Daily Brief Consumer: GoTo Gojek Tokopedia Tbk PT, Tesla Motors, Topbuild Corp, C&C International Corp, Games Workshop Group PLC, Lithia Motors Inc Cl A, Texas Roadhouse, Archer Daniels Midland Co, Williams Sonoma, Dick’s Sporting Goods and more

• GoTo Gojek Tokopedia (GOTO IJ) 4Q2023 results revealed another sequential increase in GTV and positive adjusted EBITDA for both ODS and e-commerce, despite reduced incentive and marketing spending.
• GoTo achieved positive top-line growth by expanding its total addressable market through more affordable products and a strong performance from consumer lending in fintech, coupled with great cash cost efficiencies.
• 2024 will be a transformational year for GoTo without the yoke of Tokopedia promotional spending but with significant cash coming in every quarter that can be used to drive growth.

• Tesla Inc. will increase the price of its popular Model Y crossover by 5,000 yuan ($694) in China, a move that offers rivals a temporary reprieve as a raging price war engulfs the world’s largest auto market.
• The price rise on China-made Model Y vehicles will start on April 1, Tesla confirmed with Caixin Wednesday. Meanwhile, some of the extras offered by Tesla to its Chinese customers, including an 8,000-yuan insurance subsidy, will expire on March 31.
• Tesla previously announced a price increase of $1,000 for the Model Y in the United States and 2,000 euros ($2,542) in Europe.

• BLD offers comprehensive services for roofing, including material selection, expert installation, and post-installation service.
• They are known for their focus on high-quality materials, professional installation, and exceptional customer service.
• BLD has established itself as a leader in the industry, serving both residential and commercial markets with a commitment to meeting the evolving needs of the construction industry.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• On 22 March, the Korea Exchange announced special changes to KOSDAQ 150. CanariaBio will be excluded from KOSDAQ 150 and it will be replaced by C&C International.
• Canaria Bio was designated as “administrative issue” and “investment attention issue” on 22 March 2024, which resulted in KRX deciding to remove this stock from KOSDAQ 150 on 26 March.
• We believe that this inclusion of C&C International in KOSDAQ 150 is likely to further positively impact its share price.

Games Workshop Group has reported that trading for the three months to the end of February 2024 is in line with expectations. The fourth dividend of the year has been declared at 105p/share, which takes the year-to-date total to 420p/share, marginally ahead of the 415p/share declared in FY23 at a similar stage. The declared dividend compares with our prior estimate of 425p/share, and we have therefore nudged our estimate down to be consistent with the amounts declared.

• This is our first report on automotive retailer, Lithia Motors.
• The company had a strong Q4 2023, with revenues growing by 11% from last year to reach $7.7 billion.
• The company’s revenue increase was primarily driven by robust new vehicle sales, with same-store units increasing by 10% and aftersales revenues growing by 3%.

• This is our first report on dining restaurant chain, Texas Roadhouse Inc.
• The year 2023 proved to be a successful year for the company.
• Texas Roadhouse generated over $4.6 billion in revenue and saw an increase in average unit volumes to more than $7.6 million.

• According to the Q4 2023 earnings of Archer-Daniels-Midland Company (ADM), the company reported adjusted earnings per share (EPS) of $1.36 for the quarter.
• For the fiscal year, the company reported adjusted EPS of $6.98.
• The firm had an adjusted Return on Invested Capital (ROIC) of 12.2%.

• In its latest earnings, Williams-Sonoma, Inc.
• recorded a performance marked by both successes and challenges.
• In Q4, the company saw a -6.8% comp, -7.4% in the 2-year comp, and a +29.1% in the 4-year comp.

• This is our first report on DICK’S Sporting Goods.
• The leading sports goods and outdoor retailer is significant in its sales growth, paired with its impressive development project, House of Sport.
• Full year sales reached $13 billion, marking a notable increase in market share.