Why Unifi (UFI) Shares Are Falling Today
Unifi Inc UFI expects second-quarter FY23 sales of $135 million – $137 million, against the consensus of $142.15 million. The revenue guidance represents a 24% – 25% decrease from Q1…
Unifi Inc UFI expects second-quarter FY23 sales of $135 million – $137 million, against the consensus of $142.15 million. The revenue guidance represents a 24% – 25% decrease from Q1…
Reborn Coffee Inc REBN has signed a Memorandum of Understanding with COLLECTIVE PROJECT SDN BHD to establish an equity joint venture to expand and develop its coffee brand throughout Southeast Asia.…
Raytheon Technologies Corp RTX business Pratt & Whitney has launched its new India Engineering Center (IEC) in Bengaluru. The facility is co-located with Pratt & Whitney’s India Capabilities Center (ICC) and…
BofA Securities analyst downgraded Levi Strauss & Co LEVI from Buy to Neutral and lowered the price target from $19 to $17. The analyst remains wary that the highly promotional environment during…
Party City Holdco Inc PRTY has filed voluntary Chapter 11 petitions for relief in the U.S. Bankruptcy Court for the Southern District of Texas. The move was taken to implement the…
Raymond James analyst Sam Darkatsh reiterated an Outperform rating on the shares of LKQ Corp LKQ and raised the price target from $60 to $65. The analyst reduced EPS estimates to slightly above…
World Wrestling Entertainment Inc WWE has retained The Raine Group, LLC as financial advisor, Kirkland & Ellis LLP as legal advisor, and August LLC as strategic communications advisor to support its…
DA Davidson analyst Linda Bolton Weiser reiterated a Buy rating on the shares of Beachbody Company Inc BODY. The company issued a press release reaffirming its 4Q22 guidance for revenue of $140 million – $150…
Science Application International Corp SAIC has secured a $349 million contract from the U.S. Navy. The award is to continue supporting In-Service Engineering Agent (ISEA) functions for Afloat and Ashore…
Expion360 Inc XPON has launched AURA POWERCAP 600 and AURA POWERCAP 800, the first accessories that can transform its Li-ion batteries into a portable 600-watt or 800-watt powerpack. AURA POWERCAPS…
Luxury car maker Porsche Automobile Holding SE POAHY plans to fully integrate Alphabet Inc GOOG GOOGL Google software in Porsche cockpits. The deal would enable Porsche customers to access Google applications like Google Maps…
Digital Brands Group Inc DBGI expects FY23 revenue of $45 million – $50 million. The company sees FY23 EBITDA of $2 million – $3 million due to shared services operating…
Benchmark analyst John Lawrence reiterated a Buy rating on the shares of Freshpet Inc FRPT, with a price target of $100.00. The analyst believes any visibility of margin improvement is a major…
RBC Capital analyst Arun Vishwanathan downgraded PPG Industries Inc PPG from Outperform to Sector Perform and raised the price target from $128 to $129. The analyst attributed the downgrade to continued weakness…
Abercrombie & Fitch Co ANF has raised its fourth-quarter FY22 sales outlook from a 2% – 4% decline to an increase of 1% – 2%. It also raised the operating…
Electric vehicle battery maker SK On may call off its intended joint venture with Ford Motor Company F and Koc Holding AS in Turkey. The parties signed a memorandum of understanding (MoU) for the…
Restaurant company Texas Roadhouse Inc TXRH said its Chief Financial Officer, Tonya Robinson, has retired effective January 4, 2023. Robinson, who joined the company in 1998, was named the finance chief…
Stellantis NV STLA Chief Executive Officer Carlos Tavares warned of more auto plant closures in the year. Tavares said auto makers will be pushed to shut shops if high…
Food Distributor SpartanNash SPTN has acquired Great Lakes Foods, an independent grocery wholesaler, for an undisclosed sum. The company will also acquire Great Lakes’ 300,000-square-foot distribution center in Menominee, Michigan. The…
Stitch Fix Inc SFIX is slashing about 20% of its salaried jobs. In addition, the company plans to close its Salt Lake City distribution center. The personal styling service provider said…