15 hours ago
For the quarter ending 2 August 2026, the company reported lower than expected revenue at $2.4bn, down 4% from $2.53bn in the previous year.
This was driven by an 8% decline in the Americas and China mainland, where revenue grew 4%. International net revenue increased 4%.
Comparable sales declined by 9% overall during the quarter. In the Americas, comparable sales fell by 12%, while international comparable sales recorded a 3% decrease.
During the company's earnings call, interim co-CEO and chief financial officer (CFO) Meghan Frank said: "As we moved into Q2, we faced negative commentary in the media and social channels, which impacted traffic and softer than planned response to some new product launches, which contributed to a moderating sales trend."
Lululemon reported gross profit of $1.5bn in Q2, a decrease of 1%, but gross margin improved by 200 basis points to 60.5%. The margin increase was bolstered by $134.5m in tariff refunds, which boosted the measure by 560 basis points.
#revenue #Margin
This was driven by an 8% decline in the Americas and China mainland, where revenue grew 4%. International net revenue increased 4%.
Comparable sales declined by 9% overall during the quarter. In the Americas, comparable sales fell by 12%, while international comparable sales recorded a 3% decrease.
During the company's earnings call, interim co-CEO and chief financial officer (CFO) Meghan Frank said: "As we moved into Q2, we faced negative commentary in the media and social channels, which impacted traffic and softer than planned response to some new product launches, which contributed to a moderating sales trend."
Lululemon reported gross profit of $1.5bn in Q2, a decrease of 1%, but gross margin improved by 200 basis points to 60.5%. The margin increase was bolstered by $134.5m in tariff refunds, which boosted the measure by 560 basis points.
#revenue #Margin
2 days ago
The NASCAR O'Reilly Auto Parts Series Chase begins with the Fleetio 200 on Sept. 5 at Darlington.
Carson Kvapil will lead the field to the green flag, with Justin Allgaier joining him on the front row.
All 12 Chase drivers qualified inside the top 15.
Cup Series practice and qualifying was impacted by weather earlier on Sept. 5, so an eye on the radar will be needed as race time approaches in South Carolina.
Follow along with the Tennessean's race updates below:
#series #darlington
Carson Kvapil will lead the field to the green flag, with Justin Allgaier joining him on the front row.
All 12 Chase drivers qualified inside the top 15.
Cup Series practice and qualifying was impacted by weather earlier on Sept. 5, so an eye on the radar will be needed as race time approaches in South Carolina.
Follow along with the Tennessean's race updates below:
#series #darlington
2 days ago
AUSTIN, Texas — A season with high expectations gets under way for the No. 5 Texas Longhorns on Saturday against the Texas State Bobcats at Darrell K Royal-Texas Memorial Stadium in a prelude to the No. 1 Ohio State Buckeyes coming to the Forty Acres next week.
After Texas State received the opening kickoff, a touchback deep into the end zone, Texas gave up a first down on three short completions, but inflicted a tackle for loss on a second-down running play and got pressure on Bobcats quarterback Brad Jackson to force a throwaway on third down under pressure from fifth-year defensive tackle Hero Kanu.
A bad snap to the Texas State punter impacted his rhythm, leading to a shank out of bounds only 17 yards past the line of scrimmage, affording Texas favorable field position at its own 44-yard line.
Lined up in 12 personnel, the first touch went to senior running back Hollywood Smothers, who bounced the run outside behind blocks from sophomore tight end Nick Townsend and junior wide receiver Ryan Wingo, made two defenders miss in the open field, and got down the sideline for a 45-yard gain.
Two plays later, on 3rd and 5, junior wide receiver Cam Coleman beat an attempt to jam him at the line of scrimmage and left the Texas State cornerback falling to the ground on an easy six-yard touchdown catch, his first touch for the Longhorns.
#state #first #bobcats
After Texas State received the opening kickoff, a touchback deep into the end zone, Texas gave up a first down on three short completions, but inflicted a tackle for loss on a second-down running play and got pressure on Bobcats quarterback Brad Jackson to force a throwaway on third down under pressure from fifth-year defensive tackle Hero Kanu.
A bad snap to the Texas State punter impacted his rhythm, leading to a shank out of bounds only 17 yards past the line of scrimmage, affording Texas favorable field position at its own 44-yard line.
Lined up in 12 personnel, the first touch went to senior running back Hollywood Smothers, who bounced the run outside behind blocks from sophomore tight end Nick Townsend and junior wide receiver Ryan Wingo, made two defenders miss in the open field, and got down the sideline for a 45-yard gain.
Two plays later, on 3rd and 5, junior wide receiver Cam Coleman beat an attempt to jam him at the line of scrimmage and left the Texas State cornerback falling to the ground on an easy six-yard touchdown catch, his first touch for the Longhorns.
#state #first #bobcats
2 days ago
Beyoncé's BeyGOOD foundation is donating $200,000 to support relief efforts for those impacted by the recent floods in Indiana.
As announced by the foundation on its official website, the Beyoncé-founded organization is donating $200,000 to City Life Center and Angel by Nature, two foundations that are on the ground in Indiana to ***** ist with relief efforts. The recent floods in Indiana have left over 1,000 people without a home, and the donation will help to ***** ist recovery and relief efforts in the worst-affected areas, including the city of Gary.
The organizations are helping to provide food, household supplies, and other essentials to anyone impacted by the flooding.
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On August 11, the state of Indiana was hit with heavy rainfall and thunderstorms, causing widespread flooding. At least seven confirmed deaths have been reported, per CBS News, and Governor Mike Braun has declared a statewide disaster. Over one million people were left without power at the start of the flooding.
#city #impacted
As announced by the foundation on its official website, the Beyoncé-founded organization is donating $200,000 to City Life Center and Angel by Nature, two foundations that are on the ground in Indiana to ***** ist with relief efforts. The recent floods in Indiana have left over 1,000 people without a home, and the donation will help to ***** ist recovery and relief efforts in the worst-affected areas, including the city of Gary.
The organizations are helping to provide food, household supplies, and other essentials to anyone impacted by the flooding.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
On August 11, the state of Indiana was hit with heavy rainfall and thunderstorms, causing widespread flooding. At least seven confirmed deaths have been reported, per CBS News, and Governor Mike Braun has declared a statewide disaster. Over one million people were left without power at the start of the flooding.
#city #impacted
3 days ago
The start of the 2026 college football season looks like a wet one. So as rain and storms pound Michigan, how might Michigan State's opener against Toledo be impacted?
Fans travelling to Spartan Stadium should expect a damp pregame and tailgating experience on Friday, Sept. 4, but the good news is the weather appears set for clearing up by kickoff.
As of 11 a.m. Friday, AccuWeather forecasted at least a 50% chance of rain through 4 p.m., but the numbers go down the later you go into the evening. For the 8 p.m. kick against Toledo, AccuWeather gives it a 34% chance of precipitation in East Lansing.
Of course, rain can be chalked up as football weather. What fans really don't want to see is lightning, as every instance of a lightning strike within an eight-mile radius invokes an immediate 30-minute delay. Play does not resume until a full half-hour passes without a recorded strike.
The Weather Channel forecasts isolated thunderstorms around the 6 p.m. hour, but neither AccuWeather nor Weather Channel forecast any thunderstorms after 8 p.m.
#Rain #michigan #Friday #channel
Fans travelling to Spartan Stadium should expect a damp pregame and tailgating experience on Friday, Sept. 4, but the good news is the weather appears set for clearing up by kickoff.
As of 11 a.m. Friday, AccuWeather forecasted at least a 50% chance of rain through 4 p.m., but the numbers go down the later you go into the evening. For the 8 p.m. kick against Toledo, AccuWeather gives it a 34% chance of precipitation in East Lansing.
Of course, rain can be chalked up as football weather. What fans really don't want to see is lightning, as every instance of a lightning strike within an eight-mile radius invokes an immediate 30-minute delay. Play does not resume until a full half-hour passes without a recorded strike.
The Weather Channel forecasts isolated thunderstorms around the 6 p.m. hour, but neither AccuWeather nor Weather Channel forecast any thunderstorms after 8 p.m.
#Rain #michigan #Friday #channel
4 days ago
A former employee has filed a class action lawsuit against Ceva Logistics, alleging the freight giant failed to protect highly sensitive personal information stolen during a recent cyberattack that impacted operations in Europe.
Hackers gained access to Ceva Logistics systems and data in late July, which disrupted operations at eight warehouses that provide store replenishment and e-commerce fulfillment for retailers in the Netherlands and other European countries, as FreightWaves reported. The legal action suggests that customers were not the only ones affected by the data breach.
Why It Matters: France-based Ceva is one of the largest third-party logistics providers, with more than 1,000 warehouses worldwide. Last year the company generated $18.3 billion in revenue.
Kevin Krupa, a former employee, sued Ceva Logistics late last month in U.S. District Court for the Southern District of Texas, in Houston, where Ceva's U.S. headquarters is located.
The complaint alleges that the personal information of employees, including bank account details and social security numbers, was stolen during the cyber intrusion, which never would have happened had the company taken appropriate precautions following a similar incident a year earlier.
#ceva
Hackers gained access to Ceva Logistics systems and data in late July, which disrupted operations at eight warehouses that provide store replenishment and e-commerce fulfillment for retailers in the Netherlands and other European countries, as FreightWaves reported. The legal action suggests that customers were not the only ones affected by the data breach.
Why It Matters: France-based Ceva is one of the largest third-party logistics providers, with more than 1,000 warehouses worldwide. Last year the company generated $18.3 billion in revenue.
Kevin Krupa, a former employee, sued Ceva Logistics late last month in U.S. District Court for the Southern District of Texas, in Houston, where Ceva's U.S. headquarters is located.
The complaint alleges that the personal information of employees, including bank account details and social security numbers, was stolen during the cyber intrusion, which never would have happened had the company taken appropriate precautions following a similar incident a year earlier.
#ceva
4 days ago
Dallas Fed research confirms GenAI is actively displacing medical, legal, accounting, and coding workers, with recent college graduates disproportionately impacted.
AI-driven job losses could push U.S. unemployment from 4% to 10%, matching Great Recession peaks and displacing roughly 10 million workers.
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Will AI take jobs, or is the claim just a mirage? New data from the Federal Reserve Bank of Dallas shows that AI as a human replacement has started and is accelerating. The jobs being taken match many forecasts of vulnerable sectors. The information also indicates the job destruction will spread.
In a new research paper ***** led "Job postings show early signs of AI automation impact," the authors report, "A new ***** ysis, using data from millions of online job postings, shows GenAI is reshaping labor demand in Texas."
#GenAI #Research #workers #Jobs
AI-driven job losses could push U.S. unemployment from 4% to 10%, matching Great Recession peaks and displacing roughly 10 million workers.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Will AI take jobs, or is the claim just a mirage? New data from the Federal Reserve Bank of Dallas shows that AI as a human replacement has started and is accelerating. The jobs being taken match many forecasts of vulnerable sectors. The information also indicates the job destruction will spread.
In a new research paper ***** led "Job postings show early signs of AI automation impact," the authors report, "A new ***** ysis, using data from millions of online job postings, shows GenAI is reshaping labor demand in Texas."
#GenAI #Research #workers #Jobs
4 days ago
Twenty-one years ago, the White Sox swept the Astros in the World Series to end an 88-year championship drought, bringing baseball jubilation to the south side of Chicago. Occasional regular-season interleague series followed until 2013, when Houston made the move from the NL Central to the AL West, inviting the possibility that the two franchises could meet far more frequently in October. But that has occurred just once in the years since, with the Astros eliminating the White Sox in the 2021 ALDS en route to the pennant and sending the White Sox spiraling into a dark period for the franchise while Houston was in the middle of its golden era.
Five years later, the White Sox have emerged from their deep rebuild, and the Astros are desperately trying to keep their competitive window open. And in an ultra-weak American League (particularly outside the AL East), an unlikely race has surfaced between the White Sox and Astros, the current Central and West leaders, to claim the No. 2 seed and the valuable first-round bye that comes with it. As such, this week's four-game series at Daikin Park carried a ton of weight with October fast approaching. The Astros took advantage of the opportunity, taking three of four to close the gap with the White Sox to just 1.5 games.
Here are five takeaways from this week's series in H-Town.
Join or create a Yahoo Fantasy Football league for the 2026 NFL season
When a team moves on from a general manager, it's natural to reflect on their tenure and contemplate how the moves they did and didn't make impacted the trajectory of the organization. Without question, the most significant transaction recently fired GM Dana Brown executed during his three-plus years leading the Astros' front office was trading outfielder Kyle Tucker to the Cubs in exchange for three players: infielder Isaac Paredes, then-top prospect and recent first-round pick Cam Smith and right-hander Hayden Wesneski. While Brown experienced several other successes and missteps during his time as Houston's baseball ops leader, that trade — and how much these three players end up contributing to the Astros — will define his tenure.
#series #years
Five years later, the White Sox have emerged from their deep rebuild, and the Astros are desperately trying to keep their competitive window open. And in an ultra-weak American League (particularly outside the AL East), an unlikely race has surfaced between the White Sox and Astros, the current Central and West leaders, to claim the No. 2 seed and the valuable first-round bye that comes with it. As such, this week's four-game series at Daikin Park carried a ton of weight with October fast approaching. The Astros took advantage of the opportunity, taking three of four to close the gap with the White Sox to just 1.5 games.
Here are five takeaways from this week's series in H-Town.
Join or create a Yahoo Fantasy Football league for the 2026 NFL season
When a team moves on from a general manager, it's natural to reflect on their tenure and contemplate how the moves they did and didn't make impacted the trajectory of the organization. Without question, the most significant transaction recently fired GM Dana Brown executed during his three-plus years leading the Astros' front office was trading outfielder Kyle Tucker to the Cubs in exchange for three players: infielder Isaac Paredes, then-top prospect and recent first-round pick Cam Smith and right-hander Hayden Wesneski. While Brown experienced several other successes and missteps during his time as Houston's baseball ops leader, that trade — and how much these three players end up contributing to the Astros — will define his tenure.
#series #years
5 days ago
Kate Beckinsale opened up about PTSD and how it can deeply affect daily life and relationships
She urged people to show kindness, emphasizing that struggles like PTSD are often invisible to others
Beckinsale reflected on grief from losing her mother, sharing how it has impacted her mental and physical health
Kate Beckinsale is getting candid about how difficult navigating post-traumatic stress disorder (PTSD) can be.
On Wednesday, Sept. 2, the actress, 53, shared a video discussing PTSD and how it isn't fully understood or studied, especially among women. The post came just after the 53-year-old shared a slew of Instagram Stories about her late mother, Judy Loe, and her struggles with grief.
#sept
She urged people to show kindness, emphasizing that struggles like PTSD are often invisible to others
Beckinsale reflected on grief from losing her mother, sharing how it has impacted her mental and physical health
Kate Beckinsale is getting candid about how difficult navigating post-traumatic stress disorder (PTSD) can be.
On Wednesday, Sept. 2, the actress, 53, shared a video discussing PTSD and how it isn't fully understood or studied, especially among women. The post came just after the 53-year-old shared a slew of Instagram Stories about her late mother, Judy Loe, and her struggles with grief.
#sept
6 days ago
Jarrett Patterson didn't join the San Francisco 49ers via trade until Monday. But last week, within the locker room of his former team, Patterson's future team was already a topic of discussion.
Not because they knew Patterson - whom the Houston Texans traded to the 49ers for a seventh-round pick - would soon be boarding a flight to San Francisco. They were simply discussing the story that has taken the NFL world by storm over the past week.
Related: How a fake 49er allegedly scammed women out of more than $1 million
Daejon Love, who was arrested Aug. 24, allegedly scammed 26 women out of more than $1.3 million dollars by, in large part, posing as a former 49ers wide receiver. The four-plus year scam impacted victims financially and emotionally, with one woman telling the Chronicle: "I let my guard down." Love used dating apps like Tinder, **** ble and Hinge as well as Facebook to connect with women whom he would eventually reel in by convincing them of his lavish lifestyle, headlined by extravagant cars and an NFL paycheck.
So, how did the real 49ers react when they learned about the fake, wannabe 49er?
#whom
Not because they knew Patterson - whom the Houston Texans traded to the 49ers for a seventh-round pick - would soon be boarding a flight to San Francisco. They were simply discussing the story that has taken the NFL world by storm over the past week.
Related: How a fake 49er allegedly scammed women out of more than $1 million
Daejon Love, who was arrested Aug. 24, allegedly scammed 26 women out of more than $1.3 million dollars by, in large part, posing as a former 49ers wide receiver. The four-plus year scam impacted victims financially and emotionally, with one woman telling the Chronicle: "I let my guard down." Love used dating apps like Tinder, **** ble and Hinge as well as Facebook to connect with women whom he would eventually reel in by convincing them of his lavish lifestyle, headlined by extravagant cars and an NFL paycheck.
So, how did the real 49ers react when they learned about the fake, wannabe 49er?
#whom
7 days ago
Partners Group is replacing its CEO as the firm reported mixed interim results against the backdrop of redemption pressure on its evergreen products.
David Layton, who has been sole CEO since 2021 and with the firm since 2005, will step down to become CIO and chair of the global investment committee.
Roberto Cagnati and Juri Jenkner, both hired in 2004, will take over as co-CEOs effective January 1, 2027.
"At this point in the year, if you're not already signed and marching towards exit, there's just uncertainty there."
The performance fee generation in evergreen programs was also impacted by the lower performance in select mature PE portfolios in H1.
#evergreen #since #david #layton
David Layton, who has been sole CEO since 2021 and with the firm since 2005, will step down to become CIO and chair of the global investment committee.
Roberto Cagnati and Juri Jenkner, both hired in 2004, will take over as co-CEOs effective January 1, 2027.
"At this point in the year, if you're not already signed and marching towards exit, there's just uncertainty there."
The performance fee generation in evergreen programs was also impacted by the lower performance in select mature PE portfolios in H1.
#evergreen #since #david #layton
7 days ago
On Saturday, USC opened up its 2026 season by handling San Jose State 42-26 at the Coliseum. With the victory, the Trojans started off the year 1-0.
One of the talking points following the game had nothing to do with what happened on the field itself, but rather in the crowd. Due to extremely hot temperatures, an early kickoff, and not exactly a marquee opponent, the Trojans drew their lowest attendance in nearly eight years.
On Sunday, USC issued a statement to USA TODAY regarding the Coliseum crowd.
"We understand the factors that impacted Saturday's attendance," the statement read. "We have high expectations and a premier home schedule this season, and we know the competitive advantage an electric Coliseum atmosphere can provide our program. We thank our fans who showed up Saturday and look forward to seeing increased attendance the rest of the season."
The good news is that the factors that played into Saturday's low attendance should not be a problem the rest of the season. The bad news, however, is that the Trojans play a Friday game this week against Fresno State, which also typically tend to draw smaller crowds.
#state
One of the talking points following the game had nothing to do with what happened on the field itself, but rather in the crowd. Due to extremely hot temperatures, an early kickoff, and not exactly a marquee opponent, the Trojans drew their lowest attendance in nearly eight years.
On Sunday, USC issued a statement to USA TODAY regarding the Coliseum crowd.
"We understand the factors that impacted Saturday's attendance," the statement read. "We have high expectations and a premier home schedule this season, and we know the competitive advantage an electric Coliseum atmosphere can provide our program. We thank our fans who showed up Saturday and look forward to seeing increased attendance the rest of the season."
The good news is that the factors that played into Saturday's low attendance should not be a problem the rest of the season. The bad news, however, is that the Trojans play a Friday game this week against Fresno State, which also typically tend to draw smaller crowds.
#state
7 days ago
The college football season got underway Saturday for what could be the sport's final Week 0. One of the teams that kicked things off was the historic USC Trojans.
However, something was noticeably off, and it was even apparent during the broadcast. Los Angeles Memorial Coliseum looked remarkably empty as USC opened the season against San Jose State. The lack of attendance drew so much attention that the school eventually released a statement addressing the issue.
"We understand the factors that impacted Saturday's attendance," USC said via USA TODAY Sports. "We have high expectations and a premier home schedule this season, and we know the competitive advantage an electric Coliseum atmosphere can provide our program. We thank our fans who showed up Saturday and look forward to seeing increased attendance the rest of the season."
MORE: Is USC's terrible Week 0 attendance a big deal?
The Trojans officially announced an attendance of 51,144 for the game, their lowest figure under head coach Lincoln Riley and their lowest since 2018. However, the stadium appeared to have significantly fewer fans in attendance, creating an embarrassing visual for one of college football's most recognizable programs.
#attendance #coliseum
However, something was noticeably off, and it was even apparent during the broadcast. Los Angeles Memorial Coliseum looked remarkably empty as USC opened the season against San Jose State. The lack of attendance drew so much attention that the school eventually released a statement addressing the issue.
"We understand the factors that impacted Saturday's attendance," USC said via USA TODAY Sports. "We have high expectations and a premier home schedule this season, and we know the competitive advantage an electric Coliseum atmosphere can provide our program. We thank our fans who showed up Saturday and look forward to seeing increased attendance the rest of the season."
MORE: Is USC's terrible Week 0 attendance a big deal?
The Trojans officially announced an attendance of 51,144 for the game, their lowest figure under head coach Lincoln Riley and their lowest since 2018. However, the stadium appeared to have significantly fewer fans in attendance, creating an embarrassing visual for one of college football's most recognizable programs.
#attendance #coliseum
7 days ago
Jason Ritter shared how comparisons to his late father, John Ritter, impacted his early acting auditions
He felt less pressure in dramatic auditions, where he didn't face the same comedic expectations
John Ritter died in 2003
Jason Ritter is opening up about the pressure he felt during early auditions, as casting agents and producers were often familiar with the work of his father, the late John Ritter.
Speaking on a recent episode of the Brotherly Love podcast, Jason, 46, recounted that he felt "internal kind of conflicts" during the auditioning process, early on in his career.
#father #pressure
He felt less pressure in dramatic auditions, where he didn't face the same comedic expectations
John Ritter died in 2003
Jason Ritter is opening up about the pressure he felt during early auditions, as casting agents and producers were often familiar with the work of his father, the late John Ritter.
Speaking on a recent episode of the Brotherly Love podcast, Jason, 46, recounted that he felt "internal kind of conflicts" during the auditioning process, early on in his career.
#father #pressure
7 days ago
Beyoncé Knowles Carter is donating $200,000 to support relief efforts for those impacted by the recent floods in Indiana through her BeyGood Foundation.
The foundation shared a post on its official Instagram account on Monday about the latest effort.
The caption read, "Today BeyGOOD Foundation, founded by Beyoncé, is announcing a donation of $200,000 to help with relief efforts in Indiana. The funds will go to City Life Center and Angel by Nature that's on the ground aiding communities most affected following the record flooding caused by a derecho storm that destroyed infrastructure, leaving more than 1000 people unhoused. The fund will immediately support critical relief and recovery efforts in the neediest areas, including the city of Gary, providing food, household supplies, and other essential resources to individuals and families impacted by the flooding."
The post ended with a call to action, telling its followers "If you'd like to help those impacted by the disaster in Indiana, please consider making a donation at beygood.org."
#beygood #beyonc #city #post
The foundation shared a post on its official Instagram account on Monday about the latest effort.
The caption read, "Today BeyGOOD Foundation, founded by Beyoncé, is announcing a donation of $200,000 to help with relief efforts in Indiana. The funds will go to City Life Center and Angel by Nature that's on the ground aiding communities most affected following the record flooding caused by a derecho storm that destroyed infrastructure, leaving more than 1000 people unhoused. The fund will immediately support critical relief and recovery efforts in the neediest areas, including the city of Gary, providing food, household supplies, and other essential resources to individuals and families impacted by the flooding."
The post ended with a call to action, telling its followers "If you'd like to help those impacted by the disaster in Indiana, please consider making a donation at beygood.org."
#beygood #beyonc #city #post
9 days ago
Logistics rivals FedEx Corporation (NYSE:FDX) and United Parcel Service, Inc. (NYSE:UPS) shared the spotlight on August 20, when the U.S. Transportation Command awarded both giants modified defense contracts worth an estimated $2.72 billion each under the Next Generation Delivery Service-2 program. Securing multi-year government cash flows through September 2030 provides a steady baseline for both carriers. However, underneath this shared win lies a stark divergence in operational performance and investor sentiment.
Comparing FedEx's fiscal Q4 2026 with UPS's Q2 2026 highlights two distinct corporate turnarounds.
FedEx Corporation (NYSE:FDX) capped off its fiscal year with strong momentum. Q4 revenue surged 13% year-over-year to $25.0 billion, while adjusted EPS rose to $6.31, and management surpassed its $1 billion structural cost-savings target via its DRIVE program. With the spin-off of its Freight unit completed in June 2026, a leaner FedEx issued a confident calendar year 2026 outlook, projecting ~11% top-line growth and adjusted EPS of $16.90 to $18.10.
United Parcel Service, Inc. (NYSE:UPS) showed its own signs of life in Q2 2026 following a sluggish start to the year. Consolidated revenue increased 7.6% year-over-year to $22.8 billion, beating Wall Street expectations. Adjusted EPS came in at $1.76 against GAAP EPS of $0.71 (impacted by $891 million in transformation and driver severance costs). Adjusted operating margins expanded 40 basis points to 9.2%, led by a 21% operating profit jump in the U.S. Domestic package. The turn was strong enough for UPS to raise its full-year guidance, now projecting revenue of ~$91.2 billion and adjusted EPS of ~$7.22.
While both companies beat quarterly expectations and raised forecasts, FDX is currently outperforming on growth speed and structural network integration (Network 2.0), whereas UPS carries higher margin leverage but faces heavier transformation friction.
#year #corporation
Comparing FedEx's fiscal Q4 2026 with UPS's Q2 2026 highlights two distinct corporate turnarounds.
FedEx Corporation (NYSE:FDX) capped off its fiscal year with strong momentum. Q4 revenue surged 13% year-over-year to $25.0 billion, while adjusted EPS rose to $6.31, and management surpassed its $1 billion structural cost-savings target via its DRIVE program. With the spin-off of its Freight unit completed in June 2026, a leaner FedEx issued a confident calendar year 2026 outlook, projecting ~11% top-line growth and adjusted EPS of $16.90 to $18.10.
United Parcel Service, Inc. (NYSE:UPS) showed its own signs of life in Q2 2026 following a sluggish start to the year. Consolidated revenue increased 7.6% year-over-year to $22.8 billion, beating Wall Street expectations. Adjusted EPS came in at $1.76 against GAAP EPS of $0.71 (impacted by $891 million in transformation and driver severance costs). Adjusted operating margins expanded 40 basis points to 9.2%, led by a 21% operating profit jump in the U.S. Domestic package. The turn was strong enough for UPS to raise its full-year guidance, now projecting revenue of ~$91.2 billion and adjusted EPS of ~$7.22.
While both companies beat quarterly expectations and raised forecasts, FDX is currently outperforming on growth speed and structural network integration (Network 2.0), whereas UPS carries higher margin leverage but faces heavier transformation friction.
#year #corporation
9 days ago
Umar Nurmagomedov's return to the octagon at UFC Fight Night 286 didn't end in a pretty scene.
Umar (20-2 MMA, 8-2 UFC) was left unconscious after eating a monster uppercut from fellow UFC bantamweight ***** le contender Song Yadong (24-9-1 MMA, 13-4-1 UFC) in the main event of Saturday's card in Shanghai.
Song's win was a big upset that few predicted. It left many watching in shock, but perhaps those impacted most were Umar's corner team, which was composed of PFL lightweight champion Usman Nurmagomedov, UFC Hall of Famer Khabib Nurmagomedov, as well as Iakub Shikhdzhamalov and Abubakar Nurmagomedov. All four were left visibly distraught by the result.
Usman, the younger brother of Usman, jumped into the cage and immediately rushed toward his fallen sibling. In the process, Usman collided with Song, who was running around the octagon celebrating the upset in front of an electric crowd. It then appeared that Usman held back from throwing an elbow at Song.
THe situation quickly deescalated, with Khabib offering to help wipe blood from Song's cut eyebrow as the teams interacted in a respectful manner.
#song #khabib #night
Umar (20-2 MMA, 8-2 UFC) was left unconscious after eating a monster uppercut from fellow UFC bantamweight ***** le contender Song Yadong (24-9-1 MMA, 13-4-1 UFC) in the main event of Saturday's card in Shanghai.
Song's win was a big upset that few predicted. It left many watching in shock, but perhaps those impacted most were Umar's corner team, which was composed of PFL lightweight champion Usman Nurmagomedov, UFC Hall of Famer Khabib Nurmagomedov, as well as Iakub Shikhdzhamalov and Abubakar Nurmagomedov. All four were left visibly distraught by the result.
Usman, the younger brother of Usman, jumped into the cage and immediately rushed toward his fallen sibling. In the process, Usman collided with Song, who was running around the octagon celebrating the upset in front of an electric crowd. It then appeared that Usman held back from throwing an elbow at Song.
THe situation quickly deescalated, with Khabib offering to help wipe blood from Song's cut eyebrow as the teams interacted in a respectful manner.
#song #khabib #night
10 days ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management characterized Q3 as a solid quarter of earnings growth despite mixed top-line results driven by deliberate portfolio shaping and a pressured consumer environment.
Foodservice delivered its 12th consecutive quarter of organic growth, outperforming industry traffic trends through a focus on premium prepared proteins and branded pepperoni.
Retail performance was impacted by the divestiture of the whole-bird turkey business and exits from private label snack nuts, alongside pricing elasticities from recent price increases.
Strategic momentum remains strong in priority brands like Jennie-O ground turkey, Applegate, and Planters, which benefited from targeted digital marketing and in-store activations.
#tell #retail
Management characterized Q3 as a solid quarter of earnings growth despite mixed top-line results driven by deliberate portfolio shaping and a pressured consumer environment.
Foodservice delivered its 12th consecutive quarter of organic growth, outperforming industry traffic trends through a focus on premium prepared proteins and branded pepperoni.
Retail performance was impacted by the divestiture of the whole-bird turkey business and exits from private label snack nuts, alongside pricing elasticities from recent price increases.
Strategic momentum remains strong in priority brands like Jennie-O ground turkey, Applegate, and Planters, which benefited from targeted digital marketing and in-store activations.
#tell #retail
10 days ago
Pharmaceutical giant Johnson & Johnson (NYSE:JNJ) is one of Jim Cramer's favorite stocks in the sector. Over the course of this year, the CNBC TV host has praised the firm on multiple occasions. Among the reasons that he has been optimistic about Johnson & Johnson (NYSE:JNJ) include the firm's cancer drug portfolio and its Triple A balance sheet. For instance, in his July 6th appearance on Mad Money, Cramer remarked that "P&Gs and the J&Js in your portfolio allow you to safely own the techs." With tech stocks struggling recent due to concerns about the data center buildout, it was unsurprising that Johnson & Johnson (NYSE:JNJ) popped up on his radar once again on August 24th:
"I've been using that one stock JNJ to be able to [example] becuase it has a better balance sheet at this point than the US government, it doesn't need money, it's got very good science. It's not hostage to the government right now. It's got more new drugs than any of the, 18 new compounds, could be a billion dollars. And I come back and say, all right, well that's the treasury, plus the upside."
Johnson & Johnson (NYSE:JNJ)'s shares are up by more than 50% over the past year. Cramer's optimism about the firm covers several, but not all, aspects of the debate surrounding the firm. While Johnson & Johnson (NYSE:JNJ) has raised its full-year revenue guidance to a midpoint of $101 billion, removed headwinds related to its longstanding talcum powder lawsuits and posted strong growth with its Darzalex and Tremfya drugs for myeloma and psoriasis, concerns about its MedTech growth, flat profits growth and a 55.7% sales hit to its immune system disorders drug Stelara continue to raise the potential for headwinds.
For instance, Johnson & Johnson (NYSE:JNJ)'s MedTech business grew by a mere 3.6% in the second quarter as it was impacted by a slowdown in sales of heart-recovery devices following a study in the United Kingdom. Additionally, for a firm that's struggling on the net income growth front, $5.5 billion in talc powder settlements will continue to be a headwind to the cash flow. Johnson & Johnson (NYSE:JNJ) is due to pay $3 billion out of the $5.5 billion in 2027. Yet, at the same time, the diversified business nature means that some segments are growing. One example is the Innovative Medicine Business, which grew by 6.8% to $16.4 billion revenue, due to Darzalex and Tremfya.
Looking at hedge fund sentiment, while 113 out of the 1,022 funds part of Insider Monkey's Q1 database had held a stake in Johnson & Johnson (NYSE:JNJ), the figure jumped to 117 out of 1,006 funds in Q2. Among the notable additions was Polar Capital's $199 million stake, while Fisher ****** et Management ****** ped its stake by 44% to $3.3 billion. On the valuation front, Johnson & Johnson (NYSE:JNJ) trades at a forward P/E ratio of 23.4,2 which is lower than MRK's 56.82 and higher than AbbVie's 18.83. Shares short as a percentage of float are negligible at roughly 1%.
#billion #tremfya
"I've been using that one stock JNJ to be able to [example] becuase it has a better balance sheet at this point than the US government, it doesn't need money, it's got very good science. It's not hostage to the government right now. It's got more new drugs than any of the, 18 new compounds, could be a billion dollars. And I come back and say, all right, well that's the treasury, plus the upside."
Johnson & Johnson (NYSE:JNJ)'s shares are up by more than 50% over the past year. Cramer's optimism about the firm covers several, but not all, aspects of the debate surrounding the firm. While Johnson & Johnson (NYSE:JNJ) has raised its full-year revenue guidance to a midpoint of $101 billion, removed headwinds related to its longstanding talcum powder lawsuits and posted strong growth with its Darzalex and Tremfya drugs for myeloma and psoriasis, concerns about its MedTech growth, flat profits growth and a 55.7% sales hit to its immune system disorders drug Stelara continue to raise the potential for headwinds.
For instance, Johnson & Johnson (NYSE:JNJ)'s MedTech business grew by a mere 3.6% in the second quarter as it was impacted by a slowdown in sales of heart-recovery devices following a study in the United Kingdom. Additionally, for a firm that's struggling on the net income growth front, $5.5 billion in talc powder settlements will continue to be a headwind to the cash flow. Johnson & Johnson (NYSE:JNJ) is due to pay $3 billion out of the $5.5 billion in 2027. Yet, at the same time, the diversified business nature means that some segments are growing. One example is the Innovative Medicine Business, which grew by 6.8% to $16.4 billion revenue, due to Darzalex and Tremfya.
Looking at hedge fund sentiment, while 113 out of the 1,022 funds part of Insider Monkey's Q1 database had held a stake in Johnson & Johnson (NYSE:JNJ), the figure jumped to 117 out of 1,006 funds in Q2. Among the notable additions was Polar Capital's $199 million stake, while Fisher ****** et Management ****** ped its stake by 44% to $3.3 billion. On the valuation front, Johnson & Johnson (NYSE:JNJ) trades at a forward P/E ratio of 23.4,2 which is lower than MRK's 56.82 and higher than AbbVie's 18.83. Shares short as a percentage of float are negligible at roughly 1%.
#billion #tremfya
10 days ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
The closure of the Strait of Hormuz has fundamentally shifted global LPG trade flows, forcing a reliance on U.S. Gulf exports to compensate for a 46% decline in Middle Eastern volumes.
Shipping TCE income of $74,000 per available day was impacted by $16.4 million in IFRS 15 adjustments and $12 million in FFA adjustments, despite strong underlying spot performance.
Product Services achieved a realized trading gain of $127 million, though reported results were masked by a $145 million unrealized mark-to-market valuation loss on open positions.
Operational efficiency was maintained with 96% fleet utilization despite a heavy dry-docking schedule involving 99 days in Q2 and 58 expected in Q3.
#adjustments #NVIDIA #gulf
The closure of the Strait of Hormuz has fundamentally shifted global LPG trade flows, forcing a reliance on U.S. Gulf exports to compensate for a 46% decline in Middle Eastern volumes.
Shipping TCE income of $74,000 per available day was impacted by $16.4 million in IFRS 15 adjustments and $12 million in FFA adjustments, despite strong underlying spot performance.
Product Services achieved a realized trading gain of $127 million, though reported results were masked by a $145 million unrealized mark-to-market valuation loss on open positions.
Operational efficiency was maintained with 96% fleet utilization despite a heavy dry-docking schedule involving 99 days in Q2 and 58 expected in Q3.
#adjustments #NVIDIA #gulf
11 days ago
Qnity Electronics, Inc. (NYSE:Q) reported solid second-quarter 2026 financial results, driven by disciplined execution across its core segments and deep integration into high-performance technology roadmaps. On the back of strong demand momentum, the company raised its full-year 2026 financial guidance. Qnity now expects full-year adjusted EPS of $4.40 to $4.60 (up from its prior forecast of $3.80 to $4.14), net sales between $5.55 billion and $5.65 billion, adjusted operating EBITDA of $1.675 billion to $1.725 billion, and adjusted free cash flow of $600 million to $700 million.
For Q2 2026, Qnity Electronics, Inc. (NYSE:Q) generated net sales of $1.4 billion, up 22% year-over-year on a 23% volume increase. Growth was balanced across both operational divisions: Semiconductor Technologies produced $744 million in revenue (with adjusted operating EBITDA of $253 million), while Interconnect Solutions delivered $685 million (with adjusted operating EBITDA of $197 million). Adjusted EPS rose 53% year-over-year to $1.19, comfortably above Wall Street estimates. GAAP net income landed at $136 million ($0.59 per share), impacted by ongoing transformation, integration, and standing legacy costs.
Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.
At the same time, Qnity announced that Ken Rizvi will join as Senior Vice President and Chief Financial Officer, effective October 1. Rizvi brings extensive semiconductor leadership experience, having most recently served as CFO at Synaptics. Interim CFO Michael Goss will transition to Vice President, Finance and Controllership upon Rizvi's arrival.
This operational shift brings up a core question for investors: Does Qnity Electronics, Inc. (NYSE:Q)'s upwardly revised guidance signal a durable structural expansion powered by AI and advanced semiconductor nodes, or are lingering 2025 financial disruptions and elevated leverage going to cap long-term upside?
#qnity
For Q2 2026, Qnity Electronics, Inc. (NYSE:Q) generated net sales of $1.4 billion, up 22% year-over-year on a 23% volume increase. Growth was balanced across both operational divisions: Semiconductor Technologies produced $744 million in revenue (with adjusted operating EBITDA of $253 million), while Interconnect Solutions delivered $685 million (with adjusted operating EBITDA of $197 million). Adjusted EPS rose 53% year-over-year to $1.19, comfortably above Wall Street estimates. GAAP net income landed at $136 million ($0.59 per share), impacted by ongoing transformation, integration, and standing legacy costs.
Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.
At the same time, Qnity announced that Ken Rizvi will join as Senior Vice President and Chief Financial Officer, effective October 1. Rizvi brings extensive semiconductor leadership experience, having most recently served as CFO at Synaptics. Interim CFO Michael Goss will transition to Vice President, Finance and Controllership upon Rizvi's arrival.
This operational shift brings up a core question for investors: Does Qnity Electronics, Inc. (NYSE:Q)'s upwardly revised guidance signal a durable structural expansion powered by AI and advanced semiconductor nodes, or are lingering 2025 financial disruptions and elevated leverage going to cap long-term upside?
#qnity
11 days ago
For the first trading session of August 26th, the U.S. dollar is holding tight due to market anticipation of the July PCE inflation report as well as market forecasts of the first Fed Chairman Jackson Hole speech by Kevin Warsh. A more hawkish timing for a potential September rate pause by the Fed seems to be the more prevalent market opinion, with the July PCE inflation report likely to reinforce that opinion or counter it and push the market towards an additional rate hike. Collins, Boston Fed President, said during the week that interest rates will need to go up unless core inflation (which is currently hovering around 3.3%) shows a material decline.
Fiscal policy is also a looking constraining. While Treasury attempts to stabilize long term yields by expanding its existing bond buyback programs, practices to support aggressive Treasury borrowing, have come back into the spotlight and prompted some to ask whether there is a real threat of "fiscal dominance" for a central bank. That is a theme that will almost definitely be addressed at Jackson Hole along with inflation and Fed independence.
The Euro, on the other hand, has a clearer and more pressing monetary policy environment. ECB Executive Board member, Schnabel, said that current policy remains accommodative and that rates will need to be raised higher in order to return inflation to target in a sustainable manner. ThisW applies especially in the current environment with elevated energy prices and re-enforces market expectations for a September rate hike.
Sterling is one currency impacted by the current divergence in narrowing policies. Even while inflation in the UK remains unacceptably high, growth has surprised to the upside, leaving the market not pricing aggressive easing. However, strong labor market conditions makes fast hiking a policy option.
For 26 August, the primary FX theme is uncertainty in U.S. inflation and Fed Policy versus clearer expectations for Euro zone rates, with PCE and the Jackson Hole summary by Richard Clarida and John C. Williams, the likely new Fed Vice Chair, as the likely dominant topics.
#market #hole #likely
Fiscal policy is also a looking constraining. While Treasury attempts to stabilize long term yields by expanding its existing bond buyback programs, practices to support aggressive Treasury borrowing, have come back into the spotlight and prompted some to ask whether there is a real threat of "fiscal dominance" for a central bank. That is a theme that will almost definitely be addressed at Jackson Hole along with inflation and Fed independence.
The Euro, on the other hand, has a clearer and more pressing monetary policy environment. ECB Executive Board member, Schnabel, said that current policy remains accommodative and that rates will need to be raised higher in order to return inflation to target in a sustainable manner. ThisW applies especially in the current environment with elevated energy prices and re-enforces market expectations for a September rate hike.
Sterling is one currency impacted by the current divergence in narrowing policies. Even while inflation in the UK remains unacceptably high, growth has surprised to the upside, leaving the market not pricing aggressive easing. However, strong labor market conditions makes fast hiking a policy option.
For 26 August, the primary FX theme is uncertainty in U.S. inflation and Fed Policy versus clearer expectations for Euro zone rates, with PCE and the Jackson Hole summary by Richard Clarida and John C. Williams, the likely new Fed Vice Chair, as the likely dominant topics.
#market #hole #likely
13 days ago
Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted Cintas Corporation (NASDAQ:CTAS). Cintas Corporation (NASDAQ:CTAS) engages in the provision of corporate identity uniforms and related business services. On August 21, 2026, Cintas Corporation (NASDAQ:CTAS) closed at $203.79 per share, reflecting a market capitalization of $81.55 billion. Cintas Corporation (NASDAQ:CTAS) posted a one‑month return of -3.41%, while its shares lost 3.81% over the past 52 weeks.
Aoris Investment Management stated the following regarding Cintas Corporation (NASDAQ:CTAS) in its Q2 2026 investor letter:
"Cintas Corporation (NASDAQ:CTAS) is America's largest uniform rental company. It earns 40% of its revenue from collecting, laundering and replacing uniforms for customers in industries such as hospitality, entertainment, manufacturing and healthcare. It also offers other facility services like the laundering of entrance mats, replenishment of restroom supplies, and monitoring of first aid kits and fire protection equipment.
Cintas has long used technology to improve service and efficiency, such as the SmartTruck system, which optimises its technicians' workday routes, and garment-tracking technology to reduce the likelihood of lost uniforms. AI should be another tool for Cintas to improve its logistics, service quality, sales effectiveness and cost control…" (Click here to read the full text)
#aoris #investor
In its Q2 2026 investor letter, Aoris Investment Management highlighted Cintas Corporation (NASDAQ:CTAS). Cintas Corporation (NASDAQ:CTAS) engages in the provision of corporate identity uniforms and related business services. On August 21, 2026, Cintas Corporation (NASDAQ:CTAS) closed at $203.79 per share, reflecting a market capitalization of $81.55 billion. Cintas Corporation (NASDAQ:CTAS) posted a one‑month return of -3.41%, while its shares lost 3.81% over the past 52 weeks.
Aoris Investment Management stated the following regarding Cintas Corporation (NASDAQ:CTAS) in its Q2 2026 investor letter:
"Cintas Corporation (NASDAQ:CTAS) is America's largest uniform rental company. It earns 40% of its revenue from collecting, laundering and replacing uniforms for customers in industries such as hospitality, entertainment, manufacturing and healthcare. It also offers other facility services like the laundering of entrance mats, replenishment of restroom supplies, and monitoring of first aid kits and fire protection equipment.
Cintas has long used technology to improve service and efficiency, such as the SmartTruck system, which optimises its technicians' workday routes, and garment-tracking technology to reduce the likelihood of lost uniforms. AI should be another tool for Cintas to improve its logistics, service quality, sales effectiveness and cost control…" (Click here to read the full text)
#aoris #investor
13 days ago
Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted SAP SE (NYSE:SAP). Headquartered in Walldorf, Germany, SAP SE (NYSE:SAP) is a leading enterprise application and business solutions provider. On August 21, 2026, SAP SE (NYSE:SAP) closed at $218.68 per share, reflecting a market capitalization of $256.39 billion. SAP SE (NYSE:SAP) posted a one-month return of 27.88%, while its shares lost 19.09% over the past 52 weeks.
Aoris Investment Management stated the following regarding SAP SE (NYSE:SAP) in its Q2 2026 investor letter:
"SAP SE (NYSE:SAP) is the world's leading enterprise resource planning (ERP) software company. ERP systems run core business processes such as finance, human resources, manufacturing, supply chain management and customer relationship management. SAP is a core system of record for many of the world's largest organisations. Of the world's 100 largest organisations, 99 use SAP's solutions, and 80% of all the world's transactions touch an SAP system.
The value of SAP's systems should increase, because AI is only useful when it can access accurate data, business context and established workflows. AI is providing opportunities for SAP to layer on additional services which the company believes can add 20% or more to a customer's spending. Examples include its Business Data Cloud, which brings together SAP and non-SAP data for real-time ******* ysis, and its Joule AI agent, which can automate work with an understanding of customers' existing data structures and processes…" (Click here to read the full text)
#NYSE
In its Q2 2026 investor letter, Aoris Investment Management highlighted SAP SE (NYSE:SAP). Headquartered in Walldorf, Germany, SAP SE (NYSE:SAP) is a leading enterprise application and business solutions provider. On August 21, 2026, SAP SE (NYSE:SAP) closed at $218.68 per share, reflecting a market capitalization of $256.39 billion. SAP SE (NYSE:SAP) posted a one-month return of 27.88%, while its shares lost 19.09% over the past 52 weeks.
Aoris Investment Management stated the following regarding SAP SE (NYSE:SAP) in its Q2 2026 investor letter:
"SAP SE (NYSE:SAP) is the world's leading enterprise resource planning (ERP) software company. ERP systems run core business processes such as finance, human resources, manufacturing, supply chain management and customer relationship management. SAP is a core system of record for many of the world's largest organisations. Of the world's 100 largest organisations, 99 use SAP's solutions, and 80% of all the world's transactions touch an SAP system.
The value of SAP's systems should increase, because AI is only useful when it can access accurate data, business context and established workflows. AI is providing opportunities for SAP to layer on additional services which the company believes can add 20% or more to a customer's spending. Examples include its Business Data Cloud, which brings together SAP and non-SAP data for real-time ******* ysis, and its Joule AI agent, which can automate work with an understanding of customers' existing data structures and processes…" (Click here to read the full text)
#NYSE
13 days ago
Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted InterContinental Hotels Group PLC (NYSE:IHG). InterContinental Hotels Group PLC (NYSE:IHG) is a leading hospitality company owns, manages, franchises, and leases hotels globally. On August 21, 2026, InterContinental Hotels Group PLC (NYSE:IHG) closed at $159.91 per share, reflecting a market capitalization of $23.55 billion. InterContinental Hotels Group PLC (NYSE:IHG) posted a one‑month return of 0.25%, while its shares gained 32.18% over the past 52 weeks.
Aoris Investment Management stated the following regarding InterContinental Hotels Group PLC (NYSE:IHG) in its Q2 2026 investor letter:
"InterContinental Hotels Group PLC (NYSE:IHG) is a brand owner and franchisor of global hotel chains, including Holiday Inn, InterContinental and Crowne Plaza. Hotel owners pay IHG a franchise fee in exchange for access to its brands, loyalty program, and IT systems to help manage their properties, reservations and pricing. IHG franchisees earn better economics than independent hotels, which is why an increasing share of new and existing hotels are choosing to partner with IHG.
IHG's technology systems are a core advantage over smaller chains and independent hotels. AI can widen this gap through improvements in its search functions, booking process, customer service, pricing, marketing, and operational efficiency. For example, IHG is developing AI-powered conversational search to help guests book properties and receive more detailed information about its franchisees' rooms and services.…" (Click here to read the full text)
#NYSE
In its Q2 2026 investor letter, Aoris Investment Management highlighted InterContinental Hotels Group PLC (NYSE:IHG). InterContinental Hotels Group PLC (NYSE:IHG) is a leading hospitality company owns, manages, franchises, and leases hotels globally. On August 21, 2026, InterContinental Hotels Group PLC (NYSE:IHG) closed at $159.91 per share, reflecting a market capitalization of $23.55 billion. InterContinental Hotels Group PLC (NYSE:IHG) posted a one‑month return of 0.25%, while its shares gained 32.18% over the past 52 weeks.
Aoris Investment Management stated the following regarding InterContinental Hotels Group PLC (NYSE:IHG) in its Q2 2026 investor letter:
"InterContinental Hotels Group PLC (NYSE:IHG) is a brand owner and franchisor of global hotel chains, including Holiday Inn, InterContinental and Crowne Plaza. Hotel owners pay IHG a franchise fee in exchange for access to its brands, loyalty program, and IT systems to help manage their properties, reservations and pricing. IHG franchisees earn better economics than independent hotels, which is why an increasing share of new and existing hotels are choosing to partner with IHG.
IHG's technology systems are a core advantage over smaller chains and independent hotels. AI can widen this gap through improvements in its search functions, booking process, customer service, pricing, marketing, and operational efficiency. For example, IHG is developing AI-powered conversational search to help guests book properties and receive more detailed information about its franchisees' rooms and services.…" (Click here to read the full text)
#NYSE
13 days ago
Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted RELX PLC (NYSE:RELX). RELX PLC (NYSE:RELX) is a British-based information ****** ytics and decision solutions provider for professional and business customers. On August 21, 2026, RELX PLC (NYSE:RELX) stock closed at $35.91 per share. One-month return of RELX PLC (NYSE:RELX) was 0.73%, and its shares lost 24.86% over the past 52 weeks. RELX PLC (NYSE:RELX) has a market capitalization of $62.03 billion.
Aoris Investment Management stated the following regarding RELX PLC (NYSE:RELX) in its Q2 2026 investor letter:
"RELX PLC (NYSE:RELX) provides data, ****** ytics and decision-making tools for professional users in the science, academia, legal, risk and insurance industries. One-third of its revenue comes from scientific content and research tools, one-third comes from risk management solutions like identity verification and anti-money laundering, 20% comes from content and tools for the legal industry, and 10% comes from running trade exhibitions.
RELX owns and curates large bodies of proprietary and authoritative content, which has become more valuable as the internet is largely exhausted as a training resource for AI models. Legal work is especially well-suited to generative AI because it's language-intensive, but also an area where accuracy matters. RELX's AI products help lawyers research, draft and conduct due diligence faster, while remaining anchored to trusted legal content. Just two and a half years after launch, around half of its legal customers have subscribed to its premium AI offering. AI is also making frau
In its Q2 2026 investor letter, Aoris Investment Management highlighted RELX PLC (NYSE:RELX). RELX PLC (NYSE:RELX) is a British-based information ****** ytics and decision solutions provider for professional and business customers. On August 21, 2026, RELX PLC (NYSE:RELX) stock closed at $35.91 per share. One-month return of RELX PLC (NYSE:RELX) was 0.73%, and its shares lost 24.86% over the past 52 weeks. RELX PLC (NYSE:RELX) has a market capitalization of $62.03 billion.
Aoris Investment Management stated the following regarding RELX PLC (NYSE:RELX) in its Q2 2026 investor letter:
"RELX PLC (NYSE:RELX) provides data, ****** ytics and decision-making tools for professional users in the science, academia, legal, risk and insurance industries. One-third of its revenue comes from scientific content and research tools, one-third comes from risk management solutions like identity verification and anti-money laundering, 20% comes from content and tools for the legal industry, and 10% comes from running trade exhibitions.
RELX owns and curates large bodies of proprietary and authoritative content, which has become more valuable as the internet is largely exhausted as a training resource for AI models. Legal work is especially well-suited to generative AI because it's language-intensive, but also an area where accuracy matters. RELX's AI products help lawyers research, draft and conduct due diligence faster, while remaining anchored to trusted legal content. Just two and a half years after launch, around half of its legal customers have subscribed to its premium AI offering. AI is also making frau
13 days ago
Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On August 21, 2026, Visa Inc. (NYSE:V) closed at $371.04 per share, reflecting a market capitalization of $692.74 billion. Visa Inc. (NYSE:V) posted a one‑month return of 2.35%, while its shares gained 6.37% over the past 52 weeks.
Aoris Investment Management stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor letter:
"Visa Inc. (NYSE:V) is the world's largest payment network, enabling consumers and businesses to transact with over 130 million merchants globally in a convenient and secure way. It earns 70% of its revenue by charging fixed and percentage-based fees on transactions processed over its network. The other 30% comes from a range of payment-related services that help financial institutions and merchants to reduce fraud, improve back-office efficiency, increase sales and deepen customer loyalty.
If AI agents start making purchases on behalf of consumers and businesses, which is known as agentic commerce, then Visa's secure credentials, fraud controls, acceptance, dispute resolution and trusted network rules will become increasingly important. More digital commerce usually means more transactions, which would benefit Visa's transaction-based fees. Agentic commerce may also accelerate Visa's market share gains against domestic card networks like Eftpos, many of which still aren't accepted for onl
In its Q2 2026 investor letter, Aoris Investment Management highlighted Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On August 21, 2026, Visa Inc. (NYSE:V) closed at $371.04 per share, reflecting a market capitalization of $692.74 billion. Visa Inc. (NYSE:V) posted a one‑month return of 2.35%, while its shares gained 6.37% over the past 52 weeks.
Aoris Investment Management stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor letter:
"Visa Inc. (NYSE:V) is the world's largest payment network, enabling consumers and businesses to transact with over 130 million merchants globally in a convenient and secure way. It earns 70% of its revenue by charging fixed and percentage-based fees on transactions processed over its network. The other 30% comes from a range of payment-related services that help financial institutions and merchants to reduce fraud, improve back-office efficiency, increase sales and deepen customer loyalty.
If AI agents start making purchases on behalf of consumers and businesses, which is known as agentic commerce, then Visa's secure credentials, fraud controls, acceptance, dispute resolution and trusted network rules will become increasingly important. More digital commerce usually means more transactions, which would benefit Visa's transaction-based fees. Agentic commerce may also accelerate Visa's market share gains against domestic card networks like Eftpos, many of which still aren't accepted for onl
14 days ago
Rumer Willis is opening up about how her dad Bruce Willis' dementia diagnosis has impacted her life.
The actress, 38, revealed that she is partnering with Function – a health membership that offers more than 160 advanced lab tests, imaging and specialized **** sments – as her father's diagnosis has led her to take a closer look at her own health.
"I really miss my dad. I miss a different version of who he was," Rumer Willis said in an Instagram video posted Monday, Aug. 24. "There are some days that are just so hard. I try to prioritize being present with where he's at now. The truth is, to be strong is learning to deal with both things at the same time."
In February 2023, Bruce Willis' family revealed that his earlier aphasia diagnosis progressed to frontotemporal dementia, or FTD, which impacts the parts of the brain generally **** ociated with personality, behavior and language, according to Mayo Clinic. The "Die Hard" star, 71, had stepped away from acting the year prior due to health issues.
Rumer Willis, the eldest daughter of Demi Moore and Bruce Willis, said that "because of my family history," she decided to undergo genetic testing for APOE, a gene **** ociated with Alzheimer's risk, noting that it is "obviously kind of important."
#willis #rumer #diagnosis #hard
The actress, 38, revealed that she is partnering with Function – a health membership that offers more than 160 advanced lab tests, imaging and specialized **** sments – as her father's diagnosis has led her to take a closer look at her own health.
"I really miss my dad. I miss a different version of who he was," Rumer Willis said in an Instagram video posted Monday, Aug. 24. "There are some days that are just so hard. I try to prioritize being present with where he's at now. The truth is, to be strong is learning to deal with both things at the same time."
In February 2023, Bruce Willis' family revealed that his earlier aphasia diagnosis progressed to frontotemporal dementia, or FTD, which impacts the parts of the brain generally **** ociated with personality, behavior and language, according to Mayo Clinic. The "Die Hard" star, 71, had stepped away from acting the year prior due to health issues.
Rumer Willis, the eldest daughter of Demi Moore and Bruce Willis, said that "because of my family history," she decided to undergo genetic testing for APOE, a gene **** ociated with Alzheimer's risk, noting that it is "obviously kind of important."
#willis #rumer #diagnosis #hard
15 days ago
Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted InterContinental Hotels Group PLC (NYSE:IHG). InterContinental Hotels Group PLC (NYSE:IHG) is a leading hospitality company owns, manages, franchises, and leases hotels globally. On August 21, 2026, InterContinental Hotels Group PLC (NYSE:IHG) closed at $159.91 per share, reflecting a market capitalization of $23.55 billion. InterContinental Hotels Group PLC (NYSE:IHG) posted a one‑month return of 0.25%, while its shares gained 32.18% over the past 52 weeks.
Aoris Investment Management stated the following regarding InterContinental Hotels Group PLC (NYSE:IHG) in its Q2 2026 investor letter:
"InterContinental Hotels Group PLC (NYSE:IHG) is a brand owner and franchisor of global hotel chains, including Holiday Inn, InterContinental and Crowne Plaza. Hotel owners pay IHG a franchise fee in exchange for access to its brands, loyalty program, and IT systems to help manage their properties, reservations and pricing. IHG franchisees earn better economics than independent hotels, which is why an increasing share of new and existing hotels are choosing to partner with IHG.
IHG's technology systems are a core advantage over smaller chains and independent hotels. AI can widen this gap through improvements in its search functions, booking process, customer service, pricing, marketing, and operational efficiency. For example, IHG is developing AI-powered conversational search to help guests book properties and receive more detailed information about its franchisees' rooms and services.…" (Click here to read the full text)
#inves
In its Q2 2026 investor letter, Aoris Investment Management highlighted InterContinental Hotels Group PLC (NYSE:IHG). InterContinental Hotels Group PLC (NYSE:IHG) is a leading hospitality company owns, manages, franchises, and leases hotels globally. On August 21, 2026, InterContinental Hotels Group PLC (NYSE:IHG) closed at $159.91 per share, reflecting a market capitalization of $23.55 billion. InterContinental Hotels Group PLC (NYSE:IHG) posted a one‑month return of 0.25%, while its shares gained 32.18% over the past 52 weeks.
Aoris Investment Management stated the following regarding InterContinental Hotels Group PLC (NYSE:IHG) in its Q2 2026 investor letter:
"InterContinental Hotels Group PLC (NYSE:IHG) is a brand owner and franchisor of global hotel chains, including Holiday Inn, InterContinental and Crowne Plaza. Hotel owners pay IHG a franchise fee in exchange for access to its brands, loyalty program, and IT systems to help manage their properties, reservations and pricing. IHG franchisees earn better economics than independent hotels, which is why an increasing share of new and existing hotels are choosing to partner with IHG.
IHG's technology systems are a core advantage over smaller chains and independent hotels. AI can widen this gap through improvements in its search functions, booking process, customer service, pricing, marketing, and operational efficiency. For example, IHG is developing AI-powered conversational search to help guests book properties and receive more detailed information about its franchisees' rooms and services.…" (Click here to read the full text)
#inves
15 days ago
Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On August 21, 2026, Visa Inc. (NYSE:V) closed at $371.04 per share, reflecting a market capitalization of $692.74 billion. Visa Inc. (NYSE:V) posted a one‑month return of 2.35%, while its shares gained 6.37% over the past 52 weeks.
Aoris Investment Management stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor letter:
"Visa Inc. (NYSE:V) is the world's largest payment network, enabling consumers and businesses to transact with over 130 million merchants globally in a convenient and secure way. It earns 70% of its revenue by charging fixed and percentage-based fees on transactions processed over its network. The other 30% comes from a range of payment-related services that help financial institutions and merchants to reduce fraud, improve back-office efficiency, increase sales and deepen customer loyalty.
If AI agents start making purchases on behalf of consumers and businesses, which is known as agentic commerce, then Visa's secure credentials, fraud controls, acceptance, dispute resolution and trusted network rules will become increasingly important. More digital commerce usually means more transactions, which would benefit Visa's transaction-based fees. Agentic commerce may also accelerate Visa's market share gains against domestic card networks like Eftpos, many of which still aren't accepted for onl
In its Q2 2026 investor letter, Aoris Investment Management highlighted Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On August 21, 2026, Visa Inc. (NYSE:V) closed at $371.04 per share, reflecting a market capitalization of $692.74 billion. Visa Inc. (NYSE:V) posted a one‑month return of 2.35%, while its shares gained 6.37% over the past 52 weeks.
Aoris Investment Management stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor letter:
"Visa Inc. (NYSE:V) is the world's largest payment network, enabling consumers and businesses to transact with over 130 million merchants globally in a convenient and secure way. It earns 70% of its revenue by charging fixed and percentage-based fees on transactions processed over its network. The other 30% comes from a range of payment-related services that help financial institutions and merchants to reduce fraud, improve back-office efficiency, increase sales and deepen customer loyalty.
If AI agents start making purchases on behalf of consumers and businesses, which is known as agentic commerce, then Visa's secure credentials, fraud controls, acceptance, dispute resolution and trusted network rules will become increasingly important. More digital commerce usually means more transactions, which would benefit Visa's transaction-based fees. Agentic commerce may also accelerate Visa's market share gains against domestic card networks like Eftpos, many of which still aren't accepted for onl
