William C. Rhodes Weather and tax refunds were headwinds “After Christmas, the weather was much more mild with minimal snow and ice in the Midwest, Northeast and Mid-Atlantic. During this period, our sales growth moderated. Then, as noted above, in … Continued
AutoZone’s (AZO) CEO Bill Rhodes on Q4 2016 Results Believe international will be good for us “While the domestic business dominates our sales mix and continues to be our primary focus, we believe we have great growth opportunities outside the … Continued
AutoZone’s (AZO) CEO Bill Rhodes on Q3 2016 Results On the surface it looks like sales started strong and moderated but it really was actually consistent ” Our same-store weekly sales performance was quite volatile during the quarter. We started … Continued
Source: John Deere Annual Report John Deere (DE) CEO Sam Allen said the farm equipment recession of the last few years has been the worst in nearly a century “In relation to the farm economy’s robust years earlier in the … Continued
AutoZone’s (AZO) CEO Bill Rhodes on Q2 2016 Results Did not see material change in business trends despite warmer weather “While winter temperatures were milder this year than last, we did not see a material change in business trends from … Continued
Universal Health Services (UHS) Presents at Bank of America Merrill Lynch 2015 Leveraged Finance Brokers Conference Steve Filton Behavioral health business is more recession resistant “if you’re seeking — and you’re seeking acute care treatment, you need a hip implant … Continued
So many different factors affecting gross margins H&M CFO “There are so many different factors affecting our gross margins as we have been talking — it’s like 20, 25 different factors affecting the gross margin. And we don’t want to … Continued
Autozone (AZO) William Rhodes said the company continues to focus on the “do-it-yourself” auto retail segment while also growing it’s commercial garage business “DIY remains our number one priority. Our DIY business continues to grow, remains the largest portion of … Continued
Failure categories outpaced discretionary ones “Regarding merchandise categories, our failure categories continued to do well, outpacing both maintenance and discretionary categories. This was opposite of last quarter and a little unique considering we were hoping the lower gas prices at … Continued
Each week I read dozens of transcripts from earnings calls and presentations as part of my investment process. Below are some of the most important quotes about the economy and industry trends from the transcripts that I read this week. … Continued