Rivian said in its earnings report Tuesday it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration’s chaotic economic policies.The company said Tuesday it expects to deliver between 40,000 and 46,000 EVs by the end of 2025. That’s despite Rivian saying one month ago that it was still holding to its estimate of delivering 46,000 to 51,000 vehicles across th ...

Rivian says it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration’s chaotic economic policies. The company said Tuesday it expects to deliver between 40,000 and 46,000 EVs by the end of 2025. That’s despite Rivian saying one month ago that it was still holding to its estimate of delivering 46,000 to 51,000 vehicles across this year. Rivian’s announcemen ...

公司表现 - 过去12个月股价上涨近30%，跑赢标普500指数不足10%的涨幅 [1] - 2023年同店销售额仅增长0.9%，低于2022年的5.6%，第三和第四季度出现下滑 [4] - 2024年同店销售额恢复正增长1.5%，毛利率扩大50个基点至22.3%，但调整后每股收益下降6% [6] - 2024年第四季度同店销售额同比增长2.4%，数字销售保持11%的稳定增长 [7] 经营策略 - 通过增加高毛利自有品牌产品比例、强化数字生态系统和发展广告及健康服务业务稳定业绩 [8] - 与Albertsons合并失败后启动75亿美元股票回购计划以提升每股收益 [8] - 2025年2月与Express Scripts重新达成协议恢复药店客流量 [9] 财务预测 - 2025年预计同店销售额增长2%-3%，调整后每股收益增长3%-7%，分析师共识为6% [9] - 2026年分析师预计调整后每股收益增长9%，当前股价71美元对应14倍远期市盈率 [12] - 连续18年提高股息，当前远期股息率为1.8% [12] 潜在挑战 - 特朗普政府关税政策和贸易战可能冲击供应链，公司计划通过供应商多元化和供应链优化应对 [10] - 2024年3月CEO因个人行为调查离职，由Staples前CEO临时接任 [10] - 若关税导致经济衰退或必需品短缺，公司可能需修正业绩指引 [11] 行业地位 - 全美最大超市运营商，拥有超过2700家门店的网络优势 [11] - 自1928年上市以来经历多次经济下行仍保持韧性 [11] - 当前市场环境下因稳定增长、低估值和回购分红政策被视为防御性投资选择 [13]

Sprawling, power-thirsty data centers have become as much a staple of suburbia in some places as shopping malls and soccer fields. However, when Microsoft pulled the plug on planned data centers in Ohio last month, it added to questions about whether the nascent data center boom had already gone bust. A Wells Fargo report last Monday saying some data centers planned by Amazon Web Services were being reconsidered added to market anxiety.But the bust may have been over before it ever began. And if anything, a ...