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    • Breaking News
    Feb 28, 2023
    • Cracker Barrel Old Country Store, Inc said revenue in the fiscal second quarter ending on January 27 increased 8.3% to $933.9 million from a year ago. Comparable store restaurant sales increased 8.4% and retail store sales rose 4.1%. 

      Net income decreased 19% to $30.5 million from $37.6 million and diluted earnings per share fell to $1.37 from $1.60 in the previous year. The restaurant chain announced a quarterly dividend of $1.30 per share payable on May 9 to shareholders of record as of April 14.    
      • Itron Inc said revenue in the fourth quarter declined to $467.5 million from $485.6 million and measuring equipment maker for utilities swung to a net profit of $22.2 million from  a loss of $58.9 million in the previous year. Diluted earnings per share was 49 cents from a loss of $1.30 in the previous year. 

        Revenue in the full-year 2022 increased to $1.80 billion from $1.98 billion and net loss declined to $9.7 million from $81.7 million and diluted loss per share fell to 22 cents to from $1.83 a year ago. 
        • Feb 27, 2023
        • Zoom Video Communications said revenue in the fourth quarter increased 4% to $1.1 billion and the company swung to a net loss of $104.4 million from a profit of $490.5 million. The earnings per share was ($0.36) compared to $1.60 a year ago. 

          Revenue in the fiscal year ending in January increased 7.0% to $4.4 billion and net income dropped to $103.7 million from $1.4 billion and diluted earnings per share dropped to 34 cents from $4.50 a year ago. 
          • Occidental Petroleum said revenue in the fourth quarter increased to $8.2 billion from $4.2 billion and net income rose to $1.7 billion from $1.3 billion and diluted earnings per share rose to $1.74 from $1.37 a year ago. 

            In full-year 2022, revenue increased to $37 billion from $16.2 billion and net income surged to $12.5 billion from $1.5 billion and diluted earnings per share oared to $12.40 from $1.58 a year ago. 

            Average worldwide realized crude oil prices decreased by 12%  from the prior quarter to $83.64 per barrel and realized natural gas liquids  prices fell 25% from the prior quarter to $26.35 per barrel and average domestic  realized gas prices plunged 37% from the prior quarter to $4.45 per Mcf.
            • Feb 25, 2023
            • Berkshire Hathaway said operating earnings in the fourth quarter declined 8% to $6.7 billion from $7.3 billion and net income attributable to shareholders fell to $18.2 billion from $39.6 billion a year ago. Diluted earnings per Class A Share fell to $12,412 from $26,690 and Class B Share dropped to $8.27 from $17.79 in the previous year.   

              In 2022, operating earnings rose to $30.8 billion from $27.4 billion a year ago and net earnings attributable to shareholders swung to ($22.8 billion) from $89.8 billion and diluted earnings per Class A Shares to ($15,539) from $59,460 in the previous year.  

              Berkshire repurchased $2.6 billion of its own shares during the fourth quarter bringing the total for  the year to approximately $7.9 billion.
              • Feb 24, 2023
              • Sweetgreen, Inc said revenue in the fourth quarter increased 23% to $118.6 million and same store sales slowed to 4% from 36% in the previous year. Net loss shrank to $49.3 million from $66.2 million and diluted loss per share fell to 44 cents from $1.14 a year ago. 
                • MercadoLibre Inc said revenue in the fourth quarter increased to $3.0 billion from $2.1 billion a year ago. The company swung to a profit of $165 million from a loss of $46 million and diluted earnings per share was $3.25 compared to a loss of 92 cents in the previous year.  
                  • The PCE price index and core index excluding food and energy accelerated to 0.6% in January compared to 0.2% and 0.4% increases in December. On an annual basis the PCE index and core index accelerated to 5.2% and 4.7% from 5.3% and 4.6% respectively.
                    • Carvana said operating revenue in the fourth quarter plunged to $2.8 billion from $3.7 billion in the previous year. Net loss in the period surged to $809 million from $89 million or diluted loss per share rose to $7.61 from $1.02 a year ago.  

                      In 2022, operating revenue increased to $13.6 billion from $12.8 billion and net loss surged to $1.6  billion from $135 million or diluted loss per share increased to $15.74 from $1.63 in the  previous year. 
                      • Mister Car Wash said revenue in the fourth quarter increased 12% to $214.3 million and comparable sales increase slowed to 4.0% from 14.6% a year ago. Net income plunged to $17.7 million from $37.2 million and diluted earnings per share dropped to 5 cents from 11 cents a year ago. 

                        In 2022, revenue increased 15.6% to $876.5 million and the company swung to a net income of $112.9 million from a loss of $22 million and diluted EPS was 34 cents from a loss of 8 cents in the previous year.