Traffic and ticket, and which one is doing the work
It traded at 32.72, +0.52% today. Same store sales growth built on price rather than footfall has a shelf life.
Free 3 min read
CMGWMT
Stock
AMZN
AMZN
Delayed
Notes mentioning AMZN
7Capex is a promise, depreciation is the bill
The shares traded at 498.00, -1.80% today. Enormous capital spending has been treated as a growth signal. It is also a cost that arrives later, on a schedule.
Free 4 min read
MSFTGOOGL
Cheaper inference means more of it, and the cloud rents the capacity
Every drop in the cost of running a model makes new uses economic. The cloud that rents the capacity gains from the volume, whoever makes the model.
Free 2 min read
Everyday essentials turn a store into a habit
The essentials and frequency signals I track in the retail numbers.
Paid 2 min read
Free cash flow is where the capex bill lands first
Earnings can keep rising through a heavy spending cycle. Free cash flow cannot, and it is the number that pays for buybacks and patience.
Free 2 min read
Retail margins are the swing factor in a cloud story
The retail cost lines I track, and how much each moves total profit.
Paid 2 min read
Faster delivery changes how often people shop
When delivery gets faster, people stop saving up purchases. They buy smaller baskets more often, and that changes what the store is for.
Free 2 min read