【pre development loans】Pompeo, Netanyahu vow to continue cooperation over Syria and Iran-should you shave a labrador

当前位置: 当前位置：首页 > Leisure > 【pre development loans】Pompeo, Netanyahu vow to continue cooperation over Syria and Iran 正文

【pre development loans】Pompeo, Netanyahu vow to continue cooperation over Syria and Iran

2024-09-29 08:20:14 来源：should you shave a labrador 作者：Comprehensive 点击:236次

BRASILIA,pre development loans Jan 1 (Reuters) - The United States and Israel vowed on Tuesday to continue cooperating over Syria and in countering Iran in the Middle East, even as President Donald Trump's plans to withdraw U.S. troops from Syria.

Israeli Prime Minister Benjamin Netanyahu said before a meeting with U.S. Secretary of State Mike Pompeo in the Brazilian capital that he planned to discuss how to intensify intelligence and operations cooperation in Syria and elsewhere to block Iranian "aggression."

【pre development loans】Pompeo, Netanyahu vow to continue cooperation over Syria and Iran

In his first public comments on Trump's decision, Pompeo said it "in no way changes anything that this administration is working on alongside Israel" and that campaigns to counter Islamic State and Iranian aggression would continue. (Reporting by Mary Milliken; writing by David Brunnstrom Editing by Susan Thomas)

【pre development loans】Pompeo, Netanyahu vow to continue cooperation over Syria and Iran

View comments

【pre development loans】Pompeo, Netanyahu vow to continue cooperation over Syria and Iran

作者:Knowledge

------分隔线----------------------------

头条新闻

图片新闻

新闻排行榜

友情链接

MT Højgaard Holding A/S: Financial Calendar 2021

Russia's ruling party backs idea to allow Putin to run again for president - RIA

Crown Crafts, Inc. to Announce Results for Fiscal 2020 Fourth Quarter

Guggenheim Energy & Income Fund Announces Tender Offer

5%, led by a 17% increase in average ticket and a slight decline in traffic. Growth in the quarter reflected the impact of households stocking up on essentials like paper goods and cleaning supplies as the pandemic became a nationwide concern, along with strength in discretionary categories as the quarter came to a close and stimulus dollars and tax refunds were disbursed.As shown below, the results in the quarter materially changed the trend in two-year stacked comps for each of the banners, along with a significant acceleration for consolidated comps.The increase in consolidated comps was the primary driver of an 8% increase in revenues to $6.3 billion. The company ended the quarter with 15,370 locations, up less than 1% year-over-year. This reflects a 7% increase in Dollar Tree units, offset by a 4% decline in Family Dollar units.The top-line results at each banner flowed through to their respective income statements, with Dollar Tree gross margins and operating margins declining year-over-year while Family Dollar gross margins and operating margins expanded year-over-year. On a consolidated basis, gross margins contracted by 120 basis points in the quarter to 28.5%, reflective of a shift to lower-margin consumables, tariff costs and the impact of markdowns from the Easter headwinds at the Dollar Tree banner. The company saw slight operating leverage on SG&A from higher comps, with the net result being an 80 basis point contraction in operating margins to 5.8%, with operating income declining 5% to $366 million. This is not adjusted for $73 million of pandemic-related costs, such as PPE supplies.In the first quarter, the company opened 85 stores (net of closures) and completed 220 Family Dollar renovations to the H2 format. Importantly, comps at renovated Family Dollar stores continue to outpace the chain average by more than 10%. On the call, management indicated that they plan on reducing both the number of new store openings (from 550 to 500) and the number of H2 renovations (from 1,250 to 750) in 2020.Personally, given the fact that Family Dollar is seeing material benefits to its business from the pandemic with new or lapsed customers coming into its stores, I think the company should try to get more aggressive with its renovation plans, not less. On the other hand, you could argue that renovations cause short-term disruptions and limit their ability to fully capitalize on the business momentum they are currently experiencing.As a result of fewer new stores and remodels, management now expects 2020 capital expenditures to total $1.0 billion compared to previous guidance of $1.2 billion. In addition, the company has temporarily suspended share repurchases. At quarter's end, the company had $1.8 billion in cash on its balance sheet compared to $4.3 billion in total debt.ConclusionIn recent years, Dollar Tree has been a tale of two cities. While its namesake banner has generally delivered impressive financial results, Family Dollar has been a persistent underperformer. This quarter, those results flipped, and given what we've seen in the weeks since quarter's end, there's a decent possibility that we will see something similar in the coming months. As the CEO noted, the second quarter is off to a very good start at Family Dollar.Here's the important question: how useful is that information is in terms of making future predictions about the business? Will recent success at Family Dollar translate into long-term success for the banner? The optimistic take is that new or lapsed customers, especially those visiting the renovated stores, could become recurring business for the banner. The pessimistic take is that they have experienced short-term success out of necessity as people went to any store that was open to try and find essentials like toilet paper and hand sanitizer that were largely out of stock throughout the retail landscape. From that view, many of these customers could abandon the retailer when life returns to normal. As Philbin noted on the conference call, early on [during the pandemic], folks needed us. Will people still shop as much at Family Dollar when it's no longer a necessity?Personally, I do not place too much weight on the recent results. I will need to see incremental data points that indicate that Family Dollar has truly won sustained business from these new customers. While I still believe that the Dollar Tree banner is a well-positioned retailer with attractive unit returns, I'm not yet willing to say the same thing for Family Dollar. For that reason, along with the recent run-up in the stock price, I plan on staying on the sidelines for now.Disclosure: NoneRead more here:Under Armour: A Tough Start to 2020Walmart: Continued Omni-Channel ProgressMatch: An Impressive Start to 2020Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.This article first appeared onGuruFocus.Warning! GuruFocus has detected 4 Warning Signs with DLTR. Click here to check it out.DLTR 30-Year Financial DataThe intrinsic value of DLTRPeter Lynch Chart of DLTRView comments

Is Husqvarna AB (publ) (STO:HUSQ B) An Attractive Dividend Stock?

Buy Ferrari Stock After Scuderia-Velas NFT deal?

How to Rise Above an ACT, SAT Test Score Plateau

Can Guess (GES) Keep the Earnings Surprise Streak Alive?

Eversource (ES) Q3 Earnings Lag, Revenues Beat Estimates