{
  "id": 3396044,
  "title": "SGA Sold Intuit (INTU) as TurboTax and Mailchimp Weakness Deepened",
  "url": "https://urgent.news/2026/08/24/sga-sold-intuit-intu-as-turbotax-and-mailchimp-weakness-deepened",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T13:40:35.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/sga-sold-intuit-intu-turbotax-134035806.html"
  },
  "original_language": "en",
  "account": "Sustainable Growth Advisers (SGA) sold its stake in Intuit (INTU) amid concerns over DIY Tax performance and Mailchimp's decline, as highlighted in its second-quarter 2026 investor letter. Intuit, a provider of financial management and marketing products and services, closed at $367.00 per share on August 21, 2026, with a one-month return of 20.76% and a 52-week loss of 44.14%. The portfolio returned 7.4% gross and 7.2% net for the quarter, trailing the MSCI ACWI and MSCI ACWI Growth Index. SGA's Global Growth Portfolio, which included AI beneficiaries, saw median revenue and EPS growth at 12% and 14%, respectively, with more than 60% of holdings surpassing expectations. The firm maintained a preference for durable compounders and expected 16% revenue growth and 20% earnings growth over three years. Despite Intuit's double-digit revenue growth and above 40% margin expansion, the firm exited its position due to weaker than expected Consumer Tax performance and concerns over management's execution in a challenging environment.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}