In today’s briefing:
- Lee Seo-Hyun’s Unexpected Return: Implications for Samsung’s Conglomerate Dynamics
- FedEx Corporation: Will The Implementation Of The One FedEx Strategy Pay Off? – Major Drivers
- Intloop (9556) – Recalibrating to Aim for Long-Term Growth
- MillerKnoll, Inc. – 3QFY24 Earnings
Lee Seo-Hyun’s Unexpected Return: Implications for Samsung’s Conglomerate Dynamics
- Today, Lee Seo-hyun returned as the top executive at Samsung C&T, which officially announced her as the head of its Strategic Planning Division.
- Her return to Samsung C&T might not just be a simple comeback – it could be seen as a setup for some big changes within the company.
- Considering Samsung C&T’s Value-up Momentum, aligning with Lee Seo-hyun’s return, we must position for potential price impact, focusing on portfolio streamlining.
FedEx Corporation: Will The Implementation Of The One FedEx Strategy Pay Off? – Major Drivers
- According to the FedEx Corporation’s third quarter earnings report for the Fiscal Year 2024, profits continued to increase for the third successive quarter.
- This is attributed to the FedEx team’s prompt customer service and progress with transformation initiatives.
- Although revenues declined, operating income and profit margin showed growth—a dynamic the CEO attributed to FedEx’s transformation and its management prowess in controlling what is within its purview.
Intloop (9556) – Recalibrating to Aim for Long-Term Growth
- Addressing selling activity by organizational change – Q1-2 FY7/24 results demonstrated double-digit sales growth of 41.5% YoY via underlying growth at the parent business and acquisitive impact from DICS Holdings.
- However, the overall pace of growth was lower than expected, with INTLOOP experiencing lower-than-planned productivity from newly hired sales representatives.
- The company has addressed this by implementing a new and reinforced organizational structure in H2 FY7/24 by recruiting senior management (partner and managing director class) to drive sales activities as well as customer acquisition and increasing overall market coverage.
MillerKnoll, Inc. – 3QFY24 Earnings
- MillerKnoll reported 3QFY24 non-GAAP (adjusted) EPS of $0.45, beating our $0.43 estimate and consensus of $0.44.
- Consolidated sales were $872 million, missing our $908 million estimate by $36 million and likewise missing consensus by ~$37 million.
- Gross margin helped the Y/Y comparison, rising 455 bps versus 3QFY23.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
