The Proficiency
The Q1'22 reporting season is almost complete. Proficiency Index have analysed results and separated out the price inflation element, from real volume performance. This week Walmart, Home Depot, DCC-Exertis, Bunzl, Macfarlane & Target all
reported boosted profits fueled by high price hikes; 75 companies analysed to date
Amazon: Ultimate
"What Amazon doesn't know can hurt you" writes NYTimes Moira Weigel. Amazon has become hugely profitable $800Bn GMV sales organisation that overtook Walmart last year. It largely turns a blind eye to products sold on its platform. How responsible is the 'Everything Store' for everything it supplies?
CCS Media sales
UK's leading independent office supplier CCS Media will break through the £300m ($375m) this year. Another year of powerful double digit growth. We speak with CEO James Hardy about long term investments in people development and creating an "authenticaaly positive business"
The Proficiency
The Q1'22 reporting season is almost complete. Proficiency Index have analysed results and separated out the price inflation element, from real volume performance. This week Walmart, Home Depot, DCC-Exertis, Bunzl, Macfarlane & Target all
reported boosted profits fueled by high price hikes; 75 companies analysed to date
Imperial bags
VC Bain Capital owned Imperial Dade, continued the rapid roll-up of regional hygiene, food service & packaging suppliers in the US. The latest minor move in Alabama tracks a path pioneered by Bunzl and followed by FEMSA-Envoy and BradyIFS. The persistent question prolongs: will Bain back brand and systems integration; seek a merger with Veritiv, or asset strip and flip?
Target's terrific high
The $100Bn+ in sales Target, reported strong Q1'22 results from continuing buoyant 'essentials' demand. CEO Brian Cornell described key success factors as: higher traffic and maintained online ordering in food, bevs & WFH improvement categories from its personalised Shipt same-day delivery!
Exertis exerted in
International IT distributor Exertis' parent DCC Group released its FY'22 results to 31Mar'22. Chief Tim Griffin reported flat sales in a strong WFH/hybrid working market. He described the serious supply chain shortages impacting results and details of Almo purchase
MacFarlane packs
UK packaging giant MacFarlane Group reported strong organic growth in Q1'22 plus an important protective packaging purchase in Germany. CEO Peter Atkinson commented on the relentless progress, market prospects and details of its latest acquisition
Walmart's weak
Former #1 global retailer Walmart reported slower growth in Q1'23. It continued to ape Amazon's initiatives in vain, but benefited from higher ticket prices, CEO Doug McMillon's market share comments appear complacent given its weaker ecommerce activity
Home Depot higher
Home Depot the $150Bn+ home & small business improvement supplier continued to benefit from the WFH lockdown, but slower activity was over compensated by double digit price hikes including a strong recovery in its PRO business supply activity, especially SMB's.
3 D P r i n t i n g
3D printing leaders Stratasys (MakerBot) & 3D Systems recovered from pre Covid norn in Q1'20 but losses continued in Q1'22. The 3D market bubble has truly burst yet management optimism is still rife in spite of reality
Imperial bags
VC Bain Capital owned Imperial Dade, continued the rapid roll-up of regional hygiene, food service & packaging suppliers in the US. The latest move in Indiana stretches nationally along a similar path pioneered by Bunzl and followed by FEMSA-Envoy and BradyIFS. The persistent question remains: will Bain back brand and systems integration; seek a merger with Veritiv, or asset strip and flip?
"Tomorrow's News Today,
not yesterday's news tomorrow."
