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Monday
For the transcript and press release click HERE
Q1 Non-GAAP EPS of $0.15 beats by $0.44.
Revenue of $162.3M (+49.6% Y/Y) beats by $7.01M.
Non-GAAP operating margin was negative 0% compared to negative 40% in the first quarter of 2022.
Net cash provided by operating activities was $42.7 million, with $38.7 million of free cash flow, compared to net cash used in operating activities of $12.9 million and negative $16.2 million of free cash flow in the first quarter of 2022.
Outlook: For the second quarter of the fiscal year 2023, monday.com currently expects: Total revenue of $168 million to $170 million vs. consensus of $165.28M, representing year-over-year growth of 36% to 37%.
Non-GAAP operating income of $2 million to $4 million and operating margin of 1% to 2%.
For the full year 2023, monday.com currently expects: Total revenue of $702 million to $706 million vs. consensus of $236.46M, representing year-over-year growth of 35% to 36%.
Non-GAAP operating income of $8 million to $12 million and operating margin of approximately 1%.
Nu Bank
For the transcript and press release click HERE
I’ll cover it on the channel later.
Q1 GAAP EPS of $0.03 beats by $0.02.
Revenue of $1.62B (+84.7% Y/Y) beats by $70M.
The Home Depot
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 GAAP EPS of $3.82 beats by $0.03.
Revenue of $37.3B (-4.1% Y/Y) misses by $1.05B.
Comparable sales for quarter decreased 4.5%, and comparable sales in the U.S. decreased 4.6%.
"Given the negative impact to first quarter sales from lumber deflation and weather, further softening of demand relative to our expectations, and continued uncertainty regarding consumer demand, we are updating our guidance to reflect a range of potential outcomes," said Richard McPhail, executive vice president and chief financial officer.
FY2023 Outlook: Sales and comparable sales to decline between 2% and 5% compared to fiscal 2022;
Operating margin rate to be between 14.3% and 14.0%;
Diluted earnings-per-share-percent-decline between 7% and 13% compared to fiscal 2022.
Sea Limited
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 EPS of $0.15
Revenue of $3.04B (+4.8% Y/Y) in-line.
Target
For the transcript and press release click HERE
Q1 Non-GAAP EPS of $2.05 beats by $0.29.
Revenue of $25.32B (+0.6% Y/Y) beats by $40M.
Traffic grew 0.9 percent, on top of 3.9 percent in Q1 2022.
Comparable stores sales grew 0.7 percent, offset by a decline in comparable digital sales.
The company expected Adjusted EPS in the range of $1.30 to $1.70 vs. consensus of $1.93 for Q2 and $7.75 to $8.85 vs. consensus of $8.47 for FY2023.
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d-local
For the transcript and press release click HERE
Q1 GAAP EPS of $0.11 in-line.
Revenue of $137.29M (+57.0% Y/Y) beats by $1.89M.
Total Payment Volume reached a record US$3.6 billion in the first quarter, up 70% year-over-year compared to US$2.1 billion in the first quarter of 2022 and up 8% compared to US$3.3 billion in the fourth quarter of 2022.
Adjusted EBITDA margin was 33% in the first quarter of 2023, compared to 38% in the first quarter of 2022 and 34% in the fourth quarter of 2022. EBITDA margin varied in line with gross profit margin.
Wix
For the transcript and press release click HERE
Q1 Non-GAAP EPS of $0.91.
Revenue of $374.07M (+9.5% Y/Y) beats by $4.74M.
Creative Subscriptions revenue in the first quarter of 2023 was $278.1 million, up 9% y/y
Creative Subscriptions ARR increased to $1.13 billion as of the end of the quarter, up 9% y/y
Business Solutions revenue in the first quarter of 2023 was $95.9 million, up 11% y/y
Transaction revenue was $42.3 million, up 16% y/y
Partners revenue in the first quarter of 2023 was $103.9 million, up 27% y/y
Total bookings in the first quarter of 2023 were $414.9 million, up 6% y/y
Creative Subscriptions bookings in the first quarter of 2023 were $313.4 million, up 5% y/y
Business Solutions bookings in the first quarter of 2023 were $101.5 million, up 9% y/y
Q2 revenue to be $380 - $385 million, or 10 - 12% growth y/y.
Due to our outperformance in Q1, we are increasing our full year outlook to $1,522 - $1,543 million or 10-11% y/y growth, an increase from our previous outlook of $1,510 - $1,535 million or 9 - 11% y/y growth.
We are increasing our outlook for free cash flow, excluding HQ costs, for the year to $172 - $180 million, or 11 - 12% of revenue, and we expect to exit 2023 with a free cash flow margin of more than 13%. This compares to our previous free cash flow outlook of $152 - $162 million, or 10 - 11% of revenue and an exit rate of 12-13%.
Alibaba
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q4 Non-GAAP EPADS of $1.56 beats by $0.21.
Revenue of $30.32B (+2.0% Y/Y) beats by $410M.
“We are taking concrete steps towards unlocking value from our businesses and are pleased to announce that our board has approved a full spin-off of the Cloud Intelligence Group via a stock dividend distribution to shareholders, with intention for it to become an independent publicly listed company.”
Walmart
For the transcript and press release click HERE
Q1 Non-GAAP EPS of $1.47 beats by $0.15.
Revenue of $152.3B (+7.6% Y/Y) beats by $4.39B.
Global advertising business grew over 30%.
Walmart U.S. comp sales up 7.4%; eCommerce up 27%, led by pickup & delivery.
Q2 Outlook: Consolidated net sales to increase ~4% in constant currency; Adjusted EPS of $1.63 to $1.68 vs. consensus of $1.70.
FY2024 Outlook: Consolidated net sales to increase 3.5% constant currency; Adjusted earnings per share $6.10 to $6.20, including an expected $0.14 impact from LIFO (consensus of $6.14); Capital expenditures Flat to up slightly in total dollars.
Farfetch
For the transcript and press release click HERE
Q1 Non-GAAP EPS of -$0.16 beats by $0.13.
Revenue of $556.39M (+8.1% Y/Y) beats by $41.02M.
Gross Merchandise Value increases 0.1% year-over-year (or increases 4% year-over-year at constant currency) to $931.7 million
Q1 2023 Digital Platform GMV decreases 1% year-over-year (or increases 2% year-over-year at constant currency) to $799.7 million
Q1 2023 Brand Platform GMV increases 10% year-over-year (or increases 15% year-over-year at constant currency) to $109.7 million
Q1 2023 Gross Profit Margin of 43.2% (a decrease of 160 bps year-over-year) and Digital Platform Order Contribution Margin of 32.4% (a decrease of 30 bps year-over-year)
Adjusted EBITDA Margin improved by 90 bps from (8.2)% in first quarter 2022 to (7.3)% in first quarter 2023, primarily due to declines in both demand generation expense and technology expense as a percentage of Adjusted Revenue.
2023 Outlook:
Group GMV of approximately $4.9 billion
Digital Platform GMV of approximately $4.2 billion
Brand Platform GMV of approximately $0.6 billion
Adjusted EBITDA margin of 1% to 3%.
John Deere
For the transcript and press release click HERE
Q2 GAAP EPS of $9.65 beats by $1.01.
Revenue of $17.39B (+30.1% Y/Y) beats by $2.52B.
Full-year net income forecast increased to $9.25 billion to $9.50 billion with cash flow from equipment operations expected to be $10.00 billion to $10.50 billion.