Earnings

Earnings March On As GrubHub Stumbles, Snap Has Pep

Earnings

The data deluge continues, and the earnings roundup this week has some positives — such as in Fiserv’s gains ahead of a tie-up with First Data — and negatives, as GrubHub failed to impress investors. But beyond the stock market swings, metrics matter. See below for a few key takeaways from December quarter reports.

Google

  • Advertising revenues up 20 percent year on year to $32.6 billion
  • Traffic Acquisition Costs lower than expected at $7.4 billion
  • Costs per click down 29 percent year on year
  • Operating margins down, slightly, by 100 basis points to 21 percent

Snap

  • Daily average user count at 186 million beats the 184 million expected
  • $390 million in sales bested $378 million projected for the quarter
  • Losses better than expected on the bottom line, at 4 cents, and better than 7 cents expected
  • User count is pretty much steady, compared to the third quarter

First Data

  • Global Business Solution sales up 8 percent year on year to $1.4 billion
  • Total segment revenues top $2.2 billion, up 6 percent year on year
  • North American sales up 5 percent to $1.1 billion
  • Looks for growth between 5 percent to 6 percent year on year

Chipotle

  • Sales of $1.2 billon edge estimates of $1.19 billion
  • Restaurant transaction growth up 2 percent year on year
  • Comparable restaurant sales growth up 6 percent year on year
  • Digital sales represented 12.9 percent of sales in the fourth quarter
  • Delivery sales up 13x versus prior year

FLEETCOR

  • 120,000 new corporate customers added in 2018
  • Earnings of $2.78 were better than estimates by 7 pennies
  • Fuel card revenue growth up 9 percent in the latest quarter
  • Corporate payments growth was 24 percent higher

YUM! Brands

  • Revenues off 1.2 percent to $1.6 billion
  • 3 percent gain year over year in property and franchise sales
  • Looks to have 70 percent of restaurants offering delivery by next year
  • Goal is to have 5,000 restaurants with kiosks by 2019

GrubHub

  • $288 million in sales miss the Street of $290 million
  • Active diners up 22 percent to 17.7 million
  • Daily average orders up 19 percent to 467,000

Western Union

  • C2C transactions up 4 percent, and are 80 percent of sales
  • C2C revenues up 22 percent year on year
  • Business solutions up 5 percent, now 7 percent of top line
  • Website-related sales now are 12 percent of total C2C segment

Fiserv

  • Internal revenue growth at 4.5 percent year over year
  • Payments revenue growth gains 6 percent
  • Co still targets $500 million in revenue synergies in merger with First Data
  • Signed up 100 new Zelle clients in 4Q

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