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Apr 4, 2025
Dividend Increases/Decreases for the Week of April 4
Let's take a look at firms raising/lowering their dividends this week. Mar 31, 2025
Lululemon Continues to Execute on Its Growth Strategy
Image Source: TradingView. Lululemon ended 2024 with $2.0 billion in cash and cash equivalents, while inventories increased by 9%, to $1.4 billion at the end of the year. For 2025, Lululemon expects net revenue in the range of $11.15-$11.3 billion, representing growth of 5%-7%, or 7%-8%, excluding the 53rd week of 2024. Diluted earnings per share are expected to be in the range of $14.95-$15.15 for the year, assuming a tax rate of approximately 30%. The company continues to execute on its Power of Three x2 growth plan calling for the doubling of the business from 2021 net revenue of $6.25 billion to $12.5 billion by 2026. Mar 31, 2025
Adobe’s Outlook Falls Short of Expectations
Image Source: TradingView. Adobe’s Remaining Performance Obligations (RPO) were $19.69 billion exiting the fiscal first quarter, with current RPO at 67%. Looking to Adobe’s fiscal year 2025 targets, total revenue is expected to be between $23.3-$23.55 billion, the midpoint below the consensus forecast of $23.51 billion. Digital Media segment revenue is targeted to be between $17.25-$17.4 billion, while Digital Experience segment revenue is targeted at $5.8-$5.9 billion. On a non-GAAP basis, earnings per share is expected to be between $20.20-$20.50, the midpoint below the consensus forecast of $20.39. Mar 31, 2025
FedEx Lowers Outlook Again
Image: TradingView. For 2025, FedEx now expects revenue to be flat to slightly down year-over-year, compared to its prior forecast of approximately flat. Diluted earnings per share is targeted at $15.15 to $15.75 before mark to market retirement plans accounting adjustments compared to the prior forecast of $16.45-$17.45. Excluding costs related to business optimization initiatives, international regulatory and legacy FedEx Ground legal matters, and the planned spinoff of FedEx Freight, it is targeting diluted earnings per share in the range of $18.00-$18.60 from $19.00-$20.00 previously. Mar 28, 2025
Dividend Increases/Decreases for the Week of March 28
Let's take a look at firms raising/lowering their dividends this week. Mar 22, 2025
Nike Faces Continued Revenue Declines
Image: Nike’s shares remain under pressure. Nike had the following to say about its outlook on the conference call: “Our fourth quarter guidance includes our best assessment of these factors based on the data we have available to us today. We expect Q4 revenues to be down in the mid-teens range, albeit at the low end. This includes several points of unfavorable shipment timing in North America, as well as 2 points of negative impact from foreign exchange headwinds. We expect Q4 gross margins to be down approximately 400 basis points to 500 basis points, including restructuring charges during the same period last year. We have included the estimated impact from newly implemented tariffs on imports from China and Mexico.” Nike continues to be in the early stages of a turnaround. Shares yield 2.4% at the time of this writing. Mar 21, 2025
Dividend Increases/Decreases for the Week of March 21
Let's take a look at firms raising/lowering their dividends this week. Mar 17, 2025
Realty Income Has Raised Its Dividend 130 Times Since Listing on the NYSE in 1994
Image Source: Realty Income. In March 2025, Realty Income announced its 130th dividend increase since it listed on the NYSE in 1994. The annualized dividend amount now stands at $3.222 per share compared to the prior annualized dividend amount of $3.216 per share. Looking to 2025, Realty Income’s net income per share is expected between $1.52-$1.58, AFFO per share is targeted at $4.22-$4.28, while same store rent growth is expected to be approximately 1% on occupancy over 98%. As of December 31, 2024, the REIT had $3.7 billion of liquidity. We like Realty Income but don’t include shares of the REIT in any newsletter portfolio. Shares yield 5.7% at the time of this writing. Mar 17, 2025
Dollar General’s Long-term Framework Looks Achievable
Image Source: TradingView. Dollar General updated its long-term financial framework for the next five years. Its annual goal includes net sales growth of 3.5%-4%, same-store sales growth of 2%-3%, adjusted operating margin of 6%-7% beginning in 2028-2029, adjusted diluted earnings per share growth of 10%+ beginning in 2026, new unit growth of approximately 2% and capital spending of approximately 3% of net sales. Though its long-term plans look achievable, Dollar General is no longer an idea in any of the newsletter portfolios. Mar 14, 2025
Dividend Increases/Decreases for the Week of March 14
Let's take a look at firms raising/lowering their dividends this week.
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