Be a Smart Investor: March 2023

Thursday, March 30, 2023

H&M Group Q1 Profit Rises

Hennes & Mauritz AB (HNNMY.PK, HMRZF.PK, HEN.L) reported that its first quarter result after tax was 540 million Swedish kronor compared to 217 million kronor, prior year. Earnings per share was 0.33 kronor compared to 0.13 kronor. Profit for the period, excluding IFRS 16, was 515 million kronor compared to 173 million kronor.

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NEXT Plc FY Pretax Profit Rises, Full Price Sales Up 6.9%; Maintains Current Guidance

NEXT plc (NXT.L) reported that its fiscal year profit before tax increased to 869.3 million pounds from 823.1 million pounds, prior year. Earnings per share was 570.5 pence compared to 524.0 pence. Revenue including credit account interest was 5.03 billion pounds compared to 4.63 billion pounds.

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Conn's Posts Adj. Loss In Q4; Same Store Sales Down 21.8%

Conn's, Inc. (CONN) posted a net loss for the fourth quarter of $42.8 million, or $1.79 per share, compared to net income of $7.6 million, or $0.26 per share, prior year. On a non-GAAP basis, adjusted net loss for the fourth quarter was $36.7 million, or $1.53 per share compared to adjusted net income of $9.6 million, or $0.33 per share, last year.

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Infineon Issues Higher Expectations For Q2 & FY23

Infineon Technologies AG (IFNNY) said, for the second quarter, it now expects revenue to come in above 4 billion euros, compared to its original anticipation of around 3.9 billion euros. The Segment Result Margin is now expected to reach a high-twenties percentage compared to the originally projected level of around 25 percent.

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Commercial Metals Q2 Results Top Estimates; Boosts Dividend 14%

Commercial Metals Co. (CMC) on Monday reported that net earnings for the second quarter more than halved to $179.85 million or $1.51 per share from $383.31 million or $3.12 per share in the prior-year quarter.

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Genuine Parts Reaffirms 2023 Guidance; Provides Three-Year Outlook

Genuine Parts Company (GPC) said, for the year ending December 31, 2023, it continues to expect: adjusted earnings per share of $8.80 to $8.95; and total sales growth of 4% to 6%.

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Core & Main Q4 Results Miss Estimates; Guides FY22 Revenues Above View

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 fourth quarter grew to $54 million or $0.31 per share from $48 million or $0.28 per share last year.

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Rational AG FY22 EBIT Rises; Sales Revenues Up 31%

Rational AG (RTLLF.PK) reported fiscal 2022 profit after taxes of 185.7 million euros compared to 123.7 million euros, prior year. Earnings per share was 16.33 euros compared to 10.88 euros. EBIT was 237.5 million euros, up around 48 percent on the previous year. EBIT margin was 23.2 percent compared to 20.5 percent.

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Carnival Corporation & Plc Q1 Results Outperform Its Guidance

Carnival Corporation & plc (CCL, CUK) stated that, in the first quarter, the company outperformed its guidance on all measures. The company achieved record first quarter net per diems, exceeding the high end of its guidance, driven by improving ticket prices and sustained growth in onboard revenue.

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Commercial Metals Q2 Results Top Estimates; Boosts Dividend 14%

Genuine Parts Reaffirms 2023 Guidance; Provides Three-Year Outlook

Accenture Sees Higher Q3 Revenues; Cuts FY23 Earnings, Sales Growth View - Update

Professional services company Accenture plc (ACN), while reporting weak profit and higher revenues in its second quarter on Thursday, said it sees higher third-quarter revenues, but trimmed fiscal 2023 forecast for earnings, and revenue growth view.

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89bio: Phase 2b ENLIVEN Trial Of Pegozafermin In Patients With NASH Meets Primary Goals

89bio, Inc. (ETNB), a clinical-stage biopharmaceutical company focused on liver and cardiometabolic diseases, announced Wednesday positive topline data from the Phase 2b ENLIVEN trial evaluating treatment with pegozafermin in patients with nonalcoholic steatohepatitis or NASH.

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Petco Health Q4 Profit Rises, Adj. EPS Misses View; Warns On FY23 Adj. Earnings

Pet retailer Petco Health and Wellness Co., Inc. (WOOF) reported Wednesday that its fourth-quarter net income was $32.7 million or $0.12 per share, an increase of 12.9 percent from $29.0 million or $0.11 per share in the prior year.

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Kingfisher FY Adj. Post-tax Profit Declines; LFL Sales Down 2.1%

Kingfisher (KGF.L) reported statutory pre-tax profit of 611 million pounds for the year ended 31 January 2023 compared to 1.01 billion pounds, prior year. Earnings per share was 23.5 pence compared to 39.8 pence. Adjusted pre-tax profit declined to 758 million pounds from 949 million pounds. Adjusted earnings per share was 29.4 pence compared to 34.8 pence.

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Foot Locker Q4 Profit Down, Warns On FY23; To Close Hong Kong Operations

Foot Locker, Inc. reported Monday sharply lower profit in its fourth quarter with slight drop in net sales, even as comparable sales increased. Further, the specialty athletic retailer announced dividend, and issued fiscal 2023 forecast, well below last year. However, over the long term, the company projects growth. Foot Locker further announced that it is transforming its business model in Asia.

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PDD Holdings Q4 Profit Rises 43%

PDD Holdings, Inc. (PDD) reported on Monday that fourth-quarter net income attributable to ordinary shareholders grew 43 percent to RMB9.45 billion or $1.37 billion), from RMB6.62 billion in the prior-year quarter. Earnings per ADS were RMB6.52 or $0.95, up from RMB4.66 a year ago.

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Dollar General Q4 Profit Rises, While Children's Place Slips To Loss

Retailers Dollar General Corp. (DG) and The Children's Place, Inc. (PLCE) reported on Thursday that financial results for the fourth quarter, with Dollar General profit and revenues growing from last year and Children's Place slipping to a loss with net sales also declining from last year.

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Jabil Guides Q3 In Line With Estimates; Q2 Results Top Estimates

While reporting preliminary, unaudited financial results for its second quarter on Thursday, Jabil Inc. (JBL) said it expects third-quarter earnings in a range of $1.50 to $1.90 per share and core earnings in a range of $1.70 to $2.10 per share on net revenues between $7.9 billion and $8.5 billion.

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Cato Corp. Posts Narrower Loss In Q4; Same-store Sales Up 3%

The Cato Corporation (CATO) reported a net loss of $3.0 million or $0.14 per share for the fourth quarter, compared to a net loss of $6.5 million or $0.30 per share, prior year.

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RTL Group FY12 Adj. EBITA Declines; Revenue Up 1.6% Organically

RTL Group (AUO.F) reported fiscal 2022 Group profit of 766 million euros compared to 1.45 billion euros, prior year. The Group noted that 2021 was positively impacted by capital gains of 717 million euros from the sale of SpotX. EPS was 4.35 euros compared to 8.41 euros.

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DEUTZ FY22 Adj. EBIT More Than Doubles; Revenue Up 20.8%

DEUTZ (DEZBF.PK, DEUZF.PK) reported that its fiscal 2022 net income increased to 80.2 million euros from 38.2 million euros, last year. Earnings per share increased to 0.66 euros from 0.32 euros. Net income before exceptional items advanced by 108.5 percent to 86.1 million euros. Earnings per share before exceptional items increased to

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Crescita Therapeutics Q4 Profit Rises, But Revenues Decline

Crescita Therapeutics Inc. (CTX.TO) reported Wednesday that net income for the fourth quarter grew to C$1.18 million or C$0.04 per share from C$0.94 million or C$0.04 per share in the prior-year quarter.

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BMW Q4 Pre-tax Profit Climbs, Ups Dividend; Sees Weak Profit In FY23

German luxury carmaker BMW AG reported Wednesday weak net profit in its fourth quarter, while pre-tax profit grew with higher revenues and deliveries. The company also lifted its dividend. For fiscal 2023, Group profit before tax is projected to decrease significantly mainly on the absence of a prior year gain. In its core business, the company expects profitable growth in 2023.

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Fraport AG FY12 Profit Rises; Adj. Revenue Up 50.6%

Fraport AG (FRA.DE, 0O1R.L, FPRUF.PK) reported that its fiscal 2022 net profit improved significantly by 81.5 percent to 166.6 million euros from 91.8 million euros, prior year, despite the negative one-off effect from the complete write-off of the investment in Russia. Basic earnings per share was 1.43 euros compared to 0.90 euros. Group EBITDA rose by 36.0 percent year-on-year to 1.03 billion euros.

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ZIM Integrated Shipping Q4 Results Down, But Top Estimates; Stock Up In Pre-market

ZIM Integrated Shipping Services Ltd. (ZIM), an Israeli container liner shipping company, reported Monday that its fourth-quarter net income fell to $417 million from last year's $1.71 billion.

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AirSculpt Technologies Adj. EPS Tops Estimates

AirSculpt Technologies, Inc. (AIRS) reported on Friday that net loss for the fourth quarter narrowed to $7.19 million or $0.13 per share from $14.15 million or $0.01 per share in the prior-year quarter.

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ChipMOS Technologies February Revenues Down 31.5% Year-over-year

Semiconductor company ChipMOS Technologies Inc. (IMOS) reported Friday that revenue for the month of February declined 31.5 percent to NT$1.44 billion or $46.8 million from NT$2.10 billion or $68.3 million in the prior-year quarter. It also increased 8.1 percent sequentially from January.

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Lufthansa Stock Up On Q4 Profit, FY23 View For Improved Earnings

Shares of Deutsche Lufthansa AG were gaining around 6 percent in the morning trading in Germany after the flag carrier reported Friday a profit in its fourth quarter, compared to last year's loss, benefited by significant demand growth in air travel. Fiscal 2022 revenue almost doubled, and the airline projects further significant improvement in fiscal 2023 adjusted EBIT.

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Genesco Q4 Profit Down, Comps Up; Issues FY24 Forecast; Stock Down In Pre Market

Specialty retailer Genesco Inc. (GCO) reported Thursday that its fourth-quarter net earnings declined to $38.95 million from last year's $62.14 million. Earnings per share were $3.21, down from $4.41 a year ago.

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Deutsche Post DHL Q4 Profit Down; Sees Weak EBIT In FY23

Package delivery and logistics major Deutsche Post DHL Group reported Thursday weak earnings in its fourth quarter, despite higher revenues benefited mainly by international operations. For fiscal 2022, the company recorded improved results, but sees weak earnings for fiscal 2023. Over the medium term, it projects earnings growth. Further, the company raised its dividend and expanded share buyback

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Hannover Re FY22 Net Income Rises

Hannover Re (HVRRY.PK) reported that its fiscal 2022 net income rose by 14.2% to 1.41 billion euros from 1.23 billion euros, prior year. Earnings per share was 11.66 euros compared to 10.21 euros. The operating profit or EBIT improved by 20.3% to 2.1 billion euros from 1.7 billion euros. Gross premium for the Group increased by 19.9% to 33.3 billion euros.

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ABM Industries Q1 Adj. EPS Tops Estimates, But Revenues Miss; Backs FY23 Outlook

Facility management company ABM Industries, Inc. (ABM) reported on Wednesday first-quarter net income of $38.5 million or $0.58 per share, sharply lower than $76.0 million or $1.01 per share in the prior-year quarter.

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Diversey Agrees To Go Private In $4.6 Bln Cash Deal With Solenis; Stock Climbs In Pre-market

Diversey Holdings, Ltd. (DSEY), a provider of cleaning and hygiene products, announced Wednesday that it has entered into a definitive merger agreement to be bought by specialty chemicals company Solenis in an all-cash deal valued at an enterprise value of around $4.6 billion.

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Campbell Soup Boosts FY23 Outlook As Q2 Results Top Estimates

Campbell Soup Co. (CPB) reported on Wednesday a profit for the second quarter that grew nine percent from last year, driven by 12 percent net sales growth amid favorable net price realization. Adjusted earnings per share and quarterly net sales topped analysts' estimates. The company also raised its financial guidance for the full-year 2023.

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Korn Ferry Guides Q4 Well Above Estimates As Q3 Results Top Estimates

While reporting financial results for the third quarter on Wednesday, consulting firm Korn Ferry (KFY) provided earnings and fee revenue guidance for the fourth quarter, well above analysts' estimates.

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Adidas Slips To Q4 Loss, Cuts Dividend, Warns On FY23; Stock Down

Shares of adidas AG were losing around 2 percent in the morning trading in Germany after the sports sneaker and apparel maker on Wednesday reported a loss in its fourth quarter, compared to last year's profit, hurt by charges mainly related to the termination of the Yeezy partnership. Further, the company trimmed its dividend, and said it projects an operating loss and weak sales in fiscal 2023.

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Adidas Posts Loss In Q4; Currency-neutral Revenues Down 1%

adidas (ADDYY.PK, ADDDF.PK) reported a fourth-quarter net loss from continuing operations of 482 million euros including one-off costs of around 50 million euros mainly related to restructuring costs compared to net income from continuing operations of 123 million euros, prior year. Loss per share from continuing operations was 2.69 euros compared to profit of 0.58 euros. adidas recorded an operating loss of 724 million euros compared to operating profit of 66 million euros, prior year. Total adidas revenues increased 1% to 5.20 billion euros. Currency-neutral revenues in the fourth quarter declined 1%.

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DICK'S Sporting Q4 Results Top Estimates; Doubles Dividend

Sporting goods retailer DICK'S Sporting Goods Inc. (DKS) reported Tuesday that profit for the fourth quarter decreased 32 percent from last year, hurt by lower gross margins despite a 7.3 percent net sales growth. Adjusted earnings per share and quarterly net sales topped analysts' estimates. The company also initiated earnings and consolidated same store sales guidance for the full-year 2023.

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International Game Technology Guides Q1, FY23 Revenue In Line - Update

While reporting financial results for the fourth quarter on Tuesday, International Game Technology Plc (IGT) said it expects revenues for the first quarter of about $1.0 billion and revenue outlook for the full-year 2023 in the range of $4.1 billion to $4.3 billion.

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Henkel FY22 Profit Down, Sees Slower Organic Sales Growth In FY23; Stock Down

Shares of Henkel AG & Co. KGaA were losing around 3 percent in the morning trading in Germany after the chemical and consumer goods firm reported Tuesday weak earnings in its fiscal 2022, despite increased sales. Further, the company maintained its dividend, and said it sees slower organic sales growth in fiscal 2023. For fiscal 2023, Henkel expects organic sales growth would be between 1 and 3...

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GEA Group FY22 Profit Rises; Organic Revenue Growth At 8.9%

GEA Group AG (GEAGF.PK, GEAGY.PK) reported that its fiscal 2022 profit increased 31.5 percent to 401.4 million euros. Earnings per share was 2.28 euros compared to 1.70 euros. Earnings per share before restructuring expenses improved to 2.58 euros from 1.99 euros. EBITDA before restructuring expenses climbed 14 percent to 712 million euros. EBITDA margin increased by 0.5 percentage points to 13.8 percent.

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Ciena Q1 Results Top Estimates

Networking systems firm Ciena Corp. (CIEN) reported on Monday that profit for the first quarter increased from last year, driven by strong 25 percent revenue growth despite supply chain challenges. Adjusted earnings per share and quarterly revenues topped analysts' expectations.

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Craneware H1 Pre-Tax Profit Declines

Craneware plc (CRW.L) Monday announced a decline in first-half pre-tax profit to $5.2 million from $6.2 million in the prior year. On an adjusted basis, earnings per share were $0.41.

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Hibbett Guides FY24 Below Estimates As Q4 Results Miss Estimates

While reporting financial results for the fourth quarter and full-year 2023 on Friday, athletic-inspired fashion retailer Hibbett Sports Inc. (HIBB) initiated earnings, sales and comparable store sales growth guidance for the full-year 2024.

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Lufthansa Stock Up On Q4 Profit, FY23 View For Improved Earnings

Marcus Slips To Loss In Q4

Marcus Corp. (MCS) reported on Thursday a net loss attributable to the company of $9.32 million or $0.30 per share for the fourth quarter, compared to net income of $6.44 million or $0.18 per share in the prior-year quarter.

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Medical Properties Trust Slips To Loss In Q4

Medical Properties Trust, Inc. (MPW) reported Thursday a fourth-quarter net loss attributable to stockholders of $140.47 million or $0.24 per share from $206.54 million or $0.34 per share prior-year quarter.

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Merck KgaA Profit Rises, Ups Dividend; Sees Weak To Flat EBITDA Pre In FY23

German science and technology major Merck KgaA reported Thursday higher profit and revenues in its fiscal 2022, with improved performance in all divisions. The company further lifted its dividend, and said it expects weak to flat EBITDA pre in fiscal 2023, but higher organic sales.

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Abercrombie & Fitch, Dollar Tree Q4 Profit Down, While Kohl's Slips To Loss

U.S. retailers Abercrombie & Fitch Co. (ANF), Dollar Tree Inc. (DLTR) and Kohl's Corp. (KSS) on Wednesday reported results for the fourth quarter, with profit at Abercrombie & Fitch declining, and profit at Dollar Tree edging down from last year, while Kohl's slipped to a loss.

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Federal Signal Guides FY23 Revenues Above View; Q4 Results Top Estimates

While reporting financial results for the fourth quarter on Wednesday, Federal Signal Corp. (FSS) initiated its adjusted earnings and net sales guidance for the full year 2023.

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Wendy's Co. Guides FY22 Adj. EPS In Line; Q4 Results Top Estimates

While reporting financial results for the fourth quarter on Wednesday, The Wendy's Co. (WEN) initiated its adjusted earnings and global systemwide sales growth guidance for the full-year 2023. The company also initiated long term systemwide sales growthoutlook in the mid-single digits for 2024-25.

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Donaldson Boosts FY23 Outlook As Q2 Adj. EPS Tops Estimates

While reporting financial results for the second quarter on Wednesday, Donaldson Co. Inc. (DCI) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2023.

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Lowe's Guides FY23 Earnings In Line With Estimates - Update

While reporting financial results for the fourth quarter on Wednesday, home improvement retailer Lowe's Cos., Inc. (LOW) initiated its earnings, total sales and comparable sales guidance for the full-year 2023.

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