Latest news with #salesdecline
Yahoo
37 minutes ago
- Automotive
- Yahoo
Nissan's global sales fall by 5% in June
Japanese automaker Nissan Motor Company has reported a 5% year-on-year decline in global sales to 262,133 vehicles in June 2025, including Nissan and Infiniti-branded models, with domestic and overseas volumes both weaker. Sales in Japan dropped by 3.7% to 35,035 units last month, while overseas deliveries declined by 5.1% to 227,098 units. See also: Nissan reports loss, 10% vehicle sales decline in Q2 In the first six months of 2025, Nissan's global sales fell by 5.7% to 1,613,797 units from 1,711,705 in the same period last year, with sales in Japan falling by over 10% to 220,420 units, while overseas sales declined by almost 5% to 1,393,377 units. China was the worst-performing major overseas market for Nissan so far this year, with sales plunging by almost 18% to 279,471 units, while sales in Europe fell by 4.1% to 187,832 units. Deliveries in North America rose by 1.6% to 678,393 units, including a slight decline in US sales to 488,526 units, which was offset by a 5% rise in sales in Mexico to 128,763 units and an almost 10% rise in sales in Canada to 60,306 units. Sales in other markets combined fell by almost 6% to 247,681 units. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service Affordable Auto Insurance, Customized for You The Insurance Savings You Expect In terms of production, global volumes dropped by almost 11% to 1,439,040 units in the first half of 2025, with output in Japan falling by over 11% to 291,773 units, while overseas volumes dropped by just under 11% to 1,147,267 units – driven lower by a 21% plunge in Chinese output to 267,796 units and a 15% decline in US output to 244,541 units, while production in Mexico was slightly higher at 341,530 units. UK production fell by 19% to 108,541 units. Exports from Japan declined by 18% to 158,859 units year-to-date, with shipments to North America falling by 34% to 65,735 units and exports to Europe plunging by over 37% to 17,151 units, while exports to other markets increased by 14.5% to 75,973 units. "Nissan's global sales fall by 5% in June" 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.
Reuters
11 hours ago
- Automotive
- Reuters
France new car registrations down 7.66% in July, Tesla sales drop 26.57%
Aug 1 (Reuters) - New car registrations in France slid 7.66% in July from a year earlier to 116,377 vehicles, data from French car body PFA showed on Friday. Tesla (TSLA.O), opens new tab sales in the country fell 26.57% to 1,307 vehicles last month. Since the start of the year, Tesla's sales have slumped by 38.52%, while the overall French market has shrunk by 7.91% over the same period.
Yahoo
18 hours ago
- Business
- Yahoo
Interim CEO Shift And Strategy Review Drive Kenvue's Turnaround Efforts
Kenvue Inc. (NYSE:KVUE) is one of the . The company names an interim CEO and launches a strategic review as sales decline, sparking investor pressure. A pharmacist at a local store, stocking shelves with products from the consumer health company. Based in New Jersey, Kenvue Inc. (NYSE:KVUE) is a global consumer health leader. Operating in over 165 countries, the company serves more than 1.2 billion people. Its portfolio includes iconic brands such as Tylenol, Neutrogena, Listerine, and Aveeno that have gained the trust of consumers and healthcare professionals spanning retail, pharmacy, and digital health channels in key markets like North America, Europe, and Asia. Kenvue Inc. (NYSE:KVUE) is undergoing a major leadership transition and undertaking strategic changes to address underperformance and unlock shareholder value. The company appointed Kirk Perry as interim CEO in July 2025. Along with this decision, it is reviewing brand divestitures and execution strategies after a 4.2% organic sales decline in preliminary Q2 2025 results. The review is targeted towards portfolio optimization and operational efficiency, amid activist investor pressure and an equity valuation gap versus peers. Potential brand sales, including those of Clean & Clear and could streamline operations. With full Q2 earnings expected on August 7, the change in CEO and strategic decisions could potentially shape market expectations. Investor confidence in the stock remains high, with 52 hedge fund holders, as recorded by Insider Monkey, holding ownership in the company. While we acknowledge the potential of KVUE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Long Term Low Risk Stocks to Invest in and 13 Best Low Risk High Growth Stocks to Buy Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Down 33%, Is Chipotle a Buy Now?
Key Points Chipotle posted its second straight quarter of comparable sales decline. Management announced several initiatives to help drive long-term growth. The company aims to double its restaurant count to 7,000. 10 stocks we like better than Chipotle Mexican Grill › Chipotle Mexican Grill (NYSE: CMG) has been one of the best-performing restaurant stocks of all time. Since its 2006 IPO, the burrito roller is up more than 5,000%. However, the company is now facing what appears to be its biggest challenge since at least COVID, and possibly going back to its E. coli crisis. Following the departure of star CEO Brian Niccol, who took the top job at Starbucks nearly a year ago, Chipotle has now reported two straight quarters of declining comparable sales. Though weakening consumer sentiment and discretionary spending are at least partly to blame for its struggles, the setbacks are bad enough that new CEO Scott Boatwright announced a multi-step plan to get the company back to growth after the stock fell 13% on Thursday, meaning it's now down 33% from its peak from late last year. The sell-off is understandable following the second-quarter results. Comparable sales fell 4% on a 4.9% decline in transactions, showing that customers simply aren't visiting as often. Revenue still rose 3% to $3.1 billion due to the effect of new store openings. Operating margin was down from 19.7% to 18.2%, while adjusted earnings per share fell from $0.34 to $0.33. Management also lowered its comparable sales guidance to flat. Chipotle's plan to bounce back On the earnings call, Boatwright described some of the changes he's making at the fast-casual chain and hinted at others. For example, Chipotle is rolling out a high-efficiency equipment package that includes new planchas, rice cookers, and fryers. Additionally, the company has added produce slicers to all restaurants to help improve prep times. Among other things, Boatwright is hopeful that this will drive greater demand for Chipotle's catering, driving it from 1% to 2% of sales to 5% to 10% of sales. It also sees opportunities to improve throughput. To counter a slowdown in summer visits, the company is ramping up its marketing, and it has returned to positive comps as of June. The company launched Summer of Extras, a gamified experience allowing rewards members to earn extra points and prizes. Boatwright also hinted at doing more to emphasize Chipotle's value proposition. It's unclear if that means offering something like a value menu or lower-cost items, or if Chipotle would emphasize its value in its marketing more. The new CEO seems to be following in the footsteps of Niccol, who also adopted some of the classic strategies of traditional fast food. This includes the drive-thru, which Chipotle has modified to its Chipotlane, which requires customers to order digitally. Chipotle also introduced a one-hour buy-one, get-one (BOGO) free, which was available during the normally slow hour of 3 p.m. to 4 p.m. Is Chipotle a buy? Chipotle's price-to-earnings (P/E) valuation fell to a recent low on the sell-off at 40, but that's still expensive by conventional standards and compared to the S&P 500's P/E ratio of 27.4. The recent decline in comparable sales may not be a reason to be alarmed, either. After all, the company has already returned to positive comps growth as of June and in July through the date of the report. We also know that restaurants have seen slowing growth this year due to weakening consumer sentiment, as spending on restaurants is one of the easiest areas for people to pull back on. The fast-casual chain also continues to plan for having 7,000 restaurants over the long term, about double what it has today. Despite the recent weakness, there's no reason to think that there's any fundamental change in Chipotle's business model or its customer perception. While the stock could be volatile over the coming months as the trade situation is still in flux, Chipotle still looks like a solid buy over the long term. Should you invest $1,000 in Chipotle Mexican Grill right now? Before you buy stock in Chipotle Mexican Grill, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Chipotle Mexican Grill wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Jeremy Bowman has positions in Chipotle Mexican Grill and Starbucks. The Motley Fool has positions in and recommends Chipotle Mexican Grill and Starbucks. The Motley Fool recommends the following options: short September 2025 $60 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy. Down 33%, Is Chipotle a Buy Now? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Chipotle CEO says there's ‘no smoking gun' for burrito sales dip—but he wants customers to give the chain more ‘credit' for affordable prices
CEO Scott Boatwright said the burrito chain needs to work on selling itself as a bargain brand for jittery, budget-strapped consumers. The company reported on Wednesday a 4% same-store quarterly sales decline and cut its guidance for the rest of the year, citing poor consumer sentiment and economic uncertainty. As more Americans grow anxious about the economy and start pulling back on eating out, CEO Scott Boatwright wants consumers to give Chipotle some more credit for its low prices. The Newport Beach, California-based burrito-bowl chain reported sagging earnings Wednesday, including a 4% same-store sales decline and 4.9% dip in quarterly traffic. While Chipotle saw a 3% total revenue increase to $3.1 billion, the company cut its guidance, now expecting flat same-store sales growth for the year compared to its previous prediction of a low single-digit increase. Chipotle CEO Scott Boatwright attributed the rough quarter—Chipotle's second consecutive sales decline—in part to rocky economic conditions leading consumers to pull back. Chipotle's same-store sales improved in June, and that's likely to be the case for July as well, according to the company, but lackluster sales in April and May correlated with 'consumer sentiment bottoming around that time.' Boatwright added consumers have seemingly forgotten that Chipotle, compared to its fast-casual rivals, is a bargain. 'I don't think we're getting credit with the consumer today,' Boatwright told investors on Wednesday. 'So what I talked to the team about internally is, How do we better communicate our value proposition and center around the core equities of the brand?' 'I think we've got to figure out a way we can communicate value for the consumer and showcase the value we are to [quick-service restaurants] and fast-casual,' he added. Boatwright claimed in the earnings presentation Chipotle is 20% to 30% cheaper than comparable fast-casual restaurants. He told Fortune in April the chain wouldn't increase prices due to tariffs because 'it's unfair to the consumer to pass those costs off…because pricing is permanent.' Changing perceptions of value The CEO was firm in attributing Chipotle's sales slump to external macroeconomic factors, telling investors, 'There's no smoking gun here that says we've had a misstep.' However, he said low-income consumers in particular are looking for value when choosing where to dine. 'Look no further than what's going on with our competitors with snack occasions or five-dollar meals, and that's where the consumer is drifting towards…because of low consumer sentiment.' Indeed, fast-food giants like McDonald's are continuing to offer meal deals amid softening sales, particularly as these restaurants have seen more traffic from high-income consumers while those on a budget pull away. As Chipotle similarly tries to compete in an environment of cautious consumers, it will need to focus on its public perception and sell itself as an affordable option, according to Raymond James restaurant analyst Brian Vaccaro. 'Over the last two years, the industry has gotten more aggressive on value promotions and messaging,' Vaccaro told Fortune. 'There are certain brands that have a strong value proposition in the mind of the average consumer. But they didn't effectively message that, and it caused them to lose some mind share.' Olive Garden suffered this fate in 2024, Vaccaro said, when the fast-casual Italian chain's parent company Darden Restaurants reported a pull back from customers making less than $75,000. 'That could be something that's happened to Chipotle, where their value almost gets taken for granted a little bit,' Vaccaro said. In March, Olive Garden announced the return of its 'buy one, take one' promotion—essentially a buy one, get one free deal—for the first time in five years. The restaurant group attributed a modest earnings beat in June in part to the return of the offer. 'Everyone knows Olive Garden is a good value,' Vaccaro said. 'But if you're not reminding the guests of that, they could get distracted and wooed away by all of these value promotions that are floating around.' This story was originally featured on Sign in to access your portfolio
