Streetbeat News

Revenues

EWG

The Germany GfK Consumer Climate for March was reported at -29.0, aligning with the estimated figure and showing a slight improvement from the revised prior value of -29.6. This indicates a marginal but positive shift in consumer sentiment in Germany.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:00 am

CAVA

CAVA Group projects a positive fiscal 2024 outlook with adjusted EBITDA expected to be between $86M-$92M. The company anticipates 3%-5% same restaurant sales growth, 22.7%-23.3% restaurant-level profit margin, and plans to open 48 to 52 new restaurants. Pre-opening costs are estimated to be $11.5M-$12.5M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:33 am

PAC

Grupo Aeroportuario del (NYSE:PAC) reported Q4 earnings of $2.29 per share, missing the $2.44 estimate, but sales of $520.62M exceeded the $454.94M estimate, marking a 27.73% increase over the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:22 am

KO

Coca-Cola Company (NYSE:KO) is intensifying its focus on India by sending a 220-member leadership team led by CEO James Quincey. The team aims to engage with government officials and bottling partners, crucial for Coca-Cola's operations and growth in India. The company's efforts include meeting the growing demand and expanding into the domestic alcohol market with Lemon-Dou. Additionally, Coca-Cola's subsidiary, HCCB, is optimizing its supply chain in northern India for better efficiency.

Portfolio Pulse from Shomik Sen Bhattacharjee

February 27, 2024 | 5:43 am

HYMTF

KIMTF

Kia Corporation (OTC:KIMTF) has announced a significant price reduction for its EV models in South Korea, including the EV6, EV9, and Niro EV, by up to $10,000. This move is part of the 'EV Festa' initiative, aimed at increasing EV production and sales in response to new government subsidies and to stay competitive against rivals like Tesla and BYD. The price cuts are also in alignment with South Korea's new EV policy to support local automakers.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 5:35 am

ASUR

Asure Software projects its FY24 revenue to be between $125.0M and $129.0M, surpassing the estimated $121.717M.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:16 pm

ASUR

Asure Software projects its Q1 2024 revenue to be between $30.0M and $32.0M, which is below the estimated $32.569M.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:15 pm

RLJ

RLJ Lodging Trust forecasts its FY24 Adjusted FFO per share to be between $1.55 and $1.75, aligning with an estimated $1.67. The company anticipates a 2.5%-5.5% growth in Comparable RevPAR. However, Q1 2024 is expected to see lower RevPAR growth due to the timing of Easter and challenging comparisons to the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:11 pm

ASR

ASUR, a company listed as ASR, reported its Q4 23 revenue amounting to Ps.6,876,941, showcasing its financial performance for the quarter.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:52 pm

IIPR

Innovative Ind Props (IIPR) reported Q4 2023 FFO of $2.28 per share, surpassing the $2.21 estimate, and sales of $79.16M, exceeding the $76.50M estimate. This represents a 7.55% increase in earnings and a 12.34% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:51 pm