Streetbeat News

Revenues

LEVI

Levi's Q2 operating income decreased by 87.0% to $9.9 million from $76.2 million in Q2 of 2022. The decrease is attributed to lower net revenues and lower gross profit. The operating margin was 0.7%, 450 basis points lower than Q2 of 2022 due to SG&A expense deleverage against lower net revenues, partially offset with higher gross margins.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:11 pm

KRUS

Kura Sushi has projected its FY23 revenue to be between $187M-$189M, which is in line with the estimated $187.2M.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:08 pm

INST

KeyBanc Capital Markets analyst Devin Au initiated coverage on Instructure Holdings, Inc. (NYSE:INST) with an Overweight rating and a price target of $32. The analyst sees growth opportunities in international and cross-sells, positioning Instructure as the leader in the education learning management system market. The company is expected to benefit from government funding passed during the pandemic to support education initiatives. The analyst expects FY23 revenues of $524.6 million, and FY24 revenues of $577.3 million.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 7:01 pm

BILL

Piper Sandler analyst Brent A. Bracelin has reiterated an Overweight rating on BILL Holdings, Inc. (NYSE:BILL), raising the price target to $165 from $110. The analyst expects BILL's revenue to increase sevenfold to more than $1 billion in 2023 from less than $160 million three years ago. The analyst also expects 4Q revenues to be $286.27 million, up 43% year over year. FY23 revenues are expected to jump 63.4% to $1.05 billion.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 6:56 pm

GLBE

SHOP

Piper Sandler analyst Brent A. Bracelin has reiterated an Overweight rating on Global-E Online Ltd. (GLBE) and raised the price target to $54 from $38. The analyst is bullish on Global-E's new product catalyst (enabling Shopify Markets Pro) that could accelerate growth in 2024 and 2025. Shopify Inc. (SHOP) owns a 13% stake in GLBE. Global-E is powering $1 billion gross merchandise volume (GMV) at Shopify, representing just 4% of the potential $28 billion cross-border GMV opportunity at Shopify. Every $1 billion of incremental Shopify cross-border GMV could add $160 million+ in total Global-E revenue.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 6:53 pm

MOD

Modine Manufacturing Company (NYSE:MOD) has acquired Napps Technology, a manufacturer of air- and water-cooled chillers, condensing units and heat pumps for the K-12 school market. The acquisition is expected to enhance Modine's offerings to the K-12 school market and generate $6 million - $8 million in revenue this year, with a forecast to double within two years. Modine plans to continue manufacturing in Longview, Texas, and Sam Neale, current president of Napps Technology, will join Modine.

Portfolio Pulse from Shivani Kumaresan

July 06, 2023 | 3:09 pm

MOD

Modine (NYSE:MOD) has acquired Napps Technology, a manufacturer of air- and water-cooled chillers, condensing units and heat pumps for the K-12 school market. The acquisition is part of Modine's growth strategy to expand its technology portfolio and improve indoor air quality in schools. Modine expects to generate between $6 million to $8 million in revenue this year from the acquisition and forecasts doubling that within two years.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:48 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP), a developer of autonomous security robots and blue light emergency communication systems, announced two new sales for a K5 Autonomous Security Robot (ASR) and two K1 Call Boxes. One of the largest churches in the US will deploy a K5 ASR to patrol its Arizona campus. A northern California county expanded its emergency communications services with two new K1 Call Boxes.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:41 pm

COTY

Coty Inc. has announced its ambition to double its skincare sales to over $500 million by FY26, according to a presentation cited by Reuters.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 12:51 pm

COTY

Coty Inc. projects its EPS growth to be in the mid-20s% CAGR for FY 23-26, and mid to high teens % CAGR for FY 26 and beyond. The company also expects its net revenues to be at the upper end of +6-8% LFL CAGR for FY23-26, and +6-8% LFL CAGR for FY26 and beyond.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 12:50 pm