财务表现 - 公司第一季度调整后每股收益为1.49美元，超出分析师预期的1.46美元 [1] - 季度销售额为451.2亿美元，略低于市场预期的451.9亿美元 [1] - 不含燃料的同店销售额增长3.2% [1] 毛利率变化 - 季度毛利率从去年同期的22%提升至23% [2] - 毛利率改善主要由于出售专业药房业务、库存损耗减少和供应链成本降低 [2] - 毛利率提升部分被低利润率的药房销售增长所抵消 [2] 业绩展望 - 公司上调不含燃料的同店销售指引至2.25%-3.25% [3] - 首席财务官表示一季度销售和盈利能力超预期，但宏观经济环境仍存在不确定性 [3] 股价表现 - 财报公布后股价上涨2.4%至73.72美元 [3] 分析师评级调整 - 德意志银行将目标价从57美元上调至67美元，维持持有评级 [5] - Telsey Advisory Group将目标价从73美元上调至82美元，维持优于大盘评级 [5] - 瑞银将目标价从66美元上调至74美元，维持中性评级 [5] - 古根海姆将目标价从73美元上调至78美元，维持买入评级 [5] - 摩根士丹利将目标价从71美元上调至76美元，维持同等权重评级 [5]

“There’s a lot of uncertainty in the world, and when volatility rises, it’s natural to ask who might be affected and how,” said Spotify CEO Daniel Ek kicking off a call with analysts. “I see Spotify faring better than most.” “People want to be entertained,” he added after first quarter earnings, “and the engagement we are seeing now suggests we are becoming even more essential to people’s lives.” Companies globally are operating amid a trade war with the U.S. launched by the administration of Donald Trump ...