Bausch Lomb To Buy XIIDRA Eye Drop From Novartis In Up To $2.5 Bln Deal; Stock Up In Premarket

Eye healthcare firm Bausch + Lomb Corp. (BLCO) Friday said it has entered into a definitive agreement to buy XIIDRA (lifitegrast ophthalmic solution) 5%, a non-steroid eye drop, from Swiss drug major Novartis AG (NVS) for up to $2.5 billion.

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Paychex Guides FY24 Above Estimates - Update

While reporting financial results for the fourth quarter and fiscal 2023 on Thursday, payroll and HR services provider Paychex Inc. (PAYX) initiated adjusted earnings growth and revenue growth guidance for the full year 2024, above analysts' estimates.

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McCormick Raises FY23 Adj. EPS Guidance

McCormick & Company, Incorporated (MKC) reaffirmed its fiscal 2023 sales outlook and raised its operating income and adjusted earnings per share outlook, driven by the strength of its year-to-date performance. The company expects strong underlying business performance in 2023 driven by sales growth.

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H&M Group Q2 Result After Tax Declines; Net Sales Up 6%

H&M group (HNNMY.PK, HMRZF.PK, HEN.L) reported that its second-quarter result after tax was 3.29 billion Swedish kronor compared to 3.68 billion kronor, prior year. Earnings per share was 2.02 kronor compared to 2.22 kronor. Net sales increased by 6 percent to 57.62 billion Swedish kronor. In local currencies, net sales were flattish with last year.

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UniFirst Boosts FY23 Revenue Outlook; Q3 Adj. EPS Miss Estimates

While reporting financial results for the third quarter on Wednesday, UniFirst Corp. (UNF) maintained its earnings guidance for the full-year 2023, while raising annual revenue outlook.

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PZ Cussons Q4 LFL Revenue Growth At 6.7% - Quick Facts

PZ Cussons Plc (PZC.L) reported fourth-quarter like for like revenue growth of 6.7%, resulting in 6.1% LFL growth for fiscal 2023. Group revenue for fiscal 2023 is expected to be approximately 655 million pounds. PZ Cussons anticipates adjusted profit before tax for the year of at least 70 million pounds reflecting a particularly strong fourth quarter performance in Africa.

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Carnival Corp. Q2 Adj. Loss Narrows; Introduces SEA Change Program

Carnival Corporation & plc (CCL, CCL.L, CUK) said the company reached a meaningful inflection point for revenue during its second quarter, with net yields surpassing 2019's strong levels. The company recorded positive operating income, cash from operations and adjusted free cash flow during the quarter. Carnival noted that it saw continued acceleration of demand, with total bookings made during the quarter reaching a new all-time high for all future sailings.

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Accenture Raises FY23 Adj. EPS Outlook; Boosts Dividend 15% - Update

While reporting financial results for the third quarter on Thursday, professional services company Accenture plc (ACN) raised its earnings and adjusted earnings outlook for the full-year 2023, while trimming annual revenue growth forecast. It also provided revenue outlook for the fourth quarter.

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Darden Issues FY24 Guidance Lifts Quarterly Dividend; Board Chairman To Retire

Darden Restaurants, Inc. (DRI) said, for fiscal 2024, the company estimates adjusted net earnings per share from continuing operations of $8.55 to $8.85, excluding approximately $0.34, after-tax, of Ruth's Chris integration related expenses. The company targets total sales of $11.5 to $11.6 billion in fiscal 2024. Same-restaurant sales growth is projected in a range of 2.5% to 3.5%. Darden targets new restaurant openings of approximately 50. The company's projected total capital spending for the fiscal year is in a range of $550 to $600 million.

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Winnebago Industries Q3 Net Profit Halves But Adj. EPS Tops Estimates

Recreation vehicles maker Winnebago Industries, Inc. (WGO) reported on Wednesday that third-quarter net income plunged to $59.1 million or $1.71 per share from $117.2 million or $3.57 per share in the prior-year quarter.

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Walgreens Boots Alliance Slashes FY23 Adj. EPS Outlook; Stock Down 7% - Update

While reporting financial results for the third quarter on Tuesday, Walgreens Boots Alliance, Inc. (WBA) slashed its adjusted earnings guidance for the full-year 2023 to a range of $4.00 to $4.05 per share from the prior forecast range of $4.45 to $4.65 per share, reflecting challenging consumer and macroeconomic conditions, and lower COVID-19 vaccine and testing volumes.

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Korn Ferry Guides Q1 Adj. EPS Below Estimates; Q4 Adj. EPS Meets View

While reporting financial results for the fourth quarter on Tuesday, consulting firm Korn Ferry, Inc. (KFY) provided earnings, adjusted earnings and fee revenue guidance for the first quarter.

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PZ Cussons Q4 LFL Revenue Growth At 6.7% - Quick Facts

PZ Cussons Plc (PZC.L) reported fourth-quarter like for like revenue growth of 6.7%, resulting in 6.1% LFL growth for fiscal 2023. Group revenue for fiscal 2023 is expected to be approximately 655 million pounds. PZ Cussons anticipates adjusted profit before tax for the year of at least 70 million pounds reflecting a particularly strong fourth quarter performance in Africa.

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Carnival Corp. Q2 Adj. Loss Narrows; Introduces SEA Change Program

Carnival Corporation & plc (CCL, CCL.L, CUK) said the company reached a meaningful inflection point for revenue during its second quarter, with net yields surpassing 2019's strong levels. The company recorded positive operating income, cash from operations and adjusted free cash flow during the quarter. Carnival noted that it saw continued acceleration of demand, with total bookings made during the quarter reaching a new all-time high for all future sailings.

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Apogee Rises In Pre-market On Q1 Results Increased Outlook Ahead Of Street View

Following the release of first-quarter results and annual outlook, Apogee Enterprises, Inc. (APOG) is trading up by 6.24 percent at $46.50 per share in the pre-market trading on the Nasdaq.

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Darden Issues FY24 Guidance Lifts Quarterly Dividend; Board Chairman To Retire

Darden Restaurants, Inc. (DRI) said, for fiscal 2024, the company estimates adjusted net earnings per share from continuing operations of $8.55 to $8.85, excluding approximately $0.34, after-tax, of Ruth's Chris integration related expenses. The company targets total sales of $11.5 to $11.6 billion in fiscal 2024. Same-restaurant sales growth is projected in a range of 2.5% to 3.5%. Darden targets new restaurant openings of approximately 50. The company's projected total capital spending for the fiscal year is in a range of $550 to $600 million.

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Patterson Up Over 11% In Pre-market As Q4 Results Beat View; Annul Outlook Above Estimates

Shares of Patterson Companies, Inc. (PDCO) were gaining over 11 percent on Wednesday morning after the company posted a rise in earnings and revenue for the fourth-quarter and initiated full year 2024 outlook, above analysts' estimates.

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Winnebago Industries Q3 Net Profit Halves But Adj. EPS Tops Estimates

Recreation vehicles maker Winnebago Industries, Inc. (WGO) reported on Wednesday that third-quarter net income plunged to $59.1 million or $1.71 per share from $117.2 million or $3.57 per share in the prior-year quarter.

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Humana Reaffirms FY23 Earnings Guidance

Humana Inc. (HUM) reaffirmed its guidance of at least $27.88 in earnings per common share or at least $28.25 in adjusted earnings per common share, for fiscal 2023. The company said its guidance is consistent with the outlook issued on April 26, 2023 and reaffirmed on June 1, 2023.

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Tesco Q1 Retail LFL Sales Up 8.2%; Reiterates Guidance

Tesco PLC (TSCO.L, TSCDY.PK) posted Group Retail sales, exc. VAT, exc. fuel, of 14.83 billion pounds for the 13 weeks ended 27 May 2023, up 8.2% like-for-like. UK & ROI sales were 13.79 billion pounds, up 8.8% like-for-like. The Group reiterated guidance for the full year.

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Kroger Reaffirms FY23 Outlook - Update

While reporting financial results for the first quarter on Thursday, supermarket chain Kroger Co. (KR) reaffirmed its adjusted earnings and identical sales outlook for the full-year 2023. Identical sales growth for the first quarter, without fuel, increased 3.5 percent, with underlying growth of 5.0 percent.

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Anterix Shares Up In Pre-market After On Turnaround To Profit In Q4

Shares of Anterix Inc. (ATEX) up 4.70 percent in the pre-market trading on Wednesday after it recorded a turnaround to profit for the fourth quarter, reflecting a gain from disposal of intangible assets.

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Safestore H1 Adjusted Profit Rises; LFL Revenue Up 3.1% In CER

Safestore Holdings plc (SAFE.L) reported that its first half profit before tax was 103.4 million pounds compared to 285.2 million pounds, last year. Earnings per share was 42.7 pence compared to 124.5 pence.

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MANU Up 15% In Pre-market On Hopes Of Takeover

Shares of Manchester United plc (MANU), is gaining 15 percent on Tuesday morning trade after reports suggesting that Sheikh Jassim bin Hamad al-Thani from Qatar may succeed in his bid to buy the company.

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Home Depot Reaffirms FY23 Guidance

The Home Depot (HD) reaffirmed its guidance for fiscal 2023. Sales and comparable sales are projected to decline between 2% and 5% compared to fiscal 2022. Earnings per share percent decline is anticipated between 7% and 13% compared to fiscal 2022.

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Optical Cable Up 8.25% In Pre-Market On Q2 Profit

Shares of Optical Cable Corp. (OCC) are up 8.25 percent in the pre-market trading on Monday after the company reported a turnaround to profit for the second-quarter.

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Tesla Up 6% In Pre-market On Deal To Provide Supercharger Network To GM

Shares of Tesla, Inc. (TSLA) is gaining 6 percent on Friday in the pre-market trade after General Motors Company (GM) decided to adopt Tesla Supercharger for its electric vehicles.

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Toro Co. Cuts Top End Of FY23 View; Stock Down In Premarket - Update

Toro Co. (TTC), a provider of innovative solutions for the outdoor environment, on Thursday trimmed the top end of its earnings and net sales growth forecast for fiscal 2023, despite reporting higher second-quarter results.

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Signet Posts Q1 Profit, Beats Estimates; Cuts FY24 View Below Market; Stock Down In Premarket

Signet Jewelers Limited (SIG) reported Thursday first-quarter net income attributable to common shareholders of $88.8 million, compared to last year's loss of $92.1 million.

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Designer Brands Slashes FY23 Outlook As Q1 Results Miss Estimates

Fashion retailer Designer Brands Inc. (DBI) reported on Thursday that net income attributable to the company for the first quarter more than halved to $11.42 million or $0.17 per share from $26.18 million or $0.34 per share in the prior-year quarter.

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Graham Guides FY24 Revenue Above Estimates - Update

While reporting financial results for the fourth quarter on Thursday, Graham Corp. (GHM) initiated its revenue guidance for the full-year 2024.

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Brown-Forman Initiates FY24 Organic Net Sales Growth Outlook - Update

While reporting financial results for the fourth quarter on Wednesday, beverage alcohol maker Brown-Forman Corp. (BFA, BFB) said it now expected organic net sales growth in the 5% to 7% range to reflect the strength of its portfolio of brands, pricing strategy and strong consumer demand.

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Inditex Stock Up On Q1 Profit Growth; Sees Flat Margin In FY23

Shares of Inditex SA were gaining around 6 percent in the morning trading in Spain after the clothing firm that owns Zara reported Wednesday significant growth in its first-quarter profit on higher revenues as well as the absence of a prior year provision. Regarding the second quarter to date, the company said its store and online sales in constant currency between May 1 and June 4 increased 16..

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Cracker Barrel Guides Q4 Sales Growth Below Estimates; Declares Dividend - Update

While reporting financial results for the third quarter on Tuesday, Cracker Barrel Old Country Store, Inc. (CBRL) said it anticipates revenue growth of 1 to 3 percent for the fourth quarter.

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Chico's FAS Q1 Results Miss Estimates; Trims FY23 Outlook; Stock Down 8%

Fashion retailer Chico's Fas Inc. (CHS) on Tuesday reported net income for the first quarter of $39.91 million or $0.32 per share, higher than $34.93 million or $0.28 per share in the year-ago quarter.

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Macy's, Dollar General Q1 Profits Decline

Retailers Macy's, Inc. (M) and Dollar General Corp. (DG) reported on Thursday that net profits for the first quarter declined from last year, with Macy's topping estimates, while Dollar General missed it. Net sales at both retailers missed expectations. Both Macy's and Dollar General also slashed their guidance for the full-year 2023.

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Macy's Down In Pre-Market On Guidance Cut

Shares of Macy's, Inc. (M), were losing almost 5 percent in Thursday's pre-market trade after the company lowered its full-year profit guidance, due to lower demand trends.

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Best Buy, Dollar Tree Q1 Earnings Top Estimates

Retailers Best Buy Co., Inc. (BBY) and Dollar Tree Inc. (DLTR) reported on Thursday profits for the first quarter that decreased from last year, but results topped analysts' estimates. However, net sales missed estimates. Best Buy maintained its guidance for the full-year 2023, while Dollar Tree slashed its earnings outlook for the full-year 2023.

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