Welcome to the Saturday PRO edition of How They Make Money.
Over 170,000 subscribers turn to us for business and investment insights.
In case you missed it:
📧 Free members get our Friday articles and sneak peeks.
💌 Premium members receive monthly reports with 200+ companies visualized, one extra weekly article, and access to our archive.
💼 PRO members enjoy everything in Premium, plus our Saturday timely coverage of the most important earnings of the past week.
Quick heads up! Earnings season is taking a breather, so there won’t be any PRO coverage over the next two weeks. But don’t worry—our Saturday emails will be back on January 11 as new quarterly reports start rolling in.
Today at a glance:
🌐 Accenture: AI Momentum.
👟 Nike: Turnaround in Progress.
⚙️ Micron: Disappointing Outlook.
🚚 FedEx: Freight Separation.
🍪 General Mills: Mixed Results.
🛳️ Carnival: Smooth Sailing Ahead.
🧑🍳 Darden: Strong Momentum.
👡 Birkenstock: Closed-Toe Surge.
1. 🌐 Accenture: AI Momentum
Accenture's revenue rose 9% year-over-year to $17.7 billion ($0.6 billion beat), and its EPS was $3.59 (a $0.20 beat). New bookings grew 1% to $18.7 billion, and generative AI contributed $1.2 billion (compared to $1.0 billion in the prior quarter), underscoring its growing impact on client transformation initiatives.
The company raised its FY25 revenue growth outlook to 4%–7% (previously 3%–6%), reflecting broad-based growth across consulting and managed services. Despite cutting its EPS guidance slightly, Accenture continues investing in AI-driven solutions. It has expanded its data and AI workforce to 69,000 and aims to reach 80,000 by FY26. Management highlighted resilient client demand for large-scale transformations, reinforcing Accenture’s position as a key partner in reinvention and AI adoption.