Streetbeat News

Revenues

NKE

Nike Inc's shares are trading lower after Dick's Sporting Goods, a major customer of Nike, lowered its guidance. This could potentially lead to lower orders from Nike, affecting its revenue and earnings. Dick's Q2 sales grew 3.6% Y/Y to $3.22 billion, missing the analyst consensus of $3.23 billion. Nike has a 52-week high of $131.31 and a 52-week low of $82.22.

Portfolio Pulse from Henry Khederian

August 22, 2023 | 1:37 pm

BSFC

Blue Star Foods (NASDAQ:BSFC) reported a 68.07% decrease in sales this quarter, with sales of $1.70 million compared to $5.32 million in the same period last year.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:34 pm

KR

LLY

PFE

RAD

WMT

Retailers with pharmacy businesses, including Walmart, Kroger, and Rite Aid, are seeing a boost in sales due to increased demand for prescription weight loss drugs. However, the profitability of these treatments is minimal for retail pharmacies. The weight loss drug market could reach $200 billion by 2030, attracting interest from drugmakers like Eli Lilly and Pfizer. The increased sales of these drugs may lead to additional purchases in various categories, offsetting the margin challenges in the pharmacy division.

Portfolio Pulse from Vandana Singh

August 22, 2023 | 1:21 pm

BYDDF

TSLA

Tesla and Chinese automakers, including BYD, are projected to miss their 2023 sales growth targets by at least 50%, according to industry sources in China.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:15 pm

CSIQ

Canadian Solar has revised its FY23 total revenue outlook downwards from $9B-$9.5B to $8.5B-$9.0B, against a consensus of $9.27B.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 12:48 pm

AENT

Alliance Entertainment Holding Corporation (NASDAQ:AENT) announced that it has shipped over 2 million units representing $32 million in K-POP sales during the twelve months ending July 31, 2023, a 55% increase over the previous year. The company expects this exponential sales growth to continue with several major K-POP acts scheduled to be released throughout the balance of 2023. K-POP is driving enormous consumer demand and sales growth in physical music media, particularly in the Compact Disc market.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:43 pm

COTY

Coty has successfully implemented pricing through fiscal 2023, with no elasticity impact observed among retailers and consumers, according to a company executive during a conference call.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:36 pm

SCSC

ScanSource has projected a revenue growth of at least 3% YoY for FY24, with an adjusted EBITDA of at least $180M and free cash flow of at least $150M.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 12:35 pm

M

Macy's executives are expecting a strong holiday season for toy sales, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 12:13 pm

WKSP

Worksport (NASDAQ:WKSP) has announced the successful dispatch of its first shipment of hard-folding tonneau covers from its U.S. facility. This follows the company's initiation of manufacturing earlier this month and coincides with recent large orders, including a $700,000 order for soft folding covers and a $1.6 million order for hard-folding covers. The company is also focusing on its SOLIS Solar Cover and the COR Battery System, which are nearing market entry.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:10 pm