Titles in action: Nintendo, BMW, Starbucks

Titles in action: Nintendo, BMW, Starbucks

Here is a selection of announcements that have moved (or will move) the prices of these companies:

(Come back to read us from time to time
so as not to miss an update)

Nintendo: profit up, but cautious about shortages

The Japanese video game juggernaut Nintendo left its forecast unchanged on Wednesday for its fiscal year which began in early April, remaining cautious about the risk of shortages despite the increase in its net profit in the first quarter, boosted by the low yen.

In the first quarter of 2022/23, Nintendo thus posted a net profit of 119 billion yen (more than 894 million US dollars [M$ US]), whose jump of 28% over one year is explained by the depreciation of the yen on the foreign exchange market, the group explained in a press release.

Its operating profit fell in the first quarter by 15% year on year, to 101.6 billion yen (US$763.8 million).

And its revenue fell 4.7% year on year to 307.5 billion yen (2.34 billion US dollars [G$ US]) during the same period, Nintendo stating that it saw sales of its Switch console drop by 22.9%, due in particular to the global shortage of semiconductors and other components.

Its game sales also fell by 8.6%, despite the strong results of “Nintendo Switch Sports”, released in April, and “Mario Strikers: Battle League Football”, available since June.

BMW: net profit down in 2Q, shortages weigh

German premium carmaker BMW on Wednesday reported a 36% drop in second-quarter net profit to US$3.10 billion and a 20% decline in vehicle sales, but confirmed its operating margin target.

Operating income (EBIT) reached US$3.46 billion, or a rate of 8.2% compared to sales, exceeding analysts’ consensus expectations, for 563,200 cars delivered from April to June. The margin (EBIT) should always be between 7 and 9% over the year, despite the effects of the war in Ukraine which aggravated supply difficulties.

These ongoing semiconductor issues and supply chain failures, primarily due to the Covid-19 pandemic-related lockdowns in China, negatively impacted production and shipments in the first six months. of the year, explains the group.

“Especially in adverse conditions”, BMW “is characterized by a high degree of resilience”, commented the boss of the Bavarian manufacturer Oliver Zipse in a press release.

BMW expects “difficult business conditions to continue in the second half” still marked by supply bottlenecks in semiconductors.

Starbucks makes less money in Q2, despite rising sales

US coffee giant Starbucks again managed to offset its reduced business in China with a strong performance in the US, but its net profit shrunk despite rising sales.

Starbucks made less money this quarter than in the same period in 2021, with net income of US$913m, down from US$1.15bn.

Reported per share, the indicator most followed by Wall Street, it stands at US$0.84, better than the US$0.76 expected by analysts, but worse than the US$0.99 for the year. past.

Its sales at the number of comparable stores, the benchmark in the trade, have however increased by 3% compared to last year.

But, if they are on the rise in the United States, they continue to fall internationally due in particular to the closures linked to Covid-19 in China, as well as the negative impact of exchange rates.

Sales outside China have experienced double-digit growth, says the group, without giving a figure.

Turnover thus amounted to US$8.15 billion, in line with expectations, and up 4.9% compared to the same three months in 2021.

#Titles #action #Nintendo #BMW #Starbucks

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