Earnings March On As GrubHub Stumbles, Snap Has Pep

The data deluge continues, and the earnings roundup this week has some positives — such as in Fiserv’s gains ahead of a tie-up with First Data — and negatives, as GrubHub failed to impress investors. But beyond the stock market swings, metrics matter. See below for a few key takeaways from December quarter reports.

Google

• Advertising revenues up 20 percent year on year to $32.6 billion
• Traffic Acquisition Costs lower than expected at $7.4 billion
• Costs per click down 29 percent year on year
• Operating margins down, slightly, by 100 basis points to 21 percent

Snap

• Daily average user count at 186 million beats the 184 million expected
• $390 million in sales bested $378 million projected for the quarter
• Losses better than expected on the bottom line, at 4 cents, and better than 7 cents expected
• User count is pretty much steady, compared to the third quarter

First Data

• Global Business Solution sales up 8 percent year on year to $1.4 billion
• Total segment revenues top $2.2 billion, up 6 percent year on year
• North American sales up 5 percent to $1.1 billion
• Looks for growth between 5 percent to 6 percent year on year

Chipotle

• Sales of $1.2 billon edge estimates of $1.19 billion
• Restaurant transaction growth up 2 percent year on year
• Comparable restaurant sales growth up 6 percent year on year
• Digital sales represented 12.9 percent of sales in the fourth quarter
• Delivery sales up 13x versus prior year

FLEETCOR

• 120,000 new corporate customers added in 2018
• Earnings of $2.78 were better than estimates by 7 pennies
• Fuel card revenue growth up 9 percent in the latest quarter
• Corporate payments growth was 24 percent higher

YUM! Brands

• Revenues off 1.2 percent to $1.6 billion
• 3 percent gain year over year in property and franchise sales
• Looks to have 70 percent of restaurants offering delivery by next year
• Goal is to have 5,000 restaurants with kiosks by 2019

GrubHub

• $288 million in sales miss the Street of $290 million
• Active diners up 22 percent to 17.7 million
• Daily average orders up 19 percent to 467,000

Western Union

• C2C transactions up 4 percent, and are 80 percent of sales
• C2C revenues up 22 percent year on year
• Business solutions up 5 percent, now 7 percent of top line
• Website-related sales now are 12 percent of total C2C segment

Fiserv

• Internal revenue growth at 4.5 percent year over year
• Payments revenue growth gains 6 percent
• Co still targets $500 million in revenue synergies in merger with First Data
• Signed up 100 new Zelle clients in 4Q