Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1) Choose a company from following article 2) Define which method they use for translating financial statements 3) Which currencies caused their exchange losses 4)
1) Choose a company from following article 2) Define which method they use for translating financial statements 3) Which currencies caused their exchange losses 4) What were the exchange rates that resulted in the losses 5) How do they handle exchange rate expectations? Hedge? Options? \begin{tabular}{|l|} The formula for calculation? It's all about exposure-"S\&P 500 companies with higher \\ intemational revenue exposure are expected to report lower eamings growth relative to S\&P 500 \\ companies with higher domestic revenue exposure for Q3." John Butters, vice president and \\ senior eamings analyst at FactSet, told CFO Brew over email. \end{tabular} - Johnson \& Johnson: The New Jersey pharmaceutical company known for its one-doseand-you're-done Covid-19 vaccine, an "unfavorable currency impact on 2023 's adjusted eamings per share of approximately $0.40 to $0.45 or $0.10 more than the $0.30 to $0.35 impact [it ] referenced in July's call' on last week's earmings call. - P\&G: CFO Andre Schulten on the company's recent earnings call that it expects volatility in the coming fiscal year. Tide detergent and Gillette razors, two of P&G 's core products, are both set to experience the first in five years. - Costco: The bulk food distributor, which has reassured our weary society (again) that it will not raise its hot dog prices, that foreign currencies relative to the US dollar negatively impacted sales by a little over 2%. - Intuitive Surgical: Some companies haven't adjusted their numbers from FX fluctuations but wamed analysts of their concems. Intuitive Surgical, a clinical trial company, listeners saying, "While we have not experienced a significant impact so far, the strengthening of the US dollar reduces distributor margins and may cause delays in capital purchases." 1) Choose a company from following article 2) Define which method they use for translating financial statements 3) Which currencies caused their exchange losses 4) What were the exchange rates that resulted in the losses 5) How do they handle exchange rate expectations? Hedge? Options? \begin{tabular}{|l|} The formula for calculation? It's all about exposure-"S\&P 500 companies with higher \\ intemational revenue exposure are expected to report lower eamings growth relative to S\&P 500 \\ companies with higher domestic revenue exposure for Q3." John Butters, vice president and \\ senior eamings analyst at FactSet, told CFO Brew over email. \end{tabular} - Johnson \& Johnson: The New Jersey pharmaceutical company known for its one-doseand-you're-done Covid-19 vaccine, an "unfavorable currency impact on 2023 's adjusted eamings per share of approximately $0.40 to $0.45 or $0.10 more than the $0.30 to $0.35 impact [it ] referenced in July's call' on last week's earmings call. - P\&G: CFO Andre Schulten on the company's recent earnings call that it expects volatility in the coming fiscal year. Tide detergent and Gillette razors, two of P&G 's core products, are both set to experience the first in five years. - Costco: The bulk food distributor, which has reassured our weary society (again) that it will not raise its hot dog prices, that foreign currencies relative to the US dollar negatively impacted sales by a little over 2%. - Intuitive Surgical: Some companies haven't adjusted their numbers from FX fluctuations but wamed analysts of their concems. Intuitive Surgical, a clinical trial company, listeners saying, "While we have not experienced a significant impact so far, the strengthening of the US dollar reduces distributor margins and may cause delays in capital purchases
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started