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Revenues

CAVA

CMG

CAVA (NYSE:CAVA) is being compared to Chipotle (NYSE:CMG) in its early stages, with similar financial performance and unit economics. CAVA's 2022 results showed restaurant-level EBIT margins of ~16%, and ~20% for CAVA branded units, higher than Chipotle's ~15% in 2003. Management believes there is potential for over 1,000 locations nationwide over the next decade.

Portfolio Pulse from The Science Of Hitting

July 10, 2023 | 3:38 pm

AMZN

BAC

GPS

PTON

SONY

Amazon.com Inc is set for its annual Prime Day event, promising more deals than any past Prime Day. The event is expected to generate around $12 billion in Gross Merchandise Volume (GMV), accounting for 7.4% of GMV for the quarter. Noteworthy deals include discounts on Gap Inc clothing, Sony Group Corp headphones, and Peloton Interactive Inc Bike and Bike+. The event is expected to have a strong performance, possibly exceeding Bank of America Corp's 12% growth estimate compared to last year's Prime Day.

Portfolio Pulse from AJ Fabino

July 10, 2023 | 3:35 pm

CAVA

Shares of Cava Group Inc (NYSE:CAVA) rose by almost 10% during early trading on Monday, following its successful IPO last month. The company has high average unit volumes and a 44% revenue CAGR in the five years through 2022. Analyst Sharon Zackfia from William Blair initiated coverage of Cava Group with an Outperform rating, predicting that the company could triple its number of locations by 2023.

Portfolio Pulse from Priya Nigam

July 10, 2023 | 2:34 pm

BABA

BTGOF

GSK

HNHPF

IEP

JNJ

META

NVO

SIVBQ

UBS

Meta's Threads app has reached 100 million users in five days, making it the fastest-growing consumer application in history. Nanobiotix has entered a global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica, a unit of Johnson & Johnson, for the investigational radioenhancer NBTXR3. GSK's Arexvy vaccine for respiratory syncytial virus has been approved in the UK for older adults. BT Group's CEO Philip Jansen is stepping down within the next 12 months. Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Vedanta, impacting India's chipmaking plans. General Motors has reduced the starting price for the Cadillac Lyriq by 14% in China. SVB Financial Group is suing the U.S. Federal Deposit Insurance Corporation to recover $1.93 billion. Saudi National Bank's plan to increase its stake in UBS Group's Credit Suisse has been halted by Swiss regulator FINMA. Godrej Aerospace is planning to invest in General Electric's GE414 engine manufacturing operations. Carl Icahn has revised loan agreements and recovery strategy after a short-seller attack led to a 40% drop in Icahn Enterprises' shares. Novo Nordisk's weight-loss medications are under European investigation over suicidal risks. Alibaba's Youku is airing a series focusing on China's semiconductor leadership.

Portfolio Pulse from Vandana Singh

July 10, 2023 | 2:30 pm

IPAR

Inter Parfums Inc (NASDAQ:IPAR) has signed an exclusive worldwide fragrance license agreement with the Roberto Cavalli brand. The deal will be effective from July 6, 2023, and will see IPAR's subsidiary manage the Cavalli fragrance business. The company plans to modernize and elevate the fragrance portfolio, with brand extensions planned for 2024 and a new scent for women in 2025. In Q1 2023, IPAR reported revenues of $311.7 million and an EPS of $1.68.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 1:57 pm

ALPP

Alpine 4's subsidiary, Vayu Aerospace, has received its first $5.25 million purchase order from its $100 million supply agreement with All American Contracting, a U.S. government contractor. This has led to a rise in Alpine 4's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 1:30 pm

JUPW

Jupiter Wellness, Inc. (NASDAQ:JUPW) has acquired the assets of GBB Drink Lab Inc., including the Safety Shot beverage, a rapid alcohol detoxification product. The asset is valued at $53 million. The global hangover cure products market is expected to reach $4.67 billion by 2028. The Safety Shot business segment is forecasted to produce approximately $25 million in revenues and $4 million in net income by Q1 2024 for Jupiter Wellness.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:59 pm

ALPP

MOB

NBTX

Mobilicom has secured a commercial scale purchase order from a U.S. Tier-1 Manufacturer for initial production of drones for the U.S. DOD. Nanobiotix has announced a license agreement for worldwide co-development and commercialization of potential first-in-class radioenhancer NBTXR3. Alpine 4 Holdings subsidiary, Vayu Aerospace Corporation, has received its first $5.25M purchase order from its $100M supply agreement with U.S Government Contractor, All American Contracting Solutions.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 12:50 pm

AIRI

Air Industries (AMEX:AIRI) reported a 3.63% increase in Q1 sales, up from $12.06 million to $12.50 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 12:36 pm

EFSH

1847 Holdings LLC (NYSE:EFSH) has provided preliminary revenue guidance for Q2 2023, projecting revenues of approximately $20 million, a 54% YoY increase. The company also reaffirmed its 2023 revenue guidance to exceed $90 million.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:34 pm