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MOV

Movado has reduced its FY24 net sales outlook from $725M-$750M to $690M-$700M, against an estimated $737.9M.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:50 am

BURL

Burlington Stores has revised its FY2023 adjusted EPS guidance from $5.50-6.00 to $5.60-5.90, compared to the estimated $5.88. The company expects total sales to increase by 11% to 12%, capital expenditures to be around $560 million, and to open 70-80 new stores. Adjusted EBIT margin is expected to increase 60 to 80 basis points, with net interest expense around $60 million. The effective tax rate is projected at 26%, and adjusted EPS is expected to be in the range of $5.37 to $5.67.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:49 am

MOV

Movado Group Inc. expects a challenging environment for consumer discretionary products to continue into the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:47 am

MOV

Movado Group (NYSE:MOV) reported Q2 adjusted earnings of $0.38 per share, beating the analyst consensus estimate of $0.34 by 11.76%. However, this is a 64.49% decrease from the same period last year. The company's quarterly sales were $160.40 million, missing the analyst consensus estimate of $165.00 million by 2.79%, and marking a 12.26% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:46 am

BURL

Burlington Stores reported a Q2 comparable store sales growth of 4%, which was at the high end of their guidance range. The company's margin and earnings performance also exceeded their guidance. CEO Michael O'Sullivan attributed the strong performance to their strategies to deliver great value to customers and the availability of off-price merchandise.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:46 am

NVDA

SPY

On August 23, US markets closed higher, driven by gains in technology, financial, and industrial sectors. Asian markets also closed higher, with notable gains in Japan, Australia, and China. European markets exhibited an upward trend, influenced by impressive earnings reported by Nvidia (NASDAQ:NVDA) and anticipation that weak economic data could lead central banks to halt rate hikes. US futures were mixed, with Dow futures down 0.20%, S&P 500 futures up 0.41%, and Nasdaq 100 futures up 1.03%.

Portfolio Pulse from Akanksha Bakshi

August 24, 2023 | 10:39 am

DLTR

Dollar Tree has projected its Q3 consolidated net sales to be between $7.3 billion and $7.5 billion, which aligns with the estimated $7.3 billion.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:34 am

EDAP

Edap TMS (NASDAQ:EDAP) reported Q2 losses of $(0.14) per share, missing the analyst consensus estimate of $(0.05) by 180 percent. This is a 333.33 percent decrease over earnings of $0.06 per share from the same period last year. The company also reported quarterly sales of $15.52 million, missing the analyst consensus estimate of $16.73 million by 7.22 percent, but a 3.69 percent increase over sales of $14.97 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:33 am

DLTR

Dollar Tree has reported a 6.9% increase in Q2 enterprise same-store sales, with Dollar Tree same-store sales specifically rising by 7.8%.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:33 am

VZIO

B of A Securities analyst Wamsi Mohan has downgraded VIZIO Holding (NYSE:VZIO) from Buy to Underperform and lowered the price target from $11 to $6.

Portfolio Pulse from richadhand@benzinga.com

August 24, 2023 | 10:30 am