Search

Vail Resorts, Inc decreased 3.9% to $233.31 after the ski resorts operator said revenue in the fiscal fourth quarter ending in July  increased to $269.8 million from $267.1 million a year ago. 

Net loss in the quarter expanded to $128.5 million from $108.7 million and diluted loss per share deepened to $3.35 from $2.70 a year ago. 

The company forecasted net fiscal year 2024 net income between $316 million and $394 million and the company declared a quarterly cash dividend of $2.06 per share payable on October 26 to shareholders on record October 10. 

  • 29 Sep, 2023

 

Blue Apron Holdings Inc soared 133% to $12.82 after the meal kit company agreed to be acquired by Wonder Group for $13 a share. 

At the end of regular trading hours, Blue Apron stock closed at $5.49 valuing the company at $50 million. 

  • 29 Sep, 2023

 

Nike Inc jumped 7.9% to $96.70 after the athletic shoes and sportswear maker reported mixed quarterly results and guided sales to rise in mid-single digit in the current fiscal year. 

Revenue in the fiscal first quarter ending in August increased 2% to $12.9 billion from $12.7 billion and net income edged down 1% to $1.45 billion from $1.47 billion from a year ago. 

Sales in North America declined 2% to $5.4 billion, rose 8% in Europe to $3.6 billion in Greater China jumped 5% to $1.7 billion and advanced 2% in Asia Pacific to $1.6 billion. 

Footwear sales increased 4% to $8.4 billion from $8.1billion and apparel sales declined 1% to $3.38 billion from $3.43 billion and equipment sales jumped 9% to $531 million from $486 million a year ago. 

Diluted earnings per share edged up 1% to 94 cents from 93 cents a year ago and the company declared a dividend of 34 cents per share compared to 30.5 cents a year ago. ,

In the fiscal first quarter, Nike returned shareholders $1.7 billion, including $524 million in dividends and stock repurchase of 10.5 million or $1.1 billion as a part of the company's $18 billion buyback plan. 

At the end of August, the company has repurchased a total of $5.9 billion of its own stock. 

  • 29 Sep, 2023

 

Concentrix Corp soared 10.1% to $81.41 despite the customer engagement services provider reported weaker-than-expected sales and earnings. 

Revenue in the fiscal third quarter ending in August increased 3.4% to $1.62 billion from $1.57 billon and net income dropped to $77.6 million from $106.7 million and diluted earnings per share dropped to $1.49 from $2.04 a year ago.    

The company paid a 27.5 cents per share quarterly dividend on August 8 and the Board of Directors declared a quarterly dividend of 30.25 per share payable on November 7 to shareholders of record at the close of business on October 27.

The company forecasted fiscal fourth quarter revenue between $2.19 billion and $2.215 billion and adjusted non-GAPP diluted earnings per share between $3.03 and $3.15.  

  • 28 Sep, 2023

 

CarMax Inc dropped 9.9% to $71.80 on the weakening demand for used vehicles and the used-car dealer reported mixed quarterly results. 

Net revenue in the fiscal second quarter ending in August fell 13.1% to $7.1 billion and the company purchased 292,000  vehicles from customers and dealers, a 14.9% decline from a year ago.

Retail and wholesale vehicle sales declined 9% to 342,662 units from a year ago and online retail sales accounted for 14% of retail sales compared to 11% in the quarter a year ago. 

Total retail used vehicle sales declined 7.4% to 200,825 units and comparable unit sales declined 9% from a year ago. 

Total wholesale unit sales decreased 11.2% from a year ago to 141,837 units.  

Net income in the quarter declined to $118.6 million from $125.9 million and diluted earnings per share dropped to 75 cents from 79 cents a year ago. 

  • 28 Sep, 2023

 

Peloton Interactive Inc jumped 2.5% to $4.79 after the company signed a five-year strategic partnership with Lululemon. 

Peloton agreed to provide its content on Lululemon's exercise app, and Lululemon will become primary apparel provider. 

  • 28 Sep, 2023

 

GameStop Corp edged up 0.1% to $17.17 after the company appointed activist investor Ryan Cohen as the company's chief executive effective immediately. 

The company fired its chief executive Matthew Furlong three months after the retailer continued to struggle with sales and its restructuring plan. 

  • 28 Sep, 2023

 

Micron Technology Inc declined 4.5% to $65 after the advanced chipmaker reported smaller-than-expected loss in the fiscal fourth quarter from the previous quarter. 

Revenue in the quarter declined to $4.0 billion from $6.6 billion and the company swung to a net loss of $1.4 billion from a profit of $1.4 billion and diluted earnings per share was ($1.31) from $1.35 a year ago.

The company reported revenue in the third quarter of $3.75 billion and a net loss of $1.9 billion and diluted loss per share of  $1.73. 

However, investors were disappointed with the company's adjusted earnings per share outlook of $1.07 in the fiscal first quarter. 

Micron guided fiscal first quarter revenue of $4.4 billion with a band of $200 million and diluted earnings per share to range between ($1.24) and $0.07. 

  • 28 Sep, 2023

 

Costco Wholesale Corp decreased 1.7% to 543.49 after the membership warehouse retailer reported better-than-expected quarterly results. 

Net sales in  the fourth quarter ending in September increased 9.4% to $77.43 billion from $70.76 billion a year ago. 

Comparable companywide sales, adjusted for gasoline prices and foreign exchange, increased 3.8% and the U.S. sales rose 3.1% from a year ago. 

Net income in the quarter increased to $2.16 billion from $1.868 billion and diluted earnings per share rose to $4.86 from $4.20 a year earlier. 

  • 27 Sep, 2023

 

Target Corp edged slightly higher to $109.55 after the company said it plans to close nine stores in several states after repeated theft incidences, store violence and crime. 

The retail chain said it will shutter stores in New York City, Seattle, Portland and San Francisco-Oakland area. 

  • 27 Sep, 2023

 

Amazon.com Inc declined 2.5% to $127.96 after the online retailer and marketplace operator was sued by the Federal Trade Commission and attorney generals of 17 states accused company of "monopoly power" and charge higher prices for customers and unlawfully exclude rivals. 

  • 26 Sep, 2023

 

United Natural Foods Inc dropped 23% to $14.44 after the company reported weaker-than-expected sales in its latest quarter and forecasted additional weakness in sales and operating earnings in the current quarter. 

Revenue in the fiscal fourth quarter ending in July increased 2.0% to $7.4 billion but the company swung to a net loss of $68 million from a profit of $39 million and diluted earnings per share was ($1.15) compared to 63 cents a year ago. 

The company forecasted fiscal 2024 revenue between $30.9 billion and $31.5 billion and net loss between $110 and $36 million and diluted loss per share between 60 cents and $1.86. 

  • 26 Sep, 2023

 

Thor industries rose 1.% to $95.68 after the company reported revenue declined 28.4% in its latest quarter of $2.74 billion. 

Net income in the quarter declined to $90.3 million from $280.9 million and diluted earnings per share fell to $1.68 from $5.15 a year ago.  

The company also forecasted revenue to decline in the next fiscal year to between $10.5 billion and $11.0 billion from $11.2 billion in fiscal 2023. 

  • 26 Sep, 2023

 

HP Inc decreased .2% to $26.77 after Berkshire Hathaway sold 4.8 million shares held by the conglomerate for approximately for $130 million. 

  • 25 Sep, 2023

 

Amazon.com Inc inched higher 1.3% to $130.65 after the company said it plans to invest up to $4 billion in artifiical intelligence tools developer Anthropic, a rival to ChatGPT developer OpenAI. 

  • 25 Sep, 2023