Streetbeat News

Revenues

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

SHCO

Soho House & Co reported a growth in total members to 255,252 in Q3, up from 248,071 in Q2.

Portfolio Pulse from Bill Haddad

November 10, 2023 | 12:33 pm

SHCO

Soho House & Co reported Q3 total revenues of $301M, slightly below the estimated $306.256M.

Portfolio Pulse from Bill Haddad

November 10, 2023 | 12:32 pm

BCRX

BioCryst Pharmaceuticals has released new real-world data showing reduced attack rates in patients with Hereditary Angioedema (HAE) with normal C1-inhibitor following long-term treatment with ORLADEYO (berotralstat).

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:04 pm