Breaking News
Mar 17, 2023
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FedEx Corp said revenue in the fiscal third quarter ending in February declined to $22.2 billion from $23.6 billion and net income fell to $771 million from $1.1 billion and diluted earnings per share dropped to $3.05 from $4.20 a year ago.
The parcel delivery company completed a repurchase of 9.2 million shares in the fiscal third quarter.
The company lifted its fiscal year 2023 diluted earnings per share forecast in the range of $13.80 to $14.40 before the mark-to-market retirement plans accounting adjustments, compared to the prior forecast of $12.50 to $13.50 a share.
The company estimated fiscal year capital spending of $5.9 billion. -
The Children's Place Inc said revenue in the fourth quarter ending in January declined 10.2% to $456.1 million from $507.8 million a year ago. The retailer swung to a loss of $50.5 million from a profit of $39.0 million and diluted earnings per share was ($4.10) from $2.68 a year ago.
In the full-year 2022 revenue dropped 10.8% to $1.71 billion compared to $1.92 billion in the previous year. Net loss in the year was $1.1 million compared to a profit of $187.2 million and diluted earnings per share was ($0.09) compared to $12.59 in the previous year.
The retailer ended the quarter with 613 stores and square footage of 2.9 million, a decrease of 8.3% compared to the prior year. The company permanently closed 59 stores in fiscal 2022 and permanently closed 586 stores, since the announcement of its optimization plan in 2013 -
Signet Jewelers Ltd said revenue in the fourth quarter ending in January declined 5.2% to $2.66 billion from $2.81 billion and net income fell to $268.7 million from $305.7 million and diluted earnings per share increased to $5.02 from $4.91 in the previous year.
Same store sales declined 9.15% from the previous year but rose 16.4% from the comparable period in fiscal year 2020.
Total sales in the fiscal year 2023 decreased 0.2% to $7.8 billion and net income dropped to 342.2 million from 735.4 million and diluted earnings per share fell to $6.64 from $12.22 a year ago.
Same store sales in the year fell 6.1% from the previous year but rose 18.1% from the fiscal year 2020. -
Adobe Inc said revenue in the fiscal first quarter ended on March 3 increased 9% to $4.7 billion from $4.2 billion and net income edged slightly lower to $1.24 billion from $1.26 billion and diluted earnings per share rose to $2.71 from $2.66 a year ago.
The software company guided fiscal second quarter revenue in the range between $4.75 billion and $4.78 billion and GAAP earnings per share between $2.65 and $2.70.
For the fiscal year 2023, the company estimated GAAP earnings per share between $10.85 and $11.15 and digital media net new average revenue rate of $1.70 billion. -
Dollar General Corp said same store sales in the fourth quarter increased 5.7% and in the full-year 2022 rose 4.3%.
Revenue in the fourth quarter ending on February 3 increased to $10.2 billion from $8.6 billion and net income rose to $659.1 million from $597.4 million and diluted earnings per share advanced to $2.96 from $2.57 a year ago.
In the fiscal year 2022, revenue increased to $37.8 billion from $34.2 billion and net income expanded to $2.42 billion from $2.39 billion and diluted earnings per share advanced to $10.68 from $10.17 a year ago. -
Five Below Inc said net sales in the fourth quarter ending on January 28, 2023 increased 12.7% to $1.1 billion from $996.3 million, driven by 1.9% rise in comparable sales. Net income in the quarter increased to $171.3 million compared to $140.2 million and diluted earnings per share rose to $3.07 compared to $2.49 a year ago.
In the fiscal year 2022, net sales increased 8% to $3.07 billion from $2.85 billion and comparable sales decreased 2.0% from the previous year. Net income decreased to $261.5 million from $278.8 million and diluted earnings per share fell to $4.69 from $4.95 in the previous year.
For the first quarter of 2023, the retailer forecasted net sales in the range of $723 million to $735 million, reflecting 25 new stores and assuming an approximate 2.5% to 4% increase in comparable sales. Net income is expected to be in the range of $33 million to $37 million and diluted income per common share is expected to be in the range of 59 cents to 65 cents.
In 2023, the company said it plans to open a record 200 new stores and convert 400 stores to the new Five Beyond format. -
Producer Price Index, a measure of wholesale inflation, seasonally adjusted declined 0.1% in February from the previous month, the U.S. Bureau of Labor Statistics said Wednesday.
The core wholesale inflation, less foods, energy, and trade services, increased 0.2% in February after rising 0.5% in January.
On an unadjusted basis, wholesale inflation rose 4.6% and core wholesale inflation increased 4.4% from a year ago. -
Lennar Corp said revenue in the fiscal first quarter ending in February increased 5% to $6.4 billion from $6.2 billion and net income rose 18% to $596.5 million from $503.6 million a year ago. Diluted earnings per share increased to $2.06 from $1.69 a year ago.
Home deliveries in the quarter increased 9% to 13,659 homes but new orders decreased 10% to 14,194 homes and new orders value decreased 18% to $6.4 billion. Order backlog decreased 29% to 19,403 homes and backlog value plunged 33% to $9.0 billion. -
Cvent Holding Corp said revenue in the fourth quarter increased to $107.8 million from $93.7 million and net loss shrank to $19.1 million from $22 billion and diluted loss per share fell to 4 cents from 5 cents a year ago.
Revenue in the full-year 2022 increased to $630.6 million from $518.8 million and net loss increased to $100.2 million from $86.0 million and diluted loss per share rose to 21cents from 20 cents a year ago. -
Emerald Holding, Inc said revenue in the fourth quarter increased 127.7% to $93.6 million from $41.1 million and the event management company swung to a profit of $22.4 million from a loss of $8.9 million and diluted earnings per share was 6 cents compared to ($0.26) a year ago.
Fourth quarter 2022 organic revenue, which excludes recent acquisitions of Advertising Week and MJBiz, increased 27.2% from the previous year to $52.9 million, reflecting a $10.4 million increase in revenues from events that traded in both periods, $1.9 million from newly launched events and $1.4 million from increased subscription software revenues partially offset by softness in other marketing services.
Revenue in the full-year 2022 increased 124% to $32.59 million from $145.5 million and the company swung to a profit of $130.8 million from a loss of $79.7 million and diluted earnings per share was 46 cents from ($1.42) a year ago.
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