Streetbeat News

Earnings

USFD

US Foods has reaffirmed its fiscal 2024 guidance, projecting net sales between $37.5 billion and $38.5 billion, adjusted EBITDA between $1.69 billion and $1.74 billion, and adjusted EPS between $3.00 and $3.20. These figures are in line with or slightly above consensus estimates.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:53 am

CVRX

CVRx has reiterated its FY24 revenue outlook at $50.0M-$53.0M, compared to the $50.8M estimate, and expects a gross margin of 83.0%-85.0%.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:52 am

LE

Lands' End has provided its financial expectations for Q2 of fiscal 2024, forecasting net revenue between $290M and $320M, with an adjusted EPS ranging from $(0.14) to $(0.06). The company also expects a net loss between $8.5M and $6.0M, and adjusted EBITDA between $14.0M and $17.0M.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:51 am

USFD

US Foods has announced its long-range financial expectations for fiscal 2027, projecting net sales of $43 billion to $45 billion, adjusted EBITDA of $2.2 billion to $2.3 billion, and adjusted EPS of $5.20 to $5.70.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:50 am

LE

Lands' End (NASDAQ:LE) reported Q1 adjusted EPS of $(0.20), beating the $(0.26) estimate, and sales of $285.47M, surpassing the $269.82M estimate. Despite beating estimates, both EPS and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:47 am

DOYU

GXC

PGJ

DouYu International Holdings Limited (NASDAQ: DOYU) reported a significant decline in Q1 2024 revenue, missing analyst estimates. The company's livestreaming revenues fell sharply, while advertising and other revenues saw a substantial increase. The stock price declined following the results. Investors can gain exposure to DouYu through the Invesco Golden Dragon China ETF (NASDAQ: PGJ) and the SPDR S&P China ETF (NYSE: GXC).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 10:44 am

THCH

TH International (NASDAQ:THCH) reported a Q1 adjusted EPS of $(0.10), an improvement from $(0.12) YoY, with sales of $48.03M, a slight decrease from $48.99M YoY.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:42 am

HIBB

Hibbett reported a 5.8% year-over-year decrease in Q1 comparable sales and a 1.8% decline in net sales.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:39 am

HPE

Hewlett Packard Enterprise shares are trading higher following better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:38 am

THO

THOR Industries has lowered its FY24 EPS guidance from $5.00 - $5.50 to $4.50 - $4.75, which is below the estimated $5.19.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:38 am