Streetbeat News

Revenues

MNSO

MINISO's new store in Times Square, New York, has broken the company's sales records for both first-day and first-month sales. The store recorded over 60,000 consumer visits in its inaugural month, approximately eight times higher than the average sales of the other nearly 80 stores in the United States. The success of the store reflects a significant growth of MINISO's profitability in the US market. The company attributes the remarkable sales performance to the popularity of its diverse range of products, including IP licensed products and original designs. MINISO plans to expand its presence to over 100 locations across the US by the end of 2023.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 1:12 pm

SPY

According to Redbook, US retail sales for the first three weeks of July were down 0.3% compared to the same period last year. Additionally, retail sales for the week ending July 22 were down 0.4% compared to the same week last year.

Portfolio Pulse from Charles Gross

July 25, 2023 | 12:58 pm

UNIT

Uniti Group Inc. (NASDAQ:UNIT) has signed a long-term contract with a global internet provider to offer long-haul dark fiber connectivity across two key U.S. routes. The deal, worth approximately $35 million, will connect 12 cities across the Midwest and the Southeast, and includes over 7,000 fiber strand miles. Uniti will also add a new presence in a Detroit data center and establish a new Point of Presence in Cleveland.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 12:12 pm

LVLU

Lulu's has announced preliminary Q2 net revenue of $104.5M-$106M, which is lower than the estimated $116.58M.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 12:11 pm

BWMN

Bowman has been awarded a $1.4 million contract by J. Ranck Electric to provide engineering services on a 200 MW solar array.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 12:08 pm

KNSA

Kiniksa Pharmaceuticals has revised its revenue forecast for Arcalyst, expecting to generate $220M-$230M, up from the previous guidance of $200M-$215M. The company also reported cash and cash equivalents of $185M, which is expected to provide a cash runway into 2027.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:35 am

NVDA

Analyst Vijay Rakesh of Mizuho predicts that Nvidia Corporation's (NASDAQ:NVDA) artificial intelligence (A.I.) revenues could increase tenfold to reach $300 billion by 2027. This projection is based on Nvidia's strong position in the A.I. market and the accelerating demand for generative A.I.

Portfolio Pulse from Benzinga Neuro

July 25, 2023 | 11:27 am

LTH

Life Time Group Holdings has projected its Q3 revenues to be between $585 million and $595 million, which is below the consensus estimate of $601.75 million. For FY23, the company anticipates revenues between $2.235 billion and $2.265 billion, roughly in line with the consensus estimate of $2.24 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:01 am

XRX

Xerox Holdings has reiterated its FY23 revenue guidance of $7.10 billion, which is above the consensus estimate of $6.98 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:35 am

ALK

Alaska Air Group has projected its FY23 capacity growth to be between 11% and 13%, with revenue growth expected to be between 8% and 10%. The company also anticipates a 1% to 3% decrease in CASMex. The estimated EPS is between $5.50 and $7.50, which is lower than the $6.6 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:15 am