Streetbeat News

Revenues

WSM

Williams-Sonoma's Q2 comparable brand revenue has declined by 11.9%, with a 2-year comp of -0.6% and a 4-year comp of +39.7%.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:08 pm

WSM

Williams-Sonoma has revised its FY23 guidance, expecting a revenue decline of 5%-10% versus its prior guidance of -3% to +3%. The company also anticipates an operating margin of 15%-16%. Despite this, it still expects mid-to-high single-digit annual net revenue growth with an operating margin above 15% in the long term.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:07 pm

NFLX

Netflix Inc. has continued to add new users in the US despite its crackdown on password sharing, suggesting a strong quarter of growth at home, according to new research.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 1:03 pm

FL

SKX

Skechers USA Inc (NYSE:SKX) shares are trading lower by 4.53% due to a revenue miss and lowered guidance by Foot Locker Inc, a major distributor of Skechers' products. Foot Locker's performance may reflect the overall health of the athletic footwear retail market, potentially indicating weaker consumer demand. Foot Locker's stock is slumping more than 30% following its Q2 results and lowered 2023 sales and earnings guidance.

Portfolio Pulse from Henry Khederian

August 23, 2023 | 1:01 pm

RIVN

TSLA

Tesla Inc's revenue has seen a significant surge over the years, with a social media user highlighting the company's revenue milestones. The company's growth has been driven by its expanding lineup of electric vehicles, increasing demand for sustainable transportation, and advancements in autonomous driving technology. Tesla's stock has also seen a significant increase since its initial public offering in June 2010. The starting price of Tesla’s rival Rivian Automotive Inc‘s R1T pickup is currently $73,000.

Portfolio Pulse from Anan Ashraf

August 23, 2023 | 12:51 pm

ANF

Abercrombie & Fitch (ANF) has projected a 10% revenue growth for FY23 and expects its Q3 revenue to grow in low double-digits.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:35 am

PTON

Peloton reported mixed Q4 results and a decline in Connected Fitness subscribers, leading to a drop in its share price. The company also issued a lower than expected Q1 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:10 am

GRAB

Grab's Q2 Gross Merchandise Volume (GMV) has increased by 4% YoY to $5.24B, with Monthly Transacting Users (MTUs) also increasing by 7% YoY to 34.9M. The GMV for deliveries has also seen a 4% YoY increase to $2.57B.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:02 am

DY

Dycom Industries, Inc. (NYSE:DY) expects its Q3 organic contract revenues to be flat year over year. The company anticipates approximately $30 million of acquired contract revenues for the quarter ending October 28, 2023. Non-GAAP Adjusted EBITDA as a percentage of contract revenues is expected to increase 50 to 100 basis points compared to the quarter ended October 29, 2022.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:09 am

RERE

ATRenew reported that the number of consumer products transacted in Q2 was 7.7 million, a slight decrease from 7.8 million in the same quarter of the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:02 am