Streetbeat News

Earnings

ZIM

ZIM Integrated Shipping (NYSE:ZIM) reported Q2 losses of $(1.79) per share, missing the analyst consensus estimate of $(0.88) by 103.41%. This is a 116.17% decrease from the same period last year. The company also reported quarterly sales of $1.31 billion, missing the analyst consensus estimate of $1.35 billion by 2.96%. This is a 61.80% decrease from the same period last year.

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August 16, 2023 | 11:08 am

PFGC

Performance Food Group (PFG) has provided its fiscal 2024 outlook, expecting net sales to be between $59 billion and $60 billion, slightly below the $59.96 billion estimate. For Q1 2024, the company expects net sales to be between $14.7 billion and $15 billion, also below the $15.22 billion estimate. PFG reiterated its 3-year net sales and Adjusted EBITDA targets, expecting to achieve annual net sales of $62 to $64 billion and Adjusted EBITDA between $1.5 and $1.7 billion in fiscal 2025.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:07 am

BFI

BurgerFi International (NASDAQ:BFI) reported Q2 losses of $(0.24) per share, missing the analyst consensus estimate of $(0.21) by 14.29%. The company also reported quarterly sales of $43.43 million, missing the estimate of $45.00 million by 3.50%. This represents a 91.18% increase in losses and a 4.13% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:04 am

PFGC

Performance Food Group Company (PFGC) reported a 2% increase in total case volume for Q4.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:04 am

EAT

Brinker International has provided its fiscal 2024 guidance, projecting total revenues between $4.27 billion and $4.35 billion, and adjusted EPS between $3.15 and $3.55. The company also expects weighted average shares to be in the range of 45 million to 46 million, and capital expenditures between $175 million and $195 million. The company notes that uncertainties due to current macroeconomic conditions could cause actual results to differ materially from projections.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 10:48 am

EAT

Brinker International (NYSE:EAT) reported Q4 earnings of $1.39 per share, beating the analyst consensus estimate of $1.32 by 5.3%. This is a 20.87% increase from the same period last year. However, the company's quarterly sales of $1.08 billion missed the analyst consensus estimate by 0.37%, though it's a 5.28% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 10:46 am

TGT

Target Corporation's shares are trading higher following the release of its Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 10:44 am

TGT

Target Corporation reported better-than-expected profitability for the second quarter despite softer-than-expected sales.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 10:35 am

TGT

Target has revised its Q3 and full-year guidance downwards. The company now expects Q3 GAAP and Adjusted EPS of $1.20 to $1.60, compared to the previous estimate of $1.84. Full-year GAAP and Adjusted EPS are now expected to be between $7.00 and $8.00, down from the prior range of $7.75 to $8.75. Target also expects a mid-single digit decline in comparable sales for the remainder of the year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 10:34 am

TGT

Target has lowered its FY2023 adjusted EPS guidance from $7.75-$8.75 to $7.00-$8.00, below the $7.79 estimate. The company expects comparable sales to decline in mid-single digits for the rest of the year due to recent sales trends.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 10:33 am