Streetbeat News

Earnings

HRL

Hormel Foods Corporation (NYSE:HRL) revised its FY24 outlook due to production disruptions, causing its stock to drop. Despite beating EPS estimates, sales missed expectations, and the company faces challenges in its Retail and International segments. Hormel anticipates continued growth in its Foodservice segment and improvements in its supply chain.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 11:25 am

CURV

Torrid Holdings has provided its financial outlook for fiscal year 2024, projecting net sales between $1.135 billion and $1.145 billion, slightly below the $1.15 billion estimate. The company also forecasts adjusted EBITDA between $110 million and $116 million. Torrid plans to invest $20 million to $25 million in capital expenditures, focusing on infrastructure, technology, and new store openings.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 11:11 am

CURV

Torrid Holdings has revised its Q3 fiscal 2024 guidance, projecting net sales between $280M-$285M, below the $290.63M estimate, and adjusted EBITDA between $23M-$26M.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 11:08 am

VFC

VF Corp announced that excluding the impact from its Supreme brand, there are no changes to its expectations for the second quarter of fiscal year 2025, as previously stated during its Q1 FY25 earnings call on August 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:05 am

DKS

DICK'S Sporting Goods reported a 4.5% increase in comparable sales for Q2 2024, indicating strong performance and potential positive investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:05 am

CURV

Torrid Holdings reported Q2 earnings per share of $0.08, beating estimates of $0.06, but sales of $284.64 million slightly missed the $285.37 million estimate. This represents a 33.33% increase in EPS and a 1.56% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:04 am

DKS

DICK'S Sporting Goods has raised its full-year 2024 EPS guidance to a range of $13.55 to $13.90, up from the previous range of $13.35 to $13.75, and above the consensus estimate of $13.79.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:04 am

REVG

REV Group has revised its fiscal year 2024 net sales outlook downward to a range of $2.35 billion to $2.45 billion, compared to the previous range of $2.40 billion to $2.50 billion. This adjustment is slightly below the estimated $2.44 billion.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:04 am

REVG

REV Group reported Q3 2024 earnings per share of $0.48, surpassing the expected $0.42, but sales of $579.4 million fell short of the $618.69 million estimate, marking a 14.79% decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:02 am

DKS

Dick's Sporting Goods reported its Q2 2024 financial results, with adjusted EPS of $4.37, surpassing the estimated $3.83. Sales also exceeded expectations, reaching $3.474 billion compared to the forecasted $3.437 billion.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:02 am