Doing it our way now: the approach this company pioneered is becoming the market's way
The model's full reasoning — Q1 2016 call → NOWe need to determine if management describes that their way of doing things is being adopted, copied, or moved toward by others in the market, and that they treat it as validation. Scan the transcript for relevant statements. Management talks about various products, but is there any mention of competitors copying or adopting their approach? They mention "menu fatigue" in soft pretzels, but that's not about copying. They talk about their own innovations like OREO churros, whole-grain funnel cake, etc. They mention licensing deals. They talk about ICEE and frozen beverages. They mention that they are "the pretzel people" and that they have to move the category. They mention that they have a product that a customer will be dipping in a melting pot, etc. But is there any statement that others are following their lead? I don't see any explicit mention of competitors adopting their methods or products. They talk about their own growth and challenges. They mention that they are "hitting on most of our cylinders" but no mention of others copying. The question asks: "does management describe that the WAY THIS COMPANY DOES THINGS — an approach, product design, technology, method, business model, or way of serving customers that the company pioneered, built, or is identified with — is NOW BEING ADOPTED, COPIED, OR MOVED TOWARD BY OTHERS IN ITS MARKET?" There is no such description. They talk about their own innovations but not about others following. They mention that they have to "massage" the business, but no mention of imitation. Thus, answer NO.
| Ticker | Company | Call | Date | Call grade |
|---|---|---|---|---|
| AES | The AES Corporation | Q1 2024 | 2024-05-03 | C+ |
| GGR | Gogoro Inc. | Q1 2023 | 2023-05-11 | D |
| TGT | Target Corporation | Q4 2022 | 2023-02-28 | C |
| ORAN | Orange SA | Q2 2018 | 2018-07-26 | B |
| USFD | US Foods Holding Corp. | Q1 2018 | 2018-05-12 | C |
| SHOO | Steven Madden, Ltd. | Q1 2017 | 2017-04-21 | C |
AES · Q1 2024 → YESThe question is: Does management describe that the WAY THIS COMPANY DOES THINGS is NOW BEING ADOPTED, COPIED, OR MOVED TOWARD BY OTHERS IN ITS MARKET, so that the company's own way of doing things is ...
GGR · Q1 2023 → YESThe question is: Does management describe that the way this company does things is now being adopted, copied, or moved toward by others in its market?
TGT · Q4 2022 → YESThe question is: Does management describe that the way this company does things is now being adopted, copied, or moved toward by others in its market?