Bloomberg Intelligence
BI Weekend: US Earnings, Disney’s Succession
Oct 25, 2024
Lee Klaskow, a Senior Transport Analyst, analyzes UPS's positive earnings, highlighting strategic shifts that fuel cautious optimism in logistics. Michael Halen, Senior Restaurant Analyst, discusses Starbucks' recent sales decline and leadership changes under CEO Brian Nickel. Geetha Ranganathan, a US Media Analyst, explores the implications of Disney's leadership succession plans. Kiel Porter reports on safety issues at Rivian's plant, while John Butler examines the earnings landscape for AT&T and Verizon. Finally, Chris Gadomski shares insights on future advancements in nuclear reactor technology.
37:42
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Quick takeaways
- UPS reports a return to growth, indicating potential recovery through efficient operations and increased volumes of profitable packages.
- Disney's succession planning highlights leadership transition challenges, with internal candidates under scrutiny amidst operational struggles and investor concerns.
Deep dives
UPS Earnings Growth Signals Recovery
UPS has reported a return to sales and profit growth, signaling a potential recovery for the shipping giant after nearly two years of declines. The company benefited from higher volumes of more profitable packages and stable labor costs. Analysts noted that earnings per share growth finally turned positive after seven quarters of downturns. There is optimism about future earnings as cost-saving measures and operational efficiencies start to improve margins further.
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