Breaking News
Jun 7, 2023
  • Yext Inc soared 45% to $13.94 after the online marketplace operator reported better-than-expected quarterly results. 

    Revenue in the fiscal first quarter ending in April increased 1% to $99.4 million from $98.8 million and net loss shrank to $0.4 million from $25.8 million and diluted loss per share eased to breakeven from 20 cents a year ago. 
  • YEXT
  • Dave & Buster's Entertainment Inc jumped 4.7% to $35.34 after the restaurant chain operator reported quarterly results ahead of market expectations. 

    Revenue in the first quarter increased 32.4% to $597.3 million and comparable sales including Main Event stores decreased 4.1% from a year ago. 

    Net income increased to $70.1 million from $67.0 million and diluted earnings per share advanced to $1.45 from $1.35 a year ago. 

    The company repurchased 3.6 million shares in the first quarter at a total cost of $125.5 million and subsequent to the end of  the quarter, the company purchased an additional 2.1 million shares at a total cost of $74.5 million, bringing the total  repurchases in fiscal 2023 to 5.7 million shares totaling $200.0 million, representing 11.8% of the outstanding shares as of  the end of fiscal 2022.

    The company signed two international franchise agreements for up to 15 stores in India and up to 5 stores in Australia. 
  • PLAY
  • Stitch Fix Inc soared 9% to $4.01 after the online fashion platform posted a loss of 19 cents a share on revenue of $395 million. 

    Net revenue in the fiscal third quarter ending in April declined 20% to $394.9 million and active clients fell 11% to 3.476 million. 

    Net loss in the quarter shrank to $12.8 million from $78 million and diluted loss per share fell to 19 cents from 78 cents a year ago. 

    The company estimated fiscal fourth quarter revenue between $345 million and $365 million,  a decline between 20% and 22% from a year ago. 

    The company also said it plans to exit from the UK in the next fiscal year.
  • SFIX