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Yahoo
27-06-2025
- Business
- Yahoo
Nike stock jumps on earnings, price target boosts
Shares of Nike (NKE) are rising sharply. The company's Q4 results topped estimates, but it was enough for several analysts to turn more optimistic on the stock, with several raising their price targets on Nike shares. Yahoo Finance Anchor Julie Hyman reports the latest on the latest moves. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Nike shares are jumping here pre-market. You got some bullish calls out here on the street from Jeffries. We just buy it this morning. Yeah, a number, just buy it. That's cute. Yeah, we don't have our sneaker cam ready unfortunately here this morning, but I am not wearing Nike spoiler. Um, I also like Simeon Siegel's comment, less bad is good enough. This was not a spectacular quarter by any measure. Sales still fell by 12%, but a lot of the different numbers, including that top line revenue number beat estimates. And so indeed, for the street, that's good enough, especially considering that the stock is down 17% this year. And Elliot Hill, the CEO, of course, talking about his turnaround plan starting to take hold and make some progress. He says, "From here, we expect our business results to improve. It's time to turn the page." He said that on the conference call here. The other thing that analysts were looking for was progress on the inventory front. As you well know, Brad, there has been a big inventory buildup, um, in various channels for Nike. Uh, it's also been trying to repair its relationships with its retail partners. Um, CFO Matt Friend said that that inventory cleanup is proceeding, um, and that they have a healthy and clean position, um, in terms of where they're going into the second half of the year. I know that analysts like Anisha Sherman over at Bernstein were looking for that commentary, uh, in particular on inventory. Just want to mention the effect of tariffs as well because the company says it's going to increase tariffs, that is will increase costs by about a billion dollars, um, because of their China sourcing. So it's possible that at least part of the upside we're seeing this morning, Brad, is because of those headlines on a China deal because if that is going to be a big stress on Nike, if there's relief on the horizon, that can be good news for investors as well. Yeah, absolutely. And and thinking about what some of the calls are this morning off of the earnings, coming back to this Jeffries note, they're saying that Amaya, which is Europe, Middle East, Africa, leading the global recovery for Nike here, talking about the momentum being strongest there where they made strides and cleaning up the marketplace, repositioning digital. But you think about that region and who's typically been able to grow and and really maintain some of that market share. It's for brands like Adidas. It's been brands like Puma that are are core and call that that region home. So how are we seeing some of the other major retailers move on these Nike results knowing that, okay, if Nike is signaling that the worst may be behind them, what could this mean for us in the mindset of the consumers as well? It looks like good things. Briefly, right? We're seeing that those other shares are also rising this morning. Um, Puma, Adidas of the world, but also we're watching some of the US-based footwear retailers. Actually, I, I, well, that's Adidas, uh, US shares. So, um, if you look at how they're trading in Europe, we have been seeing some gains for some of those stocks. Um, and then if we look through the feed through here in the US, we've seen a little bit of optimism priced into some of the shares too. While we're talking regions, by the way, I do want to mention, if I didn't already, the greater China was the only geographical area that did not beat estimates. So continuing the trend of some US companies that are having a little bit more friction in that market. Sign in to access your portfolio
Yahoo
19-06-2025
- Business
- Yahoo
La-Z-Boy Inc (LZB) Q4 2025 Earnings Call Highlights: Strong Sales Growth Amid Economic Challenges
Consolidated Delivered Sales: $571 million for Q4, up 3% year-over-year; $2.1 billion for the fiscal year, up 3% year-over-year. Retail Segment Sales: Increased 8% in Q4, driven by new stores and acquisitions. Wholesale Segment Sales: Grew 2% in Q4, led by core North American business. Operating Cash Flow: $187 million for the fiscal year, up 18% year-over-year. Adjusted Operating Income: $54 million for Q4, up 3% year-over-year; $161 million for the fiscal year, up 1% year-over-year. Adjusted Operating Margin: 9.4% for Q4; 7.6% for the fiscal year. Adjusted Diluted EPS: $0.92 for Q4; $2.92 for the fiscal year. Cash and No Debt: $328 million in cash with no external debt. New Store Openings: 11 new company-owned stores opened during the fiscal year. Shareholder Returns: $113 million returned through share repurchases and dividends, including a 10% dividend increase. Joybird Sales: Decreased 21% in Q4; sales increased 5% for the fiscal year. Same-Store Sales: Written same-store sales for the retail segment decreased 5% in Q4. Warning! GuruFocus has detected 3 Warning Sign with LZB. Release Date: June 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. La-Z-Boy Inc (NYSE:LZB) reported strong fourth-quarter results with consolidated delivered sales of $571 million, a 3% increase compared to the previous year. The retail segment sales grew by 8%, driven by new stores and acquisitions, highlighting the success of their direct-to-consumer growth strategy. La-Z-Boy Inc (NYSE:LZB) opened its 200th company-owned store, now owning 55% of the total network, which strengthens their market presence. The company generated $187 million in operating cash flow for the year, an 18% increase from the prior year, and returned $113 million to shareholders through share repurchases and dividends. La-Z-Boy Inc (NYSE:LZB) maintains a strong balance sheet with $328 million in cash and no external debt, providing financial stability and flexibility for future investments. Written same-store sales for the retail segment decreased by 5% compared to the prior year's fourth quarter, indicating challenges in maintaining consistent sales growth. Joybird, a digitally native brand under La-Z-Boy Inc (NYSE:LZB), experienced a 21% decrease in written sales for the quarter, reflecting the impact of rising macroeconomic uncertainty on consumer behavior. The wholesale segment faced challenges with a significant customer transition in the international business, impacting margins and requiring strategic adjustments. The effective tax rate increased to 31.4% for the fiscal year, primarily due to a nondeductible goodwill impairment charge related to the UK business. The company anticipates continued challenges in the macroeconomic environment, which could impact consumer spending and overall industry growth in the near term. Q: Can you discuss the potential for the wholesale segment to reach a 10% margin and the factors contributing to this goal? A: Taylor Luebke, Senior Vice President, Chief Financial Officer, explained that achieving a 10% margin in the wholesale segment is part of their long-term Century Vision strategy. This includes a distribution and home delivery redesign project, which is expected to contribute significantly. However, reaching this goal also depends on a healthy industry environment, particularly a robust housing market. Q: Why is La-Z-Boy undertaking a distribution network redesign now? A: Melinda Whittington, President, Chief Executive Officer, Director, stated that the redesign is driven by recent acquisitions and the need for efficiency. The project aims to reduce warehouse overhead, optimize routes, and improve delivery experiences, ultimately enhancing service levels and reducing costs. Q: How did La-Z-Boy's sales outperform expectations despite a challenging start to the quarter? A: Melinda Whittington noted that despite a tough February, the company executed well, focusing on consumer satisfaction and business partner collaboration. This led to stronger-than-expected sales by the end of the quarter, even amid increased macroeconomic challenges. Q: What impact did tariffs have on La-Z-Boy's financials, and how is the company addressing this? A: Taylor Luebke mentioned that while tariffs did have an impact, La-Z-Boy mitigated this through nominal pricing actions and strategic inventory management. The company remains agile to respond to any changes in trade policy, focusing on minimizing consumer impact. Q: What is the long-term plan for Joybird stores, considering the current economic challenges? A: Melinda Whittington expressed confidence in Joybird's potential, noting plans to open three to four new stores this year. While the brand is still young and faces challenges, there is potential to exceed the initial goal of 25 stores, with a focus on prudent growth and optimizing the consumer experience. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Mint
09-06-2025
- Business
- Mint
Mid-cap construction sector stock PNC Infratech share price gains 4% on ₹240 Crore order win
Stock Market Today: Mid cap construction sector stock PNC Infratech share price gained up to 4% during the intraday trades on Monday. PNC Infra had announced ₹ 240 Crore order win over the weekend. Mid-cap construction sector stock PNC Infratech over the week end ( on Saturday 7 June 2025) announced winning ₹ 240 crore order. In its intimation to the National Stock Exchange of India Ltd and the BSE or the Bombay Stock Exchange, PNC Infratech announced Receipt of 'Letter of Acceptance' from PWD-Rajasthan. The scope of works for the PNC Infratech as per the received Letter of Acceptance' from PWD-Rajasthan is for construction of a flyover in Bharatpur . The PNC Infratech in its release said that "Company has received Letter of Acceptance dated 06.06.2025 from PWD-Rajasthan for the project namely "Construction of Flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Bharatpur" on 07.06.2025. The domestic Engineering, Procurement and Construction (EPC) order is to be completed by PNC Infratech in 24 months from the issue of order. The broad consideration of the order or contract as per PNC Infratech or the Awarded value id Rs. 239.94 Crore. Mid-cap construction sector stock PNC Infratech share price that opened at ₹ 307.80. At the time of opening PNC Infratech share price was up close too 1% over the previous days closing price of ₹ 305.10. The PNC Infratech share price thereafter gained further the intraday highs of ₹ 319.80 which translated into intraday gains of close to 4% for the PNC Infratech share price. The PNC Infratech share price has been rebounding well and had risen more than 28% during the last one month as order wins and Q4 Results have lifted streets confidence on forward prospects of Mid-cap construction sector stock PNC Infratech Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Yahoo
30-05-2025
- Business
- Yahoo
Medtronic plc (MDT): A Bull Case Theory
We came across a bullish thesis on Medtronic plc (MDT) on Investing Intel's Substack. In this article, we will summarize the bulls' thesis on MDT. Medtronic plc (MDT)'s share was trading at $80.68 as of 23rd May. MDT's trailing and forward P/E were 22.35 and 14.08 respectively according to Yahoo Finance. An assembly line of medical devices being packed for distribution. Medtronic PLC (MDT) delivered robust Q4 and FY2025 results, showcasing solid execution across its portfolio and setting the stage for a strategic transformation. Quarterly revenue grew organically by over 5% to $8.93 billion, with adjusted EPS up 11% to $1.62, and operating profit rising 7.6% year over year to $2.5 billion—or nearly 13% on a constant currency basis. For the full fiscal year, Medtronic generated $33.54 billion in revenue, up nearly 5% organically, and delivered $5.49 in adjusted EPS. Strength was broad-based across all segments, with cardiovascular and diabetes leading the charge—each posting 12% organic growth, underscoring renewed momentum in key franchises. In a major strategic move, Medtronic announced plans to spin off its diabetes business within the next 18 months, aiming to streamline operations, improve focus, and enhance margin profile. The spin-off will be internally led, suggesting continuity and deep institutional knowledge to support the transition. This separation reflects management's intent to unlock value and pursue more focused innovation, particularly in core segments like cardiovascular, neurovascular, and surgical robotics. The diabetes unit, despite recent growth, has historically lagged in profitability and innovation compared to Medtronic's higher-margin units, and its spin-off could help drive a re-rating of MDT shares. Investors now see a cleaner, more focused medical device company emerging, backed by stable cash flow, improving margins, and strong earnings momentum. If successfully executed, the spin-off may unlock hidden value, positioning MDT as a leaner and more agile player in medtech. Previously, we have covered Medtronic plc (MDT) in April 2025 wherein we summarized a bullish thesis by Magnus Ofstad on Substack. The author emphasized the company's ongoing transformation amid operational challenges and strategic realignment. The article highlighted activist investor Starboard Value's involvement as a potential catalyst for streamlining operations, pushing divestitures, and revitalizing innovation, particularly through platforms like the HUGO Robotic Surgery System. Despite trailing peers in growth and margins, MDT was framed as a defensive value play with upside potential if it successfully executes on its strategic pivot. Since our last coverage, the stock has traded mostly flat as of 27th March. Medtronic plc (MDT) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held MDT at the end of the first quarter which was 67 in the previous quarter. While we acknowledge the risk and potential of MDT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MDT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Tahawul Tech
22-05-2025
- Business
- Tahawul Tech
2024/2025 Archives
Lenovo Group Limited has announced Q4 and full year results for the fiscal year 2024/25, reporting significant increases in overall group …
