Friday, September 30, 2022

Carnival Corp. Q3 Results Miss Estimates

Carnival Corporation & plc (CCL) reported Friday that net loss for the third quarter sharply narrowed to $770 million or $0.65 per share from $2.84 billion or $2.50 per share in the prior-year quarter.

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Thursday, September 29, 2022

Bed Bath & Beyond Maintains FY22 Outlook - Update

While reporting financial results for the second quarter on Thursday, beleaguered home improvement retailer Bed Bath & Beyond, Inc. (BBBY) maintained its comparable sales guidance for the full-year 2022.

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Rite Aid Q2 Adj. Loss Wider Than Estimates; Slashes FY23 Adj. Loss Outlook

While reporting financial results for the second quarter on Thursday, drugstore chain Rite Aid Corp. (RAD) slashed its outlook for fiscal 2023 net loss primarily due to goodwill impairment charges in the Pharmacy Services Segment and increased impairment charges for closed stores. Meanwhile, it maintained annual revenue forecast.

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Rational AG Raises FY22 Guidance

Rational AG (RTLLF.PK) said, following strong sales revenues in the first half of the year, it appears that they will be at a record high again in the third quarter. The Executive Board projects sales revenues of around 270 million euros in the third quarter.

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Tuesday, September 27, 2022

Neogen Q1 Net Profit Plunges, But Revenue Up 3%

Neogen Corp. (NEOG) reported on Tuesday that net income for the first quarter plunged to $5.21 million or $0.05 per share from to $17.08 million or $0.16 per share in the prior-year quarter.

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TD SYNNEX Q3 Profit Spikes, Beats Estimates

TD SYNNEX Corp. (SNX) Tuesday reported a surge in third-quarter earnings supported by a nearly three times increase in revenues, reflecting integration. SYNNEX Corp. and Tech Data Corp. had completed their merger to form TD SYNNEX last year. Earnings as well as revenue beat estimates.

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United Natural Foods Guides FY23 In Line With Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, grocery wholesaler United Natural Foods, Inc. (UNFI) initiated its adjusted earnings and net sales guidance for the full-year 2023, in line with analysts' expectations.

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Thursday, September 22, 2022

Correction: FactSet Guides FY23 Adj. EPS In Line With Estimates; Q4 Adj. EPS Misses View

correction: corrects headline to say Q4 misses estimates

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FactSet Guides FY23 Adj. EPS In Line With Estimates; Q4 Adj. EPS Tops View

While reporting financial results for the fourth quarter on Thursday, FactSet Research Systems, Inc. (FDS) initiated its earnings and revenue outlook for the full-year 2023.

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Accenture Guides FY23 EPS Below Estimates; Raises Dividend 15%

While reporting financial results for the fourth quarter on Thursday, professional services company Accenture plc (ACN) initiated earnings and revenue growth outlook for the full-year 2023, and also provided revenue outlook for the first quarter.

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Wednesday, September 21, 2022

General Mills Raises FY23 Outlook

General Mills (GIS) said its first-quarter constant-currency adjusted operating profit increased 8 percent year-over-year, driven by higher adjusted gross profit dollars, partially offset by higher adjusted selling, general, and administrative expenses. Adjusted EPS increased 13 percent in constant currency, primarily driven by higher adjusted operating profit. Organic net sales increased 10 percent, driven by positive organic net price realization and mix, partially offset by lower organic pound volume, including the impact of a voluntary recall on certain international Häagen-Dazs ice cream products. Looking forward, the company increased its full-year outlook for net sales, operating profit, and EPS growth.

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Tuesday, September 20, 2022

Apogee Enterprises Swings To Profit In Q2, Beats Estimates

Apogee Enterprises, Inc. (APOG) Tuesday announced a turnaround to profit for the second quarter from loss last year. On a per-share basis, earnings beat estimates. Revenues were up 14 percent, supported by growth in Architectural Framing Systems and Architectural Services. The company also raised its full-year earnings outlook range.

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Kingfisher Plc H1 Adj. Pretax Profit Declines; LFL Sales Down 4.1%

Kingfisher plc (KGF.L) said its first half performance was in line with expectations with total sales declining 2.8% in constant currency and like-for-like sales down 4.1% from prior year. The Group noted that its like-for-like sales were 16.6% ahead of pre-pandemic levels with a sequential improvement from first quarter to second quarter.

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Monday, September 19, 2022

Amended: AutoZone Q4 Results Top Estimates

Automotive replacement parts retailer AutoZone, Inc. (AZO) reported Tuesday that net income for the fourth quarter increased to $810.04 million or $40.51 per share from $785.77 million or $35.72 per share in the year-ago quarter.

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Tuesday, September 13, 2022

Core & Main Boosts FY22 Outlook As Q2 Results Top Estimates

Core & Main, Inc. (CNM), a distributor of water, wastewater, storm drainage and fire protection products, reported on Tuesday that net income attributable to the company for the second quarter soared to $115 million from $27 million last year. The company also reported earnings per share of $0.67 per share, compared to loss per share of $0.14 per share a year ago.

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Friday, September 9, 2022

Kroger Again Boosts FY22 Outlook - Update

While reporting financial results for the second quarter on Friday, supermarket chain Kroger Co. (KR) raised its adjusted earnings and identical sales outlook for the full-year 2022.

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Thursday, September 8, 2022

FuelCell Energy Q3 Results Top Estimates

Clean energy technology company FuelCell Energy, Inc. (FCEL) on Thursday reported a second-quarter net loss attributable to common stockholders of $30.21 million or $0.08 per share, sharply wider than $12.80 million or $0.04 per share in the prior-year quarter.

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Wednesday, September 7, 2022

Korn Ferry Q1 Adj. EPS Miss Estimates; Guides Q2 In Line With View

Consulting firm Korn/Ferry International, Inc. (KFY) reported on Wednesday a profit for the first quarter that edged up from last year, driven a 17 percent increase in fee revenue, partially offset by higher operating expenses. Adjusted earnings per share missed analysts' expectations by a penny, while quarterly revenues topped it. The company also provided guidance for the second quarter.

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Academy Sports And Outdoors Boosts FY22 Earnings Outlook As Q2 Adj. EPS Tops Estimates

Academy Sports and Outdoors, Inc. (ASO) on Wednesday reported that net income for the second quarter declined to $188.8 million or $2.22 per share from $190.5 million or $1.99 per share in the prior-year quarter.

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REV Group Q3 Net Profit More Plunges; Trims FY22 Sales Outlook

REV Group, Inc. (REVG), a manufacturer of specialty vehicles, on Wednesday reported that net income for the third quarter plunged to $9.5 million or $0.16 per share from $23.7 million or $0.36 per share in the prior-year quarter.

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Thursday, September 1, 2022

Campbell Soup Q4 Profit Plunges, But Results Meet Estimates

Campbell Soup reported on Thursday a profit for the fourth quarter that plunged from last year, hurt by higher costs and expenses amid industry-wide inflation and supply constraints. Both adjusted earnings per share and net sales for the quarter met analysts' estimates. The company also initiated financial guidance for the full-year 2023.

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Genesco Q2 Adj. EPS Tops Estimates; Slashes FY23 Outlook

Specialty retailer Genesco, Inc. (GCO) on Thursday reported that net earnings for the second quarter declined to $7.64 million or $0.59 per share from $10.94 million or $0.75 per share in the prior-year quarter.

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Campbell Issues FY23 Guidance; Projects Organic Net Sales Growth In Range Of 4%-6%

While reporting fourth-quarter results on Thursday, Campbell Soup Company (CPB) issued fiscal 2023 guidance reflecting the expectation for continued elevated consumer demand for its brand portfolio. The company expects sales growth in both divisions. From continuing operations, the company projects adjusted EPS in a range of $2.85 to $2.95. Organic net sales is projected to increase in a range of 4% to 6%. Campbell noted that it remains on track to deliver savings of $1 billion by the end of fiscal 2025.

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Build-A-Bear Workshop Reaffirms FY22 Revenue, EBITDA Outlook - Update

While reporting financial results for the second quarter on Thursday, brick-and-mortar retailer Build-A-Bear Workshop, Inc. (BBW) reaffirmed its revenue and EBITDA guidance for the full-year 2022.

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