Dell shares climb after company raises full-year profit outlook on AI demand
CNBC· 2025-05-29 20:07
Shares of Dell Technologies rose on Thursday in extended trading after the company raised its full-year earnings forecast and issued a stronger-than-expected forecast for the current quarter.However, Dell's adjusted earnings per share came up short versus LSEG estimates on in-line revenue.Here's how the computer maker did versus LSEG consensus estimates:Earnings per share: $1.55 adjusted vs. $1.69 estimatedRevenue: $23.38 billion vs. $23.14 billion estimatedDell said it expects $2.25 in adjusted earnings pe ...
American Eagle issues downbeat quarterly guidance as earnings miss expectations
CNBC· 2025-05-29 20:07
Core Insights - American Eagle Outfitters reported disappointing quarterly earnings, reflecting a $75 million write-down in spring and summer merchandise, leading to the withdrawal of its full-year guidance due to macroeconomic uncertainty [1][6]. Financial Performance - The company experienced an operating loss of $85.18 million for the three-month period ending May 3, compared to a net income of $77.84 million a year earlier [4]. - Revenue decreased to $1.09 billion, consistent with expectations but down from $1.14 billion a year prior, with comparable sales down 3% [5][10]. - Loss per share was reported at 29 cents adjusted, compared to an expected loss of 22 cents [10]. Management Commentary - CEO Jay Schottenstein acknowledged the challenging first quarter and expressed disappointment with the results, emphasizing actions to improve performance in upcoming quarters [2][6]. - The company is working to align inventory with sales trends and is actively evaluating forward plans to strengthen product performance [7]. Future Guidance - AEO issued a downbeat outlook for the second quarter, expecting revenue to decline by 5% and comparable sales to decrease by 3% [6]. - The company anticipates operating income for the second quarter to be between $40 million and $45 million [6]. Industry Context - AEO is not alone in withdrawing or modifying financial guidance, as other retailers like E.l.f. Beauty and Canada Goose have also adjusted their forecasts due to trade uncertainties [8]. - The company sources nearly 20% of its products from China and aims to reduce this to below 10% by the end of the fiscal year, with potential tariff impacts of $5 million to $10 million [9][11].
United Airlines suffered bookings drop due to Newark chaos — and it'll hurt profits, says CEO
New York Post· 2025-05-29 20:05
United Airlines CEO Scott Kirby said the outages and staffing shortages at Newark Liberty International Airport caused a drop in bookings that hurt the carrier’s bottom line. The New Jersey airport dominated headlines after its communications technology crashed three times – leaving air-traffic controllers’ radar systems dark – over a period of just two weeks.“We took a big drop in bookings for a few weeks,” Kirby said during The Wall Street Journal’s Future of Everything event on Thursday. 3 United Airl ...
Is Target Blaming Boycotts For Its Slump?
Forbes· 2025-05-29 20:05
Is Target Blaming Boycotts For Its Slump?gettyThe country’s seventh largest retailer has been the bullseye for grassroots consumer boycotts, but the real cause of its woes is in the c-suite.For a moment there, at the onset of the COVID-19 quarantine, Target seemed to be riding high on a wave of innovation that broke out when retailers of every stripe and category had to scramble to save their businesses from a global catastrophe. As we reported here in 2021, Target managed a rapid roll-out of an experimenta ...
Realty Income to Present at Nareit's REITweek: 2025 Investor Conference
Prnewswire· 2025-05-29 20:05
SAN DIEGO, May 29, 2025 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that Sumit Roy, Realty Income's President and Chief Executive Officer, will participate in a moderated company presentation at Nareit's REITweek: 2025 Investor Conference on Tuesday, June 3, 2025, at 11:45 a.m. EDT/ 8:45 a.m. PDT. The presentation will be broadcast live via webcast and can be accessed through the Upcoming Events section of Realty Income's website: http ...
American Public Education Announces Upcoming Conference Participation
Prnewswire· 2025-05-29 20:05
CHARLES TOWN, W.V., May 29, 2025 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI), a portfolio of education companies providing online and campus-based postsecondary education and career learning to over 125,000 students through four subsidiary institutions, today announced its upcoming investor conference participation schedule. William Blair's 45th Annual Growth Stock Conference – June 3-5, 2025 in Chicago, IL. Angela Selden, President and CEO will be present on June 5th at 8:00am CT and hos ...
Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 20, 2025
Prnewswire· 2025-05-29 20:05
Core Viewpoint - Red Robin Gourmet Burgers, Inc. reported a strong financial performance for the fiscal first quarter of 2025, showing increases in both sales and profits compared to the same period in 2024, while outlining strategic priorities for future growth [1][3]. Financial Performance - Total revenues for the first quarter of 2025 were $392.4 million, an increase of $3.8 million from $388.5 million in the same quarter of 2024 [4][7]. - Restaurant revenues rose to $385.8 million, up from $378.6 million year-over-year [4][7]. - Net income was $1.2 million, a significant improvement from a net loss of $9.5 million in the previous year, marking a $10.7 million increase [4][7]. - Adjusted EBITDA reached $27.9 million, reflecting a 108.2% increase from $13.4 million in the prior year [4][7]. Operational Highlights - Comparable restaurant revenue increased by 3.1%, with guest traffic declining by 3.5% and menu prices rising by 6.8% [16]. - Restaurant Level Operating Profit was $55.0 million, with a margin of 14.3%, compared to $41.5 million and 11.0% margin in the previous year [4][26]. Balance Sheet and Liquidity - As of April 20, 2025, the company had outstanding borrowings of $171.7 million, down by $17.8 million from the end of fiscal 2024 [5]. - Liquidity stood at approximately $59.2 million, including cash and cash equivalents [5]. Strategic Priorities - The company aims to focus on four key priorities: enhancing operational execution, driving sustainable traffic growth, strengthening financial position through debt reduction, and reinvesting in restaurant facilities [3]. Outlook for Fiscal 2025 - Updated guidance for total revenue is projected between $1.21 billion and $1.23 billion, with Adjusted EBITDA expected to remain in the range of $60 million to $65 million [9]. - The company anticipates a decline in comparable restaurant sales of approximately 3% in the second quarter of fiscal 2025 due to the non-recurrence of benefits from a loyalty program [9].
Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2026 Financial Results
Prnewswire· 2025-05-29 20:05
Q1 Net Revenue: $1.895 billion, a new record, grew by 63% year-on-year Q1 Gross Margin: 50.3% GAAP gross margin; 59.8% non-GAAP gross margin Q1 Diluted income per share: $0.20 GAAP diluted income per share; $0.62 non-GAAP diluted income per shareSANTA CLARA, Calif., May 29, 2025 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the first quarter of fiscal year 2026.Net revenue for the first quarter of fisca ...
Aon to Host 2025 Investor Day on June 9
Prnewswire· 2025-05-29 20:05
DUBLIN, May 29, 2025 /PRNewswire/ -- Aon plc (NYSE: AON) will host its Investor Day on Monday, June 9, 2025, beginning at 8:30 a.m. ET.Aon President and CEO Greg Case, CFO Edmund Reese and the senior executives leading the firm's 3x3 Plan will share how Aon United is a unique and powerful asset that is addressing clients' increasingly complex needs at the intersection of Risk Capital and Human Capital—driving sustainable, profitable growth and shareholder value creation.A live webcast and accompanying mater ...
Analog Devices, Inc. (ADI) Bernstein 41st Annual Strategic Decisions Conference (Transcript)
Seeking Alpha· 2025-05-29 20:02
Analog Devices, Inc. (NASDAQ:ADI) Bernstein 41st Annual Strategic Decisions Conference May 29, 2025 11:00 AM ET Company Participants Rich Puccio - CFO Conference Call Participants Stacy Rasgon - Bernstein Stacy Rasgon I'm Stacy Rasgon. I cover the US semiconductor sector here at Bernstein. And it's my great honor to introduce our guest today, the CFO of Analog Devices, Mr. Rich Puccio. Before I start, I just want to mention if you have questions you'd like to ask during the presentation or have asked, you h ...