Breaking News
Mar 1, 2023
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Abercrombie & Fitch Co said revenue in the fourth quarter increased 3% to $1.2 billion from $1.1 billion and net income declined to $38.3 million from $65.5 million and diluted earnings per share fell to 75 cents from $1.12 a year ago.
In full-year 2022, revenue was flat at $3.7 billion and net income dropped to $2.8 million from $263 million and diluted earnings per share plunged to 5 cents from $4.20 a year ago.
The apparel retailer guided net sales growth in the range of 1% to 3% from $3.7 billion in 2022 with the expectation that Abercrombie will continue to outperform Hollister and the U.S. sales will continue to outperform international sales. -
LL Flooring Holdings, Inc said revenue in the fourth quarter declined 7.5% to $263.9 million after comparable sales declined 9.5% from the previous year. The flooring products retailer swung to a net loss of $15 million from a profit of $10.3 million and diluted earnings per share was ($0.53) compared to 35 cents in the previous year.
Revenue in the full-year 2022 declined 3.6% to $1.1 billion and comparable store sales fell 5.8%. Net income declined to $41.7 million from $61.4 million and diluted earnings per share fell to $1.41 from $2.10 in the previous year. -
The ODP Corporation, parent of Office Depot, said sales in the fourth quarter increased 3% to $2.1 billion and the retailer swung to a net income of $17 million from a loss of $274 million and diluted earnings per share was 38 cents compared to a loss of $5.44 in the previous year.
Sales in the full-year 2022 was flat at $8.5 billion and the retailer swung to a profit of $166 million from a loss of $208 million and diluted earnings per share was $3.37 from {$3.79) a year ago.
The company announced a new stock repurchase program of $1 billion replacing the current $600 million plan. In 2022, the company repurchased 6.4 million shares for $266 million, which included the repurchase of over 4.5 million shares for approximately $197 million in the fourth quarter, -
Compass, Inc said revenue in the fourth quarter declined 31% to $1.1 billion after real estate transactions fell 25%. Net loss improved to $158 million from $175 million and diluted loss per share shrank to 36 cents from 43 cents in the previous year.
Revenue in 2022 declined 6% to $6 billion following a decline in transactions by the same amount. Net loss in the year expanded to $601.5 million from $494.1 million and diluted loss per share fell to $1.40 from $1.51 a year ago. -
Eventbrite, Inc said fourth quarter revenue increased 20% to $71.5 million and the event and ticketing platform operator swung to a net income of $4.0 million from a loss of $16.8 million in the previous year.
In the fourth quarter, about 389,000 event planners created 1.5 million events and sold 77 million event tickets on the platform. Net revenue per paid ticket improved to $2.85 from $2.70 and paid ticket volume was 25.1 million on 14% increase in paid events from the previous year. In the full-year 2022, a total of $3.3 billion of gross ticket sales and 284 million paid and free tickets were transacted on the platform.
Net revenue in the full-year 2022 increased 39% to $260.9 million and net loss shrank to $55.4 million from $137.6 million and diluted loss per share fell to 56 cents from $1.47 in the previous year.
The company forecasted first quarter 2023 revenue in the range of $73 million to $76 million, and full year 2023 revenue between $312 million to $330 million.
The company said it plans to eliminate 8% of roles (about 70 staff) immediately and over the next 10 months relocate 30% of roles to India and Spain as part of the company restructuring. -
GoodRx Holdings said revenue in the fourth quarter declined to $184 million from $213 million and net loss shrank to $1.9 million from $39.9 million and diluted earnings per share was breakeven compared to a loss of 10 cents from a year ago.
In 2022, revenue increased to $766.5 million from $745.4 million and net loss rose to $32.8 million from $25.2 million and diluted loss per share rose to 8 cents from 6 cents in the previous year.
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Target Corporation said revenue in the fourth quarter increased 1.2% to $30.9 billion but net income plunged 43% to $876 million and diluted earnings per share dropped to $1.89 from $3.21 a year ago.
In full-year 2022, revenue increased 2.8% to $107.6 billion and net income plunged 60% to $2.8 billion from $6.9 billion and diluted earnings per share dropped to $5.98 from $14.10 a year ago.
Comparable sales in the quarter increased 0.7% on top of 8.9% and advanced 2.2% on top of 12.7% in 2021. Comparable traffic in 2022 increased 2.1% on top of 12.3% in the previous year. -
Norwegian Cruise Line Holdings said revenue in the fourth quarter increased to $1.5 billion from $487.4 million and net loss shrank to $484 million from $1.5 billion and diluted loss per share fell to $1.14 from $4.01 in the previous year.
Total revenue per passenger day increased 23% on a reported basis and rose 24% in constant currency from the comparable period in 2019.
In full-year 2022, revenue increased to $4.8 billion from $647 million and net loss fell to $2.2 billion from $4.5 billion and diluted loss per share decreased to $5.41 from $12.33 a year ago.
"Full year 2023 cumulative booked position is ahead of 2019 levels inclusive of the Company’s approximately 19% increase in capacity, at continued higher pricing," said the company in its earnings statement. -
Advance Auto Parts said revenue in the fourth quarter increased 3.2% to $2.5 billion and comparable store sales rose 2.1%. Net income in the quarter decreased to $106.7 million from $81.7 million and diluted earnings per share rose to $1.79 from $1.30 a year ago.
Full- year 2022 revenue increased 1.4% to $11.2 billion and comparable sales rose 0.3% from a year ago. Net income decreased to $501.8 million from $616.1 million and diluted earnings per share declined to $8.27 from $9.55 a year ago. -
AutoZone, Inc said revenue in the fiscal second quarter ending on February 11 increased 9.5% to $3.7 billion from $3.4 billion and net income rose to $476.5 million from $471.7 million and diluted earnings per share increased to $24.64 from $22.30 a year ago.
Domestic same store comparable sales rose 5.3% from the previous year.
The aftermarket automotive parts retailer repurchased 372,000 shares of its common stock for $906.0 million during the second quarter, at an average price of $2,434 per share and $1.8 billion were still remaining under its current share repurchase authorization at the end of the fiscal second quarter.
Feb 28, 2023