Q: Please comment on the latest results and guidance going forward.Txs for u usual great services & views
5i Research Answer:
EPS of 65c missed estimates of 84c; Revenue of $19.62B missed estimates of $20.85B. EBITDA of $1.47B missed estimates of $1.65B. Merchandise and service margin was 34.2%. All regions missed their respective sales estimates. Sales declined 2.2%. Weaker customer traffic hurt fuel sales, and the CEO noted 'near term headwinds' of consumer spending. US fuel volume fell 0.8% and 1.9% in Europe. Merchandise revenue per store fell in all three regions--the first drop in 10 years. Higher inflation and higer rates are having an impact on consumers' ability to spend. This was a tough quarter for sure and investors will not be happy here. Consensus calls for about 5% growth this year and 8% next year.