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Tuesday, April 12, 2022

CarMax Raises Long-Term Targets

CarMax, Inc. (KMX) said the company now targets to sell between 2 million and 2.4 million vehicles through its combined retail and wholesale channels by fiscal 2026. The company also expects to generate between $33 billion and $45 billion in revenue by fiscal 2026. CarMax re-affirmed the growth of its nationwide share of the age 0-10 used vehicle market to more than 5% by the end of calendar 2025.

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Lamb Weston Affirms FY22 Sales Growth Outlook; Q3 Results Top Estimates

While reporting financial results for the third quarter on Thursday, Lamb Weston Holdings, Inc. (LW) said it now continues to project net sales growth for the full-year 2022 to be above its long-term target range of low-to-mid single digits.

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Conagra Brands Guides Q4 Adj. EPS Below View; Cuts FY22 Adj. EPS Outlook

While reporting financial results for the third quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) provided its adjusted earnings and organic net sales growth guidance for the fourth quarter. The company also lowered its adjusted earnings outlook for the full-year 2022.

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Apogee Enterprises Guides FY23 Adj. EPS In Line With Estimates; Q4 Results Top View

While reporting financial results for the fourth quarter on Thursday, Apogee Enterprises, Inc. (APOG) initiated adjusted earnings guidance for the full-year 2023, in line with analysts' estimates.

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Schnitzer Steel Industries Q2 Profit Meets Estimates

Schnitzer Steel Industries reported Wednesday that profit for the second quarter declined from last year, hurt by lower revenues amid supply chain disruptions and inflationary pressure on operating costs. Adjusted net income per share from continuing operations met analysts' estimates, while quarterly revenues topped it.

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Tilray Swings To Profit In Q3

Cannabis cultivator Tilray, Inc. (TLRY, TLRY.TO) reported Wednesday a third-quarter net income attributable to stockholders of Tilray of $43.19 million or $0.09 per share, compared to a net loss of $273.52 million or $1.03 per share in the prior-year quarter.

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RPM Q3 Results Top Estimates; Guides Q4 Sales Below Estimates

RPM International, Inc. (RPM) reported Wednesday that net income attributable to RPM for the third quarter declined to $33.02 million or $0.25 per share from $38.24 million or $0.29 per share in the prior-year quarter. Excluding special items, adjusted earnings for the quarter was $0.38 per share.

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