Key Takeaways MODG rallied 45.1% in three months after Q3 results showed a clear operational turnaround.MODG saw Topgolf same-venue sales turn positive as value offers drove high-teens traffic growth in core bays.MODG raised revenue and EBITDA guidance on strong equipment demand and cost control.Shares of the company Topgolf Callaway Brands Corp. (MODG) have surged 45.1% compared with the industry and the S&P 500’s growth of 1.1% and 3.4%, respectively.Shares of Topgolf Callaway have rallied as investors re ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Card issuing platform Marqeta appointed Stripe alum Patti Kangwankij to the role of CFO, effective Feb. 9, with the goal of aiding the business by enhancing profitability and driving growth, according to a Wednesday press release and securities filing. The appointment comes several months after the Oakland, California-based company announced it was beginnin ...

Group 1 - JPMorgan upgraded Citigroup from Neutral to Overweight and raised its price target to $124 from $107, citing expectations for improving profitability driven by a solid economic backdrop and strong market activity [1] - Citigroup is positioned to benefit more than peers from favorable macro conditions due to its revenue mix, with ongoing transformation efforts expected to enhance returns [2] - Factors such as progress on regulatory consent orders, a declining efficiency ratio, reductions in stranded costs, and the continued drawdown of deferred tax assets are expected to support a steady improvement in Citigroup's profitability over time [2][3] Group 2 - These initiatives should drive returns on tangible common equity higher relative to peers [3]

ATHENS, Greece, Dec. 11, 2025 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP; the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the third quarter and nine months ended September 30, 2025. OPERATIONAL AND FINANCIAL HIGHLIGHTS Full integration of our seven drybulk vessels within Q3 25’ leading to a 36.1% increase of fleet calendar days compared to Q2 25’.Fleet ...

Financial Data and Key Metrics Changes - In Q3 of fiscal 2025, consolidated net sales were $307 million, slightly down from $308 million in Q3 of fiscal 2024, within the guidance range of $295 million to $310 million [23] - Adjusted gross margin contracted by 200 basis points to 61%, primarily due to increased cost of goods sold from tariffs and a change in sales mix [25] - Adjusted SG&A expenses increased by 4% to $209 million compared to $201 million last year, driven by higher employment, occupancy, and depreciation costs [26] - The company reported an adjusted net loss per share of $0.92, with non-cash impairment charges totaling $61 million related to the Johnny Was trademark [27] Business Line Data and Key Metrics Changes - Lilly Pulitzer experienced strong growth with total sales increasing year-over-year, driven by double-digit growth in retail and high single-digit growth in e-commerce [24] - Tommy Bahama saw a low single-digit negative comp, although comps improved sequentially from down high single digits earlier in the year [8][24] - Johnny Was faced a high single-digit negative comp, leading to sales decreases, despite efforts to strengthen the brand through leadership changes and business improvement plans [10][24] Market Data and Key Metrics Changes - The overall consumer environment remained highly competitive and promotional, with consumers being selective in discretionary spending [4] - The holiday selling period was more promotional than the previous year, impacting sales performance [12] - The Emerging Brands Group showed strong momentum, with year-over-year sales gains, reflecting growing recognition and customer engagement [18] Company Strategy and Development Direction - The company is focused on improving profitability and has begun implementing cost reduction initiatives, including efforts around indirect spend and SG&A efficiencies [20] - There is a clear emphasis on enhancing merchandising effectiveness, marketing efficiency, and improving the go-to-market process, particularly for Johnny Was [46] - The company plans to continue investing in long-term brand strength while managing tariff impacts and promotional pressures [21][19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by tariff-related product limitations and a highly promotional environment affecting holiday sales [12][19] - The company expects fourth-quarter performance to land below previous guidance due to a slower start to the holiday season [19] - Looking ahead to fiscal 2026, the company is optimistic about realizing benefits from cost reduction initiatives and improved merchandising strategies [20] Other Important Information - The company is in the final stages of constructing a new fulfillment center, which is expected to enhance direct-to-consumer capabilities [6] - Capital expenditures are expected to decline significantly as the new fulfillment center is completed [21] - The company anticipates a net tariff impact of approximately $25 million to $30 million for fiscal 2025, contributing to margin contraction [31] Q&A Session Summary Question: How meaningful would the assortment gap be for the upcoming season? - Management indicated that the assortment gap was primarily due to sourcing decisions made under tariff uncertainty, but they expect to have a more complete assortment for spring [38][40] Question: What is the current promotional intensity in the marketplace? - Management noted that promotional intensity remains high, but they are adapting their promotional strategies to remain competitive [42] Question: Can you elaborate on the wholesale situation? - Management acknowledged cautious behavior from wholesale partners, with less inventory needing liquidation through off-price channels [47][48] Question: What are the plans for price increases to offset tariffs? - Management indicated that price increases are planned for spring, ranging from 4% to 8%, to help mitigate tariff impacts [59] Question: How are the brands performing quarter to date? - Management reported broad-based weakness in the larger brands, while smaller brands continue to perform well [54]

New partnerships with Costco and Target are set to boost sales and profits.Shares of Mama's Creations (MAMA +28.44%) leaped 28% on Tuesday after the deli-prepared food maker reported impressive growth metrics. A crowning achievement Mama's third-quarter revenue rocketed 50% higher year over year to $47.3 million, fueled by double-digit organic sales growth and the company's recent acquisition of Crown 1 Enterprises.Mama purchased Crown 1's assets from food distribution giant Sysco in September for $17.5 mi ...

Core Insights - Lufthansa aims to enhance profitability at its core brand in the upcoming year after projecting a return to profitability this year [1] Company Strategy - The CEO of Lufthansa Airlines, Jens Ritter, indicated the company's focus on improving financial performance [1]

Summary of Micron Technology Inc Conference Call Company Overview - **Company**: Micron Technology Inc (MU) - **Industry**: Semiconductors Key Points and Arguments 1. **Supply Tightness Duration**: Micron has extended its view on the duration of supply tightness to persist through the end of 2026, indicating a fully booked HBM supply during this period [2][3][4] 2. **Profitability in DRAM**: Core DRAM profitability is expected to strengthen further, with DDR gross margins projected to surpass HBM for the first time in early 2026 [2][3] 3. **DDR5 Contract Negotiations**: Contract negotiations for DDR5 are trending towards a price increase of approximately 20% quarter-over-quarter, with mobile DRAM ASPs rising nearly 40% quarter-over-quarter [2][3] 4. **Market Dynamics**: The cycle is anticipated to be more durable as HBM technology is expected to "crowd out" traditional memory markets, with most capacity additions through 2027 likely directed towards HBM [2][3] 5. **Price Target Increase**: The price target for Micron has been raised to $275 from $245 based on revised pricing and HBM assumptions [2][4] Financial Estimates and Changes 1. **Revenue and EPS Estimates**: - FQ1 2026 revenue is estimated at $13.2 billion with EPS of $4.27, exceeding previous guidance [7][9] - FY 2026 revenue is projected at $65.9 billion and EPS at $25.51, reflecting a 3% increase from prior estimates [11] - FY 2027 revenue is expected to reach $81.5 billion with EPS of $33.33, a 7% increase from previous estimates [11] 2. **Gross Margin Projections**: Gross margins are expected to peak at approximately 66-67% in late 2026 and early 2027, with overall gross margins of 64.4% and 63.2% for FY 2026 and FY 2027 respectively [7][9] 3. **Capex Plans**: Micron plans to increase capital expenditures to $20.8 billion and $22.8 billion for FY 2026 and FY 2027, respectively, including around $2 billion in government incentives [7][9] Market Position and Competitive Landscape 1. **HBM Market Share**: Micron is expected to capture approximately 20-25% of the HBM market, despite challenges in ramping up production due to capacity constraints [3][6] 2. **Technology Development**: Commentary from Micron's CTO suggests that while the feasibility of HBM4 redesign is not an issue, the timing for completion is critical due to a lack of extensive IP library compared to logic foundries [3][4] Additional Insights 1. **NAND Pricing**: NAND pricing is expected to increase in the mid-teens for FQ1, but the second derivative may turn negative sooner in 2026 [7][9] 2. **Analyst Ratings**: The stock maintains a "Buy" rating with a 12-month price target of $275, reflecting strong market confidence [4][8] This summary encapsulates the critical insights from the conference call, highlighting Micron's strategic positioning, financial outlook, and market dynamics within the semiconductor industry.

Core Viewpoint - CVS Health is experiencing a significant rebound, with shares rising 77% this year due to improved financial results, but still faces challenges in underperforming business segments [1][2]. Financial Performance - CVS Health reported a record revenue of $102.9 billion in the third quarter, a 7.8% increase compared to the same quarter in 2024 [4]. - Adjusted operating income reached $3.5 billion, reflecting a 35.8% year-over-year increase, with an operating margin of 3.4%, up from 2.7% the previous year [6]. - Non-GAAP earnings per share were $1.60, marking an almost 47% increase year-over-year [6]. Strategic Adjustments - The company is implementing a plan for at least $2 billion in cost savings, which includes store closures and workforce reductions [4]. - CVS plans to scale back its Medicare Advantage business and exit the Affordable Care Act's health insurance market, which are expected to improve profitability despite potentially lower overall revenue [8]. Valuation and Market Position - CVS Health's stock trades at 10.7 times forward earnings, significantly lower than the healthcare industry average of 17.1, making it an attractive investment opportunity [9]. - The company possesses a strong competitive advantage due to its extensive pharmacy network and long-term patient relationships [11]. Long-term Outlook - CVS is well-positioned to benefit from long-term trends such as an aging population, which is expected to increase healthcare spending [12]. - The stock offers a forward dividend yield of 3.4% with a reasonable cash payout ratio of 53.3%, appealing to long-term income seekers [13].

SBI’s standalone profit after tax rose 10% year-on-year to ₹20,160 crore in the second quarter, compared with ₹18,331 crore a year ago, beating estimates of a fall in profits. Asset quality improved, with net NPA declining to 0.42% from 0.53% a year earlier.“SBI’s robust set of numbers is among the best in the industry,” said Pankaj Pandey, head of fundamental research at ICICI Direct. “Even excluding the one-time gains from the Yes Bank stake sale, operational performance remains solid. Public sector bank ...