General Mills (GIS) reported fiscal first-quarter earnings before the opening bell sounded this Wednesday morning. The results were a mixed bag with positives and negatives, spelling uncertainty for investors as to how to feel about the quarter. Inflation has been a challenge for many companies, General Mills included, over the past few quarters. However [...]
Shares of AutoZone (AZO) fell nearly 3.5% in premarket trading but have leveled out since the market opened this morning. The auto parts retailer posted fiscal fourth-quarter earnings that exceeded analyst expectations in every way but one: domestic revenue. The company reported an earnings beat of $46.46 per share compared to the consensus of [...]
Despite not being the center of the labor dispute in the automotive industry, all eyes are on Tesla (TSLA) right now. The company doesn’t have a union-based workforce - so while GM, Ford, and Chrysler face challenges in light of a strike, Tesla should be able to pull ahead in the EV race. However, [...]
By Leslie N. Masonson, MBA Lifeway Foods (LWAY) stock price has surged 91% since August 11 and 16.8% this past week on exploding volume. This highly-rated stock should be placed on investor watchlists for a possible continuation of its price momentum going forward. But be cautious in the recent 10-day downtrending market. Lifeway Foods, [...]
G-III Apparel Group (GIII) got a nice boost in Thursday morning’s trading session after the company’s earnings beat out the analyst consensus. This was coupled with the announcement of a landmark deal with Champion. G-III operates a myriad of fashion and apparel brands like DKNY, Karl Lagerfeld, and Wilsons Leather. The parent company did [...]
The airline industry as a whole is being hit right now with a drop in travel demand and rising costs. One of the major players, Southwest (LUV), is feeling these effects and issued a warning about how they will affect operating costs and profitability. The airline company said that it’s seen a drop in [...]
Lululemon (LULU) seems to be unphased by the broader economic climate, as the athleisure company delivered impressive earnings for the second quarter. While most brands struggle with sales as consumers are becoming more stringent with discretionary spending, the company reported an 11% sales growth. This led to revenue of $2.21 billion for the quarter, [...]
Best Buy (BBY) reported second-quarter earnings early this Tuesday morning that topped the analysis consensus. And yet, the key takeaway from the earnings call is that the electronics retailer is struggling beneath the surface. After the company strategically set low expectations for this quarter way back in May, the consensus remained low - setting [...]
While much of the sporting retail industry takes steps backward amidst this challenging economic climate, Hibbett Sporting (HIBB) reported second-quarter earnings that outperformed not just the analyst expectations, but industry rivals too. The company reported sales of $374.9 million, which was just shy of the consensus of $376 million. This was a 4.6% decline [...]
Foot Locker (FL) investors were in for a rude awakening this Wednesday morning as the company reported fiscal second-quarter earnings that featured another step backward on the full-year guidance. While the company’s earnings were right on target with what analysts were looking for (4 cents adjusted), revenue slid below the analyst consensus ($1.86 billion [...]
