Articles written by Shivani Kumaresan - Benzinga

Topgolf Callaway To Face Revenue Challenges As Same-Venue Sales Drop By 8%: Analyst

J.P. Morgan analyst Matthew R. Boss has reiterated a Neutral rating on Topgolf Callaway and anticipates challenges.

Tesla Acquires German Tech Firm Manz Assets Amid Insolvency

Tesla Automation GmbH (NASDAQ: TSLA) has reached an agreement to acquire Manz AG's Reutlingen facility, including over 300 employees. This deal, pending approval from the German Federal Cartel Office, marks a significant move as Manz AG enters insolvency proceedings.

Chegg Struggles With Declining Traffic, Revenue Amid Increased Competition, Says Analyst

JPMorgan analyst Bryan M. Smilek maintains a Neutral rating on Chegg amid a weaker-than-expected first-quarter outlook.

Shutterstock's Q4 Revenue And EPS Lag Expectations, Subscribers Drop

Shutterstock Inc. (NYSE: SSTK) posted fourth-quarter FY24 sales of $250.03 million, falling below analyst expectations. Subscriber revenue dropped 11.2%, while content offerings saw a 20% increase.

Unilever CEO Hein Schumacher To Step Down, Fernando Fernandez To Take Over

Unilever (NYSE: UL) shares fall as CEO Hein Schumacher announces departure, with CFO Fernando Fernandez set to become CEO in March 2025. The leadership change comes as Unilever continues its Ice Cream division demerger and maintains its 2025 financial guidance.

Krispy Kreme Stock Tumbles On Q4 Performance Lag, Weak Annual Outlook

Krispy Kreme Inc (NASDAQ: DNUT) shares fall after the company reported worse-than-expected fourth-quarter results for FY24. Sales dropped 10.4% year-on-year to $404 million, missing estimates. The company cited lost revenue from the 2024 Cybersecurity Incident and widened operating losses.

Planet Fitness Q4 Sales Jump 19.4%, Helped By Franchise And Equipment Demand

Planet Fitness Inc. (NYSE: PLNT) reported a 19.4% sales growth for FY24's fourth quarter, reaching $340.45 million, surpassing estimates. Franchise revenue increased by 11%, and corporate-owned stores saw an 8.5% rise.

Manchester United To Cut Hundreds Of Jobs In Financial Overhaul

As part of a major restructuring, Manchester United plc (NYSE: MANU) expects up to 200 job cuts. This comes after reducing 250 roles last year, as the club works toward reversing financial losses and strengthening its overall operations.

What To Expect From DigitalOcean Q4 Earnings?

Needham analyst expects DigitalOcean to likely outperform expectations. He notes that the accelerated pace of product development under CEO Paddy Srinivasan will strengthen growth among Scalers & Builders while improving retention before they transition to Hyperscalers.

Smithfield Foods' Post-IPO Momentum: Morgan Stanley Sees Attractive Value In The Transformed Company

Morgan Stanley analyst Dara Mohsenian initiates coverage on Smithfield Foods with an Overweight rating, setting a $28 price target.

Celsius' $1.8 Billion Alani Nu Deal: Analyst Highlights Enhanced Exposure To Female Consumers

Celsius Holdings reported strong Q4 earnings and announced its acquisition of Alani Nu for $1.8B, with analysts expressing optimism. Needham's Gerald Pascarelli and B. Riley's Jeff Van Sinderen reiterated Buy ratings, with price targets set at $38.00 and $49.00, respectively.

What's Going On With Chevron Stock Today?

Chevron's (NYSE: CVX) organizational overhaul aims to optimize operations for future growth. The company is merging its Oil, Products & Gas segment into Upstream and Downstream, Midstream & Chemicals.

Starbucks Lays Off 1,100 Corporate Employees In Major Restructuring

Starbucks is streamlining operations as part of its "Back to Starbucks" initiative. The company will eliminate 1,100 support roles and several hundred open positions.

Why Is Penny Stock Foresight Autonomous Gaining Today?

Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) has partnered with NVIDIA (NASDAQ: NVDA) to integrate Jetson Orin platforms into its 3D vision systems. This collaboration aims to enhance autonomous drones and UAVs by providing powerful AI capabilities for improved environmental awareness.

Hasbro's Cost Cuts And Digital Expansion Underestimated? J.P. Morgan Sees Higher Growth Potential

J.P. Morgan analyst Christopher Horvers maintains an Overweight rating on Hasbro with a $75 price target. Despite a shorter holiday season, HAS exceeded expectations in Q4, driven by strong Consumer Products and Wizards performance, higher margins, and operating income 15% above consensus.

Rocket Lab Achieves Critical Design Review For US Space Force Mission

Rocket Lab USA, Inc. (NASDAQ: RKLB) has achieved a major milestone with its subsidiary, Rocket Lab National Security LLC, completing the Critical Design Review (CDR) for the U.S. Space Force's VICTUS HAZE mission.

TikTok Collaboration Powers Connexa's New MENA Strategy

Connexa Sports Technologies Inc. (NASDAQ: YYAI) has entered a partnership with TikTok to produce content targeting users in MENA. The initiative, through its subsidiary YYEM, will focus on sports, gaming, and lifestyle content, utilizing influencers like popular Twitch hosts.

Fresh Del Monte Stock Falls As Q4 Sales & Earnings Miss Expectations

Fresh Del Monte Produce reported slight sales growth of 0.4% in Q4, totaling $1.01 billion, underperforming analyst expectations. Gross profit increased by nearly 10%, but adjusted EPS of $0.26 missed the consensus estimate.

Domino's Pizza Q4 Same Store Sales Growth Lags, Proposes 15% Dividend Hike

Domino's Pizza reported a 2.9% sales growth in Q4, totaling $1.44 billion, below analyst expectations. Despite this, the company saw a 15% increase in its quarterly dividend and strong global retail sales growth of 4.4%.

Equitable Inks Reinsurance Deal With RGA And Plans To Boost Stake In AllianceBernstein: Details

RGA enters a $32 billion reinsurance agreement with Equitable Holdings. The deal will generate significant returns for RGA, with expected growth in adjusted operating income, and further enhances RGA's strategic partnership in product development and distribution.