Consumer Discretionary

Ford Motor Co (NYSE:F): vehicle sales volume in the US rose by 21.9% year over year in February to 157,606 vehicles

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Ford Motor Co (NYSE:F) said vehicle sales volume in the US rose by 21.9% year over year in February to 157,606 vehicles. US internal combustion sales increased 20.5% year over year in February to 144,926 units, while US electric vehicle sales were 68.1% higher at 3,523 units and hybrid vehicle sales rose 32.9% to 9,157 units, the company said.

Ford Motor Co (NYSE:F): vehicle sales volume in the US rose by 21.9% year over year in February to 157,606 vehicles Read Post »

Bernstein: Tesla’s (NASDAQ:TSLA) “Big Picture 3” lacks detail and gives it an “underperform” rating

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Bernstein said Tesla’s (NASDAQ:TSLA) “Master Plan Part 3” announced at Wednesday’s investor event day looks at the long term but lacks details. The bank noted that Musk’s “grand chapter 3” is not so much Tesla’s roadmap as a hope for widespread electrification; Management updates, while informative, are not necessarily linear. As part of a larger vision, Tesla makes no mention of Boring Company and SpaceX, and rarely mentions of Tesla’s own solar business. Most importantly, Tesla did not provide more information about its upcoming lower-priced next-generation car, the bank noted. The bank has an “underperform” rating on Tesla’s stock and a $150 price target.

Bernstein: Tesla’s (NASDAQ:TSLA) “Big Picture 3” lacks detail and gives it an “underperform” rating Read Post »

Macy’s (NYSE:M) Q4 2022 Net sales of $8.3 billion, down 4.6% year-over-year

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March 2, 2023 — Macy’s, Inc. (NYSE: M) today reported financial results for the fourth quarter and fiscal 2022 and provided fiscal 2023 guidance. Macy’s (NYSE:M)  reported fiscal Q4 adjusted earnings  of $1.88 per diluted share,Analysts polled by Capital IQ expected $1.59. Net sales for the quarter ended Jan. 28 were $8.26 billion, Analysts surveyed by Capital IQ expected $8.27 billion. For fiscal 2023, the company is expecting adjusted earnings of $3.67 to $4.11 per diluted share on net sales of $23.7 billion to $24.2 billion. Analysts surveyed by Capital IQ are expecting earnings of $4.17 on sales of $24.49 billion. Fourth Quarter 2022 Highlights Diluted earnings per share of $1.83 and Adjusted diluted earnings per share of $1.88, This compares to diluted earnings per share of $2.44 and Adjusted diluted earnings per share of $2.45 in the fourth quarter of 2021. This compares to diluted earnings per share of

Macy’s (NYSE:M) Q4 2022 Net sales of $8.3 billion, down 4.6% year-over-year Read Post »

Macy’s (NYSE:M) expects adjusted earnings per share of $3.67 to $4.11 this year, compared with a market estimate of $3.82

/ / Consumer Discretionary /

Macy’s (NYSE:M) expects net sales of $23.7 billion to $24.2 billion this year, compared with a market estimate of $24.32 billion, and an adjusted earnings per share of $3.67 to $4.11, compared with a market estimate of $3.82.

Macy’s (NYSE:M) expects adjusted earnings per share of $3.67 to $4.11 this year, compared with a market estimate of $3.82 Read Post »

Kohl’s (NYSE:KSS) Q4 2022 net sales of $5.8 billion,down 7.2% year-over-year

/ / Consumer Discretionary /

March 1, 2023— Kohl’s Corporation (NYSE:KSS) today reported results for the quarter and year ended January 28, 2023. Kohl’s Corporation (NYSE:KSS) reported a fiscal Q4 adjusted loss  of $2.49 per diluted share, Analysts polled by Capital IQ forecast normalized earnings of $0.97 per share. Net sales for the quarter ended Jan. 28 were $5.78 billion, Analysts surveyed by Capital IQ projected $6.03 billion. The department store chain operator’s Q4 comparable sales fell 6.6%. Analysts polled by Capital IQ expected a year-over-year decrease of 4.1%. Kohl’s said it expects fiscal 2023 earnings, excluding non-recurring charges, of $2.10 to $2.70 per share. Analysts polled by Capital IQ are expecting normalized earnings of $2.99 per share. Net sales for the year are expected to fall 2% to 4%, the company said. Analysts polled by Capital IQ are looking for net sales of $17.54 billion. Fourth Quarter 2022 Results Net sales decreased 7.2% year-over-year, to $5.8 billion,

Kohl’s (NYSE:KSS) Q4 2022 net sales of $5.8 billion,down 7.2% year-over-year Read Post »

Rivian Automotive (NASDAQ:RIVN) Q4 2022 Loss Narrows as Revenue Rises

/ / Consumer Discretionary /

Rivian Automotive (NASDAQ:RIVN) Q4 2022 Loss Narrows as Revenue Rises. adjusted Q4 loss to $1.73 per diluted share from a loss of $2.43 a year earlier as the shares outstanding were 923 million, Analysts polled by Capital IQ forecast a per-share normalized loss of $1.95. Revenue for the quarter ended Dec. 31 was $663 million, Analysts surveyed by Capital IQ projected $729.5 million. The electric vehicle company said it expects to produce 50,000 units in fiscal 2023 and report an adjusted Ebitda loss of $4.3 billion.

Rivian Automotive (NASDAQ:RIVN) Q4 2022 Loss Narrows as Revenue Rises Read Post »

Target (NYSE:TGT) total revenue of $31.4 billion in Q4 2022, up 1.3% year-over-year

/ / Consumer Discretionary /

February 28, 2023 – Target Corporation (NYSE: TGT) today announced its fourth-quarter and full-year 2022 results. The Company reported fourth-quarter GAAP earnings per share (EPS) of $1.89, compared with $3.21 in 2021, and $5.98 for full-year 2022, compared with $14.10 in 2021. Adjusted EPS1 was $1.89 for the fourth quarter, compared with $3.19 in 2021, and $6.02 for the full-year, compared with $13.56 in 2021. Full-year 2021 GAAP EPS included a $335 million pretax gain on the sale of Dermstore, which was excluded from Adjusted EPS. Target Corporation (NYSE: TGT)  reported fiscal Q4 adjusted earnings Tuesday of $1.89 per share, Analysts polled by Capital IQ forecast $1.40. Revenue for the quarter ended Jan. 28 was $31.40 billion, Analysts surveyed by Capital IQ projected $30.73 billion. The retailer’s fiscal Q4 comparable sales grew 0.7%. Analysts polled by Capital IQ expected a decrease of 1.5%. Target said it expects fiscal Q1 adjusted EPS of

Target (NYSE:TGT) total revenue of $31.4 billion in Q4 2022, up 1.3% year-over-year Read Post »

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