Most recent update June 14, 2025
Rating: Hold.
Action: Wait & watch to buy at price closer to book value of $11.21.
Analysis: Sales & margins under pressure - will COLD make a turn around, if so, what is the price to buy?
Key Information at 6/14/2025: Founded in 1931; HQ - Atlanta, GA, 13,755 employees. 239 locations, 1.4 billion cubic feet of refrigerated storage. TTM - 3/31/2025: $2.63 bn sales, 18.4 GPM, $0.20 EPS recurring, 85x P/E, $4.8 bn cap, $3.9bn debt, $380.9 mm op. CF, -$500.57 investments; $11.29 book.
Next Earnings: August 7, 2025, pre-market
at 6/14/2025: $0.10 EPS on $644.5mm 2Q2025, $0.15 EPS on $683.8 mm 3Q2025, $0.20 on $2.68 bn for 2025 and $0.19 EPS on $2.83 bn for 2026. May 7, 2025-guidance change: COLD reduced guidance to revenue flat to up 2% year over year, versus the prior guide of up 2% to 4%. Throughput is expected to be roughly flat, with economic occupancy flat to 200 bps lower.
