Highlights of the day: 25 October

FinMeUp highlights of the day

South Africa

Jubilee Metals Group Plc- Audited results

• Revenue increased by 5.4% to 140 million.
• Settled long-term debt of 5.3 million.
• Current assets covering total liabilities by 131%.
• Jubilees cash position covers total debt.
• EBITDA decreased 25% to 37 million.

The Foschini Group Limited- Trading update for Q2 FY2023

• Group retail turnover growth of 31.0%.
• TFG Africa retail turnover growth of 22.5%.
• Continued market share gains in Mens and Womens categories.
• TFG London retail turnover growth of 4.4%.
• TFG Australia delivered a strong 104.5% growth in retail turnover.
• Group online retail turnover fell 6.9%.

The U.S.

Adidas

• Adidas plans to end its partnership with Kanye West today.
• Adidas said it expects its decision to terminate its deal with Kanye West to reduce its 2022 net income by up to 250 Million.

Coca-Cola Earnings

• EPS of $0.69 beating expectations of $0.64.
• Revenue of $11.1B beating expectations of $10.50B.

Raytheon Earnings

• EPS of $1.21 beating expectations of $1.14.
• Revenue of $16.95B missing expectations of $17.28B.

General Motors earnings

• EPS of $2.25 beating expectations of $1.89.
• Revenue of $41.89B beating expectations of $41.77B.
• CEO, Mary Barra had this to say: "We moved early and aggressively to secure commitments for all the battery raw material we need to reach more than 1 million units of annual EV capacity in North America in 2025."

Cathie Wood

• Cathie Wood and Ark Invest bought 10,821 more shares of Tesla yesterday.