In today’s briefing:
- Honeywell International Inc.: Competitive Advantages & Acquisition-Led Growth
- Progyny (PGNY US): Q2 Results Ahead of Expectations; 2022 Guidance Raised Second Time This Year
- Adobe Inc.: Creative Cloud Upside & Other Drivers
- Mastercard Inc.: New Set Of Collaborations & Other Key Drivers
- Keurig Dr Pepper Inc.: Atypique Distribution Rights & Other Developments
- Clorox Co.: Innovation-Led Growth & Other Drivers
- Monster Beverages: New Product Launches & Other Drivers
Honeywell International Inc.: Competitive Advantages & Acquisition-Led Growth
- Honeywell has successfully maintained a particularly high level of resilience despite persistent supply chain restrictions, inflationary headwinds, and geopolitical upheaval.
- Despite the inflationary challenges, Honeywell continued with margin expansion and this helped the management surpass the earnings expectations of Wall Street.
- It is also increasing technology investments in sustainability through Honeywell Ventures and a classic example was the investment in Electric Hydrogen.
Progyny (PGNY US): Q2 Results Ahead of Expectations; 2022 Guidance Raised Second Time This Year
- Progyny Inc (PGNY US) announced strong Q2 results, with both revenue and EPS surpassing consensus as well as company guidance. Revenue and adjusted EBITDA margin reached to highest ever levels.
- The company has raised lower end of its 2022 revenue and adjusted EBITDA guidance second time in this year. Progyny is seeing continued strong employer demand for fertility solutions.
- Despite inflation and a potential softening in the economy, Progyny is seeing strong customer demand and is upbeat about new client acquisition for its upcoming selling season.
Adobe Inc.: Creative Cloud Upside & Other Drivers
- Adobe has witnessed a particularly robust demand over Experience Cloud, Document Cloud, and Creative Cloud.
- Adobe is winning in its established business and is viewing significant momentum in innovative categories.
- During the quarter, it hiked prices for particular creative cloud subscriptions which helped the revenue growth.
Mastercard Inc.: New Set Of Collaborations & Other Key Drivers
- Mastercard continued to bear the brunt of inflationary pressures since the start of 2022 but the company has definitely benefitted from the fact that travel-related spending and consumer spending have remained strong.
- Apple Pay Later has been recently announced by Apple which is using the Mastercard installments program.
- In the U.S., the company established a partnership agreements that extend its small, co-brand, credit, and debit business credit programs.
Keurig Dr Pepper Inc.: Atypique Distribution Rights & Other Developments
- Keurig Dr Pepper continues to battle inflationary challenges with price actions but its brand strength has been its biggest asset in the current environment.
- With the higher prices, the company was able to surpass Wall Street expectations in terms of both, revenues as well as earnings.
- Keurig Dr Pepper is on track to achieve 1 million linked households in the coming years thanks to its ongoing smart technology development, which is opening up new platforms like smart car delivery for pods.
Clorox Co.: Innovation-Led Growth & Other Drivers
- Clorox Co has navigated via challenging operating conditions and it failed to meet Wall Street expectations in terms of revenues.
- As a part of the company’s IGNITE strategy, it has announced a streamlined operating model for creating a faster, simpler company.
- One of the best ways to expand margins for Clorox has been its direct-to-consumer strategy which is gradually paying off.
Monster Beverages: New Product Launches & Other Drivers
- Monster Beverages continues to witness a rise in the demand for its energy drinks and this helped the company surpass Wall Street expectations in terms of revenues.
- In the quarter, Monster experienced a significant rise in the cost of sales that resulted in a material reduction in gross profit.
- Among major updates, Monster Beverage has recently released its foremost malt beverage, alcoholic flavored under the Monster brand.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
