Quartr

Garmin's fitness segment, which includes gear for runners, cyclists, and swimmers, is now back at peak-pandemic levels. The segment represented 26% of total revenue and 21% of EBIT in FY 2023. The stock is up ~100% over the past two years.

Attention Students! We offer free access to Quartr Pro, our qualitative research platform used by leading hedge funds, asset managers, and equity research institutions worldwide. Start the upcoming semester strong by joining students from Wharton, Harvard, and other top business schools – simply request free access below using your student email. Also, make sure to tell your classmates! https://lnkd.in/dKCKJvJS

Are you familiar with the "Ferrari of office chairs"? Herman Miller, now part of MillerKnoll, is an American furniture company with a rich history dating back to 1905. Originally known as the Michigan Star Furniture Company, it was renamed in 1923 after D.J. De Pree purchased it with financial support from his father-in-law, Herman Miller. Herman Miller gained international recognition by collaborating with visionary designers like Charles and Ray Eames, George Nelson, and Isamu Noguchi. Their iconic creations, such as the Eames Lounge Chair, Nelson Marshmallow Sofa, and Noguchi Table, helped define modernist design in homes and offices worldwide. The Formation of MillerKnoll In 2021, Herman Miller merged with Knoll, another leading name in modern furniture design, to create MillerKnoll. This merger brought together two iconic brands with a shared history of innovation and design excellence. Knoll, founded in 1938 by Hans and Florence Knoll, had made its mark with timeless modernist pieces designed by legendary figures such as Ludwig Mies van der Rohe, Eero Saarinen, and Marcel Breuer. Some of Knoll’s most famous products include the Barcelona Chair by Mies van der Rohe, the Tulip Chair and Table by Eero Saarinen, and the Wassily Chair by Marcel Breuer. With the merger, MillerKnoll became a global leader in furniture design, combining Herman Miller's legacy of ergonomic office furniture and modular systems with Knoll's iconic modernist pieces. Together, the brands emphasize sustainability, craftsmanship, and timeless design, continuing to influence contemporary interiors and workplaces worldwide. The Birth of the Aeron Chair One of Herman Miller's most revolutionary products, the Aeron Chair, was introduced in 1994 and remains one of the company's best-known innovations. Designed by Bill Stumpf and Don Chadwick, the Aeron Chair was groundbreaking for its ergonomic design and use of a mesh suspension system instead of traditional foam padding. This emphasis on breathability, adjustability, and comfort made the chair a favorite in offices around the world, especially during the tech boom of the 1990s. The Aeron Chair set a new standard for office seating and remains a symbol of modern office culture, known for both its distinctive design and its focus on the health and well-being of its users. Fun Facts: → Both Herman Miller and Knoll have products featured in the permanent collection of the Museum of Modern Art (MoMA), including the Eames Lounge Chair and Barcelona Chair. → The Eames Lounge Chair has appeared in popular TV shows and films like Frasier and Iron Man, cementing its status as a cultural icon. → Herman Miller's Action Office System introduced the first modular cubicle system in 1968, revolutionizing office design. → The Aeron Chair gained immense popularity during the dot-com boom, earning it the nickname "dot-com throne."

Your weekend read is here. In this conversation with hedge fund manager Pontus Dackmo, he challenges common stock market myths, discusses frequent pitfalls among portfolio managers, and shares his best advice for becoming a better investor. https://lnkd.in/dmKVU_5F

TSMC's market dominance visualized:

I love the Quartr app and desktop, so agreeing to an interview for their very professional weekly magazine was an easy decision.

Today, we're excited to launch a new content series featuring in-depth interviews with leading voices in finance. To kick things off, we had the privilege of sitting down with Pontus Dackmo, co-founder, CEO, and Investment Manager of Protean Funds Scandinavia. In our conversation, we explore two of his key holdings, challenge common stock market myths, discuss frequent pitfalls among portfolio managers, and uncover his best advice for becoming a better investor. Edge #29 is dropping in a few hours, join +100k others and secure your free issue. Link in comments.

Are you familiar with Barry Callebaut Group? Barry Callebaut is the world's leading manufacturer of high-quality chocolate and cocoa products. Headquartered in Zurich, Switzerland, the company operates 66 production facilities worldwide and employs more than 13,000 people. The company serves the entire food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as chocolatiers, pastry chefs, bakers, hotels, restaurants, and caterers. They have a 21% market share in the cocoa and chocolate industry and 19% in the gourmet market, which makes them the leading company in both. History Barry Callebaut was founded in 1996 through the merger of two companies: the Belgian chocolate maker Callebaut and the French cocoa producer Cacao Barry. This merger combined over 150 years of expertise in chocolate production. The newly formed company quickly grew into one of the world's largest chocolate manufacturers. Over the years, Barry Callebaut expanded its global presence, acquiring key companies and pioneering innovations like Ruby chocolate in 2017. Customers Barry Callebaut's customer base is diverse, encompassing global fast-moving consumer goods (FMCG) companies, regional accounts and chains, as well as artisans and other professional users. The company's global brands, including Callebaut, Cacao Barry, Carma, and Mona Lisa, cater to the specific needs of these gourmet customers. Notable customers include large FMCG companies like Hershey's, Mondelez, Mars, and Ben & Jerry's (Unilever). Financial performance Barry Callebaut reported strong financial performance for the fiscal year 2022/23. The company achieved revenue of CHF 8.5 billion, marking an increase of 9.7% in local currencies and 4.7% in CHF. EBIT rose to CHF 659.4 million, up 12.2% in local currencies and 5.6% in CHF. Since 1997, they have grown their revenue with a 6% CAGR and their EBIT with a 7% CAGR. The stock is up 360% since IPO in 1998. The company has faced some challenges in recent years, including a plant contamination of salmonella in 2022 and the recent spike in price of cocoa.

Yesterday, NVIDIA fell by ~10%, erasing around $280 billion from its market cap, making it the largest one-day drop in history. Here's what that $280 billion could get you: → Nestlé ($280B market cap) → 2x Lockheed Martin ($135B) → 3x Shopify ($92B) → 4x Palantir ($68B) → 5x Volkswagen ($55B) → 7 million Tesla Model 3 ($40,000 each)

Alphabet Revenue Breakdown