Streetbeat News

Revenues

SMAR

Smartsheet expects Q2 total revenue of $228M-$231M, in line with the consensus estimate of $230.09M, and adjusted EPS of $0.07-$0.08, also in line with the consensus estimate of $0.07.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:11 pm

SPY

The June 2023 OECD Economic Outlook shows signs of global economic improvement, with global GDP growth expected to reach 2.7% in 2023 and 2.9% in 2024. Lower energy prices and China's early reopening have contributed to the growth, but core inflation and high debt levels remain concerns. The report includes revised growth projections for major economies, including the US, EU, China, UK, and Japan.

Portfolio Pulse from Piero Cingari

June 07, 2023 | 4:02 pm

WMT

Sam's Club CEO Kathryn McLay reported negligible change in renewal rates since raising membership fees and observed moderate food inflation in Q1, which fell 400 basis points from start to end of the quarter.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 1:48 pm

W

Wayfair has corrected its QTD gross revenue statement, now reporting a negative mid-single-digit percentage range YoY.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 1:46 pm

SPY

Treasury Secretary Yellen stated that the U.S. debt agreement will support the Federal Reserve's efforts to reduce inflation. She emphasized the need for revenue discussions and noted robust consumer spending growth, despite some areas of the economy slowing down.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:11 pm

JILL

J.Jill expects Q2 revenues to decline in mid-single-digits YoY, with adjusted EBITDA of $26M-$31M. For fiscal 2023, the company anticipates annual adjusted EBITDA dollars to be down mid-single digits compared to fiscal 2022, including a $2 million benefit from the 53rd week. Total capital expenditures are expected to be around $18 million, with a flat store count by the end of fiscal 2023.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 11:24 am

W

Wayfair reports QTD gross revenue is strengthening, now trending in the negative mid single digit percentage range YoY. The improvement is driven by total order growth turning positive YoY, offsetting lower average order values and deflation impact.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 11:12 am

ABBV

AbbVie has announced that its schizophrenia treatment drug, VRAYLAR, will be reimbursed under the Non-Insured Health Benefits (NIHB) Program. This will make the drug more accessible to patients in need.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 11:03 am

MA

V

Lawmakers are introducing new legislation aimed at curbing fees charged by Visa and Mastercard. The proposed bill could potentially impact the revenues of both companies.

Portfolio Pulse from Charles Gross

June 07, 2023 | 9:32 am

DASH

SBUX

Starbucks has partnered with CloudKitchens, a venture led by Uber founder Travis Kalanick, to drive sales beyond its traditional outlets. The company has experienced a 20% YoY increase in its delivery business and already has partnerships with Uber Eats and DoorDash.

Portfolio Pulse from Shanthi Rexaline

June 07, 2023 | 8:32 am