Breaking News
Jun 1, 2023
-
Nordstrom Inc increased 3% to $15.76 after the company reported better-than-expected quarterly results.
The company reaffirmed its revenue and adjusted financial outlook for fiscal 2023 and revenue is estimated to fall between 4% and 6%, including an approximately 250 basis point negative impact from the wind-down of Canadian operations and an approximately 130 basis point positive impact from the 53rd week in the current year.
Net sales declined 11.6% to $3.0 billion from $3.5 billion and the company swung to a loss of $205 million from a profit of $20 million and diluted earnings per share was ($1.27) compared to 13 cents a year ago. -
Salesforce Inc declined 5% to $212.38 after the company highlighted softness in large account sales activities.
Revenue in the first quarter ending in April increased 11% to $8.25 billion from $7.4 billion and net income jumped to $199 million from $28 million and diluted earnings per share advanced to 20 cents from 3 cents a year ago.
The company reiterated its full-year fiscal 2024 revenue to fall 10% to between $34.5 billion and $334.7 billion and GAAP earnings between $2.67 and $2.69.
The company estimated fiscal second quarter revenue range between $8.51 billion and $8.53 billion and GAAP earnings per share between 79 cents and 80 cents. -
Macy's Inc declined 4.8% to $12.94 after the company reported weak quarterly results and lowered its annual outlook citing macroeconomic headwinds.
Net sales in the quarter declined 7% to $4.98 billion from $5.4 billion and net income plunged to $155 million from $286 million and diluted earnings per share fell to 56 cents from 98 cents a a year ago.
Digital sales declined 8% and retail store sales fell 6% from a year ago.
Comparable store sales at locations owned by the company declined 7.9% and fell 7.2% including licensed sales.
The company lowered its full-year revenue estimate to between $22.8 billion from $23.2 billion from between $23.7 billion and $24.2 billion in the previous estimate. -
Dollar General Corp plunged 18.4% to $164.40 after the deep discount retailer lowered its same store sales in the current year to between 1% and 2% from the previous estimate between 3.0% and 3.5%.
The retailer also lowered its net sales growth estimate in the current year to between 3.5% and 5.0% from the previous estimate between 5.5% and 6.0%.
Net sales in the quarter increased 6.8% to $9.3 billion and net income declined to $514.8 million from $552.6 million and diluted earnings per share fell to $2.34 from $2.41 a year ago.
As of May 5, 2023, total merchandise inventories, at cost, were $7.3 billion compared to $6.1 billion as of April 29, 2022, an increase of 14.7% on a per-store basis.
This increase primarily reflects the impact of product cost inflation.
The company declared quarterly dividend of 59 cents a share, payable on or before July 25 to shareholders on record July 11. -
Chewy Inc soared 23.5% to $36.43 after the online retailer of pet foods reported better-than-expected quarterly results.
Net sales in the fiscal first quarter increased 14.7% to $2.78 billion and net income increased to $22.2 million from $18.5 million and diluted earnings per share rose to 5 cents from 4 cents a year ago. -
Advance Auto Parts, Inc plunged 30.50% to $78.30 after the auto parts retailer reported a sharp decline in earnings, cut its dividend and lowered its full-year estimate.
Net sales in the first quarter increased 1.3% to $3.4 billion, driven by new store openings and partially offset by a 0.4% decline in comparable store sales.
Net income plunged to $42.6 million from $129.8 million and diluted earnings per share fell to 72 cents from $2.26 a year ago.
The specialty retailer announced a quarterly dividend of 25 cents per share compared to $1.50 in the previous quarter.
The retailer lowered its estimate of new store openings from between 60 and 80 to between 40 and 60 in the current fiscal year.
The company also slashed its annual earnings per share estimate between $6.0 and $6.50 from the previous outlook between $10.20 and $11.20. -
American Airlines Group Inc increased 1.8% to $14.88 after the international airline lifted its earnings outlook and revised higher operating margin.
The airline revised higher second quarter earnings per share between $1.45 and $1.65 from the previously estimated range between $1.20 and $1.40.
The company revised higher its margin estimate from between 11% and 13% to between 12.5% and 14.5%. -
Hewlett Packard Enterprise dropped 6.3% to $14.56 after the company announced mixed quarterly results.
Sales in the fiscal second quarter ending in April increased 4% to $6.97 billion and net income increased to $418 million from $250 million and diluted earnings per share rose to 32 cents from 19 cents a year ago.
The company declared a regular cash dividend of 12 cents a share to shareholders on record on June 15 payable on July 14.
The company guided fiscal third quarter revenue between $6.7 billion and $7.2 billion and diluted earnings per share between 34 cents and 38 cents.
The company estimated full-year revenue growth in constant currency between 4% and 6% and revised higher diluted earnings per share between $1.42 and $1.50. -
Yatra Online Inc increased 3.8% to $2.06 after the company reported a rebound in travel sales in India.
Revenue in the March quarter increased 97.4% to ₹1.2 billion and the company swung to a profit of ₹7.5 million from a loss of ₹117.2 million a year ago.
For the fiscal year ending in March 2023, revenue increased 92.4% to ₹3.8 billion and loss shrank to ₹288.2 million from ₹482.5 million a year ago.
In the year, air passengers booked jumped 51% to 5.6 million from 3.7 million and hotel room nights books soared 72% to 1.7 million from 1.0 million a year ago. -
HP Inc declined 4.6% to $29.50 after the computer and advanced systems maker reported weaker than expected results.
Revenue in the fiscal second quarter ending in April dropped 21.7% to $12.9 billion from $16.5 billion and net income increased 7% to $1.07 billion from $1.0 billion and diluted earnings per share rose to $1.07 from 94 cents a year ago.
For the fiscal third quarter, the company estimated diluted earnings per share between 61 cents and 71 cents and for the fiscal year 2023 between $2.91 and $3.11.
May 31, 2023