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Guidance Cut

All articles tagged with #guidance cut

Delta Q3 Earnings Miss as Fuel Costs Surge 62% Amid Iran Conflict
business4 days ago

Delta Q3 Earnings Miss as Fuel Costs Surge 62% Amid Iran Conflict

Delta Air Lines missed third-quarter earnings estimates and slashed its 2026 profit outlook due to a 62% surge in fuel costs driven by the US-Israeli war with Iran. While premium segment growth and strong demand helped cushion the blow, the airline now expects full-year adjusted EPS of $5.10-$5.60, down from a prior range of $6.50-$7.50, and free cash flow of $2.5 billion. CEO Ed Bastian emphasized that fares are rising to offset the $6 billion increase in annual fuel expenses, though the company faces competitive pressure from rivals offering superior in-flight connectivity.

via Yahoo Finance|
#aviation#business#delta-air-lines
Lululemon slides on weak guidance despite earnings beat
finance1 month ago

Lululemon slides on weak guidance despite earnings beat

Lululemon beat Q2 on adjusted EPS ($2.92, aided by $0.86 tariff refunds) but revenue fell 4% to $2.40B, missing estimates; comparable sales dropped 9% (Americas -12%, international -3%). For Q3, management guides revenue of $2.29B–$2.32B and EPS of $0.93–$0.98, well below consensus, and full-year 2026 revenue of $10.35B–$10.50B with EPS of $9.48–$9.73, also below expectations. Gross margin rose to 60.5% due to tariff refunds, while operating margin declined to 18.8%. The weak guidance sparked roughly a 15% drop in LULU shares.

via Yahoo Finance|
#earnings-beat#finance#guidance-cut
On Holding tumbles ~22% after Q2 miss, trims full-year growth outlook
finance2 months ago

On Holding tumbles ~22% after Q2 miss, trims full-year growth outlook

On Holding AG's stock fell about 22% after its second-quarter revenue missed estimates and the company cut its full-year net sales growth outlook to the low-20% range (CC). Q2 EPS was CHF 0.31 vs. CHF 0.29 expected, while revenue was CHF 850.3 million vs. CHF 881.4 million consensus. Growth was led by a 34.3% CC increase in direct-to-consumer, Asia-Pacific accounting for >20% of sales, and apparel up 56.2% CC. Gross margin rose to 65.4% and adjusted EBITDA margin to 19.8%. For the year, gross margin guidance was raised to at least 65% and EBITDA margin to 19.5-20.0%, with net sales guidance of CHF 3.47-3.56 billion, below a Citi consensus and signaling pressure into the second half.

via Yahoo Finance|
#direct-to-consumer#earnings#finance
Planet Fitness stock slides after guidance cut and paused pricing plan
business5 months ago

Planet Fitness stock slides after guidance cut and paused pricing plan

Planet Fitness stock plunged more than 30% after it cut its full-year guidance, trimming revenue growth to 7% (from 9%), lowering same-store sales to 1% (vs 4–5%), and pausing a planned Black Card price increase, even as the quarter posted 21.9% revenue growth and 3.5% same-club sales; management cited weaker net member growth and other headwinds and said it would sharpen marketing while pursuing a long-term plan focused on affordability and member acquisition.

via CNBC|
#business#guidance-cut#member-growth
Novo Nordisk Stock Dips Amid Earnings Warnings and Market Challenges
business1 year ago

Novo Nordisk Stock Dips Amid Earnings Warnings and Market Challenges

Novo Nordisk's stock dropped over 21% after a second guidance cut due to disappointing U.S. sales and increased competition in obesity treatments, raising questions about its future prospects. Despite recent setbacks, the company's international growth and technological advantages suggest the stock may be undervalued, with potential for significant long-term gains for risk-tolerant investors.

via Barchart.com|
#business#guidance-cut#investment-opportunity
"Cisco Cuts 5% of Global Workforce, Slashes Full-Year Guidance"
businesstechnology2 years ago

"Cisco Cuts 5% of Global Workforce, Slashes Full-Year Guidance"

Cisco Systems reported better-than-expected fiscal second-quarter results but reduced its full-year guidance and announced plans to cut about 5% of its workforce, or more than 4,000 employees, due to concerns about demand. CEO Chuck Robbins cited caution and scrutiny of deals amid high uncertainty in the macro-environment. The company also mentioned slowing demand, ongoing inventory correction, and weak demand from telco and cable service provider customers. The news led to a negative reaction from Wall Street analysts, with concerns about the company's performance and the impact of the layoffs.

via Yahoo Finance|
#businesstechnology#chuck-robbins#cisco-systems
Thermo Fisher Scientific's Stock Takes a Hit as 2023 Outlook is Slashed Again
business3 years ago

Thermo Fisher Scientific's Stock Takes a Hit as 2023 Outlook is Slashed Again

Thermo Fisher Scientific, a major player in the medical equipment industry, has lowered its 2023 outlook for the second time this year due to challenges in the macro environment. The company now expects lower earnings per share and sales than previously projected. This guidance cut suggests that Thermo Fisher may miss Wall Street's fourth-quarter expectations. The stock slumped by 5.5% as a result. Despite the challenges, Thermo Fisher's adjusted earnings for the third quarter exceeded analysts' forecasts, but sales were slightly below expectations. The company attributes the guidance cut to the impact of its COVID-19 business, including a decline in sales of COVID tests. However, analysts believe that the underlying organic growth is in line with peers and that the recent underperformance of the stock may be overdone.

via Investor's Business Daily|
#business#covid-19#guidance-cut
Foot Locker's Stock Plunges 26% Due to Weak Consumer Demand and Lowered Guidance
business3 years ago

Foot Locker's Stock Plunges 26% Due to Weak Consumer Demand and Lowered Guidance

Foot Locker reported falling sales for another quarter and slashed its outlook for the second time this year, blaming "consumer softness" as inflation-weary customers hesitate to spend on footwear and apparel. The company's adjusted Q2 earnings were in line with expectations, but sales fell short and margins were impacted by promotions and higher shrink. Shares plunged 26% in pre-market trading. Foot Locker now expects sales to drop 8% to 9% for the year and cut its adjusted earnings guidance. The retailer has been relying on promotions to drive sales as its lower to middle-income customer base pulls back on discretionary spending. Comparable-store sales dropped 9.4% due to ongoing consumer softness and changes in vendor mix.

via CNBC|
#athletic-apparel#business#consumer-softness
Volkswagen's EV Deliveries Surge Despite Logistics Challenges
automotive3 years ago

Volkswagen's EV Deliveries Surge Despite Logistics Challenges

Volkswagen Group reported a 48% increase in electric vehicle (EV) deliveries in the first half of 2023, with EVs accounting for 7.4% of total deliveries. The growth was driven by a strong performance in China, where VW has struggled in the past. However, the company has lowered its overall delivery guidance due to logistics bottlenecks. Despite this, VW expects a higher proportion of EV sales in the second half of the year and confirmed its financial outlook for the year.

via Electrek.co|
#automotive#china#ev-deliveries