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    Mar 6, 2023
    • Ciena Corp said revenue in the fiscal first quarter ended on January 28 increased 25.1% to $1.06 billion from $844.44 million a year ago. Revenue in the Americas increased to $765.1 million from $595.1 million a year ago. 

      Net income increased to $76.24 million or $0.51 per share from $45.82 million or $0.29 per share in the prior-year quarter.

      The networking switches and equipment maker said two customers with 10%-plus sales combining for a total of 25.7% of total sales in the quarter.   
      • Altria Group Inc, the maker of Marlboro cigarettes, agreed to acquire e-cigarette company NJOY for $2.75 billion. 

        Altria recently sold its stake in the troubled e-cigarettes maker Juul Labs, which was once valued at $13 billion in 2018 and the company's products are still facing several investigations from the Food & Drugs Administration. 

        The U.S. FDA has approved six of the NJOY's vaping products for sale, one of the few companies with the regulatory approvals to sell vaping products. 
        • Gaia, Inc said revenue in the fourth quarter declined 6%to $19.6 million from $20.8 million and video content publishing company swung to a net loss of $0.9 million from a profit of $2.1 million and diluted earnings per share was ($0.04) compared to 11 cents a year ago. 

          In 2022, revenue increased 3% to $82.0 million from $79.6 million and the company swung to a loss of $3.1 million from a profit of $3.7 million and diluted income per share fell to ($0.15) from 19 cents a year ago. 

          The member  count as of December 31, 2022 was 759,000. 
          • ThredUp Inc said revenue in the fourth quarter decreased 2% to $71.3 million and net loss attributable to stockholders was $19.5 million compared to $17.9 million and diluted loss per share increased to 19 cents from 18 cents a year ago.   

            The resale platform operator said active buyers decreased 2% to 1.7 million and orders fell 8% to 1.5 million from the previous quarter. 

            In 2022, revenue increased to $288.3 million from $251.8 million and net loss expanded to $92.3 million from $63.2 million and diluted loss per share rose to 92 cents from 82 cents a year ago. 

            Orders in the full-year increased 22% to 6.5 million from 5.3 million in the previous year. 
            • Intrepid Potash, Inc said revenue in the fourth quarter increased to $43.7 million from $38.8 million and net income fell to $3.98 million from $223.8 million and diluted earnings per share fell to 30 cents from $16.66 a year ago. 

              Potash production in the quarter increased to !06 tons from 86 tons and sales volume fell to 50 tons from 61 tons a year ago. Average potash net realized sales price per ton increased to 693 from 504 a year ago. 

              Revenue in the full-year 2022 rose to $337.5 million from $270.3 million and net income fell to $72.2 million from $249.8 million and diluted earnings per share fell to $5.37 from $18.66 in the previous year. 

               In the full-year 2022, potash production volume in tons fell to 270 from 287, sales volume in tons declined to 222 from 331 and average potash realized net sales price per ton rose to $713 from $353 a year ago. 
              • Mar 3, 2023
              • Dell Technologies said revenue in the fourth quarter declined 11% to $25 billion and net income in the fourth quarter increased to $614 million from $2 million and diluted earnings per share rose to 84 cents from a loss of 4 cents in the previous year. 

                Revenue in the full-year 2022 increased 1% to $102.3 billion and net income plunged 51% to $2.4 billion from $5.7 billion and diluted earnings per share fell to  $3.24 from $6.26 a year ago. 
                • Best Buy Co, Inc said revenue in the fourth quarter decreased to $14.7 billion from $16.3 billion and net income declined $495 million from $626 million and diluted earnings per share dropped to $2.23 from $2.62 a year ago. 

                  Revenue in the full-year 2022 declined to $46.3 billion from $51.8 billion and net income fell to $1.4 billion from $2.5 billion and diluted earnings per share dropped to $6.29 from $9.84 a year ago.  

                  Domestic comparable sales in the fourth quarter declined 9.6% on top of 2.1% and domestic online sales fell 13.0% on top of 11.2% from a year ago. Domestic comparable sales in the fiscal year 2022 declined 9.9% from 10.4% increase and domestic online sales fell 13.5% on top of 12.0% fall in the previous year.   

                  The electronics retailer estimated revenue in the fiscal 2024 in the range between $43.8 billion from $45.2 billion and comparable sales to decline between 3.0% and 6.0%. 
                  • Hibbett Inc said net sales for the 13-weeks ended on January 28 increased 19.6% to $458.3 million compared with $383.3 million in the previous year. 

                    Comparable store sales increased 14.3% and online comparable sales increased 21.4% from the previous year. In relation to the 13-weeks ended February 1, 2020, comparable store sales increased 32.6% and online sales grew 79.8%. Online sales represented 17.4% of total net sales for the fourth quarter compared to 17.1% in the previous year and 14.2% for the 13-weeks ended February 1, 2020.

                    Net income in the fourth quarter increased to $38.4 million from $17.7 million in the year ago and diluted earnings per share rose to $2.91 from $1.25 a year ago. 
                    • Mar 2, 2023
                    • Costco Wholesale said revenue in the fiscal second quarter ending on February 12 increased to $55.2 billion from $51.9 billion and  net income increased to $1.5 billion from $1.3 billion and diluted earnings per share rose to $3.30 from $2.92 a year ago. 

                      Comparable store sales at U.S. locations excluding gasoline increased 3.5% and adjusted for calendar shift rose 3.4% and overall comparable sales rose 3.5% and 5.0% respectively. 

                      E-commerce sales in the quarter declined 11.2% and dropped 10.3% in the calendar adjusted period. 
                      • Big Lots Inc said revenue in the fourth quarter decreased 10.9% to $1.5 billion and the retailer swung to a net loss of $12.5 million from $49.8 million a year ago. Diluted loss per share was 43 cents compared to a profit of $1.63 in the previous year. 

                        Comparable sales declined 13% adversely impacted by 130 basis points in furniture sales following product shortages resulting from the unexpected closure of United Furniture Industries, parent company of Lane. 

                        The company declared a quarterly dividend of 30 cents per share payable on March 31 to shareholders on record on March 17.