Streetbeat News

Revenues

SG

TD Cowen analyst Andrew Charles upgraded Sweetgreen Inc (NYSE:SG) from Hold to Buy, raising the price target from $31 to $43. The upgrade is based on Sweetgreen's technological innovations, particularly the Infinite Kitchen's robotic equipment, which is expected to significantly boost margins and EBITDA by 2030. The analyst also highlighted strong same-store sales and various sales drivers, including new product launches and marketing efforts.

Portfolio Pulse from Anusuya Lahiri

September 04, 2024 | 8:58 pm

XPO

XPO shares declined following the company's report of a year-over-year decrease in August LTL tonnage per day operating metrics.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:52 pm

LAKE

Lakeland Industries projects its FY 2025 revenue to be between $160M and $170M, compared to the estimated $165.65M. The company also forecasts an adjusted EBITDA, excluding foreign exchange impacts, of $18M to $21.5M.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:48 pm

LAKE

Lakeland Industries reaffirms its FY25 revenue guidance of $160M-$170M, including recent acquisitions. The company expects adjusted EBITDA of $18M-$21.5M, excluding FX impacts. Lakeland is optimistic about growth in the fire and industrial sectors, driven by acquisitions and sales strategy improvements.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:48 pm

XPO

XPO reported a 4.6% year-over-year decrease in LTL tonnage per day for August, due to a 4.5% drop in shipments per day and a 0.1% decrease in weight per shipment. Despite the decline, XPO managed costs effectively, supporting their margin expansion outlook.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:48 pm

CHPT

ChargePoint Holdings Inc (NYSE:CHPT) reported Q2 earnings with revenue missing estimates and EPS in line. The company announced a 15% workforce reduction and expects Q3 revenue between $85M-$95M. Shares fell 8.28% in after-hours trading.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 8:47 pm

ODFL

Old Dominion Freight Line reported a 5.2% decrease in August 2024 revenue per day, driven by a 6.1% decline in LTL tons per day. However, LTL revenue per hundredweight increased by 3.0%, excluding fuel surcharges, which rose by 4.9%. CEO Marty Freeman attributes these results to a soft domestic economy and lower fuel surcharges.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:41 pm

DHR

Danaher reaffirms its guidance for Q3 and full year 2024, expecting non-GAAP core revenue to decline in low-single digits year-over-year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:38 pm

PNST

Pinstripe Holdings anticipates its same-store sales growth to range from negative to low single digits to positive low single digits. Additionally, the company plans to open two new venues.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:38 pm

ZETA

Zeta Global has raised its Q3 revenue guidance from a midpoint of $239.2 million to at least $255 million, indicating strong business performance.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:37 pm