YoY basis the numbers generally reported price pressures cooling in-step with the projections (in the case of monthly changes in overall inflation) or even faster (in the case of both monthly and annualized reads of the more closely-tracked "core CPI" number.) As we would've predicted if we'd seen the data in advance, gold prices fell immediately following the CPI print and for the day on Tuesday, as the yellow metal typically weakens when price pressures are seen to be easing and also because, in tandem with US labor market health, the pace of inflation continues to be one of the key numbers used to predict the next move(s) of the "data dependent" FOMC which has yet to introduce the first rate cut of 2025. Tariff Impacts and Inflation Worries At the same time, more granular analysis of the June CPI data have lead analysts in the intervening days to argue that we might be seeing nascent stressors on the US economy as a result of the Trump Tariff strategy and that this may be the final "free pass" we get before seeing US consumers more negatively impacted by extreme import duties on goods coming in from America's key trading partners. This impression should temper the downward pressure on gold prices (at least in terms of what comes from analysts of inflation in the system) in the coming weeks. It also implies that there will be even greater focus—and greater potential volatility as a result—on the next month's CPI prints. Gold Rebounds on Strong Retail Sales Despite the sliding prices post-CPI, gold has maintained a steady bid of support around the level of $3325/oz, and on Wednesday, the precious metal rebounded. Thursday's Retail Sales data, which came in much better than anticipated (+0.6% MoM vs. +0.1% exp.), reinforced the week's narrative. The economy continues to look (relatively) healthy in the current rate environment, and despite the Trump Tariff roller coaster, reducing uncertainty in the system, and the evidence of US consumers staying out in force, ameliorates the pressure on the Fed to cut rates sooner or faster. Political Pressure on the Fed In a less tangible part of market news, we cannot ignore the resumption of the implication (or, at times, out right threats) that the US President may attempt to remove Fed Chair Jerome Powell from his positions in favor of someone more willing to bend the knee, abdicate central bank independence, and cut interest rates to suit the administration's views. This factor, perhaps more than the macro data points of the week, has pushed the most volatility this week into US Dollar markets and, as a result, gold prices. Especially with a lighter data calendar on deck for the week ahead, we will be forced to contend with this as an ongoing story for gold. In the meantime, traders, I hope you can get out and safely enjoy your weekend for the next couple of days. After that, I'll see you back here next week for another market recap.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Retail Sales Increased More Than Expected
The biggest day of the week for economic reports and Q2 earnings is upon us. In fact, there is so much data in front of us, we should be able to fill this column with just the numbers. Pre-market futures were mixed but are now positive across the board: +30 points on the Dow, +10 on the S&P 500 and +70 points on the Nasdaq. Bond yields continue to creep up: +4.49% on the 10-year, +3.94% on the 2-year and +5.04% on the 30-year yield. A Cavalcade of Economic Results: Jobless Claims Healthy Starting as we do most Thursday mornings, Initial Jobless Claims are out: down for the fifth week in a row from near-term highs, 221K new jobless claims are the lowest we've seen since mid-April, far below the 234K estimate and well off the June high of 250K. What looked on the graph to be a steady incline of new jobless claims through the first half of the year has now shifted downward in a big way. This is very strong news for the labor market. Continuing Claims, on the other hand, ticked up slightly once again: 1.956 million, from 1.954 million the prior week (these numbers are reported a week in arrears from Initial Claims), remaining just shy of the psychological 2 million mark, where we haven't been since late 2021. This is the eighth straight week above 1.9 million longer-term jobless claims, and the 9th of the last 12. Yet with new claims pitching downward as they are, perhaps we'll postpone this reunion with 2 million claims for a longer time. Retail Sales Robust for June Advanced Retail Sales for June ('advanced,' meaning subject to revision in a couple weeks) tripled expectations this morning to +0.6%, turning around in a startling manner from -0.9% reported for May. This is the second-highest Retail Sales print of 2025 since March posted +1.5%; in fact, these are the only two positive months of the year so far. Beneath the headline, everything came in ahead of expectations, as well: ex-Autos reached +0.5%, ex-Autos & Gasoline +0.6%, and the Control number — which gets fed up the food chain of economic data such as Personal Consumption Expenditures (PCE), the (current) Fed's preferred metric on inflation — is +0.5%. This equals March's +0.5% Control number, as well. Import & Export Prices Moderate More good news: Import Prices came in lower than expected: +0.1%, but up from a big downward revision of -0.4% of the previous month. Ex-petrol (fuel), this number moderates further, to 0.0%. Year-over-year Import Prices have now swung to a negative -0.2% from an anticipated +0.3%. More easing on imported goods — counter to expectations. Export Prices month over month came in at +0.5%, the highest level since pre-tariff pull-forwards in February, whereas year over year we're at the highest level since January: +2.8%. Any time we can see import prices moderate but exports improve, that's got to be a good (near-term) sign for the domestic economy. Philly Fed Blossoms to Start the Summer Another metric posting its first positive month since March, the Philly Fed manufacturing survey, sprung ahead to 15.9 in June, up strongly from the -4 posted for May. In fact, this is the highest print since February's 18.0, and provides a positive narrative for regional manufacturing in the region of the sixth-largest city in the U.S. GE Outpaces Estimates in Q2 Earnings GE Aerospace (GE), a Zacks Rank #2 (Buy)-rated stock going into this morning's earnings report, soundly beat Q2 estimates on both top and bottom lines this morning: earnings of $1.66 per share was well ahead of the projected $1.43 and the $1.20 per share reported in the year-ago quarter, for a positive surprise of +16%. Revenues of $10.15 billion beat estimates by +5.12%. Shares are up +1.3% at this hour, now a whopping +60% year to date. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Aerospace (GE): Free Stock Analysis Report
