Alberto Wallis's Posts

Alberto Wallis

$13.3MFollowers

@awallis03/22/2022

Nike $NKE Q3 Earnings Highlights!

Press Release Highlights!

Revenue $10.9Bn (+5% YoY)
Direct Sales $4.6Bn (+15% YoY)
Brand Digital Sales +19% YoY
Gross margin 46.6% (+100bps YoY)
Diluted EPS $0.87

Earnings Call Highlights!

Strong demand:

"Now consumer demand for all 3 of our brands, NIKE, Jordan and Converse, remains incredibly strong. Our growth in the third quarter would have been even higher if we had greater quantities of available inventory to meet marketplace demand. Across the marketplace, holiday retail sales finished strong, and spring retail sales are off to a great start, fueled by strong demand for performance men's running, Air Jordan 1, classics footwear and our apparel fleece franchises. We are also sustaining a higher full-price mix with year-over-year improvement in markdown activity."

Digital sales:

"In Q3, digital revenue was up 22% on a currency-neutral basis as we continue to drive greater competitive separation, particularly through our app ecosystem. The NIKE mobile app was up more than 50% in the quarter and overtook Nike .com on mobile for our highest share of digital demand."

Resilient Supply Chain:

"All factories in Vietnam are operational, with total footwear and apparel production in line with pre-closure volumes and our forward-looking demand plans. Nearly all of our supplier base is operational without restrictions, and we are working closely with our partners around the world to navigate through the most recent risks related to COVID."

Gross Margins:

"Gross margin increased 100 basis points versus the prior year, driven primarily by higher NIKE Direct margins due to lower markdowns, favorable foreign currency exchange rates and a higher full price mix, partially offset by increased freight and logistics costs."
"And just on your margin question, Matt, the underlying drivers of the CDA are what's fueling our gross margin expansion. Obviously, this year, we're incredibly proud by 150 basis points or at least 150 basis points of gross margin expansion, where we've absorbed more than 100 basis points of unplanned costs associated with supply chain, logistics and wages to move product."

Source: Nike Inc. Q3 2022 Earnings Call

Jensen Butler

@jensen03/22/2022

Just an absolute juggernaut of a company. One of the most sound businesses out there, with consistent prospects for continued growth each and every year. $NKE is at the very top of my watchlist once I am back comfortable resuming deploying capital.

+ 3 comments

Alberto Wallis

$13.3MFollowers

@awallis03/21/2022

Upcoming Earnings Calendar (March 21st-25th)

Two heavy-hitters reporting next week: Nike and Adobe. Really interested in seeing what Nike has to say about supply chains after the recent events. Carnival Cruise and Nio should also be interesting. Full list of companies below.

MON:

BMO: $PDD $MRNS

AMC: $NKE $TME $DRIO $KERN $AXU $VLTA $FAT $SSKN $TELA $BWMN

TUE:

BMO: $CCL $HUYA $GDS $IMBI $JILL $SNCE

AMC: $ADBE $WOR $HQY $AIR $POSH $GAN $PAYS $APTO $MXCT $DNAY $SNPO $XGN

WED:

BMO: $GIS $JKS $WGO $CTAS $CL $VBLT $EPAC $YOU $HYZN $EVGO

AMC: $KBH $SOL $TCOM $PHUN $FUL $OXM $OLLI $COOK $FSM $SONX $EXAI

THU:

BMO: $DRI $SNX $MOMO $FDS $KC $TITN $MOV $UCL $GAMB $HEPS $TMDI

AMC: $NIO $CODX $HNST $CURI $TFFP $MCW $MDVL $AUTO $TMC $JOBY

FRI:

BMO: $DOOO $PRVA

Dylan Patel

@dylan522p03/21/2022

Very helpful, thanks

+ 1 comment

Alberto Wallis

$13.3MFollowers

@awallis03/16/2022

D-Local $DLO Earnings Call Highlights

D-Local is off to another strong day following its outstanding Q4 results on Monday. The following snippets from the earnings call are a testament to the strong execution of this team.

Outstanding growth and retention:

"In 2021, total processed volume surpassed the $6 billion threshold. We have almost tripled our TPV, increasing by 193% over prior year 2020. If we compare our TPV in 2021 versus 3 years back, we have increased it by 11x. Revenues for the year reached $244 million, 134% increase over prior year 2020. If we compare our revenues in 2021 with 2018, we have increased it by an impressive 7x. We reached an all-time high NRR of 219% in 2021 and 198% in the fourth quarter as we grew wallet share with our existing merchants and had minimal churn of merchants."

Strong margins:

"Adjusted EBITDA for the year 2021 grew 136% year-over-year to $99 million. We posted a strong adjusted EBITDA margin of 41% during the full year 2021. This was comparable to the 40% we posted in the full year 2020."

Geographic diversification:

"For the full year 2021, we've added 9 countries to our network, bringing the total number of countries which we make our service available to 35 compared to 26 in 2020."

Source: D-Local Earnings Call

This company seems really strong and a great investment, however, I'd love to hear bear cases. If you have one, please comment.

Django Brooks

@django_brooks03/16/2022

I know that @themadhedger had $DLO in their top 10 as of last October before they started going down. Do you see them getting back to $60?

+ 2 comments

Alberto Wallis

$13.3MFollowers

@awallis03/11/2022

Upcoming Earnings Calendar! (March 14th - 18th)

Earnings season is slowing down, but there are still several very interesting companies reporting next week.

$DLO - This company is really interesting. Growing quickly and profitably (28% net profit margin last quarter) while solving a real pain-point for companies.
$GTLB - Don't know much about this company, but I've seen a lot of people commenting on it lately so I'll keep an eye out.
$S - Extremely expensive cybersecurity stock.
$FDX - Not interested in investing in the business, but very interested in their outlook for the supply chain and the impact of higher energy costs.
$LEN - Homebuilder. Let's see what their comments are on the supply chain + demand for housing in the US.

What company are you interested in?

If you'd like an easier way to track earnings dates, you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

MON:

BMO: $ZH $BLDP $FREE $CECE $CORR $PRTK $GOL $BDSX $LUNA $AVEO

AMC: $COUP $GTLB $DLO $MTN $CVGW $TUYA $WPRT $SLGG $NOAH $CMTG $ASUR

TUE:

BMO: $CTRN $KMDA $KNDI $DOLE $CTK $GMDA $FTCI $ALT $ANIP $KPLT $SOPH

AMC: $SFT $S $LOTZ $SMAR $ASPU $YY $CAL $VOLT $LX $HYRE $GOCO $ATCX

WED:

BMO: $JBL $RMBL $DOYU $WLMS $TLS $LE $MCG $BLRX $PKOH $CANO

AMC: $LEN $IDEX $WSM $PD $SMTC $ETON $GES $ZTO $EDR $NBEV $ZENV

THU:

BMO: $ACN $DG $CMC $DBI $HUT $CSIQ $SIG $GIII $PRTH $NYC $APYX

AMC: $GME $FDX $STNE $HITI $AVPT $CURV $JOAN $AFIB $ONTX $QRHC $DXLG

FRI:

BMO: $ONON $REAX

Samuel Meciar

@sammeciar03/11/2022

Watching $S.

+ 1 comment

Alberto Wallis

$13.3MFollowers

@awallis03/10/2022

Highlights from Yesterday's Earnings Calls (CRWD, ASAN, MQ)

Here are a few highlights from yesterday's most important earnings calls!

$CRWD earnings call:

"We finished the year with over $1.73 billion in ending ARR. And in fiscal year 2022, we delivered 65% ARR growth, 66% total revenue growth, 215% operating income growth, 157% net income growth and record free cash flow of $442 million or 30% of revenue."
"As we've published in our most recent global threat report, 2021 provided no rest for the weary with an 82% increase in ransomware-related data leaks. As the nation's state events of the past few weeks have demonstrated, cyberspace is center stage joining land, air, sea and space as the fifth dimension of warfare."

$MQ earnings call:

"Total processing volume, or TPV, was $33 billion in the fourth quarter, a 76% increase compared to the same quarter of 2020, an acceleration from the 60% growth rate in the third quarter."
"We witnessed another decline in our Block $SQ concentration from 68% of total net revenue in the third quarter to 63% in the fourth quarter of 2021."

$ASAN earnings call:

"As you can see from our results, our product-led strategy and execution drove accelerated revenue growth to 67% year-over-year versus 59% last fiscal year. We saw continued strength in the enterprise with 340 customers spending $100,000 or more on an annualized basis."
"The major fiscal '22 wins we had with customers like Warner Music, Viacom CBS and the largest automotive manufacturer in the world give us increased confidence to invest further in the enterprise. In fiscal '23, this will include making our biggest investment increase ever in pipeline build to support lead generation, sales development reps, account-based marketing and customer engagement program."

Gaurav Kotak @ Fincredible

@gkotak03/10/2022

Does anyone know how many customer $MQ has? I couldn't get it from the ER and am concerned they have very high customer concentration

+ 11 comments

Alberto Wallis

$13.3MFollowers

@awallis03/07/2022

Fincredible MacroTalk: Remote Work

Remote work is likely here to stay. Employees are demanding it and, in the midst of the great resignation, many companies are seeing the necessity to offer remote or hybrid work arrangements to attract and retain talent. The latest Fincredible MacroTalk offers several quotes from company earnings calls on the benefits and challenges of remote work.

Talent attraction and retention is one of THE biggest benefits of remote work for many companies:

$OSTK "The ability to offer remote work has improved our attraction and retention efforts, both of which are important during the nationwide great resignation. Our workforce continues to be engaged and productive working from home.”
$DBX "Virtual First has been really positive for us. I mean, last year, we saw a 126% increase in offer accepts. That's nearly double the number -- and then also nearly double the number of candidates for op enroll and even an uptick in what we call boomerang candidates, like folks that might leave the company and then come back within a year. So we're finding that from a hiring perspective, it's really resonating and unlocking new pools of talent. And I think more broadly, what you're seeing is that employees once they have the flexibility or when companies like ours offer this flexibility, they then -- employees demand it."

And companies like $UPST have shown that you can run a successful business remotely:

$UPST "I'd like to note that the Upstart team accomplished all of this during the second year of a global pandemic, while operating in an almost entirely remote and distributed fashion."

Not all jobs can be performed remotely at the moment, but over time, the trend is clear: more employees will migrate to remote or hybrid work.

If you'd like to read the whole post for free, here's the link:

Fincredible MacroTalk March 2nd: Remote Work

Quotes from from $UPWK $IT $OSTK $FVRR $DBX $ZIP $UPST $PANW

fincredibletranscripts.substack.com

Fincredible MacroTalk March 2nd: Remote Work

Comments on remote work from $UPWK $IT $OTSK $FVRR $DBX $ZIP $UPST $PANW

Alberto Wallis

$13.3MFollowers

@awallis03/04/2022

Upcoming Earnings Calendar (March 7th - 11th)

Hey guys! Here's the upcoming earnings calendar! I'm interested in:

$ZIM - Comments on their outlook for shipping prices.
$CRWD - Another stellar earnings report and I'll probably start a position in this company.
$MQ - How fast are their non-$SQ revenues growing?

Which earnings report are you looking forward to?

If you'd like an easier way to track earnings dates, you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

MON:

BMO: $NIU $CIEN $ITRN $VET $SQSP $AMR $EGRX $IMXI $AIRI $KVHI

AMC: $CLAR $IPI $IEA $MASS $TDUP $LFMD $ROVR $AVDX $HRTG $HPK

TUE:

BMO: $DKS $WOOF $DM $MTBN $CMAX $JW.A $KOPN $CNTY $STIM $STVN

AMC: $MDB $SFIX $ABM $BMBL $CASY $SUMO $CDMO $DADA $FIGS $FNA $GWRE

WED:

BMO: $ZIM $THO $OTLY $EXPR $CPB $UNFI $PLCE $KFY $REVG $BWAY

AMC: $CRWD $CVGW $MQ $BASE $BEKE $ACEL $PCOM $MIRM $FNV $AGFS

THU:

BMO: $JD $BBW $DESP $BZUN $TH $GCO $DLTH $EVGN $ATY $VITL

AMC: $DOCU $ORCL $ULTA $AOUT $QFIN $AVO $TLYS $ZUMZ $KLXE $NAPA $RRGB

FRI:

BMO: $FUTU $BKE $GENI $WISA $PLXP $RLX

Alberto Wallis

$13.3MFollowers

@awallis02/25/2022

Upcoming Earnings Calendar (Feb 28th - Mar 4th)

Hey guys! Here's the upcoming earnings calendar! Two of my holdings, $SE and $SOFI report next week, so I'll be paying significant attention to both. Other than that, I'm also interested in seeing what retailers like $TGT $BBY and $COST have to say about supply chain issues and inflation.

Good luck to everyone!

If you'd like an easier way to track earnings dates, you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

MON:

BMO: $BRK.B $RIDE $VTRS $BFLY $DQ $KOS $AUPH $PRTY $RETA $EYE $LINC

AMC: $ZM $LCID $BLNK $HPQ $SDC $WDAY $DDD $AMBA $NVAX $LAZR $VRM

TUE:

BMO: $TGT $WKHS $SE $BIDU $AZO $KSS $DPZ $WEN $UWMC $IQ

AMC: $AMC $SOFI $WISH $CRM $GRWG $URBN $JWN $BNGO $ROST $IDEX $CELH $BGFV

WED:

BMO: $PSFE $DLTR $ANF $GSL $ATRO $DCI $PDCO $DY $HAYW $DIN

AMC: $CHPT $SNOW $AEO $AI $OKTA $CPNG $SPLK $BOX $VSCO $VEEV $GEF

THU:

BMO: $BBY $BILI $BURL $KR $TTC $BIG $BJ $TD $BQ $SOHO $TGLS

AMC: $COST $AVGO $MRVL $GPS $SWBI $AVAV $ESTC $NX $EVFM $FNKO $COO

FRI:

BMO: $CLPS $GB $HIBB $INTT $RPID $SAMG

Cameron McFarlane

@moneyshark02/25/2022

My largest holding $SE reports Tuesday. Hopefully it breaks the trend its been on.

+ 4 comments

Alberto Wallis

$13.3MFollowers

@awallis02/23/2022

MercadoLibre Earnings Call Highlights!

MercadoLibre $MELI posted very strong Q4 2021 results yesterday. Here are a few highlights from the earnings call that illustrate the monster quarter they had.

Commerce GMV:

"In commerce, we had another very strong year, reaching $28.4 billion in gross merchandise volume, a full year growth of over 48% in GMV on an FX-neutral basis. This represents an additional $7.4 billion over 2020's GMV, positioning us well ahead of competitors and market share in the region for yet another year."

Fulfillment paying off:

"We attribute this growing engagement and improving cohort behavior on our free shipping program that already delivers over 80% of GMV on our network at no cost to our buyers."

MercadoPago TPV:

"Total payment volume reached $77.4 billion for the full year, growing 78% on an FX-neutral basis. Considering just the off-platform total payment volume, we reached over $48 billion and FX-neutral growth of 97% year-over-year."

A huge opportunity ahead:

"Even after the significant uptake in digital services we experienced over the last couple of years, e-commerce penetration in our region is still only at around the 10% range. In the same light, even with all of the recent advances in the financial technology space in Latin America, we still live in a context where most people have difficulty accessing credit, savings and insurance products and controlling their finances."

Source: MercadoLibre Earnings Call

Alberto Wallis

$13.3MFollowers

@awallis02/21/2022

Insights on Ad Spend

Advertising has been a hot topic lately, with several factors impacting the industry. The latest Fincredible Macrotalk analyses company earnings calls to highlight the current trends of the ad industry. Here are six quotes that help understand the complexities the ad industry is experiencing.

Ad Sellers:

$GOOG “ Google Search and other advertising revenues of $43.3 billion in the quarter were up 36%, with broad-based strength across our business, led again by strong growth in retail."
$FB "Q4 was also the first holiday season after Apple's iOS changes, which have had an impact on businesses of all sizes, especially small businesses who rely on digital advertising to grow. This will continue to be a factor in 2022. We've also heard from advertisers about other macro trends that contributed to the headwinds in Q4, including global supply chain disruptions, labor shortages and inflationary pressures.”
$PINS "The macro environment remains challenging for our CPG advertisers who are still dealing with supply chain and other macroeconomic issues. We believe this headwind could persist for a few quarters.”

Ad Buyers:

$CL "Our guidance for 2022 includes an increase in advertising to make sure we are able to sustain volume growth as we exit a period of very strong pricing.”
$PAYC "Our marketing plan throughout 2021 continue to perform well, delivering strong demo leads throughout the year as we spent aggressively on advertising.”
$MAT "Advertising expenses for the quarter declined 7% to $266 million, reflecting some timing shifts between Q3 and Q4. For the full year, advertising increased by 4% as we continue to drive demand creation to support POS.”

Source: Fincredible MacroTalk February 16th: Advertising Trends

$GOOG $GOOGL $FB $SNAP $PINS $YELP $TWTR $UBER $CL $CTHR $PAYC $PEP $MAT $NWS

fincredibletranscripts.substack.com

Fincredible MacroTalk February 16th: Advertising Trends

Insights on short-term advertising trends from company executives of $GOOG $GOOGL $FB $SNAP $PINS $YELP $TWTR $UBER $CL $CTHR $PAYC $PEP $MAT $NWS