Quality Growth Weekly Digest #18
Foreign currency translation, the China rally, and mid-teens percent growth in our companies' EBITA per share so far in 2024
Welcome to another weekly digest to stay informed about everything that matters most to quality growth investors!
In case you’ve missed our previous posts:
+ much more on earnings reviews, fundamentals analysis
Next Monday, we’ll be releasing our first serial acquirer report.
The goal of these report series is to shed light on the qualitative and quantitative aspects of poor, good, and truly excellent capital allocators. The reports won’t talk about intrinsic/fair valuations, but instead, will address the factors that are critical to compounding for years and decades to come, and how one can objectively gauge that longevity.
And next Thursday, we’ll be out with our Q3 Quarterly Letter to our Partners. The 1H letter can be found below.
Without further ado, let’s look at the topics to be discussed in this week’s digest:
FX translation: how to deal with FX as a quality growth investor?
The China rally: does it impact our thesis on luxury companies?
Our companies delivered 13.6% growth in EBITA per share over the first 6 months of 2024 (at constant FX).