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    • Breaking News
    Mar 6, 2023
    • 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.  
                  • Burlington Stores said revenue in the fourth quarter increased 5% to $2.7 billion and comparable sales decreased 2%. Net income increased to $185 million from $122 million and diluted earnings per share rose to $2.83 from $1.80 a year ago. 

                    Revenue in the full-year 2022 decreased 7% to $8.7 billion from $9.3 billion and net income declined 44% to $230 million from $408.8 million and diluted earnings per share fell to $3.49 from $6.0 in the previous year. 

                    During the fourth quarter the company repurchased 275,029 shares of its common stock for $51 million and had $347 million remaining on its share repurchase program at the end of the period. 

                    The discount retailer guided total sales in the 53-week fiscal year to increase in the range of 12% to 14% including approximately 2% from the 53rd week, reversing a 7% decrease in the previous year. The retailer forecasted comparable store sales to increase in the range of 3% to 5%, on top of the 13% decrease in the previous year. 
                    • Xponential Fitness, Inc said revenue in the fourth quarter increased to $71.3 million from $49.3 million and net loss shrank to $0.25 million from $14.7 million and diluted loss per share shrank to $1.13 from $2.45 a year ago. 

                      The company said North America quarterly average unit volume increased to $522,000 from $446,000 in the previous year. 

                      In the full-year 2022, revenue increased to $229.8 million from $185.9 million and the franchisor of boutique fitness brands swung to a profit of $2.9 million from a loss of $51.4 million and diluted loss per share was 87 cents from $2.85 a year ago. 

                      The company sold 1,026 franchise licenses and opened 511 new studios in 2022. 
                      • Broadcom Inc said revenue in the fiscal year 2023 first quarter ended on January 29 increased 16% to $8.9 billion from $7.7 billion and net income increased 52% to $3.8 billion from $2.5 billion and diluted earnings per share rose to $8.80 from $5.50 in the previous year. 

                        The advanced chipmaker forecasted fiscal second quarter revenue of $8.7 billion and adjusted EBITDA of 65% of projected revenue. 

                        The company declared cash dividend of $4.60 a share payable on March 31 to shareholders on record on March 22.