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Starbucks posts record fourth quarter revenue after opening hundreds of new stores

Published Fri, 08 Nov 2024 23:24:50 GMT

Starbucks reported record revenue in its fourth quarter as it opened hundreds of new stores.Revenue for the July-September period rose 11% to $9.4 billion. That surpassed Wall Street’s expectation of $9.3 billion, according to analysts polled by FactSet.The Seattle coffee giant opened 816 net new stores in the quarter, ending its fiscal year with more than 38,000 stores worldwide.Global same-store sales – or sales at stores open at least a year — rose 8%, also surpassing analyst forecasts for a 6.8% increase. U.S. same-store sales rose 8%, while same-store sales in China – the company’s second-largest market – rose 2%.Net income jumped 39% to $1.2 billion, or $1.06 per share. That was also higher than Wall Street expectations for 97 cents.Shares jumped nearly 7% before the opening bell Thursday. Source

Acushnet: Q3 Earnings Snapshot

Published Fri, 08 Nov 2024 23:24:50 GMT

FAIRHAVEN, Mass. (AP) — FAIRHAVEN, Mass. (AP) — Acushnet Holdings Corp. (GOLF) on Thursday reported third-quarter net income of $57.3 million.The Fairhaven, Massachusetts-based company said it had profit of 85 cents per share.The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.The golf products maker posted revenue of $593.4 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $571 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOLF at https://www.zacks.com/ap/GOLFSource

Ecovyst: Q3 Earnings Snapshot

Published Fri, 08 Nov 2024 23:24:50 GMT

MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — Ecovyst Inc. (ECVT) on Thursday reported third-quarter profit of $16.6 million.On a per-share basis, the Malvern, Pennsylvania-based company said it had profit of 14 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 19 cents per share.The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.The specialty chemical producer posted revenue of $173.3 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $184.5 million.Ecovyst expects full-year revenue in the range of $675 million to $705 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ECVT at https://www.zacks.com/ap/ECVTSource

Clearway Energy: Q3 Earnings Snapshot

Published Fri, 08 Nov 2024 23:24:50 GMT

PRINCETON, N.J. (AP) — PRINCETON, N.J. (AP) — Clearway Energy, Inc.-A (CWENA) on Thursday reported profit of $4 million in its third quarter.On a per-share basis, the Princeton, New Jersey-based company said it had net income of 3 cents.The power generation company posted revenue of $371 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CWENA at https://www.zacks.com/ap/CWENASource

Primo: Q3 Earnings Snapshot

Published Fri, 08 Nov 2024 23:24:50 GMT

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Primo Water Corporation (PRMW) on Thursday reported third-quarter net income of $33.4 million.On a per-share basis, the Tampa, Florida-based company said it had net income of 21 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 33 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.The maker of pure-play water solutions posted revenue of $622 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $626.3 million.Primo expects full-year revenue in the range of $2.32 billion to $2.36 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRMW at https://www.zacks.com/ap/PRMWSource

Dorian LPG: Fiscal Q2 Earnings Snapshot

Published Fri, 08 Nov 2024 23:24:50 GMT

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Dorian LPG Ltd. (LPG) on Thursday reported profit of $76.5 million in its fiscal second quarter.On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.89. Earnings, adjusted for non-recurring gains, came to $1.85 per share.The liquified petroleum gas shipping company posted revenue of $144.7 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LPG at https://www.zacks.com/ap/LPGSource

Spirit Realty: Q3 Earnings Snapshot

Published Fri, 08 Nov 2024 23:24:50 GMT

DALLAS (AP) — DALLAS (AP) — Spirit Realty Capital Inc. (SRC) on Thursday reported a key measure of profitability in its third quarter. The results surpassed Wall Street expectations.The Dallas-based real estate investment trust said it had funds from operations of $131 million, or 92 cents per share, in the period.The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 90 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $35.9 million, or 25 cents per share.The real estate investment trust, based in Dallas, posted revenue of $193.4 million in the period. Its adjusted revenue was $188.2 million, which missed Street forecasts. Six analysts surveyed by Zacks expected $189.5 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data fro...

Curo Group: Q3 Earnings Snapshot

Published Fri, 08 Nov 2024 23:24:50 GMT

CHICAGO (AP) — CHICAGO (AP) — Curo Group Holdings Corp. (CURO) on Thursday reported a loss of $104.4 million in its third quarter.On a per-share basis, the Chicago-based company said it had a loss of $2.53. Losses, adjusted to account for discontinued operations, were 81 cents per share.The consumer finance company posted revenue of $167.9 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CURO at https://www.zacks.com/ap/CUROSource

Denver weather: 60s and sunshine are back

Published Fri, 08 Nov 2024 23:24:50 GMT

DENVER (KDVR) — Sunny skies are back across the Front Range on Thursday afternoon helping above-average temperatures move in. Those temperatures will stay through the weekend.Weather today: Comfortable and sunnyDenver will have abundant sunshine Thursday afternoon, allowing highs to climb into the middle 60s. Winds will be light all day, making it feel fairly comfortable for this time of the year.Denver weather on Nov. 2, 2023 (KDVR)Weather tonight: Slow-increasing cloudsThere will be clear skies after sunset, but Denver will see some slowly increasing clouds through the early morning hours of Friday. Overnight lows will be above average in the upper 30s with light winds. Adams County grand jury indicts alleged members of drug cartel pipeline Denver's forecast on Thursday, Nov. 2, 2023 (KDVR)Looking ahead: Staying mild through the weekendDenver finishes off the workweek with a mix of sun and clouds on Friday afternoon as highs top out in the upper 60s. The weekend looks fairly nic...

Turbulent Thursday with Wind Advisory in Effect

Published Fri, 08 Nov 2024 23:24:50 GMT

A windy day is ahead this Thursday across South Florida following a fall front that crossed through Wednesday morning, with an expansive area of high pressure building in across the eastern US.This will place South Florida in the windy zone today. That northeast wind will drive in gusts up to 35-40 mph along the coast, so a Wind Advisory remains in effect for metro and coastal Miami-Dade and Broward Counties through this evening.As far as our forecast is concerned, the cooler air mass in place to our north along with the onshore winds will drive in generally cloudy skies today along with the occasional passing shower. High temperatures will struggle to hit 80F as a result, which is below average.The cooling effects of this front will be minimal and short-lived, however, with temperatures gradually warming up over the next few days. By early next week, lighter winds out of the east along with more sunshine will lead to a return of above average high temperatures in the mid to upper 8...