Movers: Apogee, Aurora Cannabis, Beyond Meat, Chemours, General Mills, Stitch Fix
- Barry Adams
- U.S.A. New York City
-
Apogee Enterprises lifted its annual outlook. Chemours lowered its annual view. Stitch Fix swung to a quarterly loss and a decline in revenues.
Apogee Enterprises Inc added 0.7% to $41.73 and the company said revenue in the fiscal year 2023 increased 14% to $372.1 million from $325.8 million a year ago.
The architectural products and services provider swung in the quarter ending on August 27 to a net income of $37.4 million from a loss of $2.1 million.
Diluted earnings per share was $1.68 compared to a loss of 8 cents a year ago.
The company lifted its guidance for full-year adjusted earnings to a range of $3.75 to $4.05 per diluted share, up from the previously announced range of $3.50 to $3.90.
The company expects full-year revenue growth of 8% to 10%, primarily driven by growth in Architectural Framing Systems and full-year capital expenditures of approximately $40 million.
Aurora Cannabis Inc dropped 7.5% to $1.30 after the company reported break-even quarterly earnings on an adjusted basis.
Net loss in the fourth quarter ending in June was $618.8 million compared to $134.0 million a year ago.
The increase in net loss was primarily due to non-cash impairment charges of $505.1 million driven by the write down of goodwill, intangible assets and property and plant assets.
Revenue in the quarter was nearly unchanged at $50.2 million compared to $50.4 million a year ago.
Beyond Meat Inc added 1.6% to $16.29 after the company said it has suspended Chief Operating Officer Doug Ramsey after he was arrested for an altercation at a football game.
Jonathan Nelson, senior vice president was appointed as interim COO.
Chemours Company declined 4.3% to $29.41 after the advanced performance materials and Titanium technologies developer lowered its adjusted operating earnings outlook for the full-year.
The company lowered its adjusted operating earnings in the range of $1.4 billion to $1.45 billion from the previous estimate between $1.475 billion and $1.575 billion.
Changes to the Titanium Technologies segment outlook drove the entirety of the change in the company
Annual Returns
Company | Ticker | 2024 | 2023 | 2022 |
---|---|---|---|---|
Apogee Enterprises Inc | APOG | 29% | 15% | -3% |
Beyond Meat Inc. | BYND | -30% | -39% | -77% |
General Mills Inc | GIS | 3% | -25% | 30% |
Aurora Cannabis Inc | ACB | -17% | -58% | -79% |
Chemours Company The | CC | -23% | 3% | -9% |
Stitch Fix Inc. | SFIX | 32% | -9% | -79% |