Insight recovery
Insight Group ceo Joyce Mullen reported declining organic sales in Q4'22. The group lags leading IT resellers e.g. CDW, Computacenter, Softcat & Synnex. There are encouraging signs of services growth as it plays catch up.
Sealed Air: down,
Sealed Air Corp, the $5Bn+ maker of protective packaging for Food & FM products reported depressed results in Q4'22. CEO Ted Doheny seemed satisfied considering its decline in a buoyant market; and an obvious loss of market share, saved only by price hikes. Analysis here
Pepsi price hikes
PepsiCo the $86Bn giant food & beverages marketer to consumers and business continued to outperform its rivals in sales growth, excellence, innovative snacks & nutrition in Q4'22, CEO Ramon Laguarta was pleased with results but price hikes disguised slight volume declines Analysis here
Unilever appoints
Unilever, the $60Bn+ hygiene, personal care, food & refreshments giant reported inflated sales growth in Q4'22. Departing ceo Alan Jope commented on developments in nutrition and personal care brands, but failed to achieve real growth in a buoyant market. New ceo starts 1July'23. Analysis here
X P O Logistics
Giant transportation laggard XPO Logistics' brash chairman Brad 'Brag' Jacobs reversed his outspoken acquisition spree and is now spinning-off divisions eg. RXO. Meanwhile, in spite of bullish tones, Q4'22 volumes declined losing market share, only saved by price hikes, Updated
Sappi sales sink;
Sappi, the South African based international paper and packaging maker, reported plunging sales volumes boosted by 25% price increases. Whilst acknowledging the paper business is under pressure, CEO Steve Binnie's reinvention strategy relies on restoring slowing packaging power, which is just not happening?
PFG-Vistar: food
Performance Food Group inc Vistar, the leading US food & beverage services wholesaler reported a steady sales increase in Q2'23 as businesses & restaurants returned towards 'normal'. CEO George Holm commented on market share gains and the resilience of the independent restaurant market. Updated
CDW tech sales
CDW, the $24Bn international reseller of IT products & services, slowed down markedly in Q4'22. Strong US SMB demand and steady Corporate markets were more than offset by weaker demand in rthe larger Public segment.. CEO Chris Leahy commented positively about its integrated solutions prospects in 2023. Updated
Unstoppable Uber
Uber, the hugely popular international taxi & delivery service reported impressive growth in Q4'22 to take gross revenues past $120Bn. Its market capitalisation is now higher than FedEx fuelled by tremendous growth in the mobility business. Updated
Reactive Ryman's
UK stationery retailer Ryman Group reported recovering sales to 31 Mar'22. Sales have suffered without a credible webstore. It has become a messy ecommerce-lite WHSmith, with ceo Theo Paphitis typically blaming outside factors for poor performance...still well below pre Covid norms
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