In recent trading, shares of Vestis Corp (Symbol: VSTS) have crossed above the average analyst 12-month target price of $7.81, changing hands for $7.82/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation,
In recent trading, shares of Vestis Corp (Symbol: VSTS) have crossed above the average analyst 12-month target price of $7.81, changing hands for $7.82/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation,
DuxX/iStock via Getty Images Investment overview I wrote about National Vision Holdings, Inc. ( EYE ) previously with a buy rating as the turnaround story progressed in the right direction, and I expected further upside given the growth catalysts in place for 2H25. My view today is even more bullish. My reason is simple. Managed care is working, premiumization is extending beyond frames, and remot...
DuxX/iStock via Getty Images Investment overview I wrote about National Vision Holdings, Inc. ( EYE ) previously with a buy rating as the turnaround story progressed in the right direction, and I expected further upside given the growth catalysts in place for 2H25. My view today is even more bullish. My reason is simple. Managed care is working, premiumization is extending beyond frames, and remote hybrid exams could help ease a real capacity bottleneck. The customer mix is getting better It has been ~7 months since my last update, and I think the biggest change is that EYE is no longer a turnaround story that still needs proof. For those who do not follow, the FY2025 results indicate that EYE is actually growing very healthily (not what you would expect from a business that is still deep in a turnaround phase). Net revenue from continuing operations grew 9% to $1.99 billion; adjusted comparable store sales grew 6%, and adjusted EBIT margin improved by 160 bps y/y to 5.2%. This is not a case where the topline accelerated, but earnings dragged. Both moved in the right direction. More importantly, it is where these improvements came from. Back then, my view was that managed care would grow into a major growth driver, and indeed, that came true. Managed care comp sales grew low double-digits in FY2025, and management even said they ended the year with 42% of revenue attributable to managed care. Yes, total traffic for the year did come down 0.5%, but that was mostly due to a fall in self-pay customers, which doesn't matter since EYE gained traffic in more profitable cohorts. Then, if you combine this with the fact that progressive and outside Rx customers, on top of managed care, were up high-single digits on comp, with traffic for those customers up mid-single digits, it is clear that EYE is winning in the parts of the business that matter most. In other words, the quality of growth is improving. I would say this is a much better setup than relying on heavy discountin...
Carlos Alvarez/Getty Images Entertainment Spain has closed its airspace to U.S. aircraft involved in the Iran war, Defense Minister Margarita Robles said, the latest move by Europe's most vocal opponent of U.S. and Israeli attacks on Iran. "This was made clear to the American military from the very beginning," she told reporters. "Neither the bases are authorized, nor is the use of Spanish airspac...
Carlos Alvarez/Getty Images Entertainment Spain has closed its airspace to U.S. aircraft involved in the Iran war, Defense Minister Margarita Robles said, the latest move by Europe's most vocal opponent of U.S. and Israeli attacks on Iran. "This was made clear to the American military from the very beginning," she told reporters. "Neither the bases are authorized, nor is the use of Spanish airspace authorized for any actions related to the war in Iran." President Donald Trump previously threatened to cut off trade with Spain over its refusal to let U.S. forces use the Rota and Moron military bases in the country. In an interview with Al-Jazeera on Monday, Secretary of State Marco Rubio criticized the moves by Spain, "a NATO member that we are pledged to defend." "If NATO is just about us defending Europe if they're attacked but then denying us basing rights when we need them, that's not a very good arrangement," he said . "So all of that is going to have to be reexamined." Daniel Baer, director of the Europe Program at the Carnegie Endowment for International Peace, said it's unlikely that other European countries will follow Spain's lead. "Most Europeans are focused on keeping some measure of U.S. cooperation in supporting Ukraine, so I think it's less likely that others join, even as they voice concerns about a lack of clarity around U.S. strategic objectives in Iran," he said. -- The Associated Press contributed to this report. More on Spain EWP: Moderating Inflation, AI Investments, And American Tensions Bode Well For Spain NATO is at a breaking point with defense spending on the line Trump tells Bessent to cut off all dealings with Spain Spain criticizes U.S.-Israeli strikes on Iran; Israel fires back
National average hit $4.02, according to AAA data, capping an extraordinary rise from $2.98 just a month ago Average US fuel prices have crossed $4 per gallon for the first time in four years, piling pressure on drivers as Donald Trump’s war on Iran continues to boost oil markets. The nationwide average climbed to almost $4.02 on Tuesday, according to AAA data, capping an extraordinary rise from $...
National average hit $4.02, according to AAA data, capping an extraordinary rise from $2.98 just a month ago Average US fuel prices have crossed $4 per gallon for the first time in four years, piling pressure on drivers as Donald Trump’s war on Iran continues to boost oil markets. The nationwide average climbed to almost $4.02 on Tuesday, according to AAA data, capping an extraordinary rise from $2.98 just a month ago. It has not been this high since August 2022. Continue reading...
Core focus will be on beauty, personal care and home products after spinning off brands such as Hellmann’s and Pot Noodle into $60bn entity Business live – latest updates Unilever is in advanced talks to combine its food business with US-based McCormick , in a deal including $15.7bn (£11.9bn) cash that would give the Marmite-to-Hellmann’s mayonnaise owner majority control of a $60bn food empire. L...
Core focus will be on beauty, personal care and home products after spinning off brands such as Hellmann’s and Pot Noodle into $60bn entity Business live – latest updates Unilever is in advanced talks to combine its food business with US-based McCormick , in a deal including $15.7bn (£11.9bn) cash that would give the Marmite-to-Hellmann’s mayonnaise owner majority control of a $60bn food empire. London-listed Unilever will control 65% of the new spin-off, which will combine brands such as Knorr and Pot Noodle with McCormick’s condiments and spices including French’s mustard, Old Bay seasoning and Cholula hot sauce. Continue reading...