Streetbeat News

Revenues

COST

Costco Wholesale (NASDAQ:COST) is evaluated against competitors in the Food & Staples Retailing industry. Costco operates a membership-based retail model with a significant market share in the U.S. and internationally. Financial comparisons show Costco has a lower P/E ratio than the industry average, suggesting potential value. However, its P/B and P/S ratios are higher, indicating a premium on book value and sales. Costco's ROE is above the industry average, but its EBITDA and gross profit are below. The company's revenue growth outperforms the industry average, and it has a favorable debt-to-equity ratio compared to top peers.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 4:00 pm

SVV

Savers Value Village (SVV) shares dropped following a Q3 earnings miss and a reduction in FY23 revenue forecasts, falling short of expectations.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 3:43 pm

AENT

Alliance Entertainment Holdings reported its Q1 2024 earnings with an EPS of $(0.07), an improvement from $(0.16) year-over-year. However, revenue decreased to $226.775 million from $238.701 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 3:05 pm

EAT

Brinker International (NYSE:EAT), owner of Chili's Grill & Bar, reported a 5.8% increase in comparable sales year-over-year for Q1, with revenue of $1.012 billion. Chili's, known for its margaritas, would rank as the third-largest buyer of tequila if it were a country. The company's focus on 'core four' items, including margaritas, is part of its strategy to return to the basics of casual dining. Brinker projects FY2024 revenue of $4.27 to $4.35 billion and EPS of $3.35 to $3.65.

Portfolio Pulse from Chris Katje

November 10, 2023 | 2:23 pm

ITHUF

iAnthus Capital Holdings, Inc. (OTCQB:ITHUF) reported improved financial results for Q3 2023, with increased revenue and reduced net loss. Revenue rose to $42.9 million, gross profit was $17.4 million, and net loss decreased to $15.6 million. Adjusted EBITDA was positive at $4.9 million. Analyst Pablo Zuanic noted that iAnthus and other cannabis multi-state operators are benefiting from Maryland's recreational cannabis sales, which began in July and contributed to a total of $270 million in sales for the quarter. iAnthus' stock price rose 1.7778% to $0.0229 per share following the report.

Portfolio Pulse from Jelena Martinovic

November 10, 2023 | 2:19 pm

RGF

The Real Good Food Company (RGF) has updated its FY23 revenue forecast to be between $185M-$192M, which is lower than its previous expectation of at least $200M and slightly below the $191.17M estimate. Additionally, RGF introduced its FY24 revenue outlook, projecting at least $245M, which is marginally above the $243.32M estimate.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 2:10 pm

RGF

The Real Good Food Company anticipates Q4 net sales to be between $65M-$72M, compared to the $68.78M estimate, reflecting a year-over-year growth of 83%-102%. The company also projects Q4 adjusted EBITDA to be in the range of $4M-$6M.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 2:05 pm

TWOU

2U Inc. reported mixed Q3 financial results and reduced its 2023 revenue guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:42 pm

NFLX

VZ

WBD

Verizon Communications Inc plans to offer ad-supported versions of Netflix Inc and Warner Bros Discovery Inc's Max streaming services for about $10 a month combined, down from $17. The move is timed with the holiday season. Netflix and Warner Bros will share revenue with Verizon, though financial terms are undisclosed. Verizon's Q3 sales declined 2.6% YoY to $33.34 billion, slightly beating consensus. Netflix shares are trading higher by 0.46% at $437.13.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 12:47 pm

SHCO

Soho House & Co has projected its total revenues for FY23 to be between $1.31 billion and $1.16 billion, which is higher than the estimated $1.17 billion.

Portfolio Pulse from Bill Haddad

November 10, 2023 | 12:34 pm