Author: starbpo

Before the market opened on Wednesday, Hibbett Inc. HIBB, -0.12% reported a better-than-expected profit, but sales were lower than what analysts had expected. For the quarter, the sporting goods store made $32.5 million, or $2.67 per share. This is down from $35.9 million, or $2.74 per share, during the same time last year. FactSet polled analysts and found that they expected the company to make $2.58 per share. Sales dropped from $455.5 million in the same quarter last year to $447.2 million this year. FactSet polled analysts, and they thought sales would be $452.9 million. Shares of Hibbett are down…

The company High Liner Foods wants to start a programme to buy back up to 2.1% of its issued and outstanding shares over the course of a year. Canada’s frozen seafood company said Wednesday that the Toronto Stock Exchange had agreed to its plan to use a normal course issuer bid to buy back up to 700,000 shares. The price of the stock has gone up about 12% since the start of the year. It closed on Tuesday at $9.71(CDN) a share. The shares that were meant to be bought back would be worth about C$9.3 million at that price.…

Shares of REV Group went up after the company raised its earnings guidance for the fiscal year and reported better-than-expected results for the fiscal second quarter. In Wednesday morning trading, the stock was up 5% to $26. So far this year, shares have gone up more than a third. The company that makes specialty vehicles and aftermarket parts for them said it now expects to make at least $230 million this year, which is more than the $224 million that was the low end of its previous range of predictions. Amounts earned after one-time items are taken out are now…

A European Union court said on Wednesday that McDonald’s can’t call any of its chicken sandwiches a “Big Mac.” The decision comes after Supermac’s, an Irish fast-food chain, asked the EU in 2017 to take away McDonald’s decades-long trademark on the use of the Big Mac name for a variety of food products and services sold at its restaurants. It said the U.S. fast-food giant hadn’t put the trademark to real use for five years in a row. The EU Intellectual Property Office let McDonald’s keep using the name for chicken and meat sandwiches. Supermac’s then made an appeal. Supermac’s…

Dollar Tree stock was going down after the store reported good quarterly results and said it would be reviewing its Family Dollar division in a formal way. According to FactSet, Dollar Tree had adjusted earnings of $1.43 per share for the first fiscal quarter that ended on May 4. This was in line with what Wall Street expected. The net sales of $7.63 billion were also in line with expectations. Dollar Tree stock fell 2.8% to $116.90 before the market opened, while futures that follow the S&P 500 went up 0.2%. Dollar Tree forecasts net sales of $7.3 billion to…

Tempus AI Inc. is about to offer investors a way to make money at the point where AI and medicine meet. Healthtech company Tempus TEM, which was founded in 2015, wants to sell 11.1 million shares for $35 to $37 each. At the high end of that price range, the company could raise just over $410 million. Tempus’s technology tries to make lab tests more personalised by looking at results along with other medical data about a patient. In its prospectus, the company said, “Our goal is to embed AI, including generative AI, into every aspect of diagnostics so that…

It’s good news for Tesla that sales have gone up in China, but not enough for shares to break out of their recent range. The Chinese Passenger Car Association says that in May, Tesla delivered 72,573 cars from its plant in Shanghai. Tesla doesn’t say how many cars are sold each month or in each region. Exports are part of that number. Most of the time, local sales start later in the month. The number for May is almost 17% higher than the April number. The number is down about 7% year over year, but it is getting better over…

In premarket trading on Wednesday, shares of Hanesbrands Inc. HBI, -2.13% rose 6.9% towards a two-month high. This came after the company said it had agreed to sell its Champion athletic clothing business to Authentic Brands Group for a deal that could be worth up to $1.5 billion. The deal is set to close in the second half of 2024, and there is a chance to get $300 million in cash if certain performance goals are met. Hanesbrands thinks the deal will bring in a net of $900 million for the company. “We think this deal will help the company…

Thursday, Ollie’s Bargain Outlet announced a plan for the next CEO that will change the company’s top leadership. John Swygert, who has been CEO since 2019, will become executive chairman early next year, the Harrisburg, Pennsylvania-based discount store said. For immediate effect, Eric van der Valk was made president. In early 2025, he will take over as CEO from Swygert. Additionally, Robert Helm was made executive vice president right away, and on June 17, Chris Zender was hired as executive vice president and chief operating officer. After working for Ollie’s for more than 20 years, Swygert is credited with helping…

As markets adapted to the pattern of Trump delivering an ultimatum and then offering a climbdown or concession that avoids worst-case scenarios, the over 20% recovery in the S&P 500 index SPX has been dubbed the “Trump always chickens out” or “TACO trade.” After the tariff wars started on April 2, traders grew used to discounting future trade agreements and de-escalation. Although the S&P 500 index has recovered all of its 2025 losses and is now slightly positive for the year, BCA strategists caution against investor complacency and a stock market that has not adequately priced in risks. They point…