Phil Mangieri

Delta Air Lines, Inc 1QFY24: Revenue +6%, Adj Op Income +17%

Delta Air Lines, Inc 1QFY24: Revenue +6%, Adj Op Income +17%

Delta reported that consumer spending on services recently passed goods for the first time in 5 years, and there is a runway for spending on services to increase further. Management reported that its core consumers are in a healthy position and travel remains a top purchase priority with generational shifts & evolving consumer preferences driving secular growth in premium experiences. Also, business travel demand has taken another meaningful step forward this year with growth accelerating into the mid-teens y/y as people blend leisure & business trips. Finally, management reported a nice run of weather broadly across its system & the country.

read more
Foot Locker 4Q23 Comps -0.7%, Gross Margin -3.5%

Foot Locker 4Q23 Comps -0.7%, Gross Margin -3.5%

Foot Locker’s top-line trends accelerated meaningfully from 3Q23, led by ongoing progress in conversion rates as customers responded to strong assortments & digital/in-store incentives.  Management further reported that it entered 2024 with solid momentum despite a dynamic macro & retail market.

read more
Who Says 2% Should be the CPI Inflation Target?

Who Says 2% Should be the CPI Inflation Target?

The inflation surge hit its zenith in June of 2022, peaking at +8.9% y/y. Fast forward nearly two years and inflation has declined to +3.48% y/y during the latest March 2024 report. While this represents progress, the problem is that recent trends have been deteriorating, prompting investor concerns that the Fed is likely to postpone any interest rate cuts. Notably, it turns out that the stock market doesn’t need rate cuts to power ahead…  

read more
Levi Strauss & Co 1QFY24: Middle-Income Consumer Rebound

Levi Strauss & Co 1QFY24: Middle-Income Consumer Rebound

Levi Strauss feels better about consumers than it did 3-6 months ago, and the company gained share with 18-30-year-olds & the important middle-income demo (the largest target market in its denim category). The company also noted that it continues to outperform the category with regard to higher-income consumers, demonstrating its successful efforts to elevate the brand.

read more
Understanding Generational Differences in the Workforce

Understanding Generational Differences in the Workforce

A very compelling Continuing Ed class we came across provided great insight into how to best deal with generational differences in the workforce. A great quote from the presentation: “Many of the interviewers did not understand my windy path through employment, which is, of course, a characteristic of my generation. They didn’t understand I wasn’t looking for one job for the rest of my life and that I wasn’t looking for money and status.”

read more
Become a Member
NoBull Posts Thumbnail
Restaurant Research

Nobull consumer research weekly

No Bull Economics

Get Corporate & Market Insights in your inbox

Digital Marketing Opportunities
Research Services Banner

A Restaurant Research LLC Company