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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Wednesday, March 29, 2023

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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Tuesday, March 28, 2023

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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