Streetbeat News

Revenues

CAVA

Cava Group has increased its FY24 adjusted EBITDA guidance from $100M-$105M to $105M-$114M and raised its same restaurant sales growth forecast from 4.5%-6.5% to 8.5%-9.5%.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:19 pm

CMCSA

Comcast is planning to expand its Xfinity network in Tulare County, California. This expansion is part of Comcast's ongoing efforts to enhance its service offerings and reach more customers.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:17 pm

CAVA

Cava Group reported Q2 2024 earnings per share of $0.17, surpassing the analyst estimate of $0.12 by 41.67%. The company's sales reached $233.495 million, exceeding the expected $218.215 million and marking a 35.05% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:14 pm

RRGB

Red Robin projects its fiscal year 2024 revenue to be $1.25 billion, slightly below the estimated $1.253 billion. The company expects adjusted EBITDA to range between $40 million and $45 million, with capital expenditures between $25 million and $30 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:13 pm

AMSWA

American Software has projected its fiscal year 2025 revenue to be between $104 million and $108 million, slightly below the analyst estimate of $104.8 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:12 pm

BILL

BILL Holdings has revised its fiscal year 2025 adjusted earnings per share guidance to $1.36-$1.61, significantly below the previous estimate of $2.06. However, the company has increased its revenue forecast to $1.415 billion-$1.450 billion, surpassing the earlier estimate of $1.275 billion.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:12 pm

BILL

BILL Holdings has released its Q1 financial guidance, projecting adjusted EPS between $0.48 and $0.51, surpassing the estimated $0.46. The company also anticipates revenue between $346 million and $351 million, exceeding the estimated $325.83 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:12 pm

ROST

Ross Stores has raised its FY24 EPS outlook to $6.00 - $6.13, up from $5.79 - $5.98, despite maintaining a cautious sales forecast due to high costs affecting customers' discretionary spending and challenging sales comparisons.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:10 pm

WDAY

Workday has updated its financial guidance for fiscal year 2025, projecting subscription revenue between $7.7 billion and $7.725 billion, a 17% growth. For Q3 2024, subscription revenue is expected to be $1.955 billion, a 16% increase. The non-GAAP operating margin is projected at 25.25%.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:06 pm

INTU

Intuit has provided guidance for Q1 and FY25, expecting Q1 EPS of $2.33-$2.38, below estimates, and revenue growth of 5-6%. FY25 EPS is projected at $19.16-$19.36, slightly above estimates, with revenue of $18.16B-$18.347B. The company anticipates growth across various segments, with restructuring charges impacting GAAP results.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:05 pm