Advertisements


Grocery Wholesaler United Natural Foods Posts Mixed Q1 Earnings, Reaffirms FY24 Outlook

United Natural Foods Inc (NYSE: UNFI) reported first-quarter FY24 sales growth of 0.3% Y/Y to $7.552 billion, missing the analyst consensus of $7.615 billion. Revenue benefitted from inflation and new business with existing customers, primarily in its Supernatural channel, partly offset by decreased units sold.  Gross profit declined 6.0% Y/Y to $1.0 billion, with a margin of 13.6% vs. 14.6% a year ago. Adjusted EBITDA declined 43.5% Y/Y to $117 million. ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Why Jack Daniel"s Parent Brown-Forman Shares Are Tumbling Today

Brown-Forman Corp (NYSE: BF-B) (NYSE: BF-A) reported Q2 FY24 sales growth of 1% Y/Y to $1.11 billion, missing the analyst consensus of $1.15 billion. The gross margin expanded to 60.6% from 56.0% a year ago. The operating margin rose to 30.6% from 28.7% the prior year, and operating income for the quarter increased 8% Y/Y to $339 million. EPS of $0.50 missed the analyst consensus of $0.51. The company held $373 million in cash and equivalents as of October 31, 2023. ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Why Thor Shares Are Jumping: Towable RVs Sales Fall In North America, Spike In EU

Thor Industries, Inc. (NYSE: THO) reported a first-quarter, fiscal year 2024 sales decline of 19.5% year-on-year to $2.501 billion, missing the analyst consensus of $2.53 billion. Net sales from the North American Towable RVs fell 28.3% Y/Y, North American Motorized RVs declined 36.7%, and European RVs increased 40.4%. EPS of 99 cents ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Crude Oil Down 4%; Pharvaris Shares Spike Higher

U.S. stocks traded mostly flat midway through trading, with the S&P 500 turning lower on Wednesday. The Dow traded up 0.01% to 36,126.75 while the NASDAQ rose 0.03% to 14,233.77. The S&P 500 also fell, dropping, 0.05% to 4,565.09. Check This Out: Top 3 Materials Stocks That Are Set To Fly In Q4   Leading and Lagging Sectors   Utilities shares rose by 1.1% on Wednesday. In trading on Wednesday, energy shares dipped by 1.3%.   Top Headline   The EIA said crude oil inventories in the U.S. declined by 4.632 million barrels in the week ending Dec. 1, 2023, following a 1.609 million increase in the prior period.   Equities Trading UP   Sera Prognostics, Inc. (NASDAQ: SERA) shares shot up 259% to $7.79 after the company announced the DSMB overseeing its PRIME study recommended stopping enrollment due to efficacy. Shares of MicroAlgo Inc. (NASDAQ: MLGO) got a boost, shooting 120% to $5.33 after the company announced it plans to establish a postgraduate training practice base. Pharvaris N.V. (NASDAQ: PHVS) shares were also up, gaining 29% to $26.92 after the company announced the CHAPTER-1 Phase 2 clinical study met its primary endpoint.   Equities Trading DOWN   ImmunoPrecise Antibodies Ltd. (NASDAQ:.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

MongoDB Shares Continue To Tank On Q3 Print: Why These Analysts Are Encouraged By Results

MongoDB Inc (NASDAQ: MDB) shares tanked in early trading on Wednesday despite the company reporting upbeat third-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Piper Sandler On MongoDB Analyst Brent Bracelin maintained an Overweight rating while raising the price target from $425 to $500. MongoDB reported its revenues higher than expected by $27 million for the third quarter, “largely driven by upside in EA,” Bracelin said in a note. “Macro headwinds pressured Atlas growth to 36% from 38% last quarter though the magnitude of deceleration is far less severe than one year ago,” he added. “We remain encouraged by MDB's ability to capitalize on Gen AI workloads and believe new products such as Atlas Vector Search could help drive a reacceleration in Atlas growth next year,” the analyst stated. Needham On MongoDB Analyst Mike Cikos reiterated a Buy rating, while lifting the price target from $445 to $495. “MongoDB reported 3QF24 upside across all key metrics versus guidance/consensus,” Cikos wrote in a note. He added that the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

A Preview Of Delta Apparel"s Earnings

Delta Apparel (AMEX:DLA) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that Delta Apparel will report an earnings per share (EPS) of $-0.80. Delta Apparel bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Earnings Preview For DouYu Intl Hldgs

DouYu Intl Hldgs (NASDAQ:DOYU) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that DouYu Intl Hldgs will report an earnings per share (EPS) of $0.03. DouYu Intl Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Earnings Outlook For Waterdrop

Waterdrop (NYSE:WDH) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that Waterdrop will report an earnings per share (EPS) of $0.02. Waterdrop bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Earnings Preview For RH

RH (NYSE:RH) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that RH will report an earnings per share (EPS) of $0.97. RH bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Hooker Furnishings"s Earnings: A Preview

Hooker Furnishings (NASDAQ:HOFT) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that Hooker Furnishings will report an earnings per share (EPS) of $0.25. Hooker Furnishings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

SecureWorks Earnings Preview

SecureWorks (NASDAQ:SCWX) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that SecureWorks will report an earnings per share (EPS) of $-0.07. SecureWorks bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Earnings Outlook For Methode Electronics

Methode Electronics (NYSE:MEI) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that Methode Electronics will report an earnings per share (EPS) of $0.12. Methode Electronics bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Earnings Preview For Genasys

Genasys (NASDAQ:GNSS) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that Genasys will report an earnings per share (EPS) of $-0.08. Genasys bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Earnings Preview For Torrid Holdings

Torrid Holdings (NYSE:CURV) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that Torrid Holdings will report an earnings per share (EPS) of $-0.05. Torrid Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Earnings Preview: Lee Enterprises

Lee Enterprises (NASDAQ:LEE) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that Lee Enterprises will report an earnings per share (EPS) of $1.40. Lee Enterprises bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Why Discount Closeout Retailer Ollie"s Stock Is Jumping Today

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) reported Q3 FY23 sales growth of 14.8% Y/Y to $480.05 million, beating the consensus of $468.55 million.  Comparable store sales increased 7.0% from the prior year's increase of 1.9%. The company opened 23 new stores, ending the quarter with 505 stores in 30 states, a year-over-year increase in store count of 9.1%. Operating income increased 32.3% to $39.1 million and operating margin expanded 100 basis points to 8.1%. Gross profit increased 17.9% to $194.1 million, while gross margin increased ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Progressive Planet Reports Record Quarterly Revenues and Income from Operations in Fiscal Q2 2024

/NOT FOR DISTRIBUTION IN THE USA/ KAMLOOPS, BC, Dec. 6, 2023 /CNW/ - Progressive Planet Solutions Inc. (TSXV:PLAN) (OTCQB:ASHXF) ("Progressive Planet", "PLAN", or the "Company"), a leader in developing CleanTech solutions for the planet, announces it has filed consolidated financial statements and related management's discussion and analysis ("MD&A") for the fiscal quarter ending October 31, 2023 ("Q2 2024") on SEDAR+. These documents are also available on the Company's website. "Progressive Planet reported record quarterly revenues and income from operations in Q2 2024," says Progressive Planet CEO Steve Harpur. Added Harpur: "With two credit facilities totalling $3.21 million remaining unused at quarter ended October 31, 2023, and with cash on hand increasing by $0.32 million since quarter ended July 31, 2023, we are funding growth with operating cash flow without raising new equity." Fiscal Q2 2024 highlights Operating cash flow increased to $0.67 million in the six months ended October 31, 2023, from negative $0.11 million for the six months ended ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Why Cigarette Company British American Tobacco Shares Are Diving Today

British American Tobacco PLC (NYSE: BTI) shares are trading lower by around 9% after it reported a pre-close trading update. BAT expects to incur an accounting non-cash adjusting impairment charge relating to some U.S. cigarette brands of around £25 billion ($31.50 billion). The company will commence amortization of the remaining value of its U.S. combustibles brands from January 2024.  BAT said it is making active investment choices to strengthen its U.S. business, accelerate momentum in Heated Products globally, and enhance capabilities supporting strategic delivery. In the U.S., macroeconomic pressures and the continued proliferation of illicit modern disposables have continued to impact the combustibles industry ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Avid Bioservices Earnings Preview

Avid Bioservices (NASDAQ:CDMO) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement. Analysts estimate that Avid Bioservices will report an earnings per share (EPS) of $-0.06. Avid Bioservices bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News

Verint Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Verint Systems Inc. (NASDAQ: VRNT) is projected to release financial results for its third quarter, after the closing bell on Dec. 6, 2023. Analysts expect the company to post quarterly earnings at 57 cents per share, down from year-ago earnings of 69 cents per share. The company’s revenue might come in at $215.90 million for the latest quarter, according to data from Benzinga Pro. Verint Systems, during September, reported weaker-than-expected second-quarter results. Verint Systems shares ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGADec 6th, 2023Related News