Streetbeat News

Earnings

MOV

Movado has reduced its FY24 EPS outlook from $2.70-$2.90 to $2.15-$2.25, which is below the estimated $2.80.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:51 am

BURL

Burlington Stores has provided its Q3 2023 outlook, expecting total sales to increase by 13% to 15%, adjusted EBIT margin to increase by 130 to 180 basis points, an effective tax rate of approximately 26%, and adjusted EPS in the range of $0.86 to $1.01. This includes $0.11 per share of expected incremental expenses associated with the recently acquired Bed Bath & Beyond leases.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:50 am

MOV

Movado has reduced its FY24 net sales outlook from $725M-$750M to $690M-$700M, against an estimated $737.9M.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:50 am

BURL

Burlington Stores has revised its FY2023 adjusted EPS guidance from $5.50-6.00 to $5.60-5.90, compared to the estimated $5.88. The company expects total sales to increase by 11% to 12%, capital expenditures to be around $560 million, and to open 70-80 new stores. Adjusted EBIT margin is expected to increase 60 to 80 basis points, with net interest expense around $60 million. The effective tax rate is projected at 26%, and adjusted EPS is expected to be in the range of $5.37 to $5.67.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:49 am

MOV

Movado Group Inc. expects a challenging environment for consumer discretionary products to continue into the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:47 am

BBW

Build-A-Bear Workshop's Q2 retail gross margin has increased to 53.9% from 49.5% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:47 am

MOV

Movado Group (NYSE:MOV) reported Q2 adjusted earnings of $0.38 per share, beating the analyst consensus estimate of $0.34 by 11.76%. However, this is a 64.49% decrease from the same period last year. The company's quarterly sales were $160.40 million, missing the analyst consensus estimate of $165.00 million by 2.79%, and marking a 12.26% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:46 am

BURL

Burlington Stores reported a Q2 comparable store sales growth of 4%, which was at the high end of their guidance range. The company's margin and earnings performance also exceeded their guidance. CEO Michael O'Sullivan attributed the strong performance to their strategies to deliver great value to customers and the availability of off-price merchandise.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:46 am

BURL

Burlington Stores (NYSE:BURL) reported Q2 earnings of $0.60 per share, beating the analyst consensus estimate of $0.43 by 39.53%. This is a 71.43% increase from the same period last year. The company also reported quarterly sales of $2.17 billion, beating the analyst consensus estimate by 0.18%, a 9.36% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:45 am

BBW

Build-A-Bear Workshop (NYSE:BBW) reported Q2 earnings of $0.57 per share, beating the analyst consensus estimate of $0.41 by 39.02%. This is a 50% increase from the same period last year. The company also reported quarterly sales of $109.22 million, beating the analyst consensus estimate of $101.88 million by 7.21%, a 8.48% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:45 am